Change in order to survive, survive in order to change – Change is coming

Change is indeed coming – and not just the change of command taking place in front of the nation’s Capitol today.

Companies like AIG must change in order to survive and survive in order to change.  The company’s survival got a boost when the recent “Miracle on the Hudson” called positive attention to AIG’s aircraft leasing unit.

Carlyle Group, Kohlberg Kravis Roberts & Co., TPG Inc. and Greenbriar Equity Group LLC are bidding for American International Group Inc.’s plane-leasing business, according to people familiar with the situation.

The firms may eventually take part in a group to buy Los Angeles-based International Lease Finance Corp., said the people, who declined to be identified because the offers aren’t public. Steven Udvar-Hazy, ILFC’s founder and chief executive officer, said in November he may join with investors in a buyout of the unit, which he suggested was worth about $10 billion.

The way Treasury deals with banks is going to change.  After Congress required that commitment to release the balance of bail-out funds; but, the Obama administration was waiting for the change of power with plans for change in mind. Continue reading “Change in order to survive, survive in order to change – Change is coming”

Obama replaces mumbo-jumbo with gumbo in selecting EPA chief from lower 9th ward

Gumbo replaces mumbo-jumbo as  Obama taps New Orleans native Lisa Jackson to lead Environmental Protection Agency

NEWSMAKER JACKSONLisa Perez Jackson… grew up…in New Orleans’ Lower 9th Ward…where her mother lived until Hurricane Katrina…[and]…was first in her class at St. Mary’s Dominican High School in New Orleans in 1979.

Jackson graduated summa cum laude from Tulane University, with a bachelor’s degree in chemical engineering, before leaving Louisiana to get her master’s degree in chemical engineering from Princeton University…

As part of Obama’s energy and environment team Continue reading “Obama replaces mumbo-jumbo with gumbo in selecting EPA chief from lower 9th ward”

How POTUS knew Katrina hit New Orleans [sic] (formerly titled “Guess our invitation won’t be in the mail!)

If any of us were actually expecting an invitation from the White House, this announcement ought to be enough to keep Sop’s tux, belle’s party dress, and my dancing shoes in the closet.

Desiree Rogers, a prominent Chicago businesswoman, is receiving loads of attentiDesiree Rogers Chicago businesswoman and Obama fundraiser named White House social secretary by president elect Barack Obamaon today. Barrack Obama named the 49-year-old Rogers as his White House social secretary this morning, making her the first African American to hold that position, like her boss.

Rogers happens to be a friend of Michelle and a major fundraiser for the Obama campaign.

She’ll leave her position managing social networking at Allstate Financial to join the cabinet. Continue reading “How POTUS knew Katrina hit New Orleans [sic] (formerly titled “Guess our invitation won’t be in the mail!)”

Bush Political Lackey Marc Racicot Curbed by American Insurance Association

The impending change of administrations means George Bush’s 2004 campaign manager’s usefulness running the AIA is done. His creditials are simple impeccable having worked for such stellar examples of the GOP capitalist model lobbying for Enron.

In the aftermath of the meltdown of the financial system of which AIG is the poster boy I find this blurb from the AIA website most ironic:

Unfortunately, some public policymakers wrongly believe that imposing heavy-handed pricing or other regulatory requirements will solve market problems arising from the increased costs of natural disasters; in truth, these “solutions” actually make market challenges worse.

Yeah guys, having Uncle Sam stick his head in the sand while traders at AIG help implode the financial system trading in unregulated markets works great eh?

Arthur Postal has the story at the National Underwriter complete with the lip stick on a pig quotes from both unnamed sources and Hank Greenberg’s son Evan while Ken Crerar knows the score however: Continue reading “Bush Political Lackey Marc Racicot Curbed by American Insurance Association”

Plowing the ground – stimulating the economy

If there is no struggle, there is no progress. Those who profess to favor freedom, and deprecate agitation, are men who want crops without plowing up the ground, they want rain without thunder and lightning. Frederick Douglass

Boy, were those exit polls ever right – it’s the economy! The good news, so to speak, is that stimulating the economy is a shared priority of our nation’s leadership. I’ve pulled significant quotes from two related stories and provided links to the full text.

