Sunday, January 27, 2008

Our Decisions Regarding Health Care Could Result in a New Enlightenment Age or the Beginning of the End

Our current health care system is weakening and tearing apart the strands that hold together the fabric of our society more and more every day. Since 2000, employment-based health insurance premiums have increased 87%, rising four times faster than wages. Our out of pocket expenses, co-pays, deductibles etc, have increased 115% and the average employee contribution to company-provided health insurance has increased more than 143%.

The hospitals, insurance companies, and the government health care system are all driven by "economies of scale" thinking which base its decisions, not on what is best for the patient, rather decisions are based on what will result in enormous profits for the industries involved.

There is no safety net. Medicaid only covers a small fraction of people without health insurance. The eligibility rules vary widely state to state, and most states require people to be completely destitute parents to qualify. In some states working adults without children can get Medicaid coverage for themselves but only if they make less than, let's say 30-40% of the federal poverty level, or in other words, $3-4,000/year. Medicaid eligibility discourages people from working because most programs only allow people to earn a salary below the poverty level in order to qualify. Where is the incentive to work more hours or find better employment?

The bottom line is that it's next to impossible to secure health benefits for the average American today unless their employer offers it, and even then it's becoming prohibitively expensive. If we allow the health of American citizens to deteriorate in the most affluent country on earth, not only does it place a great burden on our labor force, infrastructure, and market system, it calls into question how civilized "We the People" really are. Ignoring the needs of the sick so that big industry can profit is heartless, insensitive, greedy and self-serving and much more characteristic of a barbaric society than the enlightened, continually evolving nation we claim to be.

We cannot continue to allow billions of our tax dollars to fund what is ultimately destructive to the public interest, and at the same time, refuse citizens who work hard, pay taxes, and play by the rules, decent health care. If we permit American citizens to fall into economic hardship because of health care costs, we are no different than the many"civilizations" that have gone before us, failing because of their inability to transcend the selfish, power hungry part of human nature.

"A chain is only as strong as its weakest link”, is a common metaphor often applied to groups of people from small organizations to -- in an era of global economies and growing interdependence -- the world at large. However, although this statement is true as far as a chain and a broken link, fortunately, this analogy is only partially true when applied to society or government, because one broken link will not render society or government useless. The reality is the strength of the other links will normally compensate for the broken one and society will continue to function. "Fabric is only as strong as its weakest threads" might be more accurate when referring to how groups of people function. A broken health care system, if not mended soon, will inevitably unravel the societal fabric weaving us all together.

We are at a crucial crossroads in American history and our decisions regarding the value we place on the quality of human life could either result in a "New Enlightenment" age or signal the beginning of the end of what was a very noble experiment in democracy.

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Thursday, January 24, 2008

Global Employment Trends for 2008

In contrast to last year (2007), where an increase of more than 5% global GDP growth of led to a stabilization of global labor markets with more people in work resulting in a net increase of 45 million new jobs and only a slight increase in the number of people unemployed; the International Labor Office (ILO) in its Global Employment Trends report (GET) projected five million more people could be unemployed due to global economic turbulence largely due to credit market turmoil and rising oil prices.

“This year’s global jobs picture is one of contrasts and uncertainty”, said ILO Director-General Juan Somavia. “While global growth is annually producing millions of new jobs, unemployment remains unacceptably high and may go to levels not seen before this year. What’s more, though more people are in work than ever before, this doesn’t mean that these jobs are decent jobs. Too many people, if not unemployed, remain among the ranks of the working poor, the vulnerable or the discouraged.”


The challenges facing the regions have remained relatively unchanged. Not only is there a low impact of growth on the job but there is also another concern: the ongoing (but already slightly decreasing) growth does not have as substantial impact
as necessary to reduce the levels of working poverty, especially in the poor regions of the world. There are still 486.7 million workers in the world who do not earn enough to lift themselves and their families above the US $1 a day poverty line and 1.3 billion workers do not earn enough to lift themselves and their families above the US $2 a day line. In other words, despite working more than four out of ten workers are poor. To make a long term inroad into unemployment and working poverty, it is essential that periods of high growth are better used to generate more decent and productive jobs. Reducing unemployment and working poverty through creation of such jobs should be viewed as a precondition for sustained economic growth.

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Wednesday, January 23, 2008

Gay or Not, "Best Places to Work for GLBT Equality" is a Must See

The “Best Places to Work for GLBT Equality” is a list everyone should consult when looking for employment. If a company is chosen by The Human Rights Campaign Foundation, the nation’s largest GLBT civil rights organization, it almost guarantees the company is an all around fair employer. In order to be chosen, 195 companies must score a perfect 100% on the Human Rights Campaign Foundation’s Corporate Equality Index which measures policies and practices implemented to promote fairness and equality in the workplace for GLBT employees.

Advertising

Star Company MediaVest Group (SMG) - Chicago, IL


Aerospace and Defense:

Boeing Co. - Chicago, IL

Honeywell International, Inc. - Morristown, NJ

Northrop Grumman Corp. - Los Angeles, CA

Raytheon Co. - Waltham, MA


Airlines

AMR Corp (American Airlines) - Fort Worth, TX

US Airways Group - Tempee AZ


Apparel, Fashion, Textiles, Dept. Stores

Abercrombie and Fitch - New Albany, OH

Gap, Inc. - San Francisco, CA

J.C. Penney Co. - Plano, TX

Levi Strauss & Co. - San Francisco, CA


Automotive:

Chrysler LLC Auburn Hills, MI

Ford Motor, Inc. - Dearborn, MI

General Motors, - Detroit, MI

Subaru of America - Cherry Hill, NJ


Banking & Financial Services:

