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JULY 19, 2011 TODAY’S WEATHER
Sunny & Warm 85°
BY JOSHUA MOLINA
It’s on. The 2011 Santa Barbara City Council election officially kicked off on Monday when seven candidates pulled papers for a run at City Hall. Those seeking office include candidates: Iya Falcone, Cathy Murillo, Deborah Schwartz, Cruzito Cruz and Jerry Matteo. Two incumbents, Michael Self and Randy DAILY SOUND EDITOR
New sushi joint in Goleta
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Candidates pull papers for City Hall
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Rowse also pulled papers on Monday. Incumbent Dale Francisco is also planning a run for office. Candidates have until Aug. 12 to pull papers and gather 100 signatures to be included on the ballot. This year’s race is shaping up to be one of the most dramatic in recent City Hall memory. For the first time in decades, a conservative majority has the power on the council. When voters elected two-term City
VOLUME 6 ISSUE 140
Councilman Das Williams to the state Assembly last November, the council appointed Paradise Café owner Randy Rowse to take his seat. Conservative council members Dale Francisco, Michael Self, Frank Hotchkiss and Rowse have successfully steered the agenda from affordable housing and green building, to erasing homelessness downtown and eliminating bulbouts in the neigh-
Neighbors quarrel over THE HOME ON THE HILL
See CANDIDATES, page 2
Restaurant Guy John Dickson has the scoop on all the regionʼs new eateries, including Panera Bread, Fresh & Easy and Petros.
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Everyone has a view on Mission Ridge Road, but sometimes neighbors don’t see eye to eye Story by Elise Clements, page 3
DAILY SOUND / Victor Maccharoli
Tuesday, July 19, 2011
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Council tackles budget reserves BY NICK C. TONKIN
DAILY SOUND CORRESPONDENT
With budget shortfalls forcing them to slash services, the Santa Barbara City Council is considering new budget rules. “We’re taking the next baby step forward,” City Council member Bendy White said. “But it’s something I’ve been thinking about since I started participating in council matters.” Since 1995, the city has made a policy of setting aside 25 percent of the city’s general fund to go to reserves to be used for emergencies and unexpected expenses. But after having the reserves eaten away over the last few years, some council members are calling for explicit guidelines on when reserves can be used. The city, faced with a $3 million deficit last year, made major service cuts, cuts White said didn’t have to be so deep if the city had held stronger reserves. White, who sits on the finance committee, said tightening reserve policies has been something the committee wanted to bring before the full council. While the council isn’t ready to make sweeping policy changes, White said he and other members would like stricter guidelines on what constitutes a “rainy day.” “I believe there needs to be some policies in place which talk about how you would use that money so that it’s not used in sunny weather,” White said. City Finance Director Robert Samario said current policy has 15 percent of the general fund set aside for disasters and 10 percent for unexpected expenses, often referred to as a “rainy day” fund.
Enterprise funds, such as water, trash, and other utilities, must also account for capital projects such as pipeline maintenance. Samario said staff is looking to get some direction from the council on what policy changes, if any, to look at. “It’s just kind of a conceptual discussion from the interest expressed by council members of where they would like to see some changes and how they would like to see them made,” Samario said. Council member Randy Rowse said he couldn’t comment yet about what he’d look at during the meeting, but given the performance of reserve funds recently, it’s a discussion worth having. “These last few years have been rather chastening in terms of our ability to replenish our reserves,” Rowse said. Filling those reserves took some time. Though the city set the 25 percent reserve goal in 1995, White said it took several years to build up the reserves. Once they had been filled, the council began dipping into them around 2004—2005 when the city had a robust budget. He pointed to a $2 million loan to Plan Santa Barbara that came out of the “Rainy Day” fund as an example of an expenditure that shouldn’t have been taken out of the reserves. White said draws like that during “sunny” economic times forced the city to make steeper cuts to services such as the library and parks when things went sour. “When the rain did come, we didn’t have that money to soften the blow,” White said.
