Saturday, October 31, 2009

Sam Meas for Congress

I just had a neat opportunity to get to know Sam Meas over breakfast and coffee at the Owl Diner. Mr. Meas is a Haverhill-based Republican who is running for a seat here in the 5th Congressional District election in 2010.

We spoke about a wide range of policy topics, to include: his detailed plan for a forgiveness period for undocumented immigrants, which would be followed by heightened border security/restrictions as well as tougher laws against employers of undocumented immigrants and crackdowns against visa overstays; his plan to create stronger incentives for prospective nurses and doctors to work for VA hospitals (it's basically a modified, civilianized ROTC-type program); party identity and the dangers created by a lack of viable opposition; and the need for greater political participation from within the Khmer community.

As an unenrolled voter, I want to emphasize that at no point did Mr. Meas blame either party for any of the nation or the state's ills; however, he is very passionate about the problem created by a one-party system in which party leaders and insiders decide who will run for offices, and then the voters lack real power to determine the outcome.

Mr. Meas, the first Cambodian-American Congressional candidate in U.S. history, also spoke about his twin goals of "education and engagement" for segments of the population that are currently not represented in local government.

This link will take you to his website, which will soon be revamped to include more detailed policy information.

Friday, October 30, 2009

Fantasy Draft Over at MMC..

I've been taking little breaks all day to click over to the City Council Fantasy Draft going on over at Mr. Mill City. I'm a big fan of MMC because it's informed and it's witty as hell, but without stepping into personal attack territory or insta-humor type stuff. Anyway, if you haven't checked the site out yet today, please give it a look.

Thursday, October 29, 2009

Next Parker @ the Pollard Lecture

This event, scheduled for next Thursday night (5 NOV) at 7, should be a good one:

In 2008, Dan Gutterplan was named New England's Top Blogger by WEEI, the top sports radio station in New England. Since January of 2009, Gutterplan has been writing a daily blog of WEEI's web site: http://thanksforplaying.weei.com. Join Dan for a lecture on the negative connotations associated with blogs and the changing culture of media. Brought to you as part of the Moses Greeley Parker Lecture Series.

Cliff Krieger and Joe Smith on City Life

I just got done watching the recent episode of City Life that featured Cliff Krieger and Joe Smith of Move Lowell Forward, flanked by co-hosts Bob Hatem and George Anthes.

There weren't many softballs thrown or punches pulled.

From the beginning, Krieger and Smith were asked repeatedly about the PAC's non-endorsement of Rodney Elliott (this came up again during a phone-in question from "Brookside Tom" Wirtanen), specifically in light of the fact that Elliott was the only sitting councilor to return the MLF questionnaire but not receive the group's endorsement.

George Anthes made a few references to the recent endorsement of Fred Doyle by State Sen. Panagiotakis, noting that the State Senator's clout and personal reputation gave tremendous weight to the endorsement. He asked for the group to offer more information about who was behind the endorsements.

Bob Hatem's main point was that he hopes to see MLF focus less on local candidates and endorsements thereof, but more on the full-time people who are hired to run the city, and how well they perform those duties. Hatem also repeatedly expressed a desire to see the group focus on private sector-led economic development down the road.

As the group states in their official literature and on their website, they are more in favor of professional city management than they are for any individual personality involved in the process. The goal of having longer-term managers (relative to the terms of councilors) was stated by Krieger as being more desirable than the current status quo, in which we tend to have longer-term councilors here in the city who outlive the city managers. Krieger compared that to the role of civilians in the Defense Department, who, unlike military leaders, do not rotate positions every couple of years, and therefore bring continuity to their departments. A comparison was also drawn to Cambridge, where Bob Healy has served continuously for more than two decades in a professional managerial role. Smith described Cambridge as "the best-managed city in the Commonwealth."

Wednesday, October 28, 2009

Mr. Toothpick -- Too Much Time?