American Express, Co. - New York

Ameriprise Financial, Inc. - Minneapolis, MN

Bank of America Corp - Charlotte, NC

Deutsche Bank - New York, NY

Wachovia Corp - Charlotte, NC

Wells Fargo - San Francisco, CA


Chemicals & Biotechnology

Choicepoint - Alpharetta, GA

International Business Machines Corp. (IBM)
- Armonk, NY


Computer Hardware & Office Equipment

Apple - Cupertino, CA

Dell, Inc. - Round Rock, TX

Lexmark International Inc. - Lexington, KY

NCR Corp. - Dayton, OH


Computer Software

Adobe Systems - San Jose, CA

Intuit, Inc. - Mountain View, CA

Microsoft Corp. - Redmond WA

Oracle Corp. - Redwood City, CA


Consulting, Business Services

Accenture Ltd. - New York, NY

Bain & Co. Inc. - Boston, MA

Boston Consulting Group - Boston, MA

Deloitte & Touche USA LLP - New York, NY

Ernst & Young LLP - New York, NY


Education, Childcare

Bright Horizons Family Solutions
- Watertown, MA


Hotels, Resorts, & Casinos

Carlson Companies - Minnetonka, MN

Global Hyatt - Chicago, IL

Harrah's Entertainment, Inc. - Las Vegas, NV

Marriot International Inc. - Washington DC

Starwood Hotels & Resorts Worldwide - White Plains, NY

Wyndham Worldwide - Parsippany, NJ


Internet

Google, Inc.


Law Firms

Akin, Gump, Strauss, Hauer & Feld LLP - Washington DC

Alston & Bird LLP - Atlanta, GA

Arnold & Porter LLP - Washington DC

Bingham McCutchen Boston, MA

Bryan Cave LLP - St. Louis, MO

Cleary, Gottlieb, Steen & Hamilton LLP - New York, NY

Crowell & Moring LLP - Washington DC

Dewey Ballantine - New York, NY

Dickstein Shapiro LLP - Washington, DC

Dorsey & Whitney LLP - Minneapolis, MN

Faegre & Benson - Minneapolis, MN

Foley & Lardner LLP - Milwaukee, WI

Heller Ehrman LLP - San Francisco, CA

Holland & Knight LLP - New York, NY

Jenner & Block - Chicago, IL

Kramer Levin Naftalis & Frankel LLP - New York, NY

Latham & Watkins LLP - New York, NY

McDermott Will & Emery LLP - Chicago, IL

Mintz, Levin, Cohn, Ferris, Glovsky & Popeo - Boston, MA

Nixon Peabody LLP - Rochester, NY

Paul, Hastings, Janofsky & Walker LLP - Los Angeles, CA

O'Melveny & Myers - Los Angeles, CA


Mail & Freight Delivery

United Parcel Post, Inc (UPS) - Atlanta, GA


Oil and Gas

BP Oil - Warrenville, IL

Chevron - San Ramon, CA


Pharmaceuticals

Boehringer Ingelheim Pharmaceuticals Inc. - Ridgefield, CT

Bristol-Meyers Squibb Co - New York, NY

Eli Lilly & Co - Indianapolis, IN

GlaxoSmithKline plc - Philadelphia, PA

Hospira Inc. - Lake Forest, IL

Johnson & Johnson - New Brunswick, NJ

Merck & Co. Inc. - Whitehouse Station, NJ

Pfizer - New York, NY

Schering-Plough Corp. - Kenilworth, NJ


Publishing & Printing

New York Times Co. - New York, NY


Retail & Consumer Products

Best Buy - Richfield, MN

Borders Group, Inc - Ann Arbor, MI

Clorox Co - Oakland, CA

Estee Lauder Companies - New York, NY

Gamestop Corp. - Grapevine, TX

Mitchell Gold & Bob Williams - Taylorsville, NC

Newell Rubbermaid, Inc. - Atlanta, GA

Recreational Equipment, Inc. - Kent, WA

S.C. Johnson & Son Inc. - Racine, WI

Sears Holding Co. - Hoffman Estates, IL

Starbucks, Inc. - Seattle, WA

Walgreens - Deerfield, IL


Telecommunications

Alcatel-Lucent - Murray Hill, NJ

At&T - San Antonio, TX

Cisco Systems, Inc. - San Jose, CA

Motorola Corp. - Schaumburg, IL

Sprint Nextel - Reston, VA


Transportation, Travel

Travelport, Inc. - Parsippany, NJ


Waste Management

Waste Management - Houston, TX

Read more...

Tuesday, January 22, 2008

Illuminating the Connection Between Money and Politics

MapLight.org connects together campaign contributions and votes on specific legislation transparent in an effort to help American citizens hold their legislators accountable. The idea is to demonstrate the direct connection between the money elected officials receive and how they vote. Elected officials collect large sums of money to run their campaigns, and they often pay back campaign contributors with special access and favorable laws.

This common practice is contrary to the public interest, yet it is legal. MapLight.org illuminates the tightly woven corruption, that makes up the political fabric of our society normally invisible to the naked eye.

Read more...

Monday, January 21, 2008

What a Mighty 4% "We the People" Are.

Today, all around the world stocks are plummeting.

Why?

It's not because of global economic distress -- China, India and Brazil are experiencing phenomenal growth -- rather it's due to this country's economic distress. The USA, containing only 4% of the world population still packs a mighty wallop.

Although, some analysts are not convinced the US carries the weight it used to a few decades ago. They believe that there are enough foreign countries worldwide who have built up enormous wealth recently who can withstand America's economic downturn and still come out ahead.

Even though the U.S. economy is stumbling, "I don't think it's even conceivable the world economy could go into recession" this year, said C. Fred Bergsten, director of the Peterson Institute for International Economics in Washington.

