A special thank you to the parent who chose to tell her child’s story of being bullied on this editorial page and to Pat Grace for publishing it anonymously. Those decisions have ignited a conversation about the problem of bullying in our community that was discussed with great concern at our SCA Parent Council meetings last week. Everyone has a story and you can hear the pain.
While reading about Lieutenant Commander Mark Evans and his family (‘’Report From Afghanistan,” Jan. 21), tears welled as I recalled the child Chris-Ann McInerney, now his wife. She was our daughter Debbie’s first friend when we moved to Manhasset in 1976. Her smile and laugh were, and still are, infectious.
On behalf of everyone from the Manhasset Special Education PTA (SEPTA,) we would like to send out a huge heartfelt thank you to all the local merchants who participated in our “Shop Manhasset Road” fundraiser that took place on Wednesday, Dec. 9, 2009.
Didn’t anyone anticipate this recession (summer of 2008)? Didn’t anyone foresee that, among other factors, the combination of unprecedented personal debt and sub-prime mortgages was a lethal package that would trigger a recession at the slightest downturn of the economy? Wall Streeters and bankers were doing great and thus, even if they had any qualms, they were keeping it to themselves. Congress also contributed to the problem. But what about all those economist geniuses? They were not involved in the profits of these schemes. So where were they? That we have never heard a peep from any of this group prior to this recession is incomprehensible. It isn’t as if this is the first time that this has occurred. It has happened a number of times before over less than 100 years. It is quite obvious that broad economic theories are a joke.
The Sub Prime Mortgage fiasco was a major factor in triggering the current super recession. What is a Sub Prime Mortgage? Owning one’s home is the ultimate American dream so investment bankers preyed on this desire by offering mortgage rates well below current interest rates to entice marginal buyers. But the catch in those mortgage contracts was that some years down the line the percentage would balloon. Bankers convinced buyers that by “ballooning time” the buyers’ increased wages would be able then to handle the increased payments. It would take, of course, continued prosperity for this to occur.
But Sub Prime Mortgages were not the only trigger of the recession. Perhaps just a tip of the iceberg. The average American family carries an astounding $12,000 credit card debt. Credit card interest rates range upward to thirty (30%) percent so the ability for most persons to ever reduce this burden becomes problematic. It is debt slavery at its worst. A quite similar situation occurred in Ancient Greece (around 500 BC) until a man named Solon tackled this problem. He wiped out all mortgage debts. Incidentally this was the beginning of the most momentous event in all of history.
The birth of Democracy.
Thirdly at fault, there was U.S. Congressional action led by Barney Frank and Chris Dodd that required that banks reserve a certain percentage of mortgage loans for sub prime loans. My memory is vague on exactly how this law was worded but there is no doubt that it fueled this problem.
The great irony now is that we cannot get the economy going until we can get the public to start spending again. In effect to go further into debt.
Are we, the residents of this fine town, the victims of poor decision-making and speculative, inaccurate accounting or are we being consistently deceived and subsequently coerced into voting one way or the other by school district officials? I don’t know for sure, but more importantly, does it matter? When the competence or honesty of such individuals comes into question, we owe it to ourselves to take a step back, look at the facts and consider our options.
(This is a letter from NYS Governor David A. Paterson to all residents of the State.)
This is a winter of reckoning. And I write to you today not only about the state of our State, but also the state of our self-government – a fragile instrument of popular will that is breaking under the will to be popular.
MHS Alumni, Students and Coach Rule
A few years have passed since our Manhasset days. It was a blessing to run into Coach Bob Rule at the MHS reunion.
Reading the Sunday Times on Dec. 27, 2009, I was struck by a front-page article in the Business Section. The writer lamented that many of the board members from companies that failed miserably during the meltdown are now board members at other large companies. The writer pointed out how these board members have failed to take responsibility for their own actions and have acted as if nothing has happened.
As the New Year approaches, The Nature Conservancy on Long Island urges the public to think about making resolutions for the planet. You can help reduce global warming, and protect and preserve our natural habitats and wildlife.
Landmark legislation that protects homeowners and communities from the ongoing foreclosure crisis has been signed into law, Senator Craig M. Johnson, (D-Nassau), announced.
Page 38 of 45<< Start < Prev 31 32 33 34 35 36 37 38 39 40 Next > End >>