Showing posts with label blame. Show all posts
Showing posts with label blame. Show all posts

Thursday, May 22, 2014

Are Republicans and Democrats to Blame For the Sub-Prime Mortgage Disaster?

Are Republicans and Democrats to Blame For the Sub-Prime Mortgage Disaster?


Do you find it rather interesting that the left continues to blame the Republicans and President Bush for everything from Natural Disasters, to the Global Terrorists and from Global Warming to the Global Subprime Mortgage crash?


Not long ago, a political pundit who claims to be a moderate stated in a political debate; “Was it not because Republicans colluded with Democrats in pushing “affordable housing,” sub-prime mortgages, for folks who could not afford houses?”


Now mind you, someone on the left that picks and chooses their favorite TV news might indeed believe some of that nonsense, blaming the Republicans for it all and claiming that they initiated the problem. Yes, one could definitely make that argument, and there is ample supply of facts and evidence to back it up, but to deny the reality of the Democrats seeking low-interest loans for those who couldn’t qualify is ridiculous, if anyone initiated it, it would be the left.


Indeed, to further go on and state that the continued decline will be at the hands of the Republicans if they do not vote for Barney Franks increased regulations on banks is silly. As the political pundit asks;

“Is the GOP prepared to demand tough terms for home loans?”


No why should they? There are already laws on the books and banks to look out after their own self-interests, and why would the Republicans wish to prevent economic recovery? More regulation? No, that’s the wrong way to play it while credit markets are shot, banks teetering on assets, and a 4% drop in home prices now would send this whole mess back into the sewer.


No, we have plenty of rules on the books, we just need to follow them and allow banks to be prudent without intervention on who they must loan money too, even if they cannot qualify. Speaking of which GE Capital and CIT are in deep do’do, and we are not out of the woods yet, and I sure as heck wouldn’t invest in any California banks right now. Think on this.



Lance Winslow is a retired franchisor – Lance Winslow’s Bio. Lance Winslow is formerly the CEO of WashGuys family of franchises for instance one of Lance Winslow’s favorite companies on the team; http://www.windowwashguys.com/links.shtml/.



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Are Republicans and Democrats to Blame For the Sub-Prime Mortgage Disaster?

Tuesday, October 8, 2013

Timber industry suffers as loggers blame federal regs for lost jobs

The Rough and Ready Sawmill was an institution in southern Oregon for 91 years. Its lumber helped fuel the post-World War II building boom and settle the rural West. Now, it sits empty, the last of 22 mills in Josephine County to shut down for good, signaling the end of an era. 

For Ivan Cross, it's the end of the only job he's ever had.

"I haven't drawn an unemployment check in 43-and-a-half years," said Cross. "Now, that's what I do for a living."

While Rough and Ready sits in the middle of America's richest timber country, the federal government owns 80 percent of the land. Many in these decimated small towns blame The Endangered Species Act, which paved the way for a flood of lawsuits blocking federal timber sales, because of an endangered species in the region.

"You just can't run a business, no matter how you adapt, if you don't have the raw materials and the log supply to run that business," said Link Phillippi, owner of Rough and Ready.

In the last two decades since the spotted owl was listed as an endangered species, more than 200 sawmills have closed in the Pacific Northwest directly killing 40,000 good-paying jobs. It has turned Josephine County, once Oregon's fastest growing, into its poorest with 30 percent of the residents using food stamps. One out of every five adults in Cave Junction, the closest city to Rough and Ready, is unemployed. When voters shot down a tax increase last year, the sheriff released most inmates and cut two-thirds of his department.

"You've lost the jobs that used to be here," said Oregon Republican Rep. Greg Walden. "You've lost the economy that used to be there, therefore you've lost the revenues for the basic services. It's becoming a lawless county."

Walden and House Republicans have offered a solution: H.R. 1526, Restoring Healthy Forests for Healthy Communities Act. It would take 1.8 million acres of federal land in Oregon currently being managed by the Bureau of Land Management and put it into a trust to be managed under Oregon's environmental laws for timber harvest.

While the bill has bipartisan support, notably from Oregon's Democrat-controlled state  legislature and Democratic Oregon Rep. Peter DeFazio, environmental groups have lined up against it.

"This would be a giveaway of public lands that would be managed exclusively for timber with all the damage that would come from clear-cutting on steep slopes, the loss of salmon and the loss of public values," said Dominic DellaSala of the non-profit Geos Institute.

DellaSala acknowledges the bill would provide a short-term economic benefit for Oregon's rural timber counties, but he says eventually the large trees would run out and the sawmill jobs will leave again. Left behind, he argues, would be a permanently damaged ecosystem.

H.R. 1526 passed in the House last week with support from 22 Democrats and all but one Republican. The final vote was 249-166.

