Monday Hotsheet at 3 a.m.
JM, Subliminal Advertising? 12.21.07 - click image to enlarge
Joseph Mailander a guy in la • elsewhere • email
The Daily News this morning has a handy roundup of MLK Day events from Pacoima to Pasadena. Here's our favorite: "The California African American Museum will celebrate with galleries opening at 11 a.m. and a cake-cutting ceremony at 1 p.m. CAAM director Charmaine Jefferson is expected to attend."
Lots of people have taken James O'Shea's dismissal as an opportunity to look silly. The cuts were no big deal, says Managing Ed John Arthur, sitting up a little straighter; which must be why O'Shea's only substantive public comment is that he's seeking an attorney. And Mark Lacter's appraisal is surprisingly clumsy. For instance, Lacter suggests Citi's and Merrill's bad quarters and BofA's recent acquisition of Countrywide somehow translates into "enormous pressure to keep down expenses" at the Times. But commercial bankers are highly siloed and only snicker at each other from across the industry groups they bank. They just don't face extraordinary pressures from problems elsewhere in their orgs that way. Besides---there is always pressure to perform well early in the life of acquisition financing. The front page ad discussion is a complete non sequitur; does it really have anything to do with O'Shea?
But in case you were worried, nobody beats MayorSam at looking silly, so you might want to visit our own item on the firing if you haven't yet done so.
The Daily Breeze revisits its own story on Saturday's party shootings in Long Beach, and suggests that gang members may have noticed the party on the Internet and then crashed it. One of the reason's Janice Hahn's gang tax is such a bad idea is that it would turn the policing of gangs into whack-a-mole; we'll spend all this money here but they'll pop up there.
Have a good day off, except for you folks in Sanitation, who apparently have to work. I don't get that at all.
Labels: a guy in la, Gang tax, gangs, LA Times
Posted by Joseph F. Mailander @ 1/21/2008 07:28:00 AM
20 Comments:
Yeah, it is ironic...
MLK was assassinated in Memphis, where he was speaking on behalf of striking sanitation workers.
Joseph might remember that, if prodded... but it's a safe bet that Higby doesn't have a clue.
For him, MLK's death was just a market correction.
Dumbass.
Go ahead and educate yourself, Higby:
http://www.afscme.org/about/1029.cfm
On February 12, 1968 — 40 years ago — 1,300 sanitation workers in Memphis, Tenn., decided that enough was enough. They went on strike to force the city to recognize their union, AFSCME Local 1733. The walkout capped a long history of mistreatment and disrespect amid shameful working conditions.
The strike was a defining moment for the modern labor and civil rights movements. Officially, the men were after rights and raises, but the signs they carried made clear that their struggle was for much more — dignity and respect.
Dr. Martin Luther King Jr. traveled to Memphis to support the striking workers. The evening of April 3, he delivered his famous “I’ve Been to the Mountaintop” speech to a packed room of strikers and supporters. The next day, he was assassinated.
From the January/February 2008 issue of AFSCME WORKS Magazine.
Another reason Janice Hahn's parcel tax for gangs is a bad idea is it will hit only property owners as another property tax. (Which, by the way, is how Tom LaBonge proposes finances mass transit, too -- when the old-style leftie pols run out of new ideas, which is ALWAYS, they hit up the same old sitting-ducks again.)
Chick has already told her it's a waste, too. Nice timing, just as Morroquin has been sentenced for being on the take to the tune of at least $1.5 million while heading the first taxpayer-funded anti-gang unit. Or so we thought it was, but he retained and used his right to put out hits meanwhile.
A tax on those merchants and areas most affected and benefiting from the increased gang cops she wants is a somewhat fairer alternative. She'd put a lot of the emphasis on places like Watts and Long Beach, leaving the homeowners from more expensive homes who fund her simple minded scheme still fuming and still without cops of their own.
NO on any Janice Hahn gang fee.
Mailander,
Can you please give up this nutty grudge you have with newspapers. You are just way to hostile and boring us to death. You are basically laughable at this point. Laughable and boring=lethal blog recipe. You are a small man.
If you are a regular reader of JM you would be lead to believe that the "fishwrap of record" was killing people in Iraq, or destroying the city with bad policy. Are we going to have to suffer through a third story today about the fishwrap of record? Are all problems in the region due to the LA Times?
