Cody Lyon
from July 2005
Although many New Yorkers grudgingly swear that more than half the
city’s residents are part of some loosely organized mass exodus to
a beach house on summer holiday weekends, those are actually the
weekends that the “left behind” can find the most memorable of New
York treats.
In fact, the non-jet ski set can sometimes find a dose of urban
spiritual nourishment that benefits the soul for months to come.
Not a religious experience, per se, but instead, a gathering of like
minded spirits, all very much alive, enjoying the fellowship of each
other, coming together for one reason, the music, at least that’s
what happened this past July 4th weekend.
The Body and Soul reunion party shook a collective booty to its core
at the PS-1 space in Queens, bringing together a cocktail of
cultures, families and sexual orientations that surely reminded
more than one participant that New York truly is a magnificent
mosaic as former Mayor David Dinkins once proclaimed.
Although Sunday afternoons at the Tribeca club Vinyl (later named
ARC) was the spot to meet the music on a weekly basis for many
years, the weekly Body and Soul party disbanded after facing
difficulty with the club space and other issues among the Djs and
organizers. But for one holiday weekend afternoon, Saturday from 3
til 9 was the time for church, as many of the party faithful liked
to call the Body and Soul experience, back in the day.
Djs Danny Krivit, Francois K and Joe Claussell did not disappoint a
crowd of thousands who had paid a ten dollar admission fee, and
another $6 each for ice cold draft beers that flowed far too easily
under a hot Queens sun in the concrete fortress of music at PS-1. The temperature kept getting hotter as a troubled nation moved another day closer to the 30 year anniversary of its highly celebrated bicentennial, a year that at least a third
of this party’s crowd, might actually remember.
A crowd wide chronic music infection was evidenced by smiles on faces
of every color of the human rainbow, every size on the scale, every
age from 3 to 65, all making moves to the beat of a different drum.
No judgment passed on who was cool and who was not, just pure
un-adulterated fun, joy, release and soul.
Occasionally, after a longer re-mix, or extended session people
would erupt into cheers and hollering this or that or whatever, it didn't matter as long as it felt good, real and true.
All the while, pulsing bodies poured in and out of the building at PS-1, moving among dancers on crowded steps that were crowned at the top with the DJ’s canopied booth. The sun gave everyone a glistening tone, some more than others, as sweat
flowed like a fountain, but, at this party, sweat was a badge of
success, a sign that you’d truly felt the light.
Speakers surrounded the main courtyard of the former school and
sound boomed against the old red brick walls rising up like a volcanic
eruption, only the lava was the sound, carried even further by
speakers in the back of the complex where others danced and played
in wading pools with their kids.
In its later years, Body and Soul saw pilgrimages by the curious
who’d heard about this place where the emphasis was on the music,
not the “scene.” Even European tourists began to make Body and
Soul part of the New York itinerary. According to those who’d
been, Sunday nights at Vinyl (ARC) were where one could still find
the real spirit of New York.
Certainly, like every nightclub party, there was rivalry,
differences, and any other number of shady events or normal human
interaction issues, but unlike most other dance club experiences,
Body and Soul was true to its name.
Martha Graham once said “I am absorbed in the magic of movement and
light. Movement never lies”.
Body and Soul did not lie to the participants left in the city this
past July 4th weekend. That day in Queens let everyone at PS-1 know
that movement is alive and well in New York City and New York is
still filled with magic.
Thursday, July 02, 2009
Tuesday, June 30, 2009
Atlantic Yards Saga Continues (GlobeSt.com)
Cody Lyon
From www.globest.com
NEW YORK CITY-The Metropolitan Transportation Authority board voted 10 to 2 to sell its 8.5 acres of Vanderbilt Yards property at the planned Atlantic Yards site in Brooklyn to developer Forest City Ratner Cos. for $20 million down, and $80 million spread over the next 21 years. As MTA board chairman H. Dale Hemmerdinger pointed out after the votes were cast on Wednesday, "in real estate, you get what you can when you can."
Despite the latest generosity from the public coffers, the New York Times reported that FCRC needs to raise more than $500 million in bonds by Dec. 31 to build the project’s arena and qualify for tax-exempt status.
Specifically, Wednesday’s vote and subsequent new MTA payment schedule allows the developer to spread out payments until 2031. The new terms compare to FCRC’s 2005 original offer of $100 million up front. Even then, the $100 million FCRC bid was $50 million less than a competing offer from Extell Development Corp. for the property.
In a statement released after the MTA vote, Forest City Ratner sounded almost apologetic, saying “delays due to litigation and a difficult economic environment required the approved changes.” The statement adds “we have worked very hard, however, as have our colleagues in government, to ensure that these changes would in no way impact the overall benefits of the project.”
The project, steeped in years of controversy, litigation and now a dried-up credit market, has evolved into a scaled-down version of what was originally sold to public officials and city residents. More evidence of a project facing challenges arrived on June 5, when despite being the recipient of millions of city and state taxpayer-dollar subsidies, Forest City Ratner admitted the shedding of star architect Frank Gehry. Soon after, renderings surfaced that showed less than dynamic designs for the centerpiece arena portion of the project. On June 8, New York Times architecture critic Nicolai Ourousoff referred to the project renderings as a “monstrosity.”
When asked about the scathing Times critique that lambasted what it called more than a “betrayal of a particular community,” an ESDC spokesman tells GlobeSt.com that a final design and rendering of the project has not been released. The spokesman says that “an initial rendering was released, but that will look very different from the end product.”
In the few hours leading up to Wednesday’s vote, a familiar cast of supporters and opponents waited and chanted softly in a block-long line on Madison Avenue under the watch of armed security men and police dogs. Later, the crowd packed themselves into two large rooms on two separate floors of the MTA headquarters, where several signed up to spend yet another three minutes supporting or defending the project before a set of public agency board members, as many of them had done before the ESDC board a day earlier before it approved the new general project plan.
The MTA board as well as observers heard pro-project arguments that pitched Atlantic Yards as an economic engine of urban renewal, a ray of hope in an economically challenged community hungry for union jobs and affordable housing. Others pointed to the restoration of Brooklyn pride that the promised arrival of an NBA basketball team would bring and collective identity that some say disappeared after the exit of Walter O’Malley’s Dodgers to Los Angeles in 1957.
Project opponents, many of whom lectured board members on the definition of fiduciary duty, described the pending board action as a public giveaway, staged in a time when just a month earlier, the transit agency had been the recipient of a taxpayer-funded bailout. Straphangers Campaign chairman Gene Russianoff told the board it should try to structure a better deal. The group Develop Don’t Destroy Brooklyn even made a counter-offer, $120 million, which it said would place the property into a trust called “Unity.”
Another speaker, the Regional Plan Association’s Neysa Pranger, told board members that while the planning group opposed the deal as currently structured, it should be salvaged, but under stricter provisions. Calling Vanderbilt Yards a ‘major asset’ for the MTA and one of the most important transit oriented development sites in the region, RPA’s public affairs director said the “revised agreement appears simply too meager to sacrifice the long term potential of the site.”
Contacted after Wednesday’s meeting, an MTA spokesman defends the new deal, telling GlobeSt.com the agency “is pleased that we were able to reach an agreement with FCRC that acknowledges the current economic situation while still protecting the MTA’s transportation and financial interests.” Further endorsing the deal’s new terms, the spokesman points out that it means “the construction of a new rail yard sufficient to meet current and future LIRR needs, a new subway entrance at the arena and $100 million [net present value] to help fund MTA capital projects.”
The new GPP includes a scale-back of the original $455 million Vanderbilt Yards upgrade which at seven tracks with a 56 car capacity, is down two tracks from the original nine, which was set to contain capacity for 76 cars.
When asked about MTA’s comments, Pranger tells GlobeSt.com, “if you ask the ESDC or MTA, they say the net present value is the same as FCRC giving $100 million up front.”
She worries that the MTA’s pre-recession anticipation of revenue from Vanderbilt Yards and the West Side Rail Yards property sales blew holes in the MTA’s capital budget. And “that’s a problem, because they are relying on that money now,” she says. A major reason “why they should get more money up front, now,” she says. The deal for the West Side yards, a.k.a. Hudson Yards, has not yet closed as the MTA and the Related Cos. continue negotiating.
Pointing to the impact of nearly frozen credit markets, Pranger says “the MTA is renegotiating the deal with FCRC at a bad time. This negotiation period favors the developer. We thought there should be some caveats for realization of greater MTA revenues down the road if the market changes.”
At the MTA hearing, RPA also suggested that ESDC set up a subsidiary much like the city/state 42nd Street Development Corp. to guide future phases of the development at Atlantic Yards. RPA says that authority should include city, state and community representation that has the authority and professional capacity to evaluate and approve proposed changes in project design.
But an ESDC spokesman defends current efforts at community involvement telling GlobeSt.com, “we have been working with our partners at the city, MTA and FCRC over the past several months to create a modified GPP.”
RPA counters, “we recommend the subsidiary include not just agencies from the MTA and government, but from the community as well.” Pranger says that in the rush to secure the project before the end of the year, this element should not be overlooked.
Responding to the perception that the Atlantic Yards plan is being forced upon the public, ESDC says “one detail that seems to be missing from the majority of the press coverage is that the amended GPP presented on Tuesday was created by ESDC,” and that the new GPP will entail another public hearing, two public forums and a period to submit public written testimony.
Charging that the 22-acre Atlantic Yards site is important, Pranger says a 42nd Street Development Corp.-like subsidiary “could parcel the site out over time, which we think is an important point.” She adds “when you get these major mega projects, you can’t just fork the keys over to the developer.” RPA says “none of our recommendations preclude or eliminate the jobs aspect; they would still be created.”
“Maybe the project takes more time to develop, but at least it gets developed right” says Pranger.
When GlobeSt.com requested comments from City Hall on what’s become the constantly unfolding story of Atlantic Yards and RPA's suggestions, the mayor’s office “respectfully” declined.
Meanwhile, despite years of delay and national economic recovery still a term of speculation ESDC says it is looking forward to bringing “this important project to completion for the benefits of the city and state.” And with more hearings on the horizon, more testimony to be heard, it appears that at least for now, the Atlantic Yards story will only continue to unfold.
From www.globest.com
NEW YORK CITY-The Metropolitan Transportation Authority board voted 10 to 2 to sell its 8.5 acres of Vanderbilt Yards property at the planned Atlantic Yards site in Brooklyn to developer Forest City Ratner Cos. for $20 million down, and $80 million spread over the next 21 years. As MTA board chairman H. Dale Hemmerdinger pointed out after the votes were cast on Wednesday, "in real estate, you get what you can when you can."
Despite the latest generosity from the public coffers, the New York Times reported that FCRC needs to raise more than $500 million in bonds by Dec. 31 to build the project’s arena and qualify for tax-exempt status.
Specifically, Wednesday’s vote and subsequent new MTA payment schedule allows the developer to spread out payments until 2031. The new terms compare to FCRC’s 2005 original offer of $100 million up front. Even then, the $100 million FCRC bid was $50 million less than a competing offer from Extell Development Corp. for the property.
In a statement released after the MTA vote, Forest City Ratner sounded almost apologetic, saying “delays due to litigation and a difficult economic environment required the approved changes.” The statement adds “we have worked very hard, however, as have our colleagues in government, to ensure that these changes would in no way impact the overall benefits of the project.”
The project, steeped in years of controversy, litigation and now a dried-up credit market, has evolved into a scaled-down version of what was originally sold to public officials and city residents. More evidence of a project facing challenges arrived on June 5, when despite being the recipient of millions of city and state taxpayer-dollar subsidies, Forest City Ratner admitted the shedding of star architect Frank Gehry. Soon after, renderings surfaced that showed less than dynamic designs for the centerpiece arena portion of the project. On June 8, New York Times architecture critic Nicolai Ourousoff referred to the project renderings as a “monstrosity.”
When asked about the scathing Times critique that lambasted what it called more than a “betrayal of a particular community,” an ESDC spokesman tells GlobeSt.com that a final design and rendering of the project has not been released. The spokesman says that “an initial rendering was released, but that will look very different from the end product.”
In the few hours leading up to Wednesday’s vote, a familiar cast of supporters and opponents waited and chanted softly in a block-long line on Madison Avenue under the watch of armed security men and police dogs. Later, the crowd packed themselves into two large rooms on two separate floors of the MTA headquarters, where several signed up to spend yet another three minutes supporting or defending the project before a set of public agency board members, as many of them had done before the ESDC board a day earlier before it approved the new general project plan.
The MTA board as well as observers heard pro-project arguments that pitched Atlantic Yards as an economic engine of urban renewal, a ray of hope in an economically challenged community hungry for union jobs and affordable housing. Others pointed to the restoration of Brooklyn pride that the promised arrival of an NBA basketball team would bring and collective identity that some say disappeared after the exit of Walter O’Malley’s Dodgers to Los Angeles in 1957.
Project opponents, many of whom lectured board members on the definition of fiduciary duty, described the pending board action as a public giveaway, staged in a time when just a month earlier, the transit agency had been the recipient of a taxpayer-funded bailout. Straphangers Campaign chairman Gene Russianoff told the board it should try to structure a better deal. The group Develop Don’t Destroy Brooklyn even made a counter-offer, $120 million, which it said would place the property into a trust called “Unity.”
Another speaker, the Regional Plan Association’s Neysa Pranger, told board members that while the planning group opposed the deal as currently structured, it should be salvaged, but under stricter provisions. Calling Vanderbilt Yards a ‘major asset’ for the MTA and one of the most important transit oriented development sites in the region, RPA’s public affairs director said the “revised agreement appears simply too meager to sacrifice the long term potential of the site.”
Contacted after Wednesday’s meeting, an MTA spokesman defends the new deal, telling GlobeSt.com the agency “is pleased that we were able to reach an agreement with FCRC that acknowledges the current economic situation while still protecting the MTA’s transportation and financial interests.” Further endorsing the deal’s new terms, the spokesman points out that it means “the construction of a new rail yard sufficient to meet current and future LIRR needs, a new subway entrance at the arena and $100 million [net present value] to help fund MTA capital projects.”
The new GPP includes a scale-back of the original $455 million Vanderbilt Yards upgrade which at seven tracks with a 56 car capacity, is down two tracks from the original nine, which was set to contain capacity for 76 cars.
When asked about MTA’s comments, Pranger tells GlobeSt.com, “if you ask the ESDC or MTA, they say the net present value is the same as FCRC giving $100 million up front.”
She worries that the MTA’s pre-recession anticipation of revenue from Vanderbilt Yards and the West Side Rail Yards property sales blew holes in the MTA’s capital budget. And “that’s a problem, because they are relying on that money now,” she says. A major reason “why they should get more money up front, now,” she says. The deal for the West Side yards, a.k.a. Hudson Yards, has not yet closed as the MTA and the Related Cos. continue negotiating.
Pointing to the impact of nearly frozen credit markets, Pranger says “the MTA is renegotiating the deal with FCRC at a bad time. This negotiation period favors the developer. We thought there should be some caveats for realization of greater MTA revenues down the road if the market changes.”
At the MTA hearing, RPA also suggested that ESDC set up a subsidiary much like the city/state 42nd Street Development Corp. to guide future phases of the development at Atlantic Yards. RPA says that authority should include city, state and community representation that has the authority and professional capacity to evaluate and approve proposed changes in project design.
But an ESDC spokesman defends current efforts at community involvement telling GlobeSt.com, “we have been working with our partners at the city, MTA and FCRC over the past several months to create a modified GPP.”
RPA counters, “we recommend the subsidiary include not just agencies from the MTA and government, but from the community as well.” Pranger says that in the rush to secure the project before the end of the year, this element should not be overlooked.
Responding to the perception that the Atlantic Yards plan is being forced upon the public, ESDC says “one detail that seems to be missing from the majority of the press coverage is that the amended GPP presented on Tuesday was created by ESDC,” and that the new GPP will entail another public hearing, two public forums and a period to submit public written testimony.
Charging that the 22-acre Atlantic Yards site is important, Pranger says a 42nd Street Development Corp.-like subsidiary “could parcel the site out over time, which we think is an important point.” She adds “when you get these major mega projects, you can’t just fork the keys over to the developer.” RPA says “none of our recommendations preclude or eliminate the jobs aspect; they would still be created.”
“Maybe the project takes more time to develop, but at least it gets developed right” says Pranger.
When GlobeSt.com requested comments from City Hall on what’s become the constantly unfolding story of Atlantic Yards and RPA's suggestions, the mayor’s office “respectfully” declined.
Meanwhile, despite years of delay and national economic recovery still a term of speculation ESDC says it is looking forward to bringing “this important project to completion for the benefits of the city and state.” And with more hearings on the horizon, more testimony to be heard, it appears that at least for now, the Atlantic Yards story will only continue to unfold.
Sunday, June 28, 2009
Tuesday, June 23, 2009
Bloomberg's Frustration grows at WTC
EXCERPT FROM www.globest.com
by Cody Lyon
Link to full story:
http://www.globest.com/news/1437_1437/newyork/179388-1.html?sector=newyork
When it comes to rebuilding the World Trade Center, the Port Authority needs to “figure out a way to come up with something” for financing the project, said Mayor Michael Bloomberg during a radio address on Friday. Staying on message, the mayor cited an earlier joint statement from his office along with New York State Assembly Speaker Sheldon Silver who say “this country’s not going to stand for a hole in the ground,” at Ground Zero.
Implying that both the New Jersey and New York Governors should exert greater influence over decisions at the bi-state agency, Bloomberg suggested that in New York’s case, the PA should also respond to the Mayor, not just the Governor, since many of its larger projects are within New York City borders.
But a spokesperson for Governor David Paterson’s office tells GlobeSt.com that the “Port Authority runs regional transportation facilities; it should remain in the hands of the Governors.”
That said, the Mayor used his air-time to propose tapping into another pool of funds to help finance the WTC project. He told listeners “maybe we can get Congress to help and re-allocate some of the funds for projects that probably aren’t going to get done in the short term, like Moynihan Station.” News reports later quoted Mayoral aides as saying he was talking about $2 billion in un-used tax credits Congress appropriated to city transportation projects after 9/11 including Moynihan Station.
by Cody Lyon
Link to full story:
http://www.globest.com/news/1437_1437/newyork/179388-1.html?sector=newyork
When it comes to rebuilding the World Trade Center, the Port Authority needs to “figure out a way to come up with something” for financing the project, said Mayor Michael Bloomberg during a radio address on Friday. Staying on message, the mayor cited an earlier joint statement from his office along with New York State Assembly Speaker Sheldon Silver who say “this country’s not going to stand for a hole in the ground,” at Ground Zero.
Implying that both the New Jersey and New York Governors should exert greater influence over decisions at the bi-state agency, Bloomberg suggested that in New York’s case, the PA should also respond to the Mayor, not just the Governor, since many of its larger projects are within New York City borders.
But a spokesperson for Governor David Paterson’s office tells GlobeSt.com that the “Port Authority runs regional transportation facilities; it should remain in the hands of the Governors.”
That said, the Mayor used his air-time to propose tapping into another pool of funds to help finance the WTC project. He told listeners “maybe we can get Congress to help and re-allocate some of the funds for projects that probably aren’t going to get done in the short term, like Moynihan Station.” News reports later quoted Mayoral aides as saying he was talking about $2 billion in un-used tax credits Congress appropriated to city transportation projects after 9/11 including Moynihan Station.
Tuesday, June 09, 2009
Mother wins lawsuit Against Hotel for showing Gay Porn
excerpt from EDGE
On October 12, 2007, a Los Angeles County Superior Court jury awarded Edwina McCombs, a Tennessee resident on vacation with her two daughters, then aged 8 and 9, $85,000 after the two little girls were unintentionally exposed to hardcore pornographic material in a Value Lodge motel room in the suburban town of Artesia. According to the plaintiff law firm, the material had included "close up images of people engaged in sodomy and homosexual acts."
Link to full story below:
http://www.edgeboston.com/index.php?ch=news&sc=glbt&sc3=&id=51963&pg=1
On October 12, 2007, a Los Angeles County Superior Court jury awarded Edwina McCombs, a Tennessee resident on vacation with her two daughters, then aged 8 and 9, $85,000 after the two little girls were unintentionally exposed to hardcore pornographic material in a Value Lodge motel room in the suburban town of Artesia. According to the plaintiff law firm, the material had included "close up images of people engaged in sodomy and homosexual acts."
Link to full story below:
http://www.edgeboston.com/index.php?ch=news&sc=glbt&sc3=&id=51963&pg=1
ELMHURST- (Real Deal)
Heeding the siren call...of Elmhurst
October 01, 2007 12:00AM By Cody Lyon and James Kelly
Elmhurst is a relatively quiet neighborhood in northwest Queens not known for much new residential development. But that reputation may change as the area is expected to add more than 120 condo and rental units to its inventory, including two controversial projects by developer James Pi that are back on track after having been stalled since February 2005.
Two new high-end condominium projects -- the C Condo at 79-35 Calamus Avenue and the Miramar Building at 81-14 Queens Boulevard -- and two large rental projects by Pi have been built or are in the process of being built.
The developments are being marketed to a demographic that's largely new to Elmhurst: professionals who work in Manhattan and who have been priced out of Queens neighborhoods closer to the city. C Condo, developed by the Criterion Group, is a four-story, 14-unit luxury building. It has sold more than half of its units since sales began in March.
"It's much harder to bring buyers from the city to Elmhurst than to Long Island City or Astoria, or parts of Brooklyn," said Adriano Hultmann, a senior associate broker at the Corcoran Group, who is marketing C Condo.
However, with significantly lower prices per square foot, Elmhurst seeks to compete. Hultmann said, "The average price per square foot of a unit in our project is $425. The same apartment in Astoria would be at least $600, in Long Island City maybe over $725, and in certain parts of Brooklyn over $800."
The remaining units at C Condo are priced from $280,000 for a 620-square-foot one-bedroom to $525,000 for a 1,200-square-foot three-bedroom, two-bath apartment. Parking spaces are selling for around $20,000.
In the past, developers have had little incentive to start new condo and rental projects in Elmhurst because its large immigrant population has at least in part seen the neighborhood as a pass-through zone rather than a destination. They often establish themselves with a starter home, then upgrade to a larger residence or move out of the neighborhood within a few years, said Jeff Silverbush, owner of Century 21 Best Realty, the neighborhood's largest brokerage. Also, resales of the neighborhood's old single-family detached and small multifamily buildings provided sufficient housing supply so as to not warrant new projects by developers, brokers said.
According to Century 21 Best Realty, homes turn over in Elmhurst an average of just over three years, compared to a city average of four years and a national average of seven.
Elmhurst homes also turn over faster than those in neighboring communities. County assessor data show 248 home sales in Elmhurst from 2005 to 2006, compared to 117 in nearby Rego Park and 183 in Maspeth Park, two areas that border Elmhurst.
Expected to bring noticeable change to the area, Pi Capital Partners is developing two mixed-use luxury rental apartment buildings at Elmhurst's busiest intersection, Queens Boulevard and Broadway. One of these, a four-story, 82-unit building at 86-03 Broadway, is slated to break ground by the end of the year. The ground floor will feature some retail -- offers have already arrived from Staples and furniture retailer Raymour & Flanigan -- and a community facility for either a nonprofit or a day-care center.
Jerry Pi, an operating partner of Pi Capital and son of developer James, was born and raised in Queens. He said the company views Elmhurst as the next economic boom center in Queens.
The area boasts the country's most profitable mall per square foot, Queens Center, as well as smaller commercial strips along Queens Boulevard and Broadway with medical offices, restaurants and furniture and clothing stores.
"The areas [in Queens] that are going to see development in the next few years are Jackson Heights, Astoria and Elmhurst, and Elmhurst has a huge advantage because of the mall and the large volume of consumer spending," Pi said.
