Showing posts with label ECONOMY. Show all posts
Showing posts with label ECONOMY. Show all posts

Friday, November 11, 2011

Gift-mas has arrived at the Danbury Mall






Oh come on! It's not even Thanksgiving yet!  Halloween is barely over and Santa is red-clad and ready for sales! He's already frightening shy children at the mall, and taking wish lists as the stores hope for some business after a quite few years of bleak. This child looked a bit reluctant to even look at Santa. These photos were taken yesterday, November 10th. This is surely the earliest sighting I can recall.  The mall however, despite seasonal decor, was pretty empty, and this was the only visitor for Santa, there was no line. Maybe he was a test run.....


Friday, November 4, 2011

We need a Constitutional Amendment:


Let's amend the constitution:

PROPOSED AMENDMENT: Pay and benefits for the elected legislative branch must be set once a decade by national referendum. There shall be no interim raises, no government funded healthcare, and most especially > no retirement plans for elected or appointed congressmen and senators unless they have served in office for 20 years.

What do you think - can we get it passed in 50 states?

We need to invert the power distribution in this country. Siphon it off from our egomanical congress and senate and take it to ourselves via NATIONAL REFERENDUM!!!

Friday, September 30, 2011

POEM: The Situation


The situation


1
Forget the map
I don't want your location
and I already know where I stand

2
No high heels
Table dancing is out for now
I won't break my neck for your amusement

3
I'm done auditioning
pouring out my depth
You say it's the best ever, but I don't look the part

4
Finally, polite subservience is over rated too
I no longer care about your orders
or your wishes, I can't be bothered
imagining you have my welfare at heart

5
Job applications?
I am too complicated, odd and old
for the inhuman resource raptors to approve
and I can no longer hide my amusement
when contemplating where I'll be in 5 years


      --- Mar (Mistryel) Walker

Saturday, June 19, 2010

Hospital cost containment leaves people barefoot with bad breath

At a hospital nearby the new patient's automatic package of freebies apparently has been cut  and I applaud this cost saving measure.  Or maybe they just ran out?

The requisite plastic basin, bedpan, cups, kidney dishes all in hideous matching pink, etc were a useless recycling nightmare.  But there are some notable and useful exceptions ->>>  toothpaste, toothbrushes, and those nonskid slippersocks

When a relative of mine was there this week, she and her various roommates were asked to walk barefoot on hospital floors. After her second night in the hospital she asked for a third time for a pair because her feet were cold and was finally given one. We would have brought slippers in - if we had only been told this was no longer a policy to distribute nonskid slipper-socks to all patients.

In the hospital people leak and staff steps in it. People bleed, puke, have diarrhea, urinate, ooze all sorts of pus which is dabbed at which things that wind up on the floor. Relatives also track in stuff from the street to mix with all of this. Walking barefoot, even on a freshly mopped hospital floor is nuts. (Have you ever looked in a mop  bucket?)  Of course maybe the socks just hold icky stuff close to your feet and carry it into bed with you. No rationale for or against the socks was given.

In addition she went two days without brushing her teeth - we would have gladly provided a brush and paste if we only knew the hospital no longer did.  Dear local hospital -- if you are not going to provide these items - we understand ---BUT YOU NEED TO TELL PEOPLE. Or maybe if she had asked these would have been forthcoming as well. Maybe this is the Don't Ask, Don't Get policy. Fair enough. Just tell us.  Of course some things you ask for and do not get. My relative, whose chart contains a whole era of syncope due to dehydration, asked six times for  water until she got some. This might be the result of understaffing.... But it is a problem....

There were other changes from my relatives multiple previous visits over the last ten years. The method of re-situating people in a hospital bed has changed.  There used to be an extra sheet under the torso, nurses could each grab a side and heave without touching the patient. They have reverted to dragging them by the armpits and asking them to hitch up while pushing - which is sort of futile without nonskid slipper socks.  Another reason to keep the socks. I guess the extra linen was too expensive.

Something happened that has never happened before to us in many life-saving trips - a near miss at a wrong IV treatment.  A person appeared at my relatives bedside early in the morning and said "I have your sugar."  This is my relative who cannot take statins and whose triglycderides are already stellar.  My relative who is not diabetic.  If she hadn't been awake and alert  or hadn't the presense of mind to argue that she didn't get sugar and had never had it before - the drip would have been attached to the pre-installed just-in-case IV Shunt.  No name checking, no order checking, just fill -er up and hurry off to the next mistake.

