Day 411

As we move gradually back into the real world, we have to examine our priorities as individuals and as a nation.

The Nation is as divided as it was over 200 years ago and it appears that race is once again the reason but not the singular one, as that economics. And that was the same argument placed during the Civil War, if Black Slaves were freed who will do the work and maintain the economy. The free labor provided by enslaving Black individuals was a large reason that our nation grew economically during what was defined as largely – Agrarian. When you have a GDP that is fueled by Rice, Tea, Tobacco and those comprise the largest exports it is a worry when the Government decides to move a decimal, change a numeral or ultimately change the already complex accounting measures to reduce profits of the Owner/Farmer or Business. And we were once a nation of small businesses and to some extent still are as many of our most wealthy have long stopped building industry, running the family corporation or local entity that was a fixture in the many towns and cities that aligned the shipping ports and rivers that built America. We have long stopped being a nation of industry and we ship and build most of our larger contributions outside America and that includes our still single largest export – food – to the tune of $133 billion; this includes animal feed and beverages, everything goes better with Coke! Other exports include crude oil, automotive and airplane parts, fully assembled cars, and pharmaceutical drugs. Note that last one… we are the leader when it came to drug research and manufacturing. So get the shot.

The idea of Immigrants who largely contribute to the food production industry become legal migrants, recognized as citizens and residents of America, their role in this industry would change the dynamic and the bottom line when it comes to accounting. And with that, the same argument made about Slaves could be made with regards to these indentured ones. And for the record America enslaved and sold Indigenous ones as well. So yes Race is a dynamic that comprises much of the issues that dominate the dialog in America and in some odd way when the Supreme Court said corporations are people, the reality is that true as without people there would be none. It is an oxymoron and irony that people enslaved or enrolled on payrolls have made Corporate America. And with that the largest landowners in America are Corporations and in turn, still pay workers less than a living wage and their CEOs are making 300 times the average wage of those who actually do the heavy lifting. Add to that the irony is that most corporations are publically held, meaning that the people own the paper that makes the company viable and allows it to run, to borrow money, and to pay the exorbitant salaries and perks to the largely white men who sit behind the desk and continues to do what the Plantation Farm owner did hundreds of years ago, balance the books.

100 days in the Presidency and we have found a President who truly seems to speak to the people. He recognizes the needs and demands of being a leader in a world that has few. That economics and social services can work hand in hand in building America, the bottom up and the middle spread will hold up the top, a notion vested in history and lost in the past from a notion cryptically passed on a cocktail napkin that claimed it was economically more feasible to build it from the top down, where the rich literally piss their wealth on down in a trickle. Can a trickle of water satiate you in a drought? And that has been the American Economy for decades, and the lack of health care, affordable housing, cost of higher education and earning a liveable wage explains why the keeper of the books now located on a street in New York have tried to push the myth of inflation as the reason it must be this way. For if wages were higher then the cost of everything would go up. Really? So you make a million a year and the cost of milk affects your bottom line? Bullshit. That dated concept has kept us all barely floating and the rising tide? That is Climate Change.

What I learned from President Biden’s speech was that Republicans hate Taxes, Education, Lving Wages, Unions and love Child Poverty, Poor Health Care, and Guns being used to kill women. The love Cops who kill people and appreciate voting restrictions. Did they applaud anything? The faces on the stooges placed there by I assume the Kingpin of the Mafia, Mitch McConnell, was highly entertaining, as even their masks could not hide their looks of disdain and disgust. As for Mitt Romney when he woke up from his long winter nap I am sure he did not miss the one thing he does support, building a better family protection act. Mormons are big on family.

The Census came out Monday and the regions that grew were the South and the Sun Belt. A pattern well established by the reality that these right-to-work States have built an economy on low wages, racial segregation, oppression of women and the LGBTQ community, focus on conservative Religion, and of course shitty education. All of which are fed by low taxes and in turn a really shitty infrastructure that really comes to a head when a natural disaster hits, and then they turn hands out to the Feds they reject the other 364 days to help out. I lived in Tennessee and to think I became Conservative by relocating there is absurd, no I got worse, more Liberal and I did not just turn to the left, I left. But I could. So newcomers could switch sides or they may not. Georgia may be the tip of that iceberg. People who find support will find those like them and from that less afraid to step up and speak out. In the same vein that Trump enabled the white supremacists to step out of their dark shadows and walk not only into the light but into the Capital will be like all viruses that are not Covid, killed by the light and the breeze that diversity in unity brings. But no we will never have a fully integrated world but we can do more and do better in attaining that goal.

I also read an article about Iowa, and like Kansas a decade ago, a State that turned right, and with that, the dynamic changed, but why? Well, that is easy a loss of work, and yes, the ugly face of racism comes to light, but when all things are equal, in that sense, the white dude earns a decent wage, a black dude the same, that they can afford a car, send their kids to school and well yes live in different neighborhoods and have their own communities in which to attend Church and shop that is okay, as long as they clean, well run and like the Chinatowns or our Gay hoods, like the Castro, or the Mission District, where we all love to visit, to eat/drink and be merry, but we go home without incident. We like our segregation, and we like it to be safe, clean, and good for all. It is not in our DNA. It is in our culture, and that crosses the globe like likes like. We will never end racism, Xenophobia, misogyny, or any other of the “isms” that live among us, but we can dilute it through education, employment, and opportunity. We confuse racism with prejudice, and those are not the same. Racism is hate, where prejudice is bias, that comes from experience and/or learned behaviors and attitudes, and again with exposure and with that comes understanding and awareness, so start small and build big. All buildings start from the ground up. Ever seen one built from the top down? Yeah, me neither.

Potty Training

Why that explains the issue surrounding toilet paper hoarding (there is a documentary on the subject so I am not going into detail about that) there is also an issue surrounding Marijuana and its definition of essential in places where it is legal.  Originally from Washington State and lived in Seattle through its evolution and recall when it was strictly medical in California and the times they are a changing and then again not so much.

Well one thing Covid did do is end passing the bong/the joint/the vape that much is certain.  For that I am good with again I have always had bodily fluid exchange issues and I would rather fuck with condoms than kiss anyone. I can shower and walk out of that but the whole tongue in the mouth, yuck. Again while I did not think I would be celibate for seven years it gave me an opportunity to inventory the sexual history and frankly fucking is about having a few minutes or longer if lucky to really have fun then its over, like a roller coaster.  It doesn’t mean you need to ride it every day and the thrill of it makes it exciting when you remember it and can look forward to it again.  I am good with memories and the thought of a man climbing on top of me and humping and pumping just makes me roller coaster nauseous so thankfully I have many options of self pleasure that I prefer. But enough about me!

This November Jersey is allowing the citizens to vote on legalizing Marijuana and I say hail yes. Frankly at this point we need businesses and the taxes that pot provides.  Medical Marijuana is tax exempt and hence when you purchase your weed there it is cheaper but the selections are fewer and that is almost strictly all cash and with hard restrictions about purchase.  The legal recreational shops are not tax exempt, have massive options and types of purchase, some do take cards and have lounges and the ability to sit and enjoy your purchase on site and even prepared for you by the Budtenders. Think Barista but with pot not coffee.  That said you are not allowed to buy a limited amount but nothing stopping you from going to shop to shop and loading up as they are not interconnected with that data and from what I could tell it is not reported to the State to monitor individuals and their purchasing history.  But it is like any competitive business and the type of weed, prices, etc matter and I can say from my last weed vacation in San Francisco it does matter.  I went to almost all the legal shops and tried it all and while it was great for a high holiday I can see that unless you have no budget and that it is a regular part of your lifestyle you need money.  And the black market still very much exists for that reason.

The reality is that many investment firms and venture capitalists decided that pot was the new frontier and when they get their grubby profit enhanced hands in there it turns into shit real fast, one only needs to look at the graveyards of restaurants and retail that will in the post pandemic world see a graveyard filled with their bones.   I have long said there is a bizarre marketplace when it comes to pot, from the bullshit idiots who diagnose you with some disorder to qualify for a med pot license, few if any are actual Doctors, shit Dr. Phil qualifies, and in turn you pay that price to get that card. Then there were wholesalers that found themselves in a myriad of complex legalities and confusing financials that led few outlets to open much like a floral marketplace in which vendors could sell and retailers could shop.  So that too is another complex variable to this polynomial.

I don’t need to again to get into the complex financial regulations and issues about how that affects the business but it is like the Mafia, Breaking Bad or Ozark only with less interesting characters.

The Washington Post examined the industry in California one of the early lockdown states that also allowed Pot businesses to remain open as essential.  And it like many others are finding it hard to stay open and remain profitable.

Weed is deemed ‘essential’ in California, but many pot businesses are on the brink of failure

The industry has been hammered by high taxes, local opposition to retail stores, the vaping crisis and more. The coronavirus creates a new opportunity and another potential crisis.

By  Reed Albergotti 
The Washington Post
April 14, 2020

SAN FRANCISCO — As the novel coronavirus rages on, few industries have experienced quite as many highs and lows as California’s cannabis industry.

Just a month ago, it looked like California’s weed trade was headed for a shutdown, which would have landed a devastating blow to many businesses that are already struggling. Then, state officials deemed pot “essential, and many stores reported the biggest days of sales since recreational marijuana became legal. Now, a more sobering reality is setting in: The marijuana industry is unable to tap into a federal stimulus package or bank loans.

“There’s no money that’s going to be coming into the sector,” says Nicholas Kovacevich, CEO of KushCo Holdings, a major distributor to marijuana dispensaries. “All of these companies, including us, need to get profitable really quickly or risk running out of money.”

For industries like California’s pot business that were already on the brink, the coronavirus crisis represents a make-or-break moment. Many retailers and restaurants have shut in the past month for the stay-at-home order, unsure whether they’ll reopen when it’s over. Like grocers, the marijuana industry’s ability to operate during the pandemic offers a much-needed source of revenue. But for the pot business, the lack of a safety net, access to banking or the ability to tap into federal stimulus dollars means the tiniest misstep could lead to bankruptcy.

“We saw the potential to lose everything and then have the state or federal government not have our backs at all. It was very scary,” said Dave Wingard, who owns Flora Terra, a marijuana cultivator and dispensary in Santa Rosa, Calif., with his wife, Alicia. They had finally gotten their business up and running last fall after a year and a half of cutting through red tape.

The designation by Bay Area governments was a major milestone for an industry that was ravaged by a war on drugs and survived years of turmoil since legalization. California was the first U.S. state to legalize medicinal marijuana in 1996, but the industry was marred by periodic crackdowns by federal law enforcement. In 2016, following Colorado and other states, voters approved recreational sales, prompting an investment boom. Many predicted that it would bring it out from the shadows, turning the once underground drug into an over-the-counter commodity.

The opposite happened. The state began heavily taxing the product, and local municipalities tacked on their own taxes and fees, which boosted prices. Many towns opted to block marijuana dispensaries from opening up nearby, choking the ability of legal operators to distribute their goods.

Tom Adler, owner of Wonder Extracts, which had been selling medicinal marijuana since the ’90s, says his business margins over the past two years were cut by 75 percent in part because of increased costs associated with regulation and high taxes — far from his “huge” expectations for the business when it was legalized four years ago.

With the drug legalized, underground dealers felt emboldened to expand their operations, setting up expansive delivery networks, undercutting the prices of legal pot and depriving the state of marijuana revenue. California initially expected about $1 billion in new tax revenue in 2018. It took in $342 million. Untaxed and unpoliced, black-market pot is estimated to be much larger than the legal trade in California.

