Local Stories, Events
Ref. : Civic Events
Ref. : Arts & Education Events
Ref. : Public Service Notices
Books, Films, Arts & Education
Ref. : Letters to the editor
Health Care & Environment
11.18 Air pollution levels ‘forcing families to move out of cities’ [like from desertification, lack of drinkable water and rising oceans, there will also be pollution-caused immigration until humans fix things]
11.17 Policies of China, Russia and Canada threaten 5C climate change, study finds [Climate catastrophe is increasingly likely without worldwide organization, funding and commitment to winning THE WAR AGAINST GLOBAL WARMING.]
11.16 How pesticide bans can prevent tens of thousands of suicides a year [how many thousands more die early from eating pesticide-laced food?]
11.15 The Earth is in a death spiral. It will take radical action to save us [fossil fuel burning, un-recyclable plastic production/use and methane gas release must cease ASAP.]
11.15 The long read: The plastic backlash: what's behind our sudden rage – and will it make a difference? [the world wants to throw-up...]
11.15 Claws out: crab fishermen sue 30 oil firms over climate change [workers are waking-up...]
11.12 This Land is Your Land: The Zinke effect: how the US interior department became a tool of industry [behaving ignorantly again...]
News Media Matters
US Politics, Policy & 'Culture'
11.19 Last Week Tonight with John Oliver 11/18/2018 (HBO) [29:26 video]
11.19 Trump Says He Was 'Fully Briefed' and Also 'Not Briefed Yet' But Either Way Saudi Crown Prince 'Absolutely' Not Involved Because Trump Knows 'Everything That Went On' Without Listening to Tape of Khashoggi Murder
11.19 'We Need New Leaders, Period': Progressive Newcomers Urge Democrats to Embrace Bold Agenda or Face Primary Challenges [Current Democrat leaders are highly compromised by corporate donations]
11.18 Trump says Pelosi deserves speakership, offers Republican votes [An affirmation of Pelosi's unsuitability]
11.18 Khanna to Pelosi: Don't Just Create Green New Deal Select Committee, Make Ocasio-Cortez Its Chair [Will Pelosi earnestly change, or end her career in disgrace?]
11.18 Chuck Schumer, Feckless Hack [Neoliberal Democrats must go!]
11.18 What the State of the VA Tells Us About Trump’s War on Welfare [Privatizing often results in outright fraud and higher costs by private prisons, privatized health insurance and health care, privatized public schools and online "colleges" like Trump University]
11.17 As Energy for Medicare for All Explodes, Steny Hoyer's Plan Includes Waiting for Trump to Help Make Obamacare Better [Another who is unfit to be Democrat leader]
11.17 'A Staggeringly Bad Idea': Outrage as Pelosi Pushes Tax Rule That Would 'Kneecap the Progressive Agenda' [Unfit to be Democrat leader]
11.14 The Guardian view on Yemen’s misery: the west is complicit [WAR CRIMES]
Economics, Crony Capitalism
11.19 Bankrupt Sears wants to give executives $19 million in bonuses [blatantly immoral and sick to richly reward those who led the company into the bankruptcy]
11.18 Big Pharma Bankrolled Pro-Trump Group As Trump Pushed Pharma Tax Cut [Corruption Central!]
11.16 Amazon’s HQ2 Will Get a Tax Break Designed to Help the Poor [a Republican program that directly helps participating wealthy companies—but only helps workers if and when 'trickle-down' occurs.]
11.16 Trump doesn’t want to punish Saudi Arabia over Khashoggi. His new sanctions prove it. [George W. Bush made a similar immoral decision for the same oily reasons after 9-11, protecting Saudi defense contracts while facilitating the slaughter of poorer Arab "terrorists" in the region.]
International & Futurism
11.18 France demands UK climate pledge in return for Brexit trade deal [Excellent!]
11.17 Thousands gather to block London bridges in climate rebellion [We're losing WWIII because the enemy is invisible while we're like frogs slowly cooking. We aren't informed enough to be alarmed, but must get organized and motivated to fight back. We need a War Plan to ruthlessly pursue the fight of our lives!]
Thinking About Warnings
Things happen that are harbingers of more things to come. We don’t always see isolated and random events as warnings. That may be a major mistake on our parts.
