This is a design for an iPad cover that I made tonight and it turned out so pretty. I like it.
This is a design for an iPad cover that I made tonight and it turned out so pretty. I like it.
Economic Development Today TV Show
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Summer 2007:EDA’s Excellence in Economic Development 2007 Award Winners• The Five New Realities of Economic Development in the 21st Century
• EXCELLENCE in URBAN OR SUBURBAN ECONOMIC
• EXCELLENCE in RURAL ECONOMIC DEVELOPMENT
• EXCELLENCE in ENHANCING REGIONAL COMPETITIVENESS
• EXCELLENCE in ECONOMIC ADJUSTMENT STRATEGIES
• EXCELLENCE in TECHNOLOGY-LED ECONOMIC DEVELOPMENT
• EXCELLENCE in COMMUNITY and FAITH-BASED SOCIAL ENTREPRENEURSHIP
• EXCELLENCE in INNOVATION
Spring 2007:The Power of Information: Using Data to Create and Refine Your Economic Development Strategy • How a Dose of Data Reality Can Enhance Your Region’s Competitive Positioning
• Fiscal Impact Analysis Creates a Win-Win for Projects and Communities
• Economic Gardening: Using Information to Help Your Entrepreneurs Grow
• Using Location Intelligence to Attract Retail to Underserved Areas
• Targeting a Portfolio of Clusters
• Quantifying the Creative Economy
• Economic Developer “Dinosaurs” Vs. Fast Internet Information
• Your Regional Knowledge Economy Strategy: Is it Succeeding?
• “We Have the Site, But We Need the Workforce!”
Winter 2007:Growing and Keeping your Region’s Businesses• Putting the Business Back in Business Retention
• SmartBusiness – the Smart Way to Help Halifax Businesses
• Relationship-Building and Business Retention: The Community Call Blitz Program
• Making the Most of Statewide Business Retention, Expansion, and Modernization Efforts
• Chicago’s New Direction: Leading the Race to the Top in Global High-Performance Manufacturing
• Five “Musts” for Business Incubator Success
• Growing and Keeping Your Region’s College-Educated Workers
• Learning to Learn: What to Do Different in the New Modern World
• Competing in a Global Age: New Skills for Our Nation’s Students
• Business Retention on a Budget: Billings’ BEAR Program Leverages Volunteers
Fall 2006: The Economic Developer’s Toolkit • Business Retention: Helping Companies Compete in a Global Economy
• Predicting Corporate Behavior: Why Companies Relocate or Expand
• Economic Development Targeting: Laying a Sound Foundation for Your Strategy Plan
• A City’s Tools for Downtown Development: Much More Than Money
• Building the Ideal Financing Toolbox
• Clawbacks in Economic Development: Policies and Practices
• Community Colleges: The Economic Developer’s Workforce Partner
• Using a Balanced Scorecard to Measure Your Economic Development Strategy
• Comprehensive Economic Development Strategies (CEDS) Summary of Requirements
Summer 2006: EDA’s Excellence in Economic Development 2006 Award Winners Excellence in:
• Economic Adjustment Strategies: The City of Pueblo Rebuilds Its Economic Base
• Technology-Led Economic Development: North Dakota State University Research & Technology Park
• Enhancing Regional Competitiveness: Yielding Positive Results in Southwestern Pennsylvania
• Community and Faith-based Social Entrepreneurship: St. Patrick Center Programs Build Permanent, Positive Change
• Rural Economic Development: Yuba-Sutter EDC
• Innovation: Kentucky’s Technology Transformation
• Urban or Suburban Econoic Development: Tinley Park Builds on 35-Year Plan for Success
Spring 2006: Global Gateways• Helping States Encourage Exporting
• Building Businesses on the Border: The Bi-National Sustainability Laboratory As an Engine of Economic Change
• Trade Adjustment Assistance: Helping Firms Compete in the Global Economy
• World Trade Centers: Gateways to the Global Marketplace
• The U.S. – Mexico Border: Integrated Economies
• A Sea Change in Ocean Shipping
• Intermodal Opportunities in Appalachia
• America’s Dependence on Flight-by-Night Operators: The Underappreciated Role of Air Cargo in the U.S. Economy
• Making Charlotte an International City
Winter 2006: Rural Entrepreneurship and Innovative Leadership
• President Bush’s 2007 Budget Request for EDA: Good News for Rural America
• A Framework for Developing Rural Entrepreneurship
• Supporting Rural Entrepreneurship: What Can States Do? What Should They Do?
