Gloria Ferris

one woman’s view from a place by the zoo in the city

Archive for September 6th, 2009

bureaucratic bunglers at our Cleveland-area RTA propose once-a-week bus service to replace community circulators; the commentary is predictable, and delicious

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There’s a good thread running here after the PD article, in the comments. Reader-riders are saying what they would like to see, and as those of us who serve the public know, the consumer-customer is always right. It is nearly impossible to get this basic precept through the thick skulls of the bureaucrats who continue to make such a mess of a decent public-transit infrastructure.

Once a week. Incredible. Nearly unbelievable.

Let’s do a little soul-searching, on the way to providing people in northeast Ohio public transit the same way and for the same reasons we provide public education:

"…the moral test of government is how that government treats those who are in the dawn of life, the children; those who are in the twilight of life, the elderly; those who are in the shadows of life; the sick, the needy and the handicapped. " ~ Last Speech of Hubert H. Humphrey

"A nation’s greatness is measured by how it treats its weakest members." ~ Mahatma Ghandi

"Any society, any nation, is judged on the basis of how it treats its weakest members — the last, the least, the littlest."
~Cardinal Roger Mahony, In a 1998 letter, Creating a Culture of Life

RTA proposes once-a-week bus service to replace community circulators – cleveland.com

Written by Gloria Ferris

September 6th, 2009 at 9:21 pm

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‘Life settlements’ could be Wall Street’s next act

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And, when the government intervenes into healthcare and rations care, the Goldman Sachs index becomes more predictable; the shorter the holding period, the more profitable the instrument becomes because cash appears and premium costs cease.

These people at Goldman Sachs and in our government  have drained the equity from the real-estate markets, and now they’re trying to suck the profits from the legal reserve system, as their federal reserve system is bankrupt and on life support itself.

They are probably truly evil. See http://www.goldmansachs666.com/ for Mike Morgan’s take on Goldman Sachs and their cohort.

With $26 trillion of life insurance policies in force in the U.S., the market for these "life settlements" bonds could be immense, the Times said.

Investment banks stand to profit from the creation, sale and trading of the bonds.

Wall Street has been searching for a product to replace the once-lucrative mortgage business, and life settlements policies are being seen as the answer, the Times said.

The article cited industry predictions that the market for the bonds could reach $500 billion. It noted that Credit Suisse Group (CS 49.97, +1.11, +2.27%) , for example, bought a firm that originates life settlements and has dedicated efforts to structuring deals and selling the bonds.

In addition, Goldman Sachs Group Inc. (GS 162.97, +1.31, +0.81%) has developed a tradable index of life settlements, allowing investors to bet on whether people will live longer than expected or die sooner than planned, the Times said, adding that spokesmen for Credit Suisse and Goldman Sachs declined to comment.

The report said that investment banks are following the model used with the packaging of subprime mortgages, which were supposed to be high-quality and less risky, but proved otherwise.

‘Life settlements’ could be Wall Street’s next act – MarketWatch

Written by Gloria Ferris

September 6th, 2009 at 9:20 pm

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news from eastern Tennessee: Lawmakers Allow Guns In Bars

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Tonight, we found out the following from a northeast Ohio transplant, a retired lady visiting from Franklin, TN:

NASHVILLE, Tenn. — Handguns will soon be allowed in bars and restaurants in Tennessee under a new law passed by state legislators who voted to override the governor’s veto.

The legislation that takes effect July 14 retains an existing ban on consuming alcohol while carrying a handgun, and restaurant owners can still opt to ban weapons from their establishments.

Thirty-seven other states have similar laws.

Tennessee Lawmakers Allow Guns In Bars

Written by Gloria Ferris

September 6th, 2009 at 2:42 am

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