Sunday, July 31, 2011

The big lie

http://www.indybay.org/newsitems/2011/07/31/18686556.php
The big lie
by Ted Rudow III, MA ( Tedr77 [at] aol.com ) Sunday Jul 31st, 2011
The presidency of George W. Bush that generally lowered tax rates and revised the code specifying taxation in the United States. These were the: Economic Growth and Tax Relief Reconciliation Act of 2001 , Jobs and Growth Tax Relief Reconciliation Act of 2003. Moreover, since 2003 the two acts have often been spoken of together, especially in terms of analyzing their effect on the U.S. economy and population and in discussing their political ramifications. These facts notwithstanding, it has become a Republican talking point that the Bush tax cuts did not, in fact, reduce revenue at all — something the Bush administration itself never asserted. It's a tax cuts of 1.8 trillion and 2 unfunded wars which had increase our deficit. It is hard to know where these totally erroneous ideas come from, Hitler said in "Mein Kampf" that if your tell a lie for the purpose of propaganda, tell a BIG one. Because the bigger the lie is, the more people are apt to believe it, because they can't possibly believe you would dare to tell such a big lie unless it was the truth! Ted Rudow III, MA

Saturday, July 30, 2011

Wealth gaps

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Wealth gaps
Issues Beyond Palo Alto, posted by Ted Rudow III, MA, a member of the Palo Alto High School community,
Recession compounded wealth gaps



A new study of U.S. census data reveals that wealth gaps between whites and minorities have grown to their widest levels since the government began tracking them a quarter of a century ago. White Americans now have on average 20 times the net worth of African Americans and 18 times that of Latinos. According to the Pew Research Center, the gaps were compounded during the housing bust and subsequent recession, and essentially wiped out much of the economic progress made by people of color over the past 20 years.



In 2009 white households had a median net worth of just over $113,000; in stark contrast Latinos had $6,300 and African Americans not quite $5,700. The Obama presidency was supposed to bring in a post-racial America, where there was a greater sense of equality among the races, and yet we're seeing this enormous step backward.



The socioeconomic realities have not changed on the ground. And this report is pointing to just how much the socioeconomic inequalities have been exacerbated by the recession and the poor economy. It has hit, as it historically does, lower-income minorities and less educated populations much more heavily than others. And this report has shown very graphically the consequences of this.

Recession

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Peninsula readers' letters: July 30
From Daily News Group readers
Posted: 07/29/2011 05:00:12 PM PDTUpdated: 07/29/2011 11:25:04 PM PDT
Recession compounded wealth gaps
Dear Editor: A new study of U.S. census data reveals that wealth gaps between whites and minorities have grown to their widest levels since the government began tracking them a quarter of a century ago. White Americans now have on average 20 times the net worth of African Americans and 18 times that of Latinos. According to the Pew Research Center, the gaps were compounded during the housing bust and subsequent recession, and essentially wiped out much of the economic progress made by people of color over the past 20 years.
In 2009 white households had a median net worth of just over $113,000; in stark contrast Latinos had $6,300 and African Americans not quite $5,700. The Obama presidency was supposed to bring in a post-racial America, where there was a greater sense of equality among the races, and yet we're seeing this enormous step backward.
The socioeconomic realities have not changed on the ground. And this report is pointing to just how much the socioeconomic inequalities have been exacerbated by the recession and the poor economy. It has hit, as it historically does, lower-income minorities and less educated populations much more heavily than others. And this report has shown very graphically the consequences of this.
Ted Rudow III, MA
Palo Alto

Thursday, July 28, 2011

Wealth gaps

http://www.indybay.org/newsitems/2011/07/28/18686312.php
Wealth gaps
by Ted Rudow III, MA ( Tedr77 [at] aol.com )
Thursday Jul 28th, 2011
A new study of U.S. census data reveals that wealth gaps between whites and minorities in the United States have grown to their widest levels since the U.S. government began tracking them a quarter-century ago. White Americans now have on average 20 times the net worth of African Americans and 18 times that of Latinos. According to the Pew Research Center, the gaps were compounded during the housing bust and the subsequent recession, and essentially wiped out much of the economic progress made by people of color over the past 20 years. In 2009, white households had a median net worth of just over $113,000. In stark contrast, Latinos had $6,300, and African Americans had not quite $5,700.
The Obama presidency was supposed to, for many people, bring in a post-racial America, where there was a greater sense of equality among the races, and yet we’re seeing this enormous step backward. The socioeconomic realities have not changed on the ground. And this report is pointing to just how much the socioeconomic inequalities have been exacerbated by the recession and the poor economy. It has hit, as it historically does, lower-income minorities, less-educated populations, much more heavily than others. And this report has shown very graphically the consequences of this.
Ted Rudow III, MA