Hampered by a morass of regulation, local opposition to stores and a thriving black market, many marijuana businesses have shuttered. The vaping crisis, which was linked to the marijuana business because the pens are a popular method for smoking pot, last fall scared away investors and sent pot stocks plummeting.

When the Bay Area designated dispensaries essential businesses and customers rushed to stock up, it created one of the few bright spots in the state’s economy.

The owner of Foggy Daze Delivery, who goes by the name Evrett, was so busy the day after the stay-at-home order that he became a delivery driver himself. He made 39 deliveries that day, driving all over San Francisco handing bags full of weed to grateful customers. “We genuinely believe we’re performing an essential service,” he said.

“The fact that they’re allowed to be open is huge,” said Fiona Ma, the California state treasurer who said she hopes marijuana will help buoy the state’s tax revenue, which is sure to be drastically down this year. “Obviously, it’s going to help,” she said. But she cautioned that the illicit marijuana business is likely also bustling, with even less enforcement because of stay-at-home orders.

Now, California’s cannabis workers have the undesirable distinction of being front-line workers during a pandemic operating on razor-thin margins and zero federal support.

Logistical hurdles such as setting up a drive-through operation — a public health requirement — and protecting employees from the virus have added costs. Meanwhile, business owners had to pay for extended sick leave for employees who aren’t working during the pandemic because of new requirements in the Families First Coronavirus Response Act.

Brandon Levine, owner of Mercy Wellness in Cotati, Calif., said when he received an alert on his mobile phone that cannabis stores will be limited to curbside delivery, he and his employees wasted no time getting to work designing a drive-through store in the parking lot. They stayed up until 1 a.m. setting it up.

“Our industry, the people in it are resilient and open-minded. We’re talking about cannabis here, so you have to be a little bit open-minded,” he said.

What counts as essential during a coronavirus lockdown: Fries in Belgium, wine in France

Last week, Rep. Ed Perlmutter of Colorado (D) said he is pushing to include marijuana businesses in the next federal stimulus package. Democratic Sens. Ron Wyden and Jeff Merkley, both of Oregon, are also supporting that change.

The industry has some unusual challenges when it comes to stopping germs. Unlike most businesses these days, the marijuana trade is heavily reliant on cash transactions because banks have largely shunned the sector.

Hard Car, a security company that caters to the marijuana business, performs a function that sounds arcane in the year 2020: In addition to distributing cannabis products, it transfers large sums of cash to the federal reserve for marijuana companies that can’t get a bank to serve them because of federal restrictions.

Todd Kleperis, the company’s co-founder, said he anticipated the coronavirus would be a problem and ordered 3,000 face masks and gloves for his workers early last month. Once Hard Car’s drivers are done with a delivery, drivers take off their masks and gloves and use hand sanitizer and clean the vehicles, some of which have air filters that can stop viruses. Drivers are told to regularly change their masks to avoid risking infection.

In Santa Rosa, the Wingards’ Flora Terra business saw an initial spike after the industry was deemed essential. Since then, they are seeing better revenue overall, but not enough.

That burden on small businesses is supposed to be compensated by the new federal stimulus bill that offers small businesses what is essentially free money to make up for added costs. But the Wingards won’t be eligible for that aid because the federal government deems their business illegal.

“I don’t know where it’s going to go,” Dave Wingard said. “It’s hard. It’s a tough business. … We’re going to try our best.”

Stress Test

We are all there now and the endless confusing messaging, the grandstanding by Politicians (this weeks winner the asshole from Kentucky, Thomas Massie) and the overall stillness of the city streets that ebb and flow depending on the weather and how stir crazy individuals get.

For the first time I shopped in a calm Whole Foods who were letting people in one at a time, the same with Target (although they were not really doing so as the joint was kinda empty like the streets) and the ferry once again transported a single passenger to Manhattan (me) and only myself and one other and the terminal empty, the Seaport path utterly deserted if not a few walkers/runners; All of which were kept within social distancing guidelines.   But yesterday when the temps hit in 70s I just felt I could not go out as I knew that they would be out there. They are those who seem to have no concept of social distancing, seem to think they and their baby carriages, dogs, bikes and partners they are walking with take priority when it comes to navigating the sidewalks.  Again why Jersey City closed its small parks that people could at least walk around or sit away from each other and be outside is beyond my understanding but then again this is the dick off where the Mayor here wants to shove his in anywhere he can prove his is the biggest as the State park a two stop light rail ride is wide open and all parks are open across the water so much for not leaving the house and confined to your closet in a tower of germs.

This has done one thing for me, never wanting to live in an apartment complex again. From not knowing how to properly dispose of waste/recycling/breaking down boxes to just their overall superiority that comes from insecurity explains why New York is the epicenter with Jersey as the second.  There is something about the mindset here that contributes to the way they behave and interact with others.  Before the virus I actually liked the tough as nails demeanor and it suited me but  with the crisis it like the medical center has revealed that beneath the tough shell is a weak soft mass of tissue that is utterly untenable.   Which explains the histrionics about how every city needs the biggest the mostest the bestst medical equipment to the overwhelming honorifics and beatitudes that have the medical professionals equivalent to the Military or the “First Responder” club which for decades has been the way to acknowledge those who work in shitty jobs but are given faux titles of respect to somehow compensate for failing to compensate and recognize them for their work and in turn excuse them for their behaviors when they fail to live up to these absurd concepts and beliefs about said men (and women) with guns.  And that goes with Doctors and Nurses and the bizarre parallel universe that has them now Generals and Soldiers on the “front” line of defense.  When we have heard repeated story after story of turning away symptomatic patients and in turn handling some equipment and treatment without training and of course the decision about who gets treated versus who does not.   Expect more of that to be reveled when the crisis is over.

Yes folks I am not one to hyper grandstand or laud praise on those people who elect to enter fields of choice, pursue the necessary study, licensing or training required to be in said fields.  As we also know the quality and consistency of said education and training is a variable that is akin to the transmission of a virus, it is a matter of luck and some careful precautions.

I saw a parade in one Jersey township of lovely white middle class families lining the streets of their neighborhood with signs and balloons as the Teachers drove through the streets in their own cars and waved to the adoring students and their families.   I would love to see that say in the Bronx or Queens which are the hot zones for the virus and where many families have no access or availability of the internet connections, space or tech skills required to access distant learning. Again like the restaurant and food industry you get what you pay for and what you can pay for defines the type of food and place you can eat. And the same concepts of Education that you can apply to the food industry you can apply to the medical industrial complex as well.    Access and availability are dependent upon your income, your status in society and of course race and gender as well as age. Ugly truths are just that truths not ugly ones just uncomfortable ones, like anal warts or herpes. Treatable but not always curable.

This is not over by a long shot I suspect it will move through June as we now are cycling through a massive seasonal change that now revolves to the countries below the equator. As New Zealand already closed its borders and in turn contained the virus the same would have to be in all countries that are moving into winter when viruses thrive.   And it means all of those in the Northern climes have to vet, test and force not request FORCE those entering into quarantine for 14 days.  And yes we have that power to do so but how and to what that means is another massive attempt at closing ports both air and sea and mobilizing a massive effort to do so.  This is not impossible but it is.

Then we have the issues that run from immigration, residents on visa’s or pending ones, we have massive economic switches that have been pulled which means every single sector of our GDP will have to rethink how they do business and what that means for them going forward. This is not like 2008 which had to focus on the banks, lending and financial service industries.  NO, this is about every single business and industry and even institutions on how they will go forward post pandemic.

In 2008 that was called the stress test:  A bank stress test is an analysis conducted under hypothetical unfavorable economic scenarios, such as a deep recession or financial market crisis, designed to determine whether a bank has enough capital to withstand the impact of adverse economic developments. In the United States, banks with $50 billion or more in assets are required to undergo internal stress tests conducted by their own risk management teams as well as by the Federal Reserve.

Now change that word or business “bank” and replace it with Hospitals, Medical/Health Insurance, Education/Schools, Contracting, Food and Restaurant Industry, Supply Chain – as in any and all; Government,  Manufacturing; Tech, Utilities, Infrastructure, Communication, Hospitality, Small Businesses that run a wide gamut of type, Transportation both local, national and international, Finance and Investment, and even Government and its unyielding bureaucracy.  In other words: Every single business, industry and institution that provides services in the United States and within the larger global economy will have to undergo a stress test.

What that means again is deep cleaning to find out what is needed, what needs to be tossed and what we can use and repurpose for dual purpose or for something else entirely. Think about a multi cooker and all it can do in your home during a  medical crisis? Yogurt – check.  Rice – Check. Bread – Check. Sear – Check.  Steam – Check.  Slow cook – check.  High Cook – Check.  We now get why the Instant Pot  is so popular it does it all! That is one item that can withstand a stress test.

I suspect that some of these furloughs and layoffs will continue on well past the lifting of quarantine as each industry evaluates the need over the reality.  That insurance company, that bank, that distribution company or builder that has made do with a piecemeal effort of staffing and closing of offices, branches and moving those to online or remote work spaces I suspect will continue. This means that business can literally switch many employees akin to Uber drivers as they can work out of their home, using their own internet connections, equipment and more importantly their residence and this will reduce overall operating costs in which to downsize and in turn scatter their offices to varying cost friendly tax incentive award locations.   And that big bribe will become the new big dick in the room as varying States and Governors will use the data from Covid and their varying dick measuring protocols to prove how “SAFE” and “PRODUCTIVE” they were during this pandemic.  This is where the stress test is about voting and being active in the election process.  Some dicks need a condom to stop the spread of disease and some simply need a circumcision.

So Seattle, San Francisco, Boston (why I have no idea that place is horrid but whatever oh wait HARVARD)  and of course New York will end up as always winners in the crap shoot but then look at Nashville or other second tier cities that are already in mid stream but Tornados or other issues that plague the city – finding out it has no infrastructure, the industry they relied upon such as Hospitality is now suddenly a non essential service as we move forward will bring much of the growth to a halt. And the city long before the double whammy was already in budget crisis. So how it pulls out I am not sure but right now it won’t pass a stress test of any kind.

But that goes for many other cities of similar nature – Las Vegas. There was a mass shooting that should have already changed the way the game is played and now this.   As I suspect the old road trip will be the new staycation and the idea of getting on a flight to spread germs, get germs and the need to have a collective germ-a-thon, like Mardi Gras, Coachella and other larger festivals and gatherings will also need to be less of a must go, as can I see it online?

That will not last but the disposable income, the need to Instagram and top one another most likely will when you are simply trying to get out of this and move forward. America has always been a competitive top the Joneses type of country.  As my Parents were first generation Immigrant or second generation immigrant but WASPS in every sense of the word we were much more isolation oriented, aka “private” and yet highly socially conscious as my Parents saw first hand the troubles in ways that I had not.  And as a result I got how things get bad and how you get through it when it hits the fan.  Americans and that includes Immigrants as they came here in pursuit of the bullshit peddled to them and are in fact more vested in that mythology than the native born truly are narcissistic empty folks that rely upon colloquialisms and false notions peddled to them by those whom they have aligned.  The message is as only as good as the messenger and we have many that are mixed if not utterly contradictory. Few of them regardless can withstand a stress test.

