Tuesday, January 27, 2009
Columbia Gas Logic
In an effort to save money and energy, consumers turn down their thermostats and make other energy-saving concessions. But then Columbia Gas is selling less gas and is making less money. So what happens? Columbia Gas raises their rates. Face it consumers, we have to pay the animal its pound of flesh each day, no matter the sacrifices we might make.
Monday, January 26, 2009
Is the Catholic Church Becoming Less "catholic"?
The New York Times over the weekend observed: "A theologian resigned to the church's diminished status in a secular world, Pope Benedict has favored a smaller church of more ardent believers over a larger one with looser faith." To most of us, that means he is trying to downsize, become more insular, more fundalmentalist, and less "catholic."
This NYT observation followed Pope Benedict XVI's decision to revoke the excommunications of four bishops involved in the schism of a French archbishop, Marcel Lefebvre, who in 1970 protested against the reforms of the Second Vatican Council. In 1988 Lefebvre "consecrated" four men bishops. Pope John Paul II promptly excommunicated all five of them. In the meantime, Lefebvre passed away, but last week Pope Benedict decided to revoke the excommunications, apparently in an attempt to bring the far-right, fundalmentalists back into the folds of the church.
Although that action in itself raises many questions, the inclusion of Richard Williamson, a British born cleric who recently said he did not believe that 6 million Jews died in the Nazi gas chambers, has infuriated many Catholics, not to mention Jewish groups around the world.
And that brings to mind that in 2006 Pope Benedict offended Muslims around the world by quoting a medieval scholar who called Islam "evil and inhuman."
This papal willingness to offend Jews and Muslims while at the same time encouraging the fundalmentalist, right-wing aspects of the Church will in fact drive away large numbers of mainstream Catholics.
The word "catholic" has always meant--and I quote Webster's Unabridged Dictionary--"universal; general; all inclusive; liberal; not narrow-minded..." Now we have a pope who welcomes the so-called "traditionalists" into the fold although such action excludes the attitudes of the mainstream--the core of the Church who celebrated the Second Vatican Council; a pope who is comfortable insulting Jews by exonerating Richard Williamson; and a pope who in 2006 insulted the Muslim Faith. If he in truth is trying to create a smaller, more insular, fundalmentalist church, he is making the right moves, but he should stop referring to it as the "catholic" church. His church is not "catholic." His church is not "universal; general; all-inclusive; liberal; not-narrow-minded..."
In Boston, Toledo, and in dioceses all across the US, the Catholic hierarchy is closing parish after parish to raise money ( perhaps to offset the lawsuits resulting from the crimes of pedophilic priests). The disinfranchised parishoners who have supported these parishes for years are questioning how "catholic" the church of Pope Benedict really is. Such down-sizing is not in the tradition of the Catholic Church or in the spirit of true "catholicism."
Food Safety
Why has our government decreased the number of food inspectors in the last twenty years? Why have the cases of serious food contamination---beef, spinach, chicken, and now peanut butter---increased the last twenty years?
Friday, January 23, 2009
Sandy
We both like to travel, and we both enjoy coming home afterward. Hilton Head Island feels like our second home since we end up there at least once or twice a year. But our favorite place of all is our own back porch. In spring, summer, and fall, weather permitting, we spend our time together there--even eating our meals there.
We both enjoy tennis and golf. In the winter, now that our bodies rebel against cold weather, we frequently play golf or bowl a few frames on Nintendo Wii. But I must admit, Sandy misses the "real" thing-- the game version does not allow her to take her famous "do-overs."
We both like to write, and of course, to read, and to share what we read. One of the things we don't share is Sandy's fondness for and skill at painting--whether on canvas or glass.
We both like to write, and of course, to read, and to share what we read. One of the things we don't share is Sandy's fondness for and skill at painting--whether on canvas or glass. In the evenings, we have been known to celebrate "happy hour" with a martini while we solve the world's problems. It's amazing that a martini can generate so much wisdom. (We think Barack Obama should serve martinis during his cabinet meetings to tap in on that huge reservior of wisdom.) Although Sandy devours the New York Times, does crossword and sudoku puzzles, knits caps, scarves and sweaters, her forte is cooking. Her Cajun grandfather taught her at a very early age, and she has been developing her repertoire ever since. She enjoys finding and "tweaking" a great recipe more than winning the lottery. Family and friends all agree, she is an excllent cook--I would say, chef, but she would take exception to that.