Monday, July 25, 2011

The Debt

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Ted Rudow III, MA, Encina Ave, Palo Alto, CA
A downgrade of Irish government debt to “junk” status by a credit ratings agency did little to boost confidence, especially as Moody's said debt-laden Ireland would probably need a second bailout. A week ago the ratings firm slashed Portugal's rating to junk with a similar warning and a collapse in Italy or Spain would stretch its resources beyond breaking point.
They would then have to be rescued again by national governmentsif they can afford to do so. Somebody's lying, because it couldn't be that good with all these huge corporations and governments folding and going bankrupt! I mean, they're desperate to try to get money. The International Monetary Fund and the World Bank are desperately trying to rake up enough money to loan to some of these countries so they can at least meet their interest payments, because if they don't do that, things will collapse!

Saturday, July 23, 2011

Hooked on credit

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Peninsula readers' letters: July
From Daily News Group readers Posted: 07/22/2011 05:00:13 PM
PDTUpdated: 07/22/2011 10:18:29 PM PDT
Hooked on credit
Dear Editor: The root of the problem is the same as it has been for centuries -- credit. It leads to debt, which spirals into ever greater debt. Then those who are lenders gamble that they can make even more money by devising new and more lucrative ways for people to go more deeply into debt, while the people themselves gamble on what they consider a sure thing, just what they need to pay off their debts, or set themselves up for retirement, or finance their lifestyles, etc.
Credit has become the drug of choice of the modern world, far more widespread than any other. Individuals, companies and governments must have their fix of it, for they are addicted to it, and the withdrawal symptoms are too painful to endure. Life without credit means no future debt is possible, and often their present debt is so large and overwhelming that they cannot go on without another credit fix.
Ted Rudow III, MA
Palo Alto

Friday, July 22, 2011

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Somebody's lying
Issues Beyond Palo Alto,
posted by Ted Rudow III, MA, a member of the Palo Alto High School community,
A downgrade of Irish government debt to “junk” status by a credit ratings agency did little to boost confidence, especially as Moody’s said debt-laden Ireland would probably need a second bailout. A week ago the ratings firm slashed Portugal’s rating to junk with a similar warning and a collapse in Italy or Spain would stretch its resources beyond breaking point.They would then have to be rescued again by national governments—if they can afford to do so. Nervous banks may simply refuse to lend to each other, and the matrix of cross loans and financial linkages that bind Europe’s banks might then trigger a second credit crunch, and another contraction in lending to the real economy.Somebody's lying, because it couldn't be that good with all these huge corporations and governments folding and going bankrupt! But because the hearts of many in this countries have waxed cold and uncaring about the suffering and pain which they inflict on others in their love for riches, they have invited in the old trojan horse of war and death, and have heeded their promises of yet greater wealth and power.

Thursday, July 21, 2011

Somebody's lying

rsn

Somebody's Lying
by Ted Rudow III,MA
Tuesday, 19 July 2011
A downgrade of Irish government debt to “junk” status by a credit ratings agency did little to boost confidence, especially as Moody’s said debt-laden Ireland would probably need a second bailout. A week ago the ratings firm slashed Portugal’s rating to junk with a similar warning and a collapse in Italy or Spain would stretch its resources beyond breaking point.They would then have to be rescued again by national governments—if they can afford to do so. Nervous banks may simply refuse to lend to each other, and the matrix of cross loans and financial linkages that bind Europe’s banks might then trigger a second credit crunch, and another contraction in lending to the real economy.Somebody's lying, because it couldn't be that good with all these huge corporations and governments folding and going bankrupt! But because the hearts of many in this countries have waxed cold and uncaring about the suffering and pain which they inflict on others in their love for riches, they have invited in the old trojan horse of war and death, and have heeded their promises of yet greater wealth and power.

