Local Stories, Events
Ref. : Civic Events
Ref. : Arts & Education Events
Ref. : Public Service Notices
Books, Films, Arts & Education
07.11 7,000+ Colleges and Universities Declare Climate Emergency and Unveil Three-Point Plan to Combat It [Fox News and Betsy DeVos never talk about this stuff so it must be Bull Shit, right?]
Ref. : Letters to the editor
Health Care & Environment
07.15 Extinction Rebellion protests block traffic in five UK cities [Non-corporate human animals make their annoying bleating sounds...]
07.14 A Glacier the Size of Florida Is Becoming Unstable. It Has Dire Implications for Global Sea Levels [The willfully ignorant needn't read more, Trump]
07.13 'Climate Despair' Is Making People Give Up on Life [Willfully ignorant governments—having fired many of their best scientists—have made themselves too stupid to despair]
07.13 Trump administration to approve pesticide that may harm bees [The worst government money can buy!]
07.10 Plastic Has A Big Carbon Footprint — But That Isn't The Whole Story [Fixing our world begins by educating your consciousness with the best truth from trustworthy news sources—so you'll then insist truly bad things will get fixed. But if instead you are educated by untrustworthy news sources—then your consciousness could be warped to where you are hating and fighting with your best friends. Clue: untrustworthy news sources never seriously report news about the world's most critical emergency—Global warming.]
07.09 Judge reinstates Madrid's low emissions zone [Yeh!]
07.07 How Solar Panels Work (And Why They're Taking Over the World) [Hope they leave space between panels for wild flowers to grow so birds and butterflies can flourish!]
07.04 US produces far more waste and recycles far less of it than other developed countries [As expected—and made worse by Trump—the U.S. is best at being the worst]07.03 Booming LNG industry could be as bad for climate as coal, experts warn
07.03 Caravan of Americans battling diabetes heads to Canada for affordable insulin [3:36 video; Like Central Americans flee for their lives from criminal drug gangs, Americans flee for their lives for affordable pharmaceutical drugs]
06.30 The US military is a bigger polluter than more than 140 countries combined [Could a world-wide moratorium of military activity dramatically slow the climate crises?]
News Media Matters
US Politics, Policy & 'Culture'
07.16 Turnstile teaching [The problem is NOT the color of students skin, as our fake President reflexively thinks. The problem is the lax attitude and deficient funding by government to always do a much better job for a better future.]
07.15 Sanders Accuses Biden of Parroting Pharma and Insurance Industry Script With Attacks on Medicare for All [Like Trump, Biden explains why he's unelectable every day.]
07.15 Trump Takes Pelosi's Side Against AOC and The Squad as Intraparty Fight Over Immigration Continues [Its about much more than immigration, its about the Corporate Dominance—by many of the same companies, even—over both major Political Parties. With too few exceptions, neither party has represented The Public since Nixon generously raised the minimum wage (Part D Medicare and ACA both became Frankenstein legislation due to excessive corporate price-fixing influence), and that has to change!]
07.14 Trump: People like Paul Ryan almost killed the Republican Party [Then it's too bad he didn't stay to finish the job!]
07.13 Trump's POS Labor Secretary, Acosta, Out. POS Number 2, Linked to Abramoff, to Fill Role [A willingness to perform criminal behavior seems the only competency required...]
07.15 Australia 'deeply concerned' about China's treatment of Uighur people [What are the reasons, exactly, that justify harsh imprisonment of a million people?]
07.15 Zuma tells South Africa corruption inquiry he is victim of foreign plot [Unaccountable corrupt governments are so in fashion these days...]
07.14 Warren vows to probe U.S. crimes on immigrants if elected [Can you imagine living in a nation with a working Justice System? How far we've fallen!]
Economics & Corrupt Capitalism
International & Futurism
07.15 Australia now has the highest minimum wage in the world [From 1960 to 2018 – the U.S. has fallen from 1st place to below the tenth place and off the chart]
07.14 At least 24 Yellow Vests lost eyes in violent protests. Now they're more determined than ever [Protests of all kinds will continue until systemic inequality loses political dominance]
07.13 After a Police Shooting, Ethiopian Israelis Seek a ‘Black Lives Matter’ Reckoning [Since so-called modern humans evolved there have been 10,000 generations of people. It is extremely far-fetched to think anyone is racially pure. SO ALL THIS HATE IS INCREDIBLY STUPID.]