Another thing was going on - rooms I noticed were being scrubbed out by people in disposable blue suits.  My relative was not allowed to use the bathroom in the second room she was in (which is why she was asking for water)  --  and she believes that was because the rooms other occupant was contagious and was already using it.   The doctors who visited this patient spoke to her with masks on....  One can only imagine-  and still they were all walking barefoot.  It makes you wonder for sure.

I will give kudus for niceness. People were very pleasant.  And to the transport people who repeatedly asked for names and dates of birth to make sure they were wisking away the right patient. Of course this is academic for me, as this hospital which is a three minute drive from where I live will not take my Charter Oak Insuranse. I have to drive to Waterbury, Hartford or New Haven. After this recent encounter -  I don't really mind.

Friday, March 5, 2010

Securities commission goes after "psychic" investment counselor forfraud

Some things are just too far out to be believed. Yet always someone believes them.....   Here is a link to a story on a National Public Radio blog, about the Securities and Exchange Commission (SEC) going after a self-declared "psychic" investment advisor for fraud.

http://www.npr.org/blogs/money/2010/03/sec_sues_psychic_for_securitie.html

Saturday, June 20, 2009

POEM: Lady Liberty Gives Her Report


Liberty's report


I am moon to this loud sea.
Chaos or collusion -
the tide’s drawn out
by me.

From colony to nation,
with woodsmen’s maul and wedge
you divided peculiar powers;
with ink-stained sledge
But I am mirror - honest glass ‘n lead
reflecting your collective head:
freedom to speak and hear
to read any book
to believe or discount
with skeptical looks
freedom to sell and buy
to hawk and whine
freedom to sue anyone, anytime.
Free cruises for congress
on corporate boats
- freedom not to know
- not to vote.
Mr. Hamilton, Mr. Jefferson and I watch
jetsam’s apex and ebb
future flotsam in moonbath,
drunk on the web of tide.
Below, deep, the waters move.
The paper leviathan continually entwine,
create unseen vortices
flee the harpoon’s sting
with lurching expedience.
Indifferent yaghtsmen quaff their conyac.
Speedboaters toss back beer.
Innumerable row boats rise and fall,
bail and steer with hapless oar
while hungry shorebirds
sing and soar
dropping oysters
to salt- stained rocks below.

Bystanders watch for pearls.

copyright 1998 Marjorie M. Walker
(from the Metaphoratorium on http://pages.prodigy.net/mmwalker

Sunday, June 14, 2009

Sentator McConnell implies Ford (F) is DEAD

Unbelievable - this morning on Face the Nation Senator Mitch McConnell very casually implied that Ford Motor Company would cease to exist. (Should we check to see if he is shorting the stock?)
Senator McConnell was discussing health care options when he addressed this matter. He stated that everyone knows that when the government gets involved in private enterprise that it is so big it crowds out all the competition and that soon the competition will cease to exist. As an example of this he gave the auto industry citing the government involvement in GM and Chrysler as creating a big problem for Ford. He cited in particular the government backing for financing of GM and Chrysler cars. He said Ford couldn't complete against the government
If you back track on the reasoning: everyone knows that when the government gets involved in private enterprise that it is so big it crowds out all the competition and that soon the competition will cease to exist. He is saying that Ford will soon cease to exist.

So I guess people will be dumping their Ford stock because according to Senator McConnell, Ford is not going to exist for long...... I happen to think he is wrong in a big way. If I could afford a car, I would consider buying a Ford. It would NOT be advisable to buy stock in Senator McConnell. You could do better.

Thursday, January 15, 2009

Go away Mike Parnell

Stop calling. I am not investing and I don't have any dough. I am not listening to you. It's too late now. Turn off the monthly dial-a-rama and stop usurping the cell minutes on my prepaid tracfone. I'd send back your free book if you guarantee you would stop calling. Although your live sales guys are hard to get rid of on the phone, the auto dial is every bit as irritating.

Ha. I will get a different phone, service and a new number. Good-bye Mike.

Friday, December 12, 2008

Finding a new niche....