I knew what that was like living in Nashville as I heard repeatedly the talking points peddled to them by the real leader in the City, the head of Tourism, Butch Spyrdion, then the Chamber of Commerce that also had tremendous influence if not actual policy plans that were enacted by the supposed elected council and my other favorite body of power, the MDHA that never met a plan or builder or a check attached to a developers hand than the housing authority.  And that is everywhere as I have seen some idiotic building here that blows me away for its arrogance.  And I call it that as the housing is not in line with actual incomes and businesses that live and work in Jersey City.  This is not a suburb of NYC it is a small city that would like to be Williamsburg but it can’t it just is Jersey and that is why I like it.  And I love Manhattan but funny I decided to not live there as I needed to always be socially distant so I would never get too close and too infected with all that is that city.  And all places are in the eye of the beholder. And I always do a stress test before I make a critical decision and while I did not fully do that in this move I am relieved to be here I cannot imagine living in Nashville during this nightmare.

This week 3 million filed for unemployment, that does not include the self employed, the gig employed, the contract employees or those small business owners.  Then we have what this means in the bigger cities with diverse economies that shut down fast and furious and put us all in shock and awe will come out of it better for it but there will be also a sea change about how we work and live. For years the greening of America encourage urban density and clearly we saw that sucks so I suspect a new model of the suburbs will evolve and rather than malls being shopping meccas they will become community centers that have gyms, older day care, younger day care, some shopping, some library and other services that enable mobility and opportunity. The other is building of better neighborhood schools and stopping the insanity of school choice as busing kids across townships is not healthy nor productive.  Perhaps finally Teachers may get the respect they deserve.  And in turn dying towns once neglected may find themselves restored and renewed the essential message of building green.  If it is broke can it be fixed and what does it take? Can it withstand the stress test?

We have become a nation of disposable wipes and then we hoard them when we need to share them. What that says is that we failed to learn that when we were young but then again when all those around you fail to model what they ask you do to.. don’t do as I do do as I say … well you get what we have today.  I was well schooled and maybe this might do what we have failed to do for decades in the me nation.  Ah fuck it we will be back to it within 24 hours of this pandemics end.  Just go for a walk and see what I see.  It is not pretty it won’t stand up to the stress test.

The Winner Is…

The rich and the poor share one thing in common, they are not immune; However, how they handle the crisis proves that the rich are different but poor share the same fears and needs.  But that divide will not be mended it will grow.

I read this today and thought how true:

It’s morally repulsive how corporations are exploiting this crisis. Workers will suffer
Robert Reich The Guardian March 22 2020

Using power and privilege to exploit the weak and vulnerable in the face of a common threat is morally repugnant. Call it ‘Burring’ after Richard Burr’s stock sell-off

Republican senator Richard Burr apparently used information he gleaned from his role as chairman of the Senate intelligence committee about the coming pandemic to unload 33 stocks held by him and his spouse.

Societies gripped by a cataclysmic wars, depressions, or pandemics can become acutely sensitive to power and privilege.

Weeks before the coronavirus virus crushed the US stock market, Republican senator Richard Burr apparently used information he gleaned from his role as chairman of the Senate intelligence committee about the ferocity of the coming pandemic to unload 33 stocks held by him and his spouse. They were estimated at being worth between $628,033 and $1.72m , in some industries likely to be hardest hit by the global outbreak.

While publicly parroting Trump’s happy talk at the time, Burr confided to several of his political funders that the disease would be comparable to the deadly 1918 flu pandemic.

Then the market tanked, along with the retirement savings of millions of Americans.

Even some pundits on Fox News are now calling for Burr’s resignation.

When society faces a common threat, exploiting a special advantage is morally repugnant. Call it “Burring.” However tolerable Burring may be in normal times, it isn’t now.

In normal times, corporations get special favors from Washington in exchange for generous campaign contributions, and no one bats an eye. Recall the Trump tax cut, which delivered $1.9tn to big corporations and the wealthy.

The coronavirus should have altered business as usual. But last week’s Senate Republican relief package, giving airlines $58bn and billions more to other industries, is pure Burring.

Senate majority leader Mitch McConnell tried lamely to distinguish it from the notorious bank bailouts of 2008. “We are not talking about a taxpayer-funded cushion for companies that made mistakes. We are talking about loans, which must be repaid, for American employers whom the government itself is temporarily crushing for the sake of public health.”

But the airlines are big enough to get their own loans from banks at rock-bottom interest rates. Their planes and landing slots are more than adequate collateral.

Why do airlines deserve to be bailed out? Over the last decade they spent 96%of their free cash flow, including billions in tax savings from the Trump tax cut, to buy back shares of their own stock. This boosted executive bonuses and pleased wealthy investors but did nothing to strengthen the airlines for the long term. Meanwhile, the four biggest carriers gained so much market power they jacked up prices on popular routes and slashed services (remember legroom and free bag checks?).

United CEO Oscar Munoz did his own Burring on Friday, warning that if Congress doesn’t bailout the airline by the end of March, United will start firing its employees. But even if bailed out, what are the odds United would keep paying all its workers if the pandemic forced it to stop flying? The bailout would be for shareholders and executives, not workers.

While generous toward airlines and other industries, the Republican bill is absurdly stingy toward people, stipulating a one-time payment of up to $1,200 for every adult and $500 per child. Some 64 million households with incomes below $50,000 would get as little as $600. This will do almost nothing to help job-losers pay their mortgages, rents, and other bills for the duration of the crisis, expected to be at least the next three months.

The Republican coronavirus bill is about as Burring as legislation can be – exposing the underlying structure of power in America as clearly as Burr’s stock trades. In this national crisis, it’s just as morally repulsive.

Take a look at how big corporations are treating their hourly workers in this pandemic and you see more Burring.

Walmart, the largest employer in America, doesn’t give its employees paid sick leave, and limits its 500,000 part-time workers to 48 hours paid time off per year. This Burring policy is now threatening countless lives. (On one survey, 88% of Walmart employees report sometimes coming to work when sick.)

None of the giants of the fast-food industry – McDonald’s, Burger King, Pizza Hut, Duncan Donuts, Wendy’s, Taco Bell, Subway – gives their workers paid sick leave, either.

Amazon, one of the richest corporations in the world, which paid almost no taxes last year, is offering unpaid time off for workers who are sick and just two weeks paid leave for workers who test positive for the virus. Meanwhile, it demands its employees put in mandatory overtime.

Here’s the most Burring thing of all: These corporations have made sure they and other companies with more than 500 employees are exempt from the requirement in the House coronavirus bill that employers provide paid sick leave.

At a time when almost everyone feels burdened and fearful, the use of power and privilege to exploit the weaknesses and vulnerabilities of others is morally intolerable.

We are all in this together, or should be. Whatever form it takes, Burring must be stopped.
____________

Target along with Best Buy, Walmart and Whole Foods  and varying Banks have been very busy sending out informative emails to somehow try to retain character and integrity but again don’t believe it until you see it.   Starbucks have closed most stores unless they have a drive thru/walk up capability and again I question that they can continue that for what I believe is 90 days or longer in this “shut down.”  And that goes for many small businesses who are doing the same.  Two weeks severance is common and that will be that said the local hair salon. And as most chairs are ‘rented’ there they won’t even do that.   That goes the same for Yoga studios, Physical Therapy, Massage and Spa treatments as few are actual employees.  Same for most other gig related economies and contract positions that are white collar in nature they will not qualify for unemployment either.  Right Google with over 1/3 or their workforce contract in nature.

And the poor are hoarding just doing so with a lifeline that will not last.  They are frightened to work at said essential services but then again what is the choice, to not?

I don’t think Americans are all that noble, good, kind or whatever. That myth is up there with bootstraps, the Savior bullshit and unicorns. We will get through this but who we will be following this is unknowable.


As coronavirus spreads, so do doubts about America’s ability to meet the moment

Toluse Olorunnipa, Griff Witte and Seung Min Kim
The Washington Post   March 22, 2020

As the coronavirus spreads through communities across the country, it poses a critical question: Can America’s people, institutions and government collectively rise to the occasion to defeat a once-in-a-generation crisis?

With a global pandemic testing the country’s political, financial, social and moral fabric, there are growing signs that answering in the affirmative has become increasingly difficult.

Bureaucratic missteps have led to a shortfall in tests needed to determine the true scope of the virus. Hospitals are pleading for more medical equipment as doctors resort to using homemade masks. Financial markets have lost a third of their value in less than a month. Reveling spring breakers have hit the beaches in defiance of a nationwide social distancing campaign.

Companies, some of whom celebrated tax cuts by rewarding shareholders with record stock buybacks, are preparing to lay off millions of workers while pleading for a government bailout.

At the helm of it all is a president who rose to power with a divisive brand of politics, a reliance on his gut instinct and a claim that the United States was no longer winning on the global stage. He now faces the greatest test of his presidency — a viral outbreak that requires bipartisan cooperation, verbal precision and a reliance on bureaucratic expertise.

The president continued to lash out at his perceived political enemies Saturday during a briefing that was ostensibly organized to give Americans information about the government’s efforts to combat the pandemic, seeming to continue to view the public health emergency through the prism of his media coverage.

“They write inaccurately about me every single day, every single hour,” he said. “. . . It’s so insulting when they write phony stories.”

Throughout U.S. history, there have been moments that have tested the nation’s ability to overcome monumental challenges ranging from war to depression to natural disasters. Many of those were accompanied by controversies, a sense that more could have been done, and unequal treatment across racial and economic lines.

Still, etched into the public consciousness is a sense that the country that had rallied to the moment in previous crises would inevitably do so in the face of a new one.

Little was automatic about those historic victories, and a sharpening partisan divide combined with flagging confidence in the government and other institutions could hamper any effort to quickly solve what is fast becoming a debilitating national emergency.

“We hit dark moments before in U.S. history, and this is clearly one of them,” said Douglas Brinkley, a historian at Rice University. “It doesn’t help that the federal government is perceived as utterly dysfunctional.”

But, Brinkley added, Americans throughout the country have shown impressive mettle in dealing with a virus that has upended the daily lives of hundreds of millions of people, and they could rise to the moment even more as the threat posed by the virus becomes more real to communities across the country.

Hospital workers are treating thousands of patients during day-long shifts. Healthy people are volunteering to help their vulnerable neighbors with everyday tasks. Most Americans are abiding by instructions to stay home, a reality perversely highlighted by the abrupt slowdown in the economy.

The Trump administration has flexed the power of the federal government to take some unprecedented steps, including some with bipartisan support, such as suspending student loan payments and foreclosures and providing tax relief to strained consumers. Legislation to combat the crisis and its economic fallout has moved with breakneck speed in a political climate that had been plagued by gridlock, impeachment and petty fights.

While Trump initially downplayed the threat of the outbreak, in recent weeks he has interspersed his trademark bombast and braggadocio with occasional flashes of sobriety and inclusiveness.

“In times of struggle, we see the true greatness of the American character,” Trump said Friday during a news conference in which he referenced the cooperative relationship he has forged with several Democrats in recent days.

But his divisive side was on display that day as well, as he attacked critics and complained he wasn’t receiving the credit for handling the outbreak that he believes he deserves. He also touted the effectiveness of a potential treatment for coronavirus, a “game changer,” that his health officials quickly cautioned would not be immediately available and still needed to be tested.

The times of struggle show no sign of abating, as the country braces for what could be a prolonged period of social and economic disruption caused by a mysterious virus. There were more than 23,000 confirmed cases across the nation as of Saturday evening, and more than 300 people have died.

Those numbers have been rising rapidly even as some countries, including South Korea, have appeared to gain control over the outbreak’s spread in a way that shines a harsh light on some of the shortcomings in the U.S. response thus far. The Trump administration is now scrambling to replicate some of the tools and systems successfully put in place weeks ago by South Korea.

