Friday, February 10, 2012

Catholics and Greeks


CONTRACEPTION CONTROVERSY


So the insurance plan format includes contraception, which did not surprise me for the following reasons:

• Cost Effectiveness: contraception is cheaper than pregnancy coverage.

• Social Costs: Population growth is not a desirable outcome when unemployment rates are high.

• Population growth is not a desirable outcome when welfare rolls are high and rising.

• Religious Implications: A church is attempting to dominate what should be a business decision.

• Contraception is legal and is the custom of the people, whether the church likes it or not.

Other implications would encourage discouraging immigration while the unemployment rate is so high. I know the implications of the educated immigrants but our own population needs to be hired. High Tech industries should be ready to invest in educating workers. I am also aware of the social value of welcoming educated immigrants, as it develops ties between the countries.

GREEK ECONOMIC CRISIS

The Greek economic crisis is now beginning to mention the plight of the people vs the plight of the lienholders. I heard a 40% rise in suicides in Greece. People standing in bread lines. Molotov cocktails within view of the Parthenon. All this to pay debts. A default would put the Greek government within 10% of the needed budget cuts to balance revenue with expenditure. I don't know who those lienholders are or why they are so desperate for money they would actually decimate a whole economy to pay for it, but it's haircut time.

A little research into the Greek entry into the eurozone is in order. Since the Greek government had so much debt upon entry into the zone and the zone was now beholden to pay it off, where was the debt before it became apparent? Did a big investment bank set up a deal that hid the debt? If they did, they should be liable for all Greek default debts. Clean them out. Governments and people are not pawns.




Saturday, February 04, 2012

Keystone Pipeline Opinion

The Keystone Pipeline is a controversial issue in the nation and President Obama rejected the pipeline deal after being pressured by Republicans to speed up the decision. Some Republicans want the pipeline. I watched some of the hearings concerning the pipeline and have gleaned a few items about this pipeline.


• Is owned by a Canadian company called TransCanada

• Proposes an oil pipeline from Canada to refineries in Texas

• Plans to use Port Arthur, Texas to export the pipeline products after refining

• Port Arthur, Texas is a free port, which means no tax would be paid on the exports

• The Keystone pipeline official refused to say that these petroleum products would remain in the USA, thus might not assist the goal of energy independence.

• The proposed pipeline routes go through the Ogallala Aquifer, which provides water for this large arid region and some of the pipeline is planned to be in contact with aquifer water, risking the water supply

• Refineries are notorious polluters and the Keystone oil will be corrosive, low quality crude

The following quotes illustrate the corruption around the pipeline. I think a look at campaign donations might reveal a pattern of giving designed to get the pipeline through without really investigating environmental concerns. Corruption in the State Department needs to be addressed and the following quote illustrates political influence around the pipeline.

"The State Department has also faced charges of political conflict of interest over its handling of the Keystone XL application because TransCanada’s chief Washington lobbyist, Paul Elliott, was a top official in Hillary Rodham Clinton’s 2008 presidential campaign."

As evidence of the corruption of the laws designed to protect the people from exploitation:

"The State Department allowed TransCanada to solicit and screen bids for the environmental study. At TransCanada’s recommendation, the department hired Cardno Entrix, an environmental contractor based in Houston, even though it had previously worked on projects with TransCanada and describes the pipeline company as a “major client” in its marketing materials." (web address reference below)

http://topics.nytimes.com/top/reference/timestopics/subjects/k/keystone_pipeline/index.html?inline=nyt-classifier

Somebody ought to be fired in the State Department for corrupting our government.

As evidence of the intensity of this issue, A Nebraska rancher testified during the hearings that TransCanada had approached landowners along the route of the pipeline and made monetary offers to buy the land. If the landowners didn't take the offer, then TransCanada threatened them with Eminent Domain. I guess TransCanada had enough political backing to ensure that the landowners would be forced to hand over their land. I can imagine how these landowners feel. I deplore the use of eminent domain to force private individuals to hand over their land to other private concerns. It's unamerican.

TransCanada has also threatened our government with another pipeline to their west coast, where ships from the Orient will be glad to load this corrosive oil to haul it to the nearest heavy petroleum refinery. I'm sure the people of that beautiful coast will be glad to get this business and will be confident that no spills will ever occur.

Since I'm not one to criticize without offering a solution: How about TransCanada building a refinery up by where the tar sands are and refining this corrosive crude right there and then selling us the gas and diesel? Sounds like a plan to me.