In comparison, he argues that Long Island City, Sunnyside and Flushing are overpriced and only offer good opportunities for developers "who really know what they're doing."
In early 2005, when Pi Capital first unveiled its plans, the rental buildings were to be 16 and 17 stories and would have drastically changed the shape of Elmhurst's skyline. Community Board 4 residents, angered by the proposal, came out in full force at a city land use committee meeting in February 2005, claiming that beyond being an eyesore, such an addition of residential units would be a burden on the neighborhood's infrastructure, including the police, fire department and schools. New plans for 86-03 Broadway, described in an interview with Jerry Pi, cut the building down by 12 stories to only four stories, and the building does not include condominiums as before.
Because the project is located above a subway line, it requires special approval by the MTA. Jerry Pi said this would be worked out within the next few months.
Pi Capital Partners' other rental and commercial project is planned a few blocks away at 86-15 Queens Boulevard and is expected to break ground in 2009. The developer is waiting for a Wendy's lease on the site to expire. Pi said that while the specifics of the second building have not yet been decided, the building should be completely designed and approved by the time the fast-food restaurant leaves.
Still, it remains to be seen how strong demand will be for new condos and rentals in Elmhurst.
The Miramar Building, designed by architect Peter Casini and located down the street from Pi's project, won an award for best new mixed-use construction in Queens last year from the borough's Chamber of Commerce, but has only sold half of its 30 units since sales began in July 2006. Prices in the complex range from $279,000 for a studio to $900,000 for the two-bedroom penthouse. Sales were also slow at the beginning of this year at the nearby 42-unit Boulevard Condominium at 81-15 Queens Boulevard, brokers said.
Hultmann remains upbeat about Elmhurst as several of the remaining units at C Condo are going into contract. He predicts the area will continue to blossom as more and more Manhattan residents, tired of paying large sums for smaller spaces, will discover areas in Queens like Elmhurst.
"There is this fear of the unknown," he said of Manhattanites who wait for others to become pioneers in outlying neighborhoods, a fear that may be eased by the relative bargain of living in Elmhurst.
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Kuz
Jerry Pi did not grow up in Queens I went to High School with him on Long Island.
Comment #1 Posted By: Kuz 10/28/08
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October 01, 2007 12:00AM By Cody Lyon and James Kelly
Elmhurst is a relatively quiet neighborhood in northwest Queens not known for much new residential development. But that reputation may change as the area is expected to add more than 120 condo and rental units to its inventory, including two controversial projects by developer James Pi that are back on track after having been stalled since February 2005.
Two new high-end condominium projects -- the C Condo at 79-35 Calamus Avenue and the Miramar Building at 81-14 Queens Boulevard -- and two large rental projects by Pi have been built or are in the process of being built.
The developments are being marketed to a demographic that's largely new to Elmhurst: professionals who work in Manhattan and who have been priced out of Queens neighborhoods closer to the city. C Condo, developed by the Criterion Group, is a four-story, 14-unit luxury building. It has sold more than half of its units since sales began in March.
"It's much harder to bring buyers from the city to Elmhurst than to Long Island City or Astoria, or parts of Brooklyn," said Adriano Hultmann, a senior associate broker at the Corcoran Group, who is marketing C Condo.
However, with significantly lower prices per square foot, Elmhurst seeks to compete. Hultmann said, "The average price per square foot of a unit in our project is $425. The same apartment in Astoria would be at least $600, in Long Island City maybe over $725, and in certain parts of Brooklyn over $800."
The remaining units at C Condo are priced from $280,000 for a 620-square-foot one-bedroom to $525,000 for a 1,200-square-foot three-bedroom, two-bath apartment. Parking spaces are selling for around $20,000.
In the past, developers have had little incentive to start new condo and rental projects in Elmhurst because its large immigrant population has at least in part seen the neighborhood as a pass-through zone rather than a destination. They often establish themselves with a starter home, then upgrade to a larger residence or move out of the neighborhood within a few years, said Jeff Silverbush, owner of Century 21 Best Realty, the neighborhood's largest brokerage. Also, resales of the neighborhood's old single-family detached and small multifamily buildings provided sufficient housing supply so as to not warrant new projects by developers, brokers said.
According to Century 21 Best Realty, homes turn over in Elmhurst an average of just over three years, compared to a city average of four years and a national average of seven.
Elmhurst homes also turn over faster than those in neighboring communities. County assessor data show 248 home sales in Elmhurst from 2005 to 2006, compared to 117 in nearby Rego Park and 183 in Maspeth Park, two areas that border Elmhurst.
Expected to bring noticeable change to the area, Pi Capital Partners is developing two mixed-use luxury rental apartment buildings at Elmhurst's busiest intersection, Queens Boulevard and Broadway. One of these, a four-story, 82-unit building at 86-03 Broadway, is slated to break ground by the end of the year. The ground floor will feature some retail -- offers have already arrived from Staples and furniture retailer Raymour & Flanigan -- and a community facility for either a nonprofit or a day-care center.
Jerry Pi, an operating partner of Pi Capital and son of developer James, was born and raised in Queens. He said the company views Elmhurst as the next economic boom center in Queens.
The area boasts the country's most profitable mall per square foot, Queens Center, as well as smaller commercial strips along Queens Boulevard and Broadway with medical offices, restaurants and furniture and clothing stores.
"The areas [in Queens] that are going to see development in the next few years are Jackson Heights, Astoria and Elmhurst, and Elmhurst has a huge advantage because of the mall and the large volume of consumer spending," Pi said.
In comparison, he argues that Long Island City, Sunnyside and Flushing are overpriced and only offer good opportunities for developers "who really know what they're doing."
In early 2005, when Pi Capital first unveiled its plans, the rental buildings were to be 16 and 17 stories and would have drastically changed the shape of Elmhurst's skyline. Community Board 4 residents, angered by the proposal, came out in full force at a city land use committee meeting in February 2005, claiming that beyond being an eyesore, such an addition of residential units would be a burden on the neighborhood's infrastructure, including the police, fire department and schools. New plans for 86-03 Broadway, described in an interview with Jerry Pi, cut the building down by 12 stories to only four stories, and the building does not include condominiums as before.
Because the project is located above a subway line, it requires special approval by the MTA. Jerry Pi said this would be worked out within the next few months.
Pi Capital Partners' other rental and commercial project is planned a few blocks away at 86-15 Queens Boulevard and is expected to break ground in 2009. The developer is waiting for a Wendy's lease on the site to expire. Pi said that while the specifics of the second building have not yet been decided, the building should be completely designed and approved by the time the fast-food restaurant leaves.
Still, it remains to be seen how strong demand will be for new condos and rentals in Elmhurst.
The Miramar Building, designed by architect Peter Casini and located down the street from Pi's project, won an award for best new mixed-use construction in Queens last year from the borough's Chamber of Commerce, but has only sold half of its 30 units since sales began in July 2006. Prices in the complex range from $279,000 for a studio to $900,000 for the two-bedroom penthouse. Sales were also slow at the beginning of this year at the nearby 42-unit Boulevard Condominium at 81-15 Queens Boulevard, brokers said.
Hultmann remains upbeat about Elmhurst as several of the remaining units at C Condo are going into contract. He predicts the area will continue to blossom as more and more Manhattan residents, tired of paying large sums for smaller spaces, will discover areas in Queens like Elmhurst.
"There is this fear of the unknown," he said of Manhattanites who wait for others to become pioneers in outlying neighborhoods, a fear that may be eased by the relative bargain of living in Elmhurst.
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Kuz
Jerry Pi did not grow up in Queens I went to High School with him on Long Island.
Comment #1 Posted By: Kuz 10/28/08
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The Grim News of January...(GLOBEST.Com)
Last updated: January 16, 2009 11:23am ULI Panel: More Grim News ULI Panel: More Grim News ULI Panel: More Grim News ULI Panel: More Grim News By Cody Lyon NEW YORK CITY-An early morning crowd of real estate and financial experts was served yet another platter of gloomy news during the Urban Land Institute's "Economic and Real Estate Outlook: 2009 and Beyond" breakfast on Thursday. The packed house heard economists Mark Zandi and Dr. Sam Chandan offer details, predictions and sermons warning of at least two more years of economic adjustments, challenges and hardship. "We're going to suffer the worst downturn since the great depression," said Zandi, chief economist at Moody's Economy.com Moody's Economy.com Moody's Economy.com Moody's Economy.com . A year ago, Zandi, along with a few other noted economists, said the job market was operating at stall speed. In a wire report that appeared in the Dallas Morning News, Zandi forewarned ''either something is going to revive the economy quickly or we're going to get into an unraveling, vicious cycle of declining spending and even weaker job growth." Fast forward 12 months to the ULI breakfast in Midtown, where Zandi, marveling at how rapidly his earlier prediction came true, said that in his 25 years as an economist, "it's about as bad as I've ever seen it." Attempting to lay blame, Zandi said house prices roughly doubled in the first half of the decade, then the process of mortgage securitization, the process of global investor dollars and turning those dollars into mortgages of US homeowners was all fundamentally flawed. "No one in this process had the responsibility of making sure that the loans being made were good loans," he said. Zandi said one of the hallmarks of this particular recession is over-levered consumers who are struggling to manage debt loads and record delinquencies. President and chief economist at Real Estate Economics LLC, Chandan later added that over the course of '09, a challenge the real estate community will have to face head-on is the rising delinquency and default rate. "That default and delinquency will significantly impact the way our market is perceived as an investment class," he said. In 2008, the nation saw 1,400 commercial real estate transactions, down from 4,400 in 2007. And as of November in New York City, commercial real estate deals had fallen off by 61%. Zandi
Chandan said the ways by which public policy sought to support the commercial real estate market in '09 will be a significant factor in terms of judging and accessing the outcomes for the sector for the next year or two. "For the last part of '08 and now the first part of '09, there has been no CMBS market to speak of, and that has been particularly problematic," said Chandan. "By mid-'07, CMBS had become the dominant source of credit availability within the real estate space." Through most of '08, the banks had stepped up where they engaged in reasonable levels of underwriting, Chandan said. But he added that by the end of Q3, the balances on the books of commercial banks for commercial real estate were actually in decline. Even still, Zandi said the best illustration of the overall downturn's severity was the job market. "Nationally, we lost 500,000 jobs in December, which means since those declines began, the nation has seen 2.6 million jobs disappear." Zandi noted that it is the largest continuous employment decline since the end of World War II. He said that here in New York City, thus far, the local economy had held up by most measures when compared to the rest of the nation. However, he predicted that '09 will prove to be extraordinarily difficult, and that given the troubles brewing in the financial service industry, the city will be in for some of its hardest knocks to date. The fact is, this past August, the New York City Economic Development Corp. reported that the city's financial services sector employed just over 344,000. As Zander noted, the financial services industry is still the engine of growth in the city, although in terms of absolute jobs, it represents only around 10% of the overall job base. But in terms of income, those jobs have fueled 25% of the economy. Attempting to frame his prediction as optimistic, Zandi said that '09 would usher in the loss of 250,000 jobs and that by 2010, another 50,000 would join them. Zandi said one could write a book about how the country ended up in the current mess--and noted that in fact he had, written such a book, Financial Shock, a phrase that could describe the look on ULI attendees' faces by the end of the event. He added that the country was in the "third wave," a combination of flippers and speculators with negative equity conditions buying amid rising unemployment. He said that's a problem that will continue to rise through '10 and beyond unless there are significant policy changes. "The losses have undermined all the capital based in the system," he told the audience. "I can see the magnitude of the loans originated in the boom-bubble period from 2004 to '07." Calling the current situation a panic, Zandi said the genesis was the September '08 weekend the federal government took over Fannnie Mae and Freddie Mac. When that happened, it crystallized in the minds of investors that no financial institution is safe. Zandi predicted a 21-month long recession, with no roaring back to health as in recessions past. "I suspect it will be 2011 when people start feeling better."
Chandan said the ways by which public policy sought to support the commercial real estate market in '09 will be a significant factor in terms of judging and accessing the outcomes for the sector for the next year or two. "For the last part of '08 and now the first part of '09, there has been no CMBS market to speak of, and that has been particularly problematic," said Chandan. "By mid-'07, CMBS had become the dominant source of credit availability within the real estate space." Through most of '08, the banks had stepped up where they engaged in reasonable levels of underwriting, Chandan said. But he added that by the end of Q3, the balances on the books of commercial banks for commercial real estate were actually in decline. Even still, Zandi said the best illustration of the overall downturn's severity was the job market. "Nationally, we lost 500,000 jobs in December, which means since those declines began, the nation has seen 2.6 million jobs disappear." Zandi noted that it is the largest continuous employment decline since the end of World War II. He said that here in New York City, thus far, the local economy had held up by most measures when compared to the rest of the nation. However, he predicted that '09 will prove to be extraordinarily difficult, and that given the troubles brewing in the financial service industry, the city will be in for some of its hardest knocks to date. The fact is, this past August, the New York City Economic Development Corp. reported that the city's financial services sector employed just over 344,000. As Zander noted, the financial services industry is still the engine of growth in the city, although in terms of absolute jobs, it represents only around 10% of the overall job base. But in terms of income, those jobs have fueled 25% of the economy. Attempting to frame his prediction as optimistic, Zandi said that '09 would usher in the loss of 250,000 jobs and that by 2010, another 50,000 would join them. Zandi said one could write a book about how the country ended up in the current mess--and noted that in fact he had, written such a book, Financial Shock, a phrase that could describe the look on ULI attendees' faces by the end of the event. He added that the country was in the "third wave," a combination of flippers and speculators with negative equity conditions buying amid rising unemployment. He said that's a problem that will continue to rise through '10 and beyond unless there are significant policy changes. "The losses have undermined all the capital based in the system," he told the audience. "I can see the magnitude of the loans originated in the boom-bubble period from 2004 to '07." Calling the current situation a panic, Zandi said the genesis was the September '08 weekend the federal government took over Fannnie Mae and Freddie Mac. When that happened, it crystallized in the minds of investors that no financial institution is safe. Zandi predicted a 21-month long recession, with no roaring back to health as in recessions past. "I suspect it will be 2011 when people start feeling better."
Remembering the MTA crisis
MTA Nears ‘Doomsday;’ Still No Albany Action
Subtitle
GlobeSt.com | April 30, 2009
Author
By Cody Lyon
Author Title
Original Filename
Sander
world
NEW YORK CITY-If Albany fails to reach a workable solution to close the Metropolitan Transportation Authority's budget gap over the next few days, the daily commutes for eight million New Yorkers will become more expensive, and the time it takes to get from point A to B, will increase markedly. In addition to decreased rail service, several bus routes will disappear on weekends and evenings while others disappear entirely. In fact, if a new funding mechanism does not see consensus at the state capital, the city that never sleeps may eventually see a complete shutdown of the transit system during late evening hours, under a "beyond doomsday" scenario MTA outlined on Wednesday after revealing that its deficit is even wider than originally forecast.
Fallout from what the MTA calls its "doomsday" plan has begun to spur outrage among city residents. On Tuesday afternoon, transit advocates came together with concerned citizens in Manhattan's Union Square, raising their voices against the proposed cuts. One speaker, 76-year-old resident Carl Van Putten of Hunts Point, shouted "where I live, we're not talking about inconvenience, we're talking about survival." Speakers at the event, largely organized on social networking site Facebook, sought to persuade attendees that New York City's economic backbone is its transit system and without it, the entire city suffers unimaginable trauma.
"I think it's a big myth that's been around for around 50 years that New York is somehow not a mass transit town," Wiley Norvell, communications director for the group Transportation Alternatives, told GlobeSt.com as trains rumbled underneath during another rush hour at the Union Square subway hub.
According to the MTA, a plethora of service cuts will be phased in over the next few weeks and months. The cuts began Thursday, as the traditional seasonal Long Island Rail Road service to Belmont Park was eliminated. But perhaps the true reality of the crisis will begin to settle in on May 31--when fare hikes of up to 29% are set to start on the subways and buses, with LIRR and Metro-North following suit the next day.
Then, June 28, train service cuts begin on a set of subway lines that reads like an elementary school chalkboard. The A, D, E F G N, Q and R lines will all see significant service reductions that day. Meanwhile, a list over two pages long details bus routes that will be either sharply reduced or eliminated entirely cutting off entire neighborhoods from the transit network.
"The people who will lose out the most on these cuts are people from Brooklyn, Queens and the Bronx who when they lose their neighborhood bus lines lose their public transit altogether," Norvell told GlobeSt.com.
Blame has largely centered on members of the state Senate who have made their opposition to bridge tolls widely known. Norvell makes no qualms about it, saying it was the Senate that was essentially blocking the proposed plan constructed by former MTA chairman Richard Ravitch's commission. Speaking to what he called the shared pain contained in the Ravitch proposal, Norvell says the plan is the only way the state can raise $2 billion in a politically expedient way.
Introduced last December, the Ravitch plan would have instituted a payroll tax in the 12 counties served by the MTA, implemented a $5 toll on East River and Harlem River bridges and increased fares on the subways moderately. The plan called for a transfer ownership of the East and Harlem River bridges from the city to the MTA, a process that Ravitch described in 2008 as "very complicated."
Despite complications associated with the transfers, Gov. David Paterson strongly supported the plan, as did regional leaders including Assembly Speaker Sheldon Silver. "The speaker was supportive and is strongly supportive of the underlying concept behind the Ravitch Plan which is that all of those who benefit from the public transit system should share in its cost," a spokesman for Silver tells GlobeSt.com.
The spokesman stresses that the people who benefit from the MTA aren't just its actual users, but also businesses and motorists who benefit indirectly, as with drivers who enjoy less congested roadways. "The speaker often talks about the last transit strike, when it took up to three hours to travel from Brooklyn into Manhattan," he says.
MTA leadership, including executive director Elliot Sander, endorsed the plan, saying it was fair and offered both a lifeline for continued operation, but also a means to continue progressing capital improvements and opening windows to future infrastructural improvement and expansion. But opposition to the bridge tolls stood in the way leading Silver to introduce a compromise plan, reducing the bridge-crossing fee to $2 from $5.
However, some Ravitch plan opponents says it was not opposition to bridge tolls per se, but instead what they call yet another fiscally irresponsible mechanism for raising much needed revenue. "Senate Majority Leader Malcom Smith's opposition to bridge tolls is not politically motivated," a Smith spokesman tells GlobeSt.com. "If the MTA assumes ownership of the bridges to collect tolls, they actually assume ownership of four of the oldest suspension bridges in the country. Over the course or the next few years, it's very likely, to almost certain, those bridges will incur significant costs for maintenance, upkeep and general deterioration. He adds that those costs would be passed on to straphangers.
Nonetheless, the severity of the crisis required the Senate to introduce its own plan, which did away with bridge tolls. The most recent Senate version being touted by Smith would include a tax on rental cars, fees on drivers' licenses and a $1 per drop-off fee on taxi drivers--with the exception of livery cabs.
Smith's spokesman says that contrary to critics, including state comptroller Thomas DiNapoli, the numbers in the Senate plan unequivocally add up. However, he adds that Sen. Smith is open to discussing improvements on the Senate legislation.
"We understand that we have to come together to clean up this mess we inherited, and the senator is confident that over the course of the next week, we'll be able to do just that," Smith's spokesman tells GlobeSt.com, adding that "the MTA has displayed years of gross mismanagement and fiscal irresponsibility."
Silver's office says there are a number of ideas on the table, and as of Thursday, conversations continue. "If there's a plan in the Senate that has the 32 votes to pass, it's something the speaker is going to look at," says the spokesman for Silver.
The most vocal opponents to the bridge toll aspect proposed in the Ravitch plan have been state Senators Karl Krueger of Brooklyn's district 27, Rueben Diaz of the Bronx's district 32 and Pedro Espada from the Bronx's district 33. On March 26, Espada insisted to GlobeSt.com that it was the need for increased financial transparency and accountability that the MTA needed to show the State Senate. Saying his district hadn't seen real capital improvements in its subway lines, Espada said the MTA needed to present an actual capital plan to the legislature before the Senate would approve any revenue streams.
However, alluding to automobile commuters, Espada said the MTA rescue must not have a disproportionate impact on any single group of constituents in his district, as well as throughout the city and Westchester, Nassau and Suffolk Counties. As GlobeSt.com reported on April 21, of the 77,284 residents of Espada's district who commute daily, 54,348 take public transit while only 22,936 drive an automobile.
Toll controversies aside, the MTA's doomsday budget was in great part related to the effects of what has turned into a severe economic recession, more specifically the transit agency's dependence on a volatile real estate market's revenue and taxes. "Month to month revenue the MTA takes in from real estate taxes and other sources of revenue fluctuate quite a bit," an MTA spokesman tells GlobeSt.com.
He adds "those taxes are sensitive to the health of the regional economy, the worldwide and global economy really." The spokesman tells GlobeSt.com that the MTA had forecast some reduction from real estate taxes, but the magnitude in the drop "has been beyond what we had forecast."
According to data provided by the MTA, around 8.75% of the agency's budget needs are met by real estate taxes. When broken down, a complex myriad of collection and distribution methods emerge. The tax formula is composed of two major components: the urban tax and the mortgage recording tax.
Urban taxes consist of two taxes applied to certain commercial real property transactions and commercial mortgage recordings within New York City. Tax receipts are available only for transit purposes in New York City with 90% of the receipts earmarked for New York City Transit general operations and 6% used for the partial reimbursement of NYCT "para-transit cost." The remaining 4% earmarked as subsidy for the New York City private buses; the city is currently utilizing these funds to reimburse MTA Bus expenses.
MRTs consist of two separate taxes on mortgages collected in the 12-county region served by the MTA. The first, MRT-1, is imposed on the borrower for recorded mortgages of real property, subject to certain exclusions, at the rate of 0.3% of the debt secured, raised from 0.25% in June 2005. Money collected from the MRT-1 must be applied, first, to meet MTA headquarters operating expenses and, second, to make deposits into the NYCT Account--55% of the remaining amount--and the Commuter Railroad account--45% of the remaining amount.
MRT-2 is imposed on the institutional lender of certain mortgages secured by real estate structures containing one to six dwelling units in the MTA's service area at a rate of 0.25%. MRT-2 gets applied first by the MTA, transferring an amount in excess of $5 million each year to Dutchess, Orange and Rockland Counties based on a formula found on page II-29 in the MTA's Preliminary budget. In 2007, this transfer was $32.9 million, says MTA's spokesman. Second, MRT-2 money is used to pay MTA operating and capital costs, including debt service and debt service reserve requirements if any exist.
Subtitle
GlobeSt.com | April 30, 2009
Author
By Cody Lyon
Author Title
Original Filename
Sander
world
NEW YORK CITY-If Albany fails to reach a workable solution to close the Metropolitan Transportation Authority's budget gap over the next few days, the daily commutes for eight million New Yorkers will become more expensive, and the time it takes to get from point A to B, will increase markedly. In addition to decreased rail service, several bus routes will disappear on weekends and evenings while others disappear entirely. In fact, if a new funding mechanism does not see consensus at the state capital, the city that never sleeps may eventually see a complete shutdown of the transit system during late evening hours, under a "beyond doomsday" scenario MTA outlined on Wednesday after revealing that its deficit is even wider than originally forecast.
Fallout from what the MTA calls its "doomsday" plan has begun to spur outrage among city residents. On Tuesday afternoon, transit advocates came together with concerned citizens in Manhattan's Union Square, raising their voices against the proposed cuts. One speaker, 76-year-old resident Carl Van Putten of Hunts Point, shouted "where I live, we're not talking about inconvenience, we're talking about survival." Speakers at the event, largely organized on social networking site Facebook, sought to persuade attendees that New York City's economic backbone is its transit system and without it, the entire city suffers unimaginable trauma.
