September 2008 Archives

With several political issues becoming more and more important as the presidential race progresses, PBS takes a look at health care. On Tuesday, September 30th the evening starts at 9pm with POV's "Critical Condition." The program "puts a human face on the nation's growing health care crisis by capturing the harrowing struggles of four critically ill Americans who discover that being uninsured can cost them their jobs, health, home, savings, even their lives."



The night continues at 10:30pm with "RX for Change," which is a "follow-up to POV's 'Critical Condition' [that] outlines the presidential candidates' stands on health care reform and features a discussion with experts who evaluate the plans." Now is your chance to see where McCain and Obama stand on the issue.


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jdrf-logo.gifA few weeks ago a friend sent me an appeal to donate to the JDRF, the Juvenile Diabetes Research Foundation, walk she is doing in Mississippi. In Chicago there are five walks around the area on October 5th. Chicago's walks bear the name of former Chicago Cubs third baseman and current WGN Radio broadcaster, Ron Santo. His story of playing professional baseball while battling Type I diabetes was profiled in This Old Cub.


So what is type I diabetes?



Type 1 diabetes often develops in children, adolescents, and young adults, so it's sometimes called "juvenile diabetes." Diabetes is not contagious. You cannot catch diabetes from someone who has it. Researchers continue to study how and why diabetes occurs in certain children and families. Although diabetes cannot be cured, it can be controlled.


Since people with type 1 diabetes can't produce their own insulin, they must put insulin into the blood stream through injections or an insulin pump. If people with type 1 diabetes inject too much insulin (or eat too little) they may have a hypoglycemic reaction. Hypoglyce­mia (low blood sugar) is the most common problem in children with diabetes. It can be very serious and requires imme­diate action.


Many walks are happening around the country and happen at different times, but for most there is plenty of time to sign up on your own or start a team. And if walking isn't your thing, you can always support a walker in your area. A cure isn't quite on the horizon, but advances in medical research make many optimistic that there is a cure out there.

On September 10th, Matt Damon described the likelihood of Sarah Palin becoming our 45th president as "a really bad Disney movie."


"I'm just a hockey mom from Alaska," he said, imitating Palin. "And she's the president, facing down Vladimir Putin, using the folksy stuff she learned at the hockey rink. It's absurd. It's totally absurd."


He was right.


Even lots of Republicans are turning against Palin, and GOP strategists are more than a little rankled by her recent media gaffes -- most notably her embarrassing interview on CBS last week with Katie Couric.


Leave it to the acerbic, brilliant wit of the folks at College Humor to bring Damon's comment to life, illustrating just how much of a madcap, zany, outrageous, trite and -- dare I say it -- contrived situation this really is.


Here's the trailer for Head of State, a nonexistent but yet all-too-real movie, coming soon to a network news station near you:


pelosidodd.jpgMark Tapscott is the staunch conservative editor of DC Examiner and a fellow media technologist at the Sunlight Foundation's Open Congress Project. He's for the to the bail but critical of it. For the sake of clarity, he has published on his blog a side-by-side comparison of the Paulson proposal and the one being put to a vote. Take a look at it after the jump.


Remember, this table is from the POV of a fiscal and social conservative. Still, given so many Republicans are against the bail out, I find it a helpful visual aid.


The chart confirms my first gut reaction: There's no help for victims of the sub-prime mortgage mess nor provisions to ensure the criminal prosecution of bankers who willfully lied about their creditors incomes.


Also, I see no reason to create a "bipartisan oversight committee" nor to create a new mandatory banking insurance when we already have the FDIC (Federal Deposit Insurance Corporation). On the contrary, the FDIC should be expanded as per James Galbraith's Washinton Post opinion piece, A bailout we don't need. I especially think it's really smart to empower the FBI with the money and tools needed to look at this economic crisis from the POV of potential criminal activity.


What do you think?


Caricatures -- to use a word Sarah Palin recently had a hard time remembering in her interview with Katie Couric -- are par for the course in political satire. And Saturday Night Live has been doing them pretty damn well for more than 30 years.


But usually they're silly -- i.e., great spoofs, but not mirrors of reality.


