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April 28, 2009

Day 99: GOP Senator Arlen Specter To Switch Parties And Run As Democrat in 2010!

In the past several weeks Ed Rendell has said that he has spoken with Republican Senator Arlen Specter and tried to convince him to switch parties to no avail.  Specter is one of the most senior GOP members and has been an elected Republican since 1966 and would have been up for a really tough re-election in 2010.

“We’ve tried,” said Rendell. “Myself, Senator Casey, Vice President Biden have tried to talk him into it, but he’s bound and determined to stay a Republican.”

Today, Arlen Specter has announced his decision to switch parties and run as a Democrat from Pennsylvania in 2010.  Specter has said recently that he feels the Republican Party has left him by going too far right.

It seems that the Democrats will get 60 votes in the Senate once Al Franken is certified and if Specter wins in 2010.

Will other GOP Senators defect from the Republican Party?  Will Olympia Snow (R-Maine) and Susan Collins (R-Maine) defect from the GOP? 

Is this a confirmation that President Obama is reaching out to Republicans and realigning politics in DC just like Reagan did in the 1980s?

Watch Rendell’s March interview:

 

 

“TRUTH” Comes To Washington, DC!

sojourner-truth-abe-lincoln  Today, First Lady Michelle Obama will help unveil a bronze bust of Sojourner Truth, a former slave and women’s rights activist.  This will be the first sculpture of a black woman in the U.S. Capitol. The ceremony will take place in Emancipation Hall at the newly opened Capitol Visitor Center at 11am EST.

Makayla Gray McLiechey, a 10-year-old from Grand Rapids, Michigan is a descendant of Sojourner Truth. When interviewed she said, “When anyone comes to me and says, ‘Aren’t you Sojourner Truth’s eighth-generation grandchild?’ That just tickles me,” McLiechey said. “… I feel so happy inside that I am a part of history and the making of Sojourner Truth history.”

McLiechey is one of eight Truth descendants from Battle Creek and Grand Rapids who left for Washington D.C. on Saturday night where they will take part in an unveiling ceremony of a bust of Truth at Emancipation Hall in the U.S. Capitol building today.

“This is something we probably never dreamed would happen. We couldn’t be any prouder,” said Burl McLiechey, a sixth-generation Truth descendant.

The $3.2 million bust will make history as the first memorial bust of a black woman to be placed in the Capitol. The project was spearheaded by the National Congress of Black Women, Inc. and took nearly 10 years to complete.

Dorothy Height helped raise $4,000 to contribute to the bust through the Dollars for Truth Campaign, which began two years ago.

Height also arranged for the local descendants of Truth to attend the ceremony. In a tribute to history, they are bringing a Bible signed by themselves and more than 300 Battle Creek residents to present to President Barack Obama. Thomas McLiechey said the gesture is reminiscent of when Truth presented Abraham Lincoln with a bible during his Presidency.

The campaign to memorialize Truth in the nation’s Capitol began more than a decade ago. A self-educated abolitionist who changed her name from Isabella Baumfree, Truth played a large role in the women’s suffrage movement and in 1851 delivered the famous “Ain’t I a Woman?” speech at a women’s rights convention in Ohio.

Truth, who died in 1883, encompassed all aspects of a truly free woman. She personified women’s rights, equal rights, struggling and understanding.

E. Faye Williams, chairwoman of the nonprofit National Congress of Black Women, which commissioned the work, said many believed that Truth should stand alongside women’s rights figures Susan B. Anthony, Elizabeth Cady Stanton and Lucretia Mott in a portrait monument that was placed in the Capitol Rotunda in 1997. 

However Congressional legislation to include Truth in that group failed but Congress approved a bill in 2006 to memorialize the black suffragist in a stand-alone sculpture.

E. Faye Williams said that Artis Lane was the first choice to produce the work.

Frank Sinatra’s family purchased her portrait of President Kennedy, Rosa Parks asked her to design her congressional Gold Medal, President Clinton bought her painting of Hillary and Artis Lane’s sculptures and paintings are in the private collections of Oprah Winfrey, Maya Angelou and Nelson Mandela. She has also created works for Michael Jordan, Quincy Jones and Armand Hammer. (more…)

Bank of American and Citibank — More Capital Please!

