Archive for the Society Category

Talk About Housing (January 21, 2008)

Posted in Housing, Perjury, Society on January 21, 2008 by e-commentary.org

“It’s a no-brainer.  You can’t miss.  You don’t need a job and you don’t need any income.  Okay, so you already have two strikes going against you, but they really don’t care.  Just lie and tell them you are unemployed with no income.  Buy and ride it up and then sell.  You don’t even have to paint the place.”

“You have to heat it.”

“You can get one place and flip it and then get another one and flip it.”

“It will flop.  And you must insure it.  In my book, insurance is necessary but not productive.”

“Everyone’s doin’ in.  It can’t fail.”

“And more taxes.  They give you enticing tax breaks to acquire a bigger palace that is then subject to higher taxes.  My digs are already too big.”

“I shared one bathroom with three others and now I have four to myself.  I can shower in three different showers.  One is a steam bath.  Now, that’s livin’.”

“And buy more furniture.”

“I can sleep in one of five bedrooms.  I had to share a room with my brother.”

“Prices will collapse by 2006, 2007 at the latest.”

“No way.  This is America.”

“They take the bait and call in.  They are already hooked.  Operators standing by to assist you.  No one stands by to assist you.  I sold some old lady in Florida, some seventy-something widow, a loan for $44,000 on a property she owned free and clear.  She had enough income to cover her expenses, but I told her she needed more and told her she knew it because she called the number.  She can cover the early payments, and I’ll be gone before she realizes what hit her.”

“Seems sporting.”

“It was her decision.”

”Seems that someone in her seventies doesn’t always make sound decisions.”

“Look, this is America.  The land of the free.  The home of the brave.  Apple pie.  All that stuff.  She is free to make her own decisions.  And anyway, she’s old, she can eat dog food.”

Bumper sticker of the week:

Let Them Eat Dog Food

Looking Back and Ahead (December 31, 2007)

Posted in Economics, Law, Politics, Society on December 31, 2007 by e-commentary.org

The Mortgage Meltdown continues unabated.  Someone should collect a chronological list of the statements of the economists and businessmen in 2007 who predicted that the Mortgage Meltdown was “no big deal.”

The political pundits have voted.  ________________ is the Republican nominee. ________________ is the Democratic nominee.  No doubt about it, they proclaim.  Someone should collect a chronological list of the prognosticators’ predictions in 2007 and those yet to be made in 2008.  What do the tenth-graders say:  Faze the Nation; Beat the Press; Almost Broadcasting Company; Faux News; Useless News and World Distort; The Compost, etc.; those crazy kids.

The Neo-Confidence Men (“Neo-Cons” in ordinary parlance) have once again declared “Mission Accomplished” in Iraq.  The pundits seem to be bamboozled again.  More Americans died in Iraq in 2007 than in any other year.  World War III continues unabated.  The escalation surge has not advanced any fundamental interests.  The cauldron in Iraq and the Middle East continues to roil and boil and percolate.  Afghanistan and Pakistan and ________stan are roiling and boiling and percolating.

Someone observed that “’experience’ is simply the name we give to our mistakes.”  Now may be the time to call our recent experiences mistakes.

The sports pages are laced with steroids and punctuated with asterisks.  Turn off the tv and go biking, hiking, running, living.  The writing in the sports pages is still worth reading.

Global climate change/warming is heating up and is the subject of ordinary conversation.  Embryonic stem cells may now be available without controversy.

Resolution for 2008.  The Republic needs every citizen to commit to a private sector health care initiative.  Eat less; exercise more.  Exercise your mouth less and your feet more.  At least in January.

Prediction for 2008.  An ugly, vicious, amusing and expensive political campaign.  Something big will happen abroad (Iraq, Iran, Afghanistan, Pakistan, ________stan, Yemen, etc.) in Aug. – Oct. and all bets will be off.  Or what is happening at home in the economy will finally become clear to the electorate and command attention.

And Anna Nichole Smith, RIP.

Bumper stickers of the year:

If all economists were laid end to end, they would not reach a conclusion.  GBS

If all political pundits were laid end to end, they would not reach a clue.

If all climatologists were laid end to end, they would ___ would not ___ reach a consensus.

Experience is simply the name we give to our mistakes.  Oscar Wilde

Pax (December 24, 2007)

Posted in Health Care, Society on December 24, 2007 by e-commentary.org

Pax

Bumper sticker of the week:

Why was Jesus born in a manger?  Because Joseph and Mary were enrolled in an HMO.

