Showing posts with label America. Show all posts
Showing posts with label America. Show all posts

Friday, July 15, 2011

Headlong Into Quicksand: The Tale of Today in America

America?s 220 years of Democracy (of its 400 years) is longer than the Greek 100 (of 1000), the Roman 150 (of 1000), or the British 180 (of 1600.) These European democracies are the only large ones ever. Two collapsed as demoralized empires. Two moderns with one heritage of basicly Christian, Northwest European tradition, have been autocraticly led further away into decadent empires than people realized.

That disappearing heritage was America?s constitutional basis and durable strength.

America follows Greco-Roman decay steps toward collapsing empire die-offs after losing common moral understandings and family stability. Turning toward imperial quicksand began dictatorially in the 1801 court, built to Civil War, softened seemingly in the wild west, peaked untraditionally in the "liberal" socialist double-meanings of the 1930s depression, and led under continuous near-emperors into the post-war anti-traditional, anti-Christian, anti-moral, anti-family decadence of today.

Democratic repairs may exist, if traditional people come together. T

his book links its origin, in HUMAN CREATURES - A BROADER VIEW, to its sequel, TAMING THE VIPERS IN THE SLOUGH, through four histories of democratic civilizations: Lost limits on political leaders/governments, demagogues. Failed family/religious values. Consequent imperial disasters. America's 225 year large Democracy is the world's record. Why? Can we keep it, where others failed? already demoralized, decying?

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Wednesday, July 13, 2011

Review - All You Can Eat: How Hungry Is America?

All You Can Eat: How Hungry is America?, Joel Berg, 2008, ISBN 9781583228548

This book looks at the current state of hunger in America. Written by an anti-hunger activist, and former government official, it is not a pretty picture.

If food insecurity (the new euphemism for "hunger") is such a huge problem, then why are there so many obese African-Americans? Doesn't it show that they are getting more than enough food? What it really shows is that those whose food insecurity situation is bad, but not totally desperate, have to rely on cheaper high-calorie food that is full of chemicals and preservatives.

Why don't inner-city residents buy more vegetables, even organic vegetables? Most inner-city neighborhoods don't have a supermarket, so the people have to rely on convenience stores, that will carry cheaper pre-processed foods, instead of organic vegetables. Also, if you are given a certain amount of money, and have to make it last an entire week, vegetables are rare, and expensive organic vegetables are simply not a possibility. Find out what your state gives food stamp recipients each week to live on, and see if you can do it.

Another problem for inner-city residents is that the various government programs are administered by different agencies, which physically are nowhere near each other. It requires taking time off work, or finding child care, and getting on several buses, in order to go through several different sets of bureaucratic nonsense.

Everyone knows someone who says they have seen a food stamp recipient buying lobster or caviar or something else very expensive with food stamps. That is highly unlikely, because the average inner-city recipient has no access to such items, and benefits are distributed on what look like regular debit cards, to reduce the stigma.

What to do? Among other things, the author advocates putting all hunger programs together into one giant program. He also advocates making free school breakfasts available for all children, to reduce the stigma for children, and making healthy food much more available in the inner city.

This book is a large eye-opener. It is full of practical solutions, and is very easy to read (even with the charts and graphs). It is very highly recommended.

Paul Lappen is a freelance book reviewer whose blog, http://www.deadtreesreview.blogspot.com/, emphasizes small press and self-published books.


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Tuesday, July 12, 2011

Review - The Looting of America

The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions and Property, Les Leopold, 2009, ISBN 9781603582056

With America in the economic doldrums, a lot of attention has been paid to artificial financial instruments, called derivatives, created by Wall Street. No one has tried to explain them in plain English, until now.

Your local bank puts together a financial security pooling 10,000 debts (mortgages, credit card debt, car loans, etc.). That is a collateralized debt obligation, or CDO. An investor would get a portion of the interest owed by those 10,000 borrowers. There is always a risk that some borrowers will default on their loans, supposedly reduced by bundling together so many loans. The amount of interest an investor gets is based on the amount of risk they are willing to accept.