Okay for years you were boss.... had an office to go to, people who awaited your judgments and executed them, who held you in respect. Now you are toast, no title, no job, no house. Now what?

One of the things you have to re-invent is the way you relate to other people - and you have to find people to relate to. You cannot sit home glued to Monster.com or Craig's List or the newspaper want ads - all shrinking like a shallow puddle in the afternoon sun. You can not just churn out resumes week after week, accruing rejections like a manic unknown writer.... without beginning to crumble under the lack of interest unless you take steps to reach out in other ways.

Human connection and the esteem and comfort conveyed by it are health giving and life affirming. Feeling you have some utility is important, it's a reason to survive.

So - you need activities that bouy you... stretch your concept of you in relation to others....

First take inventory.... what hobbies have you ever had that others' seemed to appreciate? What free activities can you engage in where other people are present?

WHo do you know who might need help and encouragement? Remember though you are not in a position to offer financial help, anyone can encourage someone else.... anyone can offer a kind word and a listening ear... etc etc





Monday, December 8, 2008

Who are you? Self-definition amid turbulent circumstance

How we define our selves to our selves - this question and this question alone lies at the heart of surviving changes brought on by job loss, foreclosure and turbulent circumstance.

Up to this point you have made meaning in your life with a certain set of thoughts, with a certain focus. But when you lose your job and your home - in a chaotic economy - that focus has to change.

When you lose your job, your home, you also lose contact with colleagues and associates that were bound up in those locations. Your respected place in the scheme of things, in your career, and as a bread-winner and homeowner disappear all in one shot. If these past things are gone - and if they never return - "who am I now?"

To survive, long-answered questions need to be revisited; long-held assumptions need to be re-examined.

Are you really only worth the support your provided to family, the income you generated for your company? Are you more than external titles and an inventory of purchased goods? Are you worth something, as a simple unemployed, foreclosed upon individual? Do you have value as one unique human character in a world cast of billions?

In other words do human beings have any intrinsic worth? If they do, then you do. Can a human being (you) have worth based on what is inside them rather than on what external titles and goods they posses? Certainly we do...

Thursday, December 4, 2008

Simple math -> NO JOB = NO NEW CAR

What drug is clouding the alleged vision of Washington and the Big Three car makers?
Throwing money at the carmakers will not work. PERIOD. Do the math - it's simple math:

NO JOB = NO NEW CAR 

Americans have stopped buying new cars not because of a lack of credit - but because of actual or impending unemployment.....

Thursday, October 16, 2008

GET MAD! AIG's ENORMOUS insurance payouts on Lehman bonds will come dueTuesday!

OK Cramer is a wild sounding guy - but he is so often right.

OCT 21 - next Tuesday is the day "insurance" ie credit default swap payouts on defunct Lehman Brother's bonds are due, according to Mr. Cramerica (Mad Money on CNBC.)  He said AIG is most likely the major underwriter and will have to pony up such enormous amounts of money that it will take what little value is left in the stock.  Once that is gone, the government - ie taxpayers -  us, will be writing big fat checks for AIG to very same hedgefund fat cats that acted together to "short" Lehman into oblivion. 

(Shorting is a bet that a stock will go down - and apparently you don't even need to own or even borrow shares of it - to short them. This is called naked short-selling. Though illegal, this rule was almost never enforced under the corrupt Bush SEC  and its fellow travelers in both houses and both parties in congress...)

According to a piece broadcast on NPR a few weeks ago - the thing that makes no sense and is apparently a fact of business is that "insuring"  bonds with credit default swaps is like fire insurance on STEROIDS.   Say you own a barn. You are the one who can insure it. Not so with bonds.  If a barn were a bond you could "insure" it for its full value and so could an UNLIMITED NUMBER of your closest neighbors.  Naturally they have torches and your barn burns while they stand by fanning the flames. That's what happened to Lehman Brothers, according to Cramer. And he has the contacts to know....