• Jack Schultz: A Man with 7 1/2 Keys to Small Town Success
• The HomeTown Competitiveness Initiative
• Incorporating Entrepreneurship into North Carolina’s Economic Development Infrastructure
• Entrepreneurship on Tribal Lands
• Innovation Commercialization in a Rural Region: The Case of Greater Johnstown, Pennsylvania
• Kentucky Leadership Program Coaches Entrepreneurs
• Wyoming Business Camp Encourages Youth to Make Their Own Jobs
Fall 2005: Building a 21st Century World-Class Workforce
• Talent Development Is a Key Ingredient for Economic Development
• What Economic Developers Should Know About Workforce Development and Community Colleges
• Workforce Development: A Region’s Key Business Retention and Expansion Tool
• New Governance Structures for Aligning Local Economic and Workforce Development
• Putting Inner Cities To Work
• The Career Readiness Certificate – An Idea Whose Time Has Come
• Manufacturing Skills Certification: A New Fast Track for Regional Innovation
• Preparing Middle and High School Students for Careers in Science and Health
• Help Wanted: Smyth County, Virginia
Summer 2005: Report of the Strengthening America’s Communities Advisory Committee
• EDA Responds to the Gulf Coast
• Rising to the Challenge
• Executive Summary
• The Committee’s Charge and Process
• A Challenge for the 21st Century
• Findings, Guiding Principles, and Recommendations
• Leadership in Action
• Advisory Committee Members
Spring 2005: Communities in Transition
• BRAC – The Denver Experience
• Rural Sourcing, Inc.: Bringing High Tech Jobs to Rural America
• Revitalizing Brownfields: New Benefits from Old Sites
• Kalamazoo’s Economic Revitalization
• Broadband Access in Rural Areas
• Georgia Communities Bounce Back
• National Leadership Through Regional Cooperation: Tennessee Valley Comes Together to Create Jobs of the Future
• Using Department of Energy Assets for Community Benefit
• Enterprise Facilitation: Growing Entrepreneurs One Contact at a Time
Winter 2005: The Marriage of Innovation and Entrepreneurship
• Building Innovation-Driven Regional Economies in Small and Mid-Sized Metro Centers
• Creating Systems for Entrepreneur Support
• Innovation and Entrepreneurship in Rural America
• Kentucky’s Rural Innovation and Entrepreneurship Program: An In-Depth Look at How It Works
• The Importance of Networks and Capacity Building in Technology Transfer and Commercialization
• Best Practices in University Technology Transfer
• A 21st Century Model for Engineering Education
• Turning the Corner: Trends in Angel Investing
• Growing Ohio’s High Performance Economy
• Replanting the Economic Forest in Northeast Ohio
May 3–5, 2009
Southeast Workforce and Economic
Development Conference; Atlanta,
May 3–5, 2009
National Conference on Corporate
Community Investment (BCLC),
Chicago, IL [Website]
May 5–7, 2009
CDFA’s Annual Development
Finance Summit, Pittsburgh, PA
June 1-4, 2009
2009 IEDC Technology-Led
Economic Development Conference
and IASP World Conference on
Science and Technology Parks; The
Research Triangle Park, NC
June 1–3, 2009
NARC 43nd Annual Conference and
Exhibition, Denver, CO [Website]
June 2–5, 2009
Council for Community and
Economic Research (C2ER) 49th
Annual Conference, Kansas City,
August 29–September 01,
NADO’s 2009 Annual Training
Conference, Chicago, IL [Website]
The problem small- and mid-sized regions face is not
simply a lack of venture capital – equity financing once a
firm has a product and is near going public or other otherwise
exiting – but a paucity of risk equity capital needed
prior to when more traditional venture capital is available.
