Election week is done. It's time to get back to the business of finding real solutions for our nation's economic recovery. As this week ends it is clear that the appetite for federal stimuli is beginning its ebb tide. We see the Federal Reserve playing the risky cards of quantitative easing trying yet again to spark an economic recovery against the odds of a main street economy still mired in the collateral damage of central government's past grand visions.
Don't get me wrong. I actually agree that Fed needs to be doing what it is. We need to find a sustainable balance for our economy and it's a data intensive compass that can only be seen with clarity from the offices occupied by people like Ben Bernanke, Tim Geithner and Sheila Bair. What I do worry about though is that these central solutions too often take from the small and give to the big because the simplifying assumptions used by the economists and statisticians that support the process aren't capable of seeing the one-by-one trench warfare fights being fought by small businesses and individuals. It's an inherent policy formulation weakness of the academic brain trust behind our system that may be costing ordinary people more pain than necessary. But these ordinary Americans are there. We know this because they voted on Tuesday.
Fortunately, the United States is a big country and Washington D.C. isn't the only place exploring ways to find economic recovery formulae. Across the country, cities and states are beginning to chart independent paths to creating their own "islands of recovery". The City of Los Angeles' proposed Responsible Banking Ordinance continues to move through the committee process improving bit-by-bit into what I believe is an important emerging economic policy counterweight to ensure that the "small to big" tendencies of central solutions do not take us astray yet again.
The tale of the tape is something I believe worth sharing with the readers of the Huffington Post.
On October 26th, there was a public hearing by the L.A. City Jobs Committee chaired by Councilman Richard Alarcon on item CF 09-0234, Responsible Banking. The measure was approved with a number of questions to be investigated and reported to a hearing of the L.A. City Budget and Finance Committee to take place on Monday, November 8th. The questions aired by Councilman Bernard Parks focused on two areas. He asked for more information to determine if the cost and design of the process for implementation by the City was indeed workable. He also asked for clarification about how the differences between community banks, large complex banks and the city's debt underwriters would be recognized within the final ordinance.
Mr. Park's questions tell me that the L.A. process is indeed making progress because these are no longer questions about whether this a good thing for the economic interests of the City but rather how well is the plan risk managed. The interests behind the initiative become more positive as banks, large and small, begin to recognize that there is opportunity to be had here. The carrot being offered by the City of L.A is preference to win lucrative contracts that the City will be issuing anyway if evidence can be presented by the bidders that they are placing the interests of the region higher up the business priority list than their competition. It's subtle and far reaching in its potential to encourage money to circulate locally longer.
So now to ponder details,
As I reviewed the current version of the ordinance draft, it was clear the that City of Los Angeles had specified a data collection and reporting request that seeks to get banks to translate the nature of their business activities into measurement language that city governments can understand. The policy question is actually spot on but I'm also pretty sure that asking a bank to deliver the answer on a silver platter to the city first time out is a bit of a stretch. I think there's a better way to make it work for everyone and bring the cost/risk of the process well into good comfort.
The path to success here is to recognize two things. The first is that banks know how to report data to their regulators. They actually track all the information the city wants to know. Once a year they even have to report data to the granularity of branch-by-branch information to the FDIC. The other thing that's clear from the city draft is that municipal governments analyze their quality of service based on census tracts because that's how voters are bucketed. The trick in getting one system to talk to the other is to leverage by translating between the two universes via the zip codes of the U.S. postal service.
Asking the banks to do all the work is a lot of work. But if the City of Los Angeles were to re-design the ordinance implementation process to be a two step process where the banks report data in branches with identification of which zip codes are affected by that branch and there was a post- process by the City to morph the submittals into census tract visibility I think this would actually work reasonably well. City employees and/or other specialty vendors are more knowledgeable about the second step of the transformation than any bank will ever be. And there's a reason for that. Bankers, being lenders, have been discouraged from doing the second step for a long time because the technology that does so equates to gathering the data to do "red lining". So it's actually a better plan for the City of L.A. to deliberately separate these two steps from each other in its ordinance design.
