Wednesday, October 27, 2010

foreclosure list

In another edition of what digby says, check out this list a reader sent her that she posted today.




A lot of people are trying to say that all politicians are the same, that your vote doesn't matter. Well, let's look at the evidence. In the last month, here are some news stories about politicians.



Democrat Alan Grayson Calls for Foreclosure Moratorium

Democrat Ohio Secretary of State Attacks Foreclosure Fraud

President Obama Pocket Vetos Pro-Bank Bill That Would Increase Foreclosures

Democrat Harry Reid Calls for Foreclosure Moratorium

Democrat Nancy Pelosi, California Democrats Calls for Investigations of Foreclosure Fraud

Democrat John Conyers and Carolyn Kilpatrick Call for Foreclosure Freeze

Democrat Ohio Attorney General Attacks Foreclosure Fraud, Sues GMAC

Democrat Illinois Attorney General Asks for Foreclosure Halt in Illinois

Democrat Maxine Waters Calls for a Foreclosure Freeze

Democrats Alan Grayson, Barney Frank, and Corrine Brown Call for Fannie to Stop Working with Foreclosure 'Mills' Being Investigated for Fraud

Democrat Earl Blumenaur Asks for a Foreclosure Freeze in Oregon

Democrat Jeff Merkley Calls for a Special Investigator for Foreclosure Fraud

Democrats Luis Gutierrez and Dennis Moore Call for Investigations of Bailout Recipients Engaging in Foreclosure Fraud

Democrat Attorney General in California Asks for Foreclosure Halt

Democrat Attorney General in Massachusetts Asks for Foreclosure Halt

And on and on and on....

Notice a pattern here?  If not, let me give you another hint.

Republican Richard Shelby Tries to Weaken Rules, Kicks Regulators



I wonder why banks and corporations are spending $5 billion on this election, nearly all of that for Republicans.



Save your home. Vote Democratic.



Add to that list Merkley, Wyden Call on JP Morgan Chase and Ally Financial to Halt Foreclosures in All States. That's as clear a case as you're going to get.






I was thinking the exact same thing. I hope there are lots of lawyers-in-process in the law schools, ‘cuz something tells me there’s gonna be a need. OTOH, wouldn’t this be the exactly time that the Tan Man, if he becomes Speaker, will chose to put tort reform high on the agenda of the US Senate. BTW, here’s a hint for some folks less familiar with Title insurance. The back page of many documents is a list of exceptions to your Title committment. Look it over carefully before you sign for that new house. It may give you some clues in regard to possible problems.


But what I really wanted to mention is that Affidavits of all sorts have been used and abused for years, and many people have no real feel for their importance. For instance, when I was in my very early twenties and had purchased my first home with my husband (at the time), I used to receive an Affidavit with some information on it in regard to a mortgage exemption. The instruction I got from my mortgage company, who was the servicer of my loan (I lived in IN at the time), was for both parties to sign in the appropriate place and return it by such and such a date in a self-addressed, stamped envelop which they provided. They would then notarize the document in their office and send it on to the Assessor’s office to file the yearly mortgage exemption. I was young and didn’t know any better; just did what I was instructed and figured this was done as a courtesy and was for my benefit. Today I recognize this whole thing as a “victimless” crime, but a glitch all the same. I think eventually the legislature changed the yearly filing requirement to file it once and when the mortgage is paid, the exemption is cancelled. Same thing if the property is sold.


Years later, I worked for the University on a program testing the viability of a Guaranteed Wage for the Federal Government (It was a Nixon social experiment done to see about changing the Welfare or ADC system.) The idea was that about (I think)twenty six hundred families were selected for the program. Each family would complete “Income Report Forms” in detail, and they would receive a check each month based on the income information provided. I believe at the end of the year they also had to provide their income tax forms for all wage earners to make sure that everything pretty much matched. If they didn’t file taxes, they were instructed to sign an Affidavit that we sent to them along with a self-addressed, stamped envelope. They were informed that we would have them notarized in our office. One year I remember that some of the families were slow at providing the tax info, and their checks were not based on the tax info anyway, so they got lax. To provide the lacking incentive to comply, the university bosses of the program, all economists and some working on their doctorate with this program, decided to threaten to withhold the families’ checks if they didn’t return their tax forms. Well, our office was the one that withheld the checks and caught most of the flack for it when respondents complained. However, we were unaware that what we asked them to do was patently illegal. We were informed of that when one of the respondents who worked in city hall and knew about Affidavits and Notaries, and laws and such, told us that she would sue if we continued to try to coerce folks in that illegal a manner. Needless to say, once the chief economist heard about the kerfuffle, he said to send out the remaining checks immediately. This was the first time I had seen my boss, a very dynamic 5’1″ fellow, assemble all his bosses in his office, and in his best bellow read them the riot act! Well, they accepted the chewing out because they knew he was right and because it was “Don”, who had worked his way up in the hierarchy just based on his knowledge and determination and exceptional judgment and inventive problem solving ways that made him utterly indispensable. He was undoubtedly the heart that of the program and what made everything else go smoothly. I do remember his immediate supervisor reluctantly saying, “Well okay, Don, but you don’t have to yell!” To which he replied, “Yes I do, because this is my office and that’s the way I do business.” He could be heard throughout the building, but I’m pretty sure his bosses did not hear all of us snickering and cracking up in our offices. But that was my lesson in the importance of Affidavits.




ABC <b>News</b> airs big exposé on BMW N54 engine problems, lawsuits [w <b>...</b>

ABC News investigates BMW fuel pump problems – Click above to watch video after the jump ABC News has cottoned on to the story that BMW.

Arrowheadlines: Chiefs <b>News</b> 10/27 - Arrowhead Pride

Good morning Chiefs fans! There's some interesting Kansas City Chiefs news today. A great piece from Cory Greenwood's hometown newspaper, and more on Chambers' playing time start us off. Enjoy.

Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>

Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...


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bench craft company complaints

NEW BUFFALO GROVE LISTING: Dining Room by ahausexpert


ABC <b>News</b> airs big exposé on BMW N54 engine problems, lawsuits [w <b>...</b>

ABC News investigates BMW fuel pump problems – Click above to watch video after the jump ABC News has cottoned on to the story that BMW.

Arrowheadlines: Chiefs <b>News</b> 10/27 - Arrowhead Pride

Good morning Chiefs fans! There's some interesting Kansas City Chiefs news today. A great piece from Cory Greenwood's hometown newspaper, and more on Chambers' playing time start us off. Enjoy.

Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>

Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...


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In another edition of what digby says, check out this list a reader sent her that she posted today.




A lot of people are trying to say that all politicians are the same, that your vote doesn't matter. Well, let's look at the evidence. In the last month, here are some news stories about politicians.



Democrat Alan Grayson Calls for Foreclosure Moratorium

Democrat Ohio Secretary of State Attacks Foreclosure Fraud

President Obama Pocket Vetos Pro-Bank Bill That Would Increase Foreclosures

Democrat Harry Reid Calls for Foreclosure Moratorium

Democrat Nancy Pelosi, California Democrats Calls for Investigations of Foreclosure Fraud

Democrat John Conyers and Carolyn Kilpatrick Call for Foreclosure Freeze

Democrat Ohio Attorney General Attacks Foreclosure Fraud, Sues GMAC

Democrat Illinois Attorney General Asks for Foreclosure Halt in Illinois

Democrat Maxine Waters Calls for a Foreclosure Freeze

Democrats Alan Grayson, Barney Frank, and Corrine Brown Call for Fannie to Stop Working with Foreclosure 'Mills' Being Investigated for Fraud

Democrat Earl Blumenaur Asks for a Foreclosure Freeze in Oregon

Democrat Jeff Merkley Calls for a Special Investigator for Foreclosure Fraud

Democrats Luis Gutierrez and Dennis Moore Call for Investigations of Bailout Recipients Engaging in Foreclosure Fraud

Democrat Attorney General in California Asks for Foreclosure Halt

Democrat Attorney General in Massachusetts Asks for Foreclosure Halt

And on and on and on....

Notice a pattern here?  If not, let me give you another hint.

Republican Richard Shelby Tries to Weaken Rules, Kicks Regulators



I wonder why banks and corporations are spending $5 billion on this election, nearly all of that for Republicans.



Save your home. Vote Democratic.



Add to that list Merkley, Wyden Call on JP Morgan Chase and Ally Financial to Halt Foreclosures in All States. That's as clear a case as you're going to get.






I was thinking the exact same thing. I hope there are lots of lawyers-in-process in the law schools, ‘cuz something tells me there’s gonna be a need. OTOH, wouldn’t this be the exactly time that the Tan Man, if he becomes Speaker, will chose to put tort reform high on the agenda of the US Senate. BTW, here’s a hint for some folks less familiar with Title insurance. The back page of many documents is a list of exceptions to your Title committment. Look it over carefully before you sign for that new house. It may give you some clues in regard to possible problems.


But what I really wanted to mention is that Affidavits of all sorts have been used and abused for years, and many people have no real feel for their importance. For instance, when I was in my very early twenties and had purchased my first home with my husband (at the time), I used to receive an Affidavit with some information on it in regard to a mortgage exemption. The instruction I got from my mortgage company, who was the servicer of my loan (I lived in IN at the time), was for both parties to sign in the appropriate place and return it by such and such a date in a self-addressed, stamped envelop which they provided. They would then notarize the document in their office and send it on to the Assessor’s office to file the yearly mortgage exemption. I was young and didn’t know any better; just did what I was instructed and figured this was done as a courtesy and was for my benefit. Today I recognize this whole thing as a “victimless” crime, but a glitch all the same. I think eventually the legislature changed the yearly filing requirement to file it once and when the mortgage is paid, the exemption is cancelled. Same thing if the property is sold.