"I think it's a big myth that's been around for around 50 years that New York is somehow not a mass transit town," Wiley Norvell, communications director for the group Transportation Alternatives, told GlobeSt.com as trains rumbled underneath during another rush hour at the Union Square subway hub.
According to the MTA, a plethora of service cuts will be phased in over the next few weeks and months. The cuts began Thursday, as the traditional seasonal Long Island Rail Road service to Belmont Park was eliminated. But perhaps the true reality of the crisis will begin to settle in on May 31--when fare hikes of up to 29% are set to start on the subways and buses, with LIRR and Metro-North following suit the next day.
Then, June 28, train service cuts begin on a set of subway lines that reads like an elementary school chalkboard. The A, D, E F G N, Q and R lines will all see significant service reductions that day. Meanwhile, a list over two pages long details bus routes that will be either sharply reduced or eliminated entirely cutting off entire neighborhoods from the transit network.
"The people who will lose out the most on these cuts are people from Brooklyn, Queens and the Bronx who when they lose their neighborhood bus lines lose their public transit altogether," Norvell told GlobeSt.com.
Blame has largely centered on members of the state Senate who have made their opposition to bridge tolls widely known. Norvell makes no qualms about it, saying it was the Senate that was essentially blocking the proposed plan constructed by former MTA chairman Richard Ravitch's commission. Speaking to what he called the shared pain contained in the Ravitch proposal, Norvell says the plan is the only way the state can raise $2 billion in a politically expedient way.
Introduced last December, the Ravitch plan would have instituted a payroll tax in the 12 counties served by the MTA, implemented a $5 toll on East River and Harlem River bridges and increased fares on the subways moderately. The plan called for a transfer ownership of the East and Harlem River bridges from the city to the MTA, a process that Ravitch described in 2008 as "very complicated."
Despite complications associated with the transfers, Gov. David Paterson strongly supported the plan, as did regional leaders including Assembly Speaker Sheldon Silver. "The speaker was supportive and is strongly supportive of the underlying concept behind the Ravitch Plan which is that all of those who benefit from the public transit system should share in its cost," a spokesman for Silver tells GlobeSt.com.
The spokesman stresses that the people who benefit from the MTA aren't just its actual users, but also businesses and motorists who benefit indirectly, as with drivers who enjoy less congested roadways. "The speaker often talks about the last transit strike, when it took up to three hours to travel from Brooklyn into Manhattan," he says.
MTA leadership, including executive director Elliot Sander, endorsed the plan, saying it was fair and offered both a lifeline for continued operation, but also a means to continue progressing capital improvements and opening windows to future infrastructural improvement and expansion. But opposition to the bridge tolls stood in the way leading Silver to introduce a compromise plan, reducing the bridge-crossing fee to $2 from $5.
However, some Ravitch plan opponents says it was not opposition to bridge tolls per se, but instead what they call yet another fiscally irresponsible mechanism for raising much needed revenue. "Senate Majority Leader Malcom Smith's opposition to bridge tolls is not politically motivated," a Smith spokesman tells GlobeSt.com. "If the MTA assumes ownership of the bridges to collect tolls, they actually assume ownership of four of the oldest suspension bridges in the country. Over the course or the next few years, it's very likely, to almost certain, those bridges will incur significant costs for maintenance, upkeep and general deterioration. He adds that those costs would be passed on to straphangers.
Nonetheless, the severity of the crisis required the Senate to introduce its own plan, which did away with bridge tolls. The most recent Senate version being touted by Smith would include a tax on rental cars, fees on drivers' licenses and a $1 per drop-off fee on taxi drivers--with the exception of livery cabs.
Smith's spokesman says that contrary to critics, including state comptroller Thomas DiNapoli, the numbers in the Senate plan unequivocally add up. However, he adds that Sen. Smith is open to discussing improvements on the Senate legislation.
"We understand that we have to come together to clean up this mess we inherited, and the senator is confident that over the course of the next week, we'll be able to do just that," Smith's spokesman tells GlobeSt.com, adding that "the MTA has displayed years of gross mismanagement and fiscal irresponsibility."
Silver's office says there are a number of ideas on the table, and as of Thursday, conversations continue. "If there's a plan in the Senate that has the 32 votes to pass, it's something the speaker is going to look at," says the spokesman for Silver.
The most vocal opponents to the bridge toll aspect proposed in the Ravitch plan have been state Senators Karl Krueger of Brooklyn's district 27, Rueben Diaz of the Bronx's district 32 and Pedro Espada from the Bronx's district 33. On March 26, Espada insisted to GlobeSt.com that it was the need for increased financial transparency and accountability that the MTA needed to show the State Senate. Saying his district hadn't seen real capital improvements in its subway lines, Espada said the MTA needed to present an actual capital plan to the legislature before the Senate would approve any revenue streams.
However, alluding to automobile commuters, Espada said the MTA rescue must not have a disproportionate impact on any single group of constituents in his district, as well as throughout the city and Westchester, Nassau and Suffolk Counties. As GlobeSt.com reported on April 21, of the 77,284 residents of Espada's district who commute daily, 54,348 take public transit while only 22,936 drive an automobile.
Toll controversies aside, the MTA's doomsday budget was in great part related to the effects of what has turned into a severe economic recession, more specifically the transit agency's dependence on a volatile real estate market's revenue and taxes. "Month to month revenue the MTA takes in from real estate taxes and other sources of revenue fluctuate quite a bit," an MTA spokesman tells GlobeSt.com.
He adds "those taxes are sensitive to the health of the regional economy, the worldwide and global economy really." The spokesman tells GlobeSt.com that the MTA had forecast some reduction from real estate taxes, but the magnitude in the drop "has been beyond what we had forecast."
According to data provided by the MTA, around 8.75% of the agency's budget needs are met by real estate taxes. When broken down, a complex myriad of collection and distribution methods emerge. The tax formula is composed of two major components: the urban tax and the mortgage recording tax.
Urban taxes consist of two taxes applied to certain commercial real property transactions and commercial mortgage recordings within New York City. Tax receipts are available only for transit purposes in New York City with 90% of the receipts earmarked for New York City Transit general operations and 6% used for the partial reimbursement of NYCT "para-transit cost." The remaining 4% earmarked as subsidy for the New York City private buses; the city is currently utilizing these funds to reimburse MTA Bus expenses.
MRTs consist of two separate taxes on mortgages collected in the 12-county region served by the MTA. The first, MRT-1, is imposed on the borrower for recorded mortgages of real property, subject to certain exclusions, at the rate of 0.3% of the debt secured, raised from 0.25% in June 2005. Money collected from the MRT-1 must be applied, first, to meet MTA headquarters operating expenses and, second, to make deposits into the NYCT Account--55% of the remaining amount--and the Commuter Railroad account--45% of the remaining amount.
MRT-2 is imposed on the institutional lender of certain mortgages secured by real estate structures containing one to six dwelling units in the MTA's service area at a rate of 0.25%. MRT-2 gets applied first by the MTA, transferring an amount in excess of $5 million each year to Dutchess, Orange and Rockland Counties based on a formula found on page II-29 in the MTA's Preliminary budget. In 2007, this transfer was $32.9 million, says MTA's spokesman. Second, MRT-2 money is used to pay MTA operating and capital costs, including debt service and debt service reserve requirements if any exist.
New York Governor Touts New Innovation Economy
EXCERPT FROM GLOBEST.COM
http://www.globest.com/news/1427_1427/newyork/179119-1.html
Cody Lyon
In an effort to create new jobs, New York Gov. David Paterson said Monday that the state would set aside $100 million for new "Innovation Economy Matching Grants" meant to drive federal stimulus dollars towards New York State research facilities and institutions. But, despite broad pronouncements and a pummeled financial services industry, questions remain on how best to incubate and diversify new economic engines in a city where the cost of doing business remains so high.
Speaking to an audience at the New York Academy of Sciences at 7 World Trade Center in Lower Manhattan, Paterson noted that the average salary of an individual working in the "innovation economy" is over double the salary in the "non-innovation economy," adding later in a release that those jobs produce a "higher multiplier effect." In other words, for every one created in this sector, 3.5 jobs get created overall.
"It is our responsibility to act, and to act with the interests of future generations in mind," the governor said Monday. "We are a state rich in resources, the most impressive of which is our human capital." Pointing out worldwide economic trends, Paterson said "a new economy is emerging: an economy based on knowledge, technology and innovation."
Full Text:
http://www.globest.com/news/1427_1427/newyork/179119-1.html
http://www.globest.com/news/1427_1427/newyork/179119-1.html
Cody Lyon
In an effort to create new jobs, New York Gov. David Paterson said Monday that the state would set aside $100 million for new "Innovation Economy Matching Grants" meant to drive federal stimulus dollars towards New York State research facilities and institutions. But, despite broad pronouncements and a pummeled financial services industry, questions remain on how best to incubate and diversify new economic engines in a city where the cost of doing business remains so high.
Speaking to an audience at the New York Academy of Sciences at 7 World Trade Center in Lower Manhattan, Paterson noted that the average salary of an individual working in the "innovation economy" is over double the salary in the "non-innovation economy," adding later in a release that those jobs produce a "higher multiplier effect." In other words, for every one created in this sector, 3.5 jobs get created overall.
"It is our responsibility to act, and to act with the interests of future generations in mind," the governor said Monday. "We are a state rich in resources, the most impressive of which is our human capital." Pointing out worldwide economic trends, Paterson said "a new economy is emerging: an economy based on knowledge, technology and innovation."
Full Text:
http://www.globest.com/news/1427_1427/newyork/179119-1.html
Friday, May 01, 2009
MTA Nears Doomsday: NYC Subway Could See PM Shutdowns: What led to this?
Excerpt from globeSt.com story
by Cody Lyon
NEW YORK CITY-If Albany fails to reach a workable solution to close the Metropolitan Transportation Authority’s budget gap over the next few days, the daily commutes for eight million New Yorkers will become more expensive, and the time it takes to get from point A to B, will increase markedly. In addition to decreased rail service, several bus routes will disappear on weekends and evenings while others disappear entirely. In fact, if a new funding mechanism does not see consensus at the state capital, the city that never sleeps may eventually see a complete shutdown of the transit system during late evening hours, under a “beyond doomsday” scenario MTA outlined on Wednesday after revealing that its deficit is even wider than originally forecast.
Fallout from what the MTA calls its “doomsday” plan has begun to spur outrage among city residents. On Tuesday afternoon, transit advocates came together with concerned citizens in Manhattan’s Union Square, raising their voices against the proposed cuts. One speaker, 76-year-old resident Carl Van Putten of Hunts Point, shouted “where I live, we’re not talking about inconvenience, we’re talking about survival.” Speakers at the event, largely organized on social networking site Facebook, sought to persuade attendees that New York City’s economic backbone is its transit system and without it, the entire city suffers unimaginable trauma.
“I think it’s a big myth that’s been around for around 50 years that New York is somehow not a mass transit town,” Wiley Norvell, communications director for the group Transportation Alternatives, told GlobeSt.com as trains rumbled underneath during another rush hour at the Union Square subway hub.
According to the MTA, a plethora of service cuts will be phased in over the next few weeks and months. The cuts began Thursday, as the traditional seasonal Long Island Rail Road service to Belmont Park was eliminated. But perhaps the true reality of the crisis will begin to settle in on May 31--when fare hikes of up to 29% are set to start on the subways and buses, with LIRR and Metro-North following suit the next day.
Then, June 28, train service cuts begin on a set of subway lines that reads like an elementary school chalkboard. The A, D, E F G N, Q and R lines will all see significant service reductions that day. Meanwhile, a list over two pages long details bus routes that will be either sharply reduced or eliminated entirely cutting off entire neighborhoods from the transit network.
Liink to full story at www.globest.com
by Cody Lyon
NEW YORK CITY-If Albany fails to reach a workable solution to close the Metropolitan Transportation Authority’s budget gap over the next few days, the daily commutes for eight million New Yorkers will become more expensive, and the time it takes to get from point A to B, will increase markedly. In addition to decreased rail service, several bus routes will disappear on weekends and evenings while others disappear entirely. In fact, if a new funding mechanism does not see consensus at the state capital, the city that never sleeps may eventually see a complete shutdown of the transit system during late evening hours, under a “beyond doomsday” scenario MTA outlined on Wednesday after revealing that its deficit is even wider than originally forecast.
Fallout from what the MTA calls its “doomsday” plan has begun to spur outrage among city residents. On Tuesday afternoon, transit advocates came together with concerned citizens in Manhattan’s Union Square, raising their voices against the proposed cuts. One speaker, 76-year-old resident Carl Van Putten of Hunts Point, shouted “where I live, we’re not talking about inconvenience, we’re talking about survival.” Speakers at the event, largely organized on social networking site Facebook, sought to persuade attendees that New York City’s economic backbone is its transit system and without it, the entire city suffers unimaginable trauma.
“I think it’s a big myth that’s been around for around 50 years that New York is somehow not a mass transit town,” Wiley Norvell, communications director for the group Transportation Alternatives, told GlobeSt.com as trains rumbled underneath during another rush hour at the Union Square subway hub.
According to the MTA, a plethora of service cuts will be phased in over the next few weeks and months. The cuts began Thursday, as the traditional seasonal Long Island Rail Road service to Belmont Park was eliminated. But perhaps the true reality of the crisis will begin to settle in on May 31--when fare hikes of up to 29% are set to start on the subways and buses, with LIRR and Metro-North following suit the next day.
Then, June 28, train service cuts begin on a set of subway lines that reads like an elementary school chalkboard. The A, D, E F G N, Q and R lines will all see significant service reductions that day. Meanwhile, a list over two pages long details bus routes that will be either sharply reduced or eliminated entirely cutting off entire neighborhoods from the transit network.
Liink to full story at www.globest.com
Saturday, April 11, 2009
Bullying, Suicide and The Golden Rule
Bullying, Suicide and The Golden Rule
by Cody Lyon
Today's America is markedly different than it was when I was growing up in 1970's Alabama. While much among us has changed for the better, especially in the realms of official equality and social justice, mean-ness, as my Grandmother would have called it, still runs rampant throughout our society. One need only go online and read headlines from across the country that detail economic inequity, corruption and acts of brutal violence that have in many ways numbed our souls. Clearly, the biblical Golden rule that would have us do unto others, as we would do unto them, is still an afterthought, perhaps forgotten by many.
Compounding the daily litany of horror stories is a constantly arriving stream of evidence that we've all been living on borrowed dimes, that excess and corruption have run rampant in our financial foundations, that thousands have died in wars sold on misinformation and elements within our government are still under the influence of powerful self serving interests. All accounted for, then pondered, one worries about how best to change the direction of what some might call a wayward ways.
Perhaps too you wonder how best to change the minds of those still infected by narrow thinking, where self interest, misconstrued messages and fear distort calls for teaching tolerance, acceptance and respect in schools. Instead, you watch as those messages get spun as radical, sinful or part of some greater 'sexuality' associated agenda. It becomes further frustrating when you know those calls are in fact based in hope and faith that with each passing generation, decency becomes a mantle by which to live life, a community connected, where the goal is to treat one another with respect.
And, then, hopes for the future become further frustrated as a headline reaches out grabs you, saddens,enrages, and then, sets you back.
According to published news reports, this past Monday, an 11 year old Massachusetts boy, Carl Joseph Walker-Hoover went to the top room at his family's home in Springfield, and hung himself. Reportedly, his Mother had said that he made this tragic decision after enduring the taunts and bullying by other children. His Mother says she'd plead with school officials at the New Leadership Charter School, where he'd tried to make friends to intervene. But instead, he was made fun of for his clothing, called "gay" and threatened with physical harm. He would have turned 12 on April 17.
The Gay Lesbian and Straight Education Network, or GLSEN, a national education organization that seeks to ensure safe learning environments for all students, says that Walker-Hoover is the fourth middle school aged child's suicide linked to bullying this year. GLSEN says a vast number of children who suffer at the hands of bullies, often encounter anti-gay taunting and often, physical violence. As most adults outside liberal enclaves in the North east or West coast know, being openly gay is sometimes not an option, unless one is truly brave. And, as research shows, society's often quiet acceptance of intolerance trickles down to children, where gay or fag is often the insult de-jour, often meant to inflict the ultimate in hurt and pain.
No doubt, it's a cruel world out there and kids will grow into adults who will encounter 'mean-ness' throughout their lives in one form or another. And certainly, calling on kids to stop calling one another names might be seen as, interference by adults, maybe even some sort of censorship by PC elitist forces that are out of touch with the more harsh realities on the ground in many communities throughout America, a land where bullying is the last thing on anyone's mind right now. But, perhaps the tragic death of Carl Joseph Walker-Hoover should give us all pause. As we ponder this sad news, maybe we ought to ask ourselves a question or two.
If we are to truly reconcile the tremendous positive social changes we've seen since my childhood with the contradictory rot of corruption that has permeated so much of our society, should we not demand that our future generations prepare for future challenges in institutions where respect, tolerance and the Golden rule is just that, a rule that is enforced? Does an adult demanding that a child treat his fellow child the way he or she would want to be treated smell of radicalism or part of an agenda? This is not about asking anyone to accept anything other than human decency.
by Cody Lyon
Today's America is markedly different than it was when I was growing up in 1970's Alabama. While much among us has changed for the better, especially in the realms of official equality and social justice, mean-ness, as my Grandmother would have called it, still runs rampant throughout our society. One need only go online and read headlines from across the country that detail economic inequity, corruption and acts of brutal violence that have in many ways numbed our souls. Clearly, the biblical Golden rule that would have us do unto others, as we would do unto them, is still an afterthought, perhaps forgotten by many.
Compounding the daily litany of horror stories is a constantly arriving stream of evidence that we've all been living on borrowed dimes, that excess and corruption have run rampant in our financial foundations, that thousands have died in wars sold on misinformation and elements within our government are still under the influence of powerful self serving interests. All accounted for, then pondered, one worries about how best to change the direction of what some might call a wayward ways.
Perhaps too you wonder how best to change the minds of those still infected by narrow thinking, where self interest, misconstrued messages and fear distort calls for teaching tolerance, acceptance and respect in schools. Instead, you watch as those messages get spun as radical, sinful or part of some greater 'sexuality' associated agenda. It becomes further frustrating when you know those calls are in fact based in hope and faith that with each passing generation, decency becomes a mantle by which to live life, a community connected, where the goal is to treat one another with respect.
And, then, hopes for the future become further frustrated as a headline reaches out grabs you, saddens,enrages, and then, sets you back.
According to published news reports, this past Monday, an 11 year old Massachusetts boy, Carl Joseph Walker-Hoover went to the top room at his family's home in Springfield, and hung himself. Reportedly, his Mother had said that he made this tragic decision after enduring the taunts and bullying by other children. His Mother says she'd plead with school officials at the New Leadership Charter School, where he'd tried to make friends to intervene. But instead, he was made fun of for his clothing, called "gay" and threatened with physical harm. He would have turned 12 on April 17.
The Gay Lesbian and Straight Education Network, or GLSEN, a national education organization that seeks to ensure safe learning environments for all students, says that Walker-Hoover is the fourth middle school aged child's suicide linked to bullying this year. GLSEN says a vast number of children who suffer at the hands of bullies, often encounter anti-gay taunting and often, physical violence. As most adults outside liberal enclaves in the North east or West coast know, being openly gay is sometimes not an option, unless one is truly brave. And, as research shows, society's often quiet acceptance of intolerance trickles down to children, where gay or fag is often the insult de-jour, often meant to inflict the ultimate in hurt and pain.
No doubt, it's a cruel world out there and kids will grow into adults who will encounter 'mean-ness' throughout their lives in one form or another. And certainly, calling on kids to stop calling one another names might be seen as, interference by adults, maybe even some sort of censorship by PC elitist forces that are out of touch with the more harsh realities on the ground in many communities throughout America, a land where bullying is the last thing on anyone's mind right now. But, perhaps the tragic death of Carl Joseph Walker-Hoover should give us all pause. As we ponder this sad news, maybe we ought to ask ourselves a question or two.
If we are to truly reconcile the tremendous positive social changes we've seen since my childhood with the contradictory rot of corruption that has permeated so much of our society, should we not demand that our future generations prepare for future challenges in institutions where respect, tolerance and the Golden rule is just that, a rule that is enforced? Does an adult demanding that a child treat his fellow child the way he or she would want to be treated smell of radicalism or part of an agenda? This is not about asking anyone to accept anything other than human decency.
Friday, March 13, 2009
NYS Attorney General says Regulation Encourages Growth/Competition (globeSt.
Excerpt from Incisive Media's www.globest.com story
by Cody Lyon
LINK TO FULL STORY
The attorney general told the mostly under-40 audience, "I’m trying to sort through the economic issues, the Wall Street issues" adding that problems first have to be exposed, then people have to believe you understand them and that justice was done with the problem.
Comparing the rapid spread of the current crisis to that of a computer virus, Cuomo stressed that competition in business has to adhere to rules and penalties, much like those in the world of sports. He charged that allowing competition to go unfettered much as it had been during the past eight years, got us where we are today.
In the rapid cadence of a sermon, Cuomo recalled a pattern where "one party gets more aggressive, it causes the other party to get more aggressive, one person pushes the edge of the envelope while the competitor has to push the edge of the same envelope" and "then you get to the place where you have 110% loan to value on a mortgage," to which he paused and asked the audience, "why?" then answered "because the housing value will always go up. Since when is that the new assumption we’ve accepted into the marketplace?"
by Cody Lyon
LINK TO FULL STORY
The attorney general told the mostly under-40 audience, "I’m trying to sort through the economic issues, the Wall Street issues" adding that problems first have to be exposed, then people have to believe you understand them and that justice was done with the problem.
Comparing the rapid spread of the current crisis to that of a computer virus, Cuomo stressed that competition in business has to adhere to rules and penalties, much like those in the world of sports. He charged that allowing competition to go unfettered much as it had been during the past eight years, got us where we are today.
In the rapid cadence of a sermon, Cuomo recalled a pattern where "one party gets more aggressive, it causes the other party to get more aggressive, one person pushes the edge of the envelope while the competitor has to push the edge of the same envelope" and "then you get to the place where you have 110% loan to value on a mortgage," to which he paused and asked the audience, "why?" then answered "because the housing value will always go up. Since when is that the new assumption we’ve accepted into the marketplace?"
Tuesday, February 24, 2009
The Nation's Crumbling Infrastructure and the Stimulus (Real Estate New York)
from RENY-Digital and www.globest.com copyright Incisive Media
Link to digital version of magazine
by Cody Lyon
Analysis feature takes in depth look at the nation's crumbling bridges, highways, tunnels and energy grid. Also discussed, transformative infrastructure and how investments could change the face of the country. But also, questions about why government has not stepped up investment in the country's physical economic backbone.
Link to digital version of magazine
by Cody Lyon
Analysis feature takes in depth look at the nation's crumbling bridges, highways, tunnels and energy grid. Also discussed, transformative infrastructure and how investments could change the face of the country. But also, questions about why government has not stepped up investment in the country's physical economic backbone.
Thursday, February 05, 2009
Developer Procida's 100 Day Plan to Save Real Estate and the Economy
LINK TO MY STORY AT GLOBEST.COM
Procida has been promoting his Plan 100 for a few months now. He argues that instead of funneling billions of dollars into the nation’s largest banks, the federal government should deploy $100 million, each, to 100 local investment managers. Those managers would then be required to purchase defaulted loans and make new loans to customers within 100 days. He says there is tremendous flexibility on the number of managers, but no compromise on the amount of time those investors would be able to hold the cash.
