Tag Archives: Economy

Solar Power, Prizes, Clean Water And Billionaires

” A Pale Green Mermaid Blog “

Clean power and clean water are two of the biggest problems that the world faces with the population  expanding over the earth.

If we were able to put a man on the moon, then we collectively can surely figure out a way to produce both innovations.  Since all the $ is at the top (recently created billionaires ) they as a group or individually, can offer monetary prizes to any individual that invents a way to-

process undrinkable water so it is clean

or make solar power a more consistent and inexpensive product.

Now, how can they do this without losing money but, as an added plus,  gain prestige?

Simple as pie!  Take say 1 million out of your multi millions and invest it in a stock that gives a good return – such as a utility, something that will always be needed and used by the public making the company stable longterm,

then take the interest from that 1 million and give it away in prize competitions !

The multi- millionaire retains his principal, his/her personal money invested, and inventors across the globe get a chance for moolah and the notariety of helping the world to become be a better place!

So this is a call out to all you billionaires!! Have some fun and plant some prizes out there and see how they grow into wonderful inventions that will put smiles on the faces of people across the globe.

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Levittown, The Fallingwater Of Bucks County?

” A Pale Green Mermaid Blog “

Fallingwater – Below from http://www.wkipedia.org,

Fallingwater stands as one of Wright’s greatest masterpieces both for its dynamism and for its integration with the striking natural surroundings. Wright’s passion for Japanese architecture was strongly reflected in the design of Fallingwater, particularly in the importance of interpenetrating exterior and interior spaces and the strong emphasis placed on harmony between man and nature. Contemporary Japanese architect Tadao Ando has stated: “I think Wright learned the most important aspect of architecture, the treatment of space, from Japanese architecture. When I visited Fallingwater in Pennsylvania, I found that same sensibility of space. But there was the additional sounds of nature that appealed to me.”[20]

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The fireplace hearth in the living room integrates boulders found on the site and upon which the house was built — ledge rock which protrudes up to a foot through the living room floor was left in place to demonstrably link the outside with the inside.

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Now what an original and Levittown house has –

Ceiling to floor windows in the front (kitchen) and  2 sets in the back of the house (living room)

Fireplace! open on 3 side, lights the kitchen and living room at the same time and shoots light down the hall into back bedrooms!

windows on every wall facing the outside light

Trees and greenery on each lot ( different each section ) sample-  mimosa, apple tree, honey suckle vine willow tree, so  when you look out any window you see green beauty

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They are beautiful houses that lend themselves to sitting and chatting while looking outside.

Levittown gets a bad rap sometimes and it was hit hard by the foreclosure “epidemic” but as I walk in the morning I see signs of renewal, like one street where the “new”  people moving in have put up white picket fences, they dot the street and echo the spirit of the old Levittown.

Mr. Levitt and his brothers did an excellent job in creating modest affordable houses with a hint of class and in doing so they also created a sense of community that lies within the bones of how Levittown is laid out.

Another example of this is the green areas which are many and woven into the landscape giving respite to the development.

There is much to be learned from Levittown and its architectural achievements.

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Levittown, Pennsylvania was the second “Levittown” built by William J. Levitt, who is often credited as the creator of the modern American suburb.

Levittown was planned and built by Levitt & Sons. The brothers Bill Levitt and architect Alfred Levitt designed its typical houses.

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See http://www.wikipedia.org

for more info!

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Look Back

” A Pale Green Mermaid Blog “

 

Looking back

you have to look back

to learn

looking back

over the Obama stimulus

guess what? it worked,

looking back ,

over 8 years of Clinton prosperity

then the Banking mess the republicans left

“I didn’t know whether to laugh or cry…..” Prez. C. says

Why did the prosperity end? Trickle down republican policies?

looking back over the Iraq and Afgahnistan wars

Suicide rates up 80 percent for returning soldiers

Too many tours- too much money spent on weapons- not enough on soldiers

we must look back

see the mistakes made

look back and learn.

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www.abcnews.com

The study, an analysis of data from the Army Behavioral Health Integrated Data Environment, shows a striking 80 percent increase in suicides among Army personnel between 2004 and 2008. The rise parallels increasing rates of depression, anxiety and other mental health conditions in soldiers, the study said.

The high number of suicides are “unprecedented in over 30 years of U.S. Army records,” according to the authors of the study, which was published Wednesday in the journal Injury Prevention. Based on the data and the timing of the increase in suicide rates, the authors calculated that about 40 percent of the Army’s suicides in 2008 could be associated with the U.S. military escalation in Iraq.