Smart regions are finding solutions to this private sector
funding gap, generally referred to as pre-seed to seed funding,
through angel funds, private placement expertise, tax
credits and other approaches. Angel networks are an important
way to build private-public partnerships. In other cases,
attracting a fund focused on small- to medium-sized regions
is an avenue in which to focus, as Peoria has done. In other
instances, the formation of a regional fund focused at this
early stage has made a significant difference, as happened in
Innovation-driven economies increasingly will need to
help create privately managed risk pools that build on a track
record of successful entrepreneurs – pools with sufficient
funds to syndicate deals with the national venture funds that
are still focused predominantly on investments on the coasts.
Adjusting their economic tool kits to make equity investments,
for example, to address leasehold improvement
financing for wet labs, some states and regions purchase
insurance, others offer tax credits, and some take equity for
Getting Started: Lessons for Smaller Metro Regions
in Building Innovation Economies
What finally makes a difference in a region or community’s
success is having local champions and leaders with a plan for
the implementation tasks of catalyzing, brokering and connecting
– day-to-day hard work.
[ . . . ]
Small- and mid-sized metropolitan regions can take
advantage of their technology, talent and capital resources to
build innovation-driven regional economies for the future.
Leadership, a hard-nosed willingness to identify and address
gaps, and an implementation plan are critical to these
regions’ success in encouraging entrepreneurship, technology
commercialization, talent retention and attraction, and
wealth generation. In contrast to the history of American
regions of the past – built on what they were given in terms
of natural resources, waterways, and related factors – future
regional development can be positively affected by what a
community does to create its own innovation base. ★ ★ ★
(also covers making technology transfers from university research – there are some better sources and avenues for this information – will post it later.)
ancient sea, Apples and Oranges, bailouts, banking, big business, Business, Capitalism, Creating Solutions That Work, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Economics, Economy, Federal Reserve, financial derivatives, free market economy, global economic gridlock, Intelligence, International Concerns, Inventing Solutions For America, Liberty, Macro-economic analysis 2008, macro-economic future forecasting, Principles of Economics, Reality-based Analysis, resourcing, small business, socialism is bad wrong, Solutions That Work, Thomas Jefferson, US Bill of Rights, US Congress, US Constitution, US economic crisis, US Economy, US Government, US Treasury, USA, Workable Solutions
I keep hearing on news broadcasts, anchors ask would it have been better to pass the bailout (regardless of what its called) or do nothing. Since when did those two choices become the only ones on the menu?
So, I take it that the US Congress and Executive Branch, Republicans and Democrats alike, have become a process of blackmail, bribery, strong-arming and buying votes. No wonder they can’t believe constituents.
How could the choice be the bailout or do nothing at all? Where are the packages of real solutions available beyond those two untenable options? Because, guaranteed – we are still going to need them.
– By the way, I don’t know if anyone has said this yet or not – but, people having trouble paying their mortgages can opt for renting out the spare bedroom to college students? maybe, exchange students, young marrieds, friends, elderly, disabled or through some church and social match-up roommates programs. People got to live somewhere, but tell people to be very careful and tolerant doing this. Some things are manageable – get along stuff and some can be very dangerous and untoward. There are common sense guidelines to follow as in any roommate situation and tolerance required. It is an immediate answer to cash strapped homeowners in danger of losing their home.
The other thing is that small businesses and homeowners alike, can rent out space for someone to have an office (in their garage, spare bedroom, den or in part of their existing business or office location.) There are also family reunions and organizations, holiday parties and get-togethers for Halloween, Thanksgiving and Christmas that will need host facilities. It could be a Norman Rockwell moment to combine our holidays and host others for a fair and responsible fee. (I say responsible, because if certain things are going on, insurance on site won’t cover it, but normally existing insurance policies will cover whether a fee is charged or not – check policy, but don’t ask before doing it. They sure won’t cover, if asked first and say no – pathetic but true.)
