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LadybugFlights
April 2008 Vol.10 #4
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On the heels of my New Year's column, in which I touched on the subject of climate change, and in honor of Earth Day, I wanted to revisit the subject, but in a more practical sense; to give you some tools as to how you can live greener; easily, relatively cheaply, and in turn do your part to help save our third rock from the sun. Had George W. Bush not stolen the presidency in 2000, Al Gore would likely have not made 'An Inconvenient Truth,' and the birth of the modern global environmental movement would probably not have happened, at least for many years to come. You see, the Universe does have a plan; we just need to be open to it. The awakening to what we are doing to our planet took its time to blossom, and it may already be too late to fully turn the tide, but at least there has been a shift in awareness, and more and more we are seeing a 'greening' of the everyday things in our lives; from food (as in the organic movement), to the rush to find alternative and sustainable power sources. Suddenly, the photovoltaic cell (solar panels) has become part of our lexicon. Still those hybrid cars remain out of reach for most of us, but eventually the prices will moderate...if we create the demand, they will come. Already, auto makers are falling over themselves in their efforts to provide vehicles with better mileage. None of the bigger companies have come close to making acceptable mpg, especially with gas heading up to $4 a gallon (from the $3.00 I moaned about in January), but it's a start. There are many small changes that you can make that will help you do your part for the environment, and we will touch upon a few of them this month. It is better to do something than nothing at all, and if we all hold that thought in mind we CAN make a difference. From A to Z:
If you can't afford a hybrid, check out the ways to save in the links below. You should keep your tires properly inflated to save on the mpg. And, fill up your car either early in the morning, or early evening, during warmer weather, to save at the pump too - you get more gas and fewer fumes. Keep the trunk of your car free of heavy items as the extra weight will cost you more to haul around.
B is for Balls, Blue Ones:
C is for Composting:
D is for Drinking Water:
E is for Energy Star Appliances:
F is for Food:
G is for Glassware:
H is for H.E.P.A. Filters:
I is for "(An) Inconvenient Truth":
J is for Juicing:
K is for Kicking the Bad Energy Habit:
b) Only switch on lights in the room we are in at the time, and use the new fluorescent, energy-saving bulbs (see L), which will save us and the environment a bundle! c) Instead of stripping off all our heavier clothes (or putting on a jacket in the summer because the a/c has put a chill in the air), because the house is so toasty, we could keep on a sweater, or warm sweatshirt, and be just as comfortable. A pair of warm, natural fiber socks always feels good too! d) Most firewood does not come from sustainable (renewable) sources, and cutting down trees just to heat our homes is not something that is necessary (it just looks and feels good) for most of us these days. Smoke is also polluting. If we want a fire, we should purchase the eco-friendly, slow-burning, smokeless, fire logs made of recycled materials. e) How about cooking such dishes as stews, biscuits and other dinner dishes on the weekend, and putting them into the freezer until needed, thus keeping cooking times to a minimum the rest of the week, when we can put a dish to thaw out in the fridge and reheat using a microwave or toaster oven upon our return? This saves considerable energy in the long term. Simple, really. Another tip: keep your fridges and freezers well stocked (not jam packed) - they use less energy that way.
Compact Fluorescent Light bulbs (CFLs) are everywhere now, and the prices are coming down as a result. By replacing each regular incandescent bulb in your home with a CFL, you will be saving a whopping 75% in energy, not to mention that the life of CFLs is approximately 10 years, so savings translate accordingly. N.B. These new bulbs contain mercury, so if you break one you need to call your local Poison Control Center to ask about clean up. Also, because mercury is toxic, you will need to ask Poison Control where to dispose of them when they eventually burn out!
M is for Man-made:
N is for Natural Cleaning Products:
O is for Organic:
P is for Plastic Bags:
Q is for Question:
Recycling:
S is for Shower Heads:
T is for Toxins:
UV Rays:
Washing:
X is for Xeriscaping:
Y is for YOU!
