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Number of posts: 2
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Posts by Pat Garofalo:
With the New Hampshire primary now secured by Mitt Romney, the GOP presidential candidates are setting their sights on South Carolina, the nation’s first southern primary. And in one big respect, South Carolina is significantly different from the two states that preceded it in casting votes for the GOP nominee: its high school graduation rate is far lower.
In 2010, New Hampshire had the ninth highest high school graduation rate in the country at 83.3 percent. Caucus state Iowa was third, with 86.4 percent. South Carolina, however, is 49th, at 61.9 percent.
Yesterday, Jefferson County, Alabama, filed the largest municipal bankruptcy in U.S. history, the final step in a sordid tale involving sewers, credit swaps, and some of the nation’s biggest banks. The bankruptcy became necessary “after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart.”
The swap deal that sunk Jefferson County was crafted by the mega-bank JP Morgan Chase (in concert with other banks, including Goldman Sachs). As Rolling Stone’s Matt Taibbi put it when describing JP Morgan’s actions in Jefferson County, “here you can see a trail that leads directly from a billion-dollar predatory swap deal cooked up at the highest levels of America’s biggest banks, across a vast fruited plain of bribes and felonies — ‘the price of doing business,’ as one JP Morgan banker says on tape.”
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Sometimes the universe surprises you. A few months ago, I received an email from independent filmmaker Frank Huguenard. Having read some of my posts on the science of consciousness, Frank wanted to know if I'd consider being interviewed for a film on that subject. Cautious (and camera-shy), I was a bit wary and politely asked for more information. Frank suggested that I view his three previous films -- Beyond Me, Beyond Belief, and Beyond Reason, each available through his website BeyondMeFilm.com. All are thought-provoking treatments of controversial subjects. The latter deals mindfully with the interface between science and spirituality, the subject Read on →
"The Stone Age came to an end not for a lack of stones, and the oil age will end, but not for a lack of oil." -- Ahmed Zaki Yamani, former Saudi Arabian Minister of Oil, 2000 The Great Transition has begun. I know, because our household is part of it. I speak of humanity's transition from the bondage of addiction to fossil fuels -- addiction that has fouled our air and water, disrupted our climate and ravaged our earth -- to the liberation of renewable energy. You're looking at our house. On February 4, we installed a 12-panel solar photovoltaic (PV) array Read on →
In 1979, I traveled to Beijing for a quick visit and the following year to Guangzhou, Shanghai, Beijing and Tianjin to visit potential sites for a joint venture manufacturing company with Chinese partners. Discussions were held with provincial governments and the newly established China International Trust and Investment Corporation (CITIC). CITIC had been formed in 1979 as a State owned investment vehicle by Rong Yiren under the approval of Deng Xiaoping to bypass the existing bureaucracy. Its aim was to attract foreign capital, technology and management techniques to China and encourage Chinese investment abroad. I had met Rong Yiren on Read on →
As a young boy doing my homework while staying over with a favorite aunt, I was puzzled by a word and asked her where her dictionary was. She looked at me with befuddlement and finally said she didn’t have one. I thought that odd, but continued to ponder away at the word “sundry” which I also thought odd, and just assumed in my youthful innocence that it was simply a misspelling for “Sunday.” I’ve always had lots of dictionaries lying about, even foreign ones since my late wife was a professional translator. Somewhere hidden out of sight are a couple of vintage Rom Read on →