What kind of idiot insurance company would insure the same thing for full value over and over?    An un-regulated one.   They didn't call it insurance, either because insurance IS regulated.   Oh AIG!!     WHY would they do it?   Simple -the cost of credit default swaps  for a bond in the billions,  is in the millions! And they could collect those millions over and over again. And there was no requirement for them to have billions in cash on hand to pay up later.  As long as the barn didn't burn - the ponzi scheme continued. Just Thank your congress. Thank Henry Paulson. And remember - thanks to Paulson's AIG bailout - WE get the bill.   Not only for the $150 billion in bonds, but that times however many times the insurance was sold to whoever bought it.  It's nuts. REGULATE THESE GUYS...   and It wasn't just AIG selling this crap or buying - almost every major financial firm had a credit default swap desk with a dozen or more personnel manning it.

Somebody needs to be indicted on this one. There should be a conspiracy investigation of the multple hedgefunds who drove Lehman down while buying "insurance" ie credit default swaps on the bonds that they didn't even own!     What a racket!  AL CAPONE MOVE OVER~

The trouble is, you can't even root for the hedge funds to fail. If they all fail at once the DOW will be at ZERO. There would be so much stock for sale nobody could by it all....


Monday, September 29, 2008

NO BAILOUT!!!! CONGRESS VOTES NO!!!!

Note: of course looking back at this from June of 2009 - have we got a bailout....

Wow and the Dow tanks at one point down 700 points - that's more than Black Monday... The world is changing. Here it goes.... The Dow is now up and down one minute you look and its down 500 then down 659 then at 443 Yikes going up and down by a hundred points in seconds...... It's a wild roller coaster..... Ah well - let the card house tumble - here it goes -- hold on!

ADENDUM 5:46pm -- The Day ended down 777 points - I think that's a historical record for a single day. Mr. Cramerica says it could go down another 2500 points before it's done.... The holdouts were 70 Republicans and 90 some Dems. According to news reports, some were fielding constituent mail 100 to 1 against the plan.

Thursday, September 25, 2008

How many credit swaps can dance on the head of a bailout?

They keep blaming this on John Q public's bad mortgages rather than banks' questionable decisions in granting those mortgages to insolvent people followed by the bundling of those junk mortgages, sold and resold again and again, and the insuring instruments for those bundles the magic, indecipherable derivatives. 

I did a little calculation and if I have it right (and i might not) then 800 billion would be enough for 2o billion $400,000 houses at full price.... So we must have more than 20 billion people losing their homes since the gov will only pay some change on the dollar for this paper. There just can't be that many...

And Where are the properties that go with this paper? Who is going to check the properties, go to the foreclosure proceedings... Pay heat on the empty houses..... 20 million of em all over map.... Maybe these will be the jobs of the "PAULSON NEW DEAL" hahaha. I can barely believe there could be so many displaced persons. I am betting there are multiple higher ticket items in there - like builders who went bankrupt holding paper on an entire development project or condo projects.
This just seems like such a bad idea and there must be more stuff than just residences........

my dash board calculator stopped at 800 million..... .

JP Morgan will buy WaMu? Bye Bye Washington Mutual

Another surprise deal announced on CNBC did I hear that right?. Wish I could hit instant replay and hear that again... Things are moving fast - if you don't count legislators. But I want them asking questions. 11th-hour must-do deals worth $700 billion are always suspect...... Just heard it again on Larry King - JP Morgen Chase "has acquired" the assets of Washington Mutual. so WAMU must have tanked or been seized.... Then Larry King moved on to Palin. Who cares.
========
ADENDUM
PS At this moment (Friday evening 9/26/08) ABC news reports that 17 billion in assest had been withdrawn from WaMu in the space of a few weeks putting it in an untenable position. ABC said it was the largest bank failure in American History. WaMu's assest were sold to JP Morgan Chase at the firesale price of $1.9 billion.

Consumer reaction to Wall Street woe is a no-brainer

President Bush has now gone to the American People and said we have an enormous financial crisis on the horizon. Of course  this is the same American public that has been losing its homes and jobs for a while now.   
    The treasury and the fed - in the form of Mr. Paulson and Mr. Bernekie - set that gigantic $700 billion figure to restore WALL STREET CONFIDENCE.    And now, suddenly the talking heads are worried that CONSUMER CONFIDENCE is low and people aren't buying.    DUH.     
    They have been using some stern-faced scare tactics to get this almost-a-trillion dollar financial stabilization package/BAILOUT passed - calling pension funds, 401ks into question and painting a picture where your credit card and ATM card stop working.  ERGO consumer sentiment is going to get even worse.  The general public (the bulk of folks who weren't losing a home or job), they are only now becoming aware of this crisis so we can expect spending AND saving will decline even further. Where will the money go? Check your local mattress.
    When the financial crisis of the century is on the horizon --  why on earth do we want to spend what little we have left?