It seems that John McCain's pick for a VP has changed that, giving SNL's writers and Tina Fey something of a break -- at least while she's playing Sarah Palin. No longer do they need to write parodies of speeches and quotes -- all they have to do is have Tina recite Palin's words verbatim.


In this clip from CNN, we see Tina Fey's Sarah Palin followed by Sarah Palin herself. Just watch:



It's funny, no doubt about it. But wait a second: We're likely to have a vice president whose own words make us laugh when delivered by a comedienne, whose caricature is a photo-real portrait, and whose power in this country will be second only to one person's. And if McCain succumbs, as many fear he will, she'll be the most powerful.


Suddenly I'm not laughing anymore.

SilverCertificate1Dollar.jpgThe US Treasury has just completed its plan for the bailout. The "Rescue Bill," as it's favorably called, will involve the now infamous sum of $700 billion, with $250 billion going immediately to the financial institutions and the rest to be spent in installments as needed.


Now seems like a good time to consider the $700 billion figure.


Over the weekend, I received a forwarded email about the bailout that I immediately took to be a fabrication -- a fake quote from a deliberately vague source so it could never be disproved.


But inspired by curiosity, I looked for it online, and to my surprise, found it within a minute on one of the country's most reputable sites for financial and business news: Forbes.com.


The quote, from a "spokeswoman for the US Treasury", states that the $700 billion dollars is "not based on any particular data point. We just wanted to choose a really large number."


I couldn't believe it was real. It's absurd and unconscionable that the US Treasury would simply conjure a number out of thin air and say, "Here! This oughta do the trick."


But then again, maybe it isn't. The spokeswoman's quote may not have been fake, but our monetary system certainly is. We haven't had a gold standard in 75 years. Every time we spend a dollar, its value is determined entirely by someone else's willingness to accept it. It's all just Monopoly money, and our entire credit system is a gigantic house of cards.


So when we're talking about much larger numbers, where the sellers and buyers are banks and governments, the dollar agreement described above is merely expanded. Every time a bank agrees to buy up the "assets" of another bank, or a government bails out a defunct and overspent industry, the transaction is only possible if both parties agree to accept the number as meaningful in some way.


The cycle then repeats itself, and the money -- like oil, water and air -- begins to circulate. First it's in the hands of one bank or other organization, then another, and then another. It's always just moving around, but "it" is actually nothing.


Or nothing more than an agreement, anyway.


So yes, the Treasury could have come up with any formidable number. It could have said $500 billion, $1.2 trillion, $875 billion. It doesn't really matter.


None of this makes the number OK, of course, and neither does the fact that $700 billion has become the de facto figure that people around the world are talking about when they talk about the financial crisis. It's become a reality of our economic and political climate, and regardless of how arbitrary it is, there's no longer any other option.


After the Senate decides what to finally do with the plan that was finalized very early this morning, we'll be hearing a lot more about this random, abstract, meaningless number.


It's amazing how much power something so artificial and nonexistent can wield.

Duncan McMillan_image.jpgThis photo "A Sustainable Forest" is an upward view showing the array of small wind turbines and photovoltaic panels outside the Arc building in my home town of Hull in the UK. The Arc is a radically designed carbon-neutral exhibition space, intended to champion architectural excellence. It was built as part of an ongoing program of regeneration in the city. I have always been struck by the vision of the architect, and I couldn't get the idea out of my mind that the collection of mast mounted turbines and panels was forest-like, which resonated with the environmental ideals upon which the building is founded. I had had this shot in mind for a while, and on this particular day the blue sky broken with cloud provided the perfect complementary backdrop for the bright yellow of the solar panels.

ballot.jpgEveryone keeps saying it: This is the most important election in generations. Voter registration drives are everywhere, get out the vote events will certainly kick into once we hit October, and groups who normally don't endorse in general elections are coming out of the woodwork.


The National Organization for Women endorsed the Obama-Biden ticket. Not a surprise you say? Well it is the only time NOW has endorsed in the general election without a woman being on the ticket.


Did you hear about the poll done about a month ago asking people if they would vote for someone without a pet? Well, the Humane Society Legislative Fund did and they reacted. It is their first endorsement in the general election ever.