Now you can make the obligatory comment that I must work for the fishwrap of record and convince yourself that the rest of us don't feel this way. And then, you can sit there and feel intellectually superior to the rest of the world that you are boring to death with your genius.
Will someone please hire JM so he will stop spending all his time figuring out different ways to criticize the print media?
Are there any English only speaking voters out there who vote YES on anything????
We are all conditioned to vote NO on every bond, fee, tax, measure...and every last name ending in EZ or gosa!
The only problem we have is getting all of these voters to the polls!
Get off your asses and vote...or you deserve to lose our city to Mexico!!!
Wait, you don't think that "budget cuts" lead to "revenue boosting changes"?
If the party line is that Editors have to go because of "downsizing", "restructuring", or however they want to spin it, you don't think that other knucklehead managerial/owner decisions to fill the budget void aren't down the pike?
Part of the problem is the public's dumbing down from blogs like this, which Joe admits foster "rumor and innuendo" instead of vetted facts.
Taking the time and trouble to vet the facts for accuracy takes money. And reporters and editors trained to do that are eclipsed by gossip mongering bloggers and writers on real fishwraps, like the L A Weekly. That fishwrap has some decent stories but an equal number of hatchett pieces like Marc Cooper's series on the Clintons as he follows the campaign. Personal vendettas like Cooper's and on this blog against the Mayor and anyone he knows do not journalism make.
Speaking of eccentric choices, what relationship does Joe have to Anna Scott at the Downtown News, that he should have hailed her as a must- ed and v.v.? What quid pro quo?
Meanwhile, this blog goes from anti Mayor and Councilmember hostility to threads by dimwits from the Valley (the Daily News anti- metro, retro, mental deadwood crowd) to the person(s) posting under all sorts of names and accused of being some nutcase animal activist.
Having a balance to these is why we need the Times, Wall Street Journal and NY Times, etc.
Zell, I hope you didn't buy the paper just for the bottom line -- you promised to give it the resources it needs to prosper again, remember?
Here's an idea: Just as the Daily News has become an anti-metro, lowbrow Val rag by intention and its editorials, the LAT needs to do more local stories on "this" side to make it a must-read. The movers and shakers are downtown and the Westside to Santa Monica, own it. Plus keep doing national interest stories like WSJ, a trend spotter.
If you are a regular reader of JM you would be lead to believe that the "fishwrap of record" was killing people in Iraq, or destroying the city with bad policy.
Half wrong. I have never had anything short of high praise for the paper's war coverage and foreign desks.
12:14 pm said..."I am even learned that Zuma is eating menudo with a lonely loco cyber stalker with multiple personality disorder."
Sorry, that 12:14 comment had to be deleted because if I do not even know what you are talking about, I assure the world it is a 100% B.S. lie. I have NO idea what you are talking about.
Party Ghetto Style, luckily the shooters did not murder more people.
http://www.latimes.com/news/local/la-me-parties21jan21,1,4456495.story?
Two teens were killed and at least nine people were injured in weekend gunfire at two crowded parties in south Los Angeles County, investigators said Sunday.
The unrelated parties were widely publicized. Details about one event, held at a rented Long Beach Masonic lodge, were posted on the Internet, according to an official at the hall. The other, at a Compton auto repair shop, was advertised with fliers.
The first attack occurred late Saturday at a birthday party intended for 75 that drew several hundred young people to the Masonic Lodge on Parkcrest Street in a quiet neighborhood in east Long Beach, according to police and lodge officials.
A fight broke out after a group of suspected gang members entered the party, Long Beach Police Sgt. Dina Zapalski said. Shots were fired and Breon Taylor, 15, of Los Angeles and Dennis Moses, 17, of Long Beach were fatally wounded, Zapalski said.
The second shooting came early Sunday at a party in Compton, said Los Angeles County Sheriff's Deputy Oscar Butao. Four or five men entered the gathering at an auto repair shop on Bullis Road and opened fire, he said. When it was over, eight people were wounded, three critically.
Arley Aguiar, the disc jockey at the party, said about 200 people were dancing inside a barbed-wire fence at the business when he saw a man walk in, climb atop a car being repaired and "just started shooting at everybody."
