FoxNews, Bloomberg, Others, Seek Court Action On Federal Reserve

FoxNews has joined a coalition of news media organizations filing a lawsuit against the Federal Reserve.  They are filing a freedom of information request to find out where bailout money is going.  This bailout money is not part of the famous $700 billion package debated in Congress recently.  The Federal Reserve has undertaken a $2 TRILLION bailout of its member banks without ANY Congressional approval.  In addition, they refuse to name the recipients of this money, or what they are doing with it.  It seems that if the world knew what was happening, the member banks’ reputations might suffer.

A good summary of what is happening can be found here.

Long Haul Driver

Having just heard some genuine road music I had to make a post about it.  Luke Doucet, a Canadian singer and song-writer  has a tune entitled “Long Haul Driver” that struck a cord with me.  Generally, things Canadian are not very exciting to me, but the re-imagined Battlestar Galactica is filmed there, so it can’t be all bad, can it?  By the way, I have not heard the trucking industry ask for a government bailout yet.

Anyway, today I was listening to Sirius Outlaw Country (one of my favorite presets), and heard this song.  It is simply awesome.  Like many things on Outlaw Country, it is not really country.  More like rock.  But that’s why I like the channel.  They do whatever they want.  Basically, the song is about an OTR driver having to leave his loved one(s) behind to go and do his job.  Few people realize how hard it is to be a long haul driver.  It is long hours, high stress, far away from family and friends; and really, really, bad food.

NPR reviewed the song, if you want to hear what they said, you can listen here.

Trucking is one of the most over-regulated and taxed occupations a person can undertake in our country.  Truckers are among those most likely to be audited by the I.R.S. (It Really Sucks).  In addition, people who don’t appreciate the industry pass ordinances banning truck parking in city neighborhoods.  Yet, these same people who cry foul about trucks in their town, will be among the first to complain when the store is out of an item that is on sale.

A few years ago, the City of Sunnyside was considered for a Wal-Mart Distribution Center.  It was located in Grandview instead.  I am aware of at least one other warehouse operation that the city lost out on, because the operators of the business were doubtful they would get City Council approval for development.  Does our City Council have a bias against businesses that have a large amount of shipping and receiving?  I hope not, because freight shipped by truck is an integral part of agricultural products, manufactured goods, and a whole host of other commodities.

Trucking is a tough business.  At one time, I drove over the road myself.  Some weeks were good, some weeks I was lucky to cover fuel cost, insurance, truck payment, taxes, and other expenses.  The song “Long Haul Driver” touches on the heartache that comes with the job.

I found a video of a live performance of the song on YouTube which can be watched below.  (The White Falcon guitar is huge!)

Judge Napolitano: Presidents Ignoring the Constitution

Yesterday, I posted information about how to learn more about the Constitution.  Today, I am linking to a video where Judge Napolitano discusses how our leaders are ignoring it.  This is not a new problem, as even John Adams, acting as only our second President, did things that were blatantly opposed to the Constitution.  It is up to all of us to educate ourselves about the Constitution, and remind our leaders at all levels of government to follow it.

U.S.I.Q.

And now it’s time for something completely different!  The National Center for Constitutional Studies has an online quiz for history and constitutional issues.  It covers a wide range of topics about government and our founding fathers.  In addition, questions can be geared towards 5th to 12th grade level.  Go ahead, give it a try.  It is almost guaranteed you will learn something while having fun:

Follow this link to test your U.S.I.Q.

Lewis Hamilton…The “Tiger Woods” of Racing

From the Telegraph of London: Lewis Hamilton has written Formula One’s most glorious chapter 

This past Sunday Lewis Hamilton put an astounding finish on this year’s Formula One racing.  I watched in amazement at how he came up through the pack, as it started to rain, and finished high enough to clinch the overall season championship in Brazil.  For folks in the U.K. this must be a momentous event.  As a fan of motor-sports in general, I thought is was great racing!

Lewis Hamilton, Formula One World Champion

Lewis Hamilton, Formula One World Champion

Much is being written about Lewis Hamilton in the world press.  Not only is he the youngest driver to ever win the championship, but he is also the first person of color to win it as well.  Sure, I am a fan of Lewis Hamilton, but should it matter that he is not white?  Is that newsworthy?  Yes it is. 