Other solutions quickly – people that have been in difficult economic situations say that people will always buy what they need as long as they can. Beyond that, they will buy entertainment and things to feel better and to feel beautiful, safe and comforted, however fleeting. I don’t know if that is completely accurate or not but it appears to be so throughout the difficulties that have occurred around the world and in the US historically. It may be a human thing.
Lastly for this moment, two things –
One, a lot of people including Congressional members, scary enough – don’t seem to understand why socialism and even communism is not preferable to what we already had and why people have fought and died to keep the liberty, capitalism and representative government of the United States intact, including its ideologies and tenets.
– I don’t know how to even start to explain that to people that think its no big deal. But they are wrong about it and I do know why they are wrong. It is a big deal and an even bigger deal that it was done without our agreement or voice.
Two, what is actually going to happen as a result of all of this – is that people will die this winter as the higher prices of heating oil, natural gas and electricity along with the lower purchasing power of the dollar sets in about the same time. That is not only a problem for homeless and nearly homeless and about to be homeless, but also for those whose unemployment benefits run dry without finding jobs and their families. It will also be the case for many elderly and disabled on fixed incomes that have not risen with the cost of going to the grocery or paying higher costs for utilities and everything else. This problem could use some quick attention around the nation now before the winter sets into motion.
The other thing that is actually going to happen that is certain in this – people that aren’t already lost in the muck and mire of maxed out credit cards, resetting mortgages and higher overall costs of being employed or conducting their small business aren’t going to be helped by the bailout tax cuts quickly enough to stay in business nor to manage their household budgets. So – the way people can know when it is really actually bad enough to panic over it is – when the choice becomes whether to buy toilet paper or two cans of tuna. That is that last moment to get actions in motion for constructive change before it all goes to hell in a handbasket. Of course, I always run a little close to the edge – so maybe before it gets to that point would be a better place to get started.
– Cricket Diane C “Sparky” Phillips, 10-04-08, USA
Cricket Diane C Sparky Phillips, cricketdiane, Economics, Economy, Federal Reserve, Global Economy, International Concerns, Inventing Solutions For America, macro-economic future forecasting, macro-economics, Money, Reality-based Analysis, Solutions That Work, stock market, US economic crisis, US Treasury
The Financial Stability Forum (FSF) was convened in April 1999 to promote international financial stability through information exchange and international co-operation in financial supervision and surveillance.
Financial Stability Forum meeting in Amsterdam – meeting Sept. 29,30 – 2008
The Financial Stability Forum (FSF) will hold its six-monthly plenary meeting on 29-30
September in Amsterdam. Media are invited to attend a briefing by Mario Draghi,
Chairman of the FSF, which will follow the meeting.
The FSF will discuss the current challenges facing the international financial system and
steps being taken to address them. It is preparing a follow-up report on implementation of the
recommendations made in its April Report on Enhancing Market and Institutional Resilience
that will be delivered to the G7 in October. At the Amsterdam meeting, the FSF will launch
work to examine the drivers of procyclicality in the financial system and possible options for
mitigating it. There will also be a session with market participants to discuss current events
and private sector initiatives to build a more resilient system.
Apples and Oranges, Business Practices, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Economics, Economy, financial derivatives, Global Economy, International Concerns, Inventing Solutions For America, macro-economic future forecasting, mark to market, Money, reality-based statistical analysis, Solutions That Work, stock market, US economic crisis, US Government, valuation, Wall Street
When they have a $30,000 house, they are now mortgaging for $250,000 – what is the real value of that mortgage’s principle?
“Whatever standard is in play – must be an honest and genuine representation of current value.” – cricketdiane
Didn’t the “mark to market” rule come out of an international demand for accountability? Didn’t they say the US was trading in financial instruments that were being misrepresented in value and unnaturally inflated in values?