Whether it is able to do so could shape how Trump’s presidency, and the country’s welfare during it, are remembered, said Monica Schoch-Spana, a medical anthropologist at the Center for Health Security at the Johns Hopkins Bloomberg School of Public Health.

“We’re at a fork in the road, and the choices we make now are going to put us down at least one of two pathways,” said Schoch-Spana, who has studied the response to the 1918 flu outbreak, which killed at least 50 million people globally. “We need to pull it together, like, right now.

Health-care system on the brink

The health-care system is currently the area of most urgent need, according to hospital workers, state governors and public health experts who have increasingly been sounding the alarm about shortages in equipment and test kits. As the federal government struggles to provide basic medical equipment such as masks and ventilators, some governors have warned that a shortage in capacity could become acute in a matter of days.

Frustration with the federal response began early, as a bureaucratic morass delayed the distribution of testing kits for people who needed them.

As Trump assured the country that “beautiful” tests were available to anyone who needed them earlier this month, members of his administration — and the facts on the ground — offered a very different picture. Anthony S. Fauci, director of the National Institute of Allergy and Infectious Diseases, described the inability to conduct widespread screening for coronavirus as “a failing.”

“The bold and decisive actions this President has taken throughout this pandemic are purely about protecting the public health, including the unprecedented collaboration to curb the spread of the virus, expand testing capacities, and expedite vaccine development,” White House spokesman Judd Deere said in a statement.

Doctors are still struggling to get access to enough tests, and state health officials have only begun to set up the kind of easy drive-through testing that South Korea implemented more than a month ago before it halted the spread of the outbreak.

Now, a lack of medical protective gear — the masks, gowns and gloves that health providers rely on to keep themselves healthy — has threatened to further worsen the crisis. The CDC has encouraged some health officials to use bandannas as “a last resort” if they don’t have masks.

Hospitals are also struggling to obtain enough ventilators for an expected surge in serious medical cases. Trump invoked the Defense Production Act on Wednesday, drawing on wartime powers meant to ramp up production of key materials. But he wavered on whether he would use the authority granted by the 1950 act, and it’s not clear whether his actions will be adequate to address the shortfall.

Trump has distanced himself from the responsibility to ensure medical equipment is available within the health system, saying that state governors should take the lead.

“We’re not a shipping clerk,” the president said Thursday.

The shortages, which bring to mind previous wartime efforts to rapidly ramp up production of critical supplies, highlight how much has changed since World War II, said Brinkley.

They also underscore long-standing problems with the health-care system and the lack of preparedness that has resulted from years of governmental neglect, said Saskia Popescu, an epidemiologist with Honor Health, a Phoenix hospital system.

“This outbreak has revealed systemic weaknesses, but also the challenges of national preparedness built on private industry, and how that often means some hospitals are more prepared than others, and the desperate need to really strengthen national health-care biopreparedness,” she said.

Deeply divided Congress tries to meet the moment

In Congress, lawmakers were rushing to come to an agreement as early as this weekend on an economic stimulus plan that could inject $2 trillion into the economy under circumstances unprecedented in modern history at a Capitol that has been riven by increasingly toxic partisanship.

Many of the crises confronted by lawmakers dating to the Obama administration have been of Congress’s own making, such as government shutdowns fueled by partisan impasses over spending priorities. The Trump presidency and Democrats’ subsequent takeover of the House had further embittered the relationship between the two branches, as the House made Trump only the third president to be impeached. He was later acquitted by the Senate.

Yet under the pressure of the pandemic, lawmakers in recent weeks sped to pass two initial funding packages in overwhelmingly bipartisan numbers aimed at addressing the coronavirus crisis.

The question remained on whether they could reach agreement on a third — a complicated economic stimulus package with a massive price tag that was already drawing fire from all sides. Senior aides expressed cautious optimism that lawmakers could, as the scale of the historic crisis continues to grow and senators become more eager to leave the Capitol, particularly after two House lawmakers tested positive for the coronavirus in recent days.

Senators also said they acknowledged acutely the gravity of the moment.

“I think there’s a sense that we’re all going to be remembered for this moment,” said Sen. Richard Blumenthal (D-Conn.). “If we’re there for any purpose, now is it.”

The Senate’s current longest-serving Republican agreed.

“I think this is a test of America’s character, just like it was a test of our character in World War II to pull together,” Senate Finance Committee Chairman Charles E. Grassley (R-Iowa) said last week on the Senate floor.

But partisan tensions remain.

Senate Majority Leader Mitch McConnell (R-Ky.) soured Democrats early on in the negotiations when he released legislation drafted solely by Senate Republicans filled with several provisions that were nonstarters for Democrats — whose votes are needed to pass any legislative package in the Senate — and even some GOP senators.

“The only way we will get this done, in a divided government, is to negotiate in good faith,” said Sen. Brian Schatz (D-Hawaii), questioning if his Republican colleagues were capable of bipartisanship after years of acrimony.

Congress’s ability to meet the moment was undermined by reports Thursday that several senators offloaded large portions of their stock holdings in February, when lawmakers had received briefings about the threat of the virus and before those shares ultimately tanked.

Senate Intelligence Committee Chairman Richard Burr (R-N.C.), who had expressed confidence in the country’s preparedness for the coronavirus outbreak, sold a significant share of his stocks last month, according to public disclosures.

Burr and other senators have denied any wrongdoing.

The each-man-for-himself attitude that the stock-selling senators are accused of has been replicated in parts of the country where enforcing social distancing has become a kind of moral dilemma.

‘How you behave affects my health’

Along Florida’s sun-kissed shores, authorities had to physically close off beaches to rowdy spring breakers after they failed to take the hint from earlier orders to avoid crowded spaces. Many simply moved the party to nearby bars and restaurants before they, too, were ordered shut.

Older Floridians have looked on from their seaside condos in dismay, wondering why younger generations aren’t taking the threat more seriously.

But the nation’s baby boomers have hardly been immune to rule flouting.

California’s Bay Area has imposed some of the most restrictive conditions in the country, with authorities ordering residents to shelter in place on Monday. Gov. Gavin Newsom (D) made the edict statewide on Thursday.

Not everyone has been willing to adhere, however, to demands that residents go out only for essentials, such as trips to the grocery store or the doctor. Images of Californians, of all ages, casually mixing and holding hands on the San Francisco waterfront were enough to send the normally unflappable Sanjay Gupta, CNN’s resident doctor, into a simmering rage.

“How I behave affects your health,” he intoned on air, offering a mantra for our times. “How you behave affects my health.”

It’s a way of seeing the world that has quickly been internalized by many millions. The oblivious spring breakers received a lot of attention. But the broader U.S. response has included much generosity and sacrifice as workplaces empty, crowds scatter, neighbors help neighbors and people give up, one by one, the things that they love for the sake of the greater good.

Many Americans have acted preemptively to protect those around them. Days before California ordered bars and restaurants to shut down, Miguel Jara, owner of the iconic La Taqueria in San Francisco’s Mission District, announced he was closing up.

He didn’t want his 19 employees, some of whom have been cooking up tacos for decades, to be exposed to the virus. He said he would keep paying them while the restaurant remained closed.

“I’d rather take a hit in the bank account than have one of them get sick,” said the 77-year-old, who has been in business nearly half a century.

Louisville Mayor Greg Fischer said the fact that everyone is confronting the same problem is a hindrance: No one has been spared the impact, making money tight and resources scarce. But it also helps for everyone to be in it together.

“There’s a commonality: Every person, every business, every nonprofit is dealing with it,” said Fischer, who has been in quarantine after his wife tested positive for coronavirus. “The whole country is focused on covid-19.”

While the virus has captured the nation’s attention, Americans getting their news from widely varying sources are being exposed to different versions of reality. Some conservative figures downplayed the virus for weeks, joining Trump to describe concern over its spread as a plot to tarnish the president. Other kinds of misinformation have also spread widely on social media.

But more than ever, Silicon Valley’s most prominent social media sites are finding and removing misinformation and other dangerous posts, photos and videos about the coronavirus before they draw large audiences online.

Beginning in February, Facebook, Google-owned YouTube and Twitter each put a series of policies in place that prohibit content peddling fake cures, for example, and barring ads that peddle potentially suspicious masks and other preventive measures. They also have dedicated portions of their social feeds to banners and links that direct viewers to more authoritative sources, such as the Centers for Disease Control and Prevention.

The prevalence of misinformation makes presidential leadership and clarity all the more important in the middle of a national emergency, said Leon Panetta, who served as defense secretary and CIA director during the Obama administration.

“This president has been both ambivalent about how to approach this crisis, unsure about the strategy to deal with it and has not been able to, in an honest and direct way, unify the country behind this effort,” he said. “The leadership that is absolutely required by a president of the United States at a moment of this kind of serious crisis is lacking.”

________________

And lastly this is not the first time I have experienced this and may not be the last as who knows I could have one hell of an immune system. But I can’t wait to see the commercials with Covid B pills next to AIDS drugs .. Christ I remember when AYDS was an actual weight loss candy! And Herpes was a social stigma. “Hi I’m Candy, no literally that is my name and I take Truvada Prep and Covid B daily to not die and spread death to others. Personal responsibility is not my problem as I never have to practice safe sex or cover my cough either!” I can see that happening and it’s not funny but it is true as for many who died to make it these drugs possible and they can never fuck, cough or laugh again either. It is one thing in early days to disregard the fear tactics it is another to ignore them in the present. Now let’s hit the beach!

HIV and Covid-19 crises have played out in similar ways with inept government responses and stigmatization of certain groups

Peter Lawrence Kane  The Guardian   22 Mar 2020

Because of the coronavirus, the 7 million people who live in the San Francisco Bay Area have been one step shy of a full lockdown since Tuesday. Amid all the canceled plans, cratering small businesses and disruptions to everyday life, another poignant postponement stands out: The Names Project Aids Memorial Quilt’s return to Golden Gate park has been delayed. A viral pandemic, one whose scale we haven’t fully grasped, has interacted with another.

Many Americans have drawn parallels between HIV and Covid-19, noting the inept government response, the stigmatization of certain groups and the heroism of frontline health workers. Like a ghoulish reboot of a television show, some of the same people have returned. Deborah Birx, a longtime HIV doctor in the US military who later became the United States Global Aids coordinator, now serves as the response coordinator for the White House Coronavirus task force. Anthony Fauci, an immunologist, has been the director of the National Institute of Allergy and Infectious Diseases since 1984.

“We had another silent epidemic: HIV,” Birx said at a White House press conference on Monday. “And I just want to recognize the HIV epidemic was solved by the community: the HIV advocates, and activists who stood up when no one was listening and got everyone’s attention.”

Her words are unmistakably direct, but for many, the comparison is a cautionary one. HIV has killed nearly 40 million people worldwide since the early 1980s, roughly 700,000 of the victims were Americans – almost 20,000 of them in San Francisco. The coronavirus has not proven nearly as lethal. Contracting it is certainly not the death sentence that HIV was for so many years, and some advocates are reluctant to push the analogy.

HIV has killed nearly 40 million people worldwide since the early 1980s, almost 20,000 of them in San Francisco.

“They’re both viruses, obviously, and there are some overlapping parts of this that obviously can be compared,” says John Cunningham, the executive director of the National Aids Memorial in San Francisco, which had been set to debut the quilt in early April, for Golden Gate park’s 150th anniversary. “But in totality, I would never want to draw that direct comparison. That being said, the National Aids Memorial and the Aids Quilt take very seriously our responsibility to share the stories of the epidemic and the stories of a tragic virus that befell a community.”