Wednesday, September 24, 2008

Warren Buffett backs Paulson plan.... and Paulson

I heard Warren Buffett interviewed on CNBC this morning. Buffett is buying 5 billion dollars worth of Goldman Sachs, his first buy of an  investment house since 1978, according to CNBC.  (It's not the common stock...)
    "The Market could not have taken another week like the one developing last week," he said, adding that the Paulson plan is absolutely necessary to avoid "going over the precipice..." 
    "If they do it right,  I think they'll make a lot of money," he said. He insisted that they shouldn't be buying this paper at what the institution paid, nor at the carrying value  -- but at bargain basement prices.  He said nobody can "leverage up" right now. If they could and would, there's 15 to 20 % profit to be made.  "I like a market related price," he said. He suggested the government might want to sell off some of it into the market to see what the real price is before buying more....  He said they have the staying power to hold these things until things improve. Holding 700 billion is beyond private entities.
    "You couldn't have any better guy," doing this than Paulson, Warren Buffett said. 
     If you weren't watching the market last week, it went down 300 points one day 340 the next and 405, next  topped by the sequential collapse of  Lehman Brothers, AIG etc etc.  AIG was a crucial fall since it underwrites the debt of every major corporation around the world. 
    "AIG would be doing fine right now if they never heard of derivatives," Buffett said.

Tuesday, September 23, 2008

REMEMBER WMDs? This gambit seems strangely familiar....

My letter to  the White House,  one letter of millions that no one will ever read:
Sent to: comments@whitehouse.gov, vice_president@whitehouse.gov, president@whitehouse.gov

Dear Executives:

Well,well, when you said IRAQ had weapons of mass destruction, I thought oh surely you must know and now we have spent 500 billion making war on the wrong country. Fooled me once. That's enough. Now you say, OH WE HAVE TO SIMPLY HAVE TO SPEND a trillion dollars, immediately,  without oversight, bypassing all the established protocols on spending and contracting.  Big surprise.  Could the end of the financial system you are declaring be a lot like those weapons of mass destruction we never found only the fraud is even more expensive and would enrich your pals for years and leave main street drained dry...  You have cried wolf fraudulently once too often and I for one will urge my representatives and senators to vote down paying your pals trillions.

MM Walker
-- 
That is the letter. However.  Big trouble may arrive even if  they buy up a trillion dollars worth of bad paper. Across the globe everything economic is grinding to a stall or might in the next week or month.  Untenable derivatives/credit swaps, and deals so complex and flagarently under "collateralized" if you will,  are so utterly unregulated and opaque, that the treads of causality can not be untangled.   A simple solution will not be found for this one.  Maybe Uncle Hal was right.  (YIKES)  

Let's spend a trillion buying hospitals instead

If the feds are going to spend a trillion in tax payers dollars, just like that, I think they should buyout ALL hospitals and medical facilities  - saving millions and millions in health care costs by taking banks and insurance companies out of the equation....

Henry Paulson --- Your wheeler dealers won't be grateful for this bailout you are peddling. They will look at it he way a shark looks at a distressed swimmer -- can I get a meal or not?  The idealist thought that the moguls are not going to make off with as much as they can if unlimited underwriting is involved  --  is naivety of the sort that brought us IRAQ.   I was one of the ones hoodwinked. I thought the president must know about those WMD  and with-held my cynicism, when we invaded. I learned my lesson Mr. Paulson. Officials will hoodwink us if they can for their own obtuse reasons, their own selfish interests or those of their freinds or for their very personal delusions.
And, now I should believe that a TRILLION DOLLARS will fix this  just because Paulson says so....???  

Henry Paulson blames the borrowers

I am listening to Henry Paulson's speech and I note that in his first few paragraphs -- he blames the borrowers not the banks. He said that "borrowers took out loans they couldn't afford" and this is the root of this crisis. As if the trembling would- be-home owner, who was swayed by a so called "expert" bank official offering a variable rate mortgage with a balloon payment bears all the blame. The question remains to be answered -- WHY DID THE BANKS GRANT THESE LOANS?