Dancers fell to the floor, screaming and yelling, Aguiar said.
DRUDGE:
BILL HAS A 'DREAM': Ex-Prez Nods Off During MLK Service...
Anonymous at January 22, 2008 12:28 AM,
Thank you...I do know who you are, but I will wait to see if it is your prerogative to announce yourself, and to respect that choice. That was approvingly well said. It is tacit we are speaking in generalities. Your lucid explanation clarifies ideas and notions which were incomprehensible before to others. Again thanx and nice to "see" you in your resilient and eloquent self again.
Janice Hahn is out of her mind if she thinks homeowners should be taxed to support gang programs when Laura Chick hasn't even come out with her auidt yet of the $82 million already wasted. 3 gang prevention guys have been arrested for felonies yet the city keeps giving them money. When will Laura come out with her audit and why is she holding it up? 6 council members have been given campaign donations by some of the gang prevention programs. There should be outrage on that.
Several years ago at Venice Beach a Black girl about 11 years old was at top of a Gym Slide, with her friend. My son eight years old went up there and she blocked him and would not let him use the slide. The friend of the girl in the meantime was instigating a fight. I was able to prevent her from attacking my son.
A young Hispanic girl was walking on York Blvd. a Black American young man walking the opposite way pull on her and try to embrace her. She was able to escape from him.
I have been part of the Title I parent Council at the LAUSD Central District and I have observed so many abuses done on Hispanics by Black American parents and administrators. They take advantage of the Hispanic parents because many of them do not speak the language or are not as knowledgeable of the politics that are at play.
Actions like these provoke animosity from Hispanics to Black Americans.
On the other hand Hispanics are no saints, I believe that many who are in power abuse their power even with their own people.
I have observed a change in Hispanics, before any store that I went to they would speak to me in English, now they want to speak to me in Spanish. I keep answering to them in English and they insist on speaking in Spanish. I do believe there is a conspiracy of wanting to regain “Aztlán”.
One of the things we have to realize is that California and Arizona would not be what they are if it have been left to the Mexican government. Look at Tijuana.
Hey, Aztlan's a real winner of a place, ain't it?! The northern branch of what Mexico has become. Even the Mexicans want to leave it. Why would latinos already living here want to mess up their good thing here by going backward? They're already on their way to running the place as it is.
This whole Aztlan paranoia doesn't compute. The conquistadors have already reconquista'd. Get over it.
As Obama tried to defend his recent comments about Republican ideas and Ronald Reagan, Clinton interrupted and said she has never criticized his remarks on Reagan.
"Your husband did," said Obama, who has accused the former president of misrepresenting his record.
"I'm here. He's not," she snapped.
Bop him on he head with the shoe.
Fed slashes key rate to 3.5%
Citing weakening economic outlook, Federal Reserve makes biggest cut in nearly 24 years - three quarters of a point.
By Paul R. La Monica, CNNMoney.com editor at large
January 22 2008: 10:28 AM EST
NEW YORK (CNNMoney.com) -- The Federal Reserve slashed two key interest rates by three-quarters of a percentage point Tuesday following an unscheduled meeting, citing continued concerns about a weakening economy and turmoil in the financial markets.
The Fed lowered its federal funds rate, which impacts how much consumers pay on credit card debt, home equity lines of credit and auto loans, to 3.5 percent from 4.25 percent.
The Fed also lowered its discount rate, which is what it costs banks to borrow directly from the central bank, by three-quarters of a point, to 4 percent.
This was the biggest rate cut by the Fed since October 1984. And it was the first cut between regularly scheduled meetings since a half-point cut on the day the market reopened following the September 2001 terrorist attacks.
"Broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households. Moreover, incoming information indicates a deepening of the housing contraction as well as some softening in labor markets," the Fed said in a statement.
Treasury Secretary Henry Paulson, speaking at the U.S. Chamber of Commerce in Washington Tuesday morning, said that he hoped the rate cut would restore some confidence in the financial markets and U.S. economy.
"I think it's very constructive and what I think it shows to this country and to the rest of the world [is] that our central bank is nimble and able to move quickly to respond to market conditions and that should be a confidence builder," he said.