Wednesday, July 20, 2011

Somebody's lying

http://www.indybay.org/newsitems/2011/07/20/18685458.php

Somebody's lying
by Ted Rudow III, MA ( Tedr77 [at] aol.com )
Wednesday Jul 20th, 2011




A downgrade of Irish government debt to “junk” status by a credit ratings agency did little to boost confidence, especially as Moody’s said debt-laden Ireland would probably need a second bailout.

A week ago the ratings firm slashed Portugal’s rating to junk with a similar warning and a collapse in Italy or Spain would stretch its resources beyond breaking point.

They would then have to be rescued again by national governments—if they can afford to do so. Nervous banks may simply refuse to lend to each other, and the matrix of cross loans and financial linkages that bind Europe’s banks might then trigger a second credit crunch, and another contraction in lending to the real economy.

Somebody's lying, because it couldn't be that good with all these huge corporations and governments folding and going bankrupt! But because the hearts of many in this countries have waxed cold and uncaring about the suffering and pain which they inflict on others in their love for riches, they have invited in the old trojan horse of war and death, and have heeded their promises of yet greater wealth and power.
Ted Rudow III, MA

Friday, July 15, 2011

When You're rich

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California Democrats last month closed the remainder of what had been a gaping budget deficit by a combination of deep spending cuts, optimistic revenue projections and new fees that are sure to be challenged in court. This will include $100 million in cuts to the in-home services program. When you're rich and lose money on a leveraged investment, you are a victim of the bad economy and deserve to be bailed out; when you're poor and lose money on a risky investment, you're a financially incompetent yahoo who chases get-rich-quick schemes.
Ted Rudow III, MA
Palo Alto

The root of the problem

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Modern world drug
Friday, July 15, 2011
Dear Editor,
The root of the problem is the same as it has been for centuries - credit, which leads to debt that spirals into ever greater debt. Then those who are lenders gamble that they can make more money by devising new and more lucrative ways for people to go more deeply into debt, while the people themselves gamble on what they consider a sure thing - just what they need to pay off their debts, or set themselves up for retirement, or finance their lifestyles, etc.Credit has become the drug of choice of the modern world, far more widespread than any other. Some individuals, companies and governments must have their fix for they are addicted to it, and the withdrawal symptoms are too painful to endure. Life without credit means no future debt is possible, and often their present debt is so large and overwhelming that they cannot go on without another credit fix.Ted Rudow III, MAPalo Alto, CaliforniaUSATedr77@aol.comRead more: http://www.jamaicaobserver.com/letters/Modern-world-drug_9219649#ixzz1SBwkxhmS

Thursday, July 14, 2011

The root

http://www.indybay.org/newsitems/2011/07/14/18684743.php

The root
by Ted Rudow III, MA ( Tedr77 [at] aol.com )
Thursday Jul 14th, 2011


The root of the problem is the same as it has been for centuries: credit, which leads to debt that spirals into ever greater debt.
Then those who are lenders gamble that they can make even more money by devising new and more lucrative ways for people to go more deeply into debt, while the people themselves gamble on what they consider a sure thing, just what they need to pay off their debts, or set themselves up for retirement, or finance their lifestyles, etc.


Credit has become the drug of choice of the modern world, far more widespread than any other. Individuals, companies and governments must have their fix of it, for they are addicted to it, and the withdrawal symptoms are too painful to endure. Life without credit means no future debt is possible, and often their present debt is so large and overwhelming that they cannot go on without another credit fix.
Ted Rudow III, MA

Friday, July 08, 2011

War is hell

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War Is Hell

by Ted Rudow III Thursday, 07 July 2011
The Obama administration has reversed a longstanding U.S. policy to deny presidential condolence letters to families of soldiers who have committed suicide, saying it hopes to reduce the stigma associated with the mental health costs of war. Service member suicides have increased as some troops serve repeated tours of duty and suffer post-traumatic stress.
Roughly a fifth of troops who have served in Iraq and Afghanistan experience anxiety, depression, and other mental health problems. The rise in psychological trauma associated with the war in Iraq and Afghanistan should not surprise experts. The extent of wartime trauma is directly proportional to the type of warfare fought and the experiences encountered.
There was a report from the Veterans Department in 2010 that 30 suicides are attempted each day by Army veterans and 18 of them are successful. Studies of Vietnam veterans show that between 26 and 31 percent have experienced PTSD. This rate is understandable given that the Vietnam War combat environment included both guerilla and conventional warfare. It is arguable that the wars in Iraq and Afghanistan compare to the Vietnam War, as there is no safe place, no enemy lines, and threats surround the soldier on all sides. I work as a volunteer Counselor at the VA Hospital in Menlo Park, CA for 17 years as a musician therapist. I worked mostly with Iraqi and Vietnam Vets. War is hell and I'm thankful that Obama redress this because it’s a small relief valve of the stress that soldiers and their families are feeling.