Wasn’t it the case that before the “mark to market” ruling, these securities were being assigned arbitrary values which bore no reflection of reality? Isn’t it the case that bankers and financial institutions want to re-establish the manner of doing it before the asset classes were required to be valued in realistic terms?
If a mortgage or bond is of a specific value at maturity (with interest and principle combined), it is faulty to assume that amount as its true value for the purposes of trade and leverage. This practice had inflated values, especially in the case of use as collateral against borrowed capital. Once in default, these assets were not representative of any real value that could be acquired upon further liquidation.
When mark to market was brought into play, it forced the banks, investment houses, financial institutions and other businesses to establish across the board, the same exposition of value which could accommodate fluctuation with current market conditions. It is fair to the lender, fair to the borrower, fair to the investors and relates an expected value, if and when the asset reverts in the case and occurrence of loan depositions and re-packaging / trades. If it has no real market value, the purchasers, investors, companies and foreign institutions have a right to know.
The underlying principle of these mortgages, bonds and financial derivative products / credit derivative products have also not maintained value regardless of the value adjusted for current and specific currency rates, deflation / inflation factors, market erosion, trading values, and other variances.
Competence and fairness in these markets, specifically concerning the tangible and realistic values of assets are required by the international community and must be by the US, as well. Otherwise, it will collapse under the weight of its own fraudulent practices and we will not be a market any longer.
Written by Cricket Diane C “Sparky” Phillips, 09-28-08, USA
America, America - USA, bailouts, banking, banks, budget deficits, Business, Business Methods, Creating Solutions That Work, credit crunch crisis, credit default swaps bonds, Cricket Diane C Phillips, Cricket Diane C Sparky Phillips, Cricket House Studios, cricketdiane, CricketHouseStudios, currency values, diane c phillips | accounting principles, Economic depression, Economics, Economy, Federal government, financial derivatives, global economic crisis, Global Economy, government corruption, Illuminati, Intelligence, Intelligensia USA, International Concerns, Inventing Solutions For America, investment banking, local government, Macro-economic analysis 2008, macro-economic future forecasting, macro-economics, Macro-economics future forecasting, Money, Principles of Economics, Reality-based Analysis, Recession - Depression, restoring America, Solutions, Solutions That Work, Solving Impossible Problems, Sovereignty of the People, Sparky Phillips, state budgets, state government, states, States Rights, Statistical Analysis, stimulus bill, stimulus package, stock market, Systems Analysis, Twenty-first Century, United States of America, US currency, US dollar, US economic bailout, US economic crisis, US Government, US government policy, Wall Street
What would stimulate the economy? as quickly as possible? (increase liquidity) –
* Shutting down the government for one full day would probably save enough money to pay for the bailout twice over. Just a thought.
* Placing a moratorium on Congress and the Executive branch to stop any and all further spending for one year beyond what is already in place, would probably be more than enough to fix just about everything and have some leftover to send every one of us to Disneyland at least once, next year.
* Stop bailing out and paying for the same things three times over, as someone pointed out on tele news last night, by the time lawyers have billed by the hour to manage these non-performing assets and everything that goes with it, the $700 Billion will be that much many times over. Aside from that, our government has already bailed out these mortgages and mortgage-backed securities twice over as of where we stand today. To what end are we covering the same costs a third time? And how many sources of funds have they hit up for this already? Its a lot more than is being reported. (I say this because I have found many pieces about parts of it, here there and yonder in diverse places of public reporting from international sources to buried reports in US news outlets.)
* Eight elements of broken trust must be repaired, not only in business to public but also in restoration of government to public trust. Without repair of these elements, it will be very close to impossible to accomplish anything of merit.
* Any politician, business executive, decision-maker, legislator and leader who does not know what these eight basic elements of trust are, that have been broken with the public – doesn’t need to hold the position of authority they have. – (and that’s because they also wouldn’t understand why these elements of trust are important and dear to uphold, either.)