Years later, I worked for the University on a program testing the viability of a Guaranteed Wage for the Federal Government (It was a Nixon social experiment done to see about changing the Welfare or ADC system.) The idea was that about (I think)twenty six hundred families were selected for the program. Each family would complete “Income Report Forms” in detail, and they would receive a check each month based on the income information provided. I believe at the end of the year they also had to provide their income tax forms for all wage earners to make sure that everything pretty much matched. If they didn’t file taxes, they were instructed to sign an Affidavit that we sent to them along with a self-addressed, stamped envelope. They were informed that we would have them notarized in our office. One year I remember that some of the families were slow at providing the tax info, and their checks were not based on the tax info anyway, so they got lax. To provide the lacking incentive to comply, the university bosses of the program, all economists and some working on their doctorate with this program, decided to threaten to withhold the families’ checks if they didn’t return their tax forms. Well, our office was the one that withheld the checks and caught most of the flack for it when respondents complained. However, we were unaware that what we asked them to do was patently illegal. We were informed of that when one of the respondents who worked in city hall and knew about Affidavits and Notaries, and laws and such, told us that she would sue if we continued to try to coerce folks in that illegal a manner. Needless to say, once the chief economist heard about the kerfuffle, he said to send out the remaining checks immediately. This was the first time I had seen my boss, a very dynamic 5’1″ fellow, assemble all his bosses in his office, and in his best bellow read them the riot act! Well, they accepted the chewing out because they knew he was right and because it was “Don”, who had worked his way up in the hierarchy just based on his knowledge and determination and exceptional judgment and inventive problem solving ways that made him utterly indispensable. He was undoubtedly the heart that of the program and what made everything else go smoothly. I do remember his immediate supervisor reluctantly saying, “Well okay, Don, but you don’t have to yell!” To which he replied, “Yes I do, because this is my office and that’s the way I do business.” He could be heard throughout the building, but I’m pretty sure his bosses did not hear all of us snickering and cracking up in our offices. But that was my lesson in the importance of Affidavits.




bench craft company complaints

ABC <b>News</b> airs big exposé on BMW N54 engine problems, lawsuits [w <b>...</b>

ABC News investigates BMW fuel pump problems – Click above to watch video after the jump ABC News has cottoned on to the story that BMW.

Arrowheadlines: Chiefs <b>News</b> 10/27 - Arrowhead Pride

Good morning Chiefs fans! There's some interesting Kansas City Chiefs news today. A great piece from Cory Greenwood's hometown newspaper, and more on Chambers' playing time start us off. Enjoy.

Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>

Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...


bench craft company complaints bench craft company complaints

ABC <b>News</b> airs big exposé on BMW N54 engine problems, lawsuits [w <b>...</b>

ABC News investigates BMW fuel pump problems – Click above to watch video after the jump ABC News has cottoned on to the story that BMW.

Arrowheadlines: Chiefs <b>News</b> 10/27 - Arrowhead Pride

Good morning Chiefs fans! There's some interesting Kansas City Chiefs news today. A great piece from Cory Greenwood's hometown newspaper, and more on Chambers' playing time start us off. Enjoy.

Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>

Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...


bench craft company complaints bench craft company complaints

ABC <b>News</b> airs big exposé on BMW N54 engine problems, lawsuits [w <b>...</b>

ABC News investigates BMW fuel pump problems – Click above to watch video after the jump ABC News has cottoned on to the story that BMW.

Arrowheadlines: Chiefs <b>News</b> 10/27 - Arrowhead Pride

Good morning Chiefs fans! There's some interesting Kansas City Chiefs news today. A great piece from Cory Greenwood's hometown newspaper, and more on Chambers' playing time start us off. Enjoy.

Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>

Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...


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Tuesday, October 26, 2010

Making Money With a Website



This week, we find guests on the Sunday public affairs shows making false statements about disclosure of political funds, whether a Senate candidate pushed to have terrorists tried in his home state or favored letting states ban private health insurance, and whether middle-income families would pay more if the Bush tax cuts were extended for everybody.


Rove’s Lame Claim


Republican strategist Karl Rove misled viewers of CBS’ "Face the Nation" with a false claim that labor unions aren’t disclosing where they get the millions they are spending in the 2010 elections.



Rove: Four unions alone will — will have — according to their own announcements spent $222 million in — in money on elections this year.


Host Bob Shieffer: But we know who they are.


Rove: No, no, no you don’t, Bob. Here’s the disclosure report for the — for — for one who’s going to spend 87 and a half million dollars — the American Federation of State commun– local and Community Employees. There’s their disclosure where the money has come from. That line — that one line right there. They’re going to take in $190,477,829, and that’s the extent of where you know where it’s coming from. So there’s a lot of money floating around in politics that’s not disclosed.



Rove got it wrong on several counts, including the name of the union and the time period covered. The document he held up was an annual report filed with the U.S. Department of Labor on March 26 by the American Federation of State, County and Municipal Employees. It does not say how much AFSCME is "going to take in," but rather reports the big labor union’s actual receipts for calendar year 2009. The union’s total receipts were more than Rove said — $202,503,691. The figure he pointed to is a subtotal, reported on line 37.


Most important, though, Rove was wrong to say that the source of the money is "not disclosed." In fact, it is. The very line to which he pointed — line 37 — states that the money is from the "per capita tax" that the national union places on its locals, which in turn comes from the monthly dues — amounting to 2 percent of pay — collected from more than 1.5 million AFSCME members.


The full report to which Rove referred can be found at the public disclosure site of the Labor Department. (Type in 000-289 under "file number," or search by union name.) Since the full report runs to several hundred pages, and the Labor website won’t permit us to provide a direct link, we have posted the first few summary pages and highlighted some of the pertinent entries for the convenience of readers.


Republicans and conservatives have complained for years about the use of union dues money for political purposes, saying it gives Democrats an unfair advantage. That’s a matter of opinion. But Rove is wrong to claim that there’s any mystery about the source.


Full Disclosure


Not to be outdone by Rove, two Democrats on two Sunday shows made false and misleading statements about the Disclose Act, a Democrat-backed piece of legislation calling for greater disclosure in political giving and independent expenditures. On ABC’s "This Week," Democratic National Committee Chairman Tim Kaine said:



Kaine: Every Democrat in Congress has supported the Disclose Act that would require anyone supporting any candidate to disclose.



That’s not true. Thirty-six Democrats in the House voted against the bill. It passed the House by a close 219-206 vote in June. Republicans have successfully blocked a vote in the Senate, where all Democrats did back the legislation.


The sponsor of the bill, Rep. Christopher Van Hollen of Maryland, also falsely said on "Face the Nation" that only one Republican supported the legislation. Two members of the GOP voted for it — Anh Cao of Louisiana and Michael Castle of Delaware.



Van Hollen: We had a bill in the House and the Senate, it was called the Disclose Act. It would require all these different interests whether they are left, center or right, to disclose, to tell the voters who they are, so the voters could exercise their own judgment. Every Republican, but one voted against it.



The legislation is more controversial than Kaine and Van Hollen let on. Both conservative and liberal groups opposed some of the provisions. The Disclose Act would require independent expenditures of more than $10,000 to be reported within 24 hours and the identities of those giving at least $600 to be disclosed. It also would ban political spending by government contractors (with at least a $10 million contract), recipients of funds from the Troubled Asset Relief Program, and those negotiating for oil and gas exploration in the outer continental shelf. Corporations and unions would have to disclose their top funders in political ads. The bill would exempt organizations that receive 15 percent or less of their money from corporations and unions, and that have at least 500,000 members. The House version, but not the Senate’s, exempted labor unions from reporting requirements of money transfers to affiliates.


Sestak ‘Advocated’ to Move Terror Trial to Pa.?


On "Fox News Sunday," Republican Pat Toomey cited several examples of why he considers Democratic Rep. Joe Sestak, his opponent in the Pennsylvania Senate race, an "extreme" liberal. But Toomey went too far when he discussed the controversy over whether the U.S. should try alleged 9/11 mastermind Khalid Sheikh Mohammed in a civilian or military court. Speaking of Sestak, Toomey said:



Toomey: He’s even advocated that Khalid Sheikh Mohammed, the admitted mastermind of 9/11, be given a civilian trial in Pennsylvania, which is a terrible idea.



As we have reported, Sestak is a supporter of trying Mohammed in civilian court, saying it would "show the strength of the American judicial system." But it is a stretch to say that he "advocated" holding Mohammed’s trial in Pennsylvania. Sestak has said he would accept a civilian trial for the alleged 9/11 terrorists anywhere in America, including Pennsylvania.


Fun with Committee Votes


In another instance, Toomey portrays Sestak as "extreme" because of a committee vote he cast during the health care debate.



Toomey, Oct. 24: The health care bill he voted for — and in committee he voted for a version of the bill that would have allowed states to ban all private health insurance altogether.



That’s true, but misleading. In fact, Sestak voted against an amendment that would have allowed, in Toomey’s words, "states to ban all private health insurance altogether."


Here’s what happened: Democratic Rep. Dennis Kucinich of Ohio offered an amendment to America’s Affordable Health Choices Act of 2009 on July 17, 2009, that would have given states the option of creating a single-payer health care system run by that state’s government. Sestak voted against the amendment, but surprisingly it passed 27-19 with 13 Republican votes. Sestak later voted to report the full bill out of the Committee on Education and Labor. The single-payer provision was soon stripped out of the version that passed the House, however.


So, Toomey is correct in saying that Sestak "voted for a version" of the health care bill that included a single-payer system, because the bill Sestak voted out of committee included the Kucinich amendment. But it’s simply false to imply that he favored that provision, which he’s on record as opposing.


Is Toomey the DSCC’s No. 1 Target?


In discussing why the Pennsylvania race has begun to tighten, Toomey suggested it was because of the ads being run against him by the Democratic Senatorial Campaign Committee.



Toomey, Oct. 24: You know, the other side has spent a great deal of money. The Democratic Senate Campaign Committee has spent more money attacking me than any other candidate in the country. That may very well explain part of this tightening.



It’s not quite true, however, that the DSCC is spending the most money attacking Toomey. The Pennsylvania race ranks second behind the Colorado Senate race, according to the Federal Election Commission. As of Oct. 22, the FEC database of independent expenditures shows that the DSCC has spent $6.3 million in Colorado and $5.9 million in Pennsylvania. That’s still a lot, but not the most.


Also, as we have written before, the Pennsylvania race has attracted a lot of money from outside groups on both sides. The Center for Responsive Politics shows that the two campaigns have received roughly the same amount of support from outside groups, including party committees and independent groups.


Florida Senate Debate


CNN’s "State of the Union" hosted a debate between Florida’s three Senate candidates: Gov. Charlie Crist, Rep. Kendrick Meek and Marco Rubio. We found all three making questionable or incorrect claims.


Meek, a Democrat, claimed that extending the Bush tax cuts for the most affluent Americans would mean "middle-class families throughout America have to pay $6,000 per year." But that’s not correct, and even the Meek campaign admits it.


According to President Obama’s budget proposal for the 2011 fiscal year, allowing the tax cuts to expire for the wealthiest Americans could raise $678.3 billion in revenues over 10 years. The Meek campaign divided that by 116 million, a 2007 U.S. Census Bureau estimate for U.S. households, to get almost $6,000 per family. But Meek expressed this as a "per year" cost instead of a 10-year cost. Meek’s camp said that he meant to say "over 10 years."


