30 June 2008

The Death of the Sport Utility Vehicle

With gasoline prices past $ 4.00 throughout the nation for the most part and $ 5.00 per gallon fuel on the very near horizon for many -- perhaps as soon as late August --, the end of the gluttonous era of the sport utility vehicle automobile has arrived. This is not the first time a line of motor vehicles will disappear from the marketplace. In the past, such vehicle lines as muscle cars, convertibles, station wagons, and big long luxury sedans have all come and gone. The smaller fuel economical motor vehicle made its debut in the early 1960s with the Chevy Corvair, Ford Fairlane, and VW Bug, and this line continues and will continue to for imperpetuity seemingly. The only way there will be a return to large and powerful vehicles is if another fuel source is incorporated into the design and operation of such vehicles, a source that is highly inexpensive, economical, environmentally responsible, and with the ease of use and location such as what gasoline has had for over three-quarters of a century.
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http://www.denverpost.com/breakingnews/ci_9739187
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26 June 2008

US Supreme Court Affirms 2nd Amendment Right for Citizens to Own and Possess Firearms

The United State Supreme Court affirmed for the first time in the nation's history the 2nd Amendment Right for American citizens to own and possess firearms. In overturning a long present very strict firearms law in the District of Columbia by a 5-4 vote, the Court recognized the long held view by most Americans that gun ownership is a fundamental right much as voting, religious freedom, and freedom of speech. The ruling does allow for governments to exercise some control over firearms, but for those law abiding individuals that own guns for self-defense and for activities like hunting and target shooting, governments will not be able to set much in the form of limits. Expect efforts to have guns registered and perhaps even licensed like motor vehicles to be further utilized by governments looking to keep guns out of the hands of violent criminals and the mentally insane.
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http://news.yahoo.com/s/ap/20080626/ap_on_go_su_co/scotus_guns;_ylt=AqwPWMPhyEJb66vJtpBwCT6s0NUE
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http://news.yahoo.com/s/ap/20080626/ap_on_go_su_co/scotus_guns_excerpts;_ylt=AqXLpOGJ2bvE.UkMPPoY0GpMEP0E
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22 June 2008

Closing the Enron Loophole: Would Oil and Gasoline Fuel Prices Fall ?

There has been a lot of discussion in recent weeks about how an obscure law passed in 2000 is facilitating the rapid increases in the prices of oil and gasoline fuel we have seen in recent years. The so-called Enron Loophole was part of the Commodity Futures Modernization Act of 2000 and was inserted into the legislation by former Texas US Senator Phil Gramm, long recognized as being a prostitute for and a lapdog of the financial and banking industries efforts to minimize and reduce regulation and oversight by any level of government. This loophole in securities trading regulations basically allows financial traders and speculators to buy and sell oil futures with no oversight and documentation. This ease of exchange makes the likelihood of fraud, manipulation, and profit gouging virtually unstoppable. Congress has recently passed a comprehensive Farm Bill by a veto proof margin that includes some language to address this Enron Loophole, but further efforts are still required to negate and eliminate the loophole which has been brutally and ruthlessly exploited by speculators resulting in horrible and tragic costs for American citizens, their families, and small business nationally. It is truly amazing the stench of the Houston, Texas, based epitome of evil and greedy corporations continues to haunt and pain Americans still years after it went bellyup. Some speculate a full and complete closure of the loophole could result in gasoline fuel prices quickly falling by 25 % and possibly as much as 50 %.
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http://www.stopoilspeculators.com/
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http://blogs.abcnews.com/politicalradar/2008/05/congress-seeks.html
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http://www.pensitoreview.com/2008/06/22/closing-enron-loophole-would-drop-oil-prices/
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http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
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Denver Post to be Gone in Early 2009 ?