I’ve been thinking about warnings. Actually I’ve been thinking about volcanoes, Toyotas, Goldman Sachs, the money supply, US Treasury Securities, foreclosures, and my silver PT Cruiser. Things happen that are harbingers of more things to come. We don’t always see isolated and random events as warnings. That may be a major mistake on our parts. How often days, weeks, or months later do we TH*NK: “Gee, I should of...”?
You see despite all the occurrences that actually DIDN’T make the news last week, there were a number of events, or happenings, which I see as warnings. Planet earth is clearly not as stable a place as we want to TH*NK. The Eyjafjallokull eruptions in Iceland have basically shut down air travel to (and within) Europe. Iceland’s volcanoes generally smolder, burp, and send off ash, but the last week’s events were something to watch closely. While some airports want to re-begin take offs and landings, the cloud of fine ash over the UK, Scandinavia, Central Europe, and Eastern Europe to the Ural Mountains has not dissipated. Airlines are now losing $200 MILLION a day. Although the ash cloud from Iceland continues to linger and grow, pressure is on to fasten seat belts and re-fill the empty skies. Does this mean that a warning is now being ignored? Are they playing fast and loose with passengers?
The past problems of Toyota vehicles accelerating on their own has resulted in a $16.4 MILLION fine to be made payable to Uncle $ugar. A bundle of memos, emails, and letters indicate that Toyota tried to sweep massive quality control problems under their floor mats. The government could have used the $15 BILLION in fines they actually sought, but were capped out at the $16.4 MILLION that was just announced. Toyota isn’t admitting any guilt, but agreed to pay the $16.4 MILLION to put “the matter behind them.” (YEAH, right!!!) Such a “NOLO CONTENDERE” (no innocence, but no guilt either) plea brought back so many memories of my days working as a forensic accountant for the FDIC/ RTC. I can really laugh about this because I was the one who put together “the smoking gun” evidence which was sealed (and I am still under a gag order) by the RTC settlement decree(s) on my cases.
Goldman Sachs, the famous Wall Street investment firm, was dinged for telling many of their clients to invest in mortgage backed securities, while at the same time short selling the securities and betting that they would be worth less, or even worthless. How could such a two faced duplicity be the case? Well under the A,B,C’s of investing. A’s are for averages, B’s are for brokers, and C’s are for commissions! In this case, the C’s are much more desirable than any A’s, or any B’s. At this point, whether the Security and Exchange Commission (SEC) will pursue criminal charges against Goldman, or what will be the ultimate fine, penalty, restitution to Uncle $ugar is still open to question. The timing of last week’s disclosures is fortuitous because the Obama Administration is preparing its case that a return to regulation of the banks and investments is highly desirable. The President may not have been able to fly to Poland for a funeral; but unless the Yellowstone Caldron erupts, he will be flying around the US pushing for financial system reform and regulation. The Goldman case is clearly a warning.
News from the US Treasury is highly suspicious. Every week Treasury securities are rolled over and new/ additional ones are offered for sale. In the 2010 year, Uncle $ugar will need to borrow at least another $1.6 TRILLION. This should result in an increasing money supply, and an increase in interest rates! What we are seeing is that the money supply is actually contracting (?), no interest rate increases, and that there is an “unexplained” spike of BILLIONS of “direct” purchases of these securities. Security sales thru brokers and to institutional investors are “indirect:” sales to the general public and foreign governments are “direct.” This is a red flag that something is not right! Who is actually buying these at arbitrarily low interest rates, and how are they paying for them when the reported outstanding money supply is actually decreasing? Should these anomalies be regarded as another warning sign?
An “improving” Real Estate market is presently being hyped, yet the number of foreclosed properties and those held/ owned by banks as OREOs (Other Real Estate Owned) continues to grow. Realty Trac which monitors these, just announced foreclosures doubled to 15,000 in Illinois alone at the end of the first quarter. This is a record high and should be taken as a sign of a worsening economy, not an improvement to it. Closer to home... four of the 22 homes on the market in Creston have sold in the past couple of weeks. This is great news. Then... over the weekend, the engine warning light on my PT Cruiser came on. I am headed to Krahenbuhl’s Monday afternoon to get it checked out. (Bah humbug!)
I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.
Copyright 2009 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 © 2010 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 April 19, 2010.