Financial crisis complicates Obama transition

As president-elect, Barack Obama faces a tricky task as he begins dealing ever more directly with the economic meltdown, grappling with the worst financial crisis in seven decades but not yet wielding the power to do much about it…

Obama’s victory emboldened Democrats and helped them expand their House and Senate majorities. “The fact is that this president goes into office with more expectations than any president I can ever remember in my lifetime,” said House Speaker Nancy Pelosi.

But some liberal Democrats may expect him to deliver more than they’re likely to get. As Pelosi was quick to note, “The country must be governed from the middle,” and that will increase pressure on Obama to make compromises. (emphasis added) Continue reading “Plowing the ground – stimulating the economy”

I was 40 when I learned I wasn’t white

That’s right, I’m not white.  I’m yellow.  I’d always thought I was white; but shortly after my youngest child started kindergarten, he told me I was yellow. I believe him. Five year old children are exceeding truthful.

The cause for his announcement – I’m white, mama, I’m white. My teacher is brown, all the people at day care are brown, my doctor is brown.  You’re yellow, mama; but, I’m white – is that he had the best pediatrician I could find and the safest day care of any I knew with the best food in town; and, just as he said, he was white and all the others were brown.  When he found himself in the kindergarten class with the “brown” teacher, he reasoned that I somehow hadn’t noticed he was white.

Carl Rove made a comment tonight about our “color blind” younger generation.  My experience tells me Continue reading “I was 40 when I learned I wasn’t white”

“It’s not easy being green” – and life’s hard in “red states”, too

It’s not easy bein’ green.
It seems you blend in with so many other ordinary things.
And people tend to pass you over ’cause you’re not standing out
like flashy sparkles in the water- or stars in the sky.

Kermit certainly should know about the difficulty of being green; but, I suspect he’d find being green in a Red State even harder.  This letter from the Blue States of “New California” to the Red States offers an interesting assessment of the differences between the two groups.  More about that after the letter.

Dear Red States:

We’ve decided we’re leaving. We intend to form our own country, and we’re taking the other Blue States with us. In case you aren’t aware, that includes California, Hawaii, Oregon, Washington, Minnesota, Wisconsin, Michigan, Illinois and all the Northeast. We believe this split will be beneficial to the nation, and especially to the people of the new country of New California.

To sum up briefly: You get Texas, Oklahoma and all the slave states. We get stem cell research and the best beaches. We get the Statue of Liberty. You get Dollywood. We get Intel Continue reading ““It’s not easy being green” – and life’s hard in “red states”, too”

A “man in the middle” of electronic voting?

Sop will readily agree that I have a very basic understanding of technology – something slightly above “on” and “off”.  It troubles me so at times that I’ve even expressed a desire for my spirit to leave this earthly world by wire so I can see how fax machines, lazer printers, and so forth work.  Just fax me to Jesus.

As you might imagine, my trust level of electronic voting systems is pretty low and I just found a post on Raw Story that can explain my concern.

Information technology expert Stephen Spoonamore believes this architecture could have made possible a KingPin or “Man in the Middle” (MIM) attack — a well-defined criminal methodology in which a computer is inserted into the network of a bank or credit card processor to intercept and modify transactions before they reach a central computer.

In what I call my “read around” that followed, I linked to black box voting, a site that reassures me that people who do understand technology are at least paying attention to this security of the upcoming vote – leaving me, however, without the assurance that those who might tamper with the vote are not one step ahead of those working to keep it secure. Continue reading “A “man in the middle” of electronic voting?”

I Understand Jorge Mas Santos has Appeared Publically with Obama in South Florida

I’m blessed to know several Cuban-Americans from South Florida and have been told Jose Mas along with his brother Jorge have appeared with and now endorsed Barack Obama for President. Nate Silver at his Five Thirty Eight blog has Florida leaning Dem. Without the normally conservative leaning Cuban Community McCain has no chance there.

Not that all Cuban-Americans agree of course. However their strength has always been in block voting. This year, my friends in South Florida are joining Sop in telling the Gop to take a hike. Something about immigration, xenophobia and racism along with a healthy dose of bad economy and Iraq……go figure.

sop