One of the guiding principles of the Humane Society Legislative Fund is that we evaluate candidates based on a single criterion: where they stand on animal protection policies. We don't make decisions based on party affiliation, or any other social issue, or even how many pets they have. We care about their views and actions on the major policy debates relating to animal welfare


It also didn't help the McCain-Palin ticket that Palin keeps touting her hunting skills as part of her qualifications. Field dressing a moose and shooting wolves from helicopters doesn't make you friends with the animal rights folks.


If you don't want to get your heart broken, don't read the list of entertainers who have endorsed McCain or Obama. It's hard to read that an actor who played a favorite character is off fighting against your beliefs. Or you can read it and bask in partisan glory while watching their shows/movies.


But one celebrity's endorsement has set off more than the usual controversy. Daddy Yankee's endorsement has caused backlash from other Latinos, as well as from conservative Latinos who are offended by DY's lyrics.


The Republicans of Choice PAC and the Log Cabin Republicans endorsed McCain.


Despite a lengthy web search, I couldn't find too many "first" endorsements. I was looking for Luddites for McCain (I guess their endorsement wouldn't be online, now would it?) or the American Association of Knitters for Obama, not the usual suspects. Whether this really is the most important election in a generation or two remains to be seen. But it has definitely been one of the more entertaining in my memory.

Paul_newman_from_exodus_trailer2.jpgFor me, Paul Newman will always be Cool Hand Luke, the title character of Stuart Rosenberg's 1967 film. As a kid, I was obsessed with prisons: I read everything I could about Alcatraz, watched all the movies I could find, and even turned my bedroom into one, complete with a holding cell, a solitary confinement "room" and a gas chamber. Naturally, none of these were functioning -- I had neither locks on the doors nor gas in the chamber. Once, I got in pretty serious trouble for putting my brother in "solitary" on a particularly hot summer day. My dad tore up the cell (which was little more than a 6'x8' piece of foam bended into a semi-circular tube between my bed and the wall), thus putting an end to that incarnation of my bedroom. I think the closet/holding cell remained in use for a few more months, but then I was off to a new pastime -- skateboarding.


Granted, it was a weird hobby -- I know my babysitters thought so -- but I was fascinated by prisons, and to my young mind, Cool Hand Luke was the quintessential prison movie.


Mr. Newman, who died on Saturday at age 83 after a long fight with cancer, of course made dozens of other major films during his 56 years in the business. But he was also a dedicated philanthropist and humanitarian. His Newman's Own food line donates a portion of its proceeds to charity. In 2003, he and his business partner, the writer A.E. Hotchner, wrote a memoir on the venture titled Shameless Exploitation in Pursuit of the Common Good.


Over the years, Newman gave millions to camps, organizations, charities, and schools in a lifelong effort to improve the lives of those without the means to do it alone.


The indomitable spirit on display in Cool Hand Luke may have been evidence of Newman's exceptional acting skill, but I venture to say it was also pure Newman.



[Image: Paul Newman in Exodus, 1960]

Kenneth Cole explained how Americans can put their best foot forward by volunteering


Veronica highlights a particularly timely new book about "National Security Moms"


David Alm laments the lack of political knowledge of many U.S. voters and examines the true meaning of a "liberal arts" education


Robert Whitlock uploaded a photo of participants at a recent peace vigil


Ron Mwangaguhunga weighs in on the politicization of the meetings of the United Nations (Sarah Palin, anyone?) and highlights new initiatives at Google to battle infectious disease


Heather Dumford, Media Marketing Manager at Kenneth Cole Productions, highlighted new Green programming on the Sundance channel


Liza Sabater pointed to evidence that the Obama and McCain camps are planning even more mudslinging over the coming weeks

P9250005.JPGYesterday afternoon, in the heart of the Financial District just north of Battery Park, a few hundred people gathered on a small median outside of 26 Broadway to protest the $700 billion government bailout.


Surrounding the iconic bull -- the inert mascot of Wall Street -- groups from Code Pink, Picture the Homeless, the Yes Men and numerous other organizations rallied against the proposal that could save us all from financial collapse in the short term.