More important, of course, middle-income families would not pay more at all — at least not immediately. The taxes of families making less than $250,000 a year would remain the same under Obama’s proposal as they would if the cuts are extended for those making more. Meek would have been correct to say that the annual federal deficit would increase by some average amount per family, but they wouldn’t actually "pay" that amount per year.


Crist, a Republican who is now running as an Independent, claimed to have "signed into law the largest tax cut" in Florida’s history. But the fact-checkers at PolitiFact Florida have rated this claim "false" on two previous occasions. 


Crist is referring to legislation (House Bill 1B and House Bill 5B) that cut property taxes in the state and that he signed into law in 2007. The savings for those bills combined is estimated to be $25 billion over five years. But PolitiFact said that figure is questionable, and that at least one other tax cut is higher:



PolitiFact Florida, March 2: Specifically, the governor’s $25 billion estimate could be accurate only if:



  • Property tax values increased as analysts predicted back when the tax package was passed (3 to 5 percent a year), and;

  • Local governments failed to reduce their tax rates.


We will never know what governments would have done to their tax rates, but we do know about property tax values: They haven’t gone up. They’ve gone down. Taxable property values dropped 15 percent in 2008, according to figures from county property appraisers. Property values dropped again in 2009 and are expected to drop in 2010.


That means the governor’s projections are high.



Furthermore, PolitiFact reported that another tax cutting initiative — Save Our Homes, an amendment to the state Constitution in 1992 — resulted in more savings for state residents. "From 1996 to 2008, almost $1.9 trillion in property value went untaxed because of Save Our Homes," PolitiFact wrote. "Using a conservative tax rate of 17 mills, that equates to $32 billion less in property taxes paid — or about $2.66 billion per year without adjusting for inflation. In 2007, the savings was about $7.27 billion and from 2004 to 2008 the estimated savings was more than $26 billion."


Rubio, the Republican, repeated a GOP talking point that we’ve found to be wrong in the past. He claimed that "even with the president’s massive tax increases, the debt will double by the middle of this decade and triple by the end of this decade."


According to estimates from the nonpartisan Congressional Budget Office, the debt held by the public was $7.55 trillion at the end of the 2009 fiscal year, and is projected to climb to $11.95 trillion in 2014, $12.54 trillion in 2015, $13.21 in 2016, $15.28 trillion in 2019 and $16.07 trillion in 2020. None of those estimates amounts to a doubling by the middle of the decade, or a tripling by the end of it. Of course, we can’t say for certain what will happen in the future, but that’s not the current projection.


In the past, Republicans have used the end of fiscal year 2008 — when the debt held by the public was $5.8 trillion — as their starting point. But that was during George W. Bush’s presidency. Before Obama was sworn in as president, the CBO was already projecting that the debt held by the public would be $7.19 trillion for FY 2009, which began on Oct. 1, 2008.



Back in August, we got word that a startup called PlaceBook was being bullied by Facebook into changing their name. Obviously, a lot of companies are trying to ride on the coattails of Facebook now given the social network’s massive success, but in the case of PlaceBook, their name really just perfectly describes their service — more on that in a second. Still, Facebook lawyered up and PlaceBook founder Michael Rubin had to make a decision: fight or survive. He chose the latter.


PlaceBook is now known as TripTrace. Still in private beta, it’s a service that allows you to note places around the world you’ve been to. And places you’d like to go to in the future. All of this is done in two books (dare I call them “Place Books”?): your Atlas (places you’ve been), and your Travel (places you want to go). There’s a heavy emphasis on maps in these books, and all of your places are marked by pins (red for where you’ve been, blue for where you’re going).


The key to TripTrace is that it makes the complicated notion of travel planning relatively simple. They do this both by making the process a more visual experience, and with a series of tools. One of those is a TripClipper bookmarklet. With it, you can easily take notes as you’re browsing around the web, to bookmark things you find that you might like to do on a trip. Maybe you’re reading an article on a good restaurant in Paris, for example. With the bookmarklet, you can highlight what you want to save and it will be stored in your TripTrace books.


You can also email in things to add to your books. And eventually, of course, the plan is to add mobile applications to the arsenal as well so you can tag and note things on the go.


When you go back to the site, you’ll see the data you’ve saved as well as a ton of other data that TripTrace pulls from around the web via APIs. You know the drill here: Flickr pictures, Foursquare places, all types of events — eventually, anything that is location tagged, Rubin says. All of this data provides a rich place experience within TripTrace itself and will hopefully help you make decisions on places you want to go next.



In the Travel book, you can use any of the things you’ve clipped to help you get a costimate for a trip to that particular city. While this obviously isn’t exact, something like this is very helpful when determining if a trip is even feasible in the first place. TripTrace pulls information on things like flights and hotels based on your current location and dates you want to travel.


It should be fairly obvious by now that the eventual business model for TripTrace will be lead generation. If the service can team up with the Kayaks of the world, they can probably make for a pretty nice customer experience, while getting paid. Partnerships in the travel space is what Rubin and his team will go after. And they have some other ideas for possible sources of revenue as well — perhaps actual place books?


But that’s down the road. First, they need to nail the user experience. “The Holy Grail isn’t just getting stuff on a map, it’s mixing personal and private with public and common data,” Rubin says. “If you put that in one place, it’s enormously powerful,” he continues. But again, he notes that it need to be in a format and experience that’s useful.


Rubin and his team have quite a bit knowledge about merging public data with more personalized data, as many of them are ex-Netflix guys. Rubin himself was a director of product management there and was instrumental in the development of the website.


TripTrace currently has data for about 20,000 cities, and they’re pulling in more data each day. The service is officially an offshoot from PublicEarth, a free wiki database for locations, which has raised some money in the past. But Rubin notes this is a whole new team working on TripTrace, and they hope to be ready for a public launch sometime in the next few weeks. Provided they don’t change their name back to PlaceBook and get sued out of existence by Facebook first, of course.





Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

Timothy Karr: Fox <b>News</b> Tries to Foreclose on Sesame Street

Every time PBS and NPR have come under attack, the American public has risen up in protest to defend -- not defund -- it. Whatever the rationale, Fox News' ongoing witch hunt tactic is a proven loser.

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.


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bench craft company complaints

Carmel Maguire, Robbie Motter, Filippo Voltaggio, Jeannie Simmons at Life Changes Live by Life Changes


Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

Timothy Karr: Fox <b>News</b> Tries to Foreclose on Sesame Street

Every time PBS and NPR have come under attack, the American public has risen up in protest to defend -- not defund -- it. Whatever the rationale, Fox News' ongoing witch hunt tactic is a proven loser.

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.


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This week, we find guests on the Sunday public affairs shows making false statements about disclosure of political funds, whether a Senate candidate pushed to have terrorists tried in his home state or favored letting states ban private health insurance, and whether middle-income families would pay more if the Bush tax cuts were extended for everybody.


Rove’s Lame Claim


Republican strategist Karl Rove misled viewers of CBS’ "Face the Nation" with a false claim that labor unions aren’t disclosing where they get the millions they are spending in the 2010 elections.



Rove: Four unions alone will — will have — according to their own announcements spent $222 million in — in money on elections this year.


Host Bob Shieffer: But we know who they are.


Rove: No, no, no you don’t, Bob. Here’s the disclosure report for the — for — for one who’s going to spend 87 and a half million dollars — the American Federation of State commun– local and Community Employees. There’s their disclosure where the money has come from. That line — that one line right there. They’re going to take in $190,477,829, and that’s the extent of where you know where it’s coming from. So there’s a lot of money floating around in politics that’s not disclosed.



Rove got it wrong on several counts, including the name of the union and the time period covered. The document he held up was an annual report filed with the U.S. Department of Labor on March 26 by the American Federation of State, County and Municipal Employees. It does not say how much AFSCME is "going to take in," but rather reports the big labor union’s actual receipts for calendar year 2009. The union’s total receipts were more than Rove said — $202,503,691. The figure he pointed to is a subtotal, reported on line 37.


Most important, though, Rove was wrong to say that the source of the money is "not disclosed." In fact, it is. The very line to which he pointed — line 37 — states that the money is from the "per capita tax" that the national union places on its locals, which in turn comes from the monthly dues — amounting to 2 percent of pay — collected from more than 1.5 million AFSCME members.


The full report to which Rove referred can be found at the public disclosure site of the Labor Department. (Type in 000-289 under "file number," or search by union name.) Since the full report runs to several hundred pages, and the Labor website won’t permit us to provide a direct link, we have posted the first few summary pages and highlighted some of the pertinent entries for the convenience of readers.


Republicans and conservatives have complained for years about the use of union dues money for political purposes, saying it gives Democrats an unfair advantage. That’s a matter of opinion. But Rove is wrong to claim that there’s any mystery about the source.


Full Disclosure


Not to be outdone by Rove, two Democrats on two Sunday shows made false and misleading statements about the Disclose Act, a Democrat-backed piece of legislation calling for greater disclosure in political giving and independent expenditures. On ABC’s "This Week," Democratic National Committee Chairman Tim Kaine said:



Kaine: Every Democrat in Congress has supported the Disclose Act that would require anyone supporting any candidate to disclose.



That’s not true. Thirty-six Democrats in the House voted against the bill. It passed the House by a close 219-206 vote in June. Republicans have successfully blocked a vote in the Senate, where all Democrats did back the legislation.


The sponsor of the bill, Rep. Christopher Van Hollen of Maryland, also falsely said on "Face the Nation" that only one Republican supported the legislation. Two members of the GOP voted for it — Anh Cao of Louisiana and Michael Castle of Delaware.



Van Hollen: We had a bill in the House and the Senate, it was called the Disclose Act. It would require all these different interests whether they are left, center or right, to disclose, to tell the voters who they are, so the voters could exercise their own judgment. Every Republican, but one voted against it.



The legislation is more controversial than Kaine and Van Hollen let on. Both conservative and liberal groups opposed some of the provisions. The Disclose Act would require independent expenditures of more than $10,000 to be reported within 24 hours and the identities of those giving at least $600 to be disclosed. It also would ban political spending by government contractors (with at least a $10 million contract), recipients of funds from the Troubled Asset Relief Program, and those negotiating for oil and gas exploration in the outer continental shelf. Corporations and unions would have to disclose their top funders in political ads. The bill would exempt organizations that receive 15 percent or less of their money from corporations and unions, and that have at least 500,000 members. The House version, but not the Senate’s, exempted labor unions from reporting requirements of money transfers to affiliates.