My point here is that by taking a step back and recognizing where natural divisions of skill can be used to complement each other what seems onerous as an all-in-one data request can quickly become very doable.
This gets us to Mr. Park's second inquiry about larger out of area institutions and debt underwriters seeking to do business with the City. To that my observation is that the City of Los Angeles needs to set up a fair playing field for everyone. It's my read that by combining the suggestion above for banks with local branches with the tenets of the current ordinance draft language requesting distilled data into zip codes there's plenty of wiggle room for presentation of evidence of local involvement by these larger institutions, even those that do not have physical branches in the region. Complex transforms of data to support reporting requests are well within the capabilities of the IT departments of these larger businesses. Bearing in mind that these are also the banks that will go after the largest contracts with the City there's plenty of incentive for them to get their systems to produce the reports that will give them an advantage over competing bidders.
And in the long run I'm not just talking about competing just for L.A.'s business. There's a far larger universe of municipal and state government opportunities out there and I'll remind the readers of the Huffington post to look back at the history of my blogs for the one reporting on Bill Lockyer's inquiry earlier this year to the largest municipal bond underwriters.
I mean does anyone really think that the rest of America's League of Cities isn't watching how this plays out? Or that incoming California Governor Jerry Brown, the former Mayor of Oakland, doesn't already know that Los Angeles, San Jose and other cities in California are actively exploring how to affect the future of the State's economy using local strategies? Or that Ben Bernanke, Tim Geithner, Sheila Bair and Barack Obama won't read about this?
Keep going L.A. La-La Land may yet become the next shining star of economic recovery innovation.
Let me give you the straight poop — it’s time to pick the Obamateurism of the Week! If it seems crazy to have a President repeatedly fumbling, well, call it a case of overinflated expectations about his brilliance. If Obama quit screwing up all the time, people might have more confidence in him. Of course, it’s always possible for that to happen, but I wouldn’t bet on a course correction.
Update: Fixed typo in title, today’s Edateurism, I guess!
Previous 2010 “winners”:
- “We’re gonna punish our enemies…”
- After shutting out Republicans in drafting legislation, Obama complains that GOP won’t share blame for failure
- He realized too late that “there’s no such thing as shovel-ready projects” when it comes to public works
- Cuts off microphone when questioner starts debating tax policies
- “I can’t let this be a war without end, and I can’t lose the whole Democratic Party.”
- Obama quotes Declaration, leaves out “endowed by their Creator”
- Obama trots out “feel your pain” attempt the day after WH releases his social calendar
- “They talk about me like a dog!”
- Obama takes credit for drawdown schedule Bush negotiated
- “We’re buying shrimp, guys.”
- Obama endorses Ground Zero mosque, then says he wasn’t “commenting on the wisdom” of building it at the site
- Slams GOP for focusing on elections — from a fundraiser in Austin, TX
- Obama scolds politicians with “We shouldn’t be campaigning all the time” … while on The View
- Obama says First Couple “not far removed” from economic pain in financial collapse despite making millions in 2008
- Obama expects to be held accountable on jobs, but it’s Bush’s fault
- New NASA mission objectives all about self-esteem, none about space
- Obama misquotes Statue of Liberty poem and screws up its history
- Obama golfs as BP’s CEO yachts
- Obama says Gulf disaster will have similar impact to 9/11, then goes golfing the next day
- “We talk to these folks because they potentially have the best answers so I know whose ass to kick“
- “Singularly focused” Obama’s golfing, fundraising, vacation, and sports events
- “Obviously, the loss of Daniel Pearl was one of those moments that captured the world’s imaginationbecause it reminded us of how valuable a free press is.”
- Criticizes AZ immigration enforcement for paper checking while Secret Service checks immigration statusof students at Obama event
- “Information becomes a distraction” with X-boxes, PlayStations, iPods, iPads
- “I mean, I do think at a certain point you’ve made enough money.”
- President who demands that Americans show health-insurance papers suddenly skittish about residency documents
- Playing golf instead of paying respects to the late Polish president
- “Whether we like it or not, we remain a dominant military superpower”
- Gives 17-minute answer to question about being overtaxed
- Believes Tea Party core is Birthers
- Obama refused to be seen with Netanyahu
- “Your employer, it’s estimated, would see premiums fall by as much as 3000%!”