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Buy My Sh*t Pile, which organized the protest, has a simple message for the bankers: "If you're going to dump your worthless investments on me, then maybe you'd like to take some of the crap I've got lying around the house off my hands -- you know, snow globes, old puzzles, a broken bicycle tire pump..."


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So why would these folks be against something the media is reporting as a way to save us from another Great Depression? Because if the government spends that money now, guess who'll have to pay it back later. That's right: John Q. Taxpayer. And if the government bails out these firms, doesn't that just send the message that it's okay to spend money you don't have, stupidly invest other people's money, and provide egregious salaries and bonuses to a huge percentage of your employees?


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As protests go, it wasn't too dramatic: I saw no arrests, and no traffic was disrupted -- even though the action all took place on an island in the middle of a major thoroughfare in Lower Manhattan.


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These were law-abiding folks, but that didn't diminish their passion to be heard by the "fat cats" in the buildings all around them.


And for all you New Yorkers: If you don't agree with the bailout either, but aren't one for demonstrations, you can write directly to Congressman Chuck Schumer or Senator Hillary Clinton.

toyotaprius1.jpgWhen our car died in 2005 we bought a Toyota Prius. It was more money than we wanted to spend on a car, but we went for it. Fast forward a few years, gas is a couple dollars per gallon pricier and we are even more in love with our car. One of the flaws with the Prius is trying to figure out if it is better for high MPG in the summer to roll down the windows or turn on the AC: it's all about aerodynamics and has been hotly debated in Prius circles.

*insert flower sprout sound* Low Impact Living reports that the third generation Prius will use solar panels:

According to Marketwatch, the Nikkei reported that the solar panels would provide a portion of the two to five kilowatts needed to power the air conditioning unit. The solar panels would be supplied by Kyocera.

That sound you heard is a collective woot! by the hybrid nation.

While Toyota seems to still be having issues with catching up to Prius-mania, there is optimism that they will eventually deliver this much needed and wanted piece of technology for car owners. Considering that I feel that I get the highest MPG when the weather is cool enough that I just crack my window... if we can keep my windows shut in the summer, maybe we'd crack that 50-55 MPG barrier in the city.

Of course I then start to ponder if the AC technology is green enough to be truly offset by the solar power. Is there a car engineer in the house to explain if not using the AC is greener than using the AC even if it is solar powered?

Kermit was right — it isn't easy being green.

top25Univs.jpgOne would think that with all the hub-bub over same sex marriage and gender-neutral marriage licenses that the United States was a sanctuary for LGBT persons. Yet one just has to travel down memory lane to high school to remember that we have a long way to go. This week the Gender Public Advocacy Coalition (GPAC) released a listing of K-12 schools and colleges that directly address gender identity in their rules and regulations:


The 3rd edition of GENIUS reports results from 940 respondents at 348 U.S. campuses. The Index found a broad increase in schools embracing greater gender protections. For instance, among the key findings:


* 88% of "Top 25" colleges and universities now include gender identity and expression and sexual orientation in their non-discrimination policies (up from 65% in 2007);

* Campuses including gender identity and expression and sexual orientation in their non-discrimination policies jumped 53% since 2007;

* Campuses offering gender-neutral restrooms almost doubled, to 271 from 141 in 2007;

* Campuses offering gender-neutral housing also nearly double, from 30 to 56; and

* Over 4.25 million K-12 students now attend public schools in districts covered by anti-bullying policies that address gender identity and expression and sexual orientation


As younger and younger people come out as LGBT or even question their sexuality, it is necessary to protect them in order to allow them to feel their way through life the same way heterosexual persons are allowed (slut-shaming aside). It was just earlier this year that a gay middle school boy was shot in school. Who was to blame? Him for wearing feminine clothing. According to the LA Times:


Students and other witnesses told investigators that tension had been simmering for days between the two eighth-graders. Lawrence had announced that he was gay and sometimes dressed in feminine clothing, said students, who added that [Brandon] McInerney was annoyed by Lawrence's public interest in him.


Students need this extra protection as school should be a safe place to learn and grow. On a larger scale, there is hope that by embracing the right for everyone to figure out their own gender identity on their own terms just might allow boys to escape the tight box of masculinity.


