Local Stories, Events
Health Care & Environment
08.20 Amazon under fire for new packaging that cannot be recycled [ALL NON-RECYCLABLE PACKAGING MUST BE ILLEGAL]
08.19 The Trump administration tried to bury a climate study on ... rice? [CO2 increase causes decrease in nutrition from rice and other crops. Trump chose to bury the story because it contradicts his ignorance.]
08.15 Fracking Boom in US and Canada Largely to Blame for 'Massive' Rise of Global Methane Levels: Study [Will there be mass-murder criminal charges? With Trump-appointed judges allow criminal or civil-cases be fairly adjudicated?]
08.14 “Kochland” Examines the Koch Brothers’ Early, Crucial Role in Climate-Change Denial [For their gravestones, what best summarizes the vast death of life across the globe these two brothers have wrought?]
News Media Matters
08.11 Guess who said it: Tucker Carlson or a far-right shooter [How have Fox News and similar excretory news sources become such profitable engines of hate? They foment fear of people different than ‘you’ as the problem, and sell evisceration of ‘them’ as the solution. It’s all neatly packaged to make ‘you’ feel safer.]
08.09 'What Oligarchy Looks Like': Sanders Leads 140 Lawmakers in Condemning Trump Plan to Rip Food Stamps From 3 Million Americans [Why isn't this story covered in corporate media?]
US Politics, Policy & 'Culture'
08.20 Caged alone 24 hours a day, denied medicine: lawsuit claims 'torture' in US migrant jails [Another triumph of ignorant beliefs]
08.20 Planned Parenthood withdraws from federal program over Trump rule [Another triumph of ignorant beliefs]
08.18 The misogyny Steve King embodies is very much in the DNA of the Republican party [Society has become an embarassing...mess...from media outlets and politicians spewing outrageous hate and warped opinion.]
08.18 Trump's Statue of Bigotry is not Cuccinelli's first neo-Confederate assault [Is everyone in the Trump Administration a racist bigot?]
08.18 400 years of racism: Portland rally: Proud Boys vow to march each month after biggest protest of Trump era [1:15 video]
08.20 The supreme court's pro-gun radicalism puts us all in the crosshairs [America's Confederate cancer...]
High Crimes vs. Human Rights
Economics & Corrupt Capitalism
International & Futurism
08.18 Scott Morrison's betrayal of the Pacific was immoral – and completely unnecessary [Inaction will bring death and suffering]
08.13 The Museum Is the Refugee’s Home [Think about it: refugees—excluding bad criminal types—are naturally the best new citizens because they'll fight like hell for a better life.]
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.”
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 email@example.com.
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.