Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

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Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

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Canadian government admits recovery never happened

Canadian government admits recovery never happened

“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. "Most of us were shaking our heads in disbelief early last year w

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dont privatize schools not for sale

“We’re on the cutting edge here. We’re the tip of the spear,” said Magdalena Prado, Maywood’s community-relations officer, who works for the city as a contractor. In Canada, “I’m gonna go over this with a fine-tooth comb — it isn’t over,” an angry CUPE Local 82 president Jim Wood said of the staff report and about council’s outsourcing decision.

Faced with a $118 million budget deficit, the city of San Jose, Calif., recently decided it could no longer afford its own janitors. So the city’s budget called for dropping its custodial staff and hiring outside contractors to clean its city hall and airport, saving about $4 million.

To keep all its swimming pools open and staffed, the city is replacing some city workers with contractors.

“These are cases where the question is being asked, ‘Is this a core service at the city level?’ ” said Michelle McGurk, senior policy adviser to the San Jose mayor.

After years of whittling staff and cutting back on services, towns and cities are now outsourcing some of the most basic functions of local government, from policing to trash collection. Services that cities can no longer afford to provide are being contracted to private vendors, counties or even neighboring towns.

“You can do across-the-board cuts for only so long,” said Andrew Belknap, Western Regional Vice President for Management Partners, a government consulting group. “It’s gone from the tactical cost cutting to get through a recession, to in some cases saying we have to exit that business or service altogether.” Masscops

Maywood, a tiny city southeast of Los Angeles, is taking contracting to the extreme. The city of around 40,000 is letting go of its entire staff and contracting with outsiders to perform all city services. The city is disbanding its police force and handing public safety over to the Los Angeles County Sheriff. Its neighbor, the city of Bell, will take over running Maywood’s City Hall.


Most would support the privatization if it meant that the loss of these union positions would actual mean that we would save money.
We won’t! They will just find some special interest group to fund or other way to waste it. Remember, the government, especially the ones in North America, does not come up with a budget, then ask the people of their cities for what they need. They just reach into our pockets and grab onto as much as they can get their grimy mitts on!

Looking at the privatization of other services like water, yes, that is an interesting fact. It proves that private companies can make mistakes just like municipal employees. Other than that, if we’re suggesting that city workers would be better trained or less prone to making mistakes based on incidents caused either by private or public companies, we’re really grasping at straws. Especially when you consider that the states and the municipalities are still ultimately responsible for the quality of the services delivered.

The problems with P3s

Here is the thing about P3′s which is exactly what many states and municipalities are proposing (a Public, Private, Partnership). They want to use a”strategic partnership” because if most called it a P3 it would be dead in the water. In a P3 the private guy is there to make money. So whatever they do – then need to do at a 30% premium. So yes the cost of the upgrades are covered by the private company and therefore they don’t come from the public sector upfront – but that cost is worked into the rates they charge the city, so over the life of the upgrade the public is paying for it anyway, plus more.

Why you ask? because governments can borrow at cheaper rates that private companies and this is why Government bonds pay lower rates that private sector bonds. The loan is less risky. Then you have to add the 30% profit margin. So the long term cost is greater in the private sector than the public.

If the private company operates the upgrades – keep in mind that the way to produce the biggest profit is reduce operating costs (since the rates will be fixed the income would be the same for private and public operation). So what does this mean? It means cheaper and therefore less skilled people managing the safe production of your drinking water or other utilities.

New Jersey considers privatization: AllVoices

One proposal is to privatize vehicle inspections and make motorist pay for their cars emissions test. Critics have called this the same as a tax. Assemblyman Luis Greenwald said the governor has not met a fee hike that he couldn’t endorse. Fee is just another world for tax.

Proposals include letting a private company handle cafeterias, health care, and education programs in the state prisons.

The state’s eighteen career centers for the unemployed would be privatized and a private company would handle workers’ compensation claims.

Other recommendations include privatizing bus maintenance and parking facility operations, two functions which New Jersey Transit handles. Toll collections should be outsourced to a company that would pay workers 50% less than they are paid now. Critics of this proposal said that the administration just wants to cut public employees and make them scapegoats.

Canadian city struck hardest by economic downturn

WINDSOR, Ont. — With this week’s decision to privatize Windsor’s garbage and blue box operations, council has voted to trim more than 200 positions from the city’s workforce since last fall.

Both union and non-union positions, everything from early child-care educators and firefighters, to clerks, secretaries and general managers, have been eliminated from the ranks.

Taking part-time positions into consideration, chief administrator Helga Reidel said the 178 full-time equivalent positions cut so far equate to about 230 actual workers.

Council will be urged at a special meeting on Monday to add to that number, by accepting a recommendation by administration to outsource 14 positions in parking enforcement to the Canadian Corps of Commissionaires for an estimated savings of $2.28 million over five years.

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This entry was posted on Thursday, July 22nd, 2010 at 9:23 am and is filed under North America. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1 Comment

  1. July 29, 2010 @ 1:12 pm


    This is one of the most powerful films you could see. As the film make says, you don’t have to believe a word he says:

    “DO THE RESEARCH AND SEE FOR YOURSELF! IT’S REAL!”

    Also see some of his other films:

    “FALL OF THE REPUBLIC – THE PRESIDENCY OF BARAK H. OBAMA”
    http://www.youtube.com/watch?v=VebOTc-7shU

    ENDGAME – A BLUE PRINT FOR GLOBAL ENSLAVEMENT
    http://www.youtube.com/watch?v=x-CrNlilZho

    POLICE STATE 4 – THE RISE OF FEMA
    http://www.youtube.com/watch?v=Klqv9t1zVww

    Posted by We Are Change Windsor

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