Toronto experienced a huge 605-point drop losing more than $90 billion in value from the TSX and that is on top of a 6.6 per cent dive last week that had already wiped out all of the market's gains for 2007.

Far East Stock Markets, Jan 22 2008:

Australia: S&P/ASX -5.15%

China: DJ Shanghai -3.42%

Hong Kong: Hang Seng -5.50%

Japan: Nikkei Average -4.41%

Taiwan: Weighted -6.19%

Apparently, President Bush's $150 billion in tax rebates did not inspire all that much confidence here and abroad.

Read more...

Friday, January 18, 2008

Read the Fine Print...Your Company Can Spy on You Where You Least Expect

Everyone understands a company's need for the first level of security, mainly protecting the physical safety of their buildings and employees. The second level of "security", when companies spy on their employees, their competition, and their customers, is not quite as clear.

In order to remain competitive, it's essential companies have some type of monitoring system in place, now that the Internet is just a keystroke away, tempting employees with unlimited "entertainment" and escape from what they are being paid to do. However, the question is not whether companies should be allowed to spy, rather how far should corporations be allowed to go when engaging in the second level of spying?

Wal-Mart, the shining example of cutting-edge thinking and technology in the corporate world, is also leading the way with its massive internal investigative capability, and has very possibly strayed over the legal line, and most definitely over the ethical line as many places of business have. When corporations own computers more powerful than any one computer found at the Pentagon, that corporation is no different from an employee, one keystroke away from the Internet...the temptation to stray is overwhelming.

Apparently, after technician, Bruce Gabbard, was fired for having secretly taped conversations between Wal-Mart employees and a Times reporter, that same technician spilled the beans on a larger, sophisticated surveillance operation at Wal-Mart, proving once again, how disposable most of us are in corporate America.

Gabbard said the retailer employs a variety of means, including software that can monitor every key stroke on the retailer's network, to keep tabs not only on employees but also on its board of directors, stockholders, critics of the company, and in at least one instance, on a consultant, McKinsey & Co.
Wal-Mart is not the only company involved in corporate espionage. Hewlett-Packard started the ball rolling when it aggressively pursued the "leakers" amongst them by engaging in "pretexting" -- falsely representing an identity to a telephone company in order to obtain telephone records of that person.

A little over one year later, pretexting, now outlawed by Congress due to the public's reaction to the Hewlett-Packard spy scandal; Douglas Frantz reveals how "C.I.A. agents are pushing corporate espionage to ominous new extremes".

Most of the ex-agents employed by corporations engage in perfectly legal activities, from surveillance to lie detection. However, a few of these techniques are a little shady, at best. "Data haunts," which employ extreme methods to capture personal data from an individual is one example. Normally, an outside device is unknowingly place on the person's computer such as a trojan horse to record keystrokes, email traffic or the ex-agents will use an electronic device to track a person's cell phone calls. Sometimes, these corporations will even watch the tail markings of private jets to find out where corporate executives are going.

The "hard shoulder" is another example of corporate espionage taken to the extreme. This is where the company digs up derogatory information about someone and takes it directly to that person threatening exposure if that person does not comply...in other words, black mail or extortion.

One man, employed by a well-known insurance company questioned the company's accounting practices. The company thoroughly investigated his personal life, fired him and threatened if he ever spoke publicly, that they would expose him with whatever information they found on him. The scary part about that situation is that corporations have the power to manufacture information, if let's say, they couldn't find anything on someone they wanted to silence. What chance does that person have against a huge billion-dollar corporation?

Corporations will go as far as buying out the contracts of government agents, doubling their salaries in hopes of getting the targeted government employee to work for them. One such agent whose contract was bought out and whose salary was doubled said, the pharmaceutical company he works for now, doubles the amount of monitoring and background checks Homeland Security and the FBI conduct.

In addition, he said the company he works for install hidden microphones wherever employees gather to monitor conversation. Is it legal? Yes, because all of this is disclosed to the employee in the fine print of their contract. Read the fine print or risk signing away your right to privacy. It's possible the company you work for might bug your brief case, pocketbook, or even you, the employee, and you won't have a leg to stand on, if you happen to discover the people you work with know your favorite sexual positions or how you like your eggs, because you were given the chance to read it in the fine print.

Another scary possibility, WAN, LAN and now HAN (Human Area Networking) technology that uses the surface of the human body as a safe, high speed network transmission path.

Read more...

Earning the Right to Divorce

...or she does
I am not an attorney nor do I have in depth knowledge of the law, but after observing a few friends and family members going through divorce, the laws and rules of evidence and civil procedure regarding divorce confused me to say the least. After discussing this with many people, I discovered I was not the only one confused by "divorce court".

I believe my confusion stems from the establishment of no-fault grounds laws where neither party is considered at fault. I am not referring to childless couples, as I believe, in most instances; divorcing couples without children do not carry the same burden of responsibility as married couples with children. There are no innocent victims involved when a childless couple divorce.

This lack of a clearly defined "defendant" leads to what I would call a more casual atmosphere where the outcome of each case can partially result from the bond the attorneys have with the judges and/or the bond attorneys have with each other. More "off the record" discussions between attorneys and judges (I witnessed this first-hand) occur making impartiality practically impossible. In addition, the judge may be focused on adhering to the "no fault" aspect of the law, at the expense of true justice where the truly innocent (children) are protected. It's not the fault of the individual attorneys or judges, rather the "fault" of the "no fault" laws governing divorce that try so hard not to condemn either party that it overlooks the real victims, the children.