That the Bay Area is a focal point in both epidemics is not lost on longtime Aids activist Cleve Jones. When the city of San Francisco got involved in the fight against HIV, it was spending more than the federal government was, he says.

“The most glaringly obvious similarity is that both pandemics began with Republican administrations and a Republican president who did not acknowledge the gravity of the situation,” Jones says. “And the failure of a strong early response led to tragic consequences.”

The similarities extend to nomenclature. In the early days, before the term “acquired immunodeficiency disease”, Aids was known as Grid, for “gay-related immune deficiency” – when it wasn’t simply called the “gay cancer” or the “gay plague”, that is. When Donald Trump insists on tweeting about the “Chinese virus”, he claims to be playing tit-for-tat with Communist party propaganda that the virus is of US origin. But it ignores the dangers of scapegoating in a time of panic.

Racist tropes, like homophobic stigma 35 years ago, can also inspire false confidence in groups who presume they won’t be affected.

“In the early days of the Aids epidemic we were told it only affected gay people,” Jones says, “the result of which was the death of tens of millions of heterosexual men, women and their children”.

But before the millions of residents in the six-county Bay Area were told to shelter in place, a meme had spread far and wide among LGBTQ+ Americans. It has two panels, upper and lower. The upper one reads, “Straights: I can’t believe the government would just ignore an epidemic that threatens thousands of lives.” The lower panel reads, “Gays: You don’t say…” superimposed over a picture of the Aids Memorial Quilt spread out over the National Mall in Washington DC.

It’s a bit harsh and oversimplified, maybe. But the question it presupposes is a valid one in a region on near-lockdown – because for some people, HIV and coronavirus aren’t separate at all. The fear among long-term survivors of HIV/Aids is potent, according to Dr Lary Abramson, a retired San Francisco physician who treated patients during that epidemic’s early phases.

“I can tell you that the people I know who are currently on meds for HIV, who have survived our plague, are taking extreme precautions,” he says. “They don’t want to get anywhere near this coronavirus and are doing all they can to follow the guidelines the NIH is promulgating.”

For younger generations, the instinct is essentially the opposite: to come together in tough times. Even though social acceptance of LGBTQ+ people has arguably never been higher, queer people reflexively seek refuge in queer spaces. Juanita MORE!, a well-known San Francisco drag performer whose parties have raised tens of thousands of dollars for various LGBTQ+ causes, has to balance her advocacy for nightlife against a consistent message of “Stay the fuck home!”

“As a mother to so many people in San Francisco, I have noticed that a lot of people are having a hard time – and did all the way up until the quarantine was instated – staying in,” she says. “When we were in that first year of the Aids crisis, that was also hard for a lot of people, and the reason was that everyone had just come to San Francisco. They had just gotten free and come out, and were told again they couldn’t. Those comparisons, to me, are the same.”

As of Thursday, some 70 San Franciscans have tested positive for coronavirus, while approximately 15,000 are living with HIV. For Cunningham of the National Aids Memorial, the trauma lingers.

“I lived in the Castro during the darkest days of the epidemic,” Cunningham says, referring to San Francisco’s famous gay neighborhood. “And since Covid-19 came upon the scene, there has been a building wave of emotion inside of me and others. I’ve had many conversations and it’s bringing up a lot of unresolved grief and anger.”

But, he says, the noble impulse to help one another – within the strictures of a shelter-in-place order – are a welcome parallel between HIV and the coronavirus.

“What gave hope and galvanized individuals to step forward out of what was a tragedy, with the discrimination and prejudice and the lack of a response from the government, we saw some of the best in humanity. We saw neighbors helping neighbors. … Some of the best examples of what it means to be a community were born there.”

If people can’t feed one another, we can always check in with a phone call or by Zoom. Regarding public-health leadership under a conservative Republican presidential administration, Cunningham observes that it’s “ironic that two of our heroes, Anthony Fauci and Deborah Birx, were there in the days of the Aids crisis and are here today”.

Jones notes the surreality of their presence as well.

“One of the things that almost every longtime survivor I know has commented on is how eerie it is to see them up there smiling and nodding while this fool blathers on,” he says. “One can only imagine what is going on inside their head. I think both of them are, every day, probably laying out the degrees of harm: If they were to overly criticize Trump, they would be fired.”

Indeed, Fauci has been conspicuously effusive in his praise for the president. But for nurses at Zuckerberg San Francisco general hospital like Sasha Cuttler, the reassuring presence of capable figures at the top doesn’t necessarily translate into an adequate response on the ground. There, too, a resemblance to the Aids crisis years is unsettling.

“What strikes me is the casual disregard of the voice of nurses and others on the frontlines. That [comparison] is not off at all,” Cuttler says, adding that they’ve been removed from field nursing in retaliation for speaking with the media about a lack of urgency and coordination in testing for Covid-19.

As it was with Aids patients during the 1980s at the hospital’s experimental and nurse-led Ward 86, the frontline caregivers are “predominantly women and queer people”, Cuttler adds. “And we’re doing it with love and caring, making it clear to the patients that we do this job because it’s our job – and we’re not afraid of them or judging them. Both epidemics are used to blame people for their own illness and doing something bad to spread it.”

In the meantime, misinformation has continued unabated, much of it from prominent voices. Displaying considerable ignorance of why residents of the Bay Area were urged to remain at home – and of how contemporary HIV medications work – the conservative commentator Mark Steyn remarked on Rush Limbaugh’s show that “It’s a big gay town, San Francisco, and they’re the ones with all the compromised immune systems from all the protease inhibitors and all the other stuff. And they don’t want all the gays dropping dead on the San Francisco mayor’s watch.”

Those words could have been uttered on Tuesday, or on any given Tuesday in 1986.

Style Making

Last night I watched the new series, American Style, on CNN. While not ground breaking in any sense of the word if one did not realize the concept of how fashion, style, politics and economics are all part of the American economy then this is the series for you.   I personally loved the look back on how the American fashion industry grew and how it influenced all factors of the economy literally changing how Women were viewed as an industry in and of itself as a result. 

Now with all that comes good and bad and in turn the appearances, the popular culture, advertising and the economic growth in post war America led to what has become the bell weather for defining the belief that this was what made America great.  The reality is that it also clearly established the dividing lines between the sexes and races and of course later between those of sexuality and religion.  Yes it was America at its greatest, clearly!

If you watched the series Mad Men I think that it did a great job capturing that essential period over time and in turn how times change and people not so much unless they choose to.  And choice is how advertising, marketing, and competition began. That enabled new businesses to grow to fuel said competition and in turn consumption.  Today’s business acumen seems to center around buying one’s competitors and making giant conglomerates that do little to help the consumer.  As for technology it too contributed to our version of style that took us to new heights that to this day seems to be the only industry that matters and to which we aspire.  Aspiration was and is still the key to measure one’s success and in turn failure of attaining the “American Dream.”

Ah dreaming, isn’t that just that, a dream?  Much like the concept of meritocracy it is like a dream, illusive and yet so real but isn’t.  The venerable unicorn of life.

I read the article below about the concept of masculinity and there are some truths about this belief and last night on the CNN show the same issues came to light on the concept of how men were to act, to dress, to behave. The same expectations were for women and all of this of course was a reflection on the larger society and to provide appropriate role models for the expected 2.5 children one would of course have in their suburban home surrounded by people just like them.  From said conformity came the fear of communism as anyone different poses a threat to the very existence we fought a war for.   Again funny how history repeats itself.   And the very close friend of the current President was just that, a commie hunter who hid his own secret, his sexuality, as he eviscerated the creative class of many of his own.  America, let’s make it great again!

Men bore me.  Women bore me even more.  It is as if I have to pick the lesser of two evils.   For the record the great hero worship of Planned Parenthood may be misguided as they internally organized to crush women by offering little support to women who want to be mothers and thrive in a working environment that ironically enables women to chose that very option.   So good to know they are no different than any other large corporation in America and that little has changed since the 50s. Everything old is the same again, not new just the same. Sort of like the tech industry that gives us three same brands of scooters but they are different colors. Sure great how inventive.  You electrified a kids scooter that was a fad about 5 years ago and remember the hover board?  God almighty this is from the minds of men, boys and their toys.

What defines masculinity? What defines femininity?  What is so gay?  What is so butch? And on and on and on.   All of it toxic and all of it about conformity to a set of rules that are written by who and why?   Start there.

How ‘traditional masculinity’ hurts the men who believe in it most

New American Psychological Association guidelines suggest that certain masculine behaviors can harm everyone — including men.

By Monica Hesse
The Washington Post
January 13 at 6:00 AM

My grandfather is traditionally masculine in most senses of the word: He was a soldier, then a bait-shop owner, then a garbage collector; he rose before dawn most days of his life and I never heard him complain about it. He raised six good kids, he tells funny one-liners, he’s an expert fisherman. He once refused over-the-counter pain meds even while at death’s door.

I’ve been thinking about him lately, for reasons I’ll get to in a bit.

More than a decade ago, the American Psychological Association released a set of guidelines for treating women and girls: a document that addressed sexual violence and pay inequality, discussed how women disproportionately suffer from eating disorders and anxiety, and advised clinicians with female clients on how to be more sensitive and more effective. The APA has also, over the years, released guidelines for treating older folks, and racial and ethnic minorities, and members of the LGBT community.

What the largest psychological organization in the United States had never done was release guidelines for treating men.

Men were already perceived as the default, unneeding of individuated study. “Unless you’re in a men’s group, you’re probably not regularly reflecting on what it means to be male,” says Matt Englar-Carlson, who directs the Center for Boys and Men at California State University at Fullerton. “You’re probably just enacting it.”

Psychologists want to change that, though, and last week marked the release of the APA’s inaugural Guidelines for Psychological Practice With Boys and Men — developed over 13 years and using four decades of research. Men are 3.5 times more likely to die by suicide than women, for example. They have more academic challenges and receive harsher punishments in school settings. They’re the victims of 77 percent of homicides (and they commit 90 percent of them).

One cause for this consortium of maladies, the guidelines suggested? “Traditional masculinity” itself — the term refers to a Western concept of manliness that relies — and sometimes over-relies — on stoicism, dominance, aggression and competitiveness.

“Everybody has beliefs about how men should behave,” says Ronald Levant, who was the APA president when the guidelines were initially conceived, and who has worked on them ever since. “We found incredible evidence that the extent to which men strongly endorse those beliefs, it’s strongly associated with negative outcomes.” The more men cling to rigid views of masculinity, the more likely they are to be depressed, or disdainful, or lonely.

The guidelines are saying some men are sick, in other words. But are they saying some men are sick, like, we need to gently care for them with aspirin and a thermometer? Or are they saying some men are sick, like, we need to put them in Hannibal Lecter masks and keep them away from everyone else?

Levant was shocked this past week by how many people responded as if the guidelines were suggesting the latter — people who read the 30-page document as an indictment not of rigid, traditional masculinity but of all masculinity, and of men themselves.

Fox News host Laura Ingraham accused the APA of conflating masculinity with “Harvey Weinstein”-like behaviors.

In the conservative National Review magazine, writer David French also critiqued the study: “It is interesting that in a world that otherwise teaches boys and girls to ‘be yourself,’ that rule often applies to everyone but the ‘traditional’ male who has traditional male impulses and characteristics. Then, they’re a problem. Then, they’re often deemed toxic.”

I covered a men’s rights activist conference a few years ago: Several dozen men — white men, mostly — had flown to a Detroit suburb to talk about how they felt men were under attack. Worse, they said, nobody was paying attention to their suffering.

