Keeping Company with a Book
16 hours ago
is the blog of an Orthodox Christian and is published under the spiritual patronage of St. John of San Francisco. Topics likely to be discussed include matters relating to Orthodoxy as well as other religious confessions, politics, economics, social issues, current events or anything else which interests me. © 2006-2026
SAN BERNARDINO, Calif. (AP) - As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen that route.Read the rest here.
The past two weeks have changed that, as the fiscal struggles faced by many American cities became too much for some to bear. San Bernardino became the third California city in that small span to choose Chapter 9 bankruptcy protection with a City Council vote on Tuesday night.
The Southern California city of about 210,000 people will also become the second largest in the nation ever to file for bankruptcy. Stockton, the Northern California city of nearly 300,000, became the biggest when it filed for Chapter 9 on June 28. The much smaller city of Mammoth Lakes voted for bankruptcy July 3.
San Bernardino's City Council directed the city attorney to make the move during a meeting in which administrators explained the dire fiscal circumstances and urged them to choose the bankruptcy option.
HOUSTON — Less than four years after President Obama swept into the White House with the overwhelming support of the black community, Mitt Romney appeared on Wednesday before the National Association for the Advancement of Colored People with a bold claim: “If you want a president who will make things better in the African-American community, you are looking at him,” Mr. Romney said.Read the rest here.
His assertion was met with cackles and boos — as well as some tepid applause — and was emblematic of his entire speech, in which he tried to appeal to the African-American community, while still offering some tough medicine and policy prescriptions unpopular with the group.
"When the facts are against you, argue the law. When the law is against you, argue the facts. When both the law and the facts are against you, pound on the table."Read the rest here.
This rule of thumb for lawyers has been adopted by the pro-illegal immigration crowd. The facts are against them: 11 million illegal aliens cause a host of serious problems for job seekers, for taxpayers, for public order, for national security.
Likewise, the law is against them. There's no question that immigration laws are legitimate and that every illegal immigrant knows perfectly well that he is breaking American law.
What's left? Pound on the table, demanding that illegal aliens be referred to in ways that obscure their illegality, such as "undocumented worker" or simply "immigrant." "Unauthorized worker" is less deceitful, but still evades the basic fact of illegality.
I once met Rep. Jesse Jackson Jr. at a restaurant in D.C., where he was entertaining a table of genial conservative lobbyists and hatchet men. All assured me that he was a decent sort — and in those brief interactions, he appeared to be — willing to work with the other side, and considerably more moderate than his father, the Rev. Jesse Jackson. One can make a reasonable case that his moderation is one of tone — he’s a committed liberal but one with little time for clenched-fist radicalism. But as Sylvester Monroe argued in The Root in 2010, Jackson’s tenure in politics has been seriously hampered anyway, his effectiveness as a legislator compromised by mounting scandals.Read the rest here.
Because he has a lower profile than his father, few people outside his district noticed when, last month, Jackson took leave from his seat for “exhaustion”— that resilient little euphemism that typically obscures something embarrassing or sinister. Jackson’s office updated his status a few weeks ago, with an equally opaque message claiming that the representative has “grappled with certain physical and emotional ailments privately for a long period of time.” The plot thickened.
Now we are two weeks out since the last update-that-didn’t-really-update, and even Jackson’s fellow Democrats are losing patience. Illinois Sen. Dick Durbin urged Jackson to update his constituents “soon” and explain “the physical condition he’s struggling with,” even though it’s not clear that if the missing congressman is suffering from something “physical.”
Nearly one-fourth of financial services professionals feel it’s at least sometimes necessary to do illegal or unethical things to be successful, and many are motivated to do so by fat bonuses and other compensation.Read the rest here.
That’s according to a new survey of 500 U.S. and British fund managers, bankers, asset managers and other financial services professionals. It was conducted in June on behalf of the law firm Labaton Sucharow, which specializes in whistleblower cases.
