Tuesday, June 28, 2022
Sunday, August 9, 2015
Sale of last iconic Catskills resort signals the end of an era
Now, the last of the iconic Catskills resorts has been sold to a company that plans to turn the property into a healthy living resort.
Through-out the decades, major performers would flock to the tourist destination which was known for it's lavish hotels and getaways.
Families looking to get away for the summer would head there in the thousands each year; and parents would send their kids to the area's many sleep away camps like Kutscher's Sports Academy and Camp Anawana, made famous by the popular Nickelodeon show of the same name.
The next Detroit? Atlantic City facing catastrophic collapse
- http://www.fox5ny.com/news/16771572-story
Sunday, December 25, 2011
Stop Eating Yogurt, IT IS TERRIBLE FOR YOU!!!
There I said it. Everyone loves it, and thinks its part of a good diet, but it has sugar and lots of sugar. REMEMBER PEOPLE, FAT IS NOT THE ENEMY. SUGAR IS THE ENEMY. FAT IS OK, SUGAR IS WHAT MAKES YOU FAT. FAT JUST HAS A BAD RAP BECAUSE ITS CALLED FAT, BUT IT IS NOT WHAT MAKES YOU FAT, AT ALL!!
According to my friend a diet specialist at Weight Loss Center Inc. If you want yogurt, have greek yogurt. It has a lot of protein and not a lot of sugar. Sure it tastes gross, just add some equal and there ya go!
But enough with the frozen yogurt B.S.
People have been making millions off of this so-called healthy alternative to ice cream because they know most people are too ignorant to look at the label and see how much sugar is in there, or they just do not know. So remember this.
Fact: Sugar is the enemy. Yogurt is as bad for you as ice cream is, end of story.
Wednesday, May 18, 2011
The New Domino Theory in South East Asia
The New Domino Theory in South East Asia
Monday, April 11, 2011
No Pain No Gain is a Thing of the Past, Now its No Burn, No Earn
Thursday, February 11, 2010
The Myth About the Unemployment Rate being at 10 percent (its really close to 24 percent)
Actually everyone, its more like 24 percent. Yes, you read it correctly, 24 percent.
One must wonder how it is possible that I came to that conclusion. Well it is certainly not just me, but a steady stream of intellectuals, politicians and bloggers who are realizing that the governments' current guidelines for determining the unemployment rate is horrendously flawed.
'After a year, if you haven't found a job, they assume you gave up and dont count you anymore!'
According to Jason Termin a jobs analyst who works for the Department of Labor, the unemployment figures are skewed to give a much better picture and its been this way for decades. "Basically the unemployment rate is figured by guessing how many people have been looking for a job for a year or less" Termin says.
"If you have been looking for a job longer than a year, than the government assumes you gave up and doesn't count you in the tally of unemployed, even though in this recession, according to MOST job sites it can take almost 1 to 2 years in this climate to find the ideal job."
He went on to point at the latest jobless figures. "If you figure in the people who STILL havent found work after a year, its certainly close to, if not more than 20 percent unemployment, and most job statisticians would agree with that figure".
So what is the solution? Termin says we should really "press the media to stop buying into the goverments flawed way of calculating the unemployment rate and demand that the government give accurate figures"
The bottom line is, both sides of the government are at fault for promoting this lie. People deserve the truth. Unfortunatley the truth may be too sobering for both sides of the media and goverment to admit to, especially when the truth points to that grim fact that this recession has a jobless rate almost equal to that of the Great Depression.
Thursday, December 31, 2009
Decade in Review... The 2000s
The decade began with a sigh of relief when the feared computer Y2K bug failed to materialize as companies adjusted their systems in time. And optimism prevailed when AOL and Time Warner decided to merge in a deal that epitomized the dot-com era's belief in seemingly unlimited growth, however ended up being one of the worst mergers in history, one which saw Turner owned World Championship Wrestling being bought by Vince Mcmahon and the former WCW owner out almost 10 Billion dollars because of this horrendously miscalculated deal.
But tensions grew quickly in the 2000s: There was the crash of the Concorde, the beginning of the second Intifada, the attack on the USS Cole, and a hotly disputed presidential election that wasn't officially decided until the Supreme Court halted the recount of ballots in Florida
The rest of the decade bore witness to:
• Violence. The Sept, 11th attacks were the worst of a series of terrorist attacks, the first attack on US soil by a foreign enemy since Pearl Harbor with far more casualties. Followed several years later by a train bombing in Spain and a subway blast in London. After 9/11, the United States led wars in Afghanistan and Iraq. Russia and their former republic Georgia tangled in later year, each side blaming the other for the conflict and with the U.N. surprisingly blaming Georgia for starting the fight!