Unfortunately, I was not able to embed this Yahoo-ABC-Dunkin Donuts-sponsored news clip, but the smug "newscasters" here made three separate references to the gentleman who just built an entire stagecoach using 1.5 million toothpicks having "too much time on his hands."

The clip opens with such a reference, it closes with speculation about whether he's retired, and then more commentary about too much time, with a couple of "hedged bets" thrown in for good measure (It's impressive, but...)

If you actually look up the dictionary definition of the word "arrogance," you'll see it's not just an overweening pride in yourself, but also a haughty disdain for others. Don't make the mistake of confusing arrogance with confidence -- they're totally different.

That said, I think presumptions about what other people do with their time are often arrogant. I just had two great discussions about this topic -- one over e-mail with a friend who spends five hours a day writing (but nineteen other hours 'working' as any thought or dream could be inspiration) and another with Kad Barma, who was talking about the perils of working from home in terms of others' perceptions about when you're *actually* working. The topic hits home for me right now because the vicissitudes of the scheduling gods have worked in some pockets of relative *professional downtime* for me this year, which sometimes leads me into cumbersome explanations about how my jam-packed all-day schedule probably doesn't meet most sane people's definitions of *doing nothing.* For people whose only concept of productive work means either sitting at a desk in a suit and tie, or accumulation of sweat on the brow, and whose only definition of *not working* means sitting on the couch, eating potato chips and watching the "You are NOT the father!" TV marathon, this can sometimes be VERY hard to explain.

But I digress. Back to my original point -- let's give Mr. Toothpick his due respect. For all any of us know, the guy may be a vascular surgeon who relieves his work-related stress by spending two hours every night with his sculptures. Maybe he's a widower, an empty-nester, or maybe both. Let's agree to agree that none of us really knows.

The point is, lots of people do all sorts of things with their time. If someone spent two hours a night watching the Antonio Sabato reality show, they'd eventually have nothing to show for it; ironically, though, they'd probably never get tagged with the dismissive, verbal hand-wave known as 'too much time.' Mr. Toothpick, however, will be able to say that he created something that "belongs in a museum," with a nod to Mr. Indiana Jones.

Call me batty, but that sounds better than a heckuva lot of other ways I can imagine people might spend their time.

Monday, October 26, 2009

LDNA/JAMBRA Candidate Forum -- Quick Wrap-Up

I just got back a little while ago from the LDNA/JAMBRA Candidate Forum down at the Senior Center on Broadway. I'm not good at estimating crowd sizes but I would say the event drew approximately 75 attendees (let's call it five rows of 15) plus all the candidates, the event organizers, and the Senior Center volunteers.

Because I was time-keeping for the event (yes, the '0 seconds remaining' sign means you're done!) I don't have detailed notes.

Kudos, however, to all the candidates who spoke about specific policies as opposed to just boilerplate tripe about being anti-tax, pro-community, and anti-crime.

One challenger who stood out for me in this regard was Fred Doyle, who consistently gave 'em hell about the runaway cost of health insurance for city employees (the link will take you to his site where you can learn more). Doyle kept all his answers short and sweet (trust me, I was paying close attention to this above all else) and was the only candidate who sent me home with a policy/budget issue to want to research and learn more about.

Ben Opara and Patrick Murphy both spoke in favor of the restaurant meals tax, which Armand Mercier strongly opposed. Opara also voiced support for making Merrimack St.'s commercial heart open to two-way traffic.

Ray Weicker introduced a bold proposal to give Lowell police the power to immediately place drug offenders into detoxification treatment at the time of arrest, as a way of preventing some of the revolving-door-of-justice issues that he has witnessed as an attorney; in addition, enforcement of such a statute might give itinerant drug users a strong incentive to avoid Lowell altogether.

I had some traffic-related questions that got condensed at the end in the interest of time.