Financial information recently obtained and analyzed indicates several newspaper publishing corporations are in deep trouble and face default within several months. Dramatic declines in advertising revenues may force several noteworthy newspapers to go into bankruptcy and possible cease publishing as early as the opening months of 2009. Among the newspapers reportedly in serious financial hardship include such longstanding famed publications as the Chicago Tribune, the San Jose Mercury-News, the (Jacksonville) Florida Times-Union, the Philadelphia Inquirer, and, here in the Mountain Time Zone, the stalwart Denver Post. Having been a reader of the Denver Post for over a quarter of a century, it is quite evident the newspaper is in serious decline. Leadership of the paper under editor Greg Moore has been seriously wanting and staff defections and departures are an almost daily occurrence. Content has been cut noticeably, local news has become more limited, and investigative indepth journalistic reports have all but disappeared. The number of pages in the news and other sections has seen a steady reduction, as entire sections have disappeared or been merged into other sections. The decline in the number of pages in the classified section has been overwhelming, as it can be estimated to be in the area of more than 6o % most days, particularly on Sundays, the big day for classified advertising content. The only part of the classifieds that seems to have held up is the motor vehicle portion.
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These developments are not surprising, as newspapers nationally have seen a stark decline in circulation in recent years with the rise of the internet and other alternative media. Classified advertisements have moved over to websites that are much less expensive and often free, as is the case with the Craigs List website which offers a detailed variety of classified advertisements for all kinds of goods and services for every city of any size, all 50 states, and international locales. Readership is almost exclusively limited to persons over the age of 45, as one never sees a youth or younger adult with a newspaper anymore. It will be interesting to follow these developments in the coming months and see if the worst case scenarios and ramifications eventuate.
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19 June 2008

2008: Seventh Warmest Recorded Spring Globally

The numbers are in for the Spring months of March, April, and May. 2008 shaped up as having had the eighth warmest Spring across the globe with May the eighth warmest. Here in North America, the numbers were not as positive, but were more than offset by readings across the planet. The Northern Hemisphere had just about the least amount of snowcover ever recorded, and Eurasia did. Most forecasts for the summer and autumn expect trends of increased warmth to strongly continue, and one can expect next winter and spring to be considerably warmer and less snowy across North America than the ones just completed.
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http://www.noaanews.noaa.gov/stories2008/20080613_springtemp.html
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18 June 2008

A Banking Racket Abetted by the Federal Reserve

The sleaziness of the banking industry in convincing homeowners to convert their unsecured debt to that secured by the very home of the consumer and homeowner is an ugly story that will have broad and deep ramifications for individuals, families, neighborhoods, communities, and the nation as a whole. Ultimately the responsiblility of taking on more debt belongs to the individual, but banks used an unethical and unscrupulous strategy that can only be described as immoral to tempt and convince consumers to take on more debt in the form of credit cards. Many individuals felt confident in their commitment to additional debt as the Federal Reserve pursued policy to drive up home values and create a false sense of complete confidence. Now the gig is up and it has been since late '06. The house of cards, the facade is rapidly crumbling. Millions of foreclosed homes sitting empty and neglected across the nation, and everywhere there are shattered lives for many. Broad and strong regulation of banks and other financial institutions are desperately needed and federal and state laws will need to be enacted soon to respond to the treachery and deceit practiced by banks and financial institutions and prevent any possibility of a repeat of the last decade. The worst is still yet to come, and it is largely unclear what the consequences will be for many, if not most, Americans no matter where they live and what their circumstances are.
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http://www.usatoday.com/money/perfi/credit/2008-06-17-credit-card-trap_N.htm
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http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs118.xml
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http://www.bloomberg.com/apps/news?pid=20601087&sid=alYak4riQl0c&refer=home
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*****