• Natural disasters. Nearly 230,000 people spread over several South Asia countries died in a tsunami spawned by an Indian Ocean earthquake. Tens of thousands were killed by earthquakes in Pakistan and China. Hurricane Katrina tore through New Orleans in 2005.
• Economic malaise. The collapse of the dot-com and housing bubbles fostered two financial crises: The second one resulted in the worst economic climate since the Great Depression, something I call the Great Recession.
Good News:
News wasn't bad for everyone. Apple unveiled the iPod, and later, the iPhone. Their stock more than doubled.
Nintendo came out with the revolutionary Wii motion system which destroyed Sony and Xbox and prevented Nintendo from going the way of Sega and Atari, their stock jumped from 20-130 dollars a share while Sony and Microsoft barely survived the Great Recession.
The New York Giants won their second Super Bowl championship by beating the undefeated New England Patriots in one of the biggest upsets in sports history. Mixed Martial Arts, most notably, UFC went from being bankrupt to becoming a mainstream billion dollar industry on the way to compete with boxing.
The Boston Red Sox broke an 86-year drought in winning the World Series. Michael Phelps swam into the record books with eight Olympic gold medals. An airline pilot saved more than 150 lives by landing on the Hudson River safely after geese flew into the engines and forced the plane to land. The Yankees won the World Series multiple times including the 2009 World Championship....
There were plenty of firsts. First Austrian bodybuilder to become the governor of California. First woman to win an Indy race. First female speaker of the House. First Hispanic member of the Supreme Court. First African-American president.
The final year of the decade saw the death of the biggest musical star of his generation Michael Jackson; political rancor ("You lie!") over proposals to change U.S. health care, which could result in the most far-reaching government program since the Great Society; and a sex scandal surrounding professional golf's biggest draw. There is much more to talk about, but in the meantime, lets ring in this new year on tomorrow nights FIRST BLUE MOON IN 19 YEARS with a prayer that all our dreams comes true and good things happen to all those around us! Amen!
Sunday, August 23, 2009
Is the "Great Recession" over?
On paper, one may think so. Home sales have jumped a whopping 27 percent (some say 33 percent, or 17 percent, but either way its a jump). Job loss claims were lower than expected last month (even though they did jump this month to over 500,000). So one might think things are easing up... Well, that is simply not true.
According to Ray Jones, CEO of Farmworth Capital LLC. the majority of home sales were done by corporations who were looking to get a steal from buying foreclosed and decrepid homes. That is where the sales increased. These werent sales from people who were looking to buy a great home at a great price. The latest scheme going on these days, according to Jones is that corporations are getting together and buying homes that once cost $400,000 for less than $150,000 dollars... in bulk, that is all that is happening. And that's not all..
The commercial real estate bubble hasnt even burst yet. There are some companies that overpaid for buildings in Manhattan by hundreds of millions and have no way to coming up with their payments.
One building bought in Times Square for almost a billion dollars, has not only gone down in value by nearly half since the "Great Recession" started, but the company that bought it, TL Gerban, a Dutch corporation, has no way of coming up with the payments because theyre about to go bankrupt. It is one example of perhaps thousands of companies that have no way of coming up with rent payments.
When the foreclosures start in the commercial real estate market, that is truly when the "Great Recession" will have bottomed out. So until then, Mr. Bernake can keep doing the drugs he is doing, he is stepping down in January anyway. Sorry everyone, the "Great Recession" is here to stay for another few years.
Tuesday, July 21, 2009
Summer Movie Review... Bruno!!!!!!!!!!
3 and a half stars... Original and ingenious, better and funnier than Borat.
Wednesday, July 15, 2009
Summer Movie Review...Harry Potter, Not just for Kids anymore...
Ive always felt that movies should be no longer than two hours. After about that time, a person gets ancy, no matter how good a movie is. However, in this sixth installment, which has some of the best special effects I have ever seen, the movie shouldve been a bit longer! I am not even kidding! Very well done. Truly one of the few movies to be just as good as all the others in their respective series. And I dont wanna hear about how Godfather 2 was better than The Godfather, because it wasnt and I know plenty of people who agree with me! Now back to Half Blood Prince..