Some of the men were, as we’d say, “toxic,” (one kept telling me to make him a sandwich, then saying he was joking, then telling me again — ham and cheese on wheat, b—-). But a lot of them were just sad. They talked about male suicide rates, male depression, male isolation. They talked, in other words, about a lot of the information included in the new APA guidelines. They were desperate, begging, for someone to pay attention and find a solution.

Most of them, however, were sure the correct solution would have something to do with fixing women. As soon as women would stop taking their jobs, they wouldn’t be depressed anymore. As soon as women would stop categorizing sexual attention as harassment, they wouldn’t be lonely anymore.

These able-bodied straight white men were, as a group, the most privileged class in America — the Founding Fathers demographic — but they were convinced they were oppressed.

While reading the APA guidelines this week, I thought a lot about those men in Detroit. I thought about how it’s possible to be crushed by something you built, how it’s possible to invent a game that exhausts you to play.

What’s difficult about the APA’s guidelines is that they ask us to wrestle with a complicated idea: that in a society in which gender roles have historically been rigid — and that rigidity has placed the lion’s share of power in the hands of one of the genders — it’s possible for the rulers to be harmed right along with the ruled. But that’s what bad systems do. They mess up everyone.

I thought about how hard it would be to accept that healing yourself might mean letting go of the very things you believed defined who you were.

Englar-Carlson, the California professor, worked on the APA guidelines for several years. When I talked to him, he kept repeating this point: He didn’t believe that men were bad, or even that many forms of masculinity were.

“A lot of men have the expectation that they need to be stoic, and independent, and take care of things on their own — and those can all be quite helpful tools,” Englar-Carlson says.

The trouble comes, though, when those are the only tools men believe they have: when they need help and are afraid to ask for it, when they’re experiencing emotions they can’t even name, much less express. And when they blame themselves for being unable to make those insufficient tools work, and the result is to lash out — or lash in — in violence.

“The guidelines are about, how do we help men live healthier lives?” he says. “How do we help men live lives that aren’t trapped in straitjackets of gender expectations?”

All week long, he said, he’d been getting emails accusing him of “not liking” traditional men. He told me he wanted to write back, “I do like them! That’s why I don’t want them to suffer!”

I told him about my grandfather. How much I loved and respected him. How most everyone who met him respected him. How our family stories centered on him being a good provider and a good man. But also — how I couldn’t remember anyone asking my grandfather how he felt about that. Whether he would have preferred a different life. Whether he had ever felt trapped in the one he had.

I told Englar-Carlson that I wanted everyone in the world to be like my grandfather. But I also wanted everyone to know they have the option not to be.

Charles In Charge

That may be the real de facto leader in the White House as clearly it is not Donald J. Trump.   After reading this article discussing the speech patterns of Alzheimer victims I thought: “I by the grace of God but Trump not so lucky.’  And then I found this article about what defines a CEO in a public vs private business.

I do think that Fran Lebovitz said about Trump: “He is a poor persons idea of what a rich person is like” has validity.  But what she really means: “This is what they think a CEO is”  Most people do not work for a Fortune 500 Company and if they do they are so far down the food chain they don’t even know that they do.   And the myriad of businesses and ownership further confuse those who think they are working for a business when in reality they are working for a private investement company or hedge fund that has multiple investors and are not interested in that businesses singular success.

Then comes the con-in-chief who actually owns and manages very little of his investments. His business is largely licensing with little hands on but very specific guidelines and procedures that secure continuity among the projects so they provide the illusion of Trump without The Trump.

Trumps own ventures have landed him in bankruptcy and civil courts numerous times. And through disclosure and deposition transcripts we learn just how veiled the head that wears the crown is from actually operating the said business.  So I am sure the same philosophy applies to the White House and explains the dissaray as Trump does not have the shield and protection of his family to ensure that exposing the Emperor in his new clothes to the the citizenry does not occur.  But as we learned on Saturday the Emperor’s subjects don’t care one iota.  They are morons and like always likes like, so this is a win-win for the Trump and his kins.

But this article does explain how the concept of CEO – private or public – have very different roles and functions which distinguishes how their respective businesses are run.  This might be why Trump wants to eradicate regulations, they don’t apply to him and regardless they are his kind.  And as they say in West Side Story, stick with your own kind.

Trump wasn’t a real CEO. No wonder his White House is disorganized.
Running a family business isn’t the same as running a public corporation.

By Bert Spector February 21 at 7:00 AM

Throughout the 2016 presidential campaign, Donald Trump made much of his business experience, claiming he’s been “creating jobs and rebuilding neighborhoods my entire adult life.”

The fact that he was from the business world rather than a career politician was something that appealed to many of his supporters.

It’s easy to understand the appeal of a president as CEO. The U.S. president is indisputably the chief executive of a massive, complex, global structure known as the federal government. And if the performance of our national economy is vital to the well-being of us all, why not believe that Trump’s experience running a large company equips him to effectively manage a nation?

Instead of a “fine-tuned machine,” however, the opening weeks of the Trump administration have revealed a White House that’s chaotic, disorganized and anything but efficient. Examples include rushed and poorly constructed executive orders, a dysfunctional national security team, and unclear and even contradictory messages emanating from multiple administrative spokesmen, which frequently clash with the tweets of the president himself.

Sen. John McCain (R-Ariz.) succinctly summed up the growing sentiment even some Republicans are feeling: “Nobody knows who’s in charge.”

So why the seeming contradiction between his businessman credentials and chaotic governing style?

Well for one thing, Trump wasn’t a genuine CEO. That is, he didn’t run a major public corporation with shareholders and a board of directors that could hold him to account. Instead, he was the head of a family-owned, private web of enterprises. Regardless of the title he gave himself, the position arguably ill-equipped him for the demands of the presidency.

Several years ago, I explored the distinction between public and private companies in detail when the American Bar Association invited me to write about what young corporate lawyers needed to understand about how business works. Based on that research, I want to point to an important set of distinctions between public corporations and private businesses, and what it all means for President Trump.

Public corporations are companies that offer their stock to pretty much anyone via organized exchanges or by some over-the-counter mechanism. To protect investors, the government created the Securities and Exchange Commission (SEC), which imposes an obligation of transparency on public corporations that does not apply to private businesses like the Trump Organization.

The SEC, for example, requires the CEOs of public corporations to make full and public disclosures of their financial positions. Annual 10-K reports, quarterly 10-Q’s and occasional special 8-K’s require disclosure of operating expenses, significant partnerships, liabilities, strategies, risks and plans.

Additionally, an independent firm overseen by the Public Company Accounting Oversight Board conducts an audit of these financial statements to ensure thoroughness and accuracy.

Finally, the CEO, along with the chief financial officer, is criminally liable for falsification or manipulation of the company’s reports. Remember the 2001 Enron scandal? CEO Jeffrey Skilling was convicted of conspiracy, fraud and insider trading and initially sentenced to 24 years in prison.

Then there is the matter of internal governance.

The CEO of a public company is subject to an array of constraints and a varying but always substantial degree of oversight. There are boards of directors, of course, that review all major strategic decisions, among other duties. And there are separate committees that assess CEO performance and determine compensation, composed entirely of independent or outside directors without any ongoing involvement in running the business.

Whole categories of CEO decisions, including mergers and acquisitions, changes in the corporation’s charter, and executive compensation packages, are subject to the opinion of shareholders and directors.

In addition, the 2010 Dodd-Frank Act requires — for now — regular nonbinding shareholder votes on the compensation packages of top executives.

And then there’s this critical fact: Well-governed firms tend to outperform poorly governed ones, often dramatically. And that’s because of factors like a strong board of directors, more transparency, a responsiveness to shareholders, thorough and independent audits, and so forth.

None of the obligations listed above applied to Trump, who was owner, chairman and president of the Trump Organization, a family-owned limited liability company (LLC) that has owned and run hundreds of businesses involving real estate, hotels, golf courses, private jet rentals, beauty pageants and even bottled water.

LLCs are specifically designed to offer owners tax advantages, maximum flexibility, and financial and legal protections without either the benefits (such as access to equity capital markets) or the many obligations of a public corporation.

For example, as I noted above, a corporate CEO is required by law to allow scrutiny of the financial consequences of his or her decisions by others. As such, CEOs know the value of having a strong executive team able to serve as a sounding board and participate in key strategic decisions.

Trump, by contrast, as the head of a family business was accountable to no one and reportedly ran his company that way. His executive team comprised his children and people who are loyal to him, and his decision-making authority was unconstrained by any internal governance mechanisms. Decisions concerning what businesses to start or exit, how much money to borrow and at what interest rates, how to market products and services, and how — or even whether — to pay suppliers or treat customers were made centrally and not subject to review

Clearly, this poorly equips Trump to be president and accountable to lawmakers, the courts and ultimately the voters.

Another important aspect of the public corporation is the notion of transparency and the degree to which it enables accountability.

A lack of transparency and reluctance to engage in open disclosure characterized the formulation of Trump’s immigration ban that was quickly overturned in federal court. That same tendency toward secrecy was manifest throughout the campaign, such as when he refused to disclose much about his health (besides this cursory “note”) or release any of his tax returns.

While there’s no law that requires a candidate to divulge either health or tax status, that lack of transparency kept potentially vital information from U.S. voters. And Trump’s continuing lack of transparency as president has kept experts and advisers in the dark, leading to precisely the confusion, mixed messages and dysfunction that have characterized these early weeks. And, of course, this can quickly lead to a continuing erosion of public trust.

Trump, it should be noted, made one stab at a public company: Trump Hotels and Casino Resorts. That was an unmitigated disaster, leading to five separate declarations of bankruptcy before finally going under, all this while other casino companies thrived. Public investors ignored all the signs in favor of the showmanship and glitz of the Trump brand and, as a result, lost millions of dollars. Trump allotted himself a huge salary and bonuses, corporate perks, and special merchandising deals.

What is especially telling about this experience is that, rather than speaking on behalf of fiduciary responsibilities for the best interests of the corporation, Trump noted, “I make great deals for myself.”

There is no need to be overly naive here.

Some CEOs also operate in a highly centralized manner, expecting obedience rather than participation from direct reports. All business executives expect a shared commitment from their employees to their corporate goals and value dependability, cooperation and loyalty from subordinates.

But the involvement of a multiplicity of voices with diverse perspectives and different backgrounds and fields of expertise improves the quality of resulting decisions. Impulsive decision-making by an individual or a small, cloistered group of followers can and often will lead to disastrous results.

Virtually every U.S. president, ranging from the great to the inconsequential and even the disastrous, has emerged from one of two groups: career politicians or generals. So why not a CEO president?

Without question, a background in politics does not guarantee an effective presidency. Abraham Lincoln, the consensus choice among historians for the best president ever, was a career politician, but so was his disastrous successor, Andrew Johnson.

Likewise, we can think of many traits of an effective corporate CEO that could serve a president well: transparency and accountability, responsiveness to internal governance, and commitment to the interest of the overall corporation over and above self-enrichment.

Sadly, that is not Trump’s background. His experience overseeing an interconnected tangle of LLCs and his one disastrous term as CEO of a public corporation suggest a poor background to be chief executive of the United States. As such, “nobody knows who’s in charge” may be the mantra for years to come.

The Next Detroit?

When I read the below article about Dallas I thought immediately that we are heading to the next 2008 and that is not a good thing

Last week I read where Wells Fargo foreclosed on a commercial structure, the Regions Building in Arkansas. And here in Nashville every day is another announcement of an LLC or REIT closing on a building for millions of dollars or a building being turned over to an new LLC/REIT that was on a property purchased less than a year ago. So in other words we have commercial property flipping and that does not feel good at all.