I understand the reason behind no fault divorce and agree that prior to the "divorce revolution" in the 1970s; divorce court did compromise the integrity of the American justice system by making perjury a likely occurrence. Anyone living in a marriage from hell will find a way to end their misery any way they can. The courts realized this and amended divorce legislation allowing spouses to initiate divorce proceedings without any proof of marital wrongdoing, therefore eliminating the need to fabricate situations to get out of one's commitment.

Yet, it seems this issue was solved at the peril of many other issues the most profound being the injustice to children. Children have financial and psychological advantages when both parents are married and fully supporting them. They lose these advantages when one or both parents decide to divorce because of the lack of adequate laws in place governing divorce. Therefore, unless the divorcing parents are diligent about putting the children first, the children become the victims through no fault of their own.

Non-adversarial divorce is not the problem in and of itself, rather there needs to be reform to the existing laws requiring both parents to be more responsible to their children. Currently, the children and/or the spouse without the career or the financial means usually suffer the most because "justice" is so expensive. If the parent retaining primary custody can afford to pay $300/hr to an attorney for countless hours, sometimes until that child is 18-years old, the child's rights will be protected. Most Americans do not have that kind of money, especially the parent normally left to care for the children. He or she, and the children are left at the mercy of the other spouse who makes the money and therefore wields the power.

Parents should be required to "earn" a divorce instead of having the divorce granted, just because one or both parents want it. An agreement in writing, providing specific details about how both parents intend to support their children in much the same way as when they were married, should be mandatory before the divorce decree is granted. In other words, the divorce decree comes after settlement takes place, not before, as it is now. Of course, this only applies if both spouses do not pose a danger to the children.

Marriage is a contract between two people and the government agreeing that each spouse is obliged to support the other and any offspring that should result of their marriage. The government, in return, will provide certain rights and protections -- over 1500 federal and approx. 500 state, depending on the state --to the married couple and their offspring. If the couple decides to end the contract, they should be obliged to support each other in the manner of which they grew accustomed when there are children involved, no matter what the socioeconomic status of the couple.

"We the People" end up paying for the "deadbeat dad" or mom who might make six-figures but just does not feel like living up to his or her responsibly any more. Currently, without the money and resources it's extremely difficult for the custodial parent to make the irresponsible parent face up to his or her responsibility, because the irresponsible parent has to turn into "Jack the Ripper" for the courts to aggressively pursue him or her and by the time the court finally does pin that parent down the child is usually married with kids of his or her own.

Instead of "No Fault" divorce, we should have "No Fault of the Children" divorce, putting the focus on children's rights first and taking the focus off making sure the ones truly at fault, the divorcing couple, remain faultless.

It seems another "divorce revolution" is needed to correct the injustices of the last one.

Read more...

Thursday, January 17, 2008

Leading Church Bodies in the US.



Quickly glancing at this map, the Catholics especially and the Baptists seem to dominate the Continental US.
As the Hispanic population continues to grow, I wouldn't be a bit surprised to see this map turn even bluer.

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Tuesday, January 15, 2008

Death and Taxes

"Death and Taxes" is a large representational graph of the federal budget. It contains over 400 programs and departments and almost every program that receives over 200 million dollars annually. The data is straight from the president's 2008 budget request and will be debated, amended, and approved by Congress to begin the fiscal year. All of the item circles are proportional in size to their spending totals and the percentage change from 2007 is included to spot trends and disproportion.

"Death and Taxes" is more than just numbers. It is a uniquely revealing look at our national priorities, that fluctuate yearly, according to the wishes of the President, the power of Congress, and the will of the people. Thousands of pages of raw data have been boiled down to one poster that provides the most open and accessible record of our nations' spending than ever seen before. If you pay taxes, then you have paid for a small part of everything in the poster. "Death and Taxes" is an essential poster for any responsible citizen or information junkie.

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Culture Influences Brain Function

MIT researchers report in the first brain imaging study of its kind that American culture, uses their brains differently than Asian culture to solve the same visual perceptual tasks.

Americans, which values the individual, emphasize the independence of objects from their contexts. In contrast, they found that East Asian societies, who values the collective, emphasizes the contextual interdependence of objects.

Americans, when making relative judgments that are typically harder for them, they activated brain regions involved in attention-demanding mental tasks. They showed much less activation of these regions when making the more culturally familiar absolute judgments. East Asians showed the opposite tendency, engaging the brain's attention system more for absolute judgments than for relative judgments.

Everyone uses the same attention machinery for more difficult cognitive tasks, but they are trained to use it in different ways, and it's the culture that does the training," Gabrieli says. "It's fascinating that the way in which the brain responds to these simple drawings reflects, in a predictable way, how the individual thinks about independent or interdependent social relationships."

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Friday, January 11, 2008

Eighth Grade Clarity Committees in Government and Corporate America

After reading Mike Huckabee's Tax Plan is Brilliant in Slate Magazine, I began to ask myself, how do I know if his plan is brilliant? How do I know if any plan is brilliant when I cannot tell you much about our current tax code, most of the contracts I've signed, anything about the irritating little fees on my cell phone, credit card, cable, electric, gas bills etc? Mike Huckabee's plan may sound good now because the article is written so that it is easily understood. However, once it is approved and implemented it will take ten Rhodes Scholars to interpret it.

Before we change anything, why can't "We the People" demand every American has a right to understand what's going on now whether it concerns taxes, law, paying our bills or contracts? Why is it legal that a PhD is required to understand our credit card agreement and sometimes that's not enough?

The answer is fairly obvious. By confusing and frustrating "We the People", government and corporations know that most of us will surrender because we don't have the time nor the patience to analyze that which is designed to be incomprehensible...who does? Why isn't there more outcry against this?

