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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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Ironically - let us begin with a Joke. Man walking along a road in the countryside comes across a shepherd and a huge flock of sheep. Tells the shepherd, "I will bet you $100 against one of your sheep that I can tell you the exact number in this flock." The shepherd thinks it over; it's a big flock so he takes the bet. "973," says the man. The shepherd is astonished, because that is exactly right. Says "OK, I'm a man of my word, take an animal." Man picks one up and begins to walk away. "Wait," cries the shepherd, "Let Read on →
New York City was cold and uninviting when the Greyhound bus arrived late in the afternoon. It was two days before Easter and light snow had fallen leaving the streets wet and slippery. On Sunday, the Easter Parade down Fifth Avenue attracted a huge crowd and at night Times Square was alive with flashing neon signs and people celebrating. It was my first visit to the “Island of Many Hills” (Manhattan) and I had a lot to see. I rode the Circle Island cruise boat, took the elevator to the top of the Empire State Building, climbed the stairs into the Read on →
It's a phrase that just popped into my head out of the ether the other day. And, sure enough, Google has a handy reference in a book by a Scottish minister, David Gilkison Watt, who died in London in 1897, after having visited both India and St. Petersburg, Florida. Watt was a missionary, so it's perhaps not surprising that in his writing he promoted the wisdom he found in the Book of Ezekiel -- i.e. long before his time. I don't know if his "Homiletic Commentary on the Book of Ezekiel" was timely when he wrote it, but it sure Read on →
“The past is never dead. It’s not even past.” William Faulkner had a big-time influence on me as an adolescent as did my father who never met a funeral he didn’t like, especially if it took him back to the hill country of Appalachian Ohio where he had been raised. Even now I remember as a boy following a group of men carrying the casket of a man my father had known when he was a boy. The memory is still clear of them slipping and sliding along the dry creek bed en route to a spot in the woods where a Read on →