First Enron, Xerox, Tyco, etc., then Bear Stearns, Lehman, WaMu, Wachovia, AIG, etc., then the Big 3, now Bernie Madoffs $50 billion Ponzi scheme.
When will the law truly punish corrupt bigwigs? Take their every dollar and possession, and give their whole families nothing but some clothes, Welfare and Section-8! And no gifts from friends either!
Poverty: isnt this what their former workers and their families get? And by whose fault? Bastards...
J. Andrew Smith via email
Where‘s the justice?
A local cop chokes on pizza and has an accident -- or vice-versa? Another officer runs a red light and has an accident because he was blinded by the sun.
The media is replete with other reports of those in uniform who drive drunk off (and on?) the clock. Often their accidents or other misjudgments result in NO ticket or significant discipline.
Contrast that with a hard worker who gets up early on an ugly morning to deliver a local paper on yet another poorly maintained Grand Traverse County Road Commission road. She has the misfortune of slipping on icy slush and is issued a ticket. Perhaps her insurance costs will increase.
Little wonder that people are losing patience as well as respect for the local institutions?
Ethical, dedicated, law-abiding members of the law and Road Commission must be embarrassed.
Joyce Walter Suttons Bay
Say no to the bail out
As the disgraced Detroit Big Three automakers are asking Congress for tens of billions of taxpayer dollars, we should remember the last several billion that we gave the industry, and its outcome.
In the 1990s, the Partnership for a New Generation of Vehicles worked to make 80+ miles-per-gallon cars and allowed for communications amongst scientists between the big three auto makers to help speed that process along.
The Partnership was a huge success, with three 70+ miles-per-gallon prototypes. General Motors had the Precept, with one version getting 108 miles-per-gallon, equivalent running on hydrogen. Ford had the Prodigy getting 72 miles-per-gallon, and Daimler-Chrysler also had a 72 miles-per-gallon vehicle. Taxpayers were proud that their billions were not wasted, and expected these vehicles on the market.
But none of the automakers put any of these vehicles into production, or anything similar.
Instead, they chose gas-guzzling SUVs, the epitome of stupidity from a climate change and energy conservation perspective. Using slick ads to push their behemoth vehicles, the auto makers are among the biggest culprits in the fast rise in greenhouse gas emissions in the United States.
What happened to the efficient vehicles? The failure to incorporate that technology was also a major cause of our economic collapse. With the rise in gas prices this past summer, the values of SUVs plummeted, and for many, their gas guzzlers are now worth less than the loan they have on them.
Why should we give a bail-out when the automakers are the ones who put themselves into the crisis they are in through their own idiocy? Why dont they dust off these efficient vehicles and put them into production, something both our wallets and our planet could have used a decade ago?
They say those who forget history are bound to repeat it. After the foolish follies of the auto industries, in pushing gas guzzlers on the American public (along with tax breaks that they manipulated through Congress), why should we bail them out?
Chad Kister Nelsonville, Ohio
Where was Shelby?
Alabama Senator Richard Shelby has expressed his outrage at the proposed bailout for U. S. automakers. Could it be because of his anti-union animus towards labor unions in general, and the United Auto Workers in particular? It is apparent that Senator Shelby is interested only in protecting the interests of the union-free foreign auto manufacturers in his state.
The $14 billion bailout package proposed for the Big Three U.S. auto manufacturers pales in comparison to the open-ended $700 billion bailout package given to mortgage lenders. At least there are payback provisions attached to any bailout for the automakers.
Its also obvious that Senator Shelbys record demonstrates his contempt for collective bargaining, rationalizing that union workers make too much money. Really? Where was Senator Shelbys outrage when corporate CEOs were (are) raking in millions of dollars in wages, stock options and bonuses? Where was his outrage when they got paid this outrageous compensation while at the same time leading their corporations into an economic abyss?
Where was Senator Shelby when the mortgage-lending shell game was being played out?
Paul G. Jaehnert via email
In the life of the Christian church, the season of Advent (the four weeks before Christmas) is a time of preparation, waiting and hope. Advent is a time to take stock of our values, priorities and goals.
Christs birth is a story of promise, hope and revolutionary love. Yet how do most people celebrate this? Some trample Wal-Mart employees to death to save 30 bucks on a DVD player (an ironic twist to Black Friday if there ever were one). Others spend hours sitting in traffic jams. Some are overwhelmed with stress while others accrue massive amounts of debt. And even when the last trash can of holiday refuse is dumped and out of sight, the earth continues to pay the price.
Enter The Advent Conspiracy. The Potters House is joining with other progressive faith communities by encouraging its people to do four simple things this Advent.
Worship Fully: Advent is a time to lay down your burdens and lift your hearts to God. Life is difficult, we know, but Advent reminds us that love triumphs and peace will reign.
Spend Less: Buy one less gift and use the money for something good. You need not be a Scrooge; just be intentional.
Give More: Time is the real gift of Christmas. Go sledding with your kids, bake cookies together, call your mom.
Love All: Do something compassionate for those in need. Jesus loved people in ways that broke down barriers. Jesus loved those who were poor, forgotten, oppressed and hurting. We have the opportunity to do the same.
I recently learned that 1.8 million people die each year from lack of clean water. That figure includes about 3,900 children a day. Its estimated that it would take about $10 billion to solve this problem. But thats chump-change when you consider Americans spend an estimated $450 billion on Christmas.
Do something on your own. Partner with our church to dig wells. Support a local non-profit. Just do something dangerous this year. Give ‘presence‘ and join the conspiracy.
Rev. Corey Sanderson Potters House, United Church of Christ