Twenty-four percent of respondents said if you work in financial services you must at times engage in unethical or illegal activity to be successful.
Unions representing civil servants in the city of Scranton, Pa., are girding for battle after the mayor announced recently that he would be cutting pay for police, firefighters, garbage collectors and other public workers to minimum wage.Read the rest here.
The unions' attorney, Thomas Jennings, told the Scranton Times-Tribune Tuesday that they would be filing a lawsuit against Mayor Chris Doherty in federal court under the Fair Labor Standards Act accusing the city of failing to pay wages on time and failing to pay overtime.
The lawsuit will be among several legal actions the unions may take after Doherty made the announcement last Friday that the city's 398 workers would be paid $7.25 an hour because the city was running out of money.
The Times-Tribune, quoting City Business Manager Ryan McGowan, reported that as of Monday the city had $133,000 in cash, but owed $3.4 million in vendor bills. One of those bills was health insurance, McGowan said.
According to several reports in the Arabic media, prominent Muslim clerics have begun to call for the demolition of Egypt's Great Pyramids--or, in the words of Saudi Sheikh Ali bin Said al-Rabi'i, those "symbols of paganism," which Egypt's Salafi party has long planned to cover with wax. Most recently, Bahrain's "Sheikh of Sunni Sheikhs" and President of National Unity, Abd al-Latif al-Mahmoud, called on Egypt's new president, Muhammad Morsi, to "destroy the Pyramids and accomplish what the Sahabi Amr bin al-As could not."Read the rest here.
This is a reference to the Muslim Prophet Muhammad's companion, Amr bin al-As and his Arabian tribesmen, who invaded and conquered Egypt circa 641. Under al-As and subsequent Muslim rule, many Egyptian antiquities were destroyed as relics of infidelity. While most Western academics argue otherwise, according to early Muslim writers, the great Library of Alexandria itself--deemed a repository of pagan knowledge contradicting the Koran--was destroyed under bin al-As's reign and in compliance with Caliph Omar's command.
China is on the cusp of a deflationary vortex.Read the rest here.
This was signalled late last year by the sharpest contraction in the (real) M1 money supply since modern records began. The hard data is now confirming the warnings.
Consumer prices have been falling for the last three months, producer prices have been falling for four months. This is not a food cost story. It is systemic.
"While an economy-wide generalized deflation is yet to be seen, the deflationary spiral looks to have started in some industrial sectors, attesting to considerable stress with the economy. Persistent deflation can be poisonous," said Xianfang Ren from IHS Global Insight in Beijing.
Indeed it can be poisonous, and China already has the twin-afflictions of the deflation malaise: a fast aging nation, and a surfeit of factories and industrial plant.
Meanwhile, Japanese machine tool orders fell 14.8pc in May, the biggest drop since 2001 – when Japan’s deflation began in earnest. The post-Fukushima reconstruction boom has run its course. Asia is turning stone cold.
The Obama administration has faced a difficult choice: Does it put off the fiscal crisis looming at the end of the year by capitulating to Republican demands to extend all the Bush tax cuts until 2013 — a move that would infuriate the Democratic base and muddle the campaign’s message? Or does it stand and fight on fiscal policy, even if that means increasing the chance that markets panic in the most crucial months for the president’s reelection bid?Read the rest here.
On Monday, President Obama chose door No. 2, proposing a one-year extension of the Bush tax cuts for families making less than $250,000 and, through his press secretary Jay Carney, promising to veto any effort to “extend tax cuts for the wealthiest Americans.” It’s a strategic decision that could have a tremendous effect on the economy — and thus on the president’s chances in the fall.
AUSTIN, Texas -- A federal judge handed Lance Armstrong a quick setback Monday as he went to court to save his seven Tour de France titles and his reputation as one of the greatest cyclists ever.Read the rest here.
Armstrong filed a lawsuit aimed at preventing the U.S. Anti-Doping Agency from moving ahead with charges that he used performance-enhancing drugs throughout much of his long career.