Interestingly enough, this was to be J.K. Rowlings final installment, but the final book is so huge, over 700 pages, that they needed to make the final episode into over 2 movies long! So we still have a few more Harry Potters to go (and I still have to finish the book version of this movie!)..
The plot goes like this...
So in the end, it was great visually, I do not feel the series is fatigued yet and I still feel theres alot more Harry to come in the next few years... I give it two thumbs up, three and a half stars, if only because the ending couldve been a bit of a better cliff hanger. And by the way, my prediction? Dumbledore pulls an Obiwan and returns in some form to guide harry..
I give this movie an A or 3 and a half stars!
Great effects, great continuity, great story telling and great character development, with a dash a great comedy thrown in! Just be wary, the kids might get scared with the blood and death of dumbledore. It aint just for the kids anymore, Harry is all grown up...
Tuesday, July 14, 2009
Williamsburg, Brooklyn starting to resemble Miami...and I dont mean in a good way!
Well lets see if I was right. According to the New York Times today, atleast 17 buildings in Williamsburg that overlook the amazing waterfront of Manhattan are now vacant!
NOT 17 APARTMENTS, BUT 17 BUILDINGS!!!!
The New York Times, stealing a quote from me, went on to say that Williamsburg is starting to resemble Miami in terms of the amount of buildings taking up the skyline that are literally empty!
And it is.
A few years ago everyone thought that Miami was the place to buy. For the life of me I dont understand why they didnt just ask their parents about the early 1980s when everyone thought the same thing as the drug dealers were being kicked out. By the early 1990s, Miami had gone bust along with the rest of the real estate market. Its a pattern that happens every 20 years in Miami, it happened in the 1960s before the drug dealers took over... and now I believe the same thing is happening in the outer boroughs of New York City.
In 1987 everyone raved that Long Island City was the place to buy. They put up a big ugly green Citi bank building and thats about all that changed for atleast 20 years until the recent real estate boom put so many yuppies in there it now resembles a small version of Hoboken, New Jersey with a really cool skyline. But it took 20 years...
Williamsburg was one of the most disgusting, dispicable places anyone could ever walk through. The crime was horrible and the projects were overwhelming. Then, over the past 10 years it developed into a really cool hipster spot for the art loving crowd. Heck, young people from all walks of life have been flocking there and now the Williamsburg Bridge is one of the coolest and safest places to walk to Manhattan from. Its like an artsy Hoboken. And the crazy part is, some of the prices in Williamsburg are more than Manhattan!!!! I USED TO LIVE IN BROOKLYN, ITS SHOCKING THAT THIS IS HAPPENING!!
However, greedy real estate tycoons like Waterson inc. thought it was smart to buy up 10 or 12 buildings with the wonderful philosophy, if you build it, they will come... well... they built it, but only half of them actually came and bought. Waterson, like many others, are feeling the pinch of the real estate bust and now, like theyre bretheren in Miami, they can either choose to wait until the storm passes within 5 years or go bankrupt, there really is no other alternative... We just have to hope that long gone are the days when landlords in Brooklyn and the Bronx would resort to burning down their shell of a building in hopes of getting atleast some of their money back... that would be...really bad...
Monday, July 13, 2009
Season opener of Entourage was great, Hung was..... surprisingly....
Surprisingly good. I must say, the idea of a show about a male gigilo brings me back to the Schneider movies that had plenty of laughs.. for a movie... but to make it into a serious (sort of) series? well that was something that I thought would for sure bomb.
But in my opinion it didnt and it wont. The flashback sequences, the character development all worked perfectly. Thomas Jane, the guy who portrayed the Punisher, does an outstanding job as a teacher whos luck forced him to call for desperate measures in order to make money. The kids were funny and the way his wife is portrayed as an annoying mom who the kids want to get away from is genuinely, perfectly done.... I actually felt bad for her.
Two thumbs up for the newest surprise hit for HBO (apparently it was more watched than Entourage and everyone that I know of who watched it, said it was great and were as surprised as I was in how good it was!)
A+ two thumbs up...
As far as Entourage goes... last season it was really cool seeing Vince struggling as he fell from the mountain top, only to regain his momentum and land a movie role, just as it started to appear he was finished... showing that one must never give up in life no matter how many boulders are put into ones path....
so..... for the new season opener of Entourage, it appears that Eric has decided it’s time to spread his wings and is looking to move into his own place, but it doesn’t go that easy for him. Last night’s episode also saw Lloyd and Ari battle with each other, over Lloyd’s future.
