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Health Care & Environment

03.17 China's 'war against pollution' shows promising results, study finds [U.S. doesn't care]

03.17 China's 'war against pollution' shows promising results, study finds

03.17 In Latest 'Alarming' Attack on Science, Pruitt Reportedly Moving to Restrict Use of Research in EPA Policy [“Stupid is as stupid does.” –Forrest Gump]

03.17 Global energy giants forced to adapt to rise of renewables [the Middle-East's wars may be stupid given looming drop in oil and gas prices]

03.16 The Guardian view on air pollution: moral pusillanimity, political ineptitude

03.16 Pollutionwatch: Cold snap worsens particle load of air

03.16 Energy sector must use new tech to ensure the vulnerable aren't left behind

03.16 Pollution, illness, threats and murder: is this Amazon factory the link?

03.16 It's 50 years since climate change was first seen. Now time is running out

03.15 WHO launches health review after microplastics found in 90% of bottled water [health risks are being assessed]

03.14 World’s great forests could lose half of all wildlife as planet warms – report [ho-hum...]

03.14 Sky-high prices of everything make US healthcare the world's most expensive [legal corruption of government Makes America Less Great Again, and more of a mafia-state]

News Media Matters

03.17 The corporate media ignores the rise of oligarchy. The rest of us shouldn't

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

03.18 The War on the Post Office

03.18 Donald Trump and the Craven Firing of Andrew McCabe

03.18 Mueller Wants Trump’s Business Records. What’s the Russia Connection? [real estate deals with money laundering for higher profits...]

03.18 Paul Ryan sold shares on same day as private briefing of banking crisis [offense in 2008 became a story in 2012, which now in 2018 is hot news...]

03.18 The Cambridge Analytica Files: ‘I made Steve Bannon’s psychological warfare tool’: meet the data war whistleblower

03.17 Russia investigation may turn to Ivanka Trump as Mueller examines empire

03.17 Conditioning Through Contempt: They Are Calling Us Their Base to Demean Us

03.17 Andrew McCabe, ex-FBI deputy and Trump target, fired days before retiring

03.16 Package Bombs Are Killing People in Texas but Donald Trump Hasn’t Said a Thing. There’s a Reason for That.

03.16 N.R.A. Proposes Having Second Armed Teacher in Every Classroom to Stop First Armed Teacher from Misfiring

03.16 Cash in: the rich guys in Trump's cabinet who can't resist public money [morals and rules for behavior are for little people]

03.16 Mueller subpoenas Trump Organization for documents related to Russia – report

Justice Matters

03.14 Manafort could face ‘rest of life in prison,’ judge says

High Crimes?


Economics, Crony Capitalism

03.17 The Radical Reformist

International & Futurism

03.18 Marielle Franco: Brazil’s favelas mourn the death of a champion

03.17 Sergei Skripal: Russia expels 23 British diplomats as row deepens

03.17 Turkey claims to have encircled Afrin, besieging up to 200,000 [Kurds are the new Armenians. Is ethnic purity—that DNA testing cannot discern—so important that Turkey and Syria must kill minority ethnic populations?]

03.16 The long read: Vladimir Putin’s politics of eternity

03.16 Australian man who raped Indian orphans released immediately after conviction

03.15 Finland is the happiest country in the world, says UN report

03.15 Busting the Myth of ‘Welfare Makes People Lazy’ [Are all conservative economic theories based on anecdotal gossip of ill-informed, often-biased people? There does seem to be a pattern...]

03.15 Donald Trump admits making up 'facts' in trade meeting with Justin Trudeau [“Stupid is as stupid does.” –Forrest Gump]

03.15 Can we fix it? The repair cafes waging war on throwaway culture

03.15 Spy poisoning: allies back UK and blast Russia at UN security council [videos]

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Costs for the problems, misdeeds, and inactions I’ve been chronicling will run in the mega-billions - even trillions of dollars. There is now potential to destroy this nation as we know it for generations to come.
I’ve been thinking about dominoes. Actually I’ve been thinking about 2007, forensic accounting, the Dollar, interest rates, debts, the real estate market, energy, equities, and ... In my last column of the year, I usually try to lay the groundwork for what I (more than likely) will be discussing in the coming year. I claim no links to Nostradamus, and if I had a crystal ball, it – like everything else in my house right now - would be covered with a layer of plaster dust. However... if there were one word I would choose to sum up what can see as the buzzword/catchword for 2007, it would be “dominoes.”