The racing world is still dominated by white guys.  This is true not only in Formula One, but here in the US in NASCAR as well.  The IRL has broken the gender barrier with more than one driver.  But only Danica Patrick has won a race in that series.  That is a far cry from what Lewis Hamilton just accomplished.

The NHRA has had notable female drivers to win, but I must admit racing on the drag strip does not hold my attention as much.  Monster Jam includes female drivers as well, but they have not had notable success as of yet.

The talent of Lewis Hamilton should always be the main story.  That he is a person of color should be noted with an asterisk.  The motor-sports series in the US should be careful to only place women and persons of color into cars, if they have the talent level to compete.  Otherwise, reckless filling of quotas will damage motor-sports as fans tune out.  This may take some time.  It is not easy to grow a crop of diverse drivers.  However, you never know when an outstanding young person like Lewis Hamilton will emerge.

It is fair to compare Lewis Hamilton to Tiger Woods.  They both have shaken up their respective sports, bringing new interest and fan attention.  They both are making excellent money.  Lewis Hamilton stands to make upwards of 1 billion pounds this year!  At current exhange rates, that is roughly equal to the US National Debt! Just kidding :)  

It is still a lot of money, though.

Congratulations Lewis Hamilton!  Now that you have made your mark, the media can move on and cover your career as it is made on the racetrack, without racial implications.

My Relationship With U.S. News & World Report Comes To An End

This is a sad closing of a chapter in my life.  For approximately the last twenty years, I have been a subscriber and regular reader of U.S. News & World Report.  My history reading the magazine dates back to the 1980s.  Ronald Reagan was President, and I was just getting interested in politics and current events.  My grandfather was a subscriber to U.S. News and through him, I was introduced to the publication.

My grandfather purchased a student subscription for me while I was still in grade school, and I have maintained a subscription to the magazine ever since.  About 10 years ago, my grandfather passed away, and I have missed him since.  Through reading the magazine, I fondly look back on times when he and I would have conversations about hot topics of the day.  Back then it was Republican vs. Democrat priorities on spending, deficits, and defense issues that we discussed most often.  Although times and details have changed, the main issues are still the main issues.

During the last year, the magazine has stopped publishing on a weekly basis, opting instead to publish every two weeks instead.  This has annoyed me, because I purchased a three year subscription, and feel a bit ripped off about not getting the number of issues I thought I would get.  As luck would have it, this is the final year of my subscription.  I have been getting renewal notices in the mail, but have not renewed yet.  After reading what is taking place at the magazine now, I will not be renewing my subscription.

Following the lead of the Christian Science Monitor, U.S. News will cease publication of its magazine as we know it.  Instead, they will focus on their website.  The paper edition will not disappear entirely.  The company intends to issue a paper publication once a month, with an emphasis not on news, but on consumer issues.  You probably have seen their rankings of best colleges, hospitals, etc.  This is the only information that will continue to get published in their magazine format.

Technology and news information dissemination has changed a great deal from the days of my youth.  (I am an ancient 33 years old.)  In my younger days, (listen up whipper-snappers!), we had only 3 major networks for news.  4 if you count CBS.  Newspapers had more than just the AP for their newswires to choose from.  There was no internet, a fax machine was an exotic new machine only businesses could afford, and cell phones were something you saw on “Lifestyles of the Rich and Famous”.  A brand new format came to A.M. radio, with some guy named Rush Limbaugh starting to upset the establishment media.  At this time, less than 5% of Americans had even heard of him.  Popular sizes for satellite dishes were 8 feet across, or if you wanted something more compact: 6 feet across.  My family could afford neither.  Although, we did have 27 channels on our cable system.  There was no remote control, you had to turn a dial on the cable box!

Not only do we now have multiple cable news networks, we have numerous internet websites putting out news as well.  Wireless laptops and phones can access this information at any time, day or night.  In this climate, U.S. News has decided to go electronic.  While I can not blame them for making this decision, it still saddens me.  A regular link to my past with my grandfather is being severed.