All these things being said, she is first and foremost a loving mother and grandmother. She is elated when the children and grandchildren are happy; she is devastated when they are experiencing a "tough patch."
Whose Recession?
I understand that Rush Limbaugh, even before the inauguration, was referring to our present economic disaster as "Obama's Recession." What world does he live in? Is he still taking those pain-killers? The Crawford Cowboy inherited a balanced budget and then in eight years time spent 1.7 trillion dollars and kicked other costs down the road to be paid later. As with the other Bush mistakes, he and his crony, Rush, do not want to accept responibilty for their actions.
Sunday, January 18, 2009
Adam & Papa Ron
Born Again American
Bill Moyer's Journal on PBS (1/15/09) made reference to Norman Lear's attempt to encourage Americans to reread the Decalaration of Independence---our nation's birth certificate--and recommit to its principles.
In that context, the show provided a few clips of a song written by Kieth Carradine, Born Again American, sung by a variety of musicians across the Country. It apparently will be featured at various Inauguration activities.
If you would like to listen, go to: www.bornagainamerican.org
In that context, the show provided a few clips of a song written by Kieth Carradine, Born Again American, sung by a variety of musicians across the Country. It apparently will be featured at various Inauguration activities.
If you would like to listen, go to: www.bornagainamerican.org
What Wall St. Hath Wrought?
With the exit of the Bush Adminisration and the near collapse of the US economy, perhaps we can ring the death knell for laissez faire capitalism once and for all.
The Wall St. geniuses, in all their wisdom, told us, the unwashed public, that greed is good and the competing forces of greed will hold each other in check. Let's examine what unfettered capitalism hath wrought.
#1. The Home Mortage Collapse: Wall St. and the investment banks had an abundance of investors with a large pool of cash. The Treasury was paying one per cent--not an enticing prospect for that money. Meanwhile, the average home mortage was generating 5 to 7 per cent--a much more desirable return for the investor. The geniuses devised a method of making the home mortages available to "the large pool of money." From the local bamks around the country, they bought up home mortages, combined them, and sold parts of the resulting whole around the world. Great. Investors had a good, steady return on their money, and as more money became available, more and more people could find low-interest and no down payment loans. This created a demand for more home construction. And the rest is history. Once the house of cards started to fall, the whole structure collapsed and the investment community was holding stacks of "toxic" paper.
The Bush Administration, meanwhile, did not want government regulators interferring. One of their cheif economic advisers said: free markets will regulate themselves; the best thing government can do is to get out of the way.
#2. The Credit Crisis & Collapse of Financial Institutions: Even during the actual implosion of the housing market, free-market capitalists both inside and outside the administration were telling us that the economy is sound. Candidate John McCain was still reassuring us in the summer of 2008 as investment banks and brokerage firms were in melt-down mode. As a result, banks could not trust each other because no one could be certain as to any bank's level of toxicity. Needless to say, the credit sources locked their vaults.
#3. The Inflated Cost of Gasoline: Not surprisingly, when the cost of gasoline went over $4 a gallon, the cost of everything from food to airline tickets increased. When congress questioned the big-oil company executives and Wall St. geniuses to explain this unrealistic spike, they were told that it was the result of "supply and demand"--a natural phenomenon in free markets. But now we know that they were throwing up a smoke screen. In fact, prices were increasing at the same time demand was decreasing and supply was increasing. So what was causing this unrealistic increase? We now have learned it was speculation in the futures market--another sector of the economy that had been deregulated!
#4. The Bernard Madoff Scandal: As we have learned, he was able to operate a 50 billion-dollar scam right under the nose of the SEC which investigated him on two occasions and found no problem. When investors and charities lose 50 billion dollars, most of us wonder how this can happen in 2008 in the United States--this is not the wild west in gold-rush days or some former USSR country struggling with getting democracy right. You would have thought that the deregulators in the Bush administraton and the Wall St. gurus would have been embarrassed by this rip-off. No, not at all. It was the investor's fault; they should have been more vigilant! (It's the "Cheney Defense." Rember the time he was hunting with a friend and shot him in the face with his shotgun. It was not Cheney's fault; it was the fault of the victim. He was standing too close to "Quick Draw" Cheney). The deregulators in the administration and the SEC apparently found it inappropriate to examine how he was able to pay returns significantly above those of legitimate companies.