borhoods. Liberals are looking to seize power again at City Hall. The Santa Barbara County Democratic Party backed three candidates, Falcone, Murillo and Schwartz earlier this year, in an attempt to present a united front to voters. The three have also locked up several high-profile endorsements FROM PAGE 1
including that of State Assemblyman Das Williams, and County Supervisors Salud Carbajal, Doreen Farr and Janet Wolf. Santa Barbara Mayor Helene
Schneider has not yet made any endorsements in the council races. For the candidates, this year’s election is likely to center on public safety, battling homelessness and the city’s budget priorities. Much of the intrigue in the race centers on candidate Falcone who is looking to return to glory at City Hall after taking a two-year absence. Falcone served two terms on the council, from 2003 to 2009, before she stepped down because of term limits.
Couple fights for dream home NEWS
Daily Sound Tuesday, July 19, 2011
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DAILY SOUND / Victor Maccharoli
Councilmember Dale Francisco looks over the improvements that Tom and Barbara Sanborn want to make to their Mission Ridge home.
BY ELISE CLEMENTS
DAILY SOUND STAFF WRITER
High above the bustle of city traffic, the silence on the Riviera is rarely punctuated by more than bird calls. But since February, Tom and Barbara Sanborn, who live at 1233 Mission Ridge Road, have been embroiled with their neighbors in a noisy battle over the future of their property. The Sanborns want to make changes to their residence. It seems to them that their neighbors, Judy and David Denenholz, would rather see no changes made at all. The City Council today is expected to decide whether the concerns of the Denenholzs outweigh the Sanborns’ dream. “I'm just looking forward to the day when this is all over,” said Tom Sanborn. “We just want our house.” The city's Planning Commission in January approved the Sanborns’ plans to double the size of their home, rebuild their guest house, and make other additions and improvements. A week later the Denenholzs appealed that decision, months of tug of war with the city and repeat trips to the drawing board for the Sanborns ensued. The proposed height of the home's roof line has been reduced four times. They have made several adjustments to slim the bulk of the estate. They plan to
lower their house and have included a view window in the roof line to further accommodate their neighbors. At this point Tom Sanborn said he is stumped as to what else he might do. He suspects that nothing will satisfy his neighbors. “This situation reminds me of that old adage, 'It's the last farmer that's always punished,’” said Sanborn. He explained that other houses around his have been built up. His current home is a rare one-story find. It was originally part of a larger estate during prohibition and served as a drinking lounge. He suspects the neighbors fear the blight on their view from the loss of his lawn rather than a reduction in cityscape. “'That's my park, I like looking out at my park,” said Tom Sanborn imagining his neighbors thoughts. “But we're not in the park business.” Marc Chytilo, environmental attorney, is representing the Denenholzs. In addition to tarnishing the look of the neighborhood and obstructing the view from surrounding locations, he said that the Sanborns are sidestepping restrictions to building second dwellings on lots susceptible to fires. “(The council) cannot make the finding to have that second house,” said Chytilo. “The biggest issue is the public safety hazard ... we wanted to alert the City Council and the community to this.”