There are already problems with density issues, the reality of a city that has not developed infrastructure plans at all to handle the influx of people and the tourists that visit are often confused that there is no downtown core or business’s that are not bars on a sole strip with not a drugstore, retail outlet or any other shop open past 5 or on weekends to provide an alternative to drinking. The millions of dollars being lost is staggering and the long term plan of building said development is three years out while hotel after hotel and apartment after apartment are being constructed, with jobs firmly planted in the middle to low tier of income ranges. So who is moving here and what are the jobs and what are they paying?

There is a disconnect here that I see consistently and given the intellect this is not surprising. Tennessee is another one of the many GOP controlled states with the constant tax reductions to attract industries while there is little to no spending on infrastructure that builds strong cities and a diverse economy. So at one point you have to ask who is all this building for? The $8/hr worker?

So when you read about Dallas their issues are much like Detroit with regards to the pension problems that many municipalities are facing. But what makes it unique is that the problems are about the team who were in charge of the funds. Read the article and you will see that the the failure is not that about the pensions themselves but those who manage them.

Dallas Stares Down a Texas-Size Threat of Bankruptcy

By MARY WILLIAMS WALSH
THE NEW YORK TIMES
NOV. 20, 2016

DALLAS — Picture the next major American city to go bankrupt. What springs to mind? Probably not the swagger and sprawl of Dallas.

But there was Dallas’s mayor, Michael S. Rawlings, testifying this month to a state oversight board that his city appeared to be “walking into the fan blades” of municipal bankruptcy.

“It is horribly ironic,” he said.

Indeed. Dallas has the fastest economic growth of the nation’s 13 largest cities. Its streets hum with supersize cars and its skyline bristles with cranes. Its mayor is a former chief executive of Pizza Hut. Hundreds of multinational corporations have chosen Dallas for their headquarters, most recently Jacobs Engineering, which is moving to low-tax Texas from pricey Pasadena, Calif.

But under its glittering surface, Dallas has a problem that could bring it to its knees, and that could be an early test of America’s postelection commitment to safe streets and tax relief: The city’s pension fund for its police officers and firefighters is near collapse and seeking an immense bailout.

Over six recent weeks, panicked Dallas retirees have pulled $220 million out of the fund. What set off the run was a recommendation in July that the retirees no longer be allowed to take out big blocks of money. Even before that, though, there were reports that the fund’s investments — some placed in highly risky and speculative ventures — were worth less than previously stated.

What is happening in Dallas is an extreme example of what’s happening in many other places around the country. Elected officials promised workers solid pensions years ago, on the basis of wishful thinking rather than realistic expectations. Dallas’s troubles have become more urgent because its plan rules let some retirees take big withdrawals.

Now, the Dallas Police and Fire Pension System has asked the city for a one-time infusion of $1.1 billion, an amount roughly equal to Dallas’s entire general fund budget but not even close to what the pension fund needs to be fully funded. Nothing would be left for fighting endemic poverty south of the Trinity River, for public libraries, or for giving current police officers and firefighters a raise.

“It’s a ridiculous request,” Mr. Rawlings, a Democrat, said in testimony this month to the Texas Pension Review Board, whose seven members are appointed by Texas governors, all Republicans for the last 20 years.

The mayor — who defeated a former Dallas police chief to win his office in 2011 — added that he had nothing but respect for the city’s uniformed safety workers, five of whom were gunned down by a deranged sniper during a protest against police shootings in July.

But that does not change the awful numbers. This month, Moody’s reported that Dallas was struggling with more pension debt, relative to its resources, than any major American city except Chicago.

“The City of Dallas has no way to pay this,” said Lee Kleinman, a City Council member who served as a pension trustee from 2013 until this year. “If the city had to pay the whole thing, we would declare bankruptcy.”

Other ideas being considered include raising property taxes, borrowing money for the pension fund, delaying long-awaited public works or even taking back money from retirees. But property taxes in Dallas are already capped, the city’s borrowing capacity is limited, and retirees would surely litigate any clawback.

This month, the city’s more than 10,000 current and retired safety workers started voting on voluntary pension trims, but then five people sued, halting the balloting for now.

The city is expected to call for an overhaul in December. But it has no power to make the changes, because the fund is controlled by state lawmakers in Austin. The Texas Legislature convenes only every other year, and Dallas is preparing to ask the state for help when the next session starts in January.

One state senator, John Whitmire, stopped by the pension building this month and urged the 12 trustees to join the city in asking Austin to scale back their plan.

“It’s not going to be pleasant,” said Senator Whitmire, a Democrat in the statehouse since 1973. But without some cuts, “this whole thing will come crashing down, and we’ll play right into the hands of those who would like 401(k)s or defined contribution plans.”

To many in Dallas, the hole in the pension fund seems to have blown open overnight. But in fact, the fuse was lit back in 1993, when state lawmakers sweetened police and firefighter pensions beyond the wildest dreams of the typical Dallas resident. They added individual savings accounts, paying 8.5 percent interest per year, when workers reached the normal retirement age, then 50. The goal was to keep seasoned veterans on the force longer.

Guaranteed 8.5 percent interest, on tap indefinitely for thousands of people, would of course cost a fortune. But state lawmakers made it look “cost neutral,” records show, by fixing Dallas’s annual pension contributions at 36 percent of the police and firefighters’ payroll. It would all work as long as the payroll grew by 5 percent every year — which it did not — and if the pension fund earned 9 percent annually on its investments.

Buck Consultants, the plan’s actuarial firm, warned that those assumptions were shaky, and that the changes did not comply with the rules of the state Pension Review Board.

“The Legislature clearly ignored that,” Mr. Kleinman said. The plan’s current actuary, Segal Consulting, reported in July that 23 years of unmet goals had left Dallas with a hidden pension debt of almost $7 billion.

Back in Dallas, the pension trustees set about trying to capture the 9 percent annual investment returns. They opted for splashy and exotic land deals — villas in Hawaii, a luxury resort in Napa County, Calif., timberland in Uruguay and farmland in Australia, among others.

The projects called for frequent on-site inspections by the trustees and their plan administrator, Richard Tettamant. The Dallas Morning News reported that officials were spending millions on global investment tours, with stop-offs in places like Zurich and Pisa, Italy. Pension officials argued that their travel was appropriate and their investments were successes.

It was an investment right in Dallas that led to the pension fund’s undoing: Museum Tower, a luxury condominium high rise. It went up across the street from the Nasher Sculpture Center, a collection housed in a Renzo Piano building surrounded by manicured gardens. The Nasher, opened in 2003, was integral to a city campaign to revitalize its downtown.

Museum Tower started out modestly, with a $20 million investment from the pension fund. But as the downtown Arts District flourished, the pension fund raised its stake, then doubled the height of the building, and finally took over the whole development for $200 million. Mr. Tettamant became the general manager.

As Museum Tower soared to 42 stories, its glass cladding acted as a huge reflector, sending the sun’s intensified rays down into the sculpture center. Mr. Piano had installed a filtered glass roof, designed to bathe the masterpieces in soft, natural light. The glare from the tower ruined the effect, killed plants in the garden and threatened to damage the sculptures. The center called on the pension fund to reduce the glare. Mr. Tettamant said nothing could be done and suggested the center change its roof.

Mr. Rawlings, the mayor, brought in a former official of the George W. Bush administration, Tom Luce, for confidential mediation. But Mr. Luce resigned after five months, saying Mr. Tettamant had failed to adhere to “the conditions and spirit under which I agreed to serve.”

Before long, The Dallas Morning News published a long exposé of the fund’s real-estate holdings, raising serious questions about its claimed investment success. Some retirees began to clamor for a criminal investigation. The mayor demanded a full audit.

When the audit was done, it showed that the investments were indeed overvalued, and that the fund was in deep trouble.

Mr. Tettamant, who was dismissed in 2014, said he believed he was being blamed for problems he did not cause.

“The Dallas mayor has a vendetta against me,” he said in an interview. “I never made any real estate investments. The board made all the investment decisions, and I was not a board member.”

In April, the Federal Bureau of Investigation raided the offices of CDK Realty Advisors, a firm that helped the pension fund identify and manage many of its investment properties. A spokesman for CDK declined to discuss the raid, but said the firm was working to resolve its differences with the pension fund.

In his meeting with the trustees, Senator Whitmire recalled that in 1993 he had voted enthusiastically for the plan that sent the pension fund on its ill-fated quest for 9 percent investment returns.

“We all know some of the benefits, guaranteed, were just probably never realistic,” he said. “It was good while it lasted, but we’ve got some serious financial problems because of it.”

The Glass, The Steagall, The Wall

I never understood President Obama’s fascination with the Clinton crowd once he took office and appointed many to prominent Cabinet and staff positions.  These were the individuals whose very economic policies contributed to the economic meltdown in 2008. 

I have no horse in the race and frankly will vote in November knowing that unless an act of God occurs, the status quo will remain firmly in place and it will be business as usual the following day.

I found this essay and he has his bias and that is apparent, but there is truth in his observations with regards to financial reform – it.will.not.happen.

I worked on Wall Street. I am skeptical Hillary Clinton will rein it in 

 Wall Street is very much intertwined with the Clinton’s. I doubt that will change anytime soon as Hillary Clinton continues to receive large donations from top bankers

Chris Arnade
The UK Guardian
Thursday 28 January 2016

 I owe almost my entire Wall Street career to the Clinton’s. I am not alone; most bankers owe their careers, and their wealth, to them. Over the last 25 years they – with the Clinton’s it is never just Bill or Hillary – implemented policies that placed Wall Street at the center of the Democratic economic agenda, turning it from a party against Wall Street to a party of Wall Street.

 That is why when I recently went to see Hillary Clinton campaign for president and speak about reforming Wall Street I was skeptical. What I heard hasn’t changed that skepticism. The policies she offers are mid-course corrections. In the Clintons’ world, Wall Street stays at the center, economically and politically. Given Wall Street’s power and influence, that is a dangerous place to leave them. Salomon Brothers hired me in 1993, seven months after President Bill Clinton’s inauguration.

Getting a job had been easy, Wall Street was booming from deregulation that had begun under Reagan and was continuing under Clinton. Hillary Clinton: my speeches for Wall Street haven’t led to conflict of interest.

When Bill Clinton ran for office, he offered up him and Hillary (“Two for the price of one”) as New Democrats, embracing an image of being tough on crime, but not on business. Despite the campaign rhetoric, nobody on the trading floor I joined had voted for the Clinton’s or trusted them. Few traders on the floor were even Democrats, who as long as anyone could remember were Wall Street’s natural enemy. That view was summarized in the words of my boss: “Republicans let you make money and let you keep it. Democrats don’t let you make money, but if you do, they take it.”

 Despite Wall Street’s reticence, key appointments were swinging their way. Robert Rubin, who had been CEO of Goldman Sachs, was appointed to a senior White House job as director of the National Economic Council. The Treasury Department was also being filled with banking friendly economists who saw the markets as a solution, not as a problem. Hillary Clinton proposes several new taxes ‘to rein in Wall Street’

 The administration’s economic policy took shape as trickle down, Democratic style. They championed free trade, pushing Nafta. They reformed welfare, buying into the conservative view that poverty was about dependency, not about situation. They threw the old left a few bones, repealing prior tax cuts on the rich, but used the increased revenues mostly on Wall Street’s favorite issue: cutting the debt

 Most importantly, when faced with their first financial crisis, they bailed out Wall Street. That crisis came in January 1995, halfway through the administration’s first term. Mexico, after having boomed from the optimism surrounding Nafta, went bust. It was a huge embarrassment for the administration, given the push they had made for Nafta against a cynical Democratic party. Money was fleeing Mexico, and much of it was coming back through me and my firm. Selling investors’ Mexican bonds was my first job on Wall Street, and now they were trying to sell them back to us. But we hadn’t just sold Mexican bonds to clients, instead we did it using new derivatives product to get around regulatory issues and take advantages of tax rules, and lend the clients money.