Dorothy Prater Niemi February 2012

Tuesday, January 31, 2012

Primary Elections and Reform Ideas

                                          Mojave County, Arizona, USA

The latest presidential race is unique in the number of 'debates' among the candidates, the power of the press and the growing power of the internet. However, it appears that the respective major parties are still in the predigital age.


The primary process is outdated and in need of overhaul, as are the east coast based party systems. During a recent expose' on the Dylan Ratigan Show about demands made on freshmen legislators to donate to the party on a consistent basis, I came to realize that the legislators should be in Washington D.C. to do their jobs, not fundraise from among the lobbyists present. Perhaps this party money in both parties is too much concentrated in one place, from my perspective out here in Arizona. These financial demands encourage legislators to take the easy way out and take lobby money and perks in return for favorable votes. Party money is then allotted to 'strategic' races across the nation. These 'strategic' races are coveted endorsements that produce cash for the candidate, like an out of state windfall that influences local elections.

Powerful individuals within the parties should not be making donation demands on legislators, nor should legislators be required to spend any time fundraising when on the job. A ban on lobbying and fundraising while in session needs to be instituted. No lobbying and fundraising in Washington D.C. should ultimately be the goal, as the halls of government should be free of special interests at all times.

Lobbyists are a chronic problem. Banning lobbying activities for the duration of the session is necessary to clear the halls and permit honest discourse without lobbyists interpretations and interference. Registered lobbyists should be required to wear badges that states the employer and the name of the individual, in order to remind and inform legislators and the public that these people are not their friends: they are hired to do a job on you for their employers. When a certain high politician talked about not running for another term, she evidently felt beholden to her donors to run again, not her constituents, her donors!

Term limits is another issue. Some long term legislators are unresponsive to their constituents because the lobbyists and donors become more important to their lifestyle. As long as big donated money and expensive media advertising dominates the voters, the politician can be voted in even though the overall voting record may not benefit the constituents, or even the nation. An argument can be made that term limits would enable the 'hired' people to run the government, but I suggest that study sessions on the issues and the legislation be made mandatory for voting members. Just the facts. Legislators need to study and learn about the issues, not spend their time in Washington attending fundraisers put on by vested interests. The national health insurance reform bill was not even read by most of those voting on it. That's ridiculous and decadent.

Money is greasing the system and those with money don't want the system changed. I think the moneyed class should admit that they found ways to control the economic system to their advantage but they also created the tea party and the occupiers and jobless college graduates. Riots and arrests in Oakland. Squatters in D.C. and a much heralded jobless recovery. What next? Financial control of the pundits on TV until the American people have only two candidates, both of which represent the groups gaming the capitalistic system? Business as usual, including the jobless recovery. And let's throw in some austerity in order to pay for the debts the politicians ran up with impunity. Give the schmucks easy credit using tax money so my associates can access the tax money using a property only worth a fraction of the price charged. Is capitalism now to be defined as access to tax money?

It's easy to create a game you can win when you control the players. The only problem is that capitalism is not really a game, but is a survival mechanism for our species created over eons of history. Creating a way to manipulate capitalism for short term gain of money and power is relatively easy compared to the task of maintaining capitalism in the face of declining availability of commodities per person due to the high population growth rates. Looting the system by creating new imaginary 'products' that the peons can't begin to understand, but that money managers are all too quick to invest money in, was hugely successful for a pitiful few gaming the system. With housing values down to a more manageable level, the disparities between existing mortgage values and new mortgages is actually growing, down some 45% here in Tucson, down 1% in 2011. Perhaps the perpetrators of the derivatives and mortgage securities frauds weren't so smart after all. Why did our legislators go for deregulation of the controls put into effect after the fall of 1929 and the Great Depression? Those who are not studious end up stupid and greedy. It's time to clean house, folks.

Back to reform of the primary electoral system. It appears that the nominee is always decided back east with a palliative thrown in by the Midwest. In the early primaries, the candidates don't run in the west or even the Texas powerhouse. According to the pundits, the primary will be decided in Florida and they have the winner all picked out by the polls for us. Voters in Texas, Arizona and California and Oregon have no vote, according to these pundits because all the money required to 'win' will exhaust the poor candidates while allowing the rich to shine. Yuk. I know this was not the intent of our founders. I'm sick of these people telling the viewers how the debates went, who won, what their latest unsubstantiated poll says and discussing ad nauseum the private lives of some of the candidates. The other night I watched a controversial issue discussed by three people, all of whom agreed. That's not journalism, that's manipulation and propaganda. So what are the credentials of the Media Judges? I think some are using the power of the media to influence elections.