"Time is the key to the plan," Procida tells GlobeSt.com. "If the government had told the banks they had 100 days to deploy the capital they were given, you and I wouldn’t even be talking now."
But Procida is talking, and he says he has been attempting to capture the attention of policy makers while hoping to further inject his 100-day plan into the national conversation. Procida says he began writing the Obama transition team last Nov. 25, when he introduced himself and his plan. He stressed an emphasis on localization and a return to banking and business fundamentals. Nine days later, on Dec. 4, Procida wrote again.
Procida has been promoting his Plan 100 for a few months now. He argues that instead of funneling billions of dollars into the nation’s largest banks, the federal government should deploy $100 million, each, to 100 local investment managers. Those managers would then be required to purchase defaulted loans and make new loans to customers within 100 days. He says there is tremendous flexibility on the number of managers, but no compromise on the amount of time those investors would be able to hold the cash.
"Time is the key to the plan," Procida tells GlobeSt.com. "If the government had told the banks they had 100 days to deploy the capital they were given, you and I wouldn’t even be talking now."
But Procida is talking, and he says he has been attempting to capture the attention of policy makers while hoping to further inject his 100-day plan into the national conversation. Procida says he began writing the Obama transition team last Nov. 25, when he introduced himself and his plan. He stressed an emphasis on localization and a return to banking and business fundamentals. Nine days later, on Dec. 4, Procida wrote again.
Tuesday, January 27, 2009
How bad will it Get? Economist Dent says much worse (GLOBEST)
From my story at GlobeSt.com
NEW YORK CITY-The current downturn is no ordinary economic crisis and nothing like it has been seen since the 1930s, economist Harry S. Dent told a CoreNet Global audience here on Friday. Author of The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History, Dent warned attendees at the CoreNet luncheon not to expect miracles from President Barack Obama’s stimulus package.
Wednesday, January 14, 2009
(GlobeSt.com) NYC: No 70's Reruns
by Cody Lyon
GlobeSt.com
LINK TO FULL TEXT at GlobeSt
Since 2005, New York City has claimed the distinct title as America’s safest large city—in other words, home to the lowest per capita crime rate among the nation’s 25 largest cities. That distinction is the apex of a years-long trend that has increased and solidified the city’s remarkable appeal as a place to work and live.
“Look at the quality of life afforded by a cleaner, safer city,” says James Lansill, senior managing director at Corcoran Sunshine Realty. He’s referring to the transformation of New York City, once perceived as simply crowded, foreboding and dangerous, into what might be appropriately seen as the nation’s urban crown jewel.
While there is no sociological consensus on what spurred that transformation, the timeline of crime that peaked during the crack cocaine epidemic of the 1980s indicates that marked dips can be traced to the years after 1993, when the nation and city began a period of economic resurgence.
But this was also a period when New York City began to rely more heavily on tax revenue from the financial sector as other industries dried up or downsized. Soon, the new infusions from Wall Street were helping pay for extensive but vital public services, including beefed up law enforcement.
LINK to Story
GlobeSt.com
LINK TO FULL TEXT at GlobeSt
Since 2005, New York City has claimed the distinct title as America’s safest large city—in other words, home to the lowest per capita crime rate among the nation’s 25 largest cities. That distinction is the apex of a years-long trend that has increased and solidified the city’s remarkable appeal as a place to work and live.
“Look at the quality of life afforded by a cleaner, safer city,” says James Lansill, senior managing director at Corcoran Sunshine Realty. He’s referring to the transformation of New York City, once perceived as simply crowded, foreboding and dangerous, into what might be appropriately seen as the nation’s urban crown jewel.
While there is no sociological consensus on what spurred that transformation, the timeline of crime that peaked during the crack cocaine epidemic of the 1980s indicates that marked dips can be traced to the years after 1993, when the nation and city began a period of economic resurgence.
But this was also a period when New York City began to rely more heavily on tax revenue from the financial sector as other industries dried up or downsized. Soon, the new infusions from Wall Street were helping pay for extensive but vital public services, including beefed up law enforcement.
LINK to Story
Thursday, January 08, 2009
(REUTERS) Israel accused by Red Cross
Israel accused by Red Cross (Reuters)
(02:19) Report
Jan 8 - The ICRC says Israel held up ambulances for days while starving children waited for help beside the bodies of their dead mothers.
The neutral International Committee of the Red Cross is accusing Israel of breaching international humanitarian law.
The Israeli army said any serious allegations would be investigated properly on receipt of a formal complaint.
Paul Chapman reports.
(02:19) Report
Jan 8 - The ICRC says Israel held up ambulances for days while starving children waited for help beside the bodies of their dead mothers.
The neutral International Committee of the Red Cross is accusing Israel of breaching international humanitarian law.
The Israeli army said any serious allegations would be investigated properly on receipt of a formal complaint.
Paul Chapman reports.
(REUTERS) Inside Gaza with the Israeli army
Inside Gaza with the Israeli army (REUTERS)
(01:39) Report
Jan 8 - A group of foreign television crews have been allowed into Gaza for the first time since the start of Israel's offensive, but restricted to accompanying Israeli troops.
The first footage captured by an embedded TV crew showed Israeli forces preparing for their entry and then crossing the border in tanks and armoured personnel carriers (APCs).
Once inside the Strip, the soldiers moved from house to house, with a muzzled dog, securing the locations.
Sonia Legg report
(01:39) Report
Jan 8 - A group of foreign television crews have been allowed into Gaza for the first time since the start of Israel's offensive, but restricted to accompanying Israeli troops.
The first footage captured by an embedded TV crew showed Israeli forces preparing for their entry and then crossing the border in tanks and armoured personnel carriers (APCs).
Once inside the Strip, the soldiers moved from house to house, with a muzzled dog, securing the locations.
Sonia Legg report
Monday, January 05, 2009
Nightmare After Christmas shows need for Air Passenger Bill of Rights
By Cody Lyon
The United States Department of Transportation says there is no federal requirement for airlines to compensate passengers who have been stranded because of a delayed or canceled flight.
That was a spooky post holiday truth I learned first hand in Milwaukee Wisconsin this past December 27 during an Air Tran airlines connection point on the way from Atlanta to New York City. The hours-long incident was a reminder that there is little, if any government oversight of some of our most basic but important consumer activities, like commercial airline travel.
Some might say, with the exception of safety, United States airline passengers are basically at the mercy of a profit driven business where passengers are basically left to their own devices to get from point A to B, almost like fighting your way onto the subway or buying a burger at a busy Manhattan McDonalds.
In most cases, if a flight is canceled, an airline will re-book you on the first available flight to your destination at no additional charge. But, as was the case in my experience, finding extra seats could prove difficult, especially if you’re out and about over the holidays. In a nutshell, this led to a couple of hours of travel trauma as my fellow passengers and I tried to make it back to New York City.
That night, flight, #514 from Milwaukee to New York, was the last leg of a long itinerary that had been delayed earlier because of mechanical problems in Tampa. Originally scheduled to depart Milwaukee at just after 5, the plane was eventually boarded at around 8:00 pm instead. Once all the passengers were seated, stowed, etc., the pilot unexpectedly came on the plane’s intercom and made an announcement saying we would all have to leave the plane. Apparently, there was a legal issue that involved the number of hours the onboard flight crew had worked.
These were problems beyond the airline’s control, but it was what happened after we had de-planed some might call questionable. To us on that plane, the next few hours were a sign that America’s airports are temples of chaos and abuse. If that night in Milwaukee is any indication of a greater picture, airlines are allowed to operate with no clear rules of consumer protection or mandated guidelines guaranteed by government oversight.
Back in Milwaukee, at around 9:00 pm after all the passengers had left the Air Tran flight confused and irritated, we watched as uniformed Milwaukee law enforcement officers slowly strolled up to the gate and perched against the podium as the agents on duty filled us in. Obviously, the arrival of “the law” signaled that the news passengers were about to get, would probably spark tempers among the passengers, some who were already barking at agents. Clearly, the agents had been through this sort of thing before.
But repeat performance or not, traveler anger was understandable. The agents told us there was nothing they could really do. Instead, passengers were told to call 1866-airtran and reschedule another flight to New York. It was then that the truly frightening moments of the evening arrived.
Most of us assumed that “rescheduling” meant we’d be booked on a flight that following day. But alas, ignorance is bliss.
In fact, when some passengers made the call to Air Tran’s customer service line, they were told the earliest they could fly would be the following Thursday, better known as New Years Day. The reason being that earlier Air Air Tran flights from Milwaukee to New York were booked solid.
I called right away, and was initially told Tuesday would be the earliest I could get home, but while speaking on the phone begging the agent for something earlier, she paused, then casually told me, oh well, ‘now that flight’s full,’ which then put me at Thursday as well.
The problem was, I had to work that following Monday. I felt the tears knocking on the door in this room full of strangers as a sense of helpless rage infected my soul. As I began to boil over, one of the uniformed Milwaukee deputies eyed me and after I exclaimed a loud “Oh No!” he told me to grow up and act like a man.
Truth be told, Air Tran agents on the scene and phone were clearly ill prepared for the questions they were being peppered with and that included: could other airlines accommodate us, what about a hotel room and others, instead the agents on duty ducked heads and typed furiously into the screens in front of them as they told the furious interrogators they were ‘checking on it.’
But then, after an hour or so of more tears, chaos and childlike confusion, one of the agents took a microphone and shouted to the stranded group that events were developing fast, that in fact, we might be leaving Milwaukee at 5 am that following morning. But, by then, a cloud of suspicion hung over the airport leading most in the room to not watch and question every move, not trusting anything they were hearing.
In fact, once the group fully understood the problem was due to over worked flight attendants, a few passengers decided to take things into their own hands and began begging and offering money to arriving flight attendants deplaning other planes, begging them to accompany us on the New York flight.
In the end, cash tips from passengers weren’t necessary.
Behind the scenes, a new plan was taking shape. Flight 514’s pilot was busy making phone calls to other planes. Along the way, he apparently secured another flight crew to fly with us to New York. Now, we wouldn’t have to wait a few days or until 5:00 am, but instead, it looked as if we would fly to La Guradia as soon as the new replacement crew landed in Milwaukee, scheduled for around midnight that same evening.
By the time the new crew arrived, the on edge passengers had bonded thanks to the shared trauma of it all. Some said they were shocked at America’s apparent lack of control over the beasts it had apparently created through full deregulation.
There were sweet moments in the night that included meeting several interesting individuals, including a New York Social worker who worked with elderly clients, a teacher and a former neighbor from the East Village. And, we all enjoyed an assortment of snacks and free soft drinks, provided by Air Tran. In addition to the snacks, we were compensated with a free round trip ticket any place that Air Tran flies, including Cancun, Puerto Rico or Alaska.
We arrived in Queens at around 430 am, around seven hours late.
In the end, nothing excuses the fact that many of us were almost stranded in an unfamiliar city for what could have been days. What if some of us had placed our employment in jeopardy by missing work? And, while it may seem petty, what about our holiday plans?
The truth is, if it hadn’t been for caring and diligent pilots along with the flight attendants who took our flight some of the passengers on Air Tran-Flight 514 might still be eating Wisconsin Cheese.
Perhaps its time for consumers to demand that government take cooperative steps with airlines in establishing some form of reasonable passenger rights legislation. Perhaps then, not only will Americans feel safer about flying, they might have time to relax as well and still enjoy hopefully reasonable air fares in the future.
The United States Department of Transportation says there is no federal requirement for airlines to compensate passengers who have been stranded because of a delayed or canceled flight.
That was a spooky post holiday truth I learned first hand in Milwaukee Wisconsin this past December 27 during an Air Tran airlines connection point on the way from Atlanta to New York City. The hours-long incident was a reminder that there is little, if any government oversight of some of our most basic but important consumer activities, like commercial airline travel.
Some might say, with the exception of safety, United States airline passengers are basically at the mercy of a profit driven business where passengers are basically left to their own devices to get from point A to B, almost like fighting your way onto the subway or buying a burger at a busy Manhattan McDonalds.
In most cases, if a flight is canceled, an airline will re-book you on the first available flight to your destination at no additional charge. But, as was the case in my experience, finding extra seats could prove difficult, especially if you’re out and about over the holidays. In a nutshell, this led to a couple of hours of travel trauma as my fellow passengers and I tried to make it back to New York City.
That night, flight, #514 from Milwaukee to New York, was the last leg of a long itinerary that had been delayed earlier because of mechanical problems in Tampa. Originally scheduled to depart Milwaukee at just after 5, the plane was eventually boarded at around 8:00 pm instead. Once all the passengers were seated, stowed, etc., the pilot unexpectedly came on the plane’s intercom and made an announcement saying we would all have to leave the plane. Apparently, there was a legal issue that involved the number of hours the onboard flight crew had worked.
These were problems beyond the airline’s control, but it was what happened after we had de-planed some might call questionable. To us on that plane, the next few hours were a sign that America’s airports are temples of chaos and abuse. If that night in Milwaukee is any indication of a greater picture, airlines are allowed to operate with no clear rules of consumer protection or mandated guidelines guaranteed by government oversight.
Back in Milwaukee, at around 9:00 pm after all the passengers had left the Air Tran flight confused and irritated, we watched as uniformed Milwaukee law enforcement officers slowly strolled up to the gate and perched against the podium as the agents on duty filled us in. Obviously, the arrival of “the law” signaled that the news passengers were about to get, would probably spark tempers among the passengers, some who were already barking at agents. Clearly, the agents had been through this sort of thing before.
But repeat performance or not, traveler anger was understandable. The agents told us there was nothing they could really do. Instead, passengers were told to call 1866-airtran and reschedule another flight to New York. It was then that the truly frightening moments of the evening arrived.
Most of us assumed that “rescheduling” meant we’d be booked on a flight that following day. But alas, ignorance is bliss.
In fact, when some passengers made the call to Air Tran’s customer service line, they were told the earliest they could fly would be the following Thursday, better known as New Years Day. The reason being that earlier Air Air Tran flights from Milwaukee to New York were booked solid.
I called right away, and was initially told Tuesday would be the earliest I could get home, but while speaking on the phone begging the agent for something earlier, she paused, then casually told me, oh well, ‘now that flight’s full,’ which then put me at Thursday as well.
The problem was, I had to work that following Monday. I felt the tears knocking on the door in this room full of strangers as a sense of helpless rage infected my soul. As I began to boil over, one of the uniformed Milwaukee deputies eyed me and after I exclaimed a loud “Oh No!” he told me to grow up and act like a man.
Truth be told, Air Tran agents on the scene and phone were clearly ill prepared for the questions they were being peppered with and that included: could other airlines accommodate us, what about a hotel room and others, instead the agents on duty ducked heads and typed furiously into the screens in front of them as they told the furious interrogators they were ‘checking on it.’
But then, after an hour or so of more tears, chaos and childlike confusion, one of the agents took a microphone and shouted to the stranded group that events were developing fast, that in fact, we might be leaving Milwaukee at 5 am that following morning. But, by then, a cloud of suspicion hung over the airport leading most in the room to not watch and question every move, not trusting anything they were hearing.
In fact, once the group fully understood the problem was due to over worked flight attendants, a few passengers decided to take things into their own hands and began begging and offering money to arriving flight attendants deplaning other planes, begging them to accompany us on the New York flight.
In the end, cash tips from passengers weren’t necessary.
Behind the scenes, a new plan was taking shape. Flight 514’s pilot was busy making phone calls to other planes. Along the way, he apparently secured another flight crew to fly with us to New York. Now, we wouldn’t have to wait a few days or until 5:00 am, but instead, it looked as if we would fly to La Guradia as soon as the new replacement crew landed in Milwaukee, scheduled for around midnight that same evening.
By the time the new crew arrived, the on edge passengers had bonded thanks to the shared trauma of it all. Some said they were shocked at America’s apparent lack of control over the beasts it had apparently created through full deregulation.
There were sweet moments in the night that included meeting several interesting individuals, including a New York Social worker who worked with elderly clients, a teacher and a former neighbor from the East Village. And, we all enjoyed an assortment of snacks and free soft drinks, provided by Air Tran. In addition to the snacks, we were compensated with a free round trip ticket any place that Air Tran flies, including Cancun, Puerto Rico or Alaska.
We arrived in Queens at around 430 am, around seven hours late.
In the end, nothing excuses the fact that many of us were almost stranded in an unfamiliar city for what could have been days. What if some of us had placed our employment in jeopardy by missing work? And, while it may seem petty, what about our holiday plans?
The truth is, if it hadn’t been for caring and diligent pilots along with the flight attendants who took our flight some of the passengers on Air Tran-Flight 514 might still be eating Wisconsin Cheese.
Perhaps its time for consumers to demand that government take cooperative steps with airlines in establishing some form of reasonable passenger rights legislation. Perhaps then, not only will Americans feel safer about flying, they might have time to relax as well and still enjoy hopefully reasonable air fares in the future.
Sunday, January 04, 2009
(From GLOBEST.COM) How Offshore breezes could power 300K homes
(GLOBEST.COM)- ATLANTIC CITY-Ocean breezes, currents and waves could someday provide up to 1,000 megawatts of power to an estimated 300,000 homes in New Jersey if a Seattle developer sees his windfarm project to fruition off the coast here. And, in addition to the mitigation of global warming, the project could prove profitable for the developer and his investors.
Link to (my) story at Globest.com
Link to (my) story at Globest.com
(New York Times) Frank Rich lambasts our last Eight Years
By FRANK RICH
Published: January 3, 2009
WE like our failed presidents to be Shakespearean, or at least large enough to inspire Oscar-worthy performances from magnificent tragedians like Frank Langella. So here, too, George W. Bush has let us down. Even the banality of evil is too grandiose a concept for 43. He is not a memorable villain so much as a sometimes affable second banana whom Josh Brolin and Will Ferrell can nail without breaking a sweat. He’s the reckless Yalie Tom Buchanan, not Gatsby. He is smaller than life.
LINK TO "New York Times" Frank Rich Column
Published: January 3, 2009
WE like our failed presidents to be Shakespearean, or at least large enough to inspire Oscar-worthy performances from magnificent tragedians like Frank Langella. So here, too, George W. Bush has let us down. Even the banality of evil is too grandiose a concept for 43. He is not a memorable villain so much as a sometimes affable second banana whom Josh Brolin and Will Ferrell can nail without breaking a sweat. He’s the reckless Yalie Tom Buchanan, not Gatsby. He is smaller than life.
LINK TO "New York Times" Frank Rich Column
From Reuters: Should Government bailout Newspapers
By Robert MacMillan - Analysis
NEW YORK (Reuters) - Connecticut lawmaker Frank Nicastro sees saving the local newspaper as his duty. But others think he and his colleagues are setting a worrisome precedent for government involvement in the U.S. press.
LINK TO FULL STORY at REUTERS
NEW YORK (Reuters) - Connecticut lawmaker Frank Nicastro sees saving the local newspaper as his duty. But others think he and his colleagues are setting a worrisome precedent for government involvement in the U.S. press.
LINK TO FULL STORY at REUTERS
Thursday, December 18, 2008
Cody Lyon's View of NYC...well a photo at least....
View from 51st Street and 10th Avenue in the "Hell's Kitchen" section of Midtown Manhattan.
12/15/2008
Wednesday, December 17, 2008
Choosing Kennedy would Send Wrong Message
by CODY LYON
by CODY LYON
As is often the case in the empire state, New York is under the spotlight as a bit of drama builds over who Governor David Patterson might pick, if, as planned, current Senator Hillary Clinton resigns some time next year to assume the Secretary of State position. As it stands, a number of worthy names have been whispered here and there, but only a couple of them have made their way to the main stages of discussion, debate and that sometimes annoying media glare from the rest of the country that has always seen New York as a national soap opera.
Among the whispers beyond Cuomo, several women have been floated, women who’ve served New York already, a couple who happen to be Latina and another from Up-State.
Of course, there’s no denying that the biggest name in the bunch, Kennedy, evokes a sense of political reverence, respect and legacy. But in spite of tremendous political accomplishment, the family through no fault of its own, has also come to represent an American dynasty, the oft clichéd version of our royalty.' And while there's nothing wrong with Americans expressing affection for the tradition that comes with royalty, there is reason to question, show concern or perhaps raise flags when one's family genes potentially provide an untested individual with what could be a potentially simple coronation into national political office where the power is more than symbolic.
History books teach us the United States is a free and open Democracy that consists of government by and for the people. So, considering that 'by' essentially equals election, it might seem more fair, that in choosing New York's next Senator, the one set to succeed Hillary Clinton, the Governor might consider appointing an individual who has at least gotten votes for public office, or consider tapping a public official who has earned more tangible political wings beyond being the daughter of one of the nation's most revered presidents and a high profile member of our nation's often romanticized but powerful political dynasties.
Picking Caroline Kennedy to succeed Hillary Clinton as Senator from New York might actually send a contradictory message to Americans, the world, but perhaps more importantly, to the children of New York state. It could, inadvertently impact the spirit of the message the election of Barack Obama reaffirmed, that hopeful and idealistic seed our parents plant when they tell us while we’re still young and naive, that anyone, regardless of race, income and yes, name, can be elected to high office in the United States.
Choosing Caroline Kennedy as the Senator from New York, based on nothing more than her familial association, dilutes that message, and at least on the surface, seems to say that like Royalty, position is indeed an attribute, even a card of entitlement in American politics.
by CODY LYON
As is often the case in the empire state, New York is under the spotlight as a bit of drama builds over who Governor David Patterson might pick, if, as planned, current Senator Hillary Clinton resigns some time next year to assume the Secretary of State position. As it stands, a number of worthy names have been whispered here and there, but only a couple of them have made their way to the main stages of discussion, debate and that sometimes annoying media glare from the rest of the country that has always seen New York as a national soap opera.
Among the whispers beyond Cuomo, several women have been floated, women who’ve served New York already, a couple who happen to be Latina and another from Up-State.
Of course, there’s no denying that the biggest name in the bunch, Kennedy, evokes a sense of political reverence, respect and legacy. But in spite of tremendous political accomplishment, the family through no fault of its own, has also come to represent an American dynasty, the oft clichéd version of our royalty.' And while there's nothing wrong with Americans expressing affection for the tradition that comes with royalty, there is reason to question, show concern or perhaps raise flags when one's family genes potentially provide an untested individual with what could be a potentially simple coronation into national political office where the power is more than symbolic.
History books teach us the United States is a free and open Democracy that consists of government by and for the people. So, considering that 'by' essentially equals election, it might seem more fair, that in choosing New York's next Senator, the one set to succeed Hillary Clinton, the Governor might consider appointing an individual who has at least gotten votes for public office, or consider tapping a public official who has earned more tangible political wings beyond being the daughter of one of the nation's most revered presidents and a high profile member of our nation's often romanticized but powerful political dynasties.
Picking Caroline Kennedy to succeed Hillary Clinton as Senator from New York might actually send a contradictory message to Americans, the world, but perhaps more importantly, to the children of New York state. It could, inadvertently impact the spirit of the message the election of Barack Obama reaffirmed, that hopeful and idealistic seed our parents plant when they tell us while we’re still young and naive, that anyone, regardless of race, income and yes, name, can be elected to high office in the United States.
Choosing Caroline Kennedy as the Senator from New York, based on nothing more than her familial association, dilutes that message, and at least on the surface, seems to say that like Royalty, position is indeed an attribute, even a card of entitlement in American politics.
Monday, December 08, 2008
CBS NEWS '60 Minutes: Saudi Arabia Bullish On Oil's Future
CBS) The good news is that the price of oil is falling - a lot; it's also the bad news if you're determined that the U.S. should kick its addiction to foreign oil. President-elect Barack Obama says now is the time to do that, even with the economy in recession.