Check out the listings and see if your college or state addresses gender identity.

images.jpegThis spring, Google, the search engine par excellence with a Lefty public face, came under attack for a new twist on an old problem: censorship. Historically, censorship is associated with conservatives, while the ones fighting it are liberal.


Not anymore. (Or at least not in this case.)


The Christian Institute, a UK-based religious organization, tried to advertise on Google with an anti-abortion message, and Google said no. Spokespeople said the company does not allow ads with "abortion or religion-related content," but failed to mention that it had sold advertising space to doctors offering abortions and the non-profit abortion rights group Our Bodies Ourselves.


So the Christian Institute filed a lawsuit, claiming that Google was discriminating on religious grounds. After months of negotiation, Google revised its policies and settled out-of-court with the Institute. And as of last Wednesday, the search engine now allows anti-abortion ads provided they aren't graphic or emotional.

John McCain requested that both his and Barack Obama's campaigns take a hiatus and postpone Friday's debate so that both candidates can hightail it to Capitol Hill to work on a bi-partisan bailout plan for Wall Street.


Obama said no.


His reasons are solid, though: "Presidents are going to have to deal with more than one thing at a time," he said. "It is not necessary for us to think we can do only one thing and suspend everything else."


Obama further argued that now is a critical time for Americans to be hearing from the man who in just about 40 days will be responsible for this mess, that is, cleaning it up or making it worse, depending on what happens then. It's not the time to shut-up.


McCain's public position is that both nominees should meet with the President and Congressional leaders to work out a plan, but some suspect that his proposal is more an effort to buy time in order to regain the offensive against Obama's strengthening campaign.


Depending on what happens in November and beyond -- with our economy -- this could become the stuff of political lore.


If Obama gets elected and the economy improves, he could be hailed as a multi-tasking visionary. If he gets elected and the economy worsens, he could be attacked -- and quoted ad infinitum -- for not reacting as McCain wanted.


If McCain is elected and the economy improves, people will say his request was duplicitous and cowardly. If he's elected and it worsens, his maverick persona could get a boost: Woe to the rebel who wanted to save the day but no one would let him.


As with so many things right now, we'll just have to wait and see. I just hope this doesn't turn into another $87 billion noose, like the one that helped hang John Kerry in 2004.

Pinocchio Politics in NYC


I haven't been away because am slacking. I've been away because I've truly been slogging through the bail out panic/credit crisis, trying to digest everything I can so I can blog it here.


Yet there is so much of it that I've been a bit overwhelmed. I will get back to y'all tomorrow with some of my thoughts on all that.


Obscene


In the meantime, let's take a quick look at the major distraction : The mudslinging happening betwixt the campaigns. I think these two images summarize what's going on.


What do you think? Is it accurate, way over the top or even worse?

It is home to the Spurs, the Road Runners, the River Walk and the Alamo -- the site of one of history's most famous "last stands." Who knew that so much of San Antonio's cultural and historic touchstones were rooted in the common need for good footwear?


As proof that not all Texans limit their reading to friendly one-page memos prepared by their neoconservative advisers, I received a comment on one of my last blog entries -- addressing the need to update FDR's New Deal -- from a graphic designer in San Antonio, who asked me to elaborate on practical ways an average citizen could make a difference: "Invest yes," my dear reader asked, "but where? How can individuals contribute?"


As one always eager to stand in someone else's shoes -- particularly those with a good soul -- let me offer a few thoughts on something that is always in season: volunteering.


Over the past eight years, you didn't need a 90210-like mailing address to notice a rumble in the ground underfoot. That sound you hear is the center of gravity of social change shifting, from the public sector back to the people -- if, indeed, it every really left us in the first place. Red state or blue state, leather pump or suede heel, most Americans today recognize a simple reality: our brand of market capitalism -- combined with the natural limits of compassionate government -- has left too many big problems unsolved. From health to education to the environment, there are gaps everywhere you look -- and people are getting involved in new ways to give America the kick-start it needs to solve them.