True reform needs to happen. I suggest that the Primary begin in New Hampshire, then moves to Nevada, then to Georgia, then to Iowa and so on, representing all areas of the country in the early primaries, instead of all of them concentrated in the Eastern Seaboard. Let's have a Mexican border state represented also. How about a super Tuesday with several states from around the country to start it off? The primary is not fair to the rest of the states and regions.

To continue the meaning of true reform, campaign spending must be linked to the population of the state: no more than X amount per voter can be spent, and make the amount modest. If a business chooses to unilaterally support a candidate in ads, then the business and CEO must be identified in the ad. No more PACS. Limited campaign spending and more concentration on real issues needs to happen.

I liked the 'debates', although some were better than others. The debates that were actually debates, instead of the candidates answering different questions, were more fun but the questions allowed the candidates to express themselves, albeit in a tightly controlled manner. I liked the exposure to public view but saw that the glib candidates had a huge advantage over the others. I'm not sure glibness is the quality we need in a president. Studious intellect is sometimes not so immediately vocal. I think the future campaigns will be even more visual and more data will be available on the internet. Effective political campaigns waged on the internet are low cost and accessible, a level playing field, as it were.

The pundits on TV bother me because they are so sure of themselves and are usually unknown people with questionable credentials to critique the actions of others. Everyone has an opinion, of course, but the ceaseless self assured statements concerning the candidates 'performance' wear thin as they become an obvious attempt to influence public opinion. I really don't care what Miss X thinks of any candidate's 'performance' and I'm tired of this kind of 'reporting' instead of factual news. Miss X's opinion is a waste of my time and is deceptive as to value from the time spend on it. Give me some real information like a voting record analysis, speech clips concerning health care, tax records analysis and other relevant information concerning the candidate. I think it is interesting that the establishment candidates are the favored ones, with the reform candidates receiving bad ratings and reviews by the self appointed experts among most of the media. The media benefits from the campaign spending.

Campaign spending needs to be limited in order to save Democracy. The Internet must not be limited for it is the medium of free speech and will play a crucial role in future elections, giving power to the people to search for facts without a media filter.


Friday, January 13, 2012

Rep. Debbie Wasserman Schultz and the Tea Party


                                         San Xavier Mission near Tucson Arizona


The Meaning of Civility


Rep. Debbie Wasserman Schultz expressed the possibility that the Tea Party might be responsible for the lack of civility she perceives. Perhaps the 'incivility' grew out of financial frustration with the massive ripoffs that occurred during the financial crisis. The Tea Party is a symptom of the same problem that created the Occupiers.  The Tea Party is a sympton, not the cause. 


Please, Rep. Schultz, listen that the assailant was a known nut case in town that some perceptive people knew was dangerous. In response to a legal problem, the assailant was said to have received mental health treatment, but I do not know if any follow ups or treatment took place. The assailant has been declared insane.

What is actually uncivil is to convince a buyer they can afford a property, set the debt up in a way that you know they will fail, and to sell the mortgages generated this way to somebody far far away who then resells them as AAA securities to the unwary investor. Who does this leave angry and frustrated?

• All who lost their property through foreclosure

• The investors who bought the securities while their brokers bought insurance on the failure of the same securities, payable to the broker, not the investor.

• Anybody who had money in funds affected by mortgage derivatives

• Any investor who lost money

• Construction workers who lost their jobs

• Laid off workers in construction related industries

• Property owners with upside down mortgages

• Job seekers

• Students with debt and no job prospects

• Voters who oppose bailouts

• Can you think of anybody else?

I define civility in public life as the behavior that is produced from fairness, transparency, honesty and a moral commitment to keep free enterprise going in such a way that perpetuates the system, instead of gaming the system. I define civility as a respect for law intended to keep people safe and perpetuate the system, not wealthy individuals controlling what law is produced and profiting from their control. Face to face civility tends to become less important when your family is evicted and you can't find a job. Face to face civility is comfortable, but should not be a shroud for wrongdoings and a reckless disregard for future consequences beyond immediate profit taking.

Our nation is not a game of chess where the King and his cohorts have all the wealth and the others are dead. Are the honchos really expecting that Americans can all compete among themselves for a portion of the 1% allotted to them through the legal process of public debt, foreclosure and taxes? Sickening terms like 'jobless recovery' float from the mouths of politicians and financiers while they deal in 'jobless securities and insurance', gambling amongst themselves while the 99% become restive and maybe a little uncivil.