But Saudi Arabia, the world's largest oil supplier - with the U.S. as its number one customer - is pulling all the levers and spending billions to keep the oil age going.
60 Minutes correspondent Lesley Stahl went to Saudi Arabia a few weeks ago to meet one of the most powerful men in the world, Ali Al-Naimi, the Saudi oil minister and de facto head of the OPEC oil cartel.
LINK TO FULL STORY AT CBSNEWS
But Saudi Arabia, the world's largest oil supplier - with the U.S. as its number one customer - is pulling all the levers and spending billions to keep the oil age going.
60 Minutes correspondent Lesley Stahl went to Saudi Arabia a few weeks ago to meet one of the most powerful men in the world, Ali Al-Naimi, the Saudi oil minister and de facto head of the OPEC oil cartel.
LINK TO FULL STORY AT CBSNEWS
Thursday, December 04, 2008
7 WTC Lands German Bank on top 3 Floors
Against a backdrop of artist’s renderings of the future World Trade Center complex, Mayor Bloomberg offered praise for Silverstein and his commitment to Downtown, congratulating him on the buildings now reporting 85% occupancy. Financial terms of the lease were not available and neither Silverstein nor WestLB managing director, Connie Kain would comment on the amount the bank will be paying.
WestLB, in New York City since 1975, is moving from its current headquarters at 1211 Avenue of the Americas to floors 50 through 52 of the 1.7-million square-foot building.
Link to my full story at GlobeSt.com
WestLB, in New York City since 1975, is moving from its current headquarters at 1211 Avenue of the Americas to floors 50 through 52 of the 1.7-million square-foot building.
Link to my full story at GlobeSt.com
Saturday, November 22, 2008
An under-discussed potential tragedy if Detroit fails
For some, thoughts of a massive financial bailout for the American Automobile industry strike chords of unease that some might say, reward the lack of innovation and enterprise that has been exhibited by some foreign auto manufacturing competitors. Futher, the auto industry, at least on the surface, has appeared to be in bed with 'big oil' by continuously producing oversized automobiles, ala SUV's and the like, cars that only encouraged a glutinous collective consumption of oil, as if that fossil fuel were pouring from spigots of plenty throughout the world. And, to top things off, executives flew in private jets to plea with leaders in Washington, furthering the epidemic of anger at what many see as a nation where greed and excess rule the day. And, its easy to understand why people subscribe to that image, thus, for vast swaths of America, it's become increasing hard to have sympathy for the legends of American industry and capital.
But there is another side that must be addressed with some sort of legislative mandate because if the auto world of Detroit is allowed to fail and sink behind the veil of protection that bankruptcy provides, the potential for great human tragedy becomes increasingly real for large groups of vulnerable Americans.
Last week, I entered had a conversation with a woman in Alabama, who's husband worked for many years in a union job at a public utility in that state. While she had misgivings about bailing a large industry like automakers, worrying that perhaps, it would lead to a rash of bailouts for other companies in trouble, or at least, calls for more, she also expressed deep worry about people in the same position she's in. She said, who's to say other companies might seek bankruptcy protection and legally do away with 'obligations' to its former employees.
Being the wife of a union retiree, she and her husband are able to survive in tough economic times thanks to a small pension and company healthcare benefits. This Alabama couple's drug costs would bankrupt many, and the struggle to pay bills, simply get by, is cushioned by the benefits negotiated and fought for years ago. Her husband and thousands of other's paid union dues, labor negotiations and more than a few days on picket lines which allowed them to earn a decent living and retire with a sense of security. While there's little chance a public utility will ever be in the same boat as automakers, there is still the fear among those people, those older union family Americans who thought contracts between the union and company was sacred and would always be there once they reached the golden years. The point is, in bankruptcy, the fear is that almost anything is possible, in this case, there is a chance that if the automakers of Detroit are allowed to fail, thousands, if not millions could see their pensions, health insurance and other benefits greatly diminished or simply go away because a judge or arbiter might rule the company can no longer afford to pay for them. That the company's survival is more important than the older people no longer producing product for profit.
It could be that this is the under-discussed potential tragedy of an auto-industry failure.
But there is another side that must be addressed with some sort of legislative mandate because if the auto world of Detroit is allowed to fail and sink behind the veil of protection that bankruptcy provides, the potential for great human tragedy becomes increasingly real for large groups of vulnerable Americans.
Last week, I entered had a conversation with a woman in Alabama, who's husband worked for many years in a union job at a public utility in that state. While she had misgivings about bailing a large industry like automakers, worrying that perhaps, it would lead to a rash of bailouts for other companies in trouble, or at least, calls for more, she also expressed deep worry about people in the same position she's in. She said, who's to say other companies might seek bankruptcy protection and legally do away with 'obligations' to its former employees.
Being the wife of a union retiree, she and her husband are able to survive in tough economic times thanks to a small pension and company healthcare benefits. This Alabama couple's drug costs would bankrupt many, and the struggle to pay bills, simply get by, is cushioned by the benefits negotiated and fought for years ago. Her husband and thousands of other's paid union dues, labor negotiations and more than a few days on picket lines which allowed them to earn a decent living and retire with a sense of security. While there's little chance a public utility will ever be in the same boat as automakers, there is still the fear among those people, those older union family Americans who thought contracts between the union and company was sacred and would always be there once they reached the golden years. The point is, in bankruptcy, the fear is that almost anything is possible, in this case, there is a chance that if the automakers of Detroit are allowed to fail, thousands, if not millions could see their pensions, health insurance and other benefits greatly diminished or simply go away because a judge or arbiter might rule the company can no longer afford to pay for them. That the company's survival is more important than the older people no longer producing product for profit.
It could be that this is the under-discussed potential tragedy of an auto-industry failure.
Thursday, November 20, 2008
Taliban Mosaic (REUTERS)
The Taliban mosiac
(01:57) Report
Nov 19 - Increasing talk about talking to the Taliban comes at a time when some members claim responsibility for killing French soldiers serving in Afghanistan.
When the US first went into Afghanistan, it was to rid the country of the Taliban and prevent al Qaeda from forming a safe haven there.
Deborah Lutterbeck reports.
(01:57) Report
Nov 19 - Increasing talk about talking to the Taliban comes at a time when some members claim responsibility for killing French soldiers serving in Afghanistan.
When the US first went into Afghanistan, it was to rid the country of the Taliban and prevent al Qaeda from forming a safe haven there.
Deborah Lutterbeck reports.
NATO urges African Lead on Pirates (REUTERS)
NATO urges African lead on piracy REUTERS
(01:53) Report
Nov 20 - Alliance chief Jaap de Hoop Scheffer says NATO is committed to helping improve security but expects African states to take the lead in fighting high seas piracy.
There's no shortage of unilateral proposals being made to fight the pirates. But nothing on a coordinated global basis as yet.
The Somalia-based pirates have become increasingly active, now holding at least 13 vessels with more than 270 crew.
Susan Flory reports
(01:53) Report
Nov 20 - Alliance chief Jaap de Hoop Scheffer says NATO is committed to helping improve security but expects African states to take the lead in fighting high seas piracy.
There's no shortage of unilateral proposals being made to fight the pirates. But nothing on a coordinated global basis as yet.
The Somalia-based pirates have become increasingly active, now holding at least 13 vessels with more than 270 crew.
Susan Flory reports
Saturday, November 15, 2008
"Mobile Press Register" New Emails Surface in Siegelman Appeal Case
aturday, November 15, 2008
By BRIAN LYMAN
MOBILE PRESS REGISTER
Capital Bureau
MONTGOMERY — Attorneys for former Gov. Don Siegelman said Friday new allegations of prosecutorial misconduct during his 2006 trial will factor into his upcoming appeal.
An employee in the U.S. Attorney's Office for the Middle District of Alabama has handed the Department of Justice e-mails suggesting that U.S. Attorney Leura Canary discussed the case with prosecutors in 2005, three years after recusing herself over a potential conflict of interest.
The e-mails also suggest improper contact between prosecutors and jurors — including romantic interest expressed by one juror toward a member of the prosecution team — that was not disclosed during the trial.
LINK TO FULL STORY
By BRIAN LYMAN
MOBILE PRESS REGISTER
Capital Bureau
MONTGOMERY — Attorneys for former Gov. Don Siegelman said Friday new allegations of prosecutorial misconduct during his 2006 trial will factor into his upcoming appeal.
An employee in the U.S. Attorney's Office for the Middle District of Alabama has handed the Department of Justice e-mails suggesting that U.S. Attorney Leura Canary discussed the case with prosecutors in 2005, three years after recusing herself over a potential conflict of interest.
The e-mails also suggest improper contact between prosecutors and jurors — including romantic interest expressed by one juror toward a member of the prosecution team — that was not disclosed during the trial.
LINK TO FULL STORY
Monday, November 10, 2008
Tyranny of a Straight Majority?
by CODY LYON-Opinion
On the day after the historic election of Barack Obama as President of the United States and once the tears of joy had stopped flowing from eyes across the nation, a dose of sadness and disillusionment settled upon many members of the country's LGBT community.
Proposition 8 had passed in California. The amendment essentially overturns an earlier California State Supreme court decision that had extended the rights provided by legal marriage to same sex couples.
Leading up to the election, the hopes for an Obama victory were enhanced by the belief that another high profile pothole might be filled on the highway to true equality for gay and lesbian people. Publicly, blame for Prop 8 passage is being directed at a number of entities like the Mormon Church, well organized and moneyed efforts by conservative and right wing organizations from outside California while some have engaged in unfortunate knee-jerk tactics , laying blame on the heavy African American turnout and the tremendous influence of the Black church has in that community.
Before the vote, disturbing whispers of infighting among LGBT organizations who were attempting to lay blame for worrisome poll numbers on various interests, organizations and individuals for not staying focused, careful and on point so as to sway public opinion.
But, after some pause and reflection, one could in fact argue, that despite some truths in the above, most of these charges are simplistic, maybe even lazy but motivated by understandable, justifiable and reactionary anger at what the voters themselves wrought.
The massive No on 8 public relations campaign that sought to impact the California majority's attitudes about same sex marriage was somewhat hasty, perhaps idealistic and maybe even too hopeful. That despite the newfound sense of activism bubbling throughout the LGBT nation, the gay community was set up for disappointment especially since the battleground was California, a state most see assumed to be more socially liberal, a place many assumed to be more tolerant and accepting.
In the end, despite the joy of Obama's landslide, millions of gay people found themselves feeling let down, left behind, it was as this vote was a referendum on all gay people, as if the inclusive mosaic the election seemed to paint along with the supposed more compassionate and progressive tidal wave the election signaled, did not fully include them.
Truth be told, deep inside the souls of countless gay people, little voices were whispering, you, gay person, are still a second class citizen. And, the voices doing the talking were the people, at least the majority so far, who have shown in state after state, they are unwilling to accept the idea of same sex marriage.
The fact is, what happened in California was a reality check. California, the west coast trend setting home of Hollywood and the gay promised land of San Francisco, proved that despite how far the gay rights movement has come and attitudes changed, the majority is, at least now, not willing to extend the legal rights conveyed by marriage to same sex couples. No matter how one spins it, no matter who one seeks to lay blame on, the facts are what they are.
True, the Right played dirty, and no doubt the hyperbole they spewed played a role in the outcome. Funded by millions of dollars from across the right wing stratosphere, all manner of insidious ads, pulpit pleas and viral campaign tactics attempted to spook, prejudice and misinform voters into doubt on Tuesday. There was even the always reliable Anita Bryantesque use of the children, as rumors and lies were spread that, if Prop was not passed, the state's schools would be teaching students about the joys of gay coupling.
But, does all of his beg a greater question about who and how equality is dispensed in America?
Most supporters and experts have said that the road to full marriage equality will be a years long process that travels a highway of state by state activism and struggle. The consensus being, that the courts will pass it off to an eventual federal solution, most likely the Supreme court, provided there is an evolution of public opinion in the ballot box.
But, as indicated by the sobering California vote on Proposition 8, the majority is not always willing to take the necessary steps towards full equality.
At the risk of sounding simplistic, imagine if it had been left up to the majority white population to dispense equality to African Americans in America.
While it would be wrong to equate efforts to secure full marriage equality and the tremendous years long struggle for individual equality, dignity and the ladders of opportunity that were built as a result of the 1960's civil rights movement, there are are clues from history that might be worth studying.
First, it took heroic efforts, foot soldiering and the activism of black leaders who along with thousands of individuals, bravely stood up through countless marches, beatings, demonstrations and tragedy which along the way forced America to look in the mirror and confront the cancer of racism and all it had wrought. Every square inch of the Southern United States region, was essentially segregated.
History shows, the majority of whites, stirred on by segregationist leaders coupled with a fundamental sense of denial that was cushioned by the false comforts of separate but equal, were unwilling to take it upon themselves and tear down the barriers the segregated South presented. It was not until the courts and judges took on cases and allowed morality to rule over what had become the tyranny of the majority in the South.
In 1956, at the time of the Montgomery bus boycott, there was no state wide vote, after then US District Court Judge for the Middle District of Alabama, Frank Johnson, ruled in the Browder v Gale case that Brown v Board decision applied to public transportation as well as public schools, effectively integrating the state capital's bus system.
Subsequent decisions by Judge Johnson led to the integration of Alabama's public accommodations, libraries and agricultural services.
But, it was a later decision that brought out the true rage of many white Alabamians at the time,
After the 1954 Brown v Board Supreme Court decision ruling that separate but equal public schools were un-constutional, throughout the South, individual school districts continued to take their time on full integration. In 1963, most districts in Alabama were still balking at the ruling. But, when faced with the Lee vs Macon County Board of Education case, Judge Johnson issued Alabama's first statewide desegregation order. Johnson bravely endured death threats and other insults as he went against the majority of his home state.
Had it not been for the sense of urgency and the thirst for equality and justice by activists and leaders of the movement coupled with the actions of courts and judges of that time, America may have taken a slower path to the moment we witnessed in this years election.
Interestingly, the very idea that Judge Johnson's decisions would have ever been put before voters is nothing short of laughable.
There are plenty of Southerners, who today, will seek to explain, why, in all the years preceding the Civil Rights movement, they simply believed this was the way we lived, we knew nothing else and sometimes, they will say in no uncertain terms, we were in a state of denial about how difficult it was for a black person to exist with any sense of dignity in the deep south much less to get ahead in a white world.
But, they will also share, that they were taken aback, when they had to be forced to accept that that this way of life, was no longer acceptable, that everything segregation in America stood for, was in fact, the antithesis of what this nation supposedly stood for, that it was in fact unconstitutional. Black people in the south were living in a society where the tyranny of the majority stood firm. If it had not been for the efforts of the movement's soldiers, but also what today might be called by certain politicians, activist judges and courts, the majority may have maintained that un-just status quo even longer.
It appears that most Americans support the injustice of denying same sex couples the almost 700 federal rights and privileges that marriage conveys. But, it also appears that vast portions of the lesbian and gay community have been slow to recognize what passage of amendments like Proposition 8 say about the nation we call home. Perhaps California was a wake up call. Perhaps too, the California decision offered evidence that this section of the fight for full equality may not be won in the public's courtroom of opinion. Instead, the Prop 8 decision might be a call for more intense activism that seeks to challenge the status quo through the courts with the goal being an eventual Supreme Court ruling.
On the day after the historic election of Barack Obama as President of the United States and once the tears of joy had stopped flowing from eyes across the nation, a dose of sadness and disillusionment settled upon many members of the country's LGBT community.
Proposition 8 had passed in California. The amendment essentially overturns an earlier California State Supreme court decision that had extended the rights provided by legal marriage to same sex couples.
Leading up to the election, the hopes for an Obama victory were enhanced by the belief that another high profile pothole might be filled on the highway to true equality for gay and lesbian people. Publicly, blame for Prop 8 passage is being directed at a number of entities like the Mormon Church, well organized and moneyed efforts by conservative and right wing organizations from outside California while some have engaged in unfortunate knee-jerk tactics , laying blame on the heavy African American turnout and the tremendous influence of the Black church has in that community.
Before the vote, disturbing whispers of infighting among LGBT organizations who were attempting to lay blame for worrisome poll numbers on various interests, organizations and individuals for not staying focused, careful and on point so as to sway public opinion.
But, after some pause and reflection, one could in fact argue, that despite some truths in the above, most of these charges are simplistic, maybe even lazy but motivated by understandable, justifiable and reactionary anger at what the voters themselves wrought.
The massive No on 8 public relations campaign that sought to impact the California majority's attitudes about same sex marriage was somewhat hasty, perhaps idealistic and maybe even too hopeful. That despite the newfound sense of activism bubbling throughout the LGBT nation, the gay community was set up for disappointment especially since the battleground was California, a state most see assumed to be more socially liberal, a place many assumed to be more tolerant and accepting.
In the end, despite the joy of Obama's landslide, millions of gay people found themselves feeling let down, left behind, it was as this vote was a referendum on all gay people, as if the inclusive mosaic the election seemed to paint along with the supposed more compassionate and progressive tidal wave the election signaled, did not fully include them.
Truth be told, deep inside the souls of countless gay people, little voices were whispering, you, gay person, are still a second class citizen. And, the voices doing the talking were the people, at least the majority so far, who have shown in state after state, they are unwilling to accept the idea of same sex marriage.
The fact is, what happened in California was a reality check. California, the west coast trend setting home of Hollywood and the gay promised land of San Francisco, proved that despite how far the gay rights movement has come and attitudes changed, the majority is, at least now, not willing to extend the legal rights conveyed by marriage to same sex couples. No matter how one spins it, no matter who one seeks to lay blame on, the facts are what they are.
True, the Right played dirty, and no doubt the hyperbole they spewed played a role in the outcome. Funded by millions of dollars from across the right wing stratosphere, all manner of insidious ads, pulpit pleas and viral campaign tactics attempted to spook, prejudice and misinform voters into doubt on Tuesday. There was even the always reliable Anita Bryantesque use of the children, as rumors and lies were spread that, if Prop was not passed, the state's schools would be teaching students about the joys of gay coupling.
But, does all of his beg a greater question about who and how equality is dispensed in America?
Most supporters and experts have said that the road to full marriage equality will be a years long process that travels a highway of state by state activism and struggle. The consensus being, that the courts will pass it off to an eventual federal solution, most likely the Supreme court, provided there is an evolution of public opinion in the ballot box.
But, as indicated by the sobering California vote on Proposition 8, the majority is not always willing to take the necessary steps towards full equality.
At the risk of sounding simplistic, imagine if it had been left up to the majority white population to dispense equality to African Americans in America.
While it would be wrong to equate efforts to secure full marriage equality and the tremendous years long struggle for individual equality, dignity and the ladders of opportunity that were built as a result of the 1960's civil rights movement, there are are clues from history that might be worth studying.
First, it took heroic efforts, foot soldiering and the activism of black leaders who along with thousands of individuals, bravely stood up through countless marches, beatings, demonstrations and tragedy which along the way forced America to look in the mirror and confront the cancer of racism and all it had wrought. Every square inch of the Southern United States region, was essentially segregated.
History shows, the majority of whites, stirred on by segregationist leaders coupled with a fundamental sense of denial that was cushioned by the false comforts of separate but equal, were unwilling to take it upon themselves and tear down the barriers the segregated South presented. It was not until the courts and judges took on cases and allowed morality to rule over what had become the tyranny of the majority in the South.
In 1956, at the time of the Montgomery bus boycott, there was no state wide vote, after then US District Court Judge for the Middle District of Alabama, Frank Johnson, ruled in the Browder v Gale case that Brown v Board decision applied to public transportation as well as public schools, effectively integrating the state capital's bus system.
Subsequent decisions by Judge Johnson led to the integration of Alabama's public accommodations, libraries and agricultural services.
But, it was a later decision that brought out the true rage of many white Alabamians at the time,
After the 1954 Brown v Board Supreme Court decision ruling that separate but equal public schools were un-constutional, throughout the South, individual school districts continued to take their time on full integration. In 1963, most districts in Alabama were still balking at the ruling. But, when faced with the Lee vs Macon County Board of Education case, Judge Johnson issued Alabama's first statewide desegregation order. Johnson bravely endured death threats and other insults as he went against the majority of his home state.
Had it not been for the sense of urgency and the thirst for equality and justice by activists and leaders of the movement coupled with the actions of courts and judges of that time, America may have taken a slower path to the moment we witnessed in this years election.
Interestingly, the very idea that Judge Johnson's decisions would have ever been put before voters is nothing short of laughable.
There are plenty of Southerners, who today, will seek to explain, why, in all the years preceding the Civil Rights movement, they simply believed this was the way we lived, we knew nothing else and sometimes, they will say in no uncertain terms, we were in a state of denial about how difficult it was for a black person to exist with any sense of dignity in the deep south much less to get ahead in a white world.
But, they will also share, that they were taken aback, when they had to be forced to accept that that this way of life, was no longer acceptable, that everything segregation in America stood for, was in fact, the antithesis of what this nation supposedly stood for, that it was in fact unconstitutional. Black people in the south were living in a society where the tyranny of the majority stood firm. If it had not been for the efforts of the movement's soldiers, but also what today might be called by certain politicians, activist judges and courts, the majority may have maintained that un-just status quo even longer.
It appears that most Americans support the injustice of denying same sex couples the almost 700 federal rights and privileges that marriage conveys. But, it also appears that vast portions of the lesbian and gay community have been slow to recognize what passage of amendments like Proposition 8 say about the nation we call home. Perhaps California was a wake up call. Perhaps too, the California decision offered evidence that this section of the fight for full equality may not be won in the public's courtroom of opinion. Instead, the Prop 8 decision might be a call for more intense activism that seeks to challenge the status quo through the courts with the goal being an eventual Supreme Court ruling.
Tuesday, October 28, 2008
Hope, Fear and Race in America
by CODY LYON
On the sunny, crisp and final Monday of October 2008, three friends met at around 1 p.m., in Downtown Manhattan's financial district for lunch.
The three then headed to a pub located on a narrow cobblestone street deep within the cavernous patch of land where buildings inspired by finance touch the sky.
Inside, dim light, drab wood tables and a line of customers at a steam table that included Turkey and cranberry sauce, Cajun Strip Steak, vegetables and crusted macaroni and Cheese.
Sitting at the tables were business attired patrons on lunch breaks.
Being that it was a few days before Halloween, fake spider webs coated the ceiling.
And, since it was only eight days before a national election, much of the soft but steady conversation filling the room was punctuated by Obama, Palin and McCain and Biden.
After the three settled into one of the the worn wooden booths, they too joined the conversation between bites of the hearty food and syrupy flat soda.
Despite polls predicting otherwise, one of the three raised doubts about a Democratic win, a hope they all said they subscribed to.
The doubter worried that while the potential election of the African American candidate created the appearance that race no longer plays an active role in American politics, the worry remained, racism could rear its ugly head on election day.
At that point, one of the three teased the doubter about his Southern upbringing, while the other, a New York native laughed but with caution, chimed in, saying what goes on behind the curtain of a voting booth, often stays behind the curtain.
The doubter kept saying that this is America, a place where hypocrisy and secrets often reveal themselves in subtle fashions. He charged that America was still a place where inequity could be measured along racial and class lines and that it was on full display in policy and even in the most mundane activities of day to day life.
This was after all, a nation that would legitimize campaign questions based on rumors about one man's religion while failing to live by a "golden rule" that clearly calls for all people to be treated, as they themselves would want to be treated, with decency, compassion and respect.
Evidence of his charges could be found in countless news stories, statistics and facts. This was a nation where prejudice and discrimination were still tolerated, offering as an example, California, where the threat of Proposition 8 offered reaffirmation that we as a nation allowed the majority to pick and choose who was worthy of equality.