The objective is clearly to make most Americans feel powerless and stupid knowing the most Americans will not advertise that they don't completely understand most of what they pay for, vote for, and depend on a daily basis. No one likes to admit their failure to comprehend the tax code, real estate papers, statutes, executive orders, affidavits, jury instructions, insurance contracts, investment contracts, 16 page credit card agreements (printed on tissue paper in microscopic type, written on the "twenty-seventh" grade reading level) and all consumer-finance contracts and anything and everything written in legalese.

We all know a confused American is very profitable, easy to control and therefore, very desirable to the few at the top who pull the strings. What would happen if every piece of legislation, every contract, credit card agreement, and basically anything legally binding had to pass through the Eighth Grade Clarity Committee (EGCC), made up of a diverse group of eighth graders of average intelligence, as a final test of clarity. If all the eighth graders appointed understand, it passes...if not, must go back for a rewrite until the EGCC grasp whatever it is being tested with little effort.

People like myself will be most appreciative and I think we would see a happier, patient, and most importantly, an informed America evolve.

Read more...

Thursday, January 10, 2008

Global Risks 2008

The World Economic Forum released Global Risks 2008 report, which is based on input from a network of more than 100 top business leaders, decision-makers, scientists and other leading academics convened throughout 2007 as part of the World Economic Forum’s Global Risk Network. The report highlights the need for new thinking on many issues, warns that food security will become an increasingly complex political and economic problem over the next few years, expresses fears of a US recession in the next 12 months and finally, with the dollar price of oil at record highs, the report recommends an improved approach to securing viable energy supplies in the years ahead.

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Wednesday, January 09, 2008

Your ISP is About to Become the Internet Police


It's not what these companies say they are planning to do, tracking down copyright infringement, it's what they could potentially do; act as "Big Brother". The incestuous relationship that exists between government and big corporations is enough to give us a reason to be concerned.

Mr. Cicconi said that AT&T has been talking to technology companies, and members of the MPAA and RIAA, for the last six months about implementing digital fingerprinting techniques on the network level.

“We are very interested in a technology based solution and we think a network-based solution is the optimal way to approach this,” he said. “We recognize we are not there yet but there are a lot of promising technologies. But we are having an open discussion with a number of content companies, including NBC Universal, to try to explore various technologies that are out there.”

Internet civil rights organizations oppose network-level filtering, arguing that it amounts to Big Brother monitoring of free speech, and that such filtering could block the use of material that may fall under fair-use legal provisions — uses like parody, which enrich our culture.

Rick Cotton, the general counsel of NBC Universal, who has led the company’s fights against companies like YouTube for the last three years, clearly doesn’t have much tolerance for that line of thinking.

“The volume of peer-to-peer traffic online, dominated by copyrighted materials, is overwhelming. That clearly should not be an acceptable, continuing status,” he said. “The question is how we collectively collaborate to address this.”

Read more...

Monday, January 07, 2008

Toy Converts to GHB, Naked Suday, Censoring Cock and other Dumb Moments in Business World 2007

1. China - "Mattel is forced to recall almost 20 million items made in China because of lead paint on toy cars and tiny magnets that could be deadly if swallowed. Lead paint problems are also found in 844,000 Chinese-made Barbie accessories and toys with the Sesame Street brand.

Pet food makers recall more than 60 million cans of food laced with tainted melamine in wheat gluten from China. A huge underground distribution network for steroids, human growth hormones, and other bodybuilding drugs is traced to 37 companies in China. Chinese-made lunch boxes, given away by the California Department of Public Health to promote healthy eating habits among children, are found to contain lead.

Nike recalls 235,000 football helmets because the Chinese-made chin cup has a defective strap and has caused at least two concussions and a broken nose. Ethylene glycol is found in Chinese-made toothpaste. The government of China executes the former head of its State Food and Drug Administration."


2. Eli Lilly -- Prozac for Dogs

Eli Lilly wins FDA approval to put Prozac into chewable, beef-flavored pills to treat separation anxiety in dogs.

3. Leona Helmsley leaves $12 million to her white Maltese, Trouble.

4. Merrill Lynch -
In the first quarter of 2007, thanks to its $1.3 billion purchase of First Franklin Financial, Merrill Lynch becomes the world's top underwriter of subprime-mortgage-backed securities. Nonetheless, with the market in meltdown just a few months later, Merrill CFO Jeffrey Edwards (pictured) tells analysts that the firm's subprime exposure is "limited, contained, and appropriately marked." In October, Merrill announces a quarterly loss of $2.24 billion after $7.9 billion in subprime-related write-downs.

5. Stanley O'Neil -
In August and September, as his company is racking up the largest quarterly loss in its 93-year history, Merrill Lynch CEO Stanley O'Neal squeezes in 20 rounds of golf, including three rounds on three different courses in a single day. In October, O'Neal announces his "retirement," walking away with a compensation package valued at $161.5 million.

6. Citigroup CEO Resigns - after the company takes an $11 billion write-down.



7. Hi-Tech Toilets - "The fire would have been just under your buttocks." Japanese manufacturer Toto apologizes to customers and offers free repairs for 180,000 high-tech toilets - thrones that feature heated seats, air purifiers, blow dryers, and water sprayers - after at least three catch fire. "Fortunately nobody was using the toilets when the fire broke out," says a company spokesman. "The fire would have been just under your buttocks."


8. Hordes of Rats in KFC/Taco Bell A video clip showing hordes of rats in a closed-for-the-night KFC/Taco Bell outlet in New York City gets nearly a million hits on YouTube.
9. Ratatoullie --
The French daily Le Monde calls Ratatouille, Pixar's movie about a rat in a kitchen, "one of the greatest gastronomic films in the history of cinema."

10. Electronic Voting Machines --
Diebold tightens security after it is revealed that a simple virus can hack its electronic voting machines. Months later a hacker uses a picture of a key from the company website to make a real key that can open the company's machines.