In 2007, a record 61 million Americans volunteered in their communities, giving 8.1 billion hours of service worth more than $158 billion to America's communities. At the same time, Americans gave $295 billion in direct contributions -- serious walking-around money -- and less than 2 percent came from mega-givers like Warren Buffet. If the 2000s were about the democratization of technology, the 2010s may very likely be about the democratization of giving -- a new era in which the way people care, and how they show they care, is changing faster than Us Magazine headlines about Britney Spears.


awearness_book.jpgIn fact, as a small effort to celebrate my company's 25-year effort to raise social awareness, we embarked on a small project to compile a few inspiring stories of volunteerism and public service to include in a book. But as the process evolved, each story led to many others, and I realized that the number of selfless and heroic individuals working to make change is virtually limitless.


The book, called Awearness (I believe strongly in recycling), comes out this fall. The stories -- from Lance Armstrong to Ashley Judd to Elton John to Ludacris -- may inspire you to get involved. If they do, dear reader in San Antonio, here are a few things to keep in mind when thinking about where to apply your talent and time:


Find What Is Most Fashionable to You. Think about why you want to volunteer. Do you want to change the world, or just your block? Do you want to meet new people, learn new skills, or apply the ones you already have? Choose a cause that is most meaningful to you. If HIV/AIDS work is important, find a local clinic, or a local organization working to make change.


Make Sure To Try Things On. Don't commit to a 12-week program mentoring a child without trying a few one-on-one sessions first. Be honest: if you find something that's not quite you, other people will be able to tell, too.


Find the Size That Fits. Not all organizations require a long commitment. If you have a busy schedule, volunteer for an hour or two each week, or maybe just a few times each month. If you find you have more time and want to pursue it, do it gradually.


Reach for the name brand first. If you're not sure about opportunities in your area, contact a national organization of whatever cause you are interested in. Chances are, they can suggest local options.


Don't be a Lone Star, even in Texas. If you find an organization that inspires you, encourage friends and neighbors with similar interests to join.


We can all be the change we want to see in the world. It's up to you decide if making change -- or donating change -- is the change most meaningful for you.


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Google Inc. has vastly benefited from globalization, so it is natural -- and laudable -- that they would want to give back to the citizens of the world with largesse through their philanthropic arm, Google.org. For all the positive impacts of globalization (cheaper consumer goods, the information revolution, greater transparency of rogue regimes through citizen journalism, a more integrated global economy), there have been drawbacks (the off-shoring of jobs, the spread of infectious diseases, a more integrated global economy). Mark Smolinski is Google's director of the Predict and Prevent Initiative, a global health program that channels tens of millions of Google's dollars and the company's in-house technology expertise -- think Google Maps and Google News -- tackling the problem of infectious disease. Those challenges, which used to be buried in the international section of the newspaper, are now only a plane ride away, as we were reminded by the bird flu pandemic.


HealthMap, for example, maps and distills information about outbreaks of disease from around the world. This open and free resource has been favorably reviewed by The Journal of the American Medical Informatics Association. HealthMap received a $450,000 grant in 2007 from Dr. Smolinski's global public service. Evan Ratliff of Wired profiles Smolinski this month:


"Smolinski faces a daunting landscape. More than 300 new diseases have emerged since 1940, many the result of jumps from wild animal to human. Outbreaks are expected to increase as environmental degradation thrusts humans into ever-closer contact with wildlife and as climate change alters the life cycles of disease vectors ... Meanwhile, older diseases are rapidly crisscrossing the planet. 'West Nile, which has been around in Africa since antiquity, appeared in 1999 in New York, and in three years it spread throughout the country,' Smolinski says. 'Now it is one of our endemic diseases.'


"Yet even though the next West Nile or HIV is just a plane flight away, the global public health system remains focused on responding to diseases after they've spread."


Google.org has given $5 million to InSTEDD (Innovative Support to Emergencies, Diseases and Disasters), another early detection non-profit focusing on humanitarian crises and global health. Google.org has also meted out a $2 million grant to Pratham, to improve the quality of education in India.


[Image: Remixtheory]

UnemployedMarch.jpgThe word on the street -- namely, Wall Street -- is that we're in trouble. Some analysts are predicting the current financial crisis to be worse than the Great Depression. Others are saying at the very least it's the worst situation they've seen in their lifetimes. All agree that the financial industry can't get out of this mess alone, and that we're all going to experience the fallout.


