Archive for July, 2009

Yesterday, headlines from quite a number of newspapers around the nation – as well as some of the television media – announced that New York City was giving its homeless one-way tickets out of town as a cost-saving measure.

I have to admit that I’m not a big fan of Mayor Bloomberg, or the manner in which he and his administration have gone about addressing homelessness in the Big Apple. In fact, over the last few months I’ve criticized some of the tactics which NYC has employed to "handle" its homeless population.

So, my initial reaction to the headline of the first news article I read about these "one-way tickets out of town" was one of: "What nonsense is Bloomberg up to now?"   (more…)

Since the day that President Obama took his Oath of Office earlier this year, there have been a number of pieces of major legislation which have been passed in a hastily reckless manner by Congress.

The argument used by the Administration and by high ranking members of both the House and the Senate for such quick passage, has been along the lines of: "We must pass this bill now. If we wait, it will be too late and things will get worse."

While I appreciate their recognizing that there is indeed an urgent need to try and bolster our struggling economy, I also am quite familiar with the old adage that "Haste makes waste."   (more…)

A few days ago I read a report by the Economic Policy Institute (EPI) which examined the current unemployment situation in the U.S.

The report suggested that the current recession is the "… longest and deepest economic downturn since the Great Depression."

Not exactly a comforting thought, is it?   (more…)

For the past couple of days, Federal Reserve Chairman Ben Bernanke has been testifying before Congress.

Yesterday, he told the Senate Banking Committee that the unemployment rate could reach as high as 10.1 percent by the end of the year.   (more…)

Yesterday marked the 40th anniversary of the Apollo 11 lunar landing.

On that day, Neil Armstrong became the first human being to ever set foot on the moon’s surface.

I recall watching the grainy footage of the event on our family’s black and white television. I also recall hearing those now infamous words spoken by Mr. Armstrong:

"That’s one small step for man, one giant leap for mankind."

As an elementary school-aged boy who loved watching Star Trek, I have to tell you – I was pretty impressed by the whole thing. Actually, I still consider it pretty impressive.   (more…)