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Montebello
E-News
A
restful and reflective holiday, everyone.
December
25, 2008
Education
is the ability to listen to almost anything
without losing
your temper or your self-confidence.
Robert
Frost, 1874 – 1963,
was
an American poet. He is highly regarded for his realistic depictions of
rural life and his command of American colloquial speech. His
work frequently employed themes from the early 1900s rural life in
New England
, using the setting to examine complex social and philosophical themes. A
popular and often-quoted poet, Frost was honored frequently during his
lifetime, receiving four Pulitzer Prizes for Poetry. …
1.
Who’s in Charge?
2.
Are We Going to Lose This One?,
Part 8
3.
Announcement
4.
Unusual Fact about Teen Pregnancies
5.
The Flashback Quarterback: Trust
the Oil Companies?
6.
Be Aware and Share: We Need a
Quarterback
7.
About
Montebello E-News and “My
Montebello”
Who’s
in Charge?
You
have to see these figures. Then
try to have a happy holiday.
2008
Bailout Costs As Much As Several Large and Famous Government Projects
Combined
via
Consumerist by Ben Popken on 12/3/08
...Marshall
Plan, Louisiana Purchase, the Moonshot, S&L Crisis, Korean War, and even
The New Deal, which has been derided by some as being like the most
expensive socialist thing ever, can't hold a candle to the payouts from the
attempts to fix the current economic crisis. Take NASA. As Meg pointed out
to me over IM, there's never been any fun beach excursions provided by NASA.
The same, however, cannot be said for the current bailout, especially if
your name begins with an A, ends with a G, and there's an I in there.
Marshall
Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
Louisiana
Purchase
: Cost: $15 million, Inflation Adjusted Cost: $217 billion
Race
to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
S&L
Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
Korean
War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
The
New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
Invasion
of
Iraq
: Cost: $551b, Inflation Adjusted Cost: $597 billion
Vietnam
War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
NASA:
Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL:
$3,920,000,000,000 [Emphasis by E-News.]
2008
BAILOUT TOTAL AS OF NOV 2008: $4,616,000,000,000.
[Emphasis by E-News.]
[...Voltage
Blog based on a BoingBoing post which was based on data crunched by Jim
Bianco of Bianco Research]
If
you answer the multiple-choice questions below and e-mail to lessonanswers@mymontebello.com
with “Lesson answers” in the subject field, you will be credited toward
a “certificate of recognition in community affairs” to be awarded in
2008 by a local nonprofit organization.
1. Why is this
comparison useful?
(a) To put the current
bailout in perspective.
(b) To show the severity
of the problem which the bailout is trying to remedy.
2. What is a key missing
ingredient?
(a) Increased oversight,
public oversight, before, during, and after, so that such a problem not
repeat and the solution not be misused.
(How is the bailout money being misused?)
(b) A public trial of
the decision-makers who led us into this crisis.
Are
We Going to Lose This One?, Part 8
Libertarian
ideologues and moneygrubbers stand aside. Make room for the people.
Statement
of August 19, 2008, by Don McCanne,
retired
physician and an advocate on behalf of Physicians for a National Health
Program, an organization of fourteen thousand American physicians advocating
for single-payer national health insurance.
Let us end this essay on
an optimistic note. Do you share
the writer’s optimism?
Andy:
“As an über-blogger, Seth
Godin gets a special hyperbole permit not available to the rest of us. But
I totally agree. We are exiting the consumption era, where people defined
themselves by what they consumed (and took whatever job would pay for it)
and entering the era of culture making, where people define themselves by
what they contribute to the world. And, by the way, we don't have to
"imagine" what would happen if 5,000 investment bankers were to
put their talents to doing something else . . . the long-overdue Great
Deleveraging will ensure that happens. Not without pain, to be sure, but
I, like Seth, am hopeful.”
Perhaps
we’re on the verge at getting much better at making useful things,
spreading ideas that matter and helping people, and not quite so good at
leveraging capital for financial institutions. Imagine what would happen if
5,000 investment bankers or 500 M & A lawyers put their talents to work
doing something else…
As
I look through all the notes and applications I received for the program
I’m running next year, I’m not just optimistic. I’m thrilled. There
must be hundreds of thousands of movers and shakers out there, people of all
ages who are smart and get things done. And more and more, they’re being
motivated by the quest, or the outcome, or the people they work with, not
just the cash payout. It’s exciting beyond words. The ten people I’ve
chosen are just astonishing, each and every one of them.