Sestak ‘Advocated’ to Move Terror Trial to Pa.?


On "Fox News Sunday," Republican Pat Toomey cited several examples of why he considers Democratic Rep. Joe Sestak, his opponent in the Pennsylvania Senate race, an "extreme" liberal. But Toomey went too far when he discussed the controversy over whether the U.S. should try alleged 9/11 mastermind Khalid Sheikh Mohammed in a civilian or military court. Speaking of Sestak, Toomey said:



Toomey: He’s even advocated that Khalid Sheikh Mohammed, the admitted mastermind of 9/11, be given a civilian trial in Pennsylvania, which is a terrible idea.



As we have reported, Sestak is a supporter of trying Mohammed in civilian court, saying it would "show the strength of the American judicial system." But it is a stretch to say that he "advocated" holding Mohammed’s trial in Pennsylvania. Sestak has said he would accept a civilian trial for the alleged 9/11 terrorists anywhere in America, including Pennsylvania.


Fun with Committee Votes


In another instance, Toomey portrays Sestak as "extreme" because of a committee vote he cast during the health care debate.



Toomey, Oct. 24: The health care bill he voted for — and in committee he voted for a version of the bill that would have allowed states to ban all private health insurance altogether.



That’s true, but misleading. In fact, Sestak voted against an amendment that would have allowed, in Toomey’s words, "states to ban all private health insurance altogether."


Here’s what happened: Democratic Rep. Dennis Kucinich of Ohio offered an amendment to America’s Affordable Health Choices Act of 2009 on July 17, 2009, that would have given states the option of creating a single-payer health care system run by that state’s government. Sestak voted against the amendment, but surprisingly it passed 27-19 with 13 Republican votes. Sestak later voted to report the full bill out of the Committee on Education and Labor. The single-payer provision was soon stripped out of the version that passed the House, however.


So, Toomey is correct in saying that Sestak "voted for a version" of the health care bill that included a single-payer system, because the bill Sestak voted out of committee included the Kucinich amendment. But it’s simply false to imply that he favored that provision, which he’s on record as opposing.


Is Toomey the DSCC’s No. 1 Target?


In discussing why the Pennsylvania race has begun to tighten, Toomey suggested it was because of the ads being run against him by the Democratic Senatorial Campaign Committee.



Toomey, Oct. 24: You know, the other side has spent a great deal of money. The Democratic Senate Campaign Committee has spent more money attacking me than any other candidate in the country. That may very well explain part of this tightening.



It’s not quite true, however, that the DSCC is spending the most money attacking Toomey. The Pennsylvania race ranks second behind the Colorado Senate race, according to the Federal Election Commission. As of Oct. 22, the FEC database of independent expenditures shows that the DSCC has spent $6.3 million in Colorado and $5.9 million in Pennsylvania. That’s still a lot, but not the most.


Also, as we have written before, the Pennsylvania race has attracted a lot of money from outside groups on both sides. The Center for Responsive Politics shows that the two campaigns have received roughly the same amount of support from outside groups, including party committees and independent groups.


Florida Senate Debate


CNN’s "State of the Union" hosted a debate between Florida’s three Senate candidates: Gov. Charlie Crist, Rep. Kendrick Meek and Marco Rubio. We found all three making questionable or incorrect claims.


Meek, a Democrat, claimed that extending the Bush tax cuts for the most affluent Americans would mean "middle-class families throughout America have to pay $6,000 per year." But that’s not correct, and even the Meek campaign admits it.


According to President Obama’s budget proposal for the 2011 fiscal year, allowing the tax cuts to expire for the wealthiest Americans could raise $678.3 billion in revenues over 10 years. The Meek campaign divided that by 116 million, a 2007 U.S. Census Bureau estimate for U.S. households, to get almost $6,000 per family. But Meek expressed this as a "per year" cost instead of a 10-year cost. Meek’s camp said that he meant to say "over 10 years."


More important, of course, middle-income families would not pay more at all — at least not immediately. The taxes of families making less than $250,000 a year would remain the same under Obama’s proposal as they would if the cuts are extended for those making more. Meek would have been correct to say that the annual federal deficit would increase by some average amount per family, but they wouldn’t actually "pay" that amount per year.


Crist, a Republican who is now running as an Independent, claimed to have "signed into law the largest tax cut" in Florida’s history. But the fact-checkers at PolitiFact Florida have rated this claim "false" on two previous occasions. 


Crist is referring to legislation (House Bill 1B and House Bill 5B) that cut property taxes in the state and that he signed into law in 2007. The savings for those bills combined is estimated to be $25 billion over five years. But PolitiFact said that figure is questionable, and that at least one other tax cut is higher:



PolitiFact Florida, March 2: Specifically, the governor’s $25 billion estimate could be accurate only if:



  • Property tax values increased as analysts predicted back when the tax package was passed (3 to 5 percent a year), and;

  • Local governments failed to reduce their tax rates.


We will never know what governments would have done to their tax rates, but we do know about property tax values: They haven’t gone up. They’ve gone down. Taxable property values dropped 15 percent in 2008, according to figures from county property appraisers. Property values dropped again in 2009 and are expected to drop in 2010.


That means the governor’s projections are high.



Furthermore, PolitiFact reported that another tax cutting initiative — Save Our Homes, an amendment to the state Constitution in 1992 — resulted in more savings for state residents. "From 1996 to 2008, almost $1.9 trillion in property value went untaxed because of Save Our Homes," PolitiFact wrote. "Using a conservative tax rate of 17 mills, that equates to $32 billion less in property taxes paid — or about $2.66 billion per year without adjusting for inflation. In 2007, the savings was about $7.27 billion and from 2004 to 2008 the estimated savings was more than $26 billion."


Rubio, the Republican, repeated a GOP talking point that we’ve found to be wrong in the past. He claimed that "even with the president’s massive tax increases, the debt will double by the middle of this decade and triple by the end of this decade."


According to estimates from the nonpartisan Congressional Budget Office, the debt held by the public was $7.55 trillion at the end of the 2009 fiscal year, and is projected to climb to $11.95 trillion in 2014, $12.54 trillion in 2015, $13.21 in 2016, $15.28 trillion in 2019 and $16.07 trillion in 2020. None of those estimates amounts to a doubling by the middle of the decade, or a tripling by the end of it. Of course, we can’t say for certain what will happen in the future, but that’s not the current projection.


In the past, Republicans have used the end of fiscal year 2008 — when the debt held by the public was $5.8 trillion — as their starting point. But that was during George W. Bush’s presidency. Before Obama was sworn in as president, the CBO was already projecting that the debt held by the public would be $7.19 trillion for FY 2009, which began on Oct. 1, 2008.



Back in August, we got word that a startup called PlaceBook was being bullied by Facebook into changing their name. Obviously, a lot of companies are trying to ride on the coattails of Facebook now given the social network’s massive success, but in the case of PlaceBook, their name really just perfectly describes their service — more on that in a second. Still, Facebook lawyered up and PlaceBook founder Michael Rubin had to make a decision: fight or survive. He chose the latter.


PlaceBook is now known as TripTrace. Still in private beta, it’s a service that allows you to note places around the world you’ve been to. And places you’d like to go to in the future. All of this is done in two books (dare I call them “Place Books”?): your Atlas (places you’ve been), and your Travel (places you want to go). There’s a heavy emphasis on maps in these books, and all of your places are marked by pins (red for where you’ve been, blue for where you’re going).


The key to TripTrace is that it makes the complicated notion of travel planning relatively simple. They do this both by making the process a more visual experience, and with a series of tools. One of those is a TripClipper bookmarklet. With it, you can easily take notes as you’re browsing around the web, to bookmark things you find that you might like to do on a trip. Maybe you’re reading an article on a good restaurant in Paris, for example. With the bookmarklet, you can highlight what you want to save and it will be stored in your TripTrace books.


You can also email in things to add to your books. And eventually, of course, the plan is to add mobile applications to the arsenal as well so you can tag and note things on the go.


When you go back to the site, you’ll see the data you’ve saved as well as a ton of other data that TripTrace pulls from around the web via APIs. You know the drill here: Flickr pictures, Foursquare places, all types of events — eventually, anything that is location tagged, Rubin says. All of this data provides a rich place experience within TripTrace itself and will hopefully help you make decisions on places you want to go next.



In the Travel book, you can use any of the things you’ve clipped to help you get a costimate for a trip to that particular city. While this obviously isn’t exact, something like this is very helpful when determining if a trip is even feasible in the first place. TripTrace pulls information on things like flights and hotels based on your current location and dates you want to travel.


It should be fairly obvious by now that the eventual business model for TripTrace will be lead generation. If the service can team up with the Kayaks of the world, they can probably make for a pretty nice customer experience, while getting paid. Partnerships in the travel space is what Rubin and his team will go after. And they have some other ideas for possible sources of revenue as well — perhaps actual place books?


But that’s down the road. First, they need to nail the user experience. “The Holy Grail isn’t just getting stuff on a map, it’s mixing personal and private with public and common data,” Rubin says. “If you put that in one place, it’s enormously powerful,” he continues. But again, he notes that it need to be in a format and experience that’s useful.


Rubin and his team have quite a bit knowledge about merging public data with more personalized data, as many of them are ex-Netflix guys. Rubin himself was a director of product management there and was instrumental in the development of the website.


TripTrace currently has data for about 20,000 cities, and they’re pulling in more data each day. The service is officially an offshoot from PublicEarth, a free wiki database for locations, which has raised some money in the past. But Rubin notes this is a whole new team working on TripTrace, and they hope to be ready for a public launch sometime in the next few weeks. Provided they don’t change their name back to PlaceBook and get sued out of existence by Facebook first, of course.





bench craft company complaints

Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

Timothy Karr: Fox <b>News</b> Tries to Foreclose on Sesame Street

Every time PBS and NPR have come under attack, the American public has risen up in protest to defend -- not defund -- it. Whatever the rationale, Fox News' ongoing witch hunt tactic is a proven loser.

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.


bench craft company complaints bench craft company complaints

Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

Timothy Karr: Fox <b>News</b> Tries to Foreclose on Sesame Street

Every time PBS and NPR have come under attack, the American public has risen up in protest to defend -- not defund -- it. Whatever the rationale, Fox News' ongoing witch hunt tactic is a proven loser.