Electric Automobiles Available Now on the Market

With the price of gasoline fuel exceeding $4 in many places across the US, demand for alternative powered vehicles is certain to grow. There are currently five electric car models available for purchase, but these vehicles offer nothing for commuters and those individuas that have to use freeways and higher speed roads. The Tesla Roadster is the exception with a far greater range, higher speed availability, and less time necessary for a full recharge; but at a price tag over $100K, few have the resources for such an investment. The main reason this vehicle is so expensive is due the use of lithium-ion batteries (the same type used in cellular telephones). The Zenn, Gem, and Dynasty electric cars are far more affordable, but they lack any real power for speeds above 25 mph. All have ranges of about 30 miles or so for a single charge, and it will take a minimum of six hours to fully recharge the batteries on these cars. The Zap Xebra has a higher speed potential, but this vehicle is in essence an off roader dressed up as a car with only one wheel in the front. These early electric cars will not make any impression on the car markets except for those that are wealthy and collectors. Expect less expensive, more powerful, more faster vehicles with greater ranges and faster recharge times in the next few years which will make them realistic options for consumers to consider purchasing. Do not expect larger vehicles that are economical and practical in size like minivans, pickup trucks, and fullsize vans that are powered with electricity for at least several years to a decade.
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http://money.cnn.com/galleries/2008/autos/0806/gallery.electric_cars_now/index.html
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*****

The Patchwork American Nation

Many years ago, a book was authored by Joel Garreau entitled The Nine Nations of North America. This book was highly informative and provided a good understanding on the differing regions of the continent. More than a generation later, a new study similar to Garreau's work can be found in the Christian Science Monitor. Entitled Patchwork Nation, the study presents a broad and wide ranging report on the economic and cultural bases of counties across the nation. A thorough study such as this allows one to better understand what individual counties are largely all about. In the Mountain States region, the dominant economic cultural power in counties is described as Evangelical Centers. Most counties in this region, primarily rural but some urban and suburban, can be defined in this manner. Other bases that have a significant presence include Service Work Centers; Tractor Country; and Immigrant Nation. Others that have a small presence include Boom Towns; Campus and Careers; Emptying Nests; Military Bastions; Monied 'Burbs; and Minority Central. It is quite interesting to study this map and what features and attitudes make up each economic-cultural unit and what counties are represented by each. The findings are quite useful in projecting voter behavior in the upcoming general elections.
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http://www.csmonitor.com/patchworknation/
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http://www.massinc.org/index.php?id=417
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Hardship by County

The Christian Science Monitor has a story today that reports on the amount of economic hardship being experienced by each across the nation. Here in the Mountain states, there is a wide range of hardship economically. Among the counties having hard times are urban counties like Denver in Colorado, Clark in Nevada, and Maricopa in Arizona, while others are largely rural like Santa Cruz in Arizona, Luna in New Mexico, Big Horn in Wyoming, Daggett in Utah, and Lincoln in Montana. Counties that seemingly have a lower level of economic hardship are in greater numbers in most of Montana, parts of western and northern Nevada, eastern New Mexico, northern Arizona, and many mountain counties in central Colorado. Why a county has little or more economic hardship largely depends on the nature of economic diversity in each county and the amount of federal dollars regularly flowing into each county. It seems the counties with the strongest governmental, military, energy, and agricultural economic strengths are doing the best at this time, and probably will be the pacesetters in the region as well as nationally due to the economic downturn, rising energy and food prices, vast economic inequality, and poor public policy set on addressing poverty and economic injustice.
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http://www.csmonitor.com/patchworknation/csmstaff/2008/0616/where-hardship-is-acute-and-why-that-counts-in-%e2%80%9908/
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08 June 2008