You don't have to have a degree in economics to understand this basic equation: nearly 25 percent of the total income in New York City is in the financial sector, which comprises only 3 percent of the total workforce.


This means that once that handful of people who earn a whole lot of money suddenly lose their salaries, or worse, their jobs, all the places they used to spend their fortunes suffer too.


Restaurants, bars, strip-clubs, salons, theaters, boutiques -- you name it. If it's part of commercial society, it'll be affected.


Walk by any restaurant that specializes in steak -- and no, I'm not being facetious -- and you'll see a lot of empty seats.


Even the MTA is panicking, as it looks at a $900 million deficit that could get worse if the economy doesn't improve.


This means lots of other people lose their jobs, too, or if they're in the service industry, have to survive on much fewer or lower tips.


And this is just the beginning. Yesterday, US Treasury Secretary Henry Paulson pleaded the Senate to pass a bill granting $700 billion to bail the financial industry out of its self-made crisis without further ado. We can discuss future regulation later, he told lawmakers.


Hillary Rosen, of the Huffington Post, offers the following suggestions for getting out of this quagmire before it drowns us, and for ensuring that nothing like it happens again:


1. Taxpayers need equity in the companies we are saving. If the government is guaranteeing rather than buying the "bad" paper, once those investments pay off -- and many of them eventually will -- we will have gotten nothing for our money. We will absorb the losses but get nothing for the gains.


2. Executive pay must be limited. Executives of the firms we save must not be allowed to be the ones benefiting. If the firms' stock prices and profits increase during the time we are guaranteeing against their losses, there should be a pool where that money goes to ALL employees after the taxpayers are paid back equity on our investment.


3. Congress must have continued oversight. The authority should sunset after six months. There should be a special committee of members of Congress on an oversight board and they should be forbidden from taking political contributions from the financial sector.


4. Stimulus funds that focus on more than just mortgages -- we need jobs. If sufficient authority already rests within the Federal Housing Authority, the Bush administration must be required to act on it to help regular folks from losing their houses due to bad loan practices, and if it is not adequate, it must be increased.


But the other key point of our economic emergency is that too many people are losing their jobs based on financial decisions beyond their control. We have historically high job losses over the past few months. What could be more of an emergency than to address this now rather than wait another six months for Congress and a new president?


[Image: Unemployment March, photographer unknown]

This Tuesday, September 23rd, on the Sundance Channel, the Green night of programming will consist of two different episodes of Big Ideas for a Small Planet. The first episode, which will air at 9pm, is entitled "Power." "This episode explores the booming field of alternative energy as it introduces several individuals who are working to develop clean, renewable energy from resources both well-known and left-field. In Washington D.C., we meet a team from Texas A&M University who are participating in the Solar Decathlon, a competition to build a fully functional home on the Washington Mall."


An all new U.S television premiere will air at 9:35pm, entitled The Planet. It was directed by Michael Stenberg, Johan Soderberg and Linus Torell. "This ambitious film delivers a comprehensive look at the earth as a system of interconnected elements-land, water, flora, fauna, etc.- on the brink of cataclysmic change. Filmed in over 25 countries, The Planet surveys how human beings have transformed the surface of the earth; startling images capture everything from sprawling recycling dumps in China, to the check-by-jowl proximity of African cities to wild animal habitats, to the dramatic deforestation of the Amazon rainforest."


The second episode of Big Ideas for a Small Planet for the night will air at 11:05pm and is entitled "Business," which explains how "corporations have begun embracing green business practices as beneficial to their bottom lines, productivity and consumer profiles. This episode visits four companies of varying size, all of them leaders of the eco vanguard."



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In this clip from Roundtable on ABC.com, veteran political analysts and pundits discuss the recent controversy surrounding John McCain's dubious understanding of the US economy. The journalists in the clip are united on one key point: the Republican nominee's positions change with the wind, and he doesn't seem to have anything close to a clear agenda for getting us out of the mess we're in -- especially now, with the federal government getting involved to bail Wall Street firms out of the nasty predicament they've gotten themselves into after years of egregious spending. What's more? There is one damning aspect of McCain that will only lessen his already slippery grasp of our economy: his age.