Profile cover photo
Profile photo
One Idea Can Change This World
One Ideal Can Change This World
One Ideal Can Change This World


Post has attachment

We need your ideas on how you want change in our government our in your own community.
Add a comment...

Obama's War on Marijuana what do you think?
Add a comment...

The poor are getting more poor and the rich are getting richer so what can we do to reverse this in our economy?
Add a comment...

Suspect in California college shooting to be arraigned

The man accused of gunning down seven people at a California religious college from which he was expelled will be arraigned Wednesday.
One L. Goh, 43, sat in an Alameda County jail early Wednesday morning, booked on charges of murder and kidnapping.
Authorities said Goh was upset he had been expelled from Oikos University, a small college in Oakland that caters primarily to the Korean-American Christian community.
On Monday morning, he walked into the single-story building, took a secretary hostage and went looking for a particular female administrator, Oakland Police Chief Howard Jordan said.
Oakland police: Shooter 'not remorseful' Oikos shooting witness discusses rampage Campus shooter target was female admin. Student's quick thinking saves class
Realizing the administrator was not in the classroom where he'd hoped to find her, Goh shot the secretary and ordered the students to line up against the wall, police said. Not all of them cooperated, Jordan said, and so he began shooting.
"I'm going to kill you all," the gunman allegedly said.
"This was a calculated, cold-blooded execution in the classroom," the police chief said. The suspect "just felt a certain urge to inflict pain on them."
The first 911 calls came in at 10:33 a.m.
"Shots coming from inside the building, people are running out screaming," a dispatcher says in one of the police radio exchanges.
After the shooting, the gunman left the classroom, reloaded his semiautomatic weapon and returned, firing into several classrooms, Jordan said.
He ended his rampage by driving off in a victim's car, police said.
In all, seven people were killed and three were wounded. The victims, six women and one man, ranged in age from 21 to 40 -- and hailed from countries including Korea, Nepal, Nigeria and the Philippines. With the exception of the secretary, all of them were students.
"This happened within minutes," Jordan said. "We don't think the victims had any opportunity to resist, any opportunity to surrender."
Police arrived at the college to find a chaotic scene.
"There's a female bleeding down on the ground, face down on the concrete," a dispatcher says in one radio exchange.
Inside the building, survivors hid behind locked doors or desks.
"They were just pulling out bodies after bodies," Art Richards, a witness said.
The suspect was arrested about an hour later, when he surrendered to police at a grocery store in the Oakland suburb of Alameda, Jordan said. Goh offered no resistance when arrested, Jordan said, and was "very cooperative, very matter-of-fact, very calm."
"He planned this several weeks in advance," Jordan told KTVU on Tuesday. "He was so upset he went out and purchased a weapon and had every intent to kill people yesterday."
Investigators have determined that the gun was obtained legally in California, but they have yet to locate it.
On Tuesday night, mourners packed church pews at a memorial service in Oakland for the victims.
"We realize that at this time we have to draw together, uniting for peace, praying for peace in our city, and praying to stop the violence," said a woman who introduced various parts of the service.
Police said Goh was self-conscious of his inability to speak English like a native and felt that students and others at the school made fun of him, police said.
It wasn't immediately clear why Goh had been expelled from the college but "we've been told that some of the possibilities are that he was expelled for his behavioral problems, anger management, but nothing specific," Jordan said.
While Goh appeared close to his family, visiting his parents in senior housing, he struggled personally with significant debt -- including a tax lien by the Internal Revenue Service, according to court records.
CNN affiliate KGO said Goh's brother, a staff sergeant in the Army, died in a car accident while training with the Special Forces.
Add a comment...

Save Strategic Oil Reserves for When They're Really Needed

In the war of wills over Iran’s nuclear program, strategic oil reserves are a crucial weapon for the U.S. and others trying to keep Iran from developing nukes. Iran can’t win by embargoing its own oil because it needs to export more than its customers need to import. The existence of strategic oil reserves in the U.S., Europe, Japan, China, and elsewhere was a key consideration for President Obama in his March 30 decision clearing the way for sanctions on banks that aid the Iranian oil trade.