Distant Suburbs Falling Hard and Fast

Distant suburbs, or exurbs, of metropolitan areas across the US are feeling and strongly experiencing the impact of the recession and sharply rising fuel prices faster than comparably to other areas. Here in the Mountain states, there are several notable exurbs that are and will feel this impact. Among them are Mesquite, NV; Pahrump, NV; Green Valley, AZ; Queen Creek, AZ (among many exurbs of the greater Phoenix area); Edgewood-Moriarty, NM; Castle Rock, CO (among many exurbs of the Denver/Colorado Springs region); Evergreen, CO (among many mountain exurbs in Colorado); Payson-Spanish Fork, UT (among many exurbs of the Salt Lake City/Provo region); and Ontario-Nyssa, OR (among many exurbs of the Boise area). These particular suburbs are about one-half hour or more by driving distance to the major employment centers in their regional area even in good driving conditions. Rising fuel prices threaten the continuation of any growth in these exurb communities, putting tremendous strains on local governmental budgets which will result in the cutback of maintenance and construction of infrastructure, other services, needed programs, and public employment. Local businesses in these exurbs will see a decline in revenues and profits due to strict tightening of local citizens' personal budgets and the continued likely increase and occurrence of home foreclosures and virtual disappearance of any new home construction. Many businesses will fail and chains will simply close down their locations in the exurbs. Home sales will be in a depressed state in these exurbs which will cause a greater decline in home values than closer in suburbs and metro cores. This ever-growing spiral will put a damper on and possibly all but end any growth or expansion in these exurbs and beyond them. Many if not most of these exurbs are now experiencing the beginnings of a long and painful markedly sharp downturn and decline that may never be reversed to conditions that existed until very recently. The solution for sprawl in the Mountain states region may have been discovered: high gasoline fuel prices and a painfully shallow widespread recession. Unfortunately with these solutions come alot of pain and hardship for many in a wide variety of ways. The areas where growth is the best places to have happen and prosper will be in the close in suburbs and center cores of older, established cities where a wide range of mass transit and alternative transportation is available. the boomburbs. The Mountain states region has a number of these types of locations as is true across the nation.
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http://www.ft.com/cms/s/0/1945db80-334c-11dd-8a25-0000779fd2ac.html
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Vice - Presidential Nominee Possiblilities

With the nominations of the two presidential candidates now wrapped up, speculation turns to whom will be each party's vice - presidential nominee. Each party will have different criteria for the choice they make for the vice - presidential campaign. It is this writer's opinion that the GOP choice will be more difficult and will be more critical for the party's autumn campaign. The Democratic choice will probably take in account having the ticket more balanced geographically than the Republicans, and they may have the VP nominee from an important battleground state essential for winning the election.
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Here are some of the names that are reportedly on the prevailing list of possible Democrats under consideration:
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Hillary Clinton...............NY senator
Joe Biden........................DE senator
Bill Richardson..............NM governor
Michael Bloomberg.......NYC mayor
Wesley Clark..................retired four star general
Tom Daschle...................SD former senator
Chris Dodd......................CT senator
Claire McCaskill.............MO senator
Chuck Hagel....................NE senator
Tom Kaine......................VA governor
Ed Rendell.......................PA governor
Sam Nunn.......................GA former senator
Kathleen Sebelius...........KS governor
Jim Webb........................VA senator
Evan Bayh.......................IN senator
Ted Strickland................OH governor
Mark Warner..................VA former governor
Phil Bredeson..................TN governor
Al Gore.............................TN former senator; former Vice-President
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I would think Obama will choose someone with significant military experience, foreign policy expertise, or a Southerner. My top guesses would be Webb, Biden, or Clark.
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On the Republican side, here is the list of some of the names being given the greatest consideration:
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Charlie Crist...........FL governor
Mitt Romney.........MA former governor
Tim Pawlenty........MN governor
Sam Brownback.....KS senator
Mark Sanford.........SC governor
Condoleezza Rice....current Sec'y of State
Bob Jindal...............LA governor
Mike Huckabee......AR former governor
Phil Gramm............TX former senator
Jeb Bush.................FL former governor
John Thune............SD senator
Joe Lieberman.......CT senator
Sarah Palin.............AK governor
Fred Thompson.....TN former senator
Rudy Giuliani.........NYC former mayor
Kay Hutchinson.....TX senator
Colin Powell............retired four-star general
Tom Ridge..............PA former governor
Rob Portman..........Director OMB
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The McCain presidential campaign team will probably opt for a governor, possibly a southerner, with experience on economic and social public policy. My guesses would be Crist, Pawlenty. or Romney.
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The national conventions for both parties will be held in the final two weeks before the Labor Day Holiday, with the Democrats holding theirs in Denver from Monday 25 August through Thursday 28 August; the Republicans will conduct theirs in Minneapolis from Monday 1 September through Thursday 4 September. One can anticipate the announcements of the vice-presidential running mates to occur sometime in mid to late July.
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http://en.wikipedia.org/wiki/United_States_Democratic_vice_presidential_candidates%2C_2008
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http://en.wikipedia.org/wiki/United_States_Republican_vice_presidential_candidates%2C_2008
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http://www.oddschecker.com/specials/politics-and-election/us-presidential-election/republican-vice-president-candidate
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http://www.oddschecker.com/specials/politics-and-election/us-presidential-election/democratic-vice-president-candidate
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*****

