This is my personal blog. The views and opinions expressed here are only mine. This is my way of showing everyone the events and topics you won't see on CNBC or other Mainstream Media.
Warning: If you are allergic to AWESOME, don't read this blog.
Disclaimer
The information contained in this communication is provided for informational purposes only and has been obtained or derived from sources believed to be reliable. No representation or warranty is being made, express or implied, as to the accuracy or completeness of such information, nor is it recommended that such information serve as the basis of any investment decision. This report contains forward-looking statements that are subject to change. Forward-looking statements involve inherent risks and uncertainties, and the predictions, forecasts, projections and other outcomes described herein may not occur. A number of important factors could cause results to differ materially from the views and opinions expressed herein and there are no guarantees of return. This material is not an offer to sell or a solicitation to purchase securities of any kind. Before making an investment of any kind, readers should carefully consider their financial position and risk tolerance to determine if such investment is appropriate. Mr. Jurgensmeyer may allocate assets to positions described herein and reserves the right to enter, modify or exit any such positions without notice.
Tuesday, October 11, 2011
Municipal Changes
The local government landscape is slowing eroding. Lack of tax revenue is causing quite a few towns to make some strange cutbacks.
Cash-strapped Topeka, Kansas, has decided to stop prosecuting domestic violence casses in order to save money.
The City Council announced the proposal Oct. 4, after the Shawnee County District Attorney's office announced it could no longer prosecute misdemeanors, including domestic violence cases. The city's maneuver may even require repealing the part of the city code that bans domestic battery. Mayor Bill Bunten told the Topeka Capital-Journal city officials take domestic violence seriously, and it would be "dead wrong" to assume offenders won't be prosecuted. But the dispute is over who would pay for it, he said.
Shawnee County has already dropped 30 domestic violence cases since it stopped prosecuting the crime on Sept. 8. Some 16 people have been arrested for misdemeanor domestic battery charges and then released after charges were not filed.
County District Attorney Chad Taylor has reportedly offered to review all misdemeanor cases filed in Topeka for potential prosecution, including those now handled by the city's municipal court, in exchange for a one-time payment of $350,000 from the city.
The Topeka YWCA said the problem must be resolved.
Multimedia
"When an abusive partner is arrested, the victim's danger level increases," Becky Dickinson, interim director of the YWCA Center for Safety and Empowerment, told the Capital-Journal. "The abuser will often become more violent in an attempt to regain control. Letting abusive partners out of jail with no consequences puts victims in incredibly dangerous positions."
Officials in southeast Georgia are considering a money-saving program that would put inmates in fire stations.
The program would put two inmates in each of three existing firehouses in Camden County.
Officials say the inmates would respond to all emergencies - including residential fires - alongside traditional firefighters.
The inmates would have no guard, but would be monitored by a surveillance system and by the traditional firefighters, who would undergo training to guard the inmates. Authorities say one traditional firefighter with correctional training can supervise up to three inmates.
Authorities say the inmate firefighter program could save the county more than $500,000 a year by some estimates. Inmates charged with crimes such as drug offenses and thefts would be eligible.
The Bank rules is monopoly sounds very familiar to real life banking.
THE BANK
Besides the Bank's money, the Bank holds the Title Deeds, and the houses and hotels prior to purchase by the players. The Bank pays salaries and bonuses. It sells and auctions properties and hands out the proper Title Deed cards when purchased by a player, it also sells houses and hotels to the players and loans money when required on mortgages.
The Bank collects all taxes, fines, loans and interest, and the price of all properties which it sells and auctions. The Bank "never goes broke." If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper.
No, it isn't 2008. It is a pale imitation. At least based on the Columbus Day (yes, bonds were closed then too) rally back in 2008 when the S&P soared by a ginormous 11%. Obviously what happened next was a roughly 40% plunge in stocks over the next several months. Suggesting the same could happen again would be preposterous: after all everyone knows Mars is willing and ready to bail out the world when the time come now that every single central bank is dodecatuple all in on preserving the status quo. Not for nothing, but even Greece recently ran out of ink...
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