And as for Vince, the premiere saw him keeping busy. Not only was he seen trying to get his driving license and prepare, but last night, we also saw him in a starring role of a new Martin Scorsese movie “The Great Gatsby,” which he was promoting on Jay Leno.
A+ for both premiers..
next week I will give my opinion on a show that all my friends are begging me to get into...
True Blood. ive watched a few episodes, its good and I am very surprised a show based on modern vampires made it this far, but I promise, next week I will give a fair and honest review.
Wednesday, June 24, 2009
Why the protests in Iran will change nothing, why Ahmadinejad makes no difference and why it wont make a difference if Mousavi is Granted Victory
Well unfortunately ... to the people who like to think of it as a reverse 1979 Iranian revolution, with democracy as the end result, the army, revolutionary guards and other militia are well paid and fully support the current regime.
Personally I prefer Ahmadinejad or however you spell his name stay in power so he can keep showing the world Iran's real intentions. As Obama says, "With the mullahs in charge, theres no reason to think Iran's policy will change if the opposition wins the election, or at the very least Ahmadinejad resigns."
Iran's regime wants the bomb, most people know it and there is little the world can and will do about it. Keep in mind the irony of the fact that in 1935, the Persian Muslims wanted to show their solidarity with the Nazis so much that they changed the name of Persia to Iran, which literally means lands of the Aryans, keep in mind that they want nukes and it makes for a very scary scenario that the world must eventually be prepared to deal with.
Friday, June 19, 2009
Gambling Reaches New York City.
It worked in Pennsylvania, however there are those who are very concerned.
In 2006, the New York state legislature gave the NY Lotto the power to regulate and license slot machines and video poker in a racing track 5 miles away from Manhattan. People were immediately fearful that a "racino" with an 18 to gamble law (as opposed to 21 in other area casinos) would do nothing but cause crime and depress real estate prices in the surrounding area.
Many people believe there are benefits in having a racino that brings in millions of dollars. In New York, most of the money generated by the racino, like most New York Lotto games, is used for education. And in Pennsylvania, it helped lower property taxes. However there are others that believe there is indeed a cause for concern.
In the 1970s, when Atlantic city, a resort town that used to be the Disney World of the early 20th century, eventually decayed into a barren wasteland of filth and drugs, the New Jersey state legislature approved one of the most controversial plans ever by a state. The city was one of the worst in the nation and quickly needed money. So by 1976 New Jersey became the second state to allow casinos and gambling. Did it help? Well it certainly created thousands of jobs and with posh hotels like Hotel Chelsea and Borgata, incredible restaurants that rival New York and Vegas and 37,000,000 visitors a year compared to Vegas' 38,000,000 a year, so it can certainly look like a success on paper, especially when you consider the 150 percent increase in real estate prices Atlantic city went through in the past decade. However, crime still runs rampant outside the casino boardwalk area and Atlantic city's high school remains one of the worst in the state.
Then one might point out what gambling did to parts of Connecticut when they allowed the Native Americans to open Casinos. Over 200,000 jobs were created and the tribes who live in these reservations, people who were used to poverty and depression, now see hope and millions of dollars in profits (sometimes billions for certain Casinos).. instant economy for the reservations.
So in essence, it works. Especially when one considers that in its first week, the Empire City Casino, 5 minutes from Yankee Stadium in Yonkers profited 4 millions dollars a day that week and still profits numbers just as close, more any other race track in the tri state area! Consider the fact that most of the money raised in Empire City goes into education and one may feel they are giving to charity when they gamble! so that can be dangerous in its own right! Justified gambling!
Thursday, May 28, 2009
Can Socialism in America Work? Does Socialism work at all?
First, it was tried, in an EXTREME form in the Soviet Union. Bread lines, lines for toilet paper, lines to ask what line to get in so that you could get on a waiting list to stand in another line to get a place of your own and be able to leave the 1 room apartment you were sharing at age 35 with your wife, nine kids, your no good brother in law, your grandmother, and crazy uncle Igor who liked to re-enact the Seige of Leningrad at the most inopportune times.