11. Oil Spills - "I touched the delta tower." -- Captain John J. Cota,
The pilot of the container ship Cosco Busan, after the vessel strikes the San Francisco-Oakland Bay Bridge and spills 58,000 gallons of diesel fuel from a 160-foot gash in its hull.

12. Procter & Gamble
The parents of two Florida toddlers sue Procter & Gamble after they are surprised to find images of their children on packages of Luvs diapers. The parents say they were paid a "nominal fee" at a casting call but were promised an additional payment if the photos were selected.

13. Disneyland -- Gives free food coupons to fat customers for not sinking their small world. Disneyland announces plans to close the "It's a Small World" attraction to deepen its water channel after the ride's boats start getting stuck under loads of heavy passengers. Employees ask larger passengers to disembark - and compensate them with coupons for free food.
14. Naked Sunday --The Fitworld gym in Heteren, the Netherlands, introduces Naked Sunday.

15. Toy Converts Into Date Rape Drug --
Australia's Toy of the Year, a bead toy called Bindeez made by Moose Enterprise, is pulled from stores after scientists discover that the beads contain a chemical that converts into the date-rape drug GHB when ingested.

16. Microsoft Pretexting Award -- While working on an article about Microsoft, Wired contributing editor (and former Fortune writer) Fred Vogelstein receives a 13-page dossier about himself, describing him as "tricky" and his stories as "sensational." The document, prepared by the company's public relations firm, Waggener Edstrom Worldwide, as background for Microsoft executives, was sent inadvertently to the writer.


17. Cocaine Energy Drink --
After receiving a warning from the FDA, Redux Beverages agrees to stop calling its energy drink Cocaine. It changes the name first to Censored, then to NoName.



18. Censoring the Word "Cock" --
A contributor to the website of the Royal Society for the Protection of Birds complains that he is being censored when a filter in the site's Microsoft software automatically replaces the word "cock" - the common designation for a male bird - with asterisks. "As bird lovers will know," he writes, "a Parus major is a great tit, and while a **** doesn't get past the forum censors, tits do not cause offense."

19. Judge Rules OK to Drive Zambonis Drunk --
New Jersey Superior Court Judge Joseph Falcone dismisses drunk-driving charges against a Zamboni operator even though he tests positive for alcohol. The judge rules that the ice-grooming machines aren't motor vehicles because they are not street legal.


20. OJ Simpson's Troubles Have Not Worked Out for Him --
"The police, since my trouble, have not worked out for me." -- O.J. Simpson, on why he took matters into his own hands to reclaim memorabilia he says were pilfered. He is charged with kidnapping and armed robbery.


21. Cartoon Network's "Aqua Teen Hunger Force" Salutes -- To build buzz for its animated show "Aqua Teen Hunger Force," Turner Broadcasting's Cartoon Network places electronic lightboards throughout Boston, triggering a bomb scare that shuts down two bridges, an expressway, a subway station, and a stretch of the Charles River. The devices depict a character from the show saluting passersby with an upraised middle finger.

22. Don Imus' "Nappy-headed hos" remark

23. HBO President Punches and Chokes Girlfriend --
HBO President Chris Albrecht allegedly punches and chokes his girlfriend while drunk at 3 A.M. in a Las Vegas parking lot

24. Raining Dollar Bills on Las Vegas Dancers --
Tennessee Titans Cornerback Adam "Pacman" Jones rains dollar bills down on dancers at a Las Vegas strip club, setting off a melee in which three people are shot.

25. Isiah Thomas -- Sexual harassment lawsuit

The Rest of the Dumb Moments List...

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Sunday, January 06, 2008

Mapping Globalization

The Mapping Globalization Project is a partnership of Princeton and the University of Washington and is divided into three main sections,
Maps, Narratives, and Data and Analysis.

The website offers an ever expanding set of resources and provides a forum for empirical research on globalization based on a comprehensive definition of globalization based on

"geographically expanding networks of transactions, where transactions may be of any type, and may have occurred at any time. This naturally supports a strongly historical perspective that includes trade, migration, transportation, communication, empires, and so on."

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Why Bush Must Go

At age 85, George McGovern explains why he did not call for the impeachment of Richard Nixon but urges the impeachment of our current President and Vice-President. He believes Nixon was bad but these guys are much worse.

I have not been heavily involved in singing the praises of the Nixon administration. But the case for impeaching Bush and Cheney is far stronger than was the case against Nixon and Vice President Spiro T. Agnew after the 1972 election. The nation would be much more secure and productive under a Nixon presidency than with Bush. Indeed, has any administration in our national history been so damaging as the Bush-Cheney era?

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How the Republican Gospel Came to Be

The Infamous Brad eloquently explains the history of how the "Republican Gospel" came to be all about upper-middle class white suburban values, and instead of basing it on Jesus' life, based it on the TV show Father Knows Best . He also explains the why and how they,

"convinced the public that God Himself hated uppity Negros, feminists, rock-and-roll, and above all homosexuals, and anything else that might make a white conformist upper middle class family uncomfortable."

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Friday, January 04, 2008

They Starved So That Others Would Not

More than 44,000 men registered as conscientious objectors during World War II. It wasn't their fear of being killed that inspired them to register, rather a fear that they would have to kill another human being. Most of these men were deeply religious people who could not picture Jesus going to war therefore neither could they. It was clear from their actions Jesus superseded even the President of the United States.

Far from cowards, these men dedicated themselves to serving their country the best they could while at the same time standing up for what they so strongly believed in. Thirty-six of the 12,000 who successfully avoided going to battle signed up to participate in an experiment which would literally starve them in hopes of finding how best to take care of the millions of people who would hopefully be liberated from concentration camps abroad.