- Obama off by $868 billion on CBO deficit savings projection of ObamaCare
- Obama challenges GOP on tort reform, winds up proving GOP point on reconciliation
- Obama’s “Acme Insurance” anecdote proves he doesn’t understand insurance
- Obama claims 2 million jobs saved or created, website shows 590K
- Obama gripes about filibusters in a year with none … after having 60 seats in the Senate
- Obama says “corpse-man” for corpsman 3 times at Nat’l Prayer Breakfast
- Scolding the Supreme Court over ruling that he got completely wrong during SOTU
- People are unhappy with Obama’s performance because he didn’t get enough public face time to explain himself
- Suddenly jobs saved or created “never expected to be the public accounting of Obama’s goal to save or create 3.5 million jobs”
- Obama rushes home for minor injury to family friend, keeps golfing after EunuchBomber attack
Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at obamaisms@edmorrissey.com with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.
Illustrations by Chris Muir of Day by Day. Be sure to read the adventures of Sam, Zed, Damon, and Jan every day!
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
eric seiger
Election week is done. It's time to get back to the business of finding real solutions for our nation's economic recovery. As this week ends it is clear that the appetite for federal stimuli is beginning its ebb tide. We see the Federal Reserve playing the risky cards of quantitative easing trying yet again to spark an economic recovery against the odds of a main street economy still mired in the collateral damage of central government's past grand visions.
Don't get me wrong. I actually agree that Fed needs to be doing what it is. We need to find a sustainable balance for our economy and it's a data intensive compass that can only be seen with clarity from the offices occupied by people like Ben Bernanke, Tim Geithner and Sheila Bair. What I do worry about though is that these central solutions too often take from the small and give to the big because the simplifying assumptions used by the economists and statisticians that support the process aren't capable of seeing the one-by-one trench warfare fights being fought by small businesses and individuals. It's an inherent policy formulation weakness of the academic brain trust behind our system that may be costing ordinary people more pain than necessary. But these ordinary Americans are there. We know this because they voted on Tuesday.
Fortunately, the United States is a big country and Washington D.C. isn't the only place exploring ways to find economic recovery formulae. Across the country, cities and states are beginning to chart independent paths to creating their own "islands of recovery". The City of Los Angeles' proposed Responsible Banking Ordinance continues to move through the committee process improving bit-by-bit into what I believe is an important emerging economic policy counterweight to ensure that the "small to big" tendencies of central solutions do not take us astray yet again.
The tale of the tape is something I believe worth sharing with the readers of the Huffington Post.
On October 26th, there was a public hearing by the L.A. City Jobs Committee chaired by Councilman Richard Alarcon on item CF 09-0234, Responsible Banking. The measure was approved with a number of questions to be investigated and reported to a hearing of the L.A. City Budget and Finance Committee to take place on Monday, November 8th. The questions aired by Councilman Bernard Parks focused on two areas. He asked for more information to determine if the cost and design of the process for implementation by the City was indeed workable. He also asked for clarification about how the differences between community banks, large complex banks and the city's debt underwriters would be recognized within the final ordinance.
Mr. Park's questions tell me that the L.A. process is indeed making progress because these are no longer questions about whether this a good thing for the economic interests of the City but rather how well is the plan risk managed. The interests behind the initiative become more positive as banks, large and small, begin to recognize that there is opportunity to be had here. The carrot being offered by the City of L.A is preference to win lucrative contracts that the City will be issuing anyway if evidence can be presented by the bidders that they are placing the interests of the region higher up the business priority list than their competition. It's subtle and far reaching in its potential to encourage money to circulate locally longer.
So now to ponder details,
As I reviewed the current version of the ordinance draft, it was clear the that City of Los Angeles had specified a data collection and reporting request that seeks to get banks to translate the nature of their business activities into measurement language that city governments can understand. The policy question is actually spot on but I'm also pretty sure that asking a bank to deliver the answer on a silver platter to the city first time out is a bit of a stretch. I think there's a better way to make it work for everyone and bring the cost/risk of the process well into good comfort.
