Saturday, June 16, 2012

Things to Know - 17 June

Jeff Danziger
1.  Bill Moyers on Super Pacs.  How they work, how it is done, and who's in on it.   All you need is at least $100,000.  No problema:

2.  Do we really know what the Wall Street definition of "derivatives" actually means, and what they are?   So much talk out there, but probably nowhere near the understanding of it and what it means to our economic system.   I am a certified member of a credit union, and have been for over 40 years.  We bought our home in California using the credit union.   Knowing what this particular article points out about the banks that are "too big to fail" I would never put my money into any one of them. In fact, I can see why the worst thing that ever happened to our economic sanity is when banks were allowed to become for both investment as well as commercial institutions.   Check this out, and you will see that investment banks do nothing to add jobs or help build a community.  Investment banks are nothing more than gambling on the price of something in the future (gambling!).  If the gamble does not pay off like it was intended, a loss is the consequence.  Why should the federal government (you and me) cover bad gambling debts under the aegis of the FDIC?   Put Glass-Steagall back, and keep commercial banks free from fuzzy investments:

3.  If your name is Russell Pearce, and you are an Arizona legislator hell-bent on alienating the Mexican community by proposing and instituting rules to prevent the teaching of ethnic history in the Barrios and doing all you can to put down the Brown people, don't expect them to let you host a political fund raiser in their restaurants or other public venues:

4.  Here's another ploy used by employers in Wisconsin - hire an immigrant work force, abuse them, and when they makes moves to organize into a union to seek solidarity and a redress of grievances, and then .....use threats of reporting them to ICE for deportation to keep them in line.  This type of stuff would be done in agricultural fields and sweat shops in California, but they actually did call in ICE just before payday.....and the workers would be hauled off:

5. Barack Obama in the words of others who were close to him and observed him in his developing years from Occidental College, through Columbia, finding and defining himself as he entered the world:

6.  While the attention is on the immigration issue, Marco Rubio has been brought up.  This article points out his highlights as "myths", and then supports or redefines them:

7.  This article concerns the state of Alabama.  Well, it really does not concern the state, since they really do not care.  They got it wrong the first time, and after 50 years, they still do it wrong.  It is work and reputations like this that prevent this country from being the United States of this place and a few others, means that we will just have to settle for the states of america:

8.  Another thing that we got wrong first time was Prohibition.  We corrected that, and much of the undesirable associated fixtures disappeared.  Now, we have our "War on Drugs", and yup, we got that all wrong too.   Steve Lopez speaks with an LAPD officer who was buried in the war for 20 years, and is convinced we are on the wrong track, and things have to change:

9.  Doyle McManus comes through with an op-ed that supports the prevailing stream of columns; Obama has a thorn in his side with a crappy economy, but Romney is just one dude that people find it hard to like.   I guess billions of dollars of negative ads by Super Pacs will be spent to make him more appealing...ya think?:

"I'm not a real movie star. I've still got the same wife I started out with twenty-eight years ago."
       -- Will Rogers
"I have read your book and much like it." 
       -- Moses Hadas
"You can be a rank insider as well as a rank outsider." 
       -- Robert Frost
"I have often depended on the blindness of strangers." 
       -- Adrienne E. Gusoff
"A citizen of America will cross the ocean to fight for democracy, but won't cross the street to vote in a national election." 
       -- Bill Vaughan

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