Sunday, January 01, 2012

New Year's Resolutions I Wish the Media Would Make


Here it be Resolved:



That editorialists and reporters are identified.


That every time a blooper is shown, they must show one of their own.


That news readers may not slant news or give their opinion.


That the bimboid look on the part of newscasters be entirely voluntary.


That the candidates be given equal time.


That the pollsters must post their own accuracy stats when quoted.


That the duty of the media is to inform the public of facts.


That it is not the duty of the press to influence elections.


That the media can assist with the problem solving needed today.


That the media can produce more mini documentaries based on facts related to problems.



This is not a negative critique of the media. I appreciate all the money and time spent producing programming to inform and entertain and attract the audience. I spend time watching news shows and I learn and observe more every day. It is a wonderful opportunity for everyone.

However, a few canyons are created in credibility by some practices on the part of media. I get tired of the barracuda partisanship of some editorialists who act like what they emphasize is hard news. Financial problems loom and a possible global economic reorganization could be in progress. Disparate elements of the political system need to work together to solve problems. Ridicule of a political figure who could become important is short sighted and demeaning to our political system.

The question of the status of women arises when the bimboid look appears to be a requirement on some news shows. I'd like to see the males showing as much skin as the females, all in the name of equality. Would the male's credibility be strained by their attire if they showed that much skin? The spectacle of a woman in a skin tight, thigh high dress sitting with her legs tightly crossed, attempting to report news defies common sense. How can you be taken seriously when your buttocks are visible?

The political candidates are a whole another story. I get tired of endless emotional analysis of the candidates. Analysis should be limited to actual data like voting record and other verifiable information. I feel sorry for some of the candidates who were subjected to yellow journalism rather than rational analysis. Endless reruns of bloopers and salacious news is not only boring but wastes valuable time that could be spent on important stories. It takes tremendous courage to run for office. The candidates deserve respect.

Lastly, lest we be blown to smithereens, let's talk about the specter of nuclear war. It appears that some in the media are warmongering and talking about WMD again. I think it is time to face the reality that everybody is going to eventually have a nuclear capacity. What if a nation thought not to have a nuclear weapon did in fact have one and when attacked, might use it? Nobody knows everything about everything and to warmonger is irresponsible. At least produce a pro and con debate instead of the one sided pro war stance. The consequences of more war for this nation are bankruptcy and insolvency and debt slavery.

Anyway, thanks to the media for all that they do. I'm just glad we have the internet as an alternative source of information.




                                                     Happy New Year!







Saturday, December 24, 2011

Fannie and Freddie Scam

Fannie and Freddie were formed to assist in home ownership for citizens. Their mission was to increase homeownership through responsible lending. Note that I said responsible lending.


Since this mission was subverted, the mission of Fannie and Freddie became to create as many mortgage securities as possible and resell them rapidly. The mission of increasing homeownership became the excuse for the behavior that led to the subprime mortgage and bogus mortgage securities scheme.

It's like they said one thing to get approval, but the real motivation was different. Responsible homeownership includes making a payment if one exists. Getting people in homes for a few months or years and then foreclosure and then reselling the appreciated homes was the scheme, while the mortgage derivatives were worth more than the actual worth of the houses they were based on. Foreclosures only became a problem when houses stopped appreciating because the loan money dried up, because the problem with worthless mortgage derivatives had become apparent. It was quick money for a few, however.

It's interesting that anybody who did a short sale cannot get a loan for years, but the house they purchased after an appraisal was not worth what they paid, not then and not now. It was not like you could choose; all prices were sky high and if you wanted or needed to buy a house, you had to pay. The punishment of misled homebuyers is quite a phenomenon.

I would like to see a list of names and positions of those who originated the mortgage derivatives schemes and who are perpetuating them. Mr. Geithner, Mr. Paulson, Mr. Bernanke, and private sector people will probably be on the list. Is Federal Reserve money being used to purchase mortgage derivatives?

Since executives at Fannie and Freddie are rewarded with bonuses if they obtained a larger market share, that is apparently why the chief executives received some $12 million in bonuses, even though they are demanding billions in tax money to fund their deficit spending. I think Fannie and Freddie have 78% of the market share in housing loans now, which is a significant increase. What is wrong with this picture? This is deliberate direct competition with the private market in origination of more mortgage securities, which is the apparent prime goal of Fannie and Freddie. The people these government organizations are supposed to serve are forgotten or used as pawns in order to create more mortgage derivatives.