The path to success here is to recognize two things. The first is that banks know how to report data to their regulators. They actually track all the information the city wants to know. Once a year they even have to report data to the granularity of branch-by-branch information to the FDIC. The other thing that's clear from the city draft is that municipal governments analyze their quality of service based on census tracts because that's how voters are bucketed. The trick in getting one system to talk to the other is to leverage by translating between the two universes via the zip codes of the U.S. postal service.
Asking the banks to do all the work is a lot of work. But if the City of Los Angeles were to re-design the ordinance implementation process to be a two step process where the banks report data in branches with identification of which zip codes are affected by that branch and there was a post- process by the City to morph the submittals into census tract visibility I think this would actually work reasonably well. City employees and/or other specialty vendors are more knowledgeable about the second step of the transformation than any bank will ever be. And there's a reason for that. Bankers, being lenders, have been discouraged from doing the second step for a long time because the technology that does so equates to gathering the data to do "red lining". So it's actually a better plan for the City of L.A. to deliberately separate these two steps from each other in its ordinance design.
My point here is that by taking a step back and recognizing where natural divisions of skill can be used to complement each other what seems onerous as an all-in-one data request can quickly become very doable.
This gets us to Mr. Park's second inquiry about larger out of area institutions and debt underwriters seeking to do business with the City. To that my observation is that the City of Los Angeles needs to set up a fair playing field for everyone. It's my read that by combining the suggestion above for banks with local branches with the tenets of the current ordinance draft language requesting distilled data into zip codes there's plenty of wiggle room for presentation of evidence of local involvement by these larger institutions, even those that do not have physical branches in the region. Complex transforms of data to support reporting requests are well within the capabilities of the IT departments of these larger businesses. Bearing in mind that these are also the banks that will go after the largest contracts with the City there's plenty of incentive for them to get their systems to produce the reports that will give them an advantage over competing bidders.
And in the long run I'm not just talking about competing just for L.A.'s business. There's a far larger universe of municipal and state government opportunities out there and I'll remind the readers of the Huffington post to look back at the history of my blogs for the one reporting on Bill Lockyer's inquiry earlier this year to the largest municipal bond underwriters.
I mean does anyone really think that the rest of America's League of Cities isn't watching how this plays out? Or that incoming California Governor Jerry Brown, the former Mayor of Oakland, doesn't already know that Los Angeles, San Jose and other cities in California are actively exploring how to affect the future of the State's economy using local strategies? Or that Ben Bernanke, Tim Geithner, Sheila Bair and Barack Obama won't read about this?
Keep going L.A. La-La Land may yet become the next shining star of economic recovery innovation.
Let me give you the straight poop — it’s time to pick the Obamateurism of the Week! If it seems crazy to have a President repeatedly fumbling, well, call it a case of overinflated expectations about his brilliance. If Obama quit screwing up all the time, people might have more confidence in him. Of course, it’s always possible for that to happen, but I wouldn’t bet on a course correction.
Update: Fixed typo in title, today’s Edateurism, I guess!
Previous 2010 “winners”:
- “We’re gonna punish our enemies…”
- After shutting out Republicans in drafting legislation, Obama complains that GOP won’t share blame for failure
- He realized too late that “there’s no such thing as shovel-ready projects” when it comes to public works
- Cuts off microphone when questioner starts debating tax policies
- “I can’t let this be a war without end, and I can’t lose the whole Democratic Party.”
- Obama quotes Declaration, leaves out “endowed by their Creator”
- Obama trots out “feel your pain” attempt the day after WH releases his social calendar
- “They talk about me like a dog!”
- Obama takes credit for drawdown schedule Bush negotiated
- “We’re buying shrimp, guys.”