Vets

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Latest Peninsula news
Peninsula readers' letters: July 8
From Daily News Group readers
Posted: 07/07/2011 04:15:33 PM PDT
Updated: 07/07/2011 11:45:07 PM PDT


Peninsula readers' letters: July 8
From Daily News Group readers
Posted: 07/07/2011 04:15:33 PM PDTUpdated: 07/07/2011 11:45:07 PM PDT
Traumatized vets
Dear Editor: The Obama administration has reversed a long-standing U.S. policy to deny presidential condolence letters to families of soldiers who have committed suicide, saying it hopes to reduce the stigma associated with the mental health costs of war. Service member suicides have increased as some troops serve repeated tours of duty and suffer post-traumatic stress.
Roughly a fifth of troops who have served in Iraq and Afghanistan experience anxiety, depression and other mental health problems. The rise in psychological trauma associated with the war in Iraq and Afghanistan should not surprise experts. The extent of wartime trauma is directly proportional to the type of warfare fought and the experiences encountered.
There was a report from the Department of Veterans Affairs last year that said 30 suicides are attempted each day by Army veterans, and 18 of them are successful. Studies of Vietnam veterans show that between 26 and 31 percent have experienced post-traumatic stress disorder. This rate is understandable given that the Vietnam War combat environment included both guerilla and conventional warfare. It is arguable that the wars in Iraq and Afghanistan compare to the Vietnam War, as there is no safe place or enemy lines, and threats surround soldiers on all sides. I work as a volunteer counselor at the VA Hospital in Menlo Park, 17 years as a musician therapist. I worked mostly with Iraq and Vietnam vets. War is hell and I am thankful that Obama is redressing this because it's a small relief valve of the stress that soldiers and their families are feeling.
Ted Rudow III, MA
Palo Alto

Thursday, July 07, 2011

War is hell

http://www.indybay.org/newsitems/2011/07/07/18684044.php
War is hell
by Ted Rudow III, MA ( Tedr77 [at] aol.com ) Thursday Jul 7th, 2011
The Obama administration has reversed a longstanding U.S. policy to deny presidential condolence letters to families of soldiers who have committed suicide, saying it hopes to reduce the stigma associated with the mental health costs of war. Service member suicides have increased as some troops serve repeated tours of duty and suffer post-traumatic stress. Roughly a fifth of troops who have served in Iraq and Afghanistan experience anxiety, depression, and other mental health problems. The rise in psychological trauma associated with the war in Iraq and Afghanistan should not surprise experts. The extent of wartime trauma is directly proportional to the type of warfare fought and the experiences encountered. There was a report from the Veterans Department in 2010 that 30 suicides are attempted each day by Army veterans and 18 of them are successful. Studies of Vietnam veterans show that between 26 and 31 percent have experienced PTSD. This rate is understandable given that the Vietnam War combat environment included both guerilla and conventional warfare. It is arguable that the wars in Iraq and Afghanistan compares to the Vietnam War, as there is no safe place, no enemy lines, and threats surround the soldier on all sides. I work as a volunteer Counselor at the VA Hospital in Menlo Park,CA for 17 years as a musician therapist. I worked mostly with Iraqi and Vietnam Vets. War is hell and I'm thankful that Obama redress this because it’s a small relief valve of the stress that soldiers and their families are feeling.
Ted Rudow III, MA

Wednesday, July 06, 2011

The News Today

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When you’re rich
Ted Rudow III, MA, Encina Ave, Palo Alto, CA California Democrats closed the remainder of what had been a gaping budget deficit by relying on a combination of deep spending cuts, optimistic revenue projections and new fees that are sure to be challenged in court. The cuts will be triggered during the middle of the year if tax revenue falls short of assumptions. This will include $100 million to the in-home services program. They already cut services 12% this year. Nursing homes cost five times as much per In-Home Supportive Service (IHSS) client. The number of skilled-nursing-center beds has dwindled through the years as IHSS’ success has grown at helping the elderly continue living independently.When you’re rich and lose money on a leveraged investment, you are a victim of the bad economy and deserve to be bailed out. When you’re poor and lose money on a risky investment, you’re a financially incompetent person who chases get-rich-quick schemes.