See this article for more information: U.S. News & World Report to focus on Web

Inflation Forces Changes To McDonald’s Menu

McDonald’s is having to deal with increasing commodity prices, which are reducing profits from its dollar menu.  Nationwide, the Double Cheeseburger is the best selling sandwich for McDonald’s, with most franchises offering it for $1.00.  Here in Yakima County the cost is higher, but then again, so is the minimum wage.

Franchises are close to voting to increase the price of a double cheeseburger to $1.19.  A new sandwich, called the McDouble is being proposed, which would have only 1 slice of cheese.  The new sandwich is intended to be available on the dollar menu.

The weakening dollar is forcing changes to products and prices charged in many products outside of McDonald’s.  Anyone paying attention to the cost of groceries can attest to that.  Unfortunately, Congress is now considering a new $500 billion stimulus package.  The last stimulus package, and recent bailouts have not fixed the economy, so they think the problem can be addressed by even more spending.  Even after giving billions to battered AIG, the company may still go bankrupt if Congress does not spend more to prop it up.

It’s time to take our medicine, swallow the bitter pill, and transition to a stable currency based on a gold standard.  This dramatic change could not be done overnight, but would need to be planned in detail.  If you really want “change”, support pro-liberty candidates that share this vision of limited government whenever you can.

For reference, see the Chicago Tribune article: McDonald’s nearly set to swap double burger

Election Over…Media Hypes “Historic Nature”

The election is finally over, and we have a winner.  He is starting work on filling advisory positions to help him transition to office in January.  His supporters are naturally thrilled, his opponents more reserved about it.  This is the way it goes in American politics.

I am glad to live in a country where a black man can become President.  It speaks well of our representative form of government that this can happen.  Most Americans would probably agree.  It is getting a little bit annoying that the media is constantly bringing up race, however.  Even the local Yakima Herald felt obligated to go out and get a picture of a black person who was supporting Obama to run in its paper.  This illustrates some of the disconnect between the media elites and the American people.  Very few people I know would have cast a vote because a black man was on the ticket.  Nor would they vote for a candidate just because they had a woman on the ticket.  The American people, to their credit, look at more than just race and gender when making decisions such as this.

The fact that Obama is black is not totally irrelevant, but should be mentioned as a footnote when all is said and done.  Now that he has won, hopefully the media can move on to cover the issues that Americans are more concerned about.  After all, the number one issue in exit polling was the economy, not race or gender.

This type of coverage is not limited to politics, later this week I will post about some events taking place in the world of motor-sports; and how the media is covering that as well.  Stay tuned….

Lawyers…Not Lawyers

Gant Apologizes, Offers To Resign

In the October 31st issue of the Daily Sun News, Council Member Bill Gant wrote an Open Letter to the Community of Sunnyside.  In it, he apologized for recent remarks that upset many in the community.  He even went so far as to offer to resign.

An apology in this situation is appropriate, and as far as I am concerned accepted.  Resignation is not called for.  Mr. Gant is only guilty of running his mouth too much, making an off the cuff remark without thinking things through.  This is not the kind of thing that warrants resignation of public officials.  It’s not like a crime was committed here.

I disagree with Mr. Gant about needing to give employees raises when the budget is not yet balanced.  Keep your eye on the ball, please.  It sure is a nice Christmas present for the city’s employees, but it’s not your money, Mr. Gant.  It belongs to the “citizens”.  It is frustrating to deal with limited resources.  It is a hard economy for most folks in the community to deal with, not just those on the government payroll.

Here is what I suggest you do to get deserving employees a raise:  Get a copy of the City Budget and personally analyze it.  Identify areas that can be cut, or expenses that can be reduced.  Look for places where revenue collection is falling behind, and try to  make up some of the funds.  (I understand there are considerable unpaid fines, for example.)  After conducting this review of the budget, you can then determine how much money is available for a pay increase.  Using a methodology such as this, you can stay within the budget the City has planned for.  Once you are convinced you have a solid plan, you can encourage your fellow Council Members to get behind it.

The “citizens” expect Council Members to do their homework, not just approve expenditures because people or projects are “deserving”.  If you are concerned about losing employees, let them leave.  There is a reason they call it Civil Service.  Service being the key word.

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