“This study does not show that U.S. military operations in Iraq and Afghanistan cause suicide,” said Dr. Michelle Chervak, one of the study’s authors, a senior epidemiologist at the U.S. Army Public Health Command. “This study does suggest that an Army engaged in prolonged combat operations is a population under stress, and that mental health conditions and suicide can be expected to increase under these circumstances.”

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Money Well Spent?
What Really Happened to the Trillion-dollar Stimulus Plan

by Michael Grabell

Money Well Spent?

 

Book Summary

Traces the evolution of the American Recovery and Reinvestment Act of 2009 while offering insight into its fiercely partisan supporters and detractors, explaining how the money was spent and what will be the most likely outcome.

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FORECLOSURE Aid, The Answer To Reversing The US Economic Downturn (and maybe the world’s downturn as well)

” A Pale Green Mermaid Blog “

 

The problem across the US is lack of revenue. 

Foreclosures are still happening at a unprecented rate. ( families are thrown out, houses sit and decay( I am judging this by my own neighborhood and what I have read), who benefits? short-term,the large investment banks through foreclosure fees)

Foreclosures are at the heart of this financial crisis because HOMES were used by the large investment banks as the key component of the so-called toxic derivatives  (risky) ponzi-like investments that they sold nationwide to investors.

What we are seeing now is the attempted cleanup of those investments  by banks by foreclosing and collecting the foreclosure fees RATHER than readjusting  the sub- prime loans (mortgages)

Why are the banks who offered these credit card loans  ( high interest loans, loaded with fees) not readjusting the loans as President Obama hoped, by lending them money from the government with low-interest rates ?, ( his mistake was not to make the loan of the money dependent on the use of the money i.e. only to readjust mortgages)

because they can make  more money collecting foreclosure fees. ( as one bank official said)

 

SOLUTION!

This is not my idea I heard it on NPR (National Public Radio) long before the general public knew of the crisis but experts saw the impending problem and were offering solutions.

It was an official from the Reagan administration and the Carter administration.  They said- offer a 4% mortgage readjustment across the board, to anyone that has a mortgage, those caught up in the crisis and those who were not.

VIOLA it is the answer, fair play- a democratic solution! banks were helped ( bailout)

now citizens should be helped and the resulting revenue will easily turn the economy around,

why?

because communities would stabilize, citizens would stay in homes and the flow of money from those homes  would be going into every nook and cranny of this great land.

The only party that would take a small hit are the banks that created the crisis, –long-term the banks will prosper as would the communities themselves.

HOW?

All citizens who have been foreclosed upon or are in the process of being foreclosed  or are in the pipeline of subprime loans to be foreclosed upon, need to organize into a lobby

yes, a lobby which is a group that forms to discuss a single issue with congress, and lobby to have all citizens be offered a 4% mortgage rate.

Think of all the jobs that will be created,  paid for by the banks ! One expert early on said there are not millions of these bundled mortgage loans not billions but trillions.

So it can be done, all we need is one person to start this process ?

PEACE and any volunteers?

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A great advocate below from www.wikipedia.org see for more info –

ACA (Neighborhood Assistance Corporation of America) is a Boston, Massachusetts (US) based, national, HUD-certified, non-profit, community advocacy organization. NACA’s primary goal is to build healthy neighborhoods nationwide through affordable home ownership. The organization was founded by Bruce Marks, a former Federal Reserve Bank of New York official, in 1988. The non-profit’s two major programs are its Purchase Program, labeled “America’s Best Mortgage”, and its Home Save Program, highlighted by NACA’s wildly popular “Save The Dream” events.

Save the Dream and American Dream Tours

To reach and help a maximum number of suffering homeowners, the telephone and internet based Home Save Program developed its “Save The Dream Tour” concept, taking the Home Save program on the road, effectively setting up mobile servicing centers on its tour stops. The first “Save The Dream Tour” event was held July 19–23, 2008 in Washington, DC at the Capitol Hilton Hotel. More than 20,000 homeowners attended. Each event averages five days and routinely sees 30,000 homeowners seeking mortgage help.[9]

Representatives of the major servicers who have signed agreements with NACA are also on hand at Save The Dream events, providing same-day solutions for many homeowners on-site. Major breakthroughs with government backed investors such as Fannie Mae and Freddie Mac have been realized, with their representatives in attendance at Tour events also.