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.


bench craft company complaints bench craft company complaints

Exclusive: Yahoo Courts Former <b>News</b> Corp. Digital Exec Ross <b>...</b>

He's baaaaaack. Former Fox Interactive Media President Ross Levinsohn, that is, who is the top candidate to replace Hilary Schneider as Yahoo's US head, according to several sources close to the situation.

Timothy Karr: Fox <b>News</b> Tries to Foreclose on Sesame Street

Every time PBS and NPR have come under attack, the American public has risen up in protest to defend -- not defund -- it. Whatever the rationale, Fox News' ongoing witch hunt tactic is a proven loser.

Fox <b>News</b> Poll: GOPer Raese Leads By Two Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race has Republican businessman John Raese holding on to a narrow lead against Democratic Gov. Joe Manchin.


bench craft company complaints bench craft company complaints

Friday, October 22, 2010

Making Money Web

The power of hands-on learning is indisputable. But when it comes to investing your money in the stock market, however, making a beginner’s mistake can cost you more than just your self-esteem. Thankfully, the web makes it easy to practice with virtual money.

There are a multitude of online investment games like Investopedia and gnuTrade that play with virtual money, but not all of them are easy for beginners. Here are five of the best free (because you shouldn’t have to spend real money to play with fake money) online games for getting your feet wet.

1. Wall Street Survivor

Invest $100,000 in virtual cash via drop-down menu choices. A friendly cartoon version of stock guru Mark Brookshire helps you make your final decision by providing some rating numbers when you input a stock. These include a rating for survivor sentiment, fundamentals, technical and a Motley Fool class='blippr-nobr'>Ratingclass="blippr-nobr">Rating.

For additional help choosing stocks, the site has an impressive resource library that spans beginner, intermediate and advanced levels. Start with Investing 101 and consider taking advantage of the community forums if you have specific questions. Those who need a little help getting started can also choose to adapt one of the preset portfolios created by proven traders.

While the $100,000 competition is most popular, anybody on the site can create a contest. Prizes vary, but most often consist of competitive pride.

2. HowTheMarketWorks

Owned by the same company as Wall Street Survivor, this game is great for investors looking to gain experience with a new type of portfolio. In addition to stocks and indexes, there are options to experiment with Forex portfolios, penny stocks, mutual funds and short selling.

Beginners can execute market order-based trades in a “fun mode” without worrying about things like set hours, maximum number of trades per day, per stock and order expiration. A “realistic mode” amps up the complexity after they’ve mastered the beginner level.

Players can manage up to three stock portfolios and three Forex portfolios on the site at once. For each portfolio, they select a starting value between $100 and $500,000 and set how much virtual commission you are charged per trade.

The competition aspect is optional. General monthly contests give each player $25,000 as a virtual starting point. Other public contests include challenging restrictions like “short sells only” or “penny stocks only.” Users can create their own password-protected games as well, which is a feature that teachers find helpful for creating class competitions.

3. Young Money Stock Market Game

Young Money Magazine’s stock exchange game is easy to learn but also fairly realistic, which is a hard balance to strike.

Realistic aspects include a virtual commission that’s taken out of each trade, adhering to market hours and rules about how you can invest. Unlike many investing games, trades are made at a real-time price. Learning aspects include convenient help icons on key terms and an intuitive tabbed interface.

The site runs a monthly contest with a $100 (real) cash prize that goes to whoever gained the highest percentage. Players can also create their own contests or join other user-made contests.

4. MarketWatch Fantasy Earnings Trader Game

MarketWatch will run this mock stock market contest for a total of four weeks, awarding the winner of each week with an iPad. It’s on week three right now, but there’s still time to get in on the competition for week four.

You must have your selections picked before the week starts on Monday. The shares that you select are “purchased” at Monday’s open and will “sell” automatically at Friday’s close.

The catch is that all players can only use the 15 to 20 symbols selected for each week. The companies are selected by the game owner for companies that are projecting their earnings during each week. Lining up picks is easy — players simply drag the company’s logo to their trading card and designate if they want to sell short or go long.

Although there are some pros playing, this game is especially manageable for beginners due to the limited stock options for each week.

5. UpDown

Like Young Money’s game, UpDown has helpful icons that explain key terms for beginners. More comprehensive resources in the education center mercifully cover even the most basic of investing concepts.

Community features, like the opportunity to collaborate with a group and to see the most-bought and most-sold stocks, are also helpful for beginners. The “watch list” tool provides a convenient dashboard for monitoring potential picks.

UpDown sponsors a monthly contest that rewards players who beat the market with real cash.

More Business Resources from Mashable:

- 5 Lessons to Learn from Web Startups/> - 20 of the Best Resources to Get Your Startup Off the Ground/> - 5 Startup Tips From the Father of Gmail and FriendFeed/> - 6 Ways to Recruit Talent for Startups/> - 10 Essential Tips for Building Your Small Biz Team

Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, H-Gall

For more Business coverage:

    class="f-el">class="cov-twit">Follow Mashable Businessclass="s-el">class="cov-rss">Subscribe to the Business channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad

Brace yourselves for the return of “Blue Steel.”

That’s right. Ben Stiller’s Derek Zoolander character, of 2001’s big-screen comedy Zoolander, will be making his comeback as a web cartoon. The New York Times reports that the actor will resume his role as the clueless male model, and that he hopes to include former supporting cast members like Owen Wilson and Will Ferrell in the series.

Stiller will also star in a second live-action web series, Billy Glimmer: Entertainer of the Century, in which he will play a Las Vegas voice imitator and comedian. Both projects are part of a two-year deal Paramount Digital Entertainment struck up with a new digital division at Red Hour Films — a production company run by Stiller and Stuart Cornfeld.

The animated Zoolander will be accompanied by a social media game, and there is some possibility that more online social properties, TV shows or full-length feature films could develop as a result.

This isn’t the first time Stiller has participated in digital entertainment projects. Late last year, the actor launched the social media-driven viral video campaign, Stillerstrong, to help raise money to build a school in Haiti while also providing some aid to earthquake relief efforts. Red Hour Digital is also behind Stiller & Meara, a series of online videos featured on Yahooclass="blippr-nobr">Yahoo! class='blippr-nobr'>Videoclass="blippr-nobr">video, starring Stiller’s parents.

According to the Times, Stiller views his current projects as a chance to do something creative without prolonged studio interference.

What are your thoughts on the upcoming Zoolander and Billy Glimmer webisodes?

Image courtesy of class='blippr-nobr'>Flickrclass="blippr-nobr">Flickr, Cineando

For more Web Video coverage:

    class="f-el">class="cov-twit">Follow Mashable Web Videoclass="s-el">class="cov-rss">Subscribe to the Web Video channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad

autosport.com - F1 <b>News</b>: Tweaks to be made to Korean track

Korean Grand Prix organisers are making minor modifications to the new Formula 1 track on Friday night following complaints from drivers about potential trouble spots on the new Yeongam circuit.

Nuclear submarine runs aground off Skye | Scotland | STV <b>News</b>

Royal Navy submarine HMS Astute stranded after accident near Skye Bridge.

BillBoard - Blogs - The Buffalo <b>News</b>

The Buffalo News updated every day with news from Buffalo, New York. Links to national and business news, entertainment listings, recipes, sports teams, classified ads, death notices.


eric seiger eric seiger

The power of hands-on learning is indisputable. But when it comes to investing your money in the stock market, however, making a beginner’s mistake can cost you more than just your self-esteem. Thankfully, the web makes it easy to practice with virtual money.

There are a multitude of online investment games like Investopedia and gnuTrade that play with virtual money, but not all of them are easy for beginners. Here are five of the best free (because you shouldn’t have to spend real money to play with fake money) online games for getting your feet wet.

1. Wall Street Survivor

Invest $100,000 in virtual cash via drop-down menu choices. A friendly cartoon version of stock guru Mark Brookshire helps you make your final decision by providing some rating numbers when you input a stock. These include a rating for survivor sentiment, fundamentals, technical and a Motley Fool class='blippr-nobr'>Ratingclass="blippr-nobr">Rating.

For additional help choosing stocks, the site has an impressive resource library that spans beginner, intermediate and advanced levels. Start with Investing 101 and consider taking advantage of the community forums if you have specific questions. Those who need a little help getting started can also choose to adapt one of the preset portfolios created by proven traders.

While the $100,000 competition is most popular, anybody on the site can create a contest. Prizes vary, but most often consist of competitive pride.

2. HowTheMarketWorks

Owned by the same company as Wall Street Survivor, this game is great for investors looking to gain experience with a new type of portfolio. In addition to stocks and indexes, there are options to experiment with Forex portfolios, penny stocks, mutual funds and short selling.

Beginners can execute market order-based trades in a “fun mode” without worrying about things like set hours, maximum number of trades per day, per stock and order expiration. A “realistic mode” amps up the complexity after they’ve mastered the beginner level.

Players can manage up to three stock portfolios and three Forex portfolios on the site at once. For each portfolio, they select a starting value between $100 and $500,000 and set how much virtual commission you are charged per trade.

The competition aspect is optional. General monthly contests give each player $25,000 as a virtual starting point. Other public contests include challenging restrictions like “short sells only” or “penny stocks only.” Users can create their own password-protected games as well, which is a feature that teachers find helpful for creating class competitions.

3. Young Money Stock Market Game

Young Money Magazine’s stock exchange game is easy to learn but also fairly realistic, which is a hard balance to strike.

Realistic aspects include a virtual commission that’s taken out of each trade, adhering to market hours and rules about how you can invest. Unlike many investing games, trades are made at a real-time price. Learning aspects include convenient help icons on key terms and an intuitive tabbed interface.

The site runs a monthly contest with a $100 (real) cash prize that goes to whoever gained the highest percentage. Players can also create their own contests or join other user-made contests.

4. MarketWatch Fantasy Earnings Trader Game

MarketWatch will run this mock stock market contest for a total of four weeks, awarding the winner of each week with an iPad. It’s on week three right now, but there’s still time to get in on the competition for week four.

You must have your selections picked before the week starts on Monday. The shares that you select are “purchased” at Monday’s open and will “sell” automatically at Friday’s close.

The catch is that all players can only use the 15 to 20 symbols selected for each week. The companies are selected by the game owner for companies that are projecting their earnings during each week. Lining up picks is easy — players simply drag the company’s logo to their trading card and designate if they want to sell short or go long.

Although there are some pros playing, this game is especially manageable for beginners due to the limited stock options for each week.