Z is for "Zeitgeist": And on that note, I would like to wish you and yours a splendid spring, and HAPPY EARTH DAY! Until next time................Go Green! Lots of links for you this time: Wikipedia's Info on Solar Cells (Photovoltaic cells) HGTV has some great ideas on green living Good info on juicing and eating raw foods Info on Compact Fluorescent Light Bulbs (CFLs) Many Uses of Hydrogen Peroxide Info on low-flow shower heads and aerators In case you want to know about toxins The Ozone Layer, the basics from NOAA Plant a Florida-friendly Garden
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Listen to Tina on "BLue Lips" at LadybugLive and...
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| Spring is here, and outside the windown your colorful feathered friends are singing a heatfelt welcome as they visit the feeder. Do you know who they are? eNature can help you figure out a lot about your winged visitors and other wildlife. The site has a wide variety of options, many specific to your own area. Type in your zip code and identify what birds or animals are native to that zip. We have five birds of the cardinal family who live in northwest Missouri, and I have looked at their descriptions and listened to their songs. Next time I see a rose-breasted grosbeak, I'll be ready. In fact, if you see a bird, the site will help you identify it. I saw a hawk-like bird the other day, flying high. : I went to the website and selected the option of identifying a bird. I clicked on the colors I saw, gray, brown and black. It seemed about 15 inches long, and I saw it here in the suburbs of Kansas City, Missouri. There are three possibilities… it looked most like a peregrine falcon! And once you identify a critter, you can add it to your own personalized list of wildlife sightings. Games and quizzes make the site fun for kids, and you can send wildlife e-cards with delightful nature images. Ask an expert if you can't find the answer to your question among those already there. Suppose you want to travel farther in your birding adventures. With WebCamLocator you can quickly find links to other people's birds. Watch a nesting box in Germany at www.birdcam.de . Some of my favorite birds are hummingbirds, which have not arrived here in Missouri yet. When will they show up? Soon, according to hummingbirds.net, which indicates they have reached the southwestern tip of the state and it will be time to put out the feeder in about two weeks. Whatever your question about birds, you can find an answer on the internet - I hope you can enjoy many of them this spring and all through the year. |
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Separation of Joel and State In Joel's elementary school, they say the Pledge of Allegiance and sing the National Anthem every morning. The principal of the school recites them both over the intercom. I was surprised to hear that because I thought both things were long gone from the classroom. I also remember distinctly when morning exercises disappeared from my own elementary classroom. A young Jehovah's Witness and her parents fought through the school board to have it all removed because it offended them and went against their religion. It was all in the name of the separation of church and state. I didn't understand then or now why the simple stating of the pledge and our nation's anthem separated anything but there were key words that went against too many things. The little girl in question was really too young to understand and one of her parents was not even of the religion in question. It was all very convoluted and political but it worked. Even with masses of parents fighting, the pledge and the anthem went away. One child spoke for the school. This was also the point that Easter Break and Christmas Break got name changes for the same reason. They became Spring Break and Winter Break. At Joel's school, the latter names still stand. Parents can bring in books and discuss the religious holidays but teachers aren't allowed to mention any of the Christian holidays by name. They have to explore snowmen and flowers. Even at six, Joel is a little confused why the name doesn't reflect why he is getting time off. Most of his class is actually Protestant despite a relatively large proportion of international students. Interestingly enough, his teacher can mention the other religious holidays and even explore their history and background. The few that aren't Protestant enjoy more freedom than the majority that are. However, unlike my classmate thirty years ago, the children of today seem to speak their minds and be much more informed about their religions, politics, and world. In Joel's kindergarten class, they discussed the primaries and what each of the parties stood for and their historical backgrounds. They have examined racial issues and the differences between different cultures and civil right's history. It is all done carefully and at a child's level but the messages are getting through. We have always thought that, as parents, we are ultimately responsible for our kids' education. While the school provides a large portion of their everyday education and the church offers Sunday school instruction and services, we still are the main educators and help them sort things out. It is hard to tell at these young ages what is getting through from any source. I found out Emily knew who Jesus was as she pointed to a Christmas card and announced that was "the baby Jesus. I love him". Joel has been in church