If
you can’t find people like these, you’re not looking in the right
places. And if you can’t figure out how to work with them, you’re
missing out.
http://www.culture-making.com/post/not_just_optimistic/
Announcement
FOR EVERYONE. Why
Have We Not Thought of That? From
http://www.culture-making.com/post/wallpaper/.
Nate:
“Graffiti (whether the restroom kind or others) sits on this weird
junction between creation and vandalism, between anonymity and community. In
this particular case, something undertaken primarily to reduce business
expenses wound up making a space not just for alternative cultural
expression, but for better—and self-improving—forms of community:
"the clerk also told me that the men had cleaned up their language
quite a bit in five years. The tone of their scribbles had changed from
gross and inappropriate to polite and sincere."”
During
a long road trip between
California
and
Missouri
, I stumbled on a gas station on Interstate 40 in
Adrian
,
Texas
, that had come up with an ingenious way of protecting the walls of their
restrooms. In an effort to reduce the number of times the restrooms needed
to be painted, someone came up with the idea to tape sheets of butcher block
paper to the walls. The sheets were inside every stall and on the walls in
both the men and women’s restrooms. On the top of each piece of torn white
paper was written “Please tell us about your trip”. What followed on
every sheet were stories about why people were traveling across the country.
Some stories were sad, some were happy, some were angry. The whole gamut of
emotions was posted on these sheets. (I wish I had a picture.)
The
amazing thing was that the real white walls of the restroom were not defaced
in any manner, not one piece of graffiti.
After asking at the checkout who came up with the idea, the clerk
told me that, to clean up graffiti, the owners had been stuck with a
painting the walls of the restrooms twice a year. Since they had put the
butcher block paper up five years ago, they had never painted the restrooms.
Yet they remained clean and sparkling white. Obviously, the
management nudged the public for everyone’s benefit.
Unusual
Fact about Teen Pregnancies
Dollar
a day. Teenage pregnancy is a serious problem, and girls who have one child,
at, say, 18, often become pregnant again within a year or two. Several
cities, including Greensboro,
North Carolina, have experimented with a
“dollar-a-day” program, by which teenage
girls with a baby receive a dollar for each day that they are not pregnant.
Thus far the results have been extremely promising. A dollar a day is a
trivial amount to the city, even for a year or two, so the plan’s total
cost is extremely low, but the small recurring payment is just enough to
encourage some teenage mothers to take steps to avoid getting pregnant
again. And because taxpayers end up paying a significant amount for many
children born to teenagers, the costs appear to be far less than the
benefits. Many people are touting “dollar a day” as a model program.
http://www.goodmagazine.com/section/Provocations/
tricking_people_into_doing_the_right_thing
The
Flashback Quarterback: Trust
the Oil Companies?
Veco executives plead guilty to bribing officials
by
Richard Mauer and Lisa Demer
Anchorage
Daily News
published May 7, 2007
Bill Allen, a welder who took the Veco Corp. from a
small Kenai oil-field company to a billion-dollar international contractor
and a major political force, pleaded guilty Monday to bribing at least four
Alaska
legislators, including former Senate President Ben Stevens.
In a plea bargain with the U.S.
Justice Department’s
Public Integrity Section, Allen and Rick Smith, Veco’s vice president for
community and government affairs, each pleaded guilty to three identical
felony charges - bribery and two counts of conspiracy.
Both men accepted responsibility for making more than
$400,000 in illegal payments and benefits to public officials or their
families. More than half the money went to Stevens in the form of phony
“consulting” fees, the government charged.
Stevens, son of U.S. Sen. Ted Stevens, has not been
charged. He was named in the plea documents as “State Senator B,” but
his identity was unmistakable. …
http://dwb.adn.com/news/politics/fbi/story/8863305p-8765669c.html
Be
Aware and Share: We Need a
Quarterback
We
have been told repeatedly what to do, but we do not do it.
What will you do after reading the excerpt below?
I will forget, frankly.
So
where lies a solution to ensure that we do what is prudent?
... Fire officials
recommend that, following a major earthquake, people be prepared to be
without emergency services for up to seventy-two hours.
During that time, a correctly assembled emergency kit will provide
adequate supplies of water, food, light, medication, batteries, money, a
fire extinguisher and tools. ...
“Surviving
the Shaking Is Only the Beginning”,
Montebello Comet, July 31, 2008
About
Montebello E-News and “My Montebello”
To
learn about this newsletter, Montebello E-News, and the accompanying,
growing Web site, “My Montebello”, visit www.mymontebello.com.
Also, you will find instructions and contact information for
submitting announcements for publication in this newsletter, and for
submitting stories to “Montebello Memories” at the Web site.
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