5. UpDown

Like Young Money’s game, UpDown has helpful icons that explain key terms for beginners. More comprehensive resources in the education center mercifully cover even the most basic of investing concepts.

Community features, like the opportunity to collaborate with a group and to see the most-bought and most-sold stocks, are also helpful for beginners. The “watch list” tool provides a convenient dashboard for monitoring potential picks.

UpDown sponsors a monthly contest that rewards players who beat the market with real cash.

More Business Resources from Mashable:

- 5 Lessons to Learn from Web Startups/> - 20 of the Best Resources to Get Your Startup Off the Ground/> - 5 Startup Tips From the Father of Gmail and FriendFeed/> - 6 Ways to Recruit Talent for Startups/> - 10 Essential Tips for Building Your Small Biz Team

Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, H-Gall

For more Business coverage:

    class="f-el">class="cov-twit">Follow Mashable Businessclass="s-el">class="cov-rss">Subscribe to the Business channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad

Brace yourselves for the return of “Blue Steel.”

That’s right. Ben Stiller’s Derek Zoolander character, of 2001’s big-screen comedy Zoolander, will be making his comeback as a web cartoon. The New York Times reports that the actor will resume his role as the clueless male model, and that he hopes to include former supporting cast members like Owen Wilson and Will Ferrell in the series.

Stiller will also star in a second live-action web series, Billy Glimmer: Entertainer of the Century, in which he will play a Las Vegas voice imitator and comedian. Both projects are part of a two-year deal Paramount Digital Entertainment struck up with a new digital division at Red Hour Films — a production company run by Stiller and Stuart Cornfeld.

The animated Zoolander will be accompanied by a social media game, and there is some possibility that more online social properties, TV shows or full-length feature films could develop as a result.

This isn’t the first time Stiller has participated in digital entertainment projects. Late last year, the actor launched the social media-driven viral video campaign, Stillerstrong, to help raise money to build a school in Haiti while also providing some aid to earthquake relief efforts. Red Hour Digital is also behind Stiller & Meara, a series of online videos featured on Yahooclass="blippr-nobr">Yahoo! class='blippr-nobr'>Videoclass="blippr-nobr">video, starring Stiller’s parents.

According to the Times, Stiller views his current projects as a chance to do something creative without prolonged studio interference.

What are your thoughts on the upcoming Zoolander and Billy Glimmer webisodes?

Image courtesy of class='blippr-nobr'>Flickrclass="blippr-nobr">Flickr, Cineando

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Transmission 5 by lodge28





















































Wednesday, October 20, 2010

Making Money Working


Yesterday, LAANE's research director Carolina Briones was a guest on the Patt Morrison Show, which airs on KPCC, a local NPR station. The subject was poverty, and LAANE had just released analysis of the new census data showing the extent of poverty at the local level.



One guest described the tragedy of living in a car with his wife and daughter as the recession took its toll on the construction industry. A caller then phoned in and described how he lived in a Winnebago for years in order to save money while working poverty-level jobs.



I was touched by these stories of people, not far from my neighborhood, making whatever choice necessary to survive when good jobs are not available. But then the caller went on to suggest that the answer to poverty was for everyone struggling today to follow his example and hunker down.



Beyond creating an initial picture in my mind of L.A's already-notorious freeways suddenly inundated with hundreds of thousands of Winnebagos, it did bring up an important thought as we grapple with the highest poverty rates in decades. There is a critical role for a social safety net to keep people stable and families intact amidst chronic unemployment and underemployment. And on the individual level, I never fail to be blown away by the ingenuity of people trying to make it for their families on far too little, especially in cities as expensive as L.A.



However, to truly reduce poverty, we need to address it as a community. The Winnebago example illustrates how unworkable it is to adjust the rest of our world down to the level of the poverty jobs that are actually available. What we need to do instead is raise the bar for jobs. We need policies and initiatives that help create good jobs and make them accessible for those who need them.



LAANE has put together a Poverty Resource Center on our website, with local economic analysis as well as some blueprints and examples of our vision to create new economy that works for everyone. Please visit www.laane.org/poverty and make use of these models as we seek to reduce poverty and create good jobs in communities across the nation.







Many of the seemingly divergent problems facing us today have the same fundamental cause: greed.



In both government and corporations -- and even in the nonprofit sector -- the greed of some damages and diminishes all of us while also undermining those very institutions that are supposed to protect us and America itself.



The stakes are too high and the time too fleeting for inaction. It is surprising that charity and foundations officials have not stepped forward and taken leadership to speak with clarity and with force so that truth can be heard and the public galvanized for action toward the common good.



Let's begin with government. By catering to the avarice of some of the wealthiest Americans, many members of Congress reflect their own greed -- to get and hold power they are willing to serve private interests over public ones. As a result, the portion of tax measures that directly benefit the rich may deny the Treasury about a trillion dollars.



Too many elected officials are willing to pay that price to curry favor. Yet, this painful loss of government revenue is little discussed by the vast majority of charity leaders, even those who are finding it impossible to maintain services amid federal and state spending cuts and losses in private donations..



Faced with deficit problems, politicians look reality in the face and then turn to wink at their campaign-financing benefactors. Congress let the estate tax completely expire for 2010, though continuing it at 2009 levels would have affected only the super-super-wealthy -- 99.75 percent of all estates would have remained free of the tax. Billions and billions of dollars ($9 billion in the case of just one Texan) flow entirely to heirs this year, costing the Treasury about $15 billion. This is particularly greedy since much of the privately retained billions comes from unearned investment gains that now will never be taxed.



The repeal of the estate tax was but one of a number of cuts passed during the Bush administration that have hurt people who depend on government programs -- and that means all of us.



President Obama wants to allow those other tax cuts to expire on schedule for the wealthiest 2 percent of Americans (those families making more than $250,000 a year) while extending them for everyone else. Many members of Congress, led by the Republicans, would preserve these other tax cuts for the wealthy at a cost of about $680-billion.



In fact, in 2011 alone, a plan promoted by Republicans would provide a $31-billion benefit just to households that already earn more than $1-million a year. Do these millionaires and their political agents really think it justifiable to deny a financially strapped populace the public services that that amount of cash could finance?



A focus on just tax issues is insufficient to fully understand the damage done to even to charities and the people they serve by an unending thirst for greater riches and power. We decry corrupt foreign officials, but seem to see nothing wrong with a Congress in which politicians solicit and accept contributions from the specific corporations they are supposed to oversee and regulate.



More than $2.5-billion was raised in the 2008 elections and more than 75 percent of that came from business. In fact, in their selfish quest for campaign contributions, elected officials fight to get assigned to the committees that regulate corporations with the deepest pockets. There are even "congressional charities" set up by some politicians to extend tax exemptions to their corporate benefactors. As the philanthropist Phil Stern once wrote, we've got the best Congress money can buy.



Corporations appear unconcerned with popular democracy, working instead to elect officeholders who look out for their private interests. The principal purpose of regulations is to protect Americans from dangers imposed by the unbridled pursuit of profit -- be it in our supermarkets and the foods that we eat, in the financial institutions on which we depend for credit and reliable retirement savings, or about what gets used in our homes, workplaces and communities and for our travels between them. Yet, businesses want to roll back oversight and rules.



While many nonprofit organizations work valiantly to strengthen protections in their areas of concern, relatively few charity or foundation leaders demand that this corrosive influence of money in politics be better controlled before this corruption of democracy gets completely out of hand.



Even in the face of global warming, confronted by heat waves, droughts and wild fire conflagrations, by astounding rainfalls and massive floods and landslides, by turmoil on and below our ocean waters, by Code Red alerts for the air we breathe, corporate lobbyists have managed to stop meaningful climate control legislation. Where is the voice of charitable leaders -- not just environmentalists -- to contest this capitulation?



How, in the face of obvious human and planetary disaster, can the greed of corporations for ever-greater profit, and of legislators in protecting their interests, be generally unchallenged by nonprofit leaders?



Those same dynamics of greed have brought us to the edge of economic disintegration and close to a double-dip recession. It was deregulation of banking institutions by Congress in the late 1990s that got us into this crisis, and now we see corporations keeping us in it. Beyond the grossly irresponsible gambling that turned Wall Street into a casino with safe bets for insiders, beyond their lobbyists' efforts to weaken the financial reform legislation recently enacted to help protect us from such behavior, corporations are now holding the economy hostage to their next quarters' profits. In spite of occasional stock market rallies, the economy cannot truly recover without jobs, and they aren't even beginning to offer enough of them



Although corporate profits set an all-time record of $1.37-trillion in the first quarter of this year -- and, astoundingly, they are sitting on $2-trillion in cash -- corporations are not rehiring the more than 8-million workers they laid off in this recession.



With unemployment hovering around 9.5 percent, it is said that corporate leaders are waiting for a more favorable business climate, by which they mean still lower taxes and still more deregulation -- and now they have the Obama administration working on $180-billion in tax cuts to spur hiring.



In effect, corporations are saying, Feed our greed or most Americans will continue to suffer.



And so too will nonprofit organizations. Corporate contributions fell significantly last year, and they are expected to remain flat in 2010 -- so besides holding back on the hiring necessary for economic recovery, they are also shortchanging the charities that are helping the jobless and other Americans in these terribly strained times.



More and more, "corporate philanthropy" seems to be an oxymoron -- their ostensibly philanthropic actions reflect marketing strategies instead of altruistic purposes. Cause-related marketing, profit-generating charitable partnerships, and publicity-seeking crowd-sourced donation programs all benefit corporations more than charities. After they cut a profitable deal with Verizon, we even see the much-heralded public-spirited Google reversing itself on the information age's fundamental social policy of Net neutrality. Again, private greed over public interest.



Greed may be killing the American dream. For about the last four decades, the income of 90 percent of Americans has essentially remained flat, and we are now seeing new generations of Americans actually losing ground, realistically expecting to do worse than their parents no matter how hard they try. During that same time, the income of the super-wealthy has more than tripled. We have seen the wages of CEOs go from 26 times the median income of Americans to more than 300 times that figure.



Most of us, wherever we work, simply acquiesce to what seems the inevitable imperative for greater riches. Too many of us just do what everyone else is doing, just want what everyone else is wanting. Yet we all hold some responsibility for not seeking and speaking truth.



While greed appears endemic in the corporate world and among its political cronies, the nonprofit sector has not been totally spared this insidious dynamic.