since he was a baby and now sings and recites the set parts of the service. Joel's religious education has been longer and more intense than Emily's. Again, I wonder what is getting through. I wonder where his own confidence and voice are as he matures and finds his own identity. Around Christmas time, I found out exactly how strong he is. While the teachers are not allowed to talk much about religious holidays or services, the kids apparently don't see that same division. One little girl proudly told the other kids that her church was the only one and that they all should come there and that they should be saved. After meeting her mom, I knew she was just parroting. The mom told me she instructed her on how to act and what to say to "save" the other kids. Joel's class is a very international one and I can imagine that the children might have felt offended. Even with my own evangelical upbringing, it made me cringe a little to think of the approach and heavy-handedness implicit even in a six-year-old. Yet, she was serious and standing up for her beliefs. Joel came home and very matter-of-a-fact announced to us that three of the Indian children in his class told him they went to temple and prayed to statues. We started to explain the situation to him. There was no need. He proceeded to let us know that he told them that was against the ten rules to pray to anything other than God. We inquired a little further and he said they all just went back to playing. There was no prostylizing or inviting to services or even intentional condemnation. There was nothing about appearances or whose religion was better or worse. It was just four kindergarteners discussing their lives and comparing their backgrounds. They each stood up for what they believed. It was an equal, unrehearsed, unprompted discussion that probably went well above many adult conversations about theology in its civility and brevity. I am reminded of the saying about the man who didn't come to the aid of any of the other people of other religions as they were taken away. In the end, he was all alone and no one came for him. I do question myself that I don't have the presence of mind or maybe even the courage to stand up for my own religion in a setting like school. I think back to when I had the chance to fight back and keep the pledge and anthem and even the Lord's Prayer. I wish for the strength of my son and the simple yet profound words that he says without a second thought. I am thankful that there are still remnants of our forefathers in the classroom and that there are flags flying outside the school. While church and state may remain separated, I know that Joel already has a foundation to stand on and that he won't be separated from his beliefs.
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Sir Edmund Hillary's Little Namesake Strikes Again
I try to keep the fact that I know nothing about current affairs hidden by making a rule for myself to never write about them. This morning I decided I don't need no stinkin' rules. I mean after all, isn't life just one big experiment anyway? That's what my hair thinks. And if it's good enough for my hair it's good enough for me.
Yesterday, on my way to the Home Shopping Network, I made a pit stop at the quickie news where I saw Hillary saying this about a trip she once took to Bosnia.
"I remember landing under sniper fire. There was supposed to be some kind of a greeting ceremony at the airport, but instead we just ran with our heads down to get into the vehicles to get to our base.'
I noticed that Hillary had a little chuckle in her voice when she said this, playing it off like it "weren't no big thang!" When it later turned out that what she said "weren't no big thang" because it wasn't true, she simply explained she had misspoke. But what does that mean?
Blog with Linda! ~ Read her thoughts on "My Empty Nest" at www.OverTheGardenFence.com |
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THIS MONTH:
Shimon Weinroth
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If you were engaged by Shimon's poem listen to his MooseMeals.com program The View From Anywhere. If you would like to chime in, go listen and send him your comments!
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Dr. Jeanette is leading a discussion of the Presidential nominations. Join in. |

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We are serializing Flying Lessons for Butterflies by Sheila Whitman. Sheila Whitman is a Professional Counselor and Life Coach, with a private practice in CT. She has done agency counseling with pregnant and postpartum women, and coordinated a residence for women and children in a domestic violence program. Sheila strives to nurture the potential of her clients, and understands that past or current abuse is incredibly detrimental to this goal of self-actualization. The lessons contained in this book invite the reader to challenge old beliefs, and make concrete changes in self-esteem and creative risk taking. Emphasis is on strategies for altering perceptions and behaviors that may have been distorted during childhood, and the development of a healthy integration of mind, body, and soul. The underlying message is that every individual has great value and can eventually soar to discover his or her best self. Sheila completed her B.S. at Temple University and M.S. at Southern CT State University. She is a Licensed Professional Counselor in Connecticut and a Registered Professional Counselor in California.