Perhaps when Presidents Carter and Reagan began the era of deregulation, it was appropriate; but it is now quite clear that it has gone too far. Unregulated capitalism does not work. When the Europeans pointed this out to us, we scoffed. Let's hope with a new administration, our country get's it right and strikes "a happy balance."
The Wall St. geniuses, in all their wisdom, told us, the unwashed public, that greed is good and the competing forces of greed will hold each other in check. Let's examine what unfettered capitalism hath wrought.
#1. The Home Mortage Collapse: Wall St. and the investment banks had an abundance of investors with a large pool of cash. The Treasury was paying one per cent--not an enticing prospect for that money. Meanwhile, the average home mortage was generating 5 to 7 per cent--a much more desirable return for the investor. The geniuses devised a method of making the home mortages available to "the large pool of money." From the local bamks around the country, they bought up home mortages, combined them, and sold parts of the resulting whole around the world. Great. Investors had a good, steady return on their money, and as more money became available, more and more people could find low-interest and no down payment loans. This created a demand for more home construction. And the rest is history. Once the house of cards started to fall, the whole structure collapsed and the investment community was holding stacks of "toxic" paper.
The Bush Administration, meanwhile, did not want government regulators interferring. One of their cheif economic advisers said: free markets will regulate themselves; the best thing government can do is to get out of the way.
#2. The Credit Crisis & Collapse of Financial Institutions: Even during the actual implosion of the housing market, free-market capitalists both inside and outside the administration were telling us that the economy is sound. Candidate John McCain was still reassuring us in the summer of 2008 as investment banks and brokerage firms were in melt-down mode. As a result, banks could not trust each other because no one could be certain as to any bank's level of toxicity. Needless to say, the credit sources locked their vaults.
#3. The Inflated Cost of Gasoline: Not surprisingly, when the cost of gasoline went over $4 a gallon, the cost of everything from food to airline tickets increased. When congress questioned the big-oil company executives and Wall St. geniuses to explain this unrealistic spike, they were told that it was the result of "supply and demand"--a natural phenomenon in free markets. But now we know that they were throwing up a smoke screen. In fact, prices were increasing at the same time demand was decreasing and supply was increasing. So what was causing this unrealistic increase? We now have learned it was speculation in the futures market--another sector of the economy that had been deregulated!
#4. The Bernard Madoff Scandal: As we have learned, he was able to operate a 50 billion-dollar scam right under the nose of the SEC which investigated him on two occasions and found no problem. When investors and charities lose 50 billion dollars, most of us wonder how this can happen in 2008 in the United States--this is not the wild west in gold-rush days or some former USSR country struggling with getting democracy right. You would have thought that the deregulators in the Bush administraton and the Wall St. gurus would have been embarrassed by this rip-off. No, not at all. It was the investor's fault; they should have been more vigilant! (It's the "Cheney Defense." Rember the time he was hunting with a friend and shot him in the face with his shotgun. It was not Cheney's fault; it was the fault of the victim. He was standing too close to "Quick Draw" Cheney). The deregulators in the administration and the SEC apparently found it inappropriate to examine how he was able to pay returns significantly above those of legitimate companies.
Perhaps when Presidents Carter and Reagan began the era of deregulation, it was appropriate; but it is now quite clear that it has gone too far. Unregulated capitalism does not work. When the Europeans pointed this out to us, we scoffed. Let's hope with a new administration, our country get's it right and strikes "a happy balance."
Saturday, January 17, 2009
Bush Quotes
As he leaves the oval office, I must recall my 2 favorite George Bush quotations:
"The future will be tomorrow."
"If we don't succeed, we run the risk of failure."
And some question whether he was one of the duller knives in the drawer.
"The future will be tomorrow."
"If we don't succeed, we run the risk of failure."
And some question whether he was one of the duller knives in the drawer.
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