The house is situated at the end of a narrow lane that slims to 14 feet in one portion; 20 feet is the minimum width requirement for new roads. Chytilo said that adding an additional residence in an area that is prone to wildfires would compromise the safety of the entire neighborhood. There are already two structures on the lot, but Chytilo said that this should not make it right. Judy Denenholz echoed Chytilo's concerns. “It doesn't make sense,” she said. “The community should be concerned about increasing density in a high-risk fire area.” Allowing a second dwelling would not comply with the city’s General Plan, she said. Chytilo said he fears the project will set a dangerous precedent. “It's a project that could lead to a number of additional homes in our fire hazard area,” he said. He is arguing that an environmental review be conducted. But the City Fire Department agrees with the Sanborns. Officials drove equipment up the lane and determined that they could safely respond to an emergency. Because sprinkler systems are being added to both buildings, and because the guest house would be moved closer to the road, the Fire Marshal has determined that the proposed project would actually be safer. Tom Sanborn said he does not think fire safety is the real issue. He
See APPEAL, page 12
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Tuesday, July 19, 2011
NEWS Dodgers: Proposed MLB loan “deal with the devil”
(Reuters) – Los Angeles Dodgers owner Frank McCourt The league's attorneys said MLB's "clearly superior" loan argued in court papers filed on Monday that taking a loan would save $10 million in loan fees. from Major League Baseball would be akin to a "deal with They asked the court to deny approval of the Highbridge the devil." loan and sign off on the "clearly superior MLB" offer. The filing came in advance of a hearing set for Wednesday The court battle between McCourt and the league repreToday sents a potential conflict between the broad powers the A sunny and very warm day for most areas as the in federal bankruptcy court in Delaware, where McCourt's league often exercises over its teams and the obligations and marine influence continues to weaken. Highs today will lawyers are expected to argue that they should be allowed to range from the 70ʼs near the coast, to the upper 80ʼs accept a loan from a hedge fund, Highbridge Capital protections for debtors under U.S. bankruptcy law. and 90ʼs inland. Slightly cooler weather is expected for McCourt is seeking court approval for a $150 million loan Sunny & Warm Thursday and Friday and then a gradual return of Management, instead of the one offered by Major League warmer temperatures for the weekend. Baseball. from Highbridge, a unit of JPMorgan Chase & Co, to keep 85° Baseball Commissioner Bud Selig, who took over day-to- the Dodgers operating. Wednesday Thursday Saturday Friday day control of the Dodgers in April amid what he said were His attorneys said in their court papers that nothing in the concerns over the teams finances, has offered McCourt a bankruptcy code requires the Dodgers to accept the league's loan that could save him millions of dollars in interest and loan offer. fees. "To the contrary, it is clear that a debtor need not (and McCourt, who has blamed Selig for sending the team into should not) be forced to borrow from a lender whose interMostly Sunny, bankruptcy last month by rejecting a $3 billion cable TV ests ultimately are detrimental to the interests of the debtor Sunny & AM Fog, AM Fog, Mild Warm Mild Mild deal, said in the filing that Selig's offer was a "pretext" for and its estate, and that it is well within a debtor's business 59/74° 60/79° 61/75° 60/73° exerting more control over the franchise. judgment to decline such a 'deal with the devil,'" McCourt's Attorneys for Selig's office, in their court filing, asked the attorneys said in the court papers. NEWS IN BRIEF judge to reject the Highbridge loan, arguing that it would McCourt is fighting with his ex-wife, Jamie, in divorce come with a higher interest rate than the one offered by court in Los Angeles over her contention that she has an Major League Baseball. ownership stake in the team. (Reuters) – The U.S. military has essentially the same size, force structure and capabilities as it did a decade ago but costs 35 percent more, an independent public policy think tank said on Monday in an analysis of the 2012 defense budget. The Center for Strategic and Budgetary Assessments, in a 75(Reuters) – Amazon.com Inc in the state capital of Sacramento, taxes significant decrease in sales," said page report, also said the Defense Department had spent some $46 billion over the past decade developing weapons systems (AMZN.O), the world's largest on-line sales by out-of-state retailers like Lauren Lundsten, owner of Swanberg's that were ultimately never fielded, either due to cost overruns or retailer, will learn by Monday if a pro- Amazon based on orders