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Health Care & Environment

01.18 Learning From Cuba’s ‘Medicare for All’

01.17 As Planet Heats Further, Even Davos Elite Warns Humanity Is 'Sleepwalking Into Catastrophe' [Intelligent government is desperately needed]

01.17 Could a Green New Deal Save Civilization? [Intelligent government is desperately needed]

01.17 New plant-focused diet would ‘transform’ planet’s future, say scientists

01.17 Studies Show Ice Melting and Ocean Warming Both Happening Much Faster Than Previously Thought

01.16 Immediate fossil fuel phaseout could arrest climate change – study [Intelligent government is desperately needed]

01.16 Our oceans broke heat records in 2018 and the consequences are catastrophic [charts]

01.15 Solar Farms Shine a Ray of Hope on Bees and Butterflies [Wonderful!]

01.15 Australia could hit 100% renewables sooner than most people think

01.15 Ion age: why the future will be battery powered

01.15 Barclays on wrong side of history with climate policy, says Greenpeace

01.15 'One fish at a time': Indonesia lands remarkable victory

01.15 Insect collapse: ‘We are destroying our life support systems’

01.14 V.A. Seeks to Redirect Billions of Dollars Into Private Care [The most public and efficient healthcare in America has been demonized and will be destroyed rather than improved, raising total  per-capita costs]

01.14 Saudi Arabia Increases Solar Targets To 20 Gigawatts By 2023 & 40 Gigawatts By 2030

01.14 Solar + Storage Half The Cost Of Gas Peaker Plants — 8MinuteEnergy

01.14 Why thousands of Los Angeles teachers are going on strike [Well at least we got a big tax-cut for the super-rich, that was the most important thing.]

01.14 Air pollution 'as bad as smoking in increasing risk of miscarriage'

01.09 Dutch eco initiative halves energy bills in first UK homes

01.09 'It's a nightmare': Americans' health at risk as shutdown slashes EPA

01.08 Monarch butterfly numbers plummet 86 percent in California [0:58 video; Do You Care?]

01.08 Carbon emissions up as Trump agenda rolls back climate change work [Making America Less  Great Again]

News Media Matters

01.19 How conservative media became a “safe space”

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

01.19 The Biden Band-Aid: Will Democrats Contain the Insurgency?

01.19 Donald Trump Has Never Cared About Workers, and Never Will

01.19 Republicans’ lack of alarm over the shutdown reveals a disturbing truth [Sociopaths have little or no conscience, empathy or morality...]

01.19 Arizona: Four women convicted after leaving food and water in desert for migrants [morality is against the law]

01.19 Mueller breaks silence to dispute parts of bombshell report on Michael Cohen

01.18 “Are We Really Where We Are?”: Trump, Putin, and Washington’s Unbelievable New Normal

01.18 With Mattis Gone, Trump Is Already Sowing More Global Chaos [Trump plays General—what could go wrong...]

01.18 The Right’s Case Against Soaking the Rich Is Dirt Poor

01.18 Trump Worsens the Border Crisis

01.18 Impeach Donald Trump

01.18 President Trump Directed His Attorney Michael Cohen To Lie To Congress About The Moscow Tower Project [An impeachable offense]

01.18 10 Things We All Lose If Bernie Chooses Not to Run in 2020 [Intelligent government is desperately needed]

01.17 These 2020 hopefuls are courting Wall Street. Don't be fooled by their progressive veneer

01.17 Alexandria Ocasio-Cortez lambasts US government shutdown in first House speech [3:27 video; Intelligent government is desperately needed]

Justice Matters

01.15 The US apparently kept no detailed notes of Trump-Putin meetings for the past 2 years

01.15 California’s largest utility just declared bankruptcy. Hello, climate change.

12.28 Mueller closes in: what will the Trump-Russia inquiry deliver in 2019?

High Crimes?
Economics, Crony Capitalism

01.17 Trump's economy is great for billionaires, not for working people [chock-full of pesky facts that government and media ignore and distort]

International & Futurism

01.19 The Ebola outbreak in Eastern Congo is moving toward a major city. That’s not good.

01.19 Ahead of Third Annual Women's March, Group Releases Far-Reaching 'Intersectional Feminist Policy Platform'

01.17 +++ Brexit crisis: Germany and Europe react — live updates +++

01.17 White people assume niceness is the answer to racial inequality. It's not [More equality requires us to fix ignored and distorted problems]

01.16 Global tensions holding back climate change fight, says WEF [Consistently stupid and harmful policies... Seeing a pattern?]