After more polite discussion, lunch was finished, and the three rejoined the day outside where despite the crisp weather, the mood on the sidewalks appeared as flat as the earlier soda, a place where worry infected the collective mindset as fears of financial upheaval, two major wars and a sense of lost direction dimmed the lights at the end of the tunnel.
The downtown streets surrounding the epicenter of business were filled with camera ready tourists and cigarette puffing traders who quietly strolled, all mingling together amidst security barriers, television crews and checkpoints manned by men with guns.
The three friends then made there way back to the original gathering point, and dropped off the one who worked in the area. The other two, hopped on bikes and headed out of the cavernous old New Amsterdam, and over to the open air of the Harbor where the statue of Liberty beckoned. Then, after texting friends and some small talk about the past weekend, the two headed uptown along the river.
Along the way, the two noticed a group of around four casually dressed people who were staring down at the ground. One of them was taking a picture of what appeared to be either a large grey bug. After a good bit of pointing, giggling and conversing in what sounded like Italian, the group, obviously tourists, lumbered along leaving the small creature on the concrete surface.
The two, still on their bikes decided to have a look.
As they made there way over to the little spot, one of the two exclaimed "it's a tarantula!"
"No, it's a sea crab," said the other.
It was in fact a small crab, obviously from the harbor. The crab was moving sideways at the pace of caterpillar, apparently trying to make its way around the concrete barrier into the nearby weeds.
The two stood there and watched the little grey creature, which suddenly began to scurry into the safety of bushes and tall grass.
The crab was then gone, at least, the two on the bikes could no longer see it. They had no desire to dig and find it either, so, they continued to bike north.
As they rode along, they spotted yet another small group of people. Among them this time, a little girl petting what appeared to be a tiny spotted leopard.
"It's a virtual zoo out here!" remarked one of the two friends to the other.
"What is that?" he asked?
In this new group of three, a middle aged looking woman with perfectly white hair, had a large spotted cat on a leash. The cat was eying a squirrel that seemed to be teasing the cat. The squirrel bobbed its head and nibbled on food it took from the ground. The cat, sat with its neck stretched, at full attention, transfixed on the squirrel. The little girl, continued to pet the cat with caution, keeping her distance, while the cat did not seem to notice she was even there. A short distance away, another woman manned an empty stroller.
After a few minutes of staring at this scene, the two on bikes continued uptown.
Finally, they stopped at the World Financial Center, a modern complex of buildings on the shore of the river that adjoins the World Trade Center Site, also known as Ground Zero.
In the small marina at the base of the complex, are several yachts, sail boats and other marine vessels.
The two on bikes bought some peaches and cream gelato at an ice cream store in the complex, then sat outside on a concrete bench and enjoyed the sun.
Here too, despite the sunny day, the mood appeared quiet, subtle, as if New York City was calm before a storm.
The afternoon marched on, the two spent more time taking, pondering their hopes for the future, discussing their belief that government can and should do great things for its people. But still, one of them worried, that on election day polls mean nothing, that in America, even among liberals, racism is like cancer, it whispers as it destroys.
On this Monday in 2008, beneath the ghost of a shadow cast by twin towers that are now gone, the two pondered their hopes for the future, a future they hopped would begin next Tuesday.
After a while, one of the two continued uptown and left the other alone. The doubter sat and thought for a moment. Soon, his worries began to evolve back into bright light of hope.
When hope is real, it usually trumps the the fear of the past.
On the sunny, crisp and final Monday of October 2008, three friends met at around 1 p.m., in Downtown Manhattan's financial district for lunch.
The three then headed to a pub located on a narrow cobblestone street deep within the cavernous patch of land where buildings inspired by finance touch the sky.
Inside, dim light, drab wood tables and a line of customers at a steam table that included Turkey and cranberry sauce, Cajun Strip Steak, vegetables and crusted macaroni and Cheese.
Sitting at the tables were business attired patrons on lunch breaks.
Being that it was a few days before Halloween, fake spider webs coated the ceiling.
And, since it was only eight days before a national election, much of the soft but steady conversation filling the room was punctuated by Obama, Palin and McCain and Biden.
After the three settled into one of the the worn wooden booths, they too joined the conversation between bites of the hearty food and syrupy flat soda.
Despite polls predicting otherwise, one of the three raised doubts about a Democratic win, a hope they all said they subscribed to.
The doubter worried that while the potential election of the African American candidate created the appearance that race no longer plays an active role in American politics, the worry remained, racism could rear its ugly head on election day.
At that point, one of the three teased the doubter about his Southern upbringing, while the other, a New York native laughed but with caution, chimed in, saying what goes on behind the curtain of a voting booth, often stays behind the curtain.
The doubter kept saying that this is America, a place where hypocrisy and secrets often reveal themselves in subtle fashions. He charged that America was still a place where inequity could be measured along racial and class lines and that it was on full display in policy and even in the most mundane activities of day to day life.
This was after all, a nation that would legitimize campaign questions based on rumors about one man's religion while failing to live by a "golden rule" that clearly calls for all people to be treated, as they themselves would want to be treated, with decency, compassion and respect.
Evidence of his charges could be found in countless news stories, statistics and facts. This was a nation where prejudice and discrimination were still tolerated, offering as an example, California, where the threat of Proposition 8 offered reaffirmation that we as a nation allowed the majority to pick and choose who was worthy of equality.
After more polite discussion, lunch was finished, and the three rejoined the day outside where despite the crisp weather, the mood on the sidewalks appeared as flat as the earlier soda, a place where worry infected the collective mindset as fears of financial upheaval, two major wars and a sense of lost direction dimmed the lights at the end of the tunnel.
The downtown streets surrounding the epicenter of business were filled with camera ready tourists and cigarette puffing traders who quietly strolled, all mingling together amidst security barriers, television crews and checkpoints manned by men with guns.
The three friends then made there way back to the original gathering point, and dropped off the one who worked in the area. The other two, hopped on bikes and headed out of the cavernous old New Amsterdam, and over to the open air of the Harbor where the statue of Liberty beckoned. Then, after texting friends and some small talk about the past weekend, the two headed uptown along the river.
Along the way, the two noticed a group of around four casually dressed people who were staring down at the ground. One of them was taking a picture of what appeared to be either a large grey bug. After a good bit of pointing, giggling and conversing in what sounded like Italian, the group, obviously tourists, lumbered along leaving the small creature on the concrete surface.
The two, still on their bikes decided to have a look.
As they made there way over to the little spot, one of the two exclaimed "it's a tarantula!"
"No, it's a sea crab," said the other.
It was in fact a small crab, obviously from the harbor. The crab was moving sideways at the pace of caterpillar, apparently trying to make its way around the concrete barrier into the nearby weeds.
The two stood there and watched the little grey creature, which suddenly began to scurry into the safety of bushes and tall grass.
The crab was then gone, at least, the two on the bikes could no longer see it. They had no desire to dig and find it either, so, they continued to bike north.
As they rode along, they spotted yet another small group of people. Among them this time, a little girl petting what appeared to be a tiny spotted leopard.
"It's a virtual zoo out here!" remarked one of the two friends to the other.
"What is that?" he asked?
In this new group of three, a middle aged looking woman with perfectly white hair, had a large spotted cat on a leash. The cat was eying a squirrel that seemed to be teasing the cat. The squirrel bobbed its head and nibbled on food it took from the ground. The cat, sat with its neck stretched, at full attention, transfixed on the squirrel. The little girl, continued to pet the cat with caution, keeping her distance, while the cat did not seem to notice she was even there. A short distance away, another woman manned an empty stroller.
After a few minutes of staring at this scene, the two on bikes continued uptown.
Finally, they stopped at the World Financial Center, a modern complex of buildings on the shore of the river that adjoins the World Trade Center Site, also known as Ground Zero.
In the small marina at the base of the complex, are several yachts, sail boats and other marine vessels.
The two on bikes bought some peaches and cream gelato at an ice cream store in the complex, then sat outside on a concrete bench and enjoyed the sun.
Here too, despite the sunny day, the mood appeared quiet, subtle, as if New York City was calm before a storm.
The afternoon marched on, the two spent more time taking, pondering their hopes for the future, discussing their belief that government can and should do great things for its people. But still, one of them worried, that on election day polls mean nothing, that in America, even among liberals, racism is like cancer, it whispers as it destroys.
On this Monday in 2008, beneath the ghost of a shadow cast by twin towers that are now gone, the two pondered their hopes for the future, a future they hopped would begin next Tuesday.
After a while, one of the two continued uptown and left the other alone. The doubter sat and thought for a moment. Soon, his worries began to evolve back into bright light of hope.
When hope is real, it usually trumps the the fear of the past.
Thursday, October 23, 2008
A Shameful Message of Hate and Lies
by CODY LYON-OPINION
Barring a vision from the Lord himself,there is probably no way to alter the thinking of those who subscribe to the philosophy of fringe right wing groups like the Columbus Ohio based Mission America and its leader Linda Harvey.
And, if it weren't for the particularly nasty tone or incessantly misleading words contained in an October 20 opine by Linda Harvey in the conservative "World Net Daily", any response to Mission America's typically insecure, filth laced and fright filled hyperbole wouldn't be worthy of time or effort.
But, in this case, a word or two, perhaps even a counter attack are warranted because, in her latest poisonous diatribe, Harvey not only spews lies about one of the LGBT community's most respected organizations, the Gay Lesbian and Straight Education Network, or GLSEN, but also attempts to link her lies to the candidacy of Democratic Presidential Candidate Barack Obama.
Understanding just how fringe Mission America is easy. This is a group that beckons visitors to its web page by advertising "learn the truth about homosexuality, witchcraft, changing Christian Church, Radical Feminism and the Youth Culture. Even more "mainstream" right wing groups may find this a bit outrageous.
Mission America calls itself a public policy analysis foundation. According to its 2007 tax returns, the private non operating foundation Mission America took in a meager $12,000 in contributions and donations. On its IRS Form 990 PF on a question where it asks did the foundation attempt to influence any national, state or local legislation or participate in any political campaigns, Harvey, or whoever filled out the returns, checked NO.
That said, there's no doubt Harvey and her writing is indeed attempting to influence this year's campaign. And, she's using a tired tactic, one long used by those on the far right that attempts to plant seeds of fear, be they racial, spook tactics on national security or in this case, the always reliable hot button homosexual agenda.
Currently featured in a prominent spot on the group's web page is a link to the article "Advocate of homosexual corruption of kids is leader in Obama's campaign.
That link then takes visitors to 'Gay" pedophilia and Obama', the "World Net Daily" piece where Linda Harvey asks if Obama agrees with his GLBT supporters.
Harvey's article charges that the LGBT organization GLSEN's mission "has been to plant 'gay' clubs and training programs in as many schools as possible" calling those groups a Trojan Horse into America's school children's minds.
She says that the "more closely one reads the GLSEN material, the worse it gets," implying that all manner of sexually suggestive material and pedophilia are acceptable behaviors. She says "just about every sexual practice imaginable is apparently acceptable and even worthy of celebration by any age student or teacher as far as GLSEN is concerned."
Then she asks "is this the kind of 'school reform' Obama has in mind?"
Harvey makes these charges because GLSEN's founder, Kevin Jennings, happens to be a prominent fundraiser in the LGBT community for the Obama campaign.
In the article, she says that Obama should remove Jennings from his 'position' and that voters need answers to a series of questions from Obama regarding his stance or beliefs about the origins, practice and acceptance of homosexuality especially when it comes to school aged children.
She then kicks her piece with "if we want a totalitarian, pansexual society, with its accompanying disease, dysfunction and abuse, and no room for nobility, goodness and tradition, then we need to make sure we vote for Obama with all his various revolutionary hangers-on, including Jennings." If, on the other hand, we envision another America, it's time to speak up now."
Well, Ms Harvey is correct, we do need to speak up.
It's nothing short of pathetic that Mission America would resort to such disgusting misleading smears that use vulnerable children in a Presidential campaign.
Perhaps her desperation arose out of the clear indication that If the "another America" Harvey envisions resembles the noble, good society where the 'tradition' of the past eight years are celebrated, according to a number of polls, most Americans plan to pass this go round.
Clearly, most voters are choosing to look beyond the political smokescreen of far right groups like Harvey's Mission America that have long sought to steer voters from the true issues affecting their lives, and their children's futures by raising false charges about candidates like Harvey does in her Obama/GLSEN piece. There are greater concerns occupying the minds of voters than an LGBT fundraiser at the Obama campaign.
But, besides that, if Americans look at the fine work of all the LGBT organizations in America, GLSEN has the distinction of perhaps being one of the more politically benign. It's mission is clear and it actually speaks to a fundament of who we are as a nation, the opportunity for all Americans to receive a quality education in a safe learning environment.
The Gay, Lesbian and Straight Education Network narrows its mission 'to assure that each member of every school community is valued and respected regardless of sexual orientation or gender identity/expression.'
Exactly how does that mission mission cross over into pedophilia?
GLSEN's battles have been defined by its own research.
According to a recent GLSEN survey of almost seven thousand school children across the nation, 86.2% of LGBT students reported being verbally harassed, 44.1% reported being physically assaulted because of their sexual orientation. Around 74 percent heard derogatory remarks like "faggot" or "dyke" used often at school. According to the survey, more than 60 percent of students felt unsafe because of their sexual orientation.
Linda Harvey and her friends at Mission America must not remember what goes on in the hallways or schoolyards of America's schools. The truth is, kids can be extremely cruel, often resorting to name calling and bullying, unfortunate behaviors usually directed at the most vulnerable, those perceived as different or weak, maybe the less than masculine male, or the masculine appearing female. Harvey fails to understand that those taunts, those abuses, that even the victims themselves are often ashamed of, have the ability to leave a child feeling isolated, alone and damaged. Those insults backed up by much of society's deep prejudices have the ability to cripple the self esteem and psychological health of children for years, if not lifetimes.
And, what good does it do the child issuing those taunts, or more importantly, the child on the receiving end of those taunts, when his or her parent, has read a piece like Linda Harvey's or any of the other vicious material on her website, where she has equated the mission of GLSEN and the candidacy of Barack Obama to pedophila or the "homosexual agenda?"
While GLSEN does indeed help in the establishment of what are called Gay Straight Alliances in schools across the nation, the fact is, they are more prominent in places that tend to be more tolerant, places with more socially open school districts, and rarely in the rural hamlets of Mississippi or Alabama, places where if a child who happens to be different, perhaps gay or lesbian, life can be hellish, perhaps destructive and very lonely.
If parents in those more conservative areas are subscribing to the hate filled vitriol of Linda Harvey and her crowd, a child may feel he or she has no place to turn.
Back in 1989, the United States Department of Health and Human Services (HHS) issued its "Report on the Secretary's Task Force on Youth Suicide," which found that "a majority of suicide attempts by homosexuals occur during their youth, and gay youth are 2 to 3 times more likely to attempt suicide than other young people.
In 2001, the American Psychological Association said that suicide is the number one cause of death for gay teens.
Calling someone heterosexual or straight is not a common insult or perceived as hurtful. In most school yards, shopping malls, social functions or other gathering places the straight jock or pretty cheerleader has less to worry about when it comes to the prejudices facing them. But the prejudices, even disregard for humanity that gets reinforced by the rhetoric of ghoulish figures like Linda Harvey, individuals who spew poisonous rhetoric, reinforcing hate for political gain into the minds of concerned parents and voters is nothing short of shameful.
Barring a vision from the Lord himself,there is probably no way to alter the thinking of those who subscribe to the philosophy of fringe right wing groups like the Columbus Ohio based Mission America and its leader Linda Harvey.
And, if it weren't for the particularly nasty tone or incessantly misleading words contained in an October 20 opine by Linda Harvey in the conservative "World Net Daily", any response to Mission America's typically insecure, filth laced and fright filled hyperbole wouldn't be worthy of time or effort.
But, in this case, a word or two, perhaps even a counter attack are warranted because, in her latest poisonous diatribe, Harvey not only spews lies about one of the LGBT community's most respected organizations, the Gay Lesbian and Straight Education Network, or GLSEN, but also attempts to link her lies to the candidacy of Democratic Presidential Candidate Barack Obama.
Understanding just how fringe Mission America is easy. This is a group that beckons visitors to its web page by advertising "learn the truth about homosexuality, witchcraft, changing Christian Church, Radical Feminism and the Youth Culture. Even more "mainstream" right wing groups may find this a bit outrageous.
Mission America calls itself a public policy analysis foundation. According to its 2007 tax returns, the private non operating foundation Mission America took in a meager $12,000 in contributions and donations. On its IRS Form 990 PF on a question where it asks did the foundation attempt to influence any national, state or local legislation or participate in any political campaigns, Harvey, or whoever filled out the returns, checked NO.
That said, there's no doubt Harvey and her writing is indeed attempting to influence this year's campaign. And, she's using a tired tactic, one long used by those on the far right that attempts to plant seeds of fear, be they racial, spook tactics on national security or in this case, the always reliable hot button homosexual agenda.
Currently featured in a prominent spot on the group's web page is a link to the article "Advocate of homosexual corruption of kids is leader in Obama's campaign.
That link then takes visitors to 'Gay" pedophilia and Obama', the "World Net Daily" piece where Linda Harvey asks if Obama agrees with his GLBT supporters.
Harvey's article charges that the LGBT organization GLSEN's mission "has been to plant 'gay' clubs and training programs in as many schools as possible" calling those groups a Trojan Horse into America's school children's minds.
She says that the "more closely one reads the GLSEN material, the worse it gets," implying that all manner of sexually suggestive material and pedophilia are acceptable behaviors. She says "just about every sexual practice imaginable is apparently acceptable and even worthy of celebration by any age student or teacher as far as GLSEN is concerned."
Then she asks "is this the kind of 'school reform' Obama has in mind?"
Harvey makes these charges because GLSEN's founder, Kevin Jennings, happens to be a prominent fundraiser in the LGBT community for the Obama campaign.
In the article, she says that Obama should remove Jennings from his 'position' and that voters need answers to a series of questions from Obama regarding his stance or beliefs about the origins, practice and acceptance of homosexuality especially when it comes to school aged children.
She then kicks her piece with "if we want a totalitarian, pansexual society, with its accompanying disease, dysfunction and abuse, and no room for nobility, goodness and tradition, then we need to make sure we vote for Obama with all his various revolutionary hangers-on, including Jennings." If, on the other hand, we envision another America, it's time to speak up now."
Well, Ms Harvey is correct, we do need to speak up.
It's nothing short of pathetic that Mission America would resort to such disgusting misleading smears that use vulnerable children in a Presidential campaign.
Perhaps her desperation arose out of the clear indication that If the "another America" Harvey envisions resembles the noble, good society where the 'tradition' of the past eight years are celebrated, according to a number of polls, most Americans plan to pass this go round.
Clearly, most voters are choosing to look beyond the political smokescreen of far right groups like Harvey's Mission America that have long sought to steer voters from the true issues affecting their lives, and their children's futures by raising false charges about candidates like Harvey does in her Obama/GLSEN piece. There are greater concerns occupying the minds of voters than an LGBT fundraiser at the Obama campaign.
But, besides that, if Americans look at the fine work of all the LGBT organizations in America, GLSEN has the distinction of perhaps being one of the more politically benign. It's mission is clear and it actually speaks to a fundament of who we are as a nation, the opportunity for all Americans to receive a quality education in a safe learning environment.
The Gay, Lesbian and Straight Education Network narrows its mission 'to assure that each member of every school community is valued and respected regardless of sexual orientation or gender identity/expression.'
Exactly how does that mission mission cross over into pedophilia?
GLSEN's battles have been defined by its own research.
According to a recent GLSEN survey of almost seven thousand school children across the nation, 86.2% of LGBT students reported being verbally harassed, 44.1% reported being physically assaulted because of their sexual orientation. Around 74 percent heard derogatory remarks like "faggot" or "dyke" used often at school. According to the survey, more than 60 percent of students felt unsafe because of their sexual orientation.
Linda Harvey and her friends at Mission America must not remember what goes on in the hallways or schoolyards of America's schools. The truth is, kids can be extremely cruel, often resorting to name calling and bullying, unfortunate behaviors usually directed at the most vulnerable, those perceived as different or weak, maybe the less than masculine male, or the masculine appearing female. Harvey fails to understand that those taunts, those abuses, that even the victims themselves are often ashamed of, have the ability to leave a child feeling isolated, alone and damaged. Those insults backed up by much of society's deep prejudices have the ability to cripple the self esteem and psychological health of children for years, if not lifetimes.
And, what good does it do the child issuing those taunts, or more importantly, the child on the receiving end of those taunts, when his or her parent, has read a piece like Linda Harvey's or any of the other vicious material on her website, where she has equated the mission of GLSEN and the candidacy of Barack Obama to pedophila or the "homosexual agenda?"
While GLSEN does indeed help in the establishment of what are called Gay Straight Alliances in schools across the nation, the fact is, they are more prominent in places that tend to be more tolerant, places with more socially open school districts, and rarely in the rural hamlets of Mississippi or Alabama, places where if a child who happens to be different, perhaps gay or lesbian, life can be hellish, perhaps destructive and very lonely.
If parents in those more conservative areas are subscribing to the hate filled vitriol of Linda Harvey and her crowd, a child may feel he or she has no place to turn.
Back in 1989, the United States Department of Health and Human Services (HHS) issued its "Report on the Secretary's Task Force on Youth Suicide," which found that "a majority of suicide attempts by homosexuals occur during their youth, and gay youth are 2 to 3 times more likely to attempt suicide than other young people.
In 2001, the American Psychological Association said that suicide is the number one cause of death for gay teens.
Calling someone heterosexual or straight is not a common insult or perceived as hurtful. In most school yards, shopping malls, social functions or other gathering places the straight jock or pretty cheerleader has less to worry about when it comes to the prejudices facing them. But the prejudices, even disregard for humanity that gets reinforced by the rhetoric of ghoulish figures like Linda Harvey, individuals who spew poisonous rhetoric, reinforcing hate for political gain into the minds of concerned parents and voters is nothing short of shameful.
Thursday, October 02, 2008
Rolling the Dice?
by CODY LYON
This past week, as it became increasingly clear that an infusion of $700 billion in taxpayer capital might be necessary to stave off national economic "calamity", a number of Americans expressed increased feelings of doubt, confusion and frustration.
In fact, according to a "Bloomberg/Los Angeles Times" Sept 19-22 poll, by a margin of 55 to 31 percent, "Americans say it's not the government's responsibility to bail out private companies with taxpayer dollars, even if their collapse could damage the economy."
Even in New York City, the home Wall Street of Wall Street Giants, talk on the streets, bars and boutiques beyond the cavernous streets downtown is mixed with worry and anger.
"I do not believe the American taxpayer should have to bail out another business like Bear Stearns" said Scott Woodward, CEO of Sewbranded, a marketing and branding firm in New York.
"My inclination is to let it play itself out naturally, and maybe the goings on of Wall Street as we knew it, will halt the greed and corruption of how CEO's run firms for short term personal gain will subside," said Woodward.
In his initial appearance before lawmakers in Washington, Secretary of the Treasury Henry Paulson urged that the bailout plan, as it's commonly called, be passed "quickly and clearly" and that inaction could lead to a "recession."
President Bush used similar language during a number of television appearances.
Despite acknowledging the use of shrill language, a number of experts appear to believe that the doing nothing is simply not an option.
"The use of recession sounds to me like a scare tactic," said David Backus, Heinz Riehl Professor of International Economics and Finance at New York University's (NYU) Stern School of Business.
But Backus says that a "reasonably rapid response to problems in the financial sector are important."
"Japan is the obvious case of the opposite (inaction),"said Professor Backus.