Of course, the bank has sold that security, or pieces of it, to other banks, municipalities, pension funds; anyone it could seduce with promises of high profits, with little or no risk. The security had been given a high rating by one of the major credit rating agencies, in exchange for huge fees, when such a rating was totally unjustified. Large numbers of borrowers start defaulting on their loans, because the local economy is in big trouble, and the bank is on the hook to pay off the security based on all that debt (not to mention being on the hook for the original debts). Unfortunately, the bank does not know the size of their obligation, because there is no public listing of derivative prices. They can't sell the security at any price, because the other banks are also in trouble.

Move that bank to Wall Street, and multiply the problem by trillions of dollars per day, and you get some idea of the size of the problem. Those who still worship the free market say that government intervention is the cause of all this. All that credit card debt, and all those home buyers who defaulted on their mortgages, knowing that they could not afford them, are what drove the economy into the ditch, not Wall Street. Simply cut taxes on the rich, reduce or eliminate government regulations on business, and the market will take care of itself. Nonsense, the author says.

He advocates greater transparency in derivatives, including a publicly accessible list of prices, and keeping them on an institution's regular books, not "off the books." He also calls for salary limits, and a consumer watchdog agency with teeth.

Finally, someone explains how the economy almost collapsed (in plain English). This is an excellent and eye-opening book that is very much worth reading.

Paul Lappen is a freelance book reviewer whose website, http://www.deadtreesreview.com/, has over 700 reviews on all subjects, with an emphasis on small press books.


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The Ruling Class - How They Corrupted America and What We Can Do About It

Book Review - The Ruling Class, how they corrupted America and what we can do about it by Angelo M. Codevilla

For decades experts have been discussing and debating about how important or vital it is to understand "power elite analysis" in order to fully comprehend the working of the American society. The events that make up the parts of history are not random or unconnected but have a political and economic aspect to them which can be sought out using one's intellect.

The American founding fathers realized this and they knew it well enough to see that it was the truth.

From all the books I have consulted that deals with this issue, I have not come across any other work that states this with more clarity and eloquence than this new book. It is vital that all who feel the need to join hands in the making of America's future should read it and share it with family, friends and acquaintances.

The grounds on which this book is based upon is the original article that was written in the American Spectator. This is one of the most concrete and vital essays written on the subject, which he then later expanded upon in this book.

After reading the book, I began to finally grasp the significance of the communist manifesto to inspire like minded individuals.

This great work of Codevilla has to be one of the books of our time. It is a brilliant piece of academic work which will be inspiring and a motivating factor for generations of Americans to come and draw their attention to the society in which they live and the country they need to make proud. This book is not only for Americans but also for the us who need to go back into their past and strive to better the future of our respective nations.

Angelo's book, The ruling class is a very fluent, intellectual and refreshing analysis of America. This eye opening book truly epitomizes the phrase "Its not what you know, but who you know".

If you would like to read a chapter of this revolutionary book click here

For your chance to get a free ipad or amazon kindle do check out http://powerfulreviews.com/ thanks.


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Monday, July 11, 2011

Third World America by Arianna Huffington, Current Affairs Book - Middle Class USA Economic Meltdown

Arianna Huffington, founder and editor-in-chief of The Huffington Post, the sixth most popular online news source, details the state of the nation's middle class. Her new book is entitled, "Third World America: How Our Politicians are Abandoning the Middle Class and Betraying the American Dream." Read her perspective and see if you agree.

Third World America presents in five sections, where Chapter One echoes the book's title. It's replete with stories and statistics highlighting the decline of America's middle class. How do you define "middle class?" It resorts to self-definition says Huffington. "If you consider yourself middle class, you are middle class."