Information about Sheila Whitman's counseling and life coaching can be found on the web site http://www.counselorlifecoach.com/.
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How to free yourself from the effects of abuse
Chapter 2
Lesson 6 - Assess the warning signs for current or impending abuse
In the following discussion of these questions. Listen to your instinct. If it feels wrong, it probably is! Discussion of Lesson 6 1. Rejection, anger, or abuse toward any one of these should be a warning sign. Sometimes, children or pets are abused, in an effort to control the person who loves them, or they may simply be the victims of uncontrolled violence. Behavior with friends can be deceiving, since some of these individuals are very charming in public. This can mislead casual acquaintances and cause partners to think that no one would believe their revelations of abuse. However, if an acquaintance offers support or assistance to the victim, an abuser often reveals his/her true personality. 2. You should not live in fear, or be the scapegoat for the normal experiences and emotions of another person. 3. A mature adult takes responsibility. One who blames others creates confusion and guilt, while avoiding any personal consequences. 4. You should expect to be an equal partner, not a silenced one. 5. Openness in a relationship creates trust, safety, and mutual understanding. A controlling partner may be unwilling or unable to show vulnerability, and may reject feelings that you express, or use them against you. 6. These behaviors can prevent your interactions with others, adding the too frequent ingredient of isolation to the relationship. 7. Drug or alcohol use does not predict an abusive relationship. However, it can reduce inhibitions, and a person who is controlling or inclined to be abusive may be more likely to act on this when drinking or drugging.
Lesson 7 - Forms of Abuse Check the actions that have occurred in your relationship.
A Yes answer to any of these indicates an unequal, controlling relationship. Often there are many forms of abuse occurring at the same time, and sometimes it escalates from hands off to hands on abuse. Regardless of the form it takes, you will invariably pay an emotional price as the recipient. Lesson 8 - The Cycle of Abuse
- partner apologizes profusely, is very affectionate and solicitous - brings flowers and gifts, promises it will never happen again - you agree to reconcile, give him/her another chance 4. Calm period 5. Escalation and building up to crisis 6. Crisis again
What makes some people, especially women, remain in abusive relationships, while others run the other way? It's important to understand that women place a high value on connection, and will endure, forgive, and work tirelessly to sustain something that began as love. These bonds are formed in the early days of a relationship, and are easily reinforced by acts of concern or affection. Research is proving that a woman's identity is tied, in part, to her skills in relationships, and giving up on them detracts from this. But, it would be simplistic to assume that there is a single explanation for why women are particularly likely to stay. Many reasons, such as money, and fear of being sick, alone, or homeless may hold her in an unhealthy partnership. I can't count the times that women have expressed to me their fear of living under a bridge. Children are a barrier to leaving, either because the partner threatens to take them, or the woman may not want to deprive them of a parent, albeit one who abuses their mother. Also, it should not be forgotten that the most dangerous time is when she tries to leave. This may infuriate and make her partner desperate, and is a real safety risk. All of these issues are deeply rooted in the cultural role of women, and are entwined with economic considerations and the importance of love and kinship. If there was early abuse or loss of a parent, the decision to leave could represent one more unacceptable loss of family attachment. Certainly, there are plenty of children who weather such circumstances and proceed into tranquil adulthood, but the themes of abandonment and early mistreatment are present in many who live with abuse. The losses and/or uncertainties of childhood may have impacted their sense of personal value and control over their lives. If these perceptions become incorporated into adult relationships, a woman may feel insecure about its permanency and in herself as a partner. If a woman believes that she is inadequate, another person's attention and jealous isolation can make her feel loved, and it is deceptively easy to become dependent on another human being who provides this. If this was missing in the past, she may feel it is undeserved, and will continue to work at keeping it. A healthy childhood foundation can hold you up with strength, while a weak one may need to be counterbalanced with action in the present. If you understand the events of your childhood, and learn what is required to become strong, you are already on the path to acting in your best interests.