From 1986 to 1990, Japan experienced what many call an asset price bubble where real estate and stock prices. When the bubble collapsed, gradually, the next 10 years became known in economic circles as the "lost decade."
"The government there ignored the onset of serious problems, and the economy stopped growing," Backus said.
"That's not a recession, it's much worse, that is ten to fifteen years of slow growth," he said.
According to Investorwords.com, a nation's economic growth rate is measured by economic growth during a given interval. Gross National Product and Gross Domestic Product are the fundaments used to measure those growth rates.
Still, understanding the evolution of, and accepting the severity of what a slowdown could mean, has at best, proven to be challenging.
The bailout plan would allow the Treasury Department to buy bad mortgages from banks, and if and when the market improves, then sell them, in the best case scenario, at a profit.
But, ultimately, the Government would pump billions of dollars into the economy by buying up bad debt and restoring credibility to firms like AIG, Freddie Mac and Fannie, providing clean balance sheets, so banks can start lending to one another again.
In a recent broadcast of the PBS program "Newshour'" Paul Solmon explained that in this most recent and current era of "credit," the collapse of firms like Lehman Brothers was not a net loss of faith in stocks, but in bonds, basically, the debts of firms like Lehman, Fannie , Freddie and AIG.
Bonds are like official IOUs isued by governments and corporations.
Newshour's Solmon points out that credit is the most important ingredient in an economy. Futher, he says in the report that 'firms, from railways to high tech, pay for their equipment , offices, and workers as they try to grow or expand, on credit.
The availability of fast and easy credit via credit cards, loans, and mortgages has enabled American consumers to buy cars, homes, television sets and vacations basically with a bet that future income from work will allow them to cover debt, or at least allow them to keep up with monthly payments .
Still, many wonder why taxpayers should bail out an industry they view as profiteers of misfortune or bad financial decisions of average citizens...especially during the era of the perjorative term, predatory lender.
Of course, it isn't just sub-prime mortgage lenders who have the appearance of predators who capitalize off the inability of countless individuals who fail to to pay in full or on time.
Just look at the commercial banking industry's biggest arm of profit.
Back in 2004, the PBS documentary series Frontline in collaboration with the "New York Times" produced its "Secret History of the Credit Card" that revealed over 145 million Americans carried charge cards. Of those individuals, 55 million paid their full payments monthly. 90 million of them carried balances while 35 million paid only the minimum required amounts.
FRONTLINE pointed out that the average credit card amount owed by consumers was $8,000.
The documentary meticulously reported how around 25 years ago, 'the banking industry successfully eliminated a critical restriction: the limit on the interest rate a lender can charge a borrower' setting in motion what has proven to be one of the most profitable profit streams for the banking industry.
As most consumers know, a credit card might be issued at a low interest rate of perhaps, 6 percent. But, if the consumer misses or is late on a payment, hidden within the fine print of most charge card agreements are stipulations that allow the bank to raise the rate to as much as 29 or more percent.
According to the FRONTLINE report by Lowell Bergman, the industry's most profitable customers, the ones being sought by creative marketing tactics, are the "revolvers:" the estimated 115 million Americans who carry monthly credit card debt.
To the extent the current the current 'crisis' would affect credit card lending is not yet known.
But as Jocelyn Slovak, a former New York City Public School Teacher, said last week, she's worried that if some sort of plan doesn't save the sector, it's pretty clear that a good bit of the financial freedom that credit provides might be be taken away.
"We've always had the luxury to take risks, through credit and other means, and it looks like that's going to change rather quickly," said Slovak.
So how did America arrive at a place where luxury and now it appears, big houses on credit became the norm?
In a June, 2006 "New York Times Magazine" article titled "The American Way of Debt" Jackson Lears, editor of Raritan: A Quarterly Review wrote During the 1980's, while real income continued to stagnate for most Americans, the ascendancy of Ronald Reagan gave government sanction to unprecedented consumer spending. Reagan's rhetorical refusal of limits combined with the deregulation of the lending industry to detach dreams of luxury from previous constraints.
The lack of constraint and de-regulation apparently created an industry that led to the current bubble linked to credit, a bubble that now appears to be popping most loudly on Wall Street.
Back on street level in New York, Scott Woodward said while he worries that the pain of not bailing out Wall Street will be immediate and extreme, his adverse opinions to this plan's particulars were only strengthened when he heard Secretary Henry Paulson first detail and defend the initial bailout terms with "no attached conditions", conditions that Woodward and plenty of others saw as a gift to CEO's and other players.
"I'd love to know the headhunter that was able to devise the notion of million dollar severances for executives that get fired for running their firms into the ground and not performing," he said.
Headhunters aside, it's understandable why Woodward would blast one of the more high profile companies that will be receiving Washington, ahem, taxpayer money, the nation's largest insurer or AIG. (American International Group Inc.)
For consideration, AIG, whose $85 billion dollar bailout is in addition to the $700 billion figure being crafted in Washington, has what some would might call a less than stellar record in some of its past corporate dealings.
For example, according to Austin based non profit organization Texans for Public Justice, after the 9/11 attacks in New York and Washington, AIG's former chair and CEO, Maurice "Hank" Greenberg, led "a lobbying blitz to get taxpayers to bail out terrorism-related insurance losses.
TPJ also reported in a series called Bush donor profiles, that AIG had helped the now infamous Enron Corporation "cook its books" by investing in its LJM2 partnership along with Merril Lynch.
In 2003, AIG paid $10 million to settle Securities and Exchange Commission fraud charges that it helped a struggling mobile phone company pad its earnings by selling it a phony, back-dated insurance policy. Further still, AIG paid $126 million in 2004 to settle criminal and civil charges that it similarly helped PNC Financial Services hid $762 million in poorly performing loans in 2001.
According to TPJ, former AIG CEO Greenberg, while sitting on the New York Stock Exchange , helped approve what became a publicly condemned $187 million retirement package leading to the ouster of NYSE Chairman Dick Grasso.
TPJ goes on to say that "around that time, Greenberg got Grasso to pressure NYSE buyers to prop up AIG's stock price.
And while such alleged mischief leaves a bad taste in the mouths of countless taxpayers, experts caution that AIG's assets must go someplace and the bailout of AIG and others is probably necessary.
"It's entirely legitimate for people to ask questions about why we're doing this and who benefits as long as this isn't used as an excuse to delay action," said New York University's David Backus.
"To the extent we might want to blame somone, there's more than enough evidence of bad judgement by both parties with Fannie and Freddie being the most obvious examples," he said.
But, there are some holdouts.
As Ari J. Officer and Lawrence J. Officer opined on September 29 in TIME Magazine, 'the $700 billion (ultimately $1 trillion or more) bailout is not predominantly for mortgages and homeowners. Instead, the bailout is for mortgage-backed securities. In fact, some versions of these instruments are imaginary derivatives. These claims overlap on the same types of mortgages.
The Time article said that many financial institutions wrote claims over the same mortgages, and these are the majority of claims that have "gone bad."
One solution that might provide some level of palatability to taxpayers who others who view the bailout as extreme is an "institutional risk insurance premium."
The idea was touted in a September 17, "New York Times" Op-Ed by Jonathan G S Koppell, Director of the Millstein Center for Corporate Governance and Performance at Yale.
Koppell asked "why not make investment banks and other companies pay premiums for this catastrophic insurance." He argues further that the "goal should be to limit the contagion of failure rather than prevent the failure itself."
Later, in an email message, Professor Koppell wrote that the idea of 'failure tax' "could be used to emphasize that the public should not be providing insurance to these companies gratis."
"The American people don't get the profits so why should they be stuck with the losses," he said.
Such input from experts and others has only fueled the ongoing informal conversations, questions and nighttime arguments over who, what and how this will all play out in the end for those beyond the busy trading floors in the financial district and the halls of Government in Washington.
"In a nutshell, we are an over-inflated economy that has placed to much trust in synthetic trades," according to one New York stock analyst who asked to remain anonymous while sipping drinks with a friend who works for a major New York City bank.
The annonymous analyst said that Wall Street is all about leverage. He went on to say that leverage is like odds, you bet one, but if you lose, you lose a thousand.
During that same conversation at a downtown bar, the analyst said that Wall Streets assets are based on synthetic value, mere blips on a screen.
Whatever that means, it seems clear, that Wall Street has been and will continue to capitalize off of every day American's debt, and that debt, has allowed Americans to operate, often beyond their means.
Still, as the anaylist in New York pointed out, ordinary Americans don't really have a say here.
"Whether you think it's good, bad or you're indifferent, you have no control," he said to his banker friend.
He went on to say that taxpayers will be rolling the dice with the $700 billion dollar bailout. First, there is no way of knowing whether or not the market will buy back the distressed debt at any point in the future and whether or not, this will put the country back on the path to greater growth.
According to an August 2008 report from the Office of Macroeconomic Analysis, the United States economy has "remained on a path of slower growth since late 2007.
To this, many Americans are asking whether or not this plan that allegedly provides a shot in the arm of the market abyss will impact their own income streams.
"There is absolutely no guaruntee this $700 billion will do anything to stave off a catastrophe in the longterm," the anonymous analyst said wearily over a Grey Goose martini with olives.
This past week, as it became increasingly clear that an infusion of $700 billion in taxpayer capital might be necessary to stave off national economic "calamity", a number of Americans expressed increased feelings of doubt, confusion and frustration.
In fact, according to a "Bloomberg/Los Angeles Times" Sept 19-22 poll, by a margin of 55 to 31 percent, "Americans say it's not the government's responsibility to bail out private companies with taxpayer dollars, even if their collapse could damage the economy."
Even in New York City, the home Wall Street of Wall Street Giants, talk on the streets, bars and boutiques beyond the cavernous streets downtown is mixed with worry and anger.
"I do not believe the American taxpayer should have to bail out another business like Bear Stearns" said Scott Woodward, CEO of Sewbranded, a marketing and branding firm in New York.
"My inclination is to let it play itself out naturally, and maybe the goings on of Wall Street as we knew it, will halt the greed and corruption of how CEO's run firms for short term personal gain will subside," said Woodward.
In his initial appearance before lawmakers in Washington, Secretary of the Treasury Henry Paulson urged that the bailout plan, as it's commonly called, be passed "quickly and clearly" and that inaction could lead to a "recession."
President Bush used similar language during a number of television appearances.
Despite acknowledging the use of shrill language, a number of experts appear to believe that the doing nothing is simply not an option.
"The use of recession sounds to me like a scare tactic," said David Backus, Heinz Riehl Professor of International Economics and Finance at New York University's (NYU) Stern School of Business.
But Backus says that a "reasonably rapid response to problems in the financial sector are important."
"Japan is the obvious case of the opposite (inaction),"said Professor Backus.
From 1986 to 1990, Japan experienced what many call an asset price bubble where real estate and stock prices. When the bubble collapsed, gradually, the next 10 years became known in economic circles as the "lost decade."
"The government there ignored the onset of serious problems, and the economy stopped growing," Backus said.
"That's not a recession, it's much worse, that is ten to fifteen years of slow growth," he said.
According to Investorwords.com, a nation's economic growth rate is measured by economic growth during a given interval. Gross National Product and Gross Domestic Product are the fundaments used to measure those growth rates.
Still, understanding the evolution of, and accepting the severity of what a slowdown could mean, has at best, proven to be challenging.
The bailout plan would allow the Treasury Department to buy bad mortgages from banks, and if and when the market improves, then sell them, in the best case scenario, at a profit.
But, ultimately, the Government would pump billions of dollars into the economy by buying up bad debt and restoring credibility to firms like AIG, Freddie Mac and Fannie, providing clean balance sheets, so banks can start lending to one another again.
In a recent broadcast of the PBS program "Newshour'" Paul Solmon explained that in this most recent and current era of "credit," the collapse of firms like Lehman Brothers was not a net loss of faith in stocks, but in bonds, basically, the debts of firms like Lehman, Fannie , Freddie and AIG.
Bonds are like official IOUs isued by governments and corporations.
Newshour's Solmon points out that credit is the most important ingredient in an economy. Futher, he says in the report that 'firms, from railways to high tech, pay for their equipment , offices, and workers as they try to grow or expand, on credit.
The availability of fast and easy credit via credit cards, loans, and mortgages has enabled American consumers to buy cars, homes, television sets and vacations basically with a bet that future income from work will allow them to cover debt, or at least allow them to keep up with monthly payments .
Still, many wonder why taxpayers should bail out an industry they view as profiteers of misfortune or bad financial decisions of average citizens...especially during the era of the perjorative term, predatory lender.
Of course, it isn't just sub-prime mortgage lenders who have the appearance of predators who capitalize off the inability of countless individuals who fail to to pay in full or on time.
Just look at the commercial banking industry's biggest arm of profit.
Back in 2004, the PBS documentary series Frontline in collaboration with the "New York Times" produced its "Secret History of the Credit Card" that revealed over 145 million Americans carried charge cards. Of those individuals, 55 million paid their full payments monthly. 90 million of them carried balances while 35 million paid only the minimum required amounts.
FRONTLINE pointed out that the average credit card amount owed by consumers was $8,000.
The documentary meticulously reported how around 25 years ago, 'the banking industry successfully eliminated a critical restriction: the limit on the interest rate a lender can charge a borrower' setting in motion what has proven to be one of the most profitable profit streams for the banking industry.
As most consumers know, a credit card might be issued at a low interest rate of perhaps, 6 percent. But, if the consumer misses or is late on a payment, hidden within the fine print of most charge card agreements are stipulations that allow the bank to raise the rate to as much as 29 or more percent.
According to the FRONTLINE report by Lowell Bergman, the industry's most profitable customers, the ones being sought by creative marketing tactics, are the "revolvers:" the estimated 115 million Americans who carry monthly credit card debt.
To the extent the current the current 'crisis' would affect credit card lending is not yet known.
But as Jocelyn Slovak, a former New York City Public School Teacher, said last week, she's worried that if some sort of plan doesn't save the sector, it's pretty clear that a good bit of the financial freedom that credit provides might be be taken away.
"We've always had the luxury to take risks, through credit and other means, and it looks like that's going to change rather quickly," said Slovak.
So how did America arrive at a place where luxury and now it appears, big houses on credit became the norm?
In a June, 2006 "New York Times Magazine" article titled "The American Way of Debt" Jackson Lears, editor of Raritan: A Quarterly Review wrote During the 1980's, while real income continued to stagnate for most Americans, the ascendancy of Ronald Reagan gave government sanction to unprecedented consumer spending. Reagan's rhetorical refusal of limits combined with the deregulation of the lending industry to detach dreams of luxury from previous constraints.
The lack of constraint and de-regulation apparently created an industry that led to the current bubble linked to credit, a bubble that now appears to be popping most loudly on Wall Street.
Back on street level in New York, Scott Woodward said while he worries that the pain of not bailing out Wall Street will be immediate and extreme, his adverse opinions to this plan's particulars were only strengthened when he heard Secretary Henry Paulson first detail and defend the initial bailout terms with "no attached conditions", conditions that Woodward and plenty of others saw as a gift to CEO's and other players.
"I'd love to know the headhunter that was able to devise the notion of million dollar severances for executives that get fired for running their firms into the ground and not performing," he said.
Headhunters aside, it's understandable why Woodward would blast one of the more high profile companies that will be receiving Washington, ahem, taxpayer money, the nation's largest insurer or AIG. (American International Group Inc.)
For consideration, AIG, whose $85 billion dollar bailout is in addition to the $700 billion figure being crafted in Washington, has what some would might call a less than stellar record in some of its past corporate dealings.
For example, according to Austin based non profit organization Texans for Public Justice, after the 9/11 attacks in New York and Washington, AIG's former chair and CEO, Maurice "Hank" Greenberg, led "a lobbying blitz to get taxpayers to bail out terrorism-related insurance losses.
TPJ also reported in a series called Bush donor profiles, that AIG had helped the now infamous Enron Corporation "cook its books" by investing in its LJM2 partnership along with Merril Lynch.
In 2003, AIG paid $10 million to settle Securities and Exchange Commission fraud charges that it helped a struggling mobile phone company pad its earnings by selling it a phony, back-dated insurance policy. Further still, AIG paid $126 million in 2004 to settle criminal and civil charges that it similarly helped PNC Financial Services hid $762 million in poorly performing loans in 2001.
According to TPJ, former AIG CEO Greenberg, while sitting on the New York Stock Exchange , helped approve what became a publicly condemned $187 million retirement package leading to the ouster of NYSE Chairman Dick Grasso.
TPJ goes on to say that "around that time, Greenberg got Grasso to pressure NYSE buyers to prop up AIG's stock price.
And while such alleged mischief leaves a bad taste in the mouths of countless taxpayers, experts caution that AIG's assets must go someplace and the bailout of AIG and others is probably necessary.
"It's entirely legitimate for people to ask questions about why we're doing this and who benefits as long as this isn't used as an excuse to delay action," said New York University's David Backus.
"To the extent we might want to blame somone, there's more than enough evidence of bad judgement by both parties with Fannie and Freddie being the most obvious examples," he said.
But, there are some holdouts.
As Ari J. Officer and Lawrence J. Officer opined on September 29 in TIME Magazine, 'the $700 billion (ultimately $1 trillion or more) bailout is not predominantly for mortgages and homeowners. Instead, the bailout is for mortgage-backed securities. In fact, some versions of these instruments are imaginary derivatives. These claims overlap on the same types of mortgages.
The Time article said that many financial institutions wrote claims over the same mortgages, and these are the majority of claims that have "gone bad."
One solution that might provide some level of palatability to taxpayers who others who view the bailout as extreme is an "institutional risk insurance premium."
The idea was touted in a September 17, "New York Times" Op-Ed by Jonathan G S Koppell, Director of the Millstein Center for Corporate Governance and Performance at Yale.
Koppell asked "why not make investment banks and other companies pay premiums for this catastrophic insurance." He argues further that the "goal should be to limit the contagion of failure rather than prevent the failure itself."
Later, in an email message, Professor Koppell wrote that the idea of 'failure tax' "could be used to emphasize that the public should not be providing insurance to these companies gratis."
"The American people don't get the profits so why should they be stuck with the losses," he said.
Such input from experts and others has only fueled the ongoing informal conversations, questions and nighttime arguments over who, what and how this will all play out in the end for those beyond the busy trading floors in the financial district and the halls of Government in Washington.
"In a nutshell, we are an over-inflated economy that has placed to much trust in synthetic trades," according to one New York stock analyst who asked to remain anonymous while sipping drinks with a friend who works for a major New York City bank.
The annonymous analyst said that Wall Street is all about leverage. He went on to say that leverage is like odds, you bet one, but if you lose, you lose a thousand.
During that same conversation at a downtown bar, the analyst said that Wall Streets assets are based on synthetic value, mere blips on a screen.
Whatever that means, it seems clear, that Wall Street has been and will continue to capitalize off of every day American's debt, and that debt, has allowed Americans to operate, often beyond their means.
Still, as the anaylist in New York pointed out, ordinary Americans don't really have a say here.
"Whether you think it's good, bad or you're indifferent, you have no control," he said to his banker friend.
He went on to say that taxpayers will be rolling the dice with the $700 billion dollar bailout. First, there is no way of knowing whether or not the market will buy back the distressed debt at any point in the future and whether or not, this will put the country back on the path to greater growth.
According to an August 2008 report from the Office of Macroeconomic Analysis, the United States economy has "remained on a path of slower growth since late 2007.
To this, many Americans are asking whether or not this plan that allegedly provides a shot in the arm of the market abyss will impact their own income streams.
"There is absolutely no guaruntee this $700 billion will do anything to stave off a catastrophe in the longterm," the anonymous analyst said wearily over a Grey Goose martini with olives.
FRONTLINE'S "Secret History of the Credit Card"
Perhaps an appropriate time to further educate oneself about the ongoing financial crisis:
From PBS FRONTLINE...
In "Secret History of the Credit Card," FRONTLINE® and The New York Times join forces to investigate an industry few Americans fully understand. In this one-hour report, correspondent Lowell Bergman uncovers the techniques used by the industry to earn record profits and get consumers to take on more debt.
LINK TO PBS Webpage to view entire program online
From PBS FRONTLINE...
In "Secret History of the Credit Card," FRONTLINE® and The New York Times join forces to investigate an industry few Americans fully understand. In this one-hour report, correspondent Lowell Bergman uncovers the techniques used by the industry to earn record profits and get consumers to take on more debt.
LINK TO PBS Webpage to view entire program online
Wednesday, September 24, 2008
Once again, the Bob Perry Story (Re-post)
What Bob Perry's Politicking Says About Campaign Finance Rules In America
But, Ahmed says she thinks the busloads of elderly lobbyist were in fact brought in, fed breakfast as well as slanted information, educated, by Pro court reform coaches connected to the Texas homebuilder industry about the so-called frivolous lawsuits, in what Ahmed believes was a clear case of smoke and mirrors politics meant to promote tort reform specifically favorable to home builders and developers. Ahmed says the Austin tort reform blitz was organized by the group Texas For Lawsuit Reform (TLR), run by Richard Weekly. Richard Weekly is the brother of another Texas homebuilder/developer, David Weekly. Ahmed and others have also said that the Texas Tort reform efforts were bankrolled by Developer Perry and Weekly's generous financial support for homebuilder friendly legislative, gubernatorial and judicial candidates.
LINK TO FULL STORY
But, Ahmed says she thinks the busloads of elderly lobbyist were in fact brought in, fed breakfast as well as slanted information, educated, by Pro court reform coaches connected to the Texas homebuilder industry about the so-called frivolous lawsuits, in what Ahmed believes was a clear case of smoke and mirrors politics meant to promote tort reform specifically favorable to home builders and developers. Ahmed says the Austin tort reform blitz was organized by the group Texas For Lawsuit Reform (TLR), run by Richard Weekly. Richard Weekly is the brother of another Texas homebuilder/developer, David Weekly. Ahmed and others have also said that the Texas Tort reform efforts were bankrolled by Developer Perry and Weekly's generous financial support for homebuilder friendly legislative, gubernatorial and judicial candidates.
LINK TO FULL STORY
Monday, September 22, 2008
(REUTERS) Hadron Collider halted for months
Hadron Collider halted for months-FROM REUTERS
Sept. 21 - The Large Hadron Collider near Geneva may be shut down for at least two months after a serious malfunction, the European Organisation for Nuclear Reserach (CERN) says.
Engineers were forced to switch off the world's most powerful particle accelerator after a magnet failure, which led to tonnes of liquid helium leaking into the Collider's 27-km tunnel.
Earlier this month international scientists celebrated the successful start of the Large Hadron Collider (LHC) machine located in a deeply-buried tunnel on the Swiss-French border.
The biggest and most complex machine ever made, the LHC aims to unlock the physical secrets of the universe by simulating the conditions of the "Big Bang" that created the universe.
Helen Long reports.SOUNDBITE: James Gillies, Cern's Head of Communications.
Sept. 21 - The Large Hadron Collider near Geneva may be shut down for at least two months after a serious malfunction, the European Organisation for Nuclear Reserach (CERN) says.
Engineers were forced to switch off the world's most powerful particle accelerator after a magnet failure, which led to tonnes of liquid helium leaking into the Collider's 27-km tunnel.
Earlier this month international scientists celebrated the successful start of the Large Hadron Collider (LHC) machine located in a deeply-buried tunnel on the Swiss-French border.
The biggest and most complex machine ever made, the LHC aims to unlock the physical secrets of the universe by simulating the conditions of the "Big Bang" that created the universe.
Helen Long reports.SOUNDBITE: James Gillies, Cern's Head of Communications.