Then it was tried in Eastern Europe, where again, it failed in all of the communist bloc countries.The idea was that the government owned everything, gave you your salary, got you a job, universal health care, and supposedly you lived like everyone else. No upper class. No snobs to make fun of your poor lifestyle. The only problem...there was indeed a ruling class and they lived a heck of a lot better than the rest of the populace. No freedom to vent your anger at the government if they so happened to come in the middle of the night and kidnap your parents, and another problem was that there was no motivation for anyone to work beyond their means since you couldnt exactly buy a nice piece of land eventually, a house, a nice car, or own anything that would make you different or better than anyone else for that matter. So that system of socialism failed.
Then Western Europe, realizing after World War 2 that they badly needed the government to keep things afloat formed a sort of "hybrid form of Capitalism/socialism". Now I am not talking about the hypocritical Chinese form of socialism capitalism. They aren't even a communist country anymore. They are more like a form of a capitalist dictatorship, similar to South Korea between the 50s and the 80s with a lot more people and a lot less freedom for the populace.
The rest of Europe and many countries throughout the world took many of the ideas of socialism and etched it deep in their societies. The government would take a large stake in many corporations to make sure they cant fail. They tax so much it would make a lottery winner feel poor. But in the end there was universal health care (which many feel is a waste, considering the long waiting lists), pensions for much of the populace. Basically in a lot of these countries you can be guaranteed to be taken care of from cradle to grave, you just have to pay more in your taxes.
Some corporations in these countries are deemed just "too big to fail" (sound familiar?). Canada and many commonwealth countries have "Crown corporations" where the government owns and has a big say in these companies so they dont end up the way of Chrysler.
So does it work? ask Iceland, who just ended up bankrupt, a first for a modern western democracy (if im wrong, let me know, but I cant find any other examples). But then again, Western Europe did experience the "miracles" of the late 50s and 60s where they had enourmous economic growth after being torn apart by World War 2.
In America, people have a bad taste for this sort of capitalist/socialist hybrid system. Some bloggers claim that there already was a small form of it before this recent economic mess started.
Police
Military
Some power grids
City and state infrastructure is supposedly a combination of socialism and capitalism working side by side. Or maybe just Federalism.
K-12 schooling
Some higher education is all under some sort of federal and state control. But the whole point here is corporate full blown capitalism/socialism with a planned economy and if it indeed DOES work, because it truly has never been tried here.
If you ask your grandparents, the closest the government came to owning anything was a few banks in the 70s and the famous Chrysler loan of the late 70s, early 80s. But they never had a large stake like they do in the 70 percent ownership of GM and some of the major banks. So whats supposed to happen now? If you ask your parents and grandparents, they may be as puzzled as you because they dont remember the last time the government owned anything this much!
In a way, the corporations themselves, federal and state jobs have forms of socialism. Universal healthcare for you and your spouse, a pension. But take note that many corporations have failed because they were forced to pay out large sums for pensions and surgeries of retired workers i.e. GM, Chrysler.
The bottom line is, in the past, like Flint Michigan in the 1980s, the idea of the government was, "let the natural cycles of capitalism take fold. People will lose their jobs, lives will be ruined but eventually someone will pick up the pieces and such is life." Its worked for 200 years so what I cant understand is why the government all of a sudden has this new idea that government ownership will prevent the inevitable collapse of companies that are doomed to failure because their business models just dont work.
You cant artificially inflate failed business models with money loans and government ownership. It cant work, and it wont work. This country is too big. Now dont even mention Henry Paulson and his famous Wall Street loans. The mere mention of his name makes me angry because a man like him should be brought up on corruption charges. He blindly gave money to wall street, noone has any clue where the money went, and he has a nice snug job in the very same place he helped "save" in what was one of the biggest thefts in US history, but thats another issue that I will vent about another time. In any case, it isnt the sort of Government intervention im talking about.
It sounds cruel, but its true because its worked in the past. Let the natural cycle of capitalism happen. But thats the old idea. We are in a new age, looking at a new abyss.
Noone here has ever been involved with such an experiment before and unlike the people at CNBC who have to tell everyone itll get better by the end of 2009 (thought they said the same thing in 2008), I think we are in for a recession that will not get better until the better part of 2012, 2013, when the new World Trade Center is finally FINALLY built (thats another story ill be venting about next time).
So final answer: We dont know if it will work, because it has never been tried here before. But if we look at other examples, i.e. Iceland, we may be in for a big bad surprise, or not. Its too early to tell.