01.16 How Governments React to Climate Change: An Interview with the Political Theorists Joel Wainwright and Geoff Mann

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  Thinking About Transparency
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COMMENTARY:

Thinking About Inventories

by Fred Cederholm
We don’t have a clue what the summation difference is between market value and the outstanding mortgages. Are they multiple BILLION underwater, or mega TRILLION?
I’ve been thinking about inventories. Actually I’ve been thinking about Christopher Columbus, the Obama stimulus putsch, housing, and unemployment. An inventory refers to a categorical listing of things. It can be used by an individual, business, or governmental unit to take stock in what is available for consideration in making their forward moving decisions. It is an accounting of items at a snapshot in time - a benchmark reckoning. After all... how can you plan for where you are headed, if you don’t have an inking of what you’ve got on hand when you started out?

You see Christopher Columbus “knew” where he wanted to go, and what he wanted to accomplish. He just wasn’t certain where he was... relative to his goal destination. When he started out, he lacked an honest sense of direction – he forged ahead. Progress was in days transpired. When he “arrived,” he really didn’t know where he was. When he returned and claimed success, he really didn’t know where he had been. And... he did all of it on borrowed money! Sound familiar? Humm!

Planet Earth is about to undertake similar voyages of collective discovery. The major global economies are looking at a systemic meltdown - economically, financially, and monetarily. All are embarking on their individual quests to fix “their” messes, yet few are considering what the impact of any successes (or failures) will have on the rest of the group. All “talk” about the astronomical costs, yet none have “inventoried” (or accurately quantified) those impending costs behind their malaise/travails. Since the US economy has been the driving force behind the world’s consumption of goods and services, Uncle $ugar’s recent apocalyptic downturns and the newly installed Obama Administration’s stimulus planning are under the microscope and the spotlight of all global parties.

As snips and snippets of the Obama team intensions leak out, it becomes clear that the economic crises (and the costs of resolution/turnaround) are escalating on every front. The numbers still continue to grow, we have yet to see any progress from the TRILLIONS spent to date from the previous administration, and we don’t have a clue as to the ultimate costs and polices ahead. Housing, unemployment, and consumption HAVE been IDed as central targets for the stimulus. Yet, do we know where we are as far as the bottom? In a word... NO! The Administration is pushing hard to begin their turnaround, but toward what end? And... to what definition of “success?”

A comprehensive inventory of non-performing loans at the major US banking/financial giants, including the GSE’s Fannie, Freddie, and Ginnie has not been performed! They have tapped into 100s of BILLIONS of assistance to date, and are now returning to the public coffers for more. We don’t have a clue what the summation difference is between market value and the outstanding mortgages. Are they multiple BILLION underwater, or mega TRILLION? As more properties default into the resale market and prices continue to drop, what is the growth in deficiencies (losses) for each 1% decline in resale market value(s)? If those inside the Administration, the US Treasury, or the FED know, they certainly aren’t telling the public! Without such quantification, I strongly suspect we are only ONE-THIRD to the Real Estate bottom. We've seen a majority of the Sub-Primes loans unwind, the Alternative-A category is only beginning, and the Lion’s share of the negative amortization interest only ARM’s looms on the horizon. ONE THIRD may be a correct presumption.

The Obama team has (for now) upped their job creation goals to 4 MILLION new jobs in two years. Employment fell by 1.9 MILLION in the last four months of 2008. We are now looking at losses of 500,000 to 600,000 a month for 2009. Do the math, is this enough? The Obama plan calls for mega buck infusions for infrastructure to create jobs. Such may work fine for those unemployed from the construction sector, but what about those from banking/Wall Street, retailing, mfg, and services? How “equipped” are they to build roads, bridges, schools, railroads, airports, and the like. What ARE the skills of our unemployed? Then too, how many of them are the newly “green carded” (or illegal) aliens matriculated into the US economy during the boom years? What is our responsibility for them?

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.


Copyright 2008 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 asklet@rochelle.net. –

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This story was published on February 2, 2009.

 

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