The Federal Reserve conducted stress tests on 19 of the nation’s biggest banks, their aim was to determine which banks are healthy enough to survive another financial shock and which may need additional government support.

Based on the results of the stress tests government regulators have told Bank of America Corp. and Citigroup Inc that they need to get their capital reserves together! The capital shortfall at BoA is believed to be in the BILLIONS.

It sounds to me as if executives at BoA and Citi are still in denial and don’t believe that the stress tests are correct since they have objected to the findings and are planning to respond with “detailed rebuttals” that will show that they do not need to have more capital if they have  another financial meltdown. 

Government officials did say that even though BoA and Citi are being told to raise more capital — they shouldn’t be viewed as insolvent — they just need to shore up their assets and make sure that they are in excellent financial order — not just mediocre financial order.

The additional capital is intended to cushion the banks against potential future losses should economic conditions worsen.  Federal officials have also reiterated in the report that they won’t allow any of the top 19 banks to fail.

It is also believed that regional banks with large commercial real estate loan portfolios such as Wells Fargo, Fifth Third Bancorp and Regions Financial Corp may have also performed poorly on the stress tests and are likely to need additional capital as well.

(more…)

April 24, 2009

Should Credit Card Rates Freeze?

credit-cards  While President Obama met with executives from the leading credit card companies yesterday two senators have called on the Federal Reserve to immediately implement an emergency freeze on interest rates tied to existing balances on credit cards.

The Federal Reserve plans to put a new set of rules in effect for credit card lending beginning July 2010 but that’s an entire year from now.

In the meantime Senators Chris Dodd (D-CT) and Chuck Schumer (D-NY) wrote a letter to the Federal Reserve Chairman Ben Bernanke and other regulators saying that companies are increasing interest rates now before the new rules go into effect so Americans need help now.

“Consumers describe situations to our offices in which the interest rates on their accounts have doubled or tripled overnight, without any misconduct on their part,” the letter says. “This kind of practice clearly violates the spirit and intention of the rules, even if the delayed implementation date has the effect of making such behavior legal.”

Congress is currently developing legislation that will rearrange and organize the Fed’s new rules but they still have a way to go.

After meeting with 14 executives from companies like Bank of America, Wells Fargo and Visa, President Obama said that his administration would work with Congress to evaluate proposals for reform.

“We’re at a time where issues of credit and how businesses and families are able to finance everything from a car loan to a student loan to just paying their bills every day is on a lot of people’s minds,” President Obama said. “We want to preserve the credit card market, but we also want to do so in a way that eliminates some of the abuses and some of the problems that a lot of people are familiar with.”

The card executives at agreed to work with the Obama administration to address the President’s concerns according to the American Bankers Association, and are currently working to implement the Federal Reserves’ new rules.

(more…)

April 23, 2009

Condoleezza Rice and Dick Cheney Irrevocably Linked To Water-boarding

waterboarding  A Senate Intelligence Committee document has revealed that when Condoleezza Rice was Bush’s National Security Adviser she personally verbally approved the CIA’s request to use water-boarding to subject alleged al-Qaida terrorist Abu Zubaydah to water-boarding in July 2002.  This is the earliest known decision by a Bush administration official to approve use of water-boarding. 

The report gives a detailed timeline of how the CIA’s violent “enhanced interrogation” techniques was conceived and approved at the highest levels in the Bush White House.  The timeline also shows that Rice played a greater role than she admitted last fall in written testimony to the Senate Armed Services Committee.

While there have long been suspicions that the White House was involved in the decision, the actions have until now been blamed on the CIA and unnamed officials at the Pentagon.

The report describes a meeting between Dick Cheney, then-CIA Director George Tenet and Dr. Rice in July 2002. The Secretary of State “advised that the CIA could proceed with its proposed interrogation” of alleged al-Qaeda terrorist Abu Zubaydah, the report said.

In 2003, the CIA briefed Dr. Rice, Dick Cheney and John Ashcroft — the then Attorney General — on the use of water-boarding and other methods including week-long sleep deprivation, forced nudity and the use of stress positions. The Senate report says that officials “reaffirmed that the CIA program was lawful and reflected administration policy”.