routed to for Men, a store in Sacramento. "They posed measure to roll back a new them through so-called affiliate Web should play by the same rules as everytechnical challenges. As a result, a significant portion of the Pentagon's effort to California law taxing sales over the sites in California. one else." modernize its weapons systems did not result in force modern- Internet moves on to its next step in Merchants affected by the new law Amazon and other online retailers ization, a task that will now have to be undertaken at a time of seeking a place on the state's ballot. have responded to the law by cutting say they have been suffering. shrinking defense budgets. Keith Posehn said 74 merchants cut California's attorney general is ties to their affiliates in California, cre"This was the opportunity of the decade, to really recapitalties with his Zorz LLC online marketating widespread uncertainty among reviewing initial paperwork on the ize and modernize the military's equipment and that has been squandered," said Todd Harrison, who authored the report. measure and will decide no later than them over how to replace lost revenue. ing company in San Diego because of Supporters of the law, including the new law, costing him several tens of "We're looking at the prospect of a declining defense budget Monday whether it may move forward, small businesses and the California thousands of dollars in revenue. over the next decade and we're not going to have the opportuni- a spokeswoman said on Friday. ty to do that again." Posehn said the new law also affects If the attorney general's office pro- Retailers Association, say it closes a With the United States facing unsustainable trillion-dollar vides a ballot title and summary for the tax loophole that has given out-of-state his spin-off AppZorz, a mobile applicabudget deficits, President Barack Obama has asked the Defense measure -- which was proposed by a online retailers an edge with shoppers tion company, and he may move it to Department to cut some $400 billion in spending over the next another state. lobbyist for Amazon -- a campaign may over stores in California. dozen years. Some defense officials fear there may be a further "We're actively investigating movbegin to collect the more 500,000 vot"I've been in business for 16 years request for additional cuts. At the same time, the military faces significant capital equip- ers' signatures needed to qualify it for and because I compete with online- ing out of California," Posehn said. only companies like Amazon that have "I'm going to do what's best for the ment requirements in the coming years, from replacing aging the next statewide election. aircraft carriers and building a new generation of submarines to The law, dubbed the "Amazon tax" an unfair tax advantage, I have seen a business wherever that takes us." fielding the F-35 Joint Strike Fighter and funding a new line of aerial refueling tankers. "We still have all these needs, all of these things we were Drinking more, supposed to modernize over the last decade. We haven't done it, and now the funding is going to get tighter," Harrison said. Thinking about divorce? Want a enjoying it less? • INDIVIDUALS • SMALL BUSINESSES That puts the Pentagon in the position of having to make diffair resolution without conflict? ficult choices about whether to cut force structure -- like the • SELF-EMPLOYED Tired of the legal hassle? ... I number of aircraft squadrons or carrier strike groups -- in order to free up money for modernization, he said. can help! I can work with you or ...Now What? The center's analysis said half of the growth in defense both of you to get it done The very best in affordable and spending over the past decade was unrelated to the wars in Iraq quickly..at a fraction of the cost. professional tax preparation and Afghanistan and was attributable instead to a rise in the I am a retired Family Law Judge Pentagon's base budget. pro-tem and a Family Law Personnel costs grew by 19 percent, even as overall personResponsive • Prompt • Detail oriented Attorney with over 30 years nel numbers remained relatively flat, the report said. The cost of peacetime operations rose 10 percent, even as the pace of operexperience. ations declined. And acquisition costs rose 16 percent, even as Ronnie Morris, CRTP Helping You Take the Next Step Mediation or Representation the inventory of equipment aged and shrank. Toward A Better Life. Morris Financial Consulting "The base budget now supports a force with essentially the Richard Dolwig, Attorney at Law 805 682-5465 Ronnie@ronniemorris.com 805.682.5465 • firstname.lastname@example.org same size, force structure and capabilities as in FY (fiscal year) For brochure call 637-7993 (805) 966-5100 Bookkeeping | Business Financial Analysis | Tax Planning 2001 but at a 35 percent higher cost," the analysis found. "The www.fullspectrumrecovery.com department is spending more but not getting more."