You see, as a child I had fun playing with dominoes – not the game itself per se, but rather standing them upright in lines, then nudging one and watching them all the rest topple over – one after another. Anyone familiar with my columns in print (or on-line) is aware that I have a number of concerns about this nation and the messes Uncle $ugar faces on almost every front. Last Thursday, I was the guest speaker at the Rochelle Kiwanis Golden K Chapter’s breakfast meeting. Please read on. I gave them a choice of topics for my presentation, but they chose to hear about my educational experiences regarding my two summers attending Exeter College, Oxford, England. Most were already familiar with my weekly columns in the Rochelle News-Leader. Afterwards... a couple of the men said they knew what an accountant and an auditor does, but they weren’t certain what I meant by being a forensic accountant? “Why does that have some impact on what you write - and why you write it?”

I told them that to the best of my knowledge nobody really gets a degree in forensic accounting – not yet anyway. That designation comes pretty much from the experience of “specializing” in failures – bankruptcies, divorces, troubled debt restructurings, debtors in possession, and investigations into criminal (and civil) malfeasance on the part of officials, directors, and officers in their various fiduciary capacities. Forensic accountants are “business morticians” – auditors who perform “autopsies” on the records to determine the cause of “death,” who was responsible, and what parts might be salvageable. Damage computations are often required, and/or a determination of when a reasonably prudent person should have seen/foreseen the impending problems, or demise. The forensic accountant works primarily with official documents, minutes, correspondence, financial statements, and other printed matter because the relevant parties - make that “the suspects” - (under advice of counsel) aren’t talking!

Much of what I did (or do) as a forensic accountant, I apply in the researching and the writing of my weekly columns. There aren’t a whole lot of us “forensics” out there to begin with, and even fewer who pen weekly commentaries in an attempt to alert/inform the general public about newsworthy/ developing events, stories, and topics that are impacting and destroying our world. Hardly any of the subjects (or topics) of my prior columns have been fixed by those who should be in the position to fix them. If anything “the powers that be” have totally ignored addressing the issues, or even worse - continued the policies which only compound the problems. When the blow-up (or demise) finally occurs, public understanding of the background of events - and awareness of the players, their roles, and their actions/inactions strengthens the case for culpability in finding the guilty parties guilty.

In 2007, we find ourselves at a precipice regarding so many problems facing this nation. The status of the Dollar, interest rate volatility, our debts/deficits, the real estate bubble, energy dependence, overpriced stocks, negative savings, dependence on foreign capital/investors, disaster ill-preparedness, and an overspread military are all inter-related much like a portfolio of troubled loans that are cross-collateralized and cross-defaulted. The blow-up of one would/ should/ could trigger the toppling of all the rest - much like my childhood string of upright dominoes. Will 2007 be the year of the “dominoes?”

So many times in my years spent working on litigation and investigations for the FDIC and the RTC on failed banks and savings and loans, I saw “alleged” guilty parties walk from all their misdeeds, responsibilities, and liabilities. When confronted with evidence against them and given a choice between being crooked or stupid, we so frequently heard: “Boy, was I dumb!” Costs for the problems, misdeeds, and inactions I’ve been chronicling will run in the mega-billions - even trillions of dollars. There is now potential to destroy this nation as we know it for generations to come. Thru my columns, I’m trying to inform my readership to preclude any defense of incompetence, of stupidity, of ignorance, of innocence, and of moronic stubbornness in allowing the guilty to walk free. If the “dominoes” fall in 2007, who will really end up paying the price - the guilty parties, or the people? I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.

Copyright 2006 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at

Copyright © 2006 The Baltimore Chronicle. All rights reserved.

Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.

This story was published on December 26, 2006.

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