CIA memos released by President Obama’s administration last week revealed that Mr. Zubaydah was water-boarded at least 83 times in the course of one month and Khalid Sheikh Mohammad who claimed to have planned the September 11 attacks was water-boarded183 times in one month.

Experts have said that water-boarding is so horrific that even the most hardened terrorists have not been able to stand it for more than a minute without begging to talk.

(more…)

April 22, 2009

April 22: Happy Earth Day!

earth-day-logo1

Indoor air is often more polluted than outdoor air. Toxins like radon, carbon monoxide, mold, and gasoline shuffled in on shoes are all guilty culprits.

But an unbelievable fact is that “cleaning products” are amongst the worst toxins! According to the Clean Water Fund, the average U.S. household uses 40 pounds of harmful cleaning products each year which can cause allergies, headaches and more!

Ironically, cleaning products aren’t required to disclose their ingredients, but those big, bold “danger”, “warning” and “caution” labels might say enough. To be safe, it’s best to switch to eco-friendly cleaning products. Thanks to the boom in “green” living, there are now a number of great products on the market. Here are a few:

earth-day-bon-ami Bon Ami, an earth friendly cleaning powder and polishing powder, is celebrating its 120th year anniversary. The polishing cleanser, which works magic on stove tops, is made from calcite & feldspar mineral abrasives, and biodegradable detergent. It does not contain chlorine, perfume, or dye. The cleaning powder, which will make your tub sparkle, is recommended by allergists because it is gentle. This product is safe to use almost everywhere in your home.

earth-dat-ecover-glass-cleaner  Ecover, founded in Belgium in 1980, makes its earth-friendly cleaning products in a factory with a grass roof for insulation, wooden beams from a sustainable forest, and bricks made from coal mine waste. This glass and surface cleaner has a light floral scent and leaves mirrors completely streak free and clean of residue.

earth-day-7th-gen-shower-cleaner  Seventh Generation Natural Green Mandarin and Leaf Shower Cleaner has real mandarin and spearmint essential oils that masks the odor of hydrogen peroxide — a safe bacteria and fungus killing agent — that also removes stains and impressively whitens bathtubs. (more…)

April 21, 2009

Road Safety: Aggressive Driving Serious Concern

driving-too-fast1  

When I lived in New York City because I didn’t have to drive much I didn’t really give a hoot about drivers’ aggressive behavior. Now that I have to drive amongst some of the youngest least experienced drivers and some of the oldest inept drivers I pay A LOT of attention to road safety.

According to a survey and analysis research released today by the AAA Foundation for Traffic Safety, they interviewed of 2,509 adults and found that most motorists in the USA — 78% — call aggressive driving a serious concern yet nearly half admit speeding on major highways in the past 30 days.  Drivers also confessed to recently speeding on residential streetswhich is a HUGE pet peeve of mine — speeding up to beat yellow lights, honking at other drivers and tailgating. 

The automobile club says this reflects the “do as I say, not as I do” attitude of American drivers.

Peter Kissinger, president and CEO of the foundation said that vehicular crashes kill someone every 13 minutes and that aggressive driving is a factor in 56% of all fatal crashes. 

Aggressive driving, the National Highway Traffic Safety Administration says, occurs when “an individual commits a combination of moving traffic offenses so as to endanger other persons or property.” These often include speeding, tailgating, improperly changing lanes, failing to yield the right of way, improper passing and running red lights.

Amanda Cooke, 21, a computer teacher in Running Springs, Calif., says she used to drive so aggressively that her boyfriend was afraid to ride with her. “I’d cut people off to get into the lane I wanted to get in,” she says. “I’d tailgate them if they were going too slow or blink my lights if it was night.” Cooke says she stopped driving that way after crashing into another driver. “I didn’t think it was as risky as it was,” she says.

avoid-texting-while-driving  Driving while speaking on cell phones and driving while texting is not mentioned in this report but I see folks swerving from lane to lane while talking or texting every minute I’m driving, which is very dangerous.

Folks, I bring this to your attention to remind you to be less aggressive and more focused on the road when driving.

texting-rip 

Drive safely!

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