07.13 Brazil’s President May Appoint Son, Friend to the Trumps, as Ambassador to U.S. [Friend of the Trumps, so we know they're all brain-dead except about near-term profits. They are clear-cutting the Amazon Rain Forest to feed-then-butcher millions of methane farting cows, over and over. Yep, that's there business plan. So therefore the rest of the world will hopefully plant billions of trees elsewhere to sequester CO2 to offset what the Bolsonaro family and investors are destroying. What's wrong with this picture?]
07.13 Trump’s Cruelty and Mexico’s Duty [Our president is immoral to his core and reacts to things like a child, not understanding that his actions are often crueler than they should be. And that cruelty will never completely be excused or forgotten—the people's hatred of Trump is growing, like the Texan's hatred when President General Santa Anna laid seige to the Alamo, which was Mexico's territory at the time...]
Thinking About Nationalizations
We need not fear a full or partial “nationalization” of the Big 20 by Uncle $ugar. This is NO shift to “financial socialism.” It will be but a temporary aberration in our history.I’ve been thinking about nationalizations. Actually I’ve been thinking about the unfolding recession/depression, the big 20 banks, a peek under “the” TARP, and why any use of the dreaded “N” word is only temporary. Last week’s global economic, financial, and monetary revelations were real doozies. Some were directly exposed via public sound bytes and press releases from the newly elected power brokers seeking to fix things. Others emanated from the old guard corporate elites who created the messes. These latter folks facilitated the frauds and crimes that brought us to the colossal swamp now consuming us, but they are still in the limelight - and in effective control!
You see as bad as things are appearing, we have really only been made privy to a very few of the problems since the beginnings of their disclosures in late August of 2007. The doomsday prophets’ graffiti actually began appearing on the walls (or in my own columns) much earlier in 2004 and 2005. Few in the general public listened (or cared). It is safe to say that any lacking in the painful clarity of how “bad” is “bad” will soon change. Unemployment stats will continue to escalate in the wrong direction, and will do so for the remainder of 2009 - ditto for foreclosures, personal and corporate bankruptcies, Real Estate malaise, and most equity stocks. While important to individuals, these pale in comparison because despite the roughly 6 plus TRILLION in fixes, bailouts, buy outs, guarantees, warehousing repos, and sundry infusion largesse; the financial services industry is still on the rocks. “It” is a long ways from either resolution, or stability!
This dire appraisal needs to be qualified here. If we presume that there are roughly 10,000 financial institutions in the nation, we also need to acknowledge that the mere 20 largest have over 90% of the total US deposits under their stewardship! In the alternative... the other roughly 9,980 banks, etc. have the other 10%. The bulk of these are your community banks which are well run, have been financially prudent, and present no risks of loss or inconvenience to their customer base.
Let’s say “hypothetically” that only 3 or 4 of the big 20 are now in deep doodoo and need to be shut down, recapitalized, restructured, or merged/acquired. THAT implies that somewhere between 20% to 30% of all US deposits are potentially at risk for some “INCONVENIENCIES” (you don’t want to know what THAT implies!)! This is a big number. This is a VERY BIG NUMBER! The driving force behind recent panics has been the financial health of the major money center banks. Materiality of the Wall Street few will always trump “all the Main Streets combined!”
This is a fact of governmental policy life - so get with the program and accept it. This is why we (collectively) will need to monitor the “Capital Injection Program” scheduled for roll out this Wednesday. The levels of these new “injections” will be triggered by the results, revelations, and findings of the comprehensive financial/ forensic audits which are also scheduled to begin in earnest at the Big 20 this week or next. These will take months to complete. (I was part of similar work when I was employed by the FDIC/ RTC on failed banks and S&Ls.) I am already speculating that the results here will be far worse than any of the blackest predictions to date – so brace yourself!
The beltway politicos and financial pundits are already preparing the public for more record setting bailouts and infusions. Use of the dreaded “N” word (as in NATIONALIZATION) is already surfacing in the same sentences with CITI, B of A, and others of the Big 20. This is also coming from the most conservative of Republican circles who have for the most part trashed (or ignored) Obama Administration policies and pronouncements. To date, Treasury Secretary “Timmy the Tiger” Geithner has merely meowed, and not roared! His meows have under-whelmed the financial analysts, and central bankers of the world. Global equity markets responded accordingly - DOWN!
We need not fear a full or partial “nationalization” of the Big 20 by Uncle $ugar. This is NO shift to “financial socialism.” It will be but a temporary aberration in our history. Uncle’s LONG TERM involvement is NOT in the interests of the Federal Reserve Bank owners, the US Treasury, or Wall Street – trust me!
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 firstname.lastname@example.org.
Copyright © 2009 The Baltimore News Network. All rights reserved.
Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.
Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.
This story was published on February 23, 2009.