Investors didn't appear to share this sentiment though. Stocks plunged at the open Tuesday morning, following two straight days of massive selloffs abroad. But stocks bounced off their lows as the morning progressed.
"You can get into a debate as to whether we're in a recession or not, but it's a really turbulent period right now and that makes it difficult for investors to figure out what to do," said Phil Dow, director of equity strategy with RBC Dain Rauscher.
Dow said the rate cuts are a welcome sign that should eventually help to stabilize the markets but he cautioned that stocks, particularly beaten down financial services companies, could still see more pain ahead.
"Investors have to be careful about focusing on things that look cheap," Dow said.
Wall Street had been betting that the central bank would need to initiate an emergency rate cut before its next scheduled meeting, which concludes on Jan. 30, in an attempt to help keep the economy from tipping into a recession.
Since September, the Fed has cut the fed funds rate to 4.25 percent from 5.25 percent. Investors have been clamoring for more, and bigger, rate cuts hoping that it will kick-start a moribund economy and encourage businesses and consumers to spend.
And the Fed is still widely expected to cut rates again at its Jan. 30 meeting. According to futures listed on the Chicago Board of Trade, investors are pricing in a 92 percent chance that the Fed will lower the federal funds rate another half-point, to 3 percent, next week.
"This was a big step but there is still more to go. More rate cuts will be necessary," said Keith Hembre, chief economist with First American Funds. Hembre thinks that the Fed will cut the fed funds rate to at least 2.5 percent within the next few months.
The Fed has also loaned $70 billion to banks through a series of three auctions since December to help mitigate the effects of the credit crunch on Wall Street. That appears to be working as the Fed said Tuesday that "strains in short-term funding markets have eased somewhat."
President Bush and Congress are also working on an economic stimulus package in order to help beleaguered consumers. Federal Reserve chairman Ben Bernanke endorsed this plan during a speech to the House Budget Committee last week and urged Congress to act "quickly."
But markets have plunged so far in 2008 despite this as investors continue to fret that the Fed may be doing too little too late to keep the economy from recession.
At this point, Hembre said, it's probably too late for the Fed to prevent a recession since there tends to be a lag of several months before rate cuts begin to have an impact on the economy. But he said the emergency cut, combined with the three rate cuts in 2007, could help make a recession brief.
"This rate cut certainly leads to a better outlook in 2009, but it may not have any effect on the first quarter or even first half of this year. We could start to feel some benefit later in the year though," Hembre said.
Still others think the Fed needs to proceed cautiously, especially since it's fair to argue that aggressive rate cuts during 2001 may be the reason why banks are in the subprime mortgage mess they are in now.
To that end, William Poole, president of the Federal Reserve Bank of St. Louis, voted against the current rate cut. According to the Fed's statement, Poole did "not believe that current conditions justified policy action before the regularly scheduled meeting next week."
Fed board member Frederic Mishkin did not participate in the emergency meeting.
In addition, high prices of oil, gold and other commodities, coupled with a weak dollar, are a sign that inflation is not necessarily dead yet. One market strategist said he thinks the Fed made a mistake by cutting rates so drastically since it could lead to bigger inflation worries down the road.
"The Fed is sacrificing the U.S. dollar, which may well compound our problems in the future. I think the auctions are a more precise way to alleviate credit issues," said Haag Sherman, managing director of Salient Partners, an affiliate of investment firm Sanders Morris Harris.
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A recession of global dimensions?
On the other hand Hispanics are no saints, I believe that many who are in power abuse their power even with their own people.
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How many blacks do you think were killed in Harbor Gateway by mexican gangs. Does Cheryl Green remind you?
How Many blacks do you think were killed around Florence by mexican Florencia13 gang members under orders from the mexican mafia prison gang.
How many blacks were killed in the Highland park area by mexicans in Avenues gangs.
How many balck were shot at also killed out in Monrovia last week by mexican gangs.
Mexican gang members from 18th street gang recently killed a baby in a stroller in the Weslake area, and intimidated an old lady witness.
There are over 100,000 mexican gang members in southern California. To say the hispanics are not saints is an UNDER-STATEMENT.
Read the Los Angeles times Homicide Report and see how many people are killed by mexican gang members every week. And there are many hundreds who are shot and survive.
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