Next month: Begin Chapter 3: HEALING EMOTIONAL ABANDONMENT |
To order Flying Lessons for Butterflies: How to free yourself from the effects of abuse:
Contact the author at 203-910-4279 or WhitmanLPC@aol.com

We invite any of you to contribute on this subject. We feel it is important to continue the discussion of domestic violence.
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LadybugLive.com, MooseMeals.com, and TeenTalkNetwork.com
We have it all News this Month:
Relationship coach, a new slant on poetry, new books from two of our best Edythe Denkin, Ph.D., a marriage and child specialist, teacher, coach, motivational speaker and a published author will host "Ask Dr. Eydie" on LadybugLive.com, while we are expecting poet Joan Adler, "Adora" to begin a series for poets on her return from Mexico. Dottie Moore, host of The Gallery at ladybugLive.com has finally finished recording her book, Lives in Process, The second fifty years, about quilting, art and women, so watch for the audio version (complete with the original text CD with images) in our store!
AND Tina Steele is back with incisive political comment on Blue Lips on MooseMeals.com. Her guest this month will be:
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A Conversation with |
Interviewed by Justin Spring of SOUL SPEAK |
Georgia@ladybugbooks.com
Please use the subject title: NewVoices Information
It's Not Your Same Old Radio!
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"There are people who have something to say and those who have something to sell. We are interested in the ones with something special to teach the world."
For LadybugLive, TeenTalkNetwork, and MooseMeals to continue growing, we need correspondents and readers. The process is quite simple: submissions are by email. If accepted, a reader calls, either our local or our toll free number as directed in the acceptance email, to record. What will you be recording? We are looking for: readings of original creative work, comment and commentary, and ideas for regularly appearing programming that can be done within this format. We are not able, as yet, to do direct call in shows, but shows that require listener (delayed) response are OK. All of this, of course, within the same guidelines as everything we do: Of interest to women (no particular restrictions). This format might also be ideal for some of those traditional topics, such as clothing and makeup, with a fresh "twist."
We strive to bring you the best in women's writing. And... Keep up to date on what is happening at NewVoices and LadybugFlights by signing up for our monthly newsletter:
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We also offer our audio programs in downloadable MP3 format for offline listening, and at the same modest subscription price With no unwanted advertising! We know online radio is new to many of you but we also know how rewarding it can be. So, if you need help to get started, don't hesitate to contact Georgia for help... And, hey! Our hosts love hearing from you!
Our teen site, TeenTalkNetwork.com programming is safe no porn or other unwanted promotions are attached to our files.
New programming is always available at:
TeenTalkNetwork.com
MooseMeals.com
LadybugLive
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What Happened at Bear StearnsThe Subprime Mortgage Collapse
In mid-March the Federal Reserve and Treasury Department provided financial assistance to JP Morgan Chase & Co.’s, making it possible for JP Morgan to purchase a crumbling Bear Stearns. This raises a lot of questions for investors and us the general public, not the least of which is whether this action by the Fed amounts to a taxpayer-funded bailout of an investment bank. This is one to keep an eye on, especially if you are retired and have investment funds you think are safe. The Basic Details of the $263,200 TransactionQ. What exactly did the Federal Reserve contribute? Q: Is it possible/likely that we taxpayers will ultimately be on the hook? A: It is possible. The Federal Reserve’s actions could be the forerunner for a much broader government action to stabilize the mortgage market. Congress is being pressured from all directions for a government-funded effort to help borrowers refinance out of troubled loans.