Dr. Ancel Keys, author of The Biology of Human Starvation, closely monitored the 36 CO's diets and energy expenditure for 6 months in an effort to re-create the conditions of those in the concentration camps in Europe. There would be a period of normal eating; three months of semi-starvation coupled with the physical exertion of walking an equivalent of 22 miles a week, and then a year long rehabilitation phase.

These men are every bit as much heroes as the soldiers who went to war...maybe even more so. Instead of taking lives, they gave and continue to give life to many people who would otherwise succumb to starvation. They knowingly participated in this excruciatingly painful experiment gaining nothing in return. They were not paid, nor did they receive veteran benefits, purple hearts or any type of reward. This type of experiment is not likely to be repeated and will remain the fullest account of the physiological effects of starvation we have now and in the future.

"Never in the memory of man has there been a war in which the courage, the endurance and the loyalties of civilians played so vital a part," -- President Franklin Delano Roosevelt

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Thursday, January 03, 2008

House Prices Will Need to Fall Considerably to Be in Line With Rents.



A new study by former and current Federal Reserve economists tracked rents and home prices back to 1960 and found the current rent-price ratio is well below its long-term average. The economists suggest house prices will need to fall considerably over the next five years to be in line with rents.

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When "Smart" People are "Stupid"

I always thought the difference between a robot and a human being is the human being's innate drive to make sense of the world. Whereas a robot or computer absorbs or passively receives objective knowledge and responds in such a way that it has been preprogrammed to respond, a human being actively constructs knowledge by integrating new information and experiences into what they have previously come to understand, revising and reinterpreting old knowledge in order to reconcile it with the new. In other words, human beings try to make sense of what they have perceived, learned and reasoned by attempting to fit it into the context of which is it acquired.

Apparently, this is not always the case as the following story indicates.

A Lifesaving Checklist

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Tuesday, January 01, 2008

We Need a President Who Helps Eligible Investors Avoid Paying U.S. Taxes...




..Like President Bush needs a crash course in "trickle-down" economics.

Matt Romney, the wealthiest candidate running for president, with a personal fortune of up to $250 million, may look Presidential but as we all know appearances can be deceiving.



-- While in private business, Mitt Romney utilized shell companies in two offshore tax havens to help eligible investors avoid paying U.S. taxes, federal and state records show.

Romney gained no personal tax benefit from the legal operations in Bermuda and the Cayman Islands. But aides to the Republican presidential hopeful and former colleagues acknowledged that the tax-friendly jurisdictions helped attract billions of additional investment dollars to Romney's former company, Bain Capital, and thus boosted profits for Romney and his partners.

Romney has based his White House bid, in part, on the skills he learned as co-founder and chief of Bain Capital, one of the nation's most successful private equity groups. His campaign cites his record while governor of Massachusetts of closing state tax loopholes; his involvement with foreign tax havens had not previously come to light.

In the Cayman Islands, Romney was listed as a general partner and personally invested in BCIP Associates III Cayman, a private equity fund that is registered at a post office box on Grand Cayman Island and that indirectly buys equity in U.S. companies. The arrangement shields foreign investors from U.S. taxes they would pay for investing in U.S. companies.

Romney still retains an investment in the Cayman fund through a trust. Campaign disclosure forms show the investment paid him more than $1 million last year in dividends, interest and capital gains.

In Bermuda, Romney served as president and sole shareholder for four years of Sankaty High Yield Asset Investors Ltd. It funneled money into Bain Capital's Sankaty family of hedge funds, which invest in bonds and other debt issued by corporations, as well as bank loans.

Like thousands of similar financial entities, Sankaty maintains no office or staff in Bermuda. Its only presence consists of a nameplate at a lawyer's office in downtown Hamilton, capital of the British island territory.

"It's just a mail drop, essentially," said Marc B. Wolpow, who worked with Romney for nine years at Bain Capital and who set up Sankaty Ltd. in October 1997 without ever visiting Bermuda. "There's no one doing any work down there other than lawyers."

Investing through what's known as a blocker corporation in Bermuda protects tax-exempt American institutions, such as pension plans, hospitals and university endowments, from paying a 35% tax on what the Internal Revenue Service calls "unrelated business income" from domestic hedge funds that invest in debt, experts say.

Kevin Madden, Romney's campaign spokesman, said there was nothing improper about the Bermuda arrangement, or in Romney's investment in the Cayman fund. In neither case, Madden said, did Romney gain the ability to defer or avoid paying U.S. taxes.

"I would disagree that these could be described as tax loopholes," he said. "These are perfectly normal and perfectly legal arrangements that American companies put together to be successful in the market."

The Cayman fund is registered at P.O. Box 908GT on Grand Cayman Island, corporate records show. Like the Bermuda company, it maintains no office or staff overseas.

Romney first purchased a 3.25% share of the Cayman fund, and was listed as a "general partner (passive)" before his retirement from Bain Capital in late 2001, records show. He put his financial assets into a blind trust in January 2003, when he took office as Massachusetts governor.

Brad Malt, who controls Romney's financial trust, said Bain Capital organized the Cayman fund to attract money from foreign institutional investors.

"This is not Mitt trying to do something strange," he said. "This is Bain trying to raise some number of billions from investors around the world."

The privately held Cayman fund does not disclose its total investment pool. But Securities and Exchange Commission records show it has invested through a Delaware partnership in a California-based network of healthcare centers, a Texas real estate group, a New Jersey phosphate manufacturer and numerous other companies.

Romney is the wealthiest candidate running for president, with a personal fortune of up to $250 million, according to financial disclosure forms he filed in August. His financial trust retains investments in at least 32 Bain and Sankaty equity, hedge and debt funds, among other assets, the documents disclosed.