Some charity and foundation executives, with the complicity of their board members, have allowed greed to crowd out public service. Outrageous salaries, benefits, and other expenses characterize, although still proportionately few, far too many nonprofit organizations. These selfish practices not only imperil individual organizations but also make vulnerable the entire nonprofit world.



So where does all of this leave us?



We need nonprofit and foundation officials to call us to reject the avalanche of limitless political and corporate greed, first by naming it, then by exposing and helping all to see it, and finally countering it by promoting new public policies and private practices.



Corporations and the politicians they support won't fill this moral void. But the country increasingly is ready for the emergence of new leaders and a reassertion of important American values.



Leadership must come from the charitable and philanthropic community, and it is needed now. It is wrong to abdicate responsibility in fear of complex national and global dynamics and a polarized electorate. Timid or confused silence is not an option for those who assert to represent our better natures; rather, it is an abdication of the fundamental moral and social obligations of the charitable community.



The nonprofit world needs to speak clearly for the common good and to work assiduously toward it. Its organizations need to get beyond their own parochial interests and to find shared purpose across areas of concern. We all suffer at the hands of the greedy in and beyond the ways noted here. By pulling these pieces together, by pulling ourselves together, by showing the greedy for what they really are, we can begin to build a more democratic, caring and equitable society.



Mark Rosenman, a long time nonprofit sector activist and scholar, directs Caring to Change (www.caringtochange.org), a project in Washington that seeks to promote foundation grantmaking for the common good. A version of this piece also appears in The Chronicle of Philanthropy.







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Yesterday, LAANE's research director Carolina Briones was a guest on the Patt Morrison Show, which airs on KPCC, a local NPR station. The subject was poverty, and LAANE had just released analysis of the new census data showing the extent of poverty at the local level.



One guest described the tragedy of living in a car with his wife and daughter as the recession took its toll on the construction industry. A caller then phoned in and described how he lived in a Winnebago for years in order to save money while working poverty-level jobs.



I was touched by these stories of people, not far from my neighborhood, making whatever choice necessary to survive when good jobs are not available. But then the caller went on to suggest that the answer to poverty was for everyone struggling today to follow his example and hunker down.



Beyond creating an initial picture in my mind of L.A's already-notorious freeways suddenly inundated with hundreds of thousands of Winnebagos, it did bring up an important thought as we grapple with the highest poverty rates in decades. There is a critical role for a social safety net to keep people stable and families intact amidst chronic unemployment and underemployment. And on the individual level, I never fail to be blown away by the ingenuity of people trying to make it for their families on far too little, especially in cities as expensive as L.A.



However, to truly reduce poverty, we need to address it as a community. The Winnebago example illustrates how unworkable it is to adjust the rest of our world down to the level of the poverty jobs that are actually available. What we need to do instead is raise the bar for jobs. We need policies and initiatives that help create good jobs and make them accessible for those who need them.



LAANE has put together a Poverty Resource Center on our website, with local economic analysis as well as some blueprints and examples of our vision to create new economy that works for everyone. Please visit www.laane.org/poverty and make use of these models as we seek to reduce poverty and create good jobs in communities across the nation.







Many of the seemingly divergent problems facing us today have the same fundamental cause: greed.



In both government and corporations -- and even in the nonprofit sector -- the greed of some damages and diminishes all of us while also undermining those very institutions that are supposed to protect us and America itself.



The stakes are too high and the time too fleeting for inaction. It is surprising that charity and foundations officials have not stepped forward and taken leadership to speak with clarity and with force so that truth can be heard and the public galvanized for action toward the common good.



Let's begin with government. By catering to the avarice of some of the wealthiest Americans, many members of Congress reflect their own greed -- to get and hold power they are willing to serve private interests over public ones. As a result, the portion of tax measures that directly benefit the rich may deny the Treasury about a trillion dollars.



Too many elected officials are willing to pay that price to curry favor. Yet, this painful loss of government revenue is little discussed by the vast majority of charity leaders, even those who are finding it impossible to maintain services amid federal and state spending cuts and losses in private donations..



Faced with deficit problems, politicians look reality in the face and then turn to wink at their campaign-financing benefactors. Congress let the estate tax completely expire for 2010, though continuing it at 2009 levels would have affected only the super-super-wealthy -- 99.75 percent of all estates would have remained free of the tax. Billions and billions of dollars ($9 billion in the case of just one Texan) flow entirely to heirs this year, costing the Treasury about $15 billion. This is particularly greedy since much of the privately retained billions comes from unearned investment gains that now will never be taxed.



The repeal of the estate tax was but one of a number of cuts passed during the Bush administration that have hurt people who depend on government programs -- and that means all of us.



President Obama wants to allow those other tax cuts to expire on schedule for the wealthiest 2 percent of Americans (those families making more than $250,000 a year) while extending them for everyone else. Many members of Congress, led by the Republicans, would preserve these other tax cuts for the wealthy at a cost of about $680-billion.



In fact, in 2011 alone, a plan promoted by Republicans would provide a $31-billion benefit just to households that already earn more than $1-million a year. Do these millionaires and their political agents really think it justifiable to deny a financially strapped populace the public services that that amount of cash could finance?



A focus on just tax issues is insufficient to fully understand the damage done to even to charities and the people they serve by an unending thirst for greater riches and power. We decry corrupt foreign officials, but seem to see nothing wrong with a Congress in which politicians solicit and accept contributions from the specific corporations they are supposed to oversee and regulate.



More than $2.5-billion was raised in the 2008 elections and more than 75 percent of that came from business. In fact, in their selfish quest for campaign contributions, elected officials fight to get assigned to the committees that regulate corporations with the deepest pockets. There are even "congressional charities" set up by some politicians to extend tax exemptions to their corporate benefactors. As the philanthropist Phil Stern once wrote, we've got the best Congress money can buy.



Corporations appear unconcerned with popular democracy, working instead to elect officeholders who look out for their private interests. The principal purpose of regulations is to protect Americans from dangers imposed by the unbridled pursuit of profit -- be it in our supermarkets and the foods that we eat, in the financial institutions on which we depend for credit and reliable retirement savings, or about what gets used in our homes, workplaces and communities and for our travels between them. Yet, businesses want to roll back oversight and rules.



While many nonprofit organizations work valiantly to strengthen protections in their areas of concern, relatively few charity or foundation leaders demand that this corrosive influence of money in politics be better controlled before this corruption of democracy gets completely out of hand.



Even in the face of global warming, confronted by heat waves, droughts and wild fire conflagrations, by astounding rainfalls and massive floods and landslides, by turmoil on and below our ocean waters, by Code Red alerts for the air we breathe, corporate lobbyists have managed to stop meaningful climate control legislation. Where is the voice of charitable leaders -- not just environmentalists -- to contest this capitulation?



How, in the face of obvious human and planetary disaster, can the greed of corporations for ever-greater profit, and of legislators in protecting their interests, be generally unchallenged by nonprofit leaders?



Those same dynamics of greed have brought us to the edge of economic disintegration and close to a double-dip recession. It was deregulation of banking institutions by Congress in the late 1990s that got us into this crisis, and now we see corporations keeping us in it. Beyond the grossly irresponsible gambling that turned Wall Street into a casino with safe bets for insiders, beyond their lobbyists' efforts to weaken the financial reform legislation recently enacted to help protect us from such behavior, corporations are now holding the economy hostage to their next quarters' profits. In spite of occasional stock market rallies, the economy cannot truly recover without jobs, and they aren't even beginning to offer enough of them



Although corporate profits set an all-time record of $1.37-trillion in the first quarter of this year -- and, astoundingly, they are sitting on $2-trillion in cash -- corporations are not rehiring the more than 8-million workers they laid off in this recession.



With unemployment hovering around 9.5 percent, it is said that corporate leaders are waiting for a more favorable business climate, by which they mean still lower taxes and still more deregulation -- and now they have the Obama administration working on $180-billion in tax cuts to spur hiring.



In effect, corporations are saying, Feed our greed or most Americans will continue to suffer.



And so too will nonprofit organizations. Corporate contributions fell significantly last year, and they are expected to remain flat in 2010 -- so besides holding back on the hiring necessary for economic recovery, they are also shortchanging the charities that are helping the jobless and other Americans in these terribly strained times.



More and more, "corporate philanthropy" seems to be an oxymoron -- their ostensibly philanthropic actions reflect marketing strategies instead of altruistic purposes. Cause-related marketing, profit-generating charitable partnerships, and publicity-seeking crowd-sourced donation programs all benefit corporations more than charities. After they cut a profitable deal with Verizon, we even see the much-heralded public-spirited Google reversing itself on the information age's fundamental social policy of Net neutrality. Again, private greed over public interest.



Greed may be killing the American dream. For about the last four decades, the income of 90 percent of Americans has essentially remained flat, and we are now seeing new generations of Americans actually losing ground, realistically expecting to do worse than their parents no matter how hard they try. During that same time, the income of the super-wealthy has more than tripled. We have seen the wages of CEOs go from 26 times the median income of Americans to more than 300 times that figure.



Most of us, wherever we work, simply acquiesce to what seems the inevitable imperative for greater riches. Too many of us just do what everyone else is doing, just want what everyone else is wanting. Yet we all hold some responsibility for not seeking and speaking truth.



While greed appears endemic in the corporate world and among its political cronies, the nonprofit sector has not been totally spared this insidious dynamic.



Some charity and foundation executives, with the complicity of their board members, have allowed greed to crowd out public service. Outrageous salaries, benefits, and other expenses characterize, although still proportionately few, far too many nonprofit organizations. These selfish practices not only imperil individual organizations but also make vulnerable the entire nonprofit world.



So where does all of this leave us?



We need nonprofit and foundation officials to call us to reject the avalanche of limitless political and corporate greed, first by naming it, then by exposing and helping all to see it, and finally countering it by promoting new public policies and private practices.



Corporations and the politicians they support won't fill this moral void. But the country increasingly is ready for the emergence of new leaders and a reassertion of important American values.



Leadership must come from the charitable and philanthropic community, and it is needed now. It is wrong to abdicate responsibility in fear of complex national and global dynamics and a polarized electorate. Timid or confused silence is not an option for those who assert to represent our better natures; rather, it is an abdication of the fundamental moral and social obligations of the charitable community.



The nonprofit world needs to speak clearly for the common good and to work assiduously toward it. Its organizations need to get beyond their own parochial interests and to find shared purpose across areas of concern. We all suffer at the hands of the greedy in and beyond the ways noted here. By pulling these pieces together, by pulling ourselves together, by showing the greedy for what they really are, we can begin to build a more democratic, caring and equitable society.