Even before the red-light running problem on Thorndike St. or the perilousness of the Bridge St.-VFW Highway intersection, I would like to see the city address the problem of cars in the "right-turn only" lane on Chelmsford St. continuing straight as Chelmsford crosses Plain (eastbound on 110 towards downtown). This makes the intersection treacherous for any motorist attempting to go straight in the way he or she is supposed to (being in the left-hand lane before the stoplight), because a) you have to swerve somewhat to avoid the cars facing you head-on in the other direction, and b) you're also worried about who might be in your blind spot after having gone straight at the light from the right-turn-only lane.

Gerald Epstein at UML ICC

Let me start by saying the oldest cliche from Economics 101 is that "there's no such thing as a free lunch," but the UML Monday noontime lecture series does come complete with a nicely-catered sandwich, salad, and beverage lunch buffet, complimentary for all who attend. The next lecture to be held at the ICC will be from Bob Forrant on 30 NOV (Global Economy -- Local Woes: Lowell and the Great Recession of 2008-2009), but there are going to be presentations on 02 NOV, 09 NOV, 16 NOV, 23 NOV, and 7 DEC at the RESD Seminar Room 500 O'Leary 5th Floor (61 Wilder).

Next, let me say the best quip of the event today came from Prof. Epstein, who said, "If there are no atheists in foxholes, then there are no Milton Friedmanites in global financial crises." I loved it. It summed up a lot of what he was saying about the moral hazard created by government bailouts. The cycle, of course, starts with deregulation, spins increasingly out of hand, there's a very loud THUD that affects some rich and powerful people (with rich and powerful friends who write laws!) and then there's a bailout. Having lived through the S & L fiasco in the late 1980s, and then the latest round of government bailouts, I'd have to say this makes a lot of sense; as Prof. Epstein also said, the current reform efforts have been more of the band-aid variety than honest attempts to completely overhaul the system.

Epstein was quick to dismiss the idea that the Fed created the problem with low interest rates and fast and free liquidity during the 1990s and 2000s. He pointed to interest rates and inflation rates that were just as low in the 1950s and 1960s, but contrasted those times -- when productivity was increasing due to new sectors of the economy producing tangible assets, and when credit flow was more strictly regulated -- to the recent crisis, the run-up to which was fueled by supposedly safe securitization of shaky investments, a 'don't-ask-don't-tell' attitude towards loan and debt issuance, and homeowners using HELOCs like drunken sailors on a port call (actually, Epstein did not talk about HELOCs but did talk about questionable uses of credit, so I included it by implication).

Epstein pointed to the "SOLD OUT" report, which can be found at the Wall Street Watch website. He pointed to several proposals that would help address the systemic causes of the crisis, such as re-instating the Glass-Steagall Act, which separated commercial and investment banking (this call has also been made by our nation's tallest Fed Chairman, Paul Volcker). He also called for the creation of publicly-chartered credit rating agencies, explaining how the blatant conflict of interest whereby investment banks essentially buttered their raters' bread helped fuel the crisis (and that explains how otherwise conservative investment funds invested in supposedly AAA-rated subprime loan-based packages). In addition, Prof. Epstein challenged the way that financial firms create the incentive for excessive risk-taking on the part of traders -- if the traders can rack up large short-term gains, even in a way that's deleterious for the long-term -- they can still collect massive bonuses that do not need to be repaid when those once-lucrative deals go tapioca. He called for laws that would change this (perhaps by creating escrow accounts whose eventual pay-out would depend on long-term trader performance), the restriction or elimination of off-balance-sheet vehicles, and the implementation of financial precautionary testing for new financial products.

In short, he called for greater government regulation of the financial industry, for policies that would "save the banks but not necessarily the bankers" in times of crisis (and that would perhaps be funded by Wall Street itself in the form of securities transactions fees), and for a change in the mainstream economic school of thought which says that markets are inherently self-correcting and function best when left unregulated.

Epstein is a co-founder of SAFER, the Economists' Committee for Stable, Accountable, Fair, and Efficient Financial Reform.

HT to Paul Marion of richardhowe.com for posting this event yesterday, which was what got it onto my calendar.