Firenze Sage: Uncle Occupy [Wall Street] needs you …

OWS cooks protest saying only brown rice for next 3 days
OWS cooks protest saying only brown rice for next 3 days

The Occupy Wall Street New York volunteer kitchen staff launched a “counter” revolution yesterday — because they’re angry about working 18-hour days to provide food for “professional homeless” people and ex-cons masquerading as protesters.

For three days beginning tomorrow, the cooks will serve only brown rice and other spartan grub instead of the usual menu of organic chicken and vegetables, spaghetti bolognese, and roasted beet and sheep’s-milk-cheese salad.

Organizers of Occupy Portland say they fear as much as $20,000 donated to the group through a PayPal account has disappeared.

They also say the group’s finance committee has hijacked the demonstration’s Internet domain name and filed for incorporation against the wishes of the group’s decision-making body.

And in Oakland…. Tuesday’s removal of the OWS camp saw mass arrests but was largely peaceful. A downtown march later in the day, however, turned into a protracted street confrontation between protesters and police officers from more than a dozen agencies who set off tear gas and used shotguns to fire projectiles designed to inflict pain but not cause serious injury.

Police said they had to protect themselves from protesters who hurled rocks, bottles and paint.
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A day in the life of the righteous.

FirenzeSage48@gmail.com

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Aptos Psychologist: More uncertainty as Obama continues Clinton’s low & no doc lending practices

More Uncertainty as Obama Continues Clinton's Low & No Document Mortgage Lending Practices
More uncertainty as Obama continues Clinton's low & no documents mortgage lending practices

Obama supports efforts to sue originators for robo-signing violations. The double whammy: Do what I tell you to do and when you do I will sue you to boot.

What Clinton started Obama continues — government mandate that Fannie and Freddie lend to people with little or no documentation. Hence the housing mess continues.

The Clinton administration required Fannie Mae and Freddie Mac to lend to low income, minority borrowers. In early 2004 senior management of Fannie and Freddie realized that the only way to meet Clinton political mandates was to massively cut underwriting standards. Which they did.

Per “The Failure of Models that Predict Failure by Rajan, Seru Viz, more than half of the mortgage losses reflected the predictable consequences of low-doc and no-doc lending.

If the under-writing standards at Fannie and Freddie circa 2003 had remained in place, nothing like the magnitude of the sub prime crises would have occurred. Taxpayer losses at Fannie and Freddie alone may exceed $300 BILLION.

Obama has perpetuated the low underwriting standards that gave us the crises. Obama encourages the postponement of foreclosures by lending support to various states’ efforts to sue originators for robo-signing violations.

Now Obama wants to sue the originatiors who fulfilled the politically motivated demands of the goernment-sponsored agencies that drove the morgage crisis.

For more, read The Mortgage Crisis: Some Inside Views in The Wall Street Journal, by Charles W. Calommiris, October 27, 2011.

DrCameronJackson@gmail.com

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Firenze Sage: deju vu all over again [small collective Comfort Works complains re OWS paperwork]

Occupy Wall Street (OWS)  small collective complains  about  OWS paperwork to replace drums
Occupy Wall Street (OWS) small collective Comfort Working Group complains about OWS paperwork to replace drums

Occupy Wall Street’s Finance Committee has nearly $500,000 in the bank, and donations continue to pour in — but its reluctance to share the wealth with other protesters is fraying tempers.

Some drummers — incensed they got no money to replace or safeguard their drums after a midnight vandal destroyed their instruments Wednesday — are threatening to splinter off.

“ We need to know how much money we really have and where it’s going,” said a frustrated Bryan Smith, 45, who joined OWS in Lower Manhattan nearly three weeks ago from Los Angeles, where he works in TV production.

Smith is a member of the Comfort Working Group — one of about 30 small collectives that have sprung up within OWS.

“The other day, I took in $2,000. I kept $650 for my group, and gave the rest to Finance. Then I went to them with a request — so many people need things, and they should not be going without basic comfort items — and I was told to fill out paperwork. Paperwork! Are they the government now?” Smith fumed, even as he cajoled the passing crowd for more cash.
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Well now we have the 1% of the 1%. Oh joy!!
FirenzeSage48@gmail.com

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Firenze Sage: the demise of Starbucks [as chocolate & coffee disappear]

When coffee & chocolate disappear due to climate change...
When coffee and chocolate disapear due to climate change...

Coffee and chocolate disappear due to global warming.

That’s the message from Starubuck’s “Director of Sustainability.” CBS News:

“Coffee likes a pretty narrow range of temperatures, and one of the hallmarks, really, of climate change will be increased extremes in temperatures,” Todd Sanford, a climate scientist from the Union of Concerned Scientists, said.
“Those of us who enjoy our morning cup of coffee, we may not always realize that future climate change due to extreme temperatures, increased precipitation, really could in some ways put that at risk,” Sanford added.
So for coffee lovers, the idea of waking up without their morning brew could be a wake-up call to lead a more eco-friendly life.
This is the second time in less than a month that scientists have warned that climate change threatens a favorite food item. A few weeks ago, we were told it will be too hot by the year 2050 to grow cocoa beans in much of the Ivory Coast and Ghana, the world’s main cocoa-producing countries.
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Well vodka distills well in cold weather so it’s a fair trade.

FirenzeSage48@gmail.com

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Aptos psychologist: Buffett & Obama have it wrong…tax relief needed for job creation

Tax relief for 300,000 small business owners
Tax relief for 300,000 small business owners

Buffett changes his tune. Buffett now argues that because “the favored 400” highest income Americans only paid a 21.4% tax rate therefore everyone making over ONE million should pay higher taxes. Buffett wants what happens to 400 to apply to 391,000 persons.

The economy’s main job creators are precisely those that earned more than $1 million. Of the 391,000 taxpayers who reported income exceeding $1 million more than 300,000 (roughly 74%) of them met the Treasury Department’s definition of business owners.

What can the government do?

Get out of the way. Reduce regulations.Put all regulations by the EPA since 2008 on hold until the government can prove that the cost is worth the benefit. And let interest rates flucuate. Cheap money causes everyone to sit on cash. There is no “skin” for banks to loan to other banks or to small businesses.

America needs a reversal form the policies of Obama and Harvard type thinkers who have never managed a business or met a payroll.

DrCameronJackson@gmail.com

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