Given how aggressive we were, and how profitable it was for us, older traders kept expecting to be stopped by regulators from the new administration, but that didn’t happen. When Mexico started to collapse, the shudders began. Initially our firm lost only tens of millions, a large loss but not catastrophic. The crisis however was worsening, and Mexico was headed towards a default, or closing its border to money flows. We stood to lose hundreds of millions, something we might not have survived. Other Wall Street firms were in worse shape, having done the trade in a much bigger size.

The biggest was rumored to be Lehman, which stood to lose billions, a loss they couldn’t have survived. As the crisis unfolded, senior management traveled to DC as part of a group of bankers to meet with Treasury officials. They had hoped to meet with Rubin, who was now Treasury secretary. Instead they met with the undersecretary for international affairs who my boss described as: “Some young egghead academic who likes himself a lot and is wide eyed with a taste of power.”

That egghead was Larry Summers who would succeed Rubin as Treasury Secretary. To the surprise of Wall Street, the administration pushed for a $50bn global bail-out of Mexico, arguing that to not do so would devastate the US and world economy. Unmentioned was that it would have also devastated Wall Street banks.

 The bailout worked, with Mexico edging away from a crisis, allowing it to repay the loans, at profit. It also worked wonders on Wall Street, which let out a huge sigh of relief. The success encouraged the administration, which used it as an economic blueprint that emphasized Wall Street. It also emphasized bailouts, believing it was counterproductive to let banks fail, or to punish them with losses, or fines or, God forbid, charge them with crimes, and risk endangering the economy.

The use of bailouts should have also been a reason to heavily regulate Wall Street, to prevent behavior that would require a bailout. But the administration didn’t do that; instead they went the opposite direction and continued to deregulate it, culminating in the repeal of Glass Steagall in 1999. It changed the trading floor, which started to fill with Democrats.

 On my trading floor, Robert Rubin, who had joined my firm after leaving the administration, held traders attention by telling long stories and jokes about Bill Clinton to wide-eyed traders. Wall Street now had both political parties working for them, and really nobody holding them accountable. Now, no trade was too aggressive, no risk too crazy, no behavior to unethical and no loss too painful. It unleashed a boom that produced plenty of smaller crisis (Russia, Dotcom), before culminating in the housing and financial crisis of 2008.

 The response to that crisis was Mexico 1995 writ large: bailout the banks and save Wall Street. This time executed by an Obama administration filled with veterans of the Clinton administration, including Hillary Clinton and Larry Summers. Prior to joining Obama’s administration as a senator, Hillary Clinton voted to bail-out the banks, a vote she still defends. More than 23 years following Bill Clinton’s election, Wall Street is very much intertwined with the Clinton’s: they helped fundamentally change Wall Street, and Wall Street fundamentally changed the Democratic party.

So maybe they really do know what it takes to reform both. Maybe. Except that Hillary Clinton continues to receive large donations from top bankers. Ask anyone who has spent the last two decades on Wall Street which politicians have worked for them the hardest and most will grudgingly admit it’s the Clinton’s. I doubt that will change anytime soon.

Buy Local?

Much is made of buy local and then much is made buy handmade and by women. In other words the idea behind it is buying stuff that your mother or grandmother used to make or you used to as a craft. The secondary notion is that from this an industry is built by helping those indigenous people in war torn countries have work.

Tom’s Shoes prides itself on donating shoes for children. Great philanthropy and do they have documentation to support this as they are a for profit company and I would like to know is this the best resource or need?

Then we have WalMart who fails to pay their employees sufficient wage or enough hours requiring them to go on public assistance, were devising a marketing strategy to add to labels a small, circular symbol indicating that the company behind the product is owned by women.

The idea is that by expressing values through buying decisions has become a regular practice for a certain breed of shopper (albeit one more likely to be found at Whole Foods than Walmart) to encourage positive messaging and positive consumerism. So they have customers go an modified treasure hunt to look for logos proclaiming a product is certified kosher or free from genetically modified organisms or made locally by fill in the whatever oppressed group of the month is.

Be it Free Trade, Organic or my favorite blood diamonds as that matters when coughing up cash for a rock, are all part of the need to both appeal and in turn make the customer feel better about buying the product.

But lets be honest we like our fashions like our foods cheap. The secondary bonus of this supposed but yet largely unverifiable charity is like a nice bath in warm water as it washes away guilt. Tom’s shoes are utter garbage, poorly made and disposable. I think that may be more the point as you need to be the one who will need more shoes.

Then we have the continued exploitation of children and women who are working in factories that are largely unregulated and unsafe with repeated accidents and fires proving that the pledges and demands of larger retailers and manufacturers are unheeded.

John Oliver once again hits a home run with the fashion industry and the cheapness of both words and quality. Remember we are poors and we are all disposable too.

And then I read this editorial in the New York Times. Etsy went public and is holding its own on the big marketplace of Wall Street.

I love Etsy but nothing I buy there is about saving anyone or the world. I buy what I like and what I can afford. I can peruse numerous vendors and in turn negotiate and exchange what I like. I love that many of the vendors can alter their product and customize for you bringing new meaning to haute couture and are in turn most quick to meet the order. I assume this is what Ebay was like in the early days as well.

But many Etsy vendors outsource too. They have to to enhance volume and turn profit. I don’t mind nor care. I don’t buy from any Chinese vendor that is what Target is for. I do look at where the seller lives and that can also determine if I can be sure the transaction will go as planned. (At times prices are altered due to changes in financial transactions/dollar exchanges and in turn shipping costs all which have to factored in) Hell I have had Canadian people never communicate with me and they are 3 hours to the North, but had none with a woman in Estonia. But Etsy is quick to resolve and I have (yet) felt frustrated or pissed about the products I buy.

I do not, however, think anything more than this is nice, I like it and I would wear it or put it in my house and enjoy it. I don’t have secondary thoughts as to what I am or am not doing to make this sale have an impact beyond the singular transaction it is.

It is nice to think we are doing some good but in reality we are all job creators every time we do buy or use a service. That is all the good we need.

Sorry, Etsy. That Handmade Scarf Won’t Save the World.

By EMILY MATCHAR
MAY 1, 2015

IN her memoir, “Loretta Lynn: Coal Miner’s Daughter,” Ms. Lynn remembers the thrill of receiving her first “store-boughten” dress from a social services agent when she was around 7. It was blue with pink flowers and “dainty little pockets.”

“Mercy, how I loved it,” the singer recalls. Unfortunately, the family hog loved it, too. The dress was chewed to pieces and the young Ms. Lynn had to go back to wearing the dresses her mother sewed from old flour sacks.

Today, some 75 years later, you can buy a little blue dress with pink flowers on Walmart.com for $6.44. A handmade flour sack dress, on the other hand, will cost you $90 on Etsy.

Once a mark of poverty, handmade is hot these days. Nothing seems to shout “upper-middle-class values” like hand-carved wooden children’s toys, handmade lavender soap from the farmers’ market, artisan country bread and chunky hand-knit scarves. Etsy, the online marketplace for handmade goods, brought this homespun mania to national attention last month when it went public with a bang, ending its first day of trading at $30, up 87 percent from its I.P.O. of $16. It’s now joined by dozens of other handmade-goods sites, and hundreds of artisan markets across America.

Our hunger for handmade has gone beyond aesthetics, uniqueness and quality. In progressive circles, buying handmade has come to connote moral virtue, signifying an interest in sustainability and a commitment to social justice. By making your own cleaning supplies, you’re eschewing environment-poisoning chemicals. By buying a handmade sweater, you’re fighting sweatshop labor. By chatting with the artisan who makes your soap, you’re striking a blow against our alienated “Bowling Alone” culture.

While buying homemade gifts is a lovely thing to do, thinking of it as a social good is problematic.
Like locavorism and “eco consumerism,” it’s part of a troubling trend for neoliberal “all change begins with your personal choices” ideology. This ideology is attractive: Buy something nice, do something good. But it doesn’t work, at least not very well.

When it comes to complex issues, “vote with your wallet” campaigns have never been particularly effective in driving consumer change. In the 1970s, musical “look for the union label” TV ads were so ubiquitous they earned a parody on “Saturday Night Live.” But they didn’t halt the decline of unions. Around the same time, cars sported “Buy American: The Job You Save May Be Your Own” bumper stickers. Did it stop people from buying Toyotas? Hardly.

A vast majority of people will continue to buy what they buy for one reason: It’s a good value. Very few of us will order a $50 handmade scarf on Etsy when one is available for $5 at Target. We can’t expect most consumers to avoid items made in sweatshops or by otherwise exploited workers. We need regulations for that. When “buy handmade” is couched as a solution to exploitative labor conditions, it’s easy to forget structural change-making.

As curmudgeonly as this sounds, the sweet idea of “community building” through personal connection with artisans is not as simple as it seems, either. A few years ago, I attended a conference for Etsy entrepreneurs, where I sat in on a seminar about “narrative building.” It was critical, the seminar leader explained, to give your customers something personal: pictures of your kids, a story about a project that failed. If they found you likable, they’d be more eager to buy.

This is what you might call “affiliative consumerism” — people buying stuff from people they know and find appealing. People who are like them. On the face of it, this is a good thing: Isn’t that what community is about? Yet it means that money stays in a circle of like-minded individuals.

In her 2012 book “Overdressed: The Shockingly High Cost of Cheap Fashion,” the journalist Elizabeth Cline visits Alta Gracia, a unionized garment factory in the Dominican Republic. The workers are paid a living wage, roughly three and a half times the Dominican Republic’s minimum wage. Is it better for my dollar to go to the likable, just-like-me Brooklyn mom selling handmade headbands on Etsy or to a company that uses garment factories like Alta Gracia?

Much is also made about the eco-friendliness of handmade.

“Buying handmade (especially really locally) can greatly reduce your carbon footprint on the world,” reads a post on the popular website Handmadeology.

But few economists give much credence to the idea that buying local necessarily saves energy. Most believe that the economies of scale inherent in mass production outweigh the benefits of nearness. These same economies of scale most likely make a toothbrush factory less wasteful, in terms of materials, than 100 individual toothbrush makers each handcrafting 10 toothbrushes a day. An efficient toothbrush factory bound by strong environmental regulations would benefit everyone the most.

A potentially positive effect of the handmade movement has been the creation of a new income stream for parents (mostly mothers) and others who need flexible work. Since its inception, Etsy has served as a sort of modern version of what selling Mary Kay and Tupperware used to be. It offers the possibility of self-directed part-time work that can be done while attending to child care responsibilities, a rarity in America. But the dream has only ever materialized for a few, and even those who become successful often burn out trying to stitch iPod cases for 16 hours a day. Again, what’s truly needed is systemic change: mandatory paid parental leave and subsidized day care.

There are plenty of good reasons to buy handmade. You’re probably not going to find a squid-shaped dining chair or a crocheted sloth at a big box store, for one. It’s important to support artisans who retain knowledge of traditional art forms. Many handmade items are also higher quality than their mass-produced counterparts. But will buying handmade change the economy or save the world? Not likely.