"Life is so simple, but we insist on making it complicated"
Confucius
551 - 479 BC
Tuesday, May 12, 2009
Darfur... The tragedy of our generation's Holocaust
It is extremely sad that we live in a time where politicians openly talk about the Darfur tragedy yet no one seems to want to do anything about it.
Rawanda happened in the mid 90s and we promised ourselves something like that would never happen again. Here we are in the midst of a tragedy that is about to eclipse the horrors of Rawanda and once again our government is paying lip service and doing nothing concrete.
Both the republicans and democrats have promised to do something about it. Once again, all we are getting are empty promises while over 500,000 have been killed, nearly 3 million displaced and an untold number of women brutaly raped and sold into slavery.
Shame on us, shame on our goverment and shame on the United Nations, which was originally set up to stop this sort of thing from happening in the first place.
Monday, April 6, 2009
LIVING IN AN ERA OF NUCLEAR APPEASEMENT
I look at the political atmosphere and I cannot help but notice the similarities between now, and 1938.
Now I know what you are going to say, it is a VERY different world. The United States isnt into Isolationism anymore and is extremely pro-active in world affairs. Fine. One might also say that the jews now have an army, navy, airforce and over 300 nukes. Fine. Well as much as we have evolved, so has the enemy.
In the world of 1938, the world appeased the Nazis in every possible way to avoid war. The world gave them Czechoslovakia, allowed them to rebuild their army, navy and airforce...and the people who thought that by allowing them to pursue their visions, "peace in our time" would be reached. We all know how that went. The Axis powers went on to start World War 2 and came very close to having Nukes before they were stopped, after causing over 70 millions deaths world wide.
So here we are in 2009. Kim jong Il, the leader of North Korea, successfully sent a rocket to space, and Obama got so upset, he told him that it wasnt the right thing to do. Wow. North Korea, the biggest supporter of arms and technology to countries like Syria and Iran, has now proven to our enemies that they can do whatever they want to pursue their dreams of obliterating Israel and causing holocaust #2 and the world will most likely do nothing as they head toward that goal.
How about in 2006 when North Korea set off their first low level nuclear bomb. The world did nothing either!
http://en.wikipedia.org/wiki/North_Korea%E2%80%93United_States_relations#2006_nuclear_test
In the 1930s, the Nazis SLOWLY built up their army, in clear violation of their surrender terms from World War 1. They saw that the world did nothing, then built up their Navy, the world did nothing again, then the airforce while the world did nothing other than complain to the toothless League of Nations (the precursor to the even more toothless United Nations).
See the similarities?
How about the little known fact, that in 1935, the Persian muslims wanted to show their solidarity with the Nazis so much that they changed the name of their land from PERSIA to IRAN, which literally means, LAND OF THE ARYANS. Amazing right? Its like a piece of the Nazis are still left over and we are stuck dealing with them.
On 21 March 1935, the ruler of the country, Reza Shah Pahlavi, issued a decree asking foreign delegates to use the term "Iran" in formal correspondence.
Members of the Persian intelligentsia were not happy with this decree, seeing a pro-Nazi motive behind it. After Dr. Hjalmar Schacht, the Nazi Economics minister, commented on the Aryan origin of Persians, Reza Shah's ambassador in Germany encouraged him to issue the above-mentioned decree, asking all foreign delegates to use the word "Iran" as used by Iranians inside the Iran (meaning "Land of the Aryans") instead of "Persia" in formal correspondence.
So the question is, what is next in this era of Nuclear Appeasement?
Do we stand around and do nothing?
In 1994 we almost went to war with North Korea when Kim Il Sung first started this nonsense until we backed off last minute because of the fear of 50,000 American casualties in invading North Korea. So we agreed to give them aid, and what has been accomplished since then? North Korea has been building themselves up even more, supplying Iran and Syria with nuclear technology, and we are standing around, letting this happen!
My grandmother, who is still alive, lived in Berlin in the 20s and 30s. A jew living in Berlin during the 1930s. She says that the world back then never imagined Hitler would go to war with the world or exterminate the jews of Europe. They figured he was just all talk. She goes on to say that Iran is Germany all over again, but with different suits. The world once again does nothing but appease our enemies with concessions (aid to North Korea) and toothless UN sanctions.
War is terrible, but sometimes the cost of nuclear appeasement is even more terrible. Unfortunatley its human nature to do nothing until something happens. Sooner or later, the world is going to have to wake up, or be woken up, its as simple as that. Quoting the leader of Poland "Its either Israel is going to have to attack Iran, or Iran is going to attack Israel, there is no middle ground".