But it’s important to save strategic oil reserves for when they’re really needed. If reserves are drawn upon every time prices go up, eventually they will be gone, leaving no buffer to deal with genuine emergencies.

Trouble is, there’s increasing political pressure to tap into strategic reserves now to lower gasoline prices. On March 29, French Prime Minister Francois Fillon told French radio that prospects of an accord between the U.S. and Europe on tapping strategic reserves are “good” and consumers can “reasonably expect” a release.

To understand the situation better, I called Sarah Emerson, president of Energy Security Analysis, a market-research and advisory firm in Wakefield, Mass. Emerson said she thinks there’s no need to release strategic reserves now because the world is well-supplied with oil. Production is up, thanks to new fields in the U.S., Canada, Brazil, the former Soviet Union, and Africa, she says, while consumption has actually fallen from a year ago in the U.S. and Europe and is growing only tepidly in the developing world.

Emerson says that reported commercial inventories remain low, but are growing. And she says inventories are understated because there is unreported oil at the site of production and on ships.

“All other things being equal, I think the president’s right” to conclude that the world can withstand the hit to supplies if tougher sanctions reduce Iranian oil exports, Emerson said.

“It wouldn’t be slam dunk easy,” she said. “It would take a couple months” for more oil from Saudi Arabia and elsewhere to fill the gap. But she said releases from strategic reserves might never be needed, because Iran could be forced to the negotiating table within a matter of months. “They can compromise or lash out. Lashing out isn’t going to do anything for them.”
Add a comment...

Post has attachment
Add a comment...

Post has attachment
Add a comment...

Post has attachment
Consumer credit is on a tear. In January (the latest data available), consumers borrowed $17.8 billion, bringing outstanding consumer debt to $2.51 trillion. That’s the biggest three-month gain in more than a decade. Greater borrowing could be a good sign, showing that consumers are more confident—the magical emotion that can spur spending and help the economy rebound. But Dan Alpert, managing partner at Westwood Capital, a boutique investment bank, says not to start welcoming the “confidence fairy” yet. As he reads the numbers, something more troubling is going on.

While retail sales are slightly up, Alpert says that if the borrowing binge were driven by confidence, people would be spending at much faster rates. “You see this enormous growth in credit but you don’t see enormous pick-up in consumption,” he says. New data today from the Conference Board show that consumer confidence slipped slightly in February and is around the same level as a year ago, despite the big increase in borrowing. Alpert says people don’t have many reasons to be optimistic. Unemployment is still above 8 percent. And when people do get new jobs, they often don’t earn as much as they did before they were out of work—or even much more than they received from unemployment benefits.

“The dramatic rise is that people who had cash saved up for their kids’ education are finding themselves in a more difficult situation,” he says, because families now need to dip into education savings to make ends meet. Where they met shortfalls in the past by taking out home equity lines of credit, families now are turning to student loans. Nearly every student qualifies for the loans—Alpert calls them practically a “birthright” in the U.S. “They are effectively financing where financing is easiest to get,” he says.

The Federal Reserve doesn’t break out student debt in its monthly releases, but does say that “non-revolving” lines of credit—largely student and auto loans—now make up 68 percent of outstanding consumer debt. The Consumer Financial Protection Bureau estimates that student debt now tops $1 trillion, which is more than all the credit-card debt in the country. The CFPB points out that the growth in student loans reflects not just new origination, but also that some graduates can’t keep up payments. We recently reported that as many as 27 percent of borrowers are already late on their student loans.

Heavy student debt can cause a host of problems. On a personal level, debt burdens may affect future marriage and fertility rates. In the broader economy, heavier debt loads can drive down spending “as the present cohort of students enter their prime consumer years,” Alpert wrote in a blog post on EconoMonitor. There, he presents a graph that shows how the current divergence between borrowing and spending resembles how people acted before the crisis in 2008, when consumers took out loans (often through home equity lines of credit) just to pay down their other debts. Alpert says he’ll be watching retail sales trends in the next few months to see if the pattern continues. Last time, it proved dangerous and unsustainable.
Add a comment...

Post has attachment
What do you think?
Add a comment...
Wait while more posts are being loaded