Small donors drive Obama
Decision soon for California’s Amazon tax measure
THE RESTAURANT GUY
Restaurant Guy: Sushi Ai opens in Goleta SUSHI AI
Sushi Ai has opened at 7020 Camino Real Marketplace in Goleta, replacing Mika. The restaurant is still owned by Julia & Peter Lee. Julia Lee will be the primary family member running the restaurant now. Peter Lee operated Mika. The menu remains mostly the same with one big addition: the â€œFamily Boatâ€? for $19.95. This new offering is a large plate shaped like a boat that includes tempura/beef teriyaki, California roll, chicken katsu, chicken teriyaki, three bowls of rice and three hand rolls / three miso soup / salad. Hours are Sun-Thu 11 a.m. to 9 p.m., Fri-Sat 11 a.m. to 9:30 p.m. For more information call 571-6452.
â€˘ Scarlett Begonia â€“ 11 W. Victoria St., Ste. 10 (formerly Cafe Bianco) â€“ early August â€˘ The Pub â€“ 224 Helena Ave. â€˘ Unnamed â€“ 5701 Calle Real â€“ (formerly Pickup Stix)
FARM AND COAST TO TABLE
Chef Brian Parks at Coast Restaurant & Bar 31 W. Carrillo St. has introduced â€œFarm AND Coast to Table, an ever-changing new menu focused on local, sustainable and seasonable food, whenever possible, from the Santa Barbara and Central Coast JOHN region. The farms used are listed right on their DICKSON menus.â€? The new concept will be offered for dinner at Coast, and showcased in the newly designed dining space located just off the bar, in Chapala Terrace. NOOODLE Whenever possible, Chef Parks sources his products This just in from Ken Boxer, owner of Palazzio at 1026 from local farms and purveyors no further than 100 miles State Street: â€œHi John, Daria and I were in Chicago at the from his kitchen. Santa Barbara-region sources include Tutti restaurant show in May and we came across the inventor Fruiti Farms, Sheppard Farms, Los Olivos Farms, BD (Terri Rogers) of a new alternative to pasta. Itâ€™s called the Farms, local seafood purveyors Steve Escobar (crab, spot â€˜NOoodle.â€™ Palazzio now offers the healthier alternative to prawns, lobster) and Stephanie Mutz (black cod, sea urchin), pasta. The â€˜NOoodle.â€™ Palazzio has the exclusive in Santa and The Cultured Abalone Farm (red abalone, Pacific halBarbara. No other restaurant or store is currently offering ibut) to name a few. this alternative to pasta. The NOoodle has no fat, no net carbs, no calories, no soy, and no gluten. But it has plenty of flavor! If you want to learn about this healthier alternative to CHOWDER FEST pasta, go to the NOoodle website at: www.nooodle.com.â€? The 2nd Annual Chowder Fest is coming to the Montecito Country Club on Oct. 23. I was a chowder judge at last yearâ€™s event and took some photos. Here is a press release LYND LANDS AT COAST about it: Gary Lynd, former owner and general manager of â€œSanta Barbara, CA â€“ Restaurants are invited to particiPeabodys and State & A Bar and Grill, is the new manager pate in Food & Home Magazineâ€™s 2nd Annual Chowder of Coast Restaurant & Bar at 31 W. Carrillo St. Lynd brings Competition. Last year, a whopping 26 local restaurants over 30 years of Santa Barbara restaurant insider experience to the plate. Lynd is also an avid supporter of local non-prof- made it extremely difficult for a panel of judges to decide first, second and third place awards for two categories; Clam it and professional organizations. He is affiliated with the and Creative. A separate award went to the Peopleâ€™s Choice Downtown Organization Board of Directors, the Designated Award winner; Opal Restaurant. Participating restaurants get Driver Program (DDP) in Association with California pre and post event publicity and winner gets bragging rights Highway Patrol, Lobero and Granada Theatres, the Santa for â€˜Chowder Champâ€™ and a revolving trophy