Mark Rosenman, a long time nonprofit sector activist and scholar, directs Caring to Change (www.caringtochange.org), a project in Washington that seeks to promote foundation grantmaking for the common good. A version of this piece also appears in The Chronicle of Philanthropy.







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Canon updates firmware for EOS 5D Mark II: Digital Photography Review

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Dallas Mavericks Blog - Dallasnews.com's Dallas Mavericks coverage includes the latest news, notes, commentary, analysis, blogs, e-mail newsletters, photos and videos of the Mavericks.

Canon updates firmware for EOS 5D Mark II: Digital Photography Review

Canon updates firmware for EOS 5D Mark II: Canon has released a bug-fixing firmware update for its EOS 5D Mark II full-frame DSLR. Firmware v2.0.8 addresses specific issues with video recording, live-view and flash settings.


robert shumake detroit

Yesterday, LAANE's research director Carolina Briones was a guest on the Patt Morrison Show, which airs on KPCC, a local NPR station. The subject was poverty, and LAANE had just released analysis of the new census data showing the extent of poverty at the local level.



One guest described the tragedy of living in a car with his wife and daughter as the recession took its toll on the construction industry. A caller then phoned in and described how he lived in a Winnebago for years in order to save money while working poverty-level jobs.



I was touched by these stories of people, not far from my neighborhood, making whatever choice necessary to survive when good jobs are not available. But then the caller went on to suggest that the answer to poverty was for everyone struggling today to follow his example and hunker down.



Beyond creating an initial picture in my mind of L.A's already-notorious freeways suddenly inundated with hundreds of thousands of Winnebagos, it did bring up an important thought as we grapple with the highest poverty rates in decades. There is a critical role for a social safety net to keep people stable and families intact amidst chronic unemployment and underemployment. And on the individual level, I never fail to be blown away by the ingenuity of people trying to make it for their families on far too little, especially in cities as expensive as L.A.



However, to truly reduce poverty, we need to address it as a community. The Winnebago example illustrates how unworkable it is to adjust the rest of our world down to the level of the poverty jobs that are actually available. What we need to do instead is raise the bar for jobs. We need policies and initiatives that help create good jobs and make them accessible for those who need them.



LAANE has put together a Poverty Resource Center on our website, with local economic analysis as well as some blueprints and examples of our vision to create new economy that works for everyone. Please visit www.laane.org/poverty and make use of these models as we seek to reduce poverty and create good jobs in communities across the nation.







Many of the seemingly divergent problems facing us today have the same fundamental cause: greed.



In both government and corporations -- and even in the nonprofit sector -- the greed of some damages and diminishes all of us while also undermining those very institutions that are supposed to protect us and America itself.



The stakes are too high and the time too fleeting for inaction. It is surprising that charity and foundations officials have not stepped forward and taken leadership to speak with clarity and with force so that truth can be heard and the public galvanized for action toward the common good.



Let's begin with government. By catering to the avarice of some of the wealthiest Americans, many members of Congress reflect their own greed -- to get and hold power they are willing to serve private interests over public ones. As a result, the portion of tax measures that directly benefit the rich may deny the Treasury about a trillion dollars.



Too many elected officials are willing to pay that price to curry favor. Yet, this painful loss of government revenue is little discussed by the vast majority of charity leaders, even those who are finding it impossible to maintain services amid federal and state spending cuts and losses in private donations..



Faced with deficit problems, politicians look reality in the face and then turn to wink at their campaign-financing benefactors. Congress let the estate tax completely expire for 2010, though continuing it at 2009 levels would have affected only the super-super-wealthy -- 99.75 percent of all estates would have remained free of the tax. Billions and billions of dollars ($9 billion in the case of just one Texan) flow entirely to heirs this year, costing the Treasury about $15 billion. This is particularly greedy since much of the privately retained billions comes from unearned investment gains that now will never be taxed.



The repeal of the estate tax was but one of a number of cuts passed during the Bush administration that have hurt people who depend on government programs -- and that means all of us.



President Obama wants to allow those other tax cuts to expire on schedule for the wealthiest 2 percent of Americans (those families making more than $250,000 a year) while extending them for everyone else. Many members of Congress, led by the Republicans, would preserve these other tax cuts for the wealthy at a cost of about $680-billion.



In fact, in 2011 alone, a plan promoted by Republicans would provide a $31-billion benefit just to households that already earn more than $1-million a year. Do these millionaires and their political agents really think it justifiable to deny a financially strapped populace the public services that that amount of cash could finance?



A focus on just tax issues is insufficient to fully understand the damage done to even to charities and the people they serve by an unending thirst for greater riches and power. We decry corrupt foreign officials, but seem to see nothing wrong with a Congress in which politicians solicit and accept contributions from the specific corporations they are supposed to oversee and regulate.



More than $2.5-billion was raised in the 2008 elections and more than 75 percent of that came from business. In fact, in their selfish quest for campaign contributions, elected officials fight to get assigned to the committees that regulate corporations with the deepest pockets. There are even "congressional charities" set up by some politicians to extend tax exemptions to their corporate benefactors. As the philanthropist Phil Stern once wrote, we've got the best Congress money can buy.



Corporations appear unconcerned with popular democracy, working instead to elect officeholders who look out for their private interests. The principal purpose of regulations is to protect Americans from dangers imposed by the unbridled pursuit of profit -- be it in our supermarkets and the foods that we eat, in the financial institutions on which we depend for credit and reliable retirement savings, or about what gets used in our homes, workplaces and communities and for our travels between them. Yet, businesses want to roll back oversight and rules.



While many nonprofit organizations work valiantly to strengthen protections in their areas of concern, relatively few charity or foundation leaders demand that this corrosive influence of money in politics be better controlled before this corruption of democracy gets completely out of hand.



Even in the face of global warming, confronted by heat waves, droughts and wild fire conflagrations, by astounding rainfalls and massive floods and landslides, by turmoil on and below our ocean waters, by Code Red alerts for the air we breathe, corporate lobbyists have managed to stop meaningful climate control legislation. Where is the voice of charitable leaders -- not just environmentalists -- to contest this capitulation?



How, in the face of obvious human and planetary disaster, can the greed of corporations for ever-greater profit, and of legislators in protecting their interests, be generally unchallenged by nonprofit leaders?



Those same dynamics of greed have brought us to the edge of economic disintegration and close to a double-dip recession. It was deregulation of banking institutions by Congress in the late 1990s that got us into this crisis, and now we see corporations keeping us in it. Beyond the grossly irresponsible gambling that turned Wall Street into a casino with safe bets for insiders, beyond their lobbyists' efforts to weaken the financial reform legislation recently enacted to help protect us from such behavior, corporations are now holding the economy hostage to their next quarters' profits. In spite of occasional stock market rallies, the economy cannot truly recover without jobs, and they aren't even beginning to offer enough of them



Although corporate profits set an all-time record of $1.37-trillion in the first quarter of this year -- and, astoundingly, they are sitting on $2-trillion in cash -- corporations are not rehiring the more than 8-million workers they laid off in this recession.



With unemployment hovering around 9.5 percent, it is said that corporate leaders are waiting for a more favorable business climate, by which they mean still lower taxes and still more deregulation -- and now they have the Obama administration working on $180-billion in tax cuts to spur hiring.



In effect, corporations are saying, Feed our greed or most Americans will continue to suffer.



And so too will nonprofit organizations. Corporate contributions fell significantly last year, and they are expected to remain flat in 2010 -- so besides holding back on the hiring necessary for economic recovery, they are also shortchanging the charities that are helping the jobless and other Americans in these terribly strained times.



More and more, "corporate philanthropy" seems to be an oxymoron -- their ostensibly philanthropic actions reflect marketing strategies instead of altruistic purposes. Cause-related marketing, profit-generating charitable partnerships, and publicity-seeking crowd-sourced donation programs all benefit corporations more than charities. After they cut a profitable deal with Verizon, we even see the much-heralded public-spirited Google reversing itself on the information age's fundamental social policy of Net neutrality. Again, private greed over public interest.



Greed may be killing the American dream. For about the last four decades, the income of 90 percent of Americans has essentially remained flat, and we are now seeing new generations of Americans actually losing ground, realistically expecting to do worse than their parents no matter how hard they try. During that same time, the income of the super-wealthy has more than tripled. We have seen the wages of CEOs go from 26 times the median income of Americans to more than 300 times that figure.



Most of us, wherever we work, simply acquiesce to what seems the inevitable imperative for greater riches. Too many of us just do what everyone else is doing, just want what everyone else is wanting. Yet we all hold some responsibility for not seeking and speaking truth.



While greed appears endemic in the corporate world and among its political cronies, the nonprofit sector has not been totally spared this insidious dynamic.



Some charity and foundation executives, with the complicity of their board members, have allowed greed to crowd out public service. Outrageous salaries, benefits, and other expenses characterize, although still proportionately few, far too many nonprofit organizations. These selfish practices not only imperil individual organizations but also make vulnerable the entire nonprofit world.



So where does all of this leave us?



We need nonprofit and foundation officials to call us to reject the avalanche of limitless political and corporate greed, first by naming it, then by exposing and helping all to see it, and finally countering it by promoting new public policies and private practices.



Corporations and the politicians they support won't fill this moral void. But the country increasingly is ready for the emergence of new leaders and a reassertion of important American values.



Leadership must come from the charitable and philanthropic community, and it is needed now. It is wrong to abdicate responsibility in fear of complex national and global dynamics and a polarized electorate. Timid or confused silence is not an option for those who assert to represent our better natures; rather, it is an abdication of the fundamental moral and social obligations of the charitable community.



The nonprofit world needs to speak clearly for the common good and to work assiduously toward it. Its organizations need to get beyond their own parochial interests and to find shared purpose across areas of concern. We all suffer at the hands of the greedy in and beyond the ways noted here. By pulling these pieces together, by pulling ourselves together, by showing the greedy for what they really are, we can begin to build a more democratic, caring and equitable society.



Mark Rosenman, a long time nonprofit sector activist and scholar, directs Caring to Change (www.caringtochange.org), a project in Washington that seeks to promote foundation grantmaking for the common good. A version of this piece also appears in The Chronicle of Philanthropy.







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Canon updates firmware for EOS 5D Mark II: Digital Photography Review

Canon updates firmware for EOS 5D Mark II: Canon has released a bug-fixing firmware update for its EOS 5D Mark II full-frame DSLR. Firmware v2.0.8 addresses specific issues with video recording, live-view and flash settings.