By the end of 2011, NACA had produced 55 “Save The Dream Tour” events, having visited especially hard-hit areas such as Chicago, Washington DC, Atlanta, South Florida and Los Angeles more than once. NACA’s eleven-day “Save The Dream Tour” event in Los Angeles, California January 20–30, 2011 was the largest foreclosure prevention and mortgage modification event in U.S. history.[10] Los Angeles Mayor Antonio Villaraigosa addressed homeowners, volunteers and NACA staff at the event, expressing his astonishment and appreciation for the work NACA is doing and emphatically inviting NACA back for a fourth L.A. Save The Dream Tour event.

Los Angeles Mayor Antonio Villaraigosa speaking to homeowners at NACA Save The Dream Event

The event even drew the attention of the Hollywood motion picture community, with an admiring film crew creating a brief documentary of the event, talking with both homeowners and NACA staff members, including CEO Bruce Marks, about their Save The Dream Event experiences.

Save The Dream Los Angeles documentary

NACA began 2012 with its first ever “American Dream Convention” January 10–15 in Atlanta, GA. Every NACA staff member from all 40 offices across the country was in attendance for three days of training, plus a massive combined “Save the Dream” and “Home Purchase” event, with live, face-to-face counseling taking place all six days.[11] The combined event provided to be so successful that the organization renamed their tours “American Dream” events and now bring both the Home Save and Purchase programs to each event. Reportedly, NACA plans to conduct a record 42 “American Dream” events in 2012.

Bruce Marks, NACA Founder and CEO speaking to homeowners at a NACA Save The Dream event.

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www.congress.org

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Go Ahead, Make Me

I agree with you, I want to do it, now make me do it.

Franklin D. Roosevelt
Comment to a group of reformers. His point: Until they lead the way, they shouldn’t expect leaders to follow.

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The Third Rail In This Economic Recovery – Foreclosures!

” A Pale Green Mermaid Blog “

 

Money borrowed by banks at 0 percent from Govt

but banks won’t lend unless 29.99 percent

you are a risk

we need to protect ourselves—

we  alone, are allowed to gamble

take risks with depositer’s money ….. bundle dreams and sell them down the river

make money off fees

short-term payoff,

long-term— — —

empty houses

2 per street

people on the street, their homes sitting empty

communities crumbling

no residents

no revenue

banks won’t re-adjust

even if the government says ” It is a must, that’s why we bailed you out gave you money to lend, gave you money at zip interest! “

we’re not interested they say

the fees are our horn of plenty, our horn of plenty

please lend us more money (Mr. Government, at zip percent )

We will remember you at x-mas time! We promise and big banks always remember…..

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My neighborhood once solidly middle class now has on avg. 2 empty houses per street, this in a community where you rarely saw a for sale sign for fifty years. And houses are still falling homeowners are still being thrown out onto the street while their homes are empty and begin to decay. 

This is happening across the United States Of America.

Tomorrow the SOLUTION, it is so easy it makes me cry!

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Below article from www.altnet.com

Investigations  –

Very Bad Things Happen When We Depend on the Same People Who Caused the Foreclosure Crisis to Track Its Destruction

There is not a single federal agency that has tracked foreclosures comprehensively, a massive information gap that prevents the work of journalists, advocates and policymakers alike.
August 5, 2012  |  
 
 
 It’s a simple set of questions: “How many foreclosed properties are there in the country? What zip codes are they in? What factors sent people’s homes underwater?” For policy makers, journalists or anyone trying to size up or address the years-old housing crisis, these questions present the natural place to start. But their answers don’t quite exist.  
In Chicago, for example, the city’s official vacant property count, which relies on the banks’ reporting, hovers just under 5,000. The Chicago Tribune estimates 18,000. Housing activists say there are well over 100,000.   
 
See www.altnet.com for full article

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Fresh Food, The Price Of Vegetables And Bubble up Farmimg

” A Pale Green Mermaid Blog “

 

What is fresh?  Fresh is when you are standing behind a pickup truck and a farmer releases the latch and everyone dives for the biggest corn cobs  as they tumble and slide down onto the back of the truck.  Fresh is tomatoes in a huge basket being dumped on a cool wooden table under the shining sun – no two tomatoes ever looked alike …..What is fresh? When you  bite into a plum you just bought and the juice spurts and falls down your chin onto your crisp white top!