05 June 2008

Drums of War Grow Louder for Iran

Somewhat incredibly, the United States has made it to the final eight to nine months of the Bush Administration without launching a direct attack on Iran. Strong disagreements among administration officials and members of the Pentagon establishment have prevented an attack from occurring in recent years. But it appears the division on this policy issue is now become minimal at best, and rumors of an imminent attack on Tehran and a number of Iranian military targets by American aircraft and sea vessel launched missiles will be coming, perhaps as soon as in a few to several days, or, more likely, later this summer or in the autumn either before or after the election, probably depending on poll numbers or the outcome of the national election. The timing of the attack is as almost important politically as it is militarily and strategically. The Bush Administration wants to foster the election hopes of GOP presidential nominee John McCain and placing the attack at the right moment could strengthen the McCain bid particularly among key demographics such as older voters. It is without question the attack will jolt commodities and stock markets globally, specifically in the oil sector, as the attack will like push prices up by as much as 50 % or more in a very short period of time. While the price increase will only be temporary in the short term, the economic and psychological costs to the American economy and citizenry would be shocking. It is with this legacy in the closing months of their presidential tenure that Bush and Cheney must make a determination. An Obama election will ensure an attack will take place in the 75 days between the election and inauguration. This would create a tremendous mess for Obama to step in on, and this may be part of the GOP strategy to ensure an Obama presidency is only a one term presidency that is filled with crises economically and politically with virtually no impetus or inertia for policy moves and programs that are of a great concern, importance, and criticality.
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http://www.alternet.org/audits/87079/?page=entire

http://armscontrolcenter.org/policy/iran/
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02 June 2008

Recession Hammering Las Vegas Region

The recession is hitting hard in many places, and not so hard in others. Foreclosures and the overall demise of the new home construction industry are occuring most everywhere, particularly in the Sunbelt and Great Lakes regions. Which city and metro area is getting hit the hardest ? The definitive answer is subject to be debate, but many of the usual suspects can be considered: Phoenix, Atlanta, Miami, Sacramento, Denver, Dallas, and others. But this article puts forth a strong argument that Las Vegas is ground zero for having the most striking impact from the economic downturn. It sounds as if many retail centers are emptying out and there is a vast surplus of developed commercial real estate sitting empty and unrented. The foreclosure problem has hit Vegas hard, so it would seem this is a predictable secondary effect. Is it a harbinger for other metro areas ? Probably some, like Phoenix and Sacramento, will experience this. Others, like Denver and Dallas, may not see much of this. It looks as if the bankruptcy courts in Southern Nevada will be handling a lot of business failures and commercial land developments going belly up very hard in the coming months.
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http://www.lasvegassun.com/news/2008/jun/02/slowdown-not-sparing-many-vegas-locales/
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01 June 2008

Are You a Progressive ?