- Obama endorses Ground Zero mosque, then says he wasn’t “commenting on the wisdom” of building it at the site
- Slams GOP for focusing on elections — from a fundraiser in Austin, TX
- Obama scolds politicians with “We shouldn’t be campaigning all the time” … while on The View
- Obama says First Couple “not far removed” from economic pain in financial collapse despite making millions in 2008
- Obama expects to be held accountable on jobs, but it’s Bush’s fault
- New NASA mission objectives all about self-esteem, none about space
- Obama misquotes Statue of Liberty poem and screws up its history
- Obama golfs as BP’s CEO yachts
- Obama says Gulf disaster will have similar impact to 9/11, then goes golfing the next day
- “We talk to these folks because they potentially have the best answers so I know whose ass to kick“
- “Singularly focused” Obama’s golfing, fundraising, vacation, and sports events
- “Obviously, the loss of Daniel Pearl was one of those moments that captured the world’s imaginationbecause it reminded us of how valuable a free press is.”
- Criticizes AZ immigration enforcement for paper checking while Secret Service checks immigration statusof students at Obama event
- “Information becomes a distraction” with X-boxes, PlayStations, iPods, iPads
- “I mean, I do think at a certain point you’ve made enough money.”
- President who demands that Americans show health-insurance papers suddenly skittish about residency documents
- Playing golf instead of paying respects to the late Polish president
- “Whether we like it or not, we remain a dominant military superpower”
- Gives 17-minute answer to question about being overtaxed
- Believes Tea Party core is Birthers
- Obama refused to be seen with Netanyahu
- “Your employer, it’s estimated, would see premiums fall by as much as 3000%!”
- Obama off by $868 billion on CBO deficit savings projection of ObamaCare
- Obama challenges GOP on tort reform, winds up proving GOP point on reconciliation
- Obama’s “Acme Insurance” anecdote proves he doesn’t understand insurance
- Obama claims 2 million jobs saved or created, website shows 590K
- Obama gripes about filibusters in a year with none … after having 60 seats in the Senate
- Obama says “corpse-man” for corpsman 3 times at Nat’l Prayer Breakfast
- Scolding the Supreme Court over ruling that he got completely wrong during SOTU
- People are unhappy with Obama’s performance because he didn’t get enough public face time to explain himself
- Suddenly jobs saved or created “never expected to be the public accounting of Obama’s goal to save or create 3.5 million jobs”
- Obama rushes home for minor injury to family friend, keeps golfing after EunuchBomber attack
Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at obamaisms@edmorrissey.com with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.
Illustrations by Chris Muir of Day by Day. Be sure to read the adventures of Sam, Zed, Damon, and Jan every day!
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
eric seiger
eric seiger
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
eric seiger
Election week is done. It's time to get back to the business of finding real solutions for our nation's economic recovery. As this week ends it is clear that the appetite for federal stimuli is beginning its ebb tide. We see the Federal Reserve playing the risky cards of quantitative easing trying yet again to spark an economic recovery against the odds of a main street economy still mired in the collateral damage of central government's past grand visions.
Don't get me wrong. I actually agree that Fed needs to be doing what it is. We need to find a sustainable balance for our economy and it's a data intensive compass that can only be seen with clarity from the offices occupied by people like Ben Bernanke, Tim Geithner and Sheila Bair. What I do worry about though is that these central solutions too often take from the small and give to the big because the simplifying assumptions used by the economists and statisticians that support the process aren't capable of seeing the one-by-one trench warfare fights being fought by small businesses and individuals. It's an inherent policy formulation weakness of the academic brain trust behind our system that may be costing ordinary people more pain than necessary. But these ordinary Americans are there. We know this because they voted on Tuesday.
Fortunately, the United States is a big country and Washington D.C. isn't the only place exploring ways to find economic recovery formulae. Across the country, cities and states are beginning to chart independent paths to creating their own "islands of recovery". The City of Los Angeles' proposed Responsible Banking Ordinance continues to move through the committee process improving bit-by-bit into what I believe is an important emerging economic policy counterweight to ensure that the "small to big" tendencies of central solutions do not take us astray yet again.
The tale of the tape is something I believe worth sharing with the readers of the Huffington Post.