Wednesday, March 4, 2009
It's the Maginot line all over again!
I want you to really quickly click on this link.
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260
Now the thing I want you to notice is that this article is from 10 years ago. It talks about how the Clinton Administration put all of this pressure on the republican congress to pass housing reform in order to make it easier for the banks to approve mortgages. The roots of the mess we are all in today.
I have always blamed both parties. I blamed President Bush and the democratic controlled congress for approving disasterous bail out packages that, for some reason, noone can figure out where the money went. And I blame the Clinton Administration and the republican controlled congress back then for giving banks the power to give mortgages to anyone and anything that happened to be capable of picking up a pen and signing their name. To make a long story short. It is 1990s Japan all over again.
Let's make some analogies. The Maginot line, a supposedly well thought of defensive barrier built by the French before World War 2 was supposed to stop the Germans from invading France. The Germans simply went around it and the Maginot line was useless. The Israelis repeated that same mistake all those years later in थे 1973 वर with the Bar Lev line when the Egyptians simply went around and over the line, consequently making it useless. The Israelis simply failed to learn from past mistakes.
So here we are in 2009, repeating the same economic mistakes Japan made in the 1990s. It is truly incredible. Japan was suffering from a huge contraction in their economy. So in order to fix it, the economists over there decided the government should pump billions into Japan, nationalize a whole bunch of institutions and well.... fast forward to 2009 and they are still suffering. WHY did we not learn from their example???
Why are we giving billions of dollars to companies that screwed up??? Why are we giving billions to CEOs who destroyed their company??
The obvious solution would be to buy up the mortgages, make them into 30 year FHA loans and, yes, MAYBEEEE, we should give money to companies in order to cover their losses, but they should fill some prerequisites first. They should fire the people who screwed up the company instead of giving them bonuses and they should change their business model before getting a dime.
Once upon a time in the late 70s, Lee Iococca, who was in charge of Chrysler, asked the government for a billion dollar loan. There was a great debate about it. They agreed to change their business model, fire some people, and eventually the company got its money and paid the American people back. This is how it shouldve been done all these years later. Instead we are giving pointless amounts of blind dollars to companies that will die eventually.
GM should just declare bankruptcy so that they can renegotiate the union contracts because if they dont, then no matter what happens, they will always be behind the 8ball and die as well because their profits just cannot cover the money they owe to people in the union, whether its to retirees or people who were laid off. The contracts are just too unrealistic and need to be renegotiated, and this can only happen if they declare bankruptcy.
It's time to get some economists who know what they are doing. Its too soon to tell if Obama will be great, but if he keeps repeating the same past mistakes, then I can guarantee we will still be in the same mess 4 years from now, with little chance of a swift recovery.
Monday, February 23, 2009
The Iraq War, similar to another war... NOT The Vietnam War (not even close)
For the past few years I noticed how people in the media, especially the New York Times have this fascination with comparing the Iraq War to the Vietnam War. People are so obsessed with comparing this war to the Vietnam war that they forget to look at the real facts.
There really is no basis for the New York Times' comparisons other than the Iraq War is unpopular to many people. The interesting thing, is that the Iraq war does parallel another war in history. The Philippine–American War.
Interesting right?
- Both wars were almost exactly a hundred years from each other 1902- 1913
- Both wars involved about 130,000 troops.
- Both wars had over four thousand US troops killed.
- Both wars were/are unpopular.
- Both wars were fought against a stubborn insurgency that ended when the population tired of the death and destruction and helped US forces put and end to it once and for all.
- Both wars involved Republican US Presidents.
Another interesting thing to note is that in 1902, the US declared victory over there, only to have to fight the Phillippine insurgents until 1913. All of this sounds familiar right?
Now we all know that the end goals in both wars were different. One goal was to colonize while the other is to stabilize the place and leave. However from a military point of view, they are incredibly similar.
The insurgency in Iraq had a similar strategy that terrorists used against the French in Algeria. A strategy that worked and the French left. A strategy the Philippine insurgency used. It seemed like a sound theory. De-stabilize the whole place and maybe the occupying forces will leave. Fortunately for us, the Iraq insurgents strategy completely backfired and it looks like we are finally on the road to achieving a democratic, stable Iraq and victory. Again, similar to how the US gained the upper hand in defeating the Philippine insurgency.
Interesting how the New York Times refuses to acknowledge these logical comparisions.