But if the bill were to pass in the Senate, it could face a presidential veto. Senior advisers signaled they would recommend President Obama veto it. The Statement of Administration Policy, issued last week, says the bill would "accelerate commercial timber harvests without appropriate environmental review and public involvement."

In other words, it would be far tougher for environmental groups to sue to block future timber sales on those 1.8 million acres.

Ivan Cross feels like he and the other now-unemployed mill workers are being left out of the equation.

"I'm starting to feel like the endangered species," Cross said.


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Friday, May 31, 2013

Germans blame euro zone crisis for Eurovision debacle

Nearly four months ago, Oklahoma Senators Tom Coburn and James Inhofe both voted against H.R.152, the Disaster Relief Appropriations Act that eventually sent $50.5 billion in relief to victims of Hurricane Sandy. And in the flurry of last night's devastation in Moore, Oklahoma. it was impossible not to forget that fact, knowing the federal government would soon rally to the cause.


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Saturday, February 16, 2013

Broadcasters blame zombies hack password easy

(Reuters)-poor password security allowed hackers to send a bogus warning on television that the United States was under attack by zombie, broadcasters, he said, and an expert in technology, said the emergency channel broke into remained vulnerable.

The attacks Monday on a handful of stations prompted the Government to order broadcasters to change passwords for the equipment used by the authorities to immediately push out emergency transmissions through what is known as the emergency alert system, or EAS.

The FCC did not want to comment on the attacks, but urgent advice posted by television stations on Tuesday, the Agency said: "all EAS participants are required to take immediate action".

Instructed them to change passwords on equipment from all manufacturers that emergency forces broadcasts on television networks, interrupting regular programming. It instructed them to make sure that the gear was protected behind firewalls and also inspect systems for ensuring that hackers had no tail "unauthorized alerts" for future transmission.

The attacks came at a time when officials and external security experts are warning that the United States is at risk of a cyber attack that could cause serious injury or even cost lives. President Barack Obama told Congress that some hackers are looking for ways to attack the United States power grid, banks and air traffic control systems.

While the zombie hoax seemed to be rather harmless, the fact that hackers could easily sent an emergency message showed that they are able to wreak havoc with communications more alarming.

"It's not what he said. Is the fact that they got in the system. They could have caused any real damage, "says Karole White, President of the Michigan Association of Broadcasters.

White and its equivalent in Montana, Greg MacDonald, said he believed that hackers were able to get because the stations had not changed the default password that they used when they shipped from the manufacturer.

"Zombie" hackers targeted two stations in Michigan and several in California, Montana and New Mexico, said White.

A male voice addressed viewers in a video posted on the Internet of fake warning broadcast by KRTV in Great Falls, Montana, an affiliate CBS: "civilian authorities in your area have reported that the bodies of the dead are rising from the grave and attacking life."

The voice warned "not to approach or catch these bodies as they are extremely dangerous."

STILL VULNERABLE

Larry Estlack, President of the Michigan Emergency Alert System, told Reuters that passwords sometimes not getting changed because EAS uses equipment that are not easy to configure.

"Some people have trouble getting through the setup procedure. Is quite complex, "he said.

But Mike Davis, a hardware security experts with a firm known as IOActive Labs, said that there were other ways to remotely access to systems that allow hackers to skip verification of the password even if they have been modified.

Davis said that he had submitted a report to the u.s. Department of Homeland Security's Computer Emergency Readiness Team, or US-CERT, about a month ago that detailed security flaws in EAS equipment that warned make it vulnerable to attack.

"Changing passwords is insufficient to prevent unauthorized remote access. There are still more undisclosed authentication exclusions, "told Reuters via email. "I would recommend disconnecting them from the network until a fix is available.

Davis said he was able to use the search engine Google Inc. to identify some 30 who believed that systems were vulnerable to attack from Wednesday morning.

With US-CERT officials could not be reached.

Bill Robertson, vice President of the privately held electronic electronics Lyndonville Monroe, New York, told Reuters that his company's equipment had been compromised at least some of the attacks after hackers gained access to their default passwords.

Monroe publishes the default password for the equipment manuals that can be consulted on its Web site.

Robertson said he believed that the attackers had been able to access the devices via the Internet because television stations had not properly secured the equipment behind walls of fire, which is what I recommend to Monroe.

"The devices were not really locked down right. They were exposed, "he said.

He said the company is working to reinforce safety on equipment and may update the software so that it forces customers to change their default passwords.

"They were compromised because the door was left open. It was just like saying ' Walk in the door, ' "he said.

Spokesman for the Federal Emergency Management Agency Dan Watson said the breach did not have any impact on the Government's ability to activate the emergency alert system.

(Reporting by Jim Finkle; Editing by Lisa Shumaker and Patrick Graham)


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