(Editors observation: does this look like a happy camper?)A: Yes. Alan Schwartz said on CNBC that Bear Stearns was not having any trouble funding its business. He may have been correct, given what he believed at the time. But confidence matters at least as much as reality, and his statement wasn't’t enough to reassure investors. Q: What happened between Wednesday and Friday? A: It appears there was a classic bank run: Nervous clients decided to take their money out of Bear Stearns, but Bear Stearns said Friday that it did not have enough money on hand to meet all payments. When word got out, many more clients demanded their money. Q. How could Bear not have enough money with recorded assets of $33 billion? A. They faced a liquidity crisis. Those assets were not all liquid which means they weren't ’t easily convertible to cash that could be paid to investors. Q. What about any Bear Stearns shares you might own? A. Bad news: They are worth at least 95 percent less than they were at the start of January. The Possible FutureQ. Will this be just the start of the meltdown? A. The subprime mortgage collapse now hitting Bear Stearns may be just the start. Serious analysts from big investment firms are talking ominously about "the big one". It will make you angry to learn just how the investment industry has got you involved. If you can understand what's happening, you should have time to move your investments. So let's get to the bottom of the problem. From subprime mortgage to MBSIt all starts with the mortgage. About 6 million people in the United States who have no money have borrowed about 100% of the value of a house, right at the top of a housing market which has since collapsed. These are the subprime borrowers. The lenders worried very little about the risk of default, because they rolled these mortgages into bonds called mortgage-backed securities, which they then sold. They got out from under the risk within a few weeks, because by then these re-packaged mortgages belonged to other financial organizations. But it's not always easy to sell a package of these mortgage-backed securities (MBS). Selling these products requires that the credit quality is guaranteed and because the underlying mortgages are subprime they are quite likely to go into default. So a credit-ratings agency will only give the subprime MBS a low credit score, which means it is not considered investment grade. That disqualifies it from the portfolios of many professionally managed funds. This is where it pays to get a bunch of smart investment bankers involved. The investment bankers slice the MBS into several portions. These are known as collateralized debt obligations, (CDOs). The idea is to create some higher risk assets and some much safer ones by cutting up the MBS into what are called equity high risk, middle risk, and the high demand investment grade bonds (low risk investments). Higher risk equals higher returns, of course, so the MBS will earn the highest profits if things go well. But if things start to go wrong, the equity is lost first, and then the middle group follows. After that, the investment-grade bonds are likely to get fully paid out. This influences the credit ratings agencies to give the lowest-risk sub-groups a high enough credit rating to qualify for the critical investment grade rating. In this way the investment bank has created a decent proportion of highly marketable bonds out of a package of low-quality mortgages. Fairly standard, for example, is to convert a large package of MBS into perhaps 80% investment-grade bonds, 10% middle risk, and 10% high-risk equity. How investment banks distribute the debtThe original mortgage lender is in a rush to get the whole MBS sold off, because this raises cash which can then be used to fund fresh mortgage loans to new subprime borrowers. This lets them earn their money primarily by deal-making and distribution, rather than by taking risks with borrowers. These investment technique is referred to as "toxic waste". Create a hedge fundImagine that the investment bank puts up the first $10 million. The hedge fund then buys the equity groups of the CDO from the investment bank. In effect, the investment bank is actually buying the equity from itself. The housing market goes up. Now the CDO equity has more value, because there's a cushion of higher house prices preventing those original subprime borrowers from defaulting. The CDO gets marked up in value, and it gets marked up much faster than the underlying house prices The hedge fund now goes to an unrelated lending bank, who now holds the high-performing but "toxic waste", and this lender asks to borrow money using the waste as collateral. The lending bank has access to cheap money, and so it has the prospect of lending for spectacular profits. And the wheel goes round and round... The money lent by the bank against the CDO equity goes back to the hedge fund, which buys more CDOs from the investment bank, which buys more MBS from the mortgage lender, which provides more money to subprime borrowers, who then buy more houses, pushing real-estate prices higher again. This process only gets into trouble when house prices turn sharply down. The lending banks ask for their money back, but the hedge funds haven't got it. Something like this is what happened to Bear Stearns' hedge funds. Its two funds were leveraged 5 times and 15 times respectively. That's the number of times they went round the financing wheel of leverage. ONLY THE SMALLER FUND HAS BEEN RESCUED AT THIS POINT! It appears that the Bear Stearns funds were not actually invested in the toxic waste. They had bought the investment grade bonds. That clearly means the toxic waste and the middle-risk bonds have no value. We don't know who owns these. Dump the waste in landfill"If it's not these failing hedge funds who own the toxic waste, then who does?" Only a core group of investment banks in this market has the ability to market the toxic waste, and it's one of their most sensitive commercial secrets. Some of it goes into stable, largely unsuspecting, and almost always "institutional" portfolios, the type of investment fund which looks after your money and typically signs an indemnity to confirm to its brokers and banks its own professionalism and awareness of risk. That means some fund managers are habitually reporting asset values which are a fiction, and we don't know who they are. Synthetic CDOsThis method on the face of it seems to resolve this question of moral hazard. The investment bank who is now the owner of the hard-to-sell and risky middle and high-risk groups. Rather than dumping them into landfill, decides to keep them, along with all the cash flows that they generate. But the investment banker managing these CDOs also decides to take out an insurance policy, just in case the home loans go into default. The investment bank pays an insurance premium to another investment institution for underwriting the risk of the underlying home-loans defaulting. That's all there is to a Credit Default Swap. In return for a cash payment, you swap the risk of default. These insurance premiums, paid to the underwriter of the CDS, appear to the receiver as income, just like bond interest payments. But unlike a standard bond, they are paid without the receiver having to put up any cash of their own. It's income received without putting their money at the disposal of the institution who pays them. The investment bank is being paid for accepting risk, not for lending money. The investment bankers have been very clever. They have said there are two components in a bond-interest payment: a fee for the use of your money, and a fee for the risk of default. The CDS just separates out the element for the risk of default. This lets the risk appear much lower than it really is because the risk is based on cash flows deriving exclusively from insurance premiums that are paid to cover the risk of mortgage default. That's how CDSs get packaged into what is known as a "synthetic CDO", and the investment bank can sell them for what appear to be fantastic yields. The risk of default has now been transferred into the broader financial markets. Who is going to fail next?Sources indicate that Bear Stearns only has problems with those CDOs issued in respect of Mortgage Backed Securities created in 2005 and 2006. This makes sense. Those CDOs were issued nearest to the peak of the US housing market, so they have the least room to move. Older CDO issues should have more headroom before defaults become a problem. This would suggest that it is those firms who were late to the CDO party who should be in the deepest trouble. The following data was published by Standard and Poors in a 2005 report entitled "CDO Spotlight: Update To Sizing Collateral Manager Participation In The US Cash Flow CDO Market," and may be a good indicator of who's next. A partial list is shown below. ![]() The data only concerns cash-flow CDOs. The synthetic part of the CDO market is not included. The synthetic market is bigger. The overall liabilities of both funds are in the $20-$25 billion range. Happy Trails, B.S.
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Are you tired of being lied to? The purpose of this column is to try to sort the fact from the lies in consumerism, both on and off the Internet. If you find a product or company you would like to compliment or blast, please let us know and we will talk about them here.
from Fiona Lohrenz
This consumer caution was sent by Fiona Lohrenz whose 10 years of experience running a day care renders her very capable of writing articles on all aspects of childcare. She also pours this knowledge into her child care website and has made a How to Start a Child Care Business DVD guide. She can be reached at her website.. I drop in on a child care providers discussion forum from time to time and make comments/suggestions if I feel I can be of help (or just want to join in on a rant!!). Recently, I read a post about a child who was deliberately damaging day care property, everything from toys, to day care furniture and including personal items belonging to the provider. The parents laugh it off, ask the child to say an empty 'I'm sorry' and offer no discussion nor action for remedy. The provider is pretty distraught at this point. To date the child has deliberately destroyed over $200 worth of items. Unfortunately, dealing with difficult behavior can be a staple of day care life and can lead to some unpleasant situations. Difficult and challenging behaviors can be a tough fact of day care life. A firm and consistent approach is vital in dealing with same regardless what the reasons for the behavior. When it becomes clear that a child is being continuously disruptive, destructive and aggresive it is time to 'meet the parents'. Parent and provider working together is key to dealing with challenging behavior successfully. Discussion will uncover if similar behavior occurs in the home, if there is a root cause that can help all parties better understand the triggers and reasons for the behavior. A mutual behavior plan should be agreed whereby all parties are cooperating and on the same page. It is pointless if you are being consistent and constructive in your handling of the child if the same positive actions are not dealt out at home. Individual plans can be formulated using your behavior policy as an outline (please tell me you have a behavior policy!). Include time frames and deadlines for implementation and re-evaluation. This might also be a good time to revise your parent contract to include when parents will be expected to reimburse you for excessive damage caused by their child. Insert also your 'end of tether' clause where you would be forced to ask a client to withdraw their child due to ongoing issues and lack of cooperation/communication. Don't forget, sometimes professional, outside help is required.that does not indicate failure on the part of either the provider or parent. It is simply the best way forward in some cases. |
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Dear Friends and Readers,
An Underground for scores of Jews or any Russian that looked Jewish.