* When America upheld this trust, the foundations of prosperity and freedom were strong. As these have been allowed to be broken and abused, the possibilities of both have rested on shallow, infertile ground subject to the whims on one hand and the disdain on the other.
This is not an academic debate, but rather a practical, valid one. For business, prosperity and government are not “games of confidence.” By continued support of those they serve, do they continue to exist and prosper. Therefore, it is truly a matter of genuine trust that is at stake. Without that trust being upheld and given honor – we get the very results we have now.
The eight tenets of trust are:
* Mutual Honor
* Willingness to Temper (or Suspend) Personal Gain for Higher Principles
* Fairness and Decency
* Service / (Citizenship)
* Fair and Reasonable Use of Discretion and (Choice), Free Will
* Honesty of a Genuine Nature
(my list – I hope yours is not varied by far from these because these are sound and well-placed. Leadership in any real sense demands these be upheld and kept by honor. They don’t happen automagically.)
Restore these and our economy will grow – without them we will accomplish nothing and our decimation will be our own doing.
Written by Cricket Diane C “Sparky” Phillips, 09-27-08, USA
banking, Capitalism, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, Economics, Economy, financial derivative instrument, financial derivatives, free market economy, Freedom of Thought, Global Economy, International Concerns, Inventing Solutions For America, life in America, macro-economic future forecasting, Money, Principles of Economics, Reality-based Analysis, Solutions That Work, stock market, United States of America, US Economy, US government bailout, USA, Wall Street, Workable Solutions
Purchasing the mortgage instruments from banks, investors, and companies to bail out banks for the purposes and functions of liquidity does not do one significant thing to insure that the unfair and untenable mortgage products subjecting homeowners to financial and property loss are properly corrected.
And so – back to the questions for “Inventing Solutions for America”
* what would create stability in the markets quickly, effectively and in the most natural, non-invasive and non-obstructive, non-obtrusive manner possible?
* what would stimulate economic growth? As quickly as possible?
Strangely enough, I had to put these questions together to answer them because in some ways they are the same thing. And, in other ways to do the one prohibits the other, either way.
One definite plus is that going down at least there is movement. Apathy is bad at any place in the spectrum since it belies the essence of a stagnant and therefore, deteriorating economy, (even when it appears positive.)
Unfortunately, it would be easy to misinterpret apathy as stability which it is not. A stagnant economy promises bliss but delivers dangers of eroding and often overlooked, critically deteriorating foundations and structures. That is due in no small part, to the fact that healthy economies of scale are interactive, multi-dimensional and are fluid, oscillating structures, as a whole. It would be as if the entire ocean dried up or ceased all movement. The system would be stable in a sense but would certainly not thrived nor provide its measure.
Dimensional systems cannot be fully stabilized in the same sense as one boat or ship can be, that rests only on the surface or submerged within it. In macro economic and other dimensional systems there is a point of dynamic harmony that can be reached – an imperfect equilibrium that can be (not kept or maintained), but rather allowed to move and develop in place. It will reach its own oscillating zenith and nadir points along a dimensional axis, which means more or less, its own (Mandlebrott style grouping) but in a multi-dimensional array. That seems clearer in my mind than to say it but what it shows is a propensity to and always toward chaos (as seen in chaos theory) and away from linear stability in any one given direction. This is by nature as it should be, (and part of why flat, linear graphs fail to convey the system properly.)
While one drop of water added to an ocean does not seem to change the overall system, it inherently does in some respects, much as any small draft of air changes the atmosphere of a place and influences the system in some way. These are dimensional fluid systems models given to be influenced by flow rates, thermodynamics, fluctuations of pressure and degrees of change within event horizons of elapsed time, among other things. So, too are macro economic systems inclined to be influenced, to maintain a non-ordinary type of equilibrium and to vary from mean (absolute) stability by extraordinary amounts within the tolerance of internal (good, healthy) balance. They are really quite remarkable.
So, to the questions –
* what would create stability in the markets quickly, effectively and in the most natural, non-invasive, and non-obstructive, non-obtrusive manner possible?