But within hours, U.S. District Court Judge Sam Sparks dismissed the 80-page complaint. He said it seemed more intended to whip up public opinion in Armstrong's favor that focus on the legal argument.
SYOSSET, NY [OCA]
In a letter addressed to the members of the Holy Synod of Bishops dated Friday, July 6, 2012, His Beatitude, Metropolitan Jonah tendered his resignation as Primate of the Orthodox Church in America.
His Beatitude composed and signed the letter at his residence in Washington, DC, in the presence of Archpriest John Jillions, OCA Chancellor.
On Saturday, July 7, the letter was presented to the Holy Synod in the course of a conference call in which all of the hierarchs participated, except His Eminence, Archbishop Alejo of Mexico City.
The text of His Beatitude’s letter reads as follows.
“To the Holy Synod of the Orthodox Church in America,The hierarchs again will meet via conference call on Monday, July 9, after which additional information will be made available.
“Brothers,
“As per your unanimous request, as conveyed to me by Chancellor Fr. John Jillions, I hereby tender my resignation as Primate of the Orthodox Church in America, and humbly request another Episcopal assignment.
“I had come to the realization long ago that that I have neither the personality nor the temperament for the position of Primate, a position I never sought nor desired.
“It is my hope that due consideration will be made for my financial situation, both in any interim and in consideration for any future position. I am the main financial support for both my parents and my sister, beyond my own needs.
“I will appreciate your consideration in this, and beg forgiveness for however I have offended you, and for whatever difficulties have arisen from my own inadequacies and mistakes in judgment.
“Asking your prayers, I remain faithfully yours,
“Metropolitan Jonah, Archbishop of Washington”
THROUGHOUT THE Cold War, the United States kept land-based missiles with nuclear warheads on alert and ready to launch in three to four minutes after the president gave the order. Every president of the missile age was briefed about the procedure: In the event of an impending attack, the decision to launch would have to be made in 13 minutes or less. The theory of deterrence was that the United States had to threaten certain and large-scale retaliation against the Soviet Union, and that meant being prepared to shoot fast.Read the rest here.
When new presidents were briefed about how it worked, they found it unthinkable. “And we call ourselves the human race,” John F. Kennedy is said to have commented. Not the least of their worries was the prospect of incomplete or faulty warning — a bad signal from a satellite, perhaps, or a missile launched by accident or by rogue actors. There was never a real missile attack during the superpower arms race, but there were serious false alarms.
What started out as a joke 35 years ago ended with a Massachusetts man paying off his mortgage using 62,000 pennies. "I've never saved anything other than pennies. And it started out as a whim. You know, a penny for the mortgage," Thomas Daigle told NBC affiliate WHDH-TV of Boston.From here.
Daigle, from Milford, Mass., recalled how, after signing the mortgage papers 35 years ago, he found a penny on the ground. He and his wife then joked about collecting pennies to pay off the loan -- and the rest is history.
Over the next 35 years, Daigle would roll pennies, 50 cents at a time. His bank found out the hard way just how much work that was -- it reportedly took tellers two days to unroll the penny cases.
If only I’d known what I was getting myself into.Read the rest here.
It was early April when my 29-year-old son, who lives in Boston, told me that he and five friends were planning a trip to Russia this summer and asked if I’d go to the consulate in Washington to apply for their visas.
Russia has five consulates in the United States — in New York, Washington, San Francisco, Seattle and Houston — and they don’t accept mail or electronic visa applications from residents of the continental United States. They require each would-be visitor to fill out an application online, print out a copy and have someone (not necessarily the applicant himself) hand-deliver it.
Checking the Russian Embassy Web site, I learned that as of April 10, the visa processing duties would be transferred from the consulate to a contractor called Invisa Logistics Service (ILS), which would charge $30 per application on top of the consulate’s $140 fee for processing, which was supposed to take about two weeks, or one week with rush service (for an extra payment, of course).