On Respect, Fear, Admiration and Irreverence (December 17, 2007)

Posted in Society on December 17, 2007 by e-commentary.org

Respect (R) is a mix of Fear (Fe or F) and of Admiration (Au or A).  Marine Corps Drill Instructor:  R=Fe8Au1.  Minister:  R=Fe4Au4.  Den Mother:  R=Fe1Au8.  When the A evaporates, however, the residue is F.  The F is often sedated by adopting a detached and irreverent world view.  The F is often sedated with sedatives.  When Admiration for society’s institutions and individuals disappears, Irreverence emerges as a defense mechanism.  Irreverence is a manifestation of alienation (for those under 25 years old) and disconnection (for those over 25 years young) and a defense mechanism.  The populace is becoming more alienated and disconnected from American institutions and individuals. [See the e-ssay dated August 28, 2006 entitled “The Residue of Unrelenting Fear:  PTSD Afflicts The Populace”].  And no one seems to know or to care.

[With a nod to Montaigne’s work Essais.]

Bumper sticker of the week:

I could care.

The Life of Today’s CHO (December 3, 2007)

Posted in Chief Household Officer, Society on December 3, 2007 by e-commentary.org

The life of a CHO, the Chief Household Officer.  There Are CEOs (Chief Executive Officers) and CFOs (Chief Financial Officers) and COOs (Chief Operating Officers) and their ilk.  A CHO was called Mr. Mom in the distant past.  With more Ms. CEOs, there are more Mr. CHOs.  Kinder, Kuchen, Kirche (Children, Kitchen, Church) were the domains and province of women.  Now she brings home the bacon and he cooks it, or not if they have reservations about pork or meat; turkey bacon or tofu bacon works.  He shows and tells Francis Bacon to the kinder.  She brings home the bread and he converts it into PBJs (peanut butter and jelly), the official sandwich of the Republic.  The moment of great anxiety arrives when one of the youngsters, dressed in his (or her) Sunday-go-to-church clothes, falls on the kitchen floor, scrapes a knee, and calls out for . . . . . . . . dad.  The great obstacle to the new chief, of course, is the inherent nature of the male of the species.  As we all know, adult males are frightened, insecure, desperate little boys in bigger bodies.  Some point to the emerging research correlating the Y chromosome with stupidity and other callow behavior.  However, some males have the rare Y cum serifs chromosome.  Today’s CHO is able to rise above his gender.

Bumper sticker of the week:

What until your mother gets home

Women in China (November 26, 2007)

Posted in China, Society on November 26, 2007 by e-commentary.org

To control its population explosion, China imposed a limit of one child per family.    Many families opted to have a son rather than a daughter.  Some estimate that there are four women for every five men in China today and similar disparities in India, Vietnam and Nepal.  The typical ratio in other countries of 105 males to 100 females has been distorted.  In a few reported cases in America, by contrast, the acquisition of more kids, boys or girls, as durable goods provides another symbol/symptom of status.  [See the e-ssay dated Aug. 6 entitled “Kids As Consumer Durables”].

What seemed rational for some individual parents was not rational or desirable for society.  The government promoted what Nature provides in abundance—a scarcity of resources.  There are more males who are and will be unable to marry in these countries that value the family and family values.  There are many very real negative consequences including possible violence against women and social and economic tensions.  However, women are more marketable which could have unexpected consequences.  Although in a minority, women may have leverage.  Women may be able to compel the boys to clean up their acts.  The environmental pollution in China is now estimated to cover an area the size of … well … China.  Women may even compel the country to clean up its act.

Bumper sticker of the week:

A Century of Women on Top

Vet’s Day; Slavery And Due Process (November 12, 2007)

Posted in Civil Rights/Civil Liberties, Due Process, Law, Military, Philosophy, Society on November 12, 2007 by e-commentary.org

Men naturally seek to enslave other men.  Men do not naturally seek to provide other men with “due process.”  Due process requires 1) notice of a proceeding impacting a person’s life, liberty or property, and 2) an opportunity to be heard in good faith by a neutral decision maker applying known and settled rules.  “Due process” also suggests the “rule or law” or even “fundamental fairness.”  However, it is easier for a hippopotamus to ride a unicycle than it is for a man to give another man something as unnatural as the process he is due.