On October 26th, there was a public hearing by the L.A. City Jobs Committee chaired by Councilman Richard Alarcon on item CF 09-0234, Responsible Banking. The measure was approved with a number of questions to be investigated and reported to a hearing of the L.A. City Budget and Finance Committee to take place on Monday, November 8th. The questions aired by Councilman Bernard Parks focused on two areas. He asked for more information to determine if the cost and design of the process for implementation by the City was indeed workable. He also asked for clarification about how the differences between community banks, large complex banks and the city's debt underwriters would be recognized within the final ordinance.
Mr. Park's questions tell me that the L.A. process is indeed making progress because these are no longer questions about whether this a good thing for the economic interests of the City but rather how well is the plan risk managed. The interests behind the initiative become more positive as banks, large and small, begin to recognize that there is opportunity to be had here. The carrot being offered by the City of L.A is preference to win lucrative contracts that the City will be issuing anyway if evidence can be presented by the bidders that they are placing the interests of the region higher up the business priority list than their competition. It's subtle and far reaching in its potential to encourage money to circulate locally longer.
So now to ponder details,
As I reviewed the current version of the ordinance draft, it was clear the that City of Los Angeles had specified a data collection and reporting request that seeks to get banks to translate the nature of their business activities into measurement language that city governments can understand. The policy question is actually spot on but I'm also pretty sure that asking a bank to deliver the answer on a silver platter to the city first time out is a bit of a stretch. I think there's a better way to make it work for everyone and bring the cost/risk of the process well into good comfort.
The path to success here is to recognize two things. The first is that banks know how to report data to their regulators. They actually track all the information the city wants to know. Once a year they even have to report data to the granularity of branch-by-branch information to the FDIC. The other thing that's clear from the city draft is that municipal governments analyze their quality of service based on census tracts because that's how voters are bucketed. The trick in getting one system to talk to the other is to leverage by translating between the two universes via the zip codes of the U.S. postal service.
Asking the banks to do all the work is a lot of work. But if the City of Los Angeles were to re-design the ordinance implementation process to be a two step process where the banks report data in branches with identification of which zip codes are affected by that branch and there was a post- process by the City to morph the submittals into census tract visibility I think this would actually work reasonably well. City employees and/or other specialty vendors are more knowledgeable about the second step of the transformation than any bank will ever be. And there's a reason for that. Bankers, being lenders, have been discouraged from doing the second step for a long time because the technology that does so equates to gathering the data to do "red lining". So it's actually a better plan for the City of L.A. to deliberately separate these two steps from each other in its ordinance design.
My point here is that by taking a step back and recognizing where natural divisions of skill can be used to complement each other what seems onerous as an all-in-one data request can quickly become very doable.
This gets us to Mr. Park's second inquiry about larger out of area institutions and debt underwriters seeking to do business with the City. To that my observation is that the City of Los Angeles needs to set up a fair playing field for everyone. It's my read that by combining the suggestion above for banks with local branches with the tenets of the current ordinance draft language requesting distilled data into zip codes there's plenty of wiggle room for presentation of evidence of local involvement by these larger institutions, even those that do not have physical branches in the region. Complex transforms of data to support reporting requests are well within the capabilities of the IT departments of these larger businesses. Bearing in mind that these are also the banks that will go after the largest contracts with the City there's plenty of incentive for them to get their systems to produce the reports that will give them an advantage over competing bidders.
And in the long run I'm not just talking about competing just for L.A.'s business. There's a far larger universe of municipal and state government opportunities out there and I'll remind the readers of the Huffington post to look back at the history of my blogs for the one reporting on Bill Lockyer's inquiry earlier this year to the largest municipal bond underwriters.
I mean does anyone really think that the rest of America's League of Cities isn't watching how this plays out? Or that incoming California Governor Jerry Brown, the former Mayor of Oakland, doesn't already know that Los Angeles, San Jose and other cities in California are actively exploring how to affect the future of the State's economy using local strategies? Or that Ben Bernanke, Tim Geithner, Sheila Bair and Barack Obama won't read about this?
Keep going L.A. La-La Land may yet become the next shining star of economic recovery innovation.