The nation's vanishing industrial base, eroding educational system and decaying infrastructure, are decline contributors; as is high unemployment, where one in six Americans is either out of work or underemployed. Meet Dean B., who, at age 35, was laid off from his IT job in February 2009 and is still jobless. Kimberly B. sold her wedding ring on Craigslist to pay her family's utility bills.

Huffington further explores the plight of the middle class, citing fear as a predominant emotion. Obliterated 401(k) s, dwindling pensions, prolific foreclosures, and hints of future Social Security collapse; feed the anxieties. Many now believe that achieving middle class is luck of the draw, not unlike a prize on a scratch-off lottery ticket.

America's infrastructure is unraveling, Huffington declares, with insufficient remedial state and federal funding. Highways, electrical grids, waterways, railroads, and bridges, are a few of the casualties. Some water pipes, originally laid during the Civil War, are perilously operating.

Think August 2007, when the Interstate 35W steel truss bridge over the Mississippi River, in downtown Minneapolis collapsed; killing 13 people and injuring 145. Previous patchwork repairs proved insufficient.

The nation's school system is anemic, where the US ranks twenty-fifth in math and twenty-first in science among thirty developed countries; as ranked by the Organization of Economic Co-operation and Development. In 2009, America's broadband connection ranked fifteenth among industrialized countries.

Middle class America's downslide has been decades in the making. In the late 1980s, technology, outsourcing, and the loss of manufacturing jobs initiated a sputtering middle class economy with stagnant wages.

Ronald Regan's election saw the proliferation of free market beliefs: less governmental intervention could best determine society's winners and losers. Regan also ushered in the era of great divide between wealthy Americans and the middle class; which continues today.

Huffington says that an unregulated free market is sooner or later corrupted by fraud and excess. Witness the bank bailouts and Wall Street debacle of 2008.

American politics is broken, as powerful lobbyists and corporate America rule Washington. In 2010, three examples of regulatory failures due to corporate coddling, were the explosion at the Upper Branch mine in West Virginia; the BP oil blowout in the Gulf of Mexico; and the ongoing aftershock of the financial collapse, including fraud charges against Goldman Sachs. The voice of the middle class is but an echo in the Capitol chambers.

Huffington writes animated analogies to make her points. When discussing influential lobbyists, she says, "And like a swarm of termites reducing a house to sawdust, moneyed interests and their lobbyists are making a meal out of the foundations of our democracy."

Each chapter concludes with a profile of a once successful middle class American, who is now economically struggling. Their stories offer gems of twenty-first century insight, including "Stability is long gone, so you better be doing something you love!"

Third World America's title is extreme, Huffington admits, used to emphasize our nation's possible future, without serious reform. She concludes optimistically, that our descent into a Third World nation "isn't a done deal."

Americans are known for being positive, forward-looking people with a can-do attitude. Stopping the descent to a Third World nation won't be easy. It will take daring initiatives from the private and public sectors and personal responsibility. Now, more than ever, we must mine the most underutilized leadership resource available to us: ourselves. We'll still need the raw power that only big government and appropriations can deliver.

Ultimately, change happens on a local and personal level. Today it's up to us to help each other and ourselves. She advocates breaking up with your big bank. Executives took the governmental bailout, paid themselves record bonuses; yet are unsympathetic to those Americans facing foreclosure. Work instead with community banks and credit unions. The greatest antidote to despair is action; and resiliency is key to survive and thrive in the twenty-first century.

Huffington mirrors Robert B. Reich's message, told in his concurrently released book, Aftershock: The NextEconomy And America's Future. Reich, former Secretary of Labor in the Clinton administration, also endorses Third World America.

One book, presents one voice. Although some will argue Huffington's perspective, Third World America is a thought-provoking read on the present and future state of the nation.

To stay updated on Huffington's Third World America viewpoint, visit, http://www.huffingtonpost.com/news/third-world-america/

Timothy Zaun is a blogger, speaker and freelance writer. Visit him online at http://timzaun.com/.


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