1. Tell everybody in America to take $10 and using basic skills of business (as an applied science) – make it into $20 in less than a week without spending $500 to do it. That’s first.
2. Second, is to put in place the proper and appropriate legislation to correct and regulate the financial sectors including re-creating any and all mortgage instruments (in place) that exist as an ARM or any similar type thereof.
3. Next, or simultaneously, pay the money directly to the foreign investors that are behind the scenes hounding us for it at ½ of 1% face value as an intermediate stopgap measure and call it “what is actually being done and why,” in an honest manner.
4. Re-regulate as should have been done or left in place to force prudent lending / borrowing practices regardless of the industry. This would go farther to create stability and restore “confidence” than any one other thing.
5. Drop hindrances in the marketplace as mentioned from startup filings and fees to visa and passport and patent fees / licensing fees. Add capital flows to regional, community and local banks specified to help grow businesses in the communities. And, fix this mess that some call, government inaction, ineptitude and dismal performance “business-as-usual.”
6. Well, sixth would be a couple of things and they go hand-in-hand. Since government bailouts are the order of the day, use some of those trillions to buy lined paper and pencils to give (free of charge and not by mail) to each and every American individual. (This includes a set for every member of every family, legal citizens or not – without having to give names and addresses to get them.) And, a simple one-page synopsis to inspire its appropriate use such that they can help themselves and show their children how to do the same.
7. Get off the dime – because the same old song and dance isn’t going to get it anymore. Excluding some in the name of whatever the benefit to a few, isn’t based in the principles and foundations of democracy and equal opportunity for all.
Either, a.) facilitate it, or b.) get out of the way.
Written by Cricket Diane C “Sparky” Phillips, 09-27-08, USA
Representative Bill Sali, (R), Idaho showed up with foxbusiness anchor from hell this morning – and aside from her apparent lack of appreciation for a totally brilliant plan he created (and inadvertently we all created), I was taken with the inspiration. His plan is to move the bad debt by incentives whereby the taxes would be waived for any business picking them up during the time holding or trading them – and from any something nor other else (for a specified time period, of course.) I missed that part but you sure can ask him.
And, he had another part of this incentives-based plan that would forgive the corporate tax or capital gains tax or something to entice the marketplace dynamics to take over. It is genius really because it immediately solves the basic problems and uses the free market economy to do it. And, it could work faster than the bailout plan that the Bernanke bunch is pushing. By the time the asset managers are qualified appropriately and hired, the reverse auctions and other time consuming elements are set up for the bail outs to rescue anybody, the market could actually get the job done and restore confidence in America’s possibilities.
Isn’t that what we are trying to do? And, do it as quickly as possible? There are other great ideas that could work being brought up in Congress and around America too, he said. It was a real shame not to get a clearer understanding to convey but honestly, the Congressional bunch and the Secretary of our Treasury could stop and ask him about it. The way to create something that works is to use these innovations now when it matters most – not later after you’ve raped, pillaged and plundered the US Treasury and the authorities of the offices of President, Treasury, Federal Reserve, Securities and Exchange Commission, Office of Thrift Supervision and on and on and on – up to and including certain chairs in our Congress.
Representative Bill definitely tells it better than me – the idea he expressed this morning would definitely work and in very short order create liquidity and growth in the marketplace. And how much time does that reporter lady think Bernanke and Paulson’s plan will take. It isn’t going to get set up before Christmas.
Written by Cricket Diane C “Sparky” Phillips, 09-25-08, USA
Analysis, Apples and Oranges, banking industry, Capitalism, credit default swaps, Cricket Diane C Sparky Phillips, Cricket House Studios, cricketdiane, derivatives, economic policy, Economics, Economy, finance, financial crisis, free market economy, Global Economy, Illuminati of One, Intelligence, International Concerns, Inventing Solutions For America, loans, Macro-economics future forecasting, Money, real world solutions, Reality-based Analysis, Solutions That Work, Twenty-first century intelligence, US economic crisis, USA, Wall Street, Workable Solutions
What would be the natural consequences of doing something else and legislating an immediate enactment of appropriate regulations to take effect immediately?