Year of Wonders |
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![]() Any plague brings up the image of death, destruction and loss. Throughout history there have been many such instances that have resulted in the loss of thousands of lives. In Geraldine Brooks' Year of Wonders the plague of 1666 started by an infected bolt of cloth that traveled from London to an isolated mountain village. One traveling stranger started with symptoms that could not be given to any one illness. He eventually died, but not without spreading the seeds throughout the area. It soon became apparent that there was more than one way to pass on the horrendous disease. One housemaid, Anna, becomes the thread that ties the village people together through the trying times as the plague spreads. |
Due to long range sights of the young minister, people of the village elected to quarantine themselves off to any outsiders. Notes were left at the boundary rock requesting items they could not find within their own surroundings be delivered to the rock. Unfortunately, the doctor of the village had no idea how to cure the unknown disease. Death soon took hold of someone in every family. Prayers were taken over by other means in which to destroy the disease; use of medicinal herbs and so called witch-craft. Anna had to defend those she loved as she mended her own broken heart. She alone had to earn the trust of those in the village when she decided to step forward and help in the healing and birthing.
Brooks' riveting book gives a glimpse into history of a time almost forgotten in modern day. She does so with compassion and courage.
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From the EDITOR
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From Davey Crocket's Own Story, on his experiences in the east in 1829: "Come here, and you will see women doing men's work. . . Is it not better for themselves and [their] families, instead of sitting up all day busy about nothing?" Busy about nothing. If your labor is not being used by a corporation, are you busy about nothing? Perhaps you are raising children? Perhaps you are exercising your innately human skills in philosophy and thought, the ones that are the true dividers between the species? Is it possible for us to value such time when those who calculate productivity agree that we are busy about nothing? Have our machines become the standard we set for ourselves? A computer can work endless hours, without vacation, without question. A human mind works best when it understands the goals. Both mind and body are at their peak when relaxation is part of the picture. Do we need to prove ourselves equal to our machines? Humans think. Computers process. Humans create. Computers correlate. Where is the comparison? Which will our society benefit from more? Busy about nothing. Equal pay for equal work is a sexy slogan. Women thought that a woman's revolution would change the world. But, being the last to be swallowed by the industrial revolution is hardly an achievement on the grander scale of meaning. Women were only the last to be given the opportunity to give up their claim on themselves in exchange for material goods and insecurity. Human worth is judged, more than ever, by the size of a paycheck which represents a currency which has no value other than that which it assigns to itself. And the revolution has changed the world very little, and women who stay home are still said not to be working. They are "busy about nothing."
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At LadybugFlights we have always encouraged the participation of our readers. For that reason we have this space, a place where you can be heard. Nothing as formal as an article or a column... Just some venting, self-expression, or a chance to communicate what you are thinking on almost any topic. Send it to us and we will let you know if we can use it! |
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Jane Roberts is co-founder of 34 Million Friends and author of 34 Million Friends of the Women of the World. She has recently been involved in spearheading an effort to produce a documentary on the important work of the United Nations Population Fund. Jane recently released news of major progress toward this goal. A brief update and a request for input:
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