Governments are instituted among men (and women), among other reasons, to disincline them from doing what is natural (enslave others) and to incline them to do what is unnatural (respect due process).  The growing pains of the Republic were painful; the Founders did more to promote slavery than to enshrine due process.  Yet they made a path-breaking start in the promising direction. Democracy is not easy.  Democracy emerges slowly.  The country grew.

Protecting against our worst impulses and advancing our noble ones requires a sword and a plow share.  These efforts are undertaken under different names, banners and gonfalons.  One of them reads “Duty, Honor and Country” and another “Semper Fi,” among others.  Many Americans have died protecting what many do not understand and too many take for granted.

Bumper stickers of the week:

All gave some, some gave all

Not to promote war, but to preserve peace

The Times They Are A-Changed (November 5, 2007)

Posted in Society on November 5, 2007 by e-commentary.org

“I don’t want to be Bob Dylan,” the line by the Counting Crows does not go.  Robert Zimmerman d/b/a Bob Dylan is now hawking Cadillacs.  Not just any Cadillac, but the Escalade that gets something like two gallons per mile.  There is a time and a place for a large vehicle, yet they are primarily used today as domestic tanks patrolling the ‘burbs.  If Bob were hawking a “new and improved” red (not pink) 1959 Caddy convertible with airbags and 45 highway/40 city, let it be.  A little voice inside my head said don’t look back, you can never look back.

Bumper stickers of the week (on a Cadillac):

Deadhead

He not busy being born is busy dying.

Greed on Steroids (October 22, 2007)

Posted in Bankruptcy, Economics, Society on October 22, 2007 by e-commentary.org

One score years ago, Greed was just good.  Now Greed is God.  God is Greed.  Those who embrace one seem to embrace the other.  Greed is now on steroids.

In theory, Chapter 11 of the Bankruptcy Code addressing business reorganization exists because of an assumption that a “going concern” business is synergistic and provides positive public externalities such as steady jobs, established customer networks, etc.  In other words, the business provides some value beyond the price of the individual assets.  Liquidating the business rather than rehabilitating it, the argument goes, expunges the possible public benefits.  In practice, however, Chapter 11 often is like a second marriage, the triumph of hope over experience.

Today, the hedge fund managers and private equity boys pursue an opposite tack.  They take a going concern, sell the assets and vaporize the “going concern” value.  They finance the disintegration with OPM (Other People’s Money) and pay reduced taxes for their assault on the public weal.  Instead of an “invisible hand” promoting the common weal, we are allowing others to cut off our hands.

America now rewards the destruction rather than the creation of wealth.  Once upon a time, risk was the handmaiden of reward.  Envy–the desire for something that someone else has–can be a positive incentive particularly if the owner of the coveted item seeks something owned by someone else.  Markets develop.  In a properly functioning capitalist system, an individual presses his nose against a showroom window and then goes out and puts the same nose to the grindstone to acquire the wherewithal to acquire the good.  However, those accumulating money today are not taking any personal risk or making a sacrifice, although their actions risk the stability of a precarious Economy.

In a short time, the hedge fund managers and private equity boys also have managed a non-hostile takeover of both the Democratic and Republican Parties with little resistance.  They own C. Schumer and H. Reid and H. Clinton.  No one is protecting the public.  The SEC (Securities and Exchange Commission) is now a wholly-owned subsidiary of the NYSE (New York Stock Exchange).

Bumper sticker of the week:

Feed The Homeless To The Hungry

Potemkin Estates, Parvenu Palaces (September 10, 2007)

Posted in Architecture, Housing, Society on September 10, 2007 by e-commentary.org

The drive to impress in America is driving us to buy more expensive rides and bigger homes.  Architecture is about scale and proportion, among other considerations.  Bigger is not better; bigger is usually garish and gaudy and not better.  Pumping steroids into a house plan is counterproductive.  Some Americans commission monstrous McMansions and only finish enough rooms to obtain a certificate of occupancy.  Potemkin Estates.  Parvenu Palaces.  “Staging a home” before a sale is undertaken to make the house look like a movie set and presumably more appealing to prospective buyers.  However, the staging is now done at an earlier stage.  Talk to a furniture deliver person.  Some individuals finish a room, furnish it with tony furniture and cordon it off from use.  The thinking is that the house will look more comely when it is put on the market for sale at a later stage.  The house today has lost its essential purpose.  The bigger houses in particular have no heart and no soul; they are somber museums, monuments, mausoleums.Bumper sticker of the week:

Only you can prevent narcissism

Consume Inconspicuously