Obtaining a bigger market share? That was not the mission. Why are chief executives being rewarded for capturing a larger market share? How about paying the executives to do their job and no bonuses? Bonuses are being used by somebody making policy to direct the course of events, which has proven to be a bankrupt way to manage home loans. We need a comprehensive policy statement in Fannie and Freddie that states loans to institutions can be made if they loan it out to deserving homebuyers and that the mortgages originating from those loans will be serviced by those originating those loans. Responsible lending would immediately result, but of course the profits are modest.

I think mortgage derivatives should be relegated to casino bets and the institutions Fannie and Freddie and all their contacts should be disbanded. If a new government institution is created to 'help' homebuyers, no derivatives should be allowed.

It looks like foreclosures are up and I do appreciate the efforts of the law to recoup losses by forcing buybacks of delinquent mortgages packaged as wonderful investments by crooked rating agencies. The inflation in home prices was encouraged because the number of loans increased due to the dropping of lending standards. "If you could fog a mirror, you could get a mortgage", I was told. If they had stopped the scam with those who actually qualified for a mortgage, the foreclosures would have been within norms, but they had to have more mortgages to fuel their scam, so they just handed them out like popcorn to pigeons. Anything to keep the number of mortgages up so more mortgage derivatives could be sold. I knew people who would buy several houses at once and flip them 2-3 months later for tens of thousands more than they paid.

This inflation hit the consumer hard but the immediate effects were softened by various mortgage schemes that focused on the immediate payment the buyer would pay, rather than devious adjustable rate mortgages, interest only for a few years and other schemes designed to keep the payment low for a while, then escalating the payment to a level the buyer could not afford. Since by then there were no homes for sale the buyer could actually afford, these schemes became attractive since the buyers were assured their homes would continue to rise in value. Of course, that trajectory was unsustainable but what did the average schmo know?

It's amazing to me that the federal government is operating an agency that has as policy capturing a larger market share from the private enterprise market. The executives are awarded bonuses on the basis of market share statistics, rather than success in the mission to provide housing opportunities for the responsible buyer.

I suggest a review of the policies surrounding these 'bonuses', who wrote them and why and the consequences of encouraging particular courses of action without heed to future consequences.

Saturday, November 12, 2011

Football Cult

This football scandal tops them all. Graphic details zoom around the world and it looks like the pagan worshipers of a sport have ignored feet of clay on their idol while the gold they worshipped filled their eager hands. The Golden Calf rules over the pagans who put more belief in their obsession than in moral certitude.


What disturbs about this scenario is the dubious value to the countless children who have been indoctrinated to believe that success at football is equitable with your value in the world. See a vision of a child's future that is defined by a sport that requires large size to succeed at the moneymaking trough narrows the field in that child's mind. What has happened to our moral fabric when a moneymaking game takes precedence over the students and the populace? They kept their insular trip going as long as they could.

The public schools and sports should be separated. Let the municipalities handle competitive sports while the schools teach academics and health for life. Profits from the competitive sports would help fund the schools and the municipalities. The competitive sports programs should be open to all on 8-12 grade level, with subsidized bus passes to the programs. Grade performance guidelines would apply to eligibility. Tutoring would be offered on site.

We are told that our local university funds other sports programs from football and basketball proceeds, yet contributions to the academic program lean towards getting instructors fired for giving bad grades to players or having special classes for the players, instead of them becoming a part of the university community and attending normal class. Our local athletic director has stated he will raise the graduation rate of the players, which has been abysmal under the recently retired long time coach. The hangers-on who suck a living out of the sports programs using the university name don't even bother to bolster up academics. It's all about money first and sports second .

Look at the Fiesta Bowl scandal. Free trips for state legislators, free tickets and free hotel rooms and meals, all to obtain influence and cooperation on key legislation that benefits their scheme. So the head of the Fiesta Bowl has access to all this money, which he spends on trips and freebies for himself, when the educational institutions represented get little cut out of all this lucrative action. I'm talking academics here: all that strange stuff like mathematics and the sciences and liberal arts, and the like. Most of that profit should be diverted into funding academics instead of puffing up the pay of the dealmakers and giving freebies to lawmakers .

The moral failure of the 'football leadership' did not live up to the hype fed children through the public schools and universities. Pressure applied by how many people resulted in a cover up that damages the students and the standing of the institution? Who participated in the cover-up? Who should go to jail for putting selfish interests ahead of right and wrong? Who would be better off today if they had stood fast and reported the truth until somebody actually heard it?