Thursday, September 11, 2008
A Trip to Ground Zero: Fourth in a Series (Re-post)
From Thursday, September 14, 2006
A TRIP TO GROUND ZERO-FOURTH IN A SERIES by CODY LYON
(photo courtesy Anthony German)
A TRIP TO GROUND ZERO-FOURTH IN A SERIES
By CODY LYON
On a cool, clear September 11th 2006, at around one in the afternoon, two friends riding bicycles met at a fountain just off Christopher Street alongside the Hudson River in New York City. The fountain was the pre-chosen starting point for the two friend’s annual pilgrimage downtown to ground zero, a ritual they’ve repeated for the past four years. The two friends, both in New York during the attacks of 2001, experienced the immediate effects of the disaster in different ways. One witnessed United Flight 175’s crash into the South Tower from his fifth floor Soho apartment. Unbeknownst to him at the time, an old friend was on that plane. He later watched both buildings collapse from his building’s roof.
The other friend, at the time a resident of East 14th Street, was at first oblivious to the event’s magnitude. He was on his way to work at the World Financial Center finding himself underground for over two hours in a Subway tunnel when the towers fell. When he was finally evacuated at City Hall station, just a few blocks from the collapse, he emerged among dust and smoke in a changed world.
For the next few months, both friends, like millions of New York residents, inhaled the smell of death, experienced pain that still has the ability to overcome joy but all the while experiencing a new sense of connectivity with their city.
The two, one originally from Alabama, the other from Germany, had met through friends just a few months after 9/11. They first bonded that June at a large outdoor dance party on the Westside pier at 13th Street. As fireworks blasted and a disco version of “Somewhere over the Rainbow” played, the two took in the new downtown skyline, discussed the event and shed tears as the one who lost his friend in the crash, began to talk about his lost friend’s zest for life.
“He was such a fun guy, he’d be here now, if he were around” he said, with an almost empty smile on his face.
The bond between the two new made friends was instant.
Over four years later, pedaling slowly to Ground Zero down the bike path along the Hudson, several persons, some with photographs of smiling faces, wedding pictures or individuals in other happy moments, passed by. One elderly couple dressed in sensible shoes and matching white top’s, each wearing a photograph of a smiling bright eyed woman, held hands as they walked on the path uptown. Men and women in uniform walked by, many with peaceful expressions that have long since dealt with the horror and loss this day represents. Motorcycles, many with POW flags, whizzed by on the highway, while honking horns blew in the distance from back at Christopher Street, an area now called Point Gratitude.
When the two reached the Hudson side of the former World Trade Center as bells rang in the distance, the two friends paused and separated.
As they stood among TV trucks, law enforcement officials and other observers, dust and dirt from the pit, one of Manhattan’s rare un-paved, plant free massive patches of earth, kicked up into the sky like a giant wave crashing against the sea wall. Interestingly, on the first anniversary of the horrors, dust had swirled from the freshly cleared site where the towers fell, in almost poetic cyclonic motion high into the sky.
This year it was different.
The two then rode a little further downtown, crossed the West Side Highway, hopped off the bikes and walked among the crowds past the Deutsche Bank building and around the corner headed towards the site itself. As they walked towards Liberty Street, now a giant observation area, they came upon Engine/Ladder Company 10, the firefighter’s station directly across from where the twin towers once stood.
On the side of the buildings wall, is the 56 foot bronze memorial structure that honors members of the New York City Fire department who died just across the street from the fire-station. The dramatic interactive memorial, designed by Martin V. Rambusch of the Rambusch Decorating Company, a gift from the Holland and Knight Law firm, was dedicated this past June 6, the four year anniversary of the conclusion of Fire Department recovery operations.
The top of the firefighter’s memorial reads “Dedicated to those who fell and to those who carry on- May we never forget.”
The wall was dotted with photographs of victims, mostly firefighters with names like Scott Larsen and Michael Kieffer.
Flowers and candles covered the base of the memorial and at one end of the structure, a large stuffed red heart that said in big gold letters, Angel.
All around, tears began their slow decent down countless faces forever marked by pain while the bells continued tolling in chaotic rhythms in the background.
While people of all shapes, shades and sizes stood quietly staring, reflecting or mourning, the two friends slipped into the huge shuffling crowds that moved at the steady pace of deceased head of state’s viewing.
Once past the site, the two crossed the street to find the bells they’d been hearing, four of them, all around the size of the famous one in Philadelphia, hanging at waist’s height with large ropes attached so that anyone could walk up and ring one in tribute to the fallen.
But, the earlier reverence was overshadowed by the piercing anger of protests competing for ears, cameras and notepads.
To some, the sadness of 9/11’s memory has been overshadowed by a tragic evolution of national and world events, politics and the selfish evidence of National division on vivid display at Ground Zero.
Clearly, the long extinguished flames of 9/11 continue to cast a pungent smell over a dvided nation and tumultuous world.
In the crowded blocks surrounding the 16 acres that changed the world, the smell was stronger than ever. The two friends inhaled the scene and mood around them in disoriented silence and sad awe.
Many in the crowd appeared to revel in the division, the conspiracy folks who claim “Bush knew” with their shrill condemnation of all that is mainstream to the “we support the President and our troops” crowd, brimming with self righteous certitude and shallow patriotic arrogance.
One wonders, if the angry people pointing, accusing, shouting and politically exploiting the deaths of nearly 3000 innocent souls had lost a loved one when the towers fell. In fact, one wonders if members of this circus were even in New York City on this day back in 2001.
According to a “New York Times” “CBS News” poll, around one third of New Yorker’s think about September 11th terrorist attacks every day.
As the two friends made their way through the newly formed town square, a police officer said she didn’t find the protesters offensive.
“They have a right to do and say what they want” she said.
Such is the beauty of a free society. But, had any of the shouting, pointing and exploiting people taken some time to go over to the memorial wall at Engine Company 10, and if they had, did they take a moment to digest and understand what it means to not forget?
The two friends had completed their annual ritual in less than two hours. It was time to get on their bikes, ride back uptown to the village, and contemplate all that has been lost.
A TRIP TO GROUND ZERO-FOURTH IN A SERIES by CODY LYON
(photo courtesy Anthony German)
A TRIP TO GROUND ZERO-FOURTH IN A SERIES
By CODY LYON
On a cool, clear September 11th 2006, at around one in the afternoon, two friends riding bicycles met at a fountain just off Christopher Street alongside the Hudson River in New York City. The fountain was the pre-chosen starting point for the two friend’s annual pilgrimage downtown to ground zero, a ritual they’ve repeated for the past four years. The two friends, both in New York during the attacks of 2001, experienced the immediate effects of the disaster in different ways. One witnessed United Flight 175’s crash into the South Tower from his fifth floor Soho apartment. Unbeknownst to him at the time, an old friend was on that plane. He later watched both buildings collapse from his building’s roof.
The other friend, at the time a resident of East 14th Street, was at first oblivious to the event’s magnitude. He was on his way to work at the World Financial Center finding himself underground for over two hours in a Subway tunnel when the towers fell. When he was finally evacuated at City Hall station, just a few blocks from the collapse, he emerged among dust and smoke in a changed world.
For the next few months, both friends, like millions of New York residents, inhaled the smell of death, experienced pain that still has the ability to overcome joy but all the while experiencing a new sense of connectivity with their city.
The two, one originally from Alabama, the other from Germany, had met through friends just a few months after 9/11. They first bonded that June at a large outdoor dance party on the Westside pier at 13th Street. As fireworks blasted and a disco version of “Somewhere over the Rainbow” played, the two took in the new downtown skyline, discussed the event and shed tears as the one who lost his friend in the crash, began to talk about his lost friend’s zest for life.
“He was such a fun guy, he’d be here now, if he were around” he said, with an almost empty smile on his face.
The bond between the two new made friends was instant.
Over four years later, pedaling slowly to Ground Zero down the bike path along the Hudson, several persons, some with photographs of smiling faces, wedding pictures or individuals in other happy moments, passed by. One elderly couple dressed in sensible shoes and matching white top’s, each wearing a photograph of a smiling bright eyed woman, held hands as they walked on the path uptown. Men and women in uniform walked by, many with peaceful expressions that have long since dealt with the horror and loss this day represents. Motorcycles, many with POW flags, whizzed by on the highway, while honking horns blew in the distance from back at Christopher Street, an area now called Point Gratitude.
When the two reached the Hudson side of the former World Trade Center as bells rang in the distance, the two friends paused and separated.
As they stood among TV trucks, law enforcement officials and other observers, dust and dirt from the pit, one of Manhattan’s rare un-paved, plant free massive patches of earth, kicked up into the sky like a giant wave crashing against the sea wall. Interestingly, on the first anniversary of the horrors, dust had swirled from the freshly cleared site where the towers fell, in almost poetic cyclonic motion high into the sky.
This year it was different.
The two then rode a little further downtown, crossed the West Side Highway, hopped off the bikes and walked among the crowds past the Deutsche Bank building and around the corner headed towards the site itself. As they walked towards Liberty Street, now a giant observation area, they came upon Engine/Ladder Company 10, the firefighter’s station directly across from where the twin towers once stood.
On the side of the buildings wall, is the 56 foot bronze memorial structure that honors members of the New York City Fire department who died just across the street from the fire-station. The dramatic interactive memorial, designed by Martin V. Rambusch of the Rambusch Decorating Company, a gift from the Holland and Knight Law firm, was dedicated this past June 6, the four year anniversary of the conclusion of Fire Department recovery operations.
The top of the firefighter’s memorial reads “Dedicated to those who fell and to those who carry on- May we never forget.”
The wall was dotted with photographs of victims, mostly firefighters with names like Scott Larsen and Michael Kieffer.
Flowers and candles covered the base of the memorial and at one end of the structure, a large stuffed red heart that said in big gold letters, Angel.
All around, tears began their slow decent down countless faces forever marked by pain while the bells continued tolling in chaotic rhythms in the background.
While people of all shapes, shades and sizes stood quietly staring, reflecting or mourning, the two friends slipped into the huge shuffling crowds that moved at the steady pace of deceased head of state’s viewing.
Once past the site, the two crossed the street to find the bells they’d been hearing, four of them, all around the size of the famous one in Philadelphia, hanging at waist’s height with large ropes attached so that anyone could walk up and ring one in tribute to the fallen.
But, the earlier reverence was overshadowed by the piercing anger of protests competing for ears, cameras and notepads.
To some, the sadness of 9/11’s memory has been overshadowed by a tragic evolution of national and world events, politics and the selfish evidence of National division on vivid display at Ground Zero.
Clearly, the long extinguished flames of 9/11 continue to cast a pungent smell over a dvided nation and tumultuous world.
In the crowded blocks surrounding the 16 acres that changed the world, the smell was stronger than ever. The two friends inhaled the scene and mood around them in disoriented silence and sad awe.
Many in the crowd appeared to revel in the division, the conspiracy folks who claim “Bush knew” with their shrill condemnation of all that is mainstream to the “we support the President and our troops” crowd, brimming with self righteous certitude and shallow patriotic arrogance.
One wonders, if the angry people pointing, accusing, shouting and politically exploiting the deaths of nearly 3000 innocent souls had lost a loved one when the towers fell. In fact, one wonders if members of this circus were even in New York City on this day back in 2001.
According to a “New York Times” “CBS News” poll, around one third of New Yorker’s think about September 11th terrorist attacks every day.
As the two friends made their way through the newly formed town square, a police officer said she didn’t find the protesters offensive.
“They have a right to do and say what they want” she said.
Such is the beauty of a free society. But, had any of the shouting, pointing and exploiting people taken some time to go over to the memorial wall at Engine Company 10, and if they had, did they take a moment to digest and understand what it means to not forget?
The two friends had completed their annual ritual in less than two hours. It was time to get on their bikes, ride back uptown to the village, and contemplate all that has been lost.
Wednesday, September 10, 2008
Descent into political chaos
by Cody Lyon
On Wednesday, September 10, 2008, New York City saw puffy clouds, cool breezes and sunshine that gently bathed the city's tall buildings in crisp golden sunlight. The bike path along the Hudson was filled with cyclists and joggers while on the streets, tourists made their way to places like Times Square or the ferry out to the Statue of Liberty.
Outside towers near Wall Street, office workers took smoking breaks enjoying the hints of autumn while others lunched on benches tossing an occasional crumb to pigeons while traffic whizzed by on the West Side Highway. From an observation deck of an individual life in the city, the island of Manhattan was enjoying a beautiful day.
Still, there is no doubt, countless New Yorkers have been engrossed by the ongoing nonsense gripping the current contest for the land's most important political office a horse race that has recently been punctuated by references to dogs, swine and lipstick.
But with that captivation has come an increasing sense of worry and frustration, as many New Yorkers watch and listen to a political contest that has in many minds descended into a chaotic diversion and not a debate over party ideology, values and solutions.
Here it is, the second week of September and despite a Congressional Budget Office report saying the United States deficit is projected to rise to $407 billion, along with a continued rash of failing financial institutions, the nightmare of misled war in Iraq, a mere treading of water in the land of the Taliban, Afghanistan, despite the fact that 50 million un-insured, a disappearing middle class, the headlines are filled with talk of pitbulls, swine and lipstick, as if some sort of Animal Farm like fever had stolen the meat from the potato's of reality that politics is meant to address.
Even on this day before the anniversary of what is arguably the city's greatest tragedy, a crime of death, destruction and horror, a memory that still blips loudly on the radar screens of so many New Yorkers and Americans everywhere, text messages were being sent and phone calls made among political junkies who call themselves Democrat as they worried aloud that the party values they support were facing increasingly tremendous obstacles come November.
For many, some who call themselves transplants, those who originally come from places far away from the so called sophistication, the bustle and hustle, those who ran away to New York to exist in tolerance and acceptance, an added sense of urgency was setting in as polls showed increasing numbers for the party they held responsible for exploiting pain and tragedy for political gain.
They wondered why, in an election year where the baggage of the past administration would simply and dramatically sink the hopes of Republicans maintaining control of the executive branch, the Democrats were failing in their attempts to make victory, perhaps more appropriate, change, a "sure thing" in November
Since the days of September 11, 2001, New York City has moved on. Sure, the memories are still there, the pain, the hurt and the anger, but regardless, the busy lot that New Yorkers are, dictates staying on their toes, and that includes politics.
In one phone call, a CEO of a small marketing firm downtown said that whomever devised the coronation of Sarah Palin as a running mate for the 25 year veteran of Congress was "simply genius."
He went on to say that they, the Republican strategists, long ago mastered how to get into the psyche of America's heartland.
Just what is that psyche?
In a chapter tilted Persecuted, Powerless and blind from his book "What's the matter with Kansas", author Thomas Frank asserts that in what he calls 'red land' "both workers and their bosses are supposed to be united in disgust with those affected college boys at the next table, prattling on about French cheese and villas in Tuscany and the big ideas for running things that they read in books.
According to the transplant marketing exec in Manhattan, the people described in that book are his family, his family's friends and other people who see the antithesis of those college boys in Sarah Palin and John McCain.
"David Axelrod just got his head handed to him on a silver platter," he yelled into his phone.
Not that the marketing exec is happy about that. Rather, he says, the Democrats, i.e. Obama and his team must rise up, perhaps take a humble pill, and somehow figure out how to "inspire" the reportedly "more than half" of the nation's voters. He, his running mate and his surrogates must figure out a way to re-inject the hope that a better America is somehow attainable through the political process, a poisoned process that they can overcome, if they maintain their sincere message of opportunity for all.
To be fair, the marketing man on the phone was a Hillary supporter during the primary and as of just a few weeks ago, made no denials of his reluctance to grudgingly support the Obama-Biden ticket. But, with the new Alaska superstar stealing the thunder from everyone else in the campaign, he says he realized that his frustration was geared more towards the American people, and perhaps the media for not highlighting the crucial differences in the candidates and what it is they intend to do, or not do, once in power.
Plain and simple, how can Democrats spell out to the people that voting for the Republican candidate would most likely do little to change their lives from the current state it is in now?
Still, during the chat, he said some members of his own mostly politically moderate working class family had been energized by Palin simply because they can identify with her.
"They really don't care about her stand on issues, it's about a person that's like them, not some fancy pants elite politician like Obama," he said.
At that moment in the conversation, thinking back in political time to the Democratic Primaries, one can't help but recall the moment that Senator Hillary Clinton seemed to wake up and embrace the populism espoused by the now "disgraced" John Edwards. It was at that point Clinton appeared to whip her campaign out of an entitled, arrogant state of being and began to aggressively market herself as someone who passionately embraced the populist issues of all the people in a manner that was purely political, but somehow sincere. In the waning days of her campaign, Clinton was able to work that political formula, while guzzling whiskey shots and beer all the way to several victories, but alas, to little to late.
For some reason, despite being a Clinton, people began to believe, that this candidate would wake up every morning and fight for their interests. They saw someone who would seek to bridge the glaring economic inequity that had helped further foster the class divides of the states. Perhaps, they even began to believe that she was sincere.
It is imperative that the Obama campaign figure out its way in doing the same, perhaps not a carbon copy repeat of the Clinton awakening but certainly not the sad tit for tat insult show that the campaign has engaged in along with the Republicans. Otherwise, millions of Americans will continue on their quest to choose a candidate they can relate to.
Meanwhile, in New York City, the anniversary of that day that shook modern America to its very foundation, tested its resolve and for a brief shining moment, unified a nation so tightly, will come and go just like every other day.
On Wednesday, September 10, 2008, New York City saw puffy clouds, cool breezes and sunshine that gently bathed the city's tall buildings in crisp golden sunlight. The bike path along the Hudson was filled with cyclists and joggers while on the streets, tourists made their way to places like Times Square or the ferry out to the Statue of Liberty.
Outside towers near Wall Street, office workers took smoking breaks enjoying the hints of autumn while others lunched on benches tossing an occasional crumb to pigeons while traffic whizzed by on the West Side Highway. From an observation deck of an individual life in the city, the island of Manhattan was enjoying a beautiful day.
Still, there is no doubt, countless New Yorkers have been engrossed by the ongoing nonsense gripping the current contest for the land's most important political office a horse race that has recently been punctuated by references to dogs, swine and lipstick.
But with that captivation has come an increasing sense of worry and frustration, as many New Yorkers watch and listen to a political contest that has in many minds descended into a chaotic diversion and not a debate over party ideology, values and solutions.
Here it is, the second week of September and despite a Congressional Budget Office report saying the United States deficit is projected to rise to $407 billion, along with a continued rash of failing financial institutions, the nightmare of misled war in Iraq, a mere treading of water in the land of the Taliban, Afghanistan, despite the fact that 50 million un-insured, a disappearing middle class, the headlines are filled with talk of pitbulls, swine and lipstick, as if some sort of Animal Farm like fever had stolen the meat from the potato's of reality that politics is meant to address.
Even on this day before the anniversary of what is arguably the city's greatest tragedy, a crime of death, destruction and horror, a memory that still blips loudly on the radar screens of so many New Yorkers and Americans everywhere, text messages were being sent and phone calls made among political junkies who call themselves Democrat as they worried aloud that the party values they support were facing increasingly tremendous obstacles come November.
For many, some who call themselves transplants, those who originally come from places far away from the so called sophistication, the bustle and hustle, those who ran away to New York to exist in tolerance and acceptance, an added sense of urgency was setting in as polls showed increasing numbers for the party they held responsible for exploiting pain and tragedy for political gain.
They wondered why, in an election year where the baggage of the past administration would simply and dramatically sink the hopes of Republicans maintaining control of the executive branch, the Democrats were failing in their attempts to make victory, perhaps more appropriate, change, a "sure thing" in November
Since the days of September 11, 2001, New York City has moved on. Sure, the memories are still there, the pain, the hurt and the anger, but regardless, the busy lot that New Yorkers are, dictates staying on their toes, and that includes politics.
In one phone call, a CEO of a small marketing firm downtown said that whomever devised the coronation of Sarah Palin as a running mate for the 25 year veteran of Congress was "simply genius."
He went on to say that they, the Republican strategists, long ago mastered how to get into the psyche of America's heartland.
Just what is that psyche?
In a chapter tilted Persecuted, Powerless and blind from his book "What's the matter with Kansas", author Thomas Frank asserts that in what he calls 'red land' "both workers and their bosses are supposed to be united in disgust with those affected college boys at the next table, prattling on about French cheese and villas in Tuscany and the big ideas for running things that they read in books.
According to the transplant marketing exec in Manhattan, the people described in that book are his family, his family's friends and other people who see the antithesis of those college boys in Sarah Palin and John McCain.
"David Axelrod just got his head handed to him on a silver platter," he yelled into his phone.
Not that the marketing exec is happy about that. Rather, he says, the Democrats, i.e. Obama and his team must rise up, perhaps take a humble pill, and somehow figure out how to "inspire" the reportedly "more than half" of the nation's voters. He, his running mate and his surrogates must figure out a way to re-inject the hope that a better America is somehow attainable through the political process, a poisoned process that they can overcome, if they maintain their sincere message of opportunity for all.
To be fair, the marketing man on the phone was a Hillary supporter during the primary and as of just a few weeks ago, made no denials of his reluctance to grudgingly support the Obama-Biden ticket. But, with the new Alaska superstar stealing the thunder from everyone else in the campaign, he says he realized that his frustration was geared more towards the American people, and perhaps the media for not highlighting the crucial differences in the candidates and what it is they intend to do, or not do, once in power.
Plain and simple, how can Democrats spell out to the people that voting for the Republican candidate would most likely do little to change their lives from the current state it is in now?
Still, during the chat, he said some members of his own mostly politically moderate working class family had been energized by Palin simply because they can identify with her.
"They really don't care about her stand on issues, it's about a person that's like them, not some fancy pants elite politician like Obama," he said.
At that moment in the conversation, thinking back in political time to the Democratic Primaries, one can't help but recall the moment that Senator Hillary Clinton seemed to wake up and embrace the populism espoused by the now "disgraced" John Edwards. It was at that point Clinton appeared to whip her campaign out of an entitled, arrogant state of being and began to aggressively market herself as someone who passionately embraced the populist issues of all the people in a manner that was purely political, but somehow sincere. In the waning days of her campaign, Clinton was able to work that political formula, while guzzling whiskey shots and beer all the way to several victories, but alas, to little to late.
For some reason, despite being a Clinton, people began to believe, that this candidate would wake up every morning and fight for their interests. They saw someone who would seek to bridge the glaring economic inequity that had helped further foster the class divides of the states. Perhaps, they even began to believe that she was sincere.
It is imperative that the Obama campaign figure out its way in doing the same, perhaps not a carbon copy repeat of the Clinton awakening but certainly not the sad tit for tat insult show that the campaign has engaged in along with the Republicans. Otherwise, millions of Americans will continue on their quest to choose a candidate they can relate to.
Meanwhile, in New York City, the anniversary of that day that shook modern America to its very foundation, tested its resolve and for a brief shining moment, unified a nation so tightly, will come and go just like every other day.
McCain gains among women voters (REUTERS)
McCain gains among women voters (REUTERS)
(02:08) Report
Sep 9 - McCain's surge in the polls since the Republican Convention is attributable to a shift in support among white women, who now give McCain a 12 point lead.
According to a Washington Post/ABC poll, among all voters who supported Hillary Clinton in the Democratic primaries-- nearly a quarter-- about 5 million voters-- say they plan to support John McCain in November.
Jon Decker reports.
SOUNDBITE:Brian Darling, senior fellow, Heritage Foundation
(02:08) Report
Sep 9 - McCain's surge in the polls since the Republican Convention is attributable to a shift in support among white women, who now give McCain a 12 point lead.
According to a Washington Post/ABC poll, among all voters who supported Hillary Clinton in the Democratic primaries-- nearly a quarter-- about 5 million voters-- say they plan to support John McCain in November.
Jon Decker reports.
SOUNDBITE:Brian Darling, senior fellow, Heritage Foundation
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