PPJC

TONIGHT!
Peninsula Peace and Justice Center Presents

PPJC's Award-Winning Monthly TV Program and Public Forum
Shining a Light on War and Occupation: The Case ofBRADLEY MANNING
A conversation withJeff PatersonBradley Manning Support NetworkProject Director, Courage to Resist
Bradley Manning, a 23-year-old US Army intelligence analyst, is accused of revealing a video of the killing of civilians—including two Reuters journalists—by a US helicopter in Baghdad, Iraq, to the Wikileaks website. He is also charged with blowing the whistle on the Afghan War Diary, the Iraq War Logs, and revealing US diplomatic cables. In short, he’s been charged with telling us the truth.
The video and documents have illuminated the true number and cause of civilian casualties in Iraq and Afghanistan, human rights abuses by U.S.-funded contractors and foreign militaries, and the role that spying and bribes play in international diplomacy.
Never before in U.S. history has someone been charged with “Aiding the enemy through indirect means” by making information public.
In August 1990, Marine artilleryman Corporal Jeff Paterson became the first of many US military personnel to refuse to fight in Iraq. Today, Jeff is the project director of Courage to Resist, an Oakland-based organization dedicated to supporting GI war resisters and conscientious objectors, and helps lead the campaign to support accused WikiLeaks whistle-blower Army PFC Bradley Manning. See: Bradley Manning Support Network & Courage to Resist
I phoned up and my background as I turn from a scholarship to West Point in 1970 to active role peace. I said it was related to the Pentagon Papers in scope.
The Pentagon Papers, officially titled United States – Vietnam Relations, 1945–1967: A Study Prepared by the Department of Defense, is a United States Department of Defense history of the United States' political-military involvement in Vietnam from 1945 to 1967. The papers were first brought to the attention of the public on the front page of the New York Times in 1971.

Tuesday, July 5, 7:00 PMCommunity Media Center900 San Antonio Road, Palo AltoFree and open to all. Wheelchair accessible.Simultaneous live broadcast on cable TV channel 27.Simultaneous live webcast on the Community Media Center webpage. Select channel 27. Be a part of the studio audience!
You are always an important part of each program as we turn to our in-studio audience and viewers at home for questions and comments. Home viewers can call 650-856-1491 to participate. Other Voices TV can be seen live at 7:00 PM on the first Tuesday of each month on mid-Peninsula cable channel 27. The program is also streamed live on the internet (select channel 27).
On demand video streaming is available on our website beginning two days after the initial broadcast.
The current program is rebroadcast throughout the month on cable channel 27 (an internet webcast can also be seen at these times):Tuesdays 7:00 PMWednesdays 2:00 AM & 10:00 AMThursdays 11:00 PMFridays 6:00 AM & 2:00 PMSaturdays 4:00 PM

Sunday, July 03, 2011

Bangladesh Daily Star

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When you're rich
Ted Rudow III, MA, Encina Ave, Palo Alto, CACalifornia Democrats closed the remainder of what had been a gaping budget deficit by relying on a combination of deep spending cuts, optimistic revenue projections and new fees that are sure to be challenged in court. The...READ FULL ARTICLE title: 'When youre rich - Silobreaker', link_style: 'button' There are no more reports on this story yet.

When you're rich

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Ted Rudow III, MA, Encina Ave, Palo Alto, CA California
Democrats closed the remainder of what had been a gaping budget deficit by relying on a combination of deep spending cuts, optimistic revenue projections and new fees that are sure to be challenged in court. The cuts will be triggered during the middle of the year if tax revenue falls short of assumptions.
This will include $100 million to the in-home services program. They already cut services 12% this year. Nursing homes cost five times as much per In-Home Supportive Service (IHSS) client. The number of skilled-nursing-center beds has dwindled through the years as IHSS' success has grown at helping the elderly continue living independently.
When you're rich and lose money on a leveraged investment, you are a victim of the bad economy and deserve to be bailed out. When you're poor and lose money on a risky investment, you're a financially incompetent person who chases get-rich-quick schemes.