Let me give you the straight poop — it’s time to pick the Obamateurism of the Week! If it seems crazy to have a President repeatedly fumbling, well, call it a case of overinflated expectations about his brilliance. If Obama quit screwing up all the time, people might have more confidence in him. Of course, it’s always possible for that to happen, but I wouldn’t bet on a course correction.
Update: Fixed typo in title, today’s Edateurism, I guess!
Previous 2010 “winners”:
- “We’re gonna punish our enemies…”
- After shutting out Republicans in drafting legislation, Obama complains that GOP won’t share blame for failure
- He realized too late that “there’s no such thing as shovel-ready projects” when it comes to public works
- Cuts off microphone when questioner starts debating tax policies
- “I can’t let this be a war without end, and I can’t lose the whole Democratic Party.”
- Obama quotes Declaration, leaves out “endowed by their Creator”
- Obama trots out “feel your pain” attempt the day after WH releases his social calendar
- “They talk about me like a dog!”
- Obama takes credit for drawdown schedule Bush negotiated
- “We’re buying shrimp, guys.”
- Obama endorses Ground Zero mosque, then says he wasn’t “commenting on the wisdom” of building it at the site
- Slams GOP for focusing on elections — from a fundraiser in Austin, TX
- Obama scolds politicians with “We shouldn’t be campaigning all the time” … while on The View
- Obama says First Couple “not far removed” from economic pain in financial collapse despite making millions in 2008
- Obama expects to be held accountable on jobs, but it’s Bush’s fault
- New NASA mission objectives all about self-esteem, none about space
- Obama misquotes Statue of Liberty poem and screws up its history
- Obama golfs as BP’s CEO yachts
- Obama says Gulf disaster will have similar impact to 9/11, then goes golfing the next day
- “We talk to these folks because they potentially have the best answers so I know whose ass to kick“
- “Singularly focused” Obama’s golfing, fundraising, vacation, and sports events
- “Obviously, the loss of Daniel Pearl was one of those moments that captured the world’s imaginationbecause it reminded us of how valuable a free press is.”
- Criticizes AZ immigration enforcement for paper checking while Secret Service checks immigration statusof students at Obama event
- “Information becomes a distraction” with X-boxes, PlayStations, iPods, iPads
- “I mean, I do think at a certain point you’ve made enough money.”
- President who demands that Americans show health-insurance papers suddenly skittish about residency documents
- Playing golf instead of paying respects to the late Polish president
- “Whether we like it or not, we remain a dominant military superpower”
- Gives 17-minute answer to question about being overtaxed
- Believes Tea Party core is Birthers
- Obama refused to be seen with Netanyahu
- “Your employer, it’s estimated, would see premiums fall by as much as 3000%!”
- Obama off by $868 billion on CBO deficit savings projection of ObamaCare
- Obama challenges GOP on tort reform, winds up proving GOP point on reconciliation
- Obama’s “Acme Insurance” anecdote proves he doesn’t understand insurance
- Obama claims 2 million jobs saved or created, website shows 590K
- Obama gripes about filibusters in a year with none … after having 60 seats in the Senate
- Obama says “corpse-man” for corpsman 3 times at Nat’l Prayer Breakfast
- Scolding the Supreme Court over ruling that he got completely wrong during SOTU
- People are unhappy with Obama’s performance because he didn’t get enough public face time to explain himself
- Suddenly jobs saved or created “never expected to be the public accounting of Obama’s goal to save or create 3.5 million jobs”
- Obama rushes home for minor injury to family friend, keeps golfing after EunuchBomber attack
Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at obamaisms@edmorrissey.com with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.
Illustrations by Chris Muir of Day by Day. Be sure to read the adventures of Sam, Zed, Damon, and Jan every day!
eric seiger
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
eric seiger
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
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eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
OK, so you need money, and you need it fast. We've all been there. One of the most common times that the non-casting masses turn to magic is in financial hardship. I've had more than a few people request a money drawing spell from me. I've also had people tell me that these spells can't possibly work because if they did everyone would be rich. It's a valid point, if you can simply cast a spell to gain money why doesn't everyone do it? In short, because it isn't as easy as it looks. There are certain protective measures in place to assure that these spells aren't abused. Money Magic alone will not make you rich and famous over night, but if you are really in a pinch magic can toss you a rope. I will lay out the rules for you in short and let you decide if the spell you've found will be useful or not.