The questions posed here appeared in the website commondreams.org on Friday 30 May. Here is the list and this writer's assessment on where he stands.
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...So who is a progressive? You might be one if …
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• You think health care is a basic human right, and that single-payer national health insurance is
a worthwhile reform on our way toward creating a non-profit national health care service.
FULLY AGREE
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• You think that human rights ought always to trump property rights.
Largely AGREE
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• You think U.S. military spending is an obscene waste of resources, and that the only freedom this spending protects is the freedom of economic elites to exploit working people all around the planet.
Somewhat DISAGREE
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• You think U.S. troops should be brought home not only from Afghanistan and Iraq, but from all 130 countries in which the U.S. has military bases.
Largely AGREE
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• You think political leaders who engage in “preemptive war” and invasions should be brought to trial for crimes against humanity and judged against the standards of international law established at Nuremberg after World War Two.
Largely AGREE
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• You think public education should be free, not just from kindergarten through high school, but as far as a person is willing and able to go.
FULLY AGREE
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• You think that electoral reform should include instant run-off voting, publicly-financed elections, easy ballot access for all parties, and proportional representation.
FULLY AGREE
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• You think that electoral democracy is not enough, and that democracy must also be participatory and extend to workplaces.
FULLY AGREE
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• You think that strengthening the rights of all workers to unionize and bargain collectively is a useful step toward full economic democracy.
FULLY AGREE
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• You think that as a society we have a collective obligation to provide everyone who is willing and able to work with a job that pays a living wage and offers dignity.
FULLY AGREE
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• You think that a class system which forces some people to do dirty, dangerous, boring work all the time, while others get to do clean, safe, interesting work all the time, can never deliver social justice.
SOMEWHAT AGREE
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• You think that regulating big corporations isn’t enough, and that such corporations, if they are allowed to exist at all, must either serve the common good or be put into public receivership.
FULLY AGREE
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• You think that the legal doctrine granting corporations the same constitutional rights as natural persons is absurd and must be overturned.
FULLY AGREE
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• You think it’s wrong to allow individuals to accumulate wealth without limits, and that the highest incomes should be capped well before they begin to threaten community and democracy.
FULLY AGREE
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• You think that wealth, not just income, should be taxed.
FULLY AGREE
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• You think it’s crazy to use the Old Testament as a policy guide for the 21st century.
FULLY AGREE
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• You believe in celebrating diversity, while also recognizing that having women and people of color proportionately represented among the class of oppressors is not the goal we should be aiming for.
SOMEWHAT AGREE
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• You think that the state has no right to kill, and that putting people to death to show that killing is wrong will always be a self-defeating policy.
FULLY AGREE
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• You think that anyone who desires the reins of power that come with high political office should, by reason of that desire, be seen as unfit for the job.
SOMEWHAT DISAGREE
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• You think that instead of more leaders, we need fewer followers.
AGREE
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• You think that national borders, while sometimes establishing territories of safety, more often establish territories of exploitation, much like gang turf.
DISAGREE
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• You are open to considering how the privileges you enjoy because of race, class, gender, sexual orientation, and/or physical ability might come at the expense of others.
SOMEWHAT AGREE
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• You believe that voting every few years is a weak form of political participation, and that achieving social justice requires concerted effort before, during, and after elections.
AGREE
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• You think that, ideally, no one would have more wealth more than they need until everyone has at least as much as they need to live a safe, happy, decent life.
SOMEWHAT AGREE
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• You recognize that an economic system which requires continuous expansion, destroys the environment, relies on rapidly-depleting fossil fuels, exacerbates inequality, and leads to war after war is unsustainable and must be replaced. Score a bonus point if you understand that sticking to the existing system is what’s unrealistic.
FULLY AGREE
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Obviously this list is considerably incomplete. But it does give a good basis for understanding what it will take to try to fix this world, if that is even possible, before mankind and society destroys it in the next one-half or so century.
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*****

Poignant Insights and Perspectives on Looming Soaring Oil Price

Many credible and respected individuals and institutions are projecting a rise in oil prices to a level that many could not imagine or perceive until recently: $200 per barrel. At that price, regular unleaded gasoline figures to be priced from $6.25 to $7.50 per gallon depending on one where resides and the time of the year. Incredibly, some forecasts see this threshold being reached before the end of 2008. This blog does emphasize this economic peril and jolting sea change with regularity (and rightfully so) along with global warming, but to witness oil and fuel prices at that high level so soon would even somewhat surprise this writer. This week's Newsweek magazine has a rather indepth article about all this and what it means on a number of different levels from a number of different perspectives. It is well worth the read.
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http://www.newsweek.com/id/139395
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