Letters

Letters 08-31-2015

Inalienable Rights This is a response to the “No More State Theatre” in your August 24th edition. I think I will not be the only response to this pathetic and narrow-minded letter that seems rather out of place in the northern Michigan that I know. To think we will not be getting your 25 cents for the movie you refused to see, but more importantly we will be without your “two cents” on your thoughts of a marriage at the State Theatre...

Enthusiastically Democratic Since I was one of the approximately 160 people present at when Senator Debbie Stabenow spoke on August 14 in Charlevoix, I was surprised to read in a letter to Northern Express that there was a “rather muted” response to Debbie’s announcement that she has endorsed Hillary Clinton for president...

Not Hurting I surely think the State Theatre will survive not having the homophobic presence of Colleen Smith and her family attend any matinees. I think “Ms.” Smith might also want to make sure that any medical personnel, bank staff, grocery store staff, waiters and/or waitress, etc. are not homosexual before accepting any service or product from them...

Stay Home I did not know whether to laugh or cry when I read the letter of the extremely homophobic, “disgusted” writer. She now refuses to patronize the State Theatre because she evidently feels that its confines have been poisoned by the gay wedding ceremony held there...

Keep Away In response to Colleen Smith of Cadillac who refused to bring her family to the State Theatre because there was a gay wedding there: Keep your 25 cents and your family out of Traverse City...

Celebrating Moore And A Theatre I was 10 years old when I had the privilege to see my first film at the State Theatre. I will never forget that experience. The screen was almost the size of my bedroom I shared with my older sister. The bursting sounds made me believe I was part of the film...

Outdated Thinking This letter is in response to Colleen Smith. She made public her choice to no longer go to the State Theater due to the fact that “some homosexuals” got married there. I’m not outraged by her choice; we don’t need any more hateful, self-righteous bigots in our town. She can keep her 25 cents...

Mackinac Pipeline Must Be Shut Down Crude oil flowing through Enbridge’s 60-yearold pipeline beneath the Mackinac Straits and the largest collection of fresh water on the planet should be a serious concern for every resident of the USA and Canada. Enbridge has a very “accident” prone track record...

Your Rights To Colleen, who wrote about the State Theatre: Let me thank you for sharing your views; I think most of us are well in support of the first amendment, because as you know- it gives everyone the opportunity to express their opinions. I also wanted to thank Northern Express for not shutting down these types of letters right at the source but rather giving the community a platform for education...

No Role Model [Fascinating Person from last week’s issue] Jada quoted: “I want to be a role model for girls who are interested in being in the outdoors.” I enjoy being in the outdoors, but I don’t want to kill animals for trophy...

Home · Articles · News · Random Thoughts · The Downward Spiral
. . . .

The Downward Spiral

Robert Downes - August 15th, 2002
Down and down and down it goes and where it stops? Nobody knows.
That seems to be the mantra on the financial news these days as the stock market does its herky-jerky dance of 300 points down here and a bounce back there. Lou Dobbs‘ Moneyline says investors are switching to real estate (my suggestion over a year ago, by the way), and a panicked family tells CNN that they‘ve lost $800,000 of their savings in what‘s become “a very frightening situation.“
Few of us have the luxury of $800,000 to lose; in fact, only an estimated 1-in-20 investors actually “play the market.“ These are apparently the people who buy low on Monday after the stock market slides off a cliff on the preceding Friday... and thus the sea-sick sense of up-and-down.
But still, enough of us have 401K plans, IRAs and mutual funds in this great age of Social Insecurity and the past year has gone down like a long streak of gambler‘s bad luck. Eighty million baby boomers are looking at retirement with the promises of the ‘90s evaporating like the fizz in Gordon “greed is good“ Gekko‘s martini. I‘ve given up opening the periodic statements in the mail describing the downward spiral of my own retirement plan -- it‘s down something like 30% and approaching the realm of fantasy. I just don‘t want to know anymore.
The stock market fell a similar percentage on Black Thursday, Oct. 17, 1987, which was the biggest one-day loss in the history of the 106-year-old Dow Jones Industrial Average. Is it any comfort that millions of people have at least temporarily lost much of their retirement income over the space of a year rather than a single day? Perhaps that depends on your age and how much you had in the kitty.
At any rate, the stock market rebounded to its former level within a year-and-a-half after ‘87, and as the Bard said, “all‘s well that end‘s well.“
So come on, lucky dice...
It will be interesting to see if President Bush & Co. weather the storm if the market keeps falling along with the nest eggs of America‘s retirees. Like sailors chained to dead men, the Bush administration is ineluctably bound to the corporate pirates of Enron, Halliburton, Arthur Andersen, et. al., who sparked this crisis in confidence.
Consider, for instance, Black Friday on Sept. 24, 1869, when a small group of unscrupulous investors, including Jay Gould and James Fisk, attempted to use their leverage in the administration of President Ulysses S. Grant to corner the nation‘s gold market. Their tinkering led to the financial ruin of thousands of Americans, and the resulting wrath made Grant a one-termer.
But that was a few thousand Americans. We‘re talking about millions, tens of millions.
For what it‘s worth, my wrath is up. How ‘bout yours?
Finally, here‘s a funny notion from a letter writer in the Sonoma County Independent: This would be a great time to ditch Social Security and pour all of our payroll deductions into the stock market. The fresh infusions of hot cash would revive the market, and every citizen‘s ownership of Corporate America would fulfill a Marxist dream of the masses owning the means of production. Thus, we stockholders could demand sweeping reforms of corporate criminality or heads would roll.
Any takers?
Didn‘t think so.
 
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