1. nobody in the banking, investment and finance industries will like it and other business leaders accustomed to 400% profits will echo that sentiment. They already have cut so many people’s jobs and cost their homes, equities and communities, who cares what they think anyway at this point? besides politicians?
2. the regulations that are appropriate for each of these industries are already made up and ready to go in place and their foundations were laid last year and the year before that and the year before that, etc.
They would simply have to be enacted by Congress immediately which is okay because they are predominantly lawyers and well-educated enough to read through them and sign off on it. They could hold to having no other conflagration of reality besides the actual regulations in the bill and it simply be passed.
3. The natural consequence of any bailout package of this size are known to be faulty and reeking of negative repercussions. This is documented historically and by recent events. However, to do something else requires some other workable options, many of which have been offered over the course since its announcement (and before.)
4. Many of these other instruments of policy have already been configured and analyzed for their devaluation to the currency and its reflection and consequences to the real economy. Any and all of these are actually on the table and available to use given the current situation as well as any combination thereof.
5. My suggestion is that Congress choose from among them as appropriate or put together a valued team to create a workable solution which is constrained not by politics and business-as-usual profiteering but rather by the principles we hold dear as a nation.
6. Rather than this massive bailout, a team to create a workable solution could be constructed from the intelligence of the State Dept. philosophies and knowledge base from the real world (senior analysts), the Commerce Dept. specialists in innovation and dynamic business/commerce modeling, along with the common sense of some international macro econ geeks.
7. And bring those solutions to Bernanke, Paulson, Cox but most of all through the University system enclaves and Congress. Then and only then, (no – not really) – considering the current crisis – this entire process can actually be accomplished over the course of days through computer conferencing among the team members with ready package of analysis quickly generated with brief, concise explanations and charts.
Written by Cricket Diane C “Sparky” Phillips, 09-25-08, USA1
banks, Cricket Diane C Sparky Phillips, Cricket House Studios, cricketdiane, economic reality, Economics, Economy, free market economy, Global Economy, International Concerns, macro-economic forecasting, Money, properly functioning market, Reality-based Analysis, Solutions That Work, United States, US bailout plan, US economic crisis
doing nothing given the current circumstances would naturally yield these consequences, all of which may or may not happen no matter what we do –
* The credit freeze in place would correct itself because, naturally occurring it is status-driven, not confidence driven and those people want to make money (not sit on top of a worthless pile of whatever (shit).
* Consequently, a.) they would find a way through it and b.) they would fail to trust one another and develop another way to loan money to make money because they are in the business of making money work for them – and they really don’t know how to do anything else. (Its the “walk through the fear” plan, feel it, experience it, use it to fuel real long-term solutions and enact them.) psychologically very healthy in practice but in a market driven economy, who’s going to buy anything anyway if they’re busy grabbing their – well never mind, I think I can see how that would work out from here . . .
* Yes, it would work, because the process of innovation is actually born in fear, not averted fear nor in diminished fear but in the real treacheries of fear.
* foreign investors might be another matter however and they may be insulated from any direct threat of our economic collapse in a true sense because they are very, very smart financiers.
* you know, the American “bulls” are some of the most skittish animals I know. They seem to have very little faith in themselves to evaluate options, determine the parameters and constraints of the problem then using these create constructs of workable innovations to accommodate them. Its as if the fear of what that might mean changes their internal landscape to one of genuine helplessness. Well, there you go – me, too.
* But with their creative interpretations of reality, its hard to believe they couldn’t or can’t do it. They are in the game to make money. Believe me, they will find a way to make it make money.
“This is what we call a properly functioning market. When difficulties of this magnitude arise, fear and anger fuel the real world, long-term, far-reaching innovations that have made our world a better place and will inspire the applications of solutions to take our place in history as an improvement, rather than detriment.”
Written by Cricket Diane C “Sparky” Phillips, 09-25-08, USA1