That’s fresh!

That has been my vegetable buying experience until 5 years ago -the combo of genetic engineering for perfectly shaped fruit at the loss of taste and nutrition and factory farming taking over too many small farms has changed all that.

 But last week I found a good stand where yes! they pulled up in a pick up truck as I arrived ! and the peaches are juicy, the corn sweet and tender- as I left the stand 2 workers got their dog ( who just happened to look exactly like my old dog pickle) to bring an ear of corn to me at my car, I looked over and they were leaning against the pickup laughing—that is bubble up farming!

 

We take control farmers and eaters join hands and complete the cycle of life love and eating!!! So search out the farm in your area and buy directly from him or her ,WE can and will keep the prices down that way, and keep the fun of food alive!!!!!!

Support your local Farmers they are so cool!

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Step Two, Reenact Glass-Steagall, Banking Rule And Toughten It As Well.

 

” A Pale Green Mermaid Blog “

Reenact the Glass- Steagall Act of 1933 that President Roosevelt put in place during the depression and that was repealed in 1999. ( banking rule )

The article below describes in concise detail the mechanisms the Glass- Steagall act provided, to control  the investment and lending  practices of banks, 

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From, Which Idiot Decided To Repeal Glass-Steagall? www.voices.yahoo.com 

By: selise Sunday February 22, 2009 7:28 pm
 

Note: In a previous diary on OTC Derivatives (Which Idiot Decided Not to Regulate Credit Default Swaps?) we looked at the legislative history of the Commodity Futures Modernization Act of 2000. Today’s topic is the Gramm-Leach-Bliley Act and the repeal of Glass-Steagall—a part of the deregulation story of how our banks got “too big to fail.” For additional details and reference links see my Financial Regulation Timeline.

From Stiglitz’s 2003 book, The Roaring Nineties (typos are mine):

For more than half a century, commercial banking, which takes deposits from households and firm and makes conventional loans, had been separated from investment banking, which helps firms issue new bonds and shares. The same company could not lend money and also sell securities, in other words. The Glass-Steagall Act, which barred this, was one of the reforms put in place by the administration of Franklin Roosevelt, in response to the wave of bank failures that had followed the Great Crash of 1929. But the ideas behind Glass-Steagall went back even further, to Teddy Roosevelt and his efforts to break up the big trusts, the large firms that wielded such economic power. TR and the Progressives of the early twentieth century were alarmed not only about the concentration of economic power but about its impact on the political process. When enterprises become too big, and interconnections too tight, there is a risk that the quality of economic decisions deteriorates, and the “too big to fail” problem rears its ugly head. Expecting to be bailed out of trouble, managers become emboldened to take risks that they might otherwise shun. In the Great Depression, when many banks were on the ropes, it was, in effect, the public that bore the risk, while the bank got the reward. Wen banks failed, the taxpayers paid the price through publicly funded bailouts.

The Glass-Steagall Act of 1933 addressed a very real problem. Investment banks push stocks, and if a company whose stock they have pushed needs cash, it becomes very tempting to make the loan. The U.S. system worked in part because under Glass-Steagall the banks provided a source of independent judgments on the creditworthiness of businesses. When a “full-service” bank makes most of its money by selling equities and bonds or arranging “deals,” issuing loans becomes almost ancillary—a sideline.

With Glass-Steagall, the United States rejected the course followed by other nations, such as Japan and Germany, that did not separate commercial and investment banking—I believe to our evident benefit. But American banks themselves saw Glass-Steagall as reducing their opportunities for making profits and not surprisingly began to insist that the rules separating commercial and investment banking had become passé. In an age of free-floating capital and giant multi-national companies, they argued, banks had to be integrated, to make advantage of what are called “economies of scope”—the benefits that businesses can reap by working in many different areas at once. Global competition was too intense for bank concentration to be a serious worry (though in fact, many borrowers, especially small and medium-siaze firms, have access only to a few potential lenders), and Glass-Steagall supposedly put American banks at a disadvantage.

In the mid-nineties, the banks mounted a concerted campaign to have Glass-Steagall repealed. The conditions were favorable. Prosperity made the notion of bank failure seem very remote (though the S&L crisis of the eighties ought to have been a caution).

Full article at site listed above.

The argument is that the act would not have prevented the recession but it would have slowed it down made recognition of what was happening clearer and provided a structure within which banks could be forced to comply.

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