Under his retirement agreement, Romney retains a share of the profits at Bain Capital, as well as the right to make new investments in Bain funds through his trust, until February 2009.

Malt said he had repeatedly increased Romney's stake in the Cayman fund since 2003. He said he was unaware of the specific figures, but added that he knew he "wrote a lot of checks," and that it paid a return of 20% to 30% a year.

Malt said he was "pretty confident" that he had invested in additional offshore funds for Romney since taking over the trust. "I don't care whether it's the Caymans or Mars, if it's organized in the Netherlands Antilles or the Jersey Islands," he said. "That means nothing to me. All I care about is whether it's a good fund or a bad fund. It doesn't affect his taxes."

Connections with offshore companies became a presidential campaign issue in April, when the Washington Post reported that Democratic candidate John Edwards had worked as a paid advisor to the Fortress Investment Group. Fortress incorporated hedge funds in the Cayman Islands, allowing its partners and foreign investors to avoid or defer paying U.S. taxes. The disclosure embarrassed Edwards, who has called for reducing financial inequalities in America and who had sharply criticized corporations that utilize offshore tax shelters.

Eugene Steuerle, co-director of the Urban-Brookings Tax Policy Center at the Urban Institute, a nonpartisan Washington-based think tank, said he was troubled by the growing use of offshore jurisdictions, even for legitimate purposes.

"There's clearly something wrong when you have to use post office boxes to conduct business," he said. "You ideally want a world where setting up shell corporations wouldn't be necessary."

But offshore companies are now "part and parcel" of America's booming private equity and hedge fund business, said Kurt Schacht, managing director of the Centre for Financial Market Integrity at the CFA Institute, which represents chartered financial accountants, in Charlottesville, Va. He defended the practice.

"I don't think they're loopholes," he said. "It's not like they're trying to break the law. It's just taking advantage of what's available under current tax laws."

As a presidential candidate, Romney regularly touts his successful business background. But he rarely describes his unusual experience in the rarefied world of international high finance.

After starting as a management consultant, Romney helped found Bain Capital in 1984. Initially launched as a venture capital fund to provide seed money to start-up companies, Bain Capital quickly evolved into a leveraged-buyout shop. Romney and his partners borrowed money to buy dozens of troubled companies, and then charged high fees to revamp management, consolidate operations and, in some cases, lay off workers. To cash out and pay the underlying debt, they resold the companies or took them public as quickly as possible.

Romney took a leave of absence from Bain Capital in February 1999 to take over the scandal-marred 2002 Salt Lake City Winter Olympics. By then, Bain Capital already had opened its first offshore entities.

According to a report by Fitch IBCA, a major credit-rating service, Bain Capital managed more than $5.5 billion in assets by mid-1999. The total included $2 billion managed by Sankaty Advisors, which included at least two Bermuda-based subsidiaries set up during Romney's tenure.

Public documents do not disclose how much of the $2 billion was channeled through Bermuda. The Sankaty funds are named for a red-and-white lighthouse on the Massachusetts island of Nantucket.

Romney legally remained the top executive at Bain Capital during his leave of absence. On Feb. 20, 2001, a Bain filing to the SEC described Romney as "sole shareholder, a director and president of Sankaty Ltd. and thus . . . the controlling person of Sankaty Ltd." The company, it added, was organized "under the laws of Bermuda."

Today, Bain Capital manages $60 billion in assets, according to a spokesman. The total includes $23 billion in Sankaty debt and credit funds. Half a dozen Sankaty affiliates now are active in Bermuda, corporate registry records show.

The Sankaty debt hedge funds are organized as partnerships in Delaware that produce taxable business income by investing in fixed-income bonds and other debt instruments. Under tax law, even tax-exempt U.S. institutions may face a 35% tax if they invest directly in such hedge funds. By investing instead through a Bermuda corporation, the taxes are legally blocked, experts say.

In Congress, both the House Ways and Means Committee and the Senate Finance Committee held hearings in September that examined whether the use of such offshore blocker corporations allowed tax-exempt U.S. organizations to improperly engage in business.

"A lot of people are looking at this," said a Senate investigator, who asked not to be identified because he was not authorized to deal with the media. "It grates that these people are only using these offshore arrangements to avoid paying taxes."

Janne Gallagher, vice president and general counsel of the Council on Foundations, a nonprofit membership group of 2,100 charities and grant-making foundations, said the practice was "pretty prevalent" in her field as portfolio managers sought to spread risk through hedge funds.

"It's a substantial tax, and that's what generally has led people to invest in these offshore blockers," she said. "I think everyone would prefer not to if they could avoid the consequence."

Rep. Sander M. Levin (D-Mich.) introduced legislation that would allow tax-exempt institutions to make such investments without going offshore. The bill passed the House but has drawn little support in the Senate.

As governor, Romney helped raise at least $300 million in much-needed state revenue by closing what he called tax loopholes. Critics called the strategy a backdoor way to raise taxes, and Romney failed in an effort to give state officials the authority to penalize corporations that lowered their tax bills by moving their profits out of state.

As a presidential candidate, Romney calls for lowering the corporate tax rate, lowering income taxes and eliminating taxes on interest, dividends and capital gains for those earning less than $200,000. He does not discuss the use of offshore tax havens on his campaign website.


We can't forget about Cofer Black, Romney's personal advisor. Romney made a point of saying that on matters of interrogation and torture techniques he defers to his campaign's counterterrorism czar, Cofer Black

"Blackwater appears to have its own presidential candidate [Romney] . . . one whose presidency could make the company's profitable business under Bush look like a church bake sale." -- Jeremy Scahill
Gosh, this guy makes George Bush and Rudy Giuliani look like Bert and Ernie.

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