1. Don't ask for money unless you need it.
If you have plenty of money coming in already, asking for more is an easy way to lose what you have. Ask only for what you need.
2. After casting a money magic spell do not turn down help.
So you can't afford rent. You're busting your butt working two jobs and the bills keep growing. You do a spell and the next day a friend offers to help you with the rent. Now is not the time to be modest. Money gained from magic does not always show up as a check in the mail or cash in your pocket. If you needed money for food and food shows up, accept your gift and be happy.
3. Do everything you can to get money without magic.
Most people find this one hard to grasp. Why should I have to make money without magic if the magic will actually work? Well, here's the thing, money magic spells request help in making money. If you aren't going to do anything to try to help yourself your request will almost certainly get denied. However, a well placed money spell can most certainly get you an interview where you wouldn't have gotten one, or open up a position for which you are very qualified. Essentially magic is not for the lazy, if you do not try you will not succeed.
4. If you are using an offering tray NEVER remove money or objects from it.
A quick spell to bring in extra cash, offering plates to money gods work quickly and easily, but not without consequences. After sacrificing money little by little to the dish it is very tempting to take it back out. This money is conveniently placed and not being used so why not takes some and simply replace it later? Because the money is being used. The more money you offer the more rolls in, but this concept also works in reverse. If you take money out of the dish money comes out of your income. An offering dish is not a savings account. Once you put money in it is no longer yours to take out.
5. Give it some time, don't wait by the phone.
This is true of any spell. Once a spell is cast the most common mistake is to sit and wait anxiously for something to happen. A watched pot is slow to boil. After you cast your spell just be confidant that it will eventually yield results and carry on doing what you need to do to get by. Patience is often rewarded.
6. Do not set a time limit.
A money spell with a time limit will almost assuredly go wrong. If you ask for money
NOW you will be disappointed. One of two things happens when you are impatient with magic. Either the spell flops and does nothing or the spell backfires. This could mean going broke, but it could also mean getting money in a way that is painful, and not worth asking for, such as through the death of a loved one, the sacrifice of a relationship, or worse.
7. Do not demand money from a particular source.
This is just downright cocky. Who are you to decide where the money should come from? It is ok to ask for a job; it is not ok to ask for a specific job with specific pay, benefits, and a specified start date and location. Magic is about bending the laws of nature not rewriting them. If you won't bend the world won't bend around you.
8. It is perfectly ok to do a money spell for someone else.
Magic looks kindly on acted of selflessness. If your friend is in financial hardship and you cannot help, doing a spell asking for assistance on their behalf it not only ok, but admirable. Just remember the same rules apply.
In a nutshell, magic can assist you in getting money. There is plenty floating around, you just may not know where to look. Don't be lazy and don't demand anything. Send a request properly and it will be answered properly. Good luck and happy casting.
If you would like help with any of the topics discussed in my guides feel free to send an e-mail to naty_help@yahoo.com. Please use the subject "Naty Magic Help". I may not response right away, but I will do my best to accommodate you.
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
eric seiger
Arrowheadlines: Chiefs <b>News</b> 11/10 - Arrowhead Pride
Good morning Kansas City Chiefs fans! Another full day of news for you. DJ, Special Teams, Parity, and this Sunday's opponent wait below. Enjoy.
JLS to appear on X Factor ahead of UK tour | Tixdaq.com Ticket <b>News</b>
JLS will perform on this week's X Factor results show along with Westlife and Take That.
Cee-Lo Green sings 'Fox <b>News</b>' on 'Colbert Report' - The Dish Rag <b>...</b>
With William Shatner and possibly Gwyneth Paltrow taking a stab at “F*** You,” Cee-Lo Green shows them how it's done.The musician appears on Comedy Central's...
eric seiger
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