currently Barbara Cancer Foundation, CASA, the Boys & Girls Club proudly displayed at the Boathouse at Hendryâ€™s Beach for and many others. their divinely delicious Whiskey Crab Chowder. Sponsorship and other vendor opportunities are available; Proceeds beneTHE CRYSTAL BALL fit Legal Aid Foundation of Santa Barbara County. Tickets After intense concentration and a wave of my hand over are $65 until Sept. 15 and $75 thereafter. Contact Niki the all-knowing crystal ball, my eatery oracle has revealed a Richardson at (805) 963-6754 x109 or nrichardlist of locations appearing in your future: email@example.com for tickets or sponsorship information.â€? â€˘ Backyard Bowls â€“ La Cumbre Plaza â€“ October â€˘ Brendanâ€™s â€“ (location to be determined) â€˘ Casa Blanca â€“ 330 State St. OFF TOPIC â€˘ Cielito â€“ 1114 State St (formerly Stateside & Acapulco) I was walking through a forest near my childhood home â€˘ Fresh & Easy â€“ 336 N. Milpas St in Montecito recently and came across dozens of goats eatâ€˘ Fresh & Easy â€“ 5955 Calle Real, Goleta ing everything in sight. It turns out they were all â€œworkingâ€? â€˘ Handlebar Coffee â€“ 128 E. Canon Perdido St (formerly for a company named Brush Goats 4 Hire, an eco-friendly Three Pickles) solution for brush thinning. I observed one dexterous goat â€˘ Islands Restaurant â€“ (location to be determined) climb all the way to the top of a large oak tree to find fresh â€˘ Maggies at State & A â€“ 1201 State St (formerly State & green leaves. I had no idea goats could climb trees. The A) - Sep goats live within a fenced area and are protected by a predaâ€˘ Mullaneyâ€™s â€“ 22 W. Montecito St. tor-control dog. I am told that this hungry herd is in high â€˘ Nardonneâ€™s La Famiglia Pizzeria â€“ 17 W. Ortega St. demand all over Santa Barbara. For more information call â€˘ Nutbelly Pizzeria & Deli â€“ 915 Linden (formerly 705-2554 or visit brushgoats4hire.com. Chamomile CafĂŠ) â€˘ Panera Bread â€“ 3851 State St. (La Cumbre Plaza) â€“ late John Dicksonâ€™s column appears every Tuesday in the Aug, early Sep Daily Sound. E-mail your restaurant news tips to â€˘ Petros â€“ 1316 State St. (formerly Cafe Buenos Aires) â€“ info@SantaBarbara.com. late Aug.
Connecting You to the Performing Arts
Daily Sound Tuesday, July 19, 2011
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Tuesday, July 19, 2011
â€œSmallâ€? book gives reader big heart BOOKS
day or two, once the spinning had stopped. So Jack settled in with a comic book and waited. When his mother didnâ€™t return that day or the next or the next, Slam. he counted his change â€“ just under $15 â€“ and decided to try and There are days when slamming your bedroom door, though it make it home by himself. Surely, thatâ€™s where sheâ€™d be. might get you in trouble, is really satisfying. Those are the days But going anywhere is expensive and when everybody bugs you, nothing goes Jack was hungry and afraid. What would right, and you just want to scream, stomp, happen if he couldnâ€™t find his mother? storm, and slam. Would they call his grandmother, whom Sometimes, you just want to be left Jackâ€™s mom said was mean? What would alone. they do to a boy who stole a plastic eleBut what if everybody left you â€“ for phant to remind himself of the vacation of a good? What if you woke up and found out lifetime? that you were all by yourself? It happened Jack had to figure that out soon because to Jack Martel in the new audiobook â€œSmall somebody reported him missing and the as an Elephantâ€? by Jennifer Richard authorities were searching for himâ€Ś. Jacobson. The one thing to remember when choosIt was supposed to be the vacation of a ing an audiobook for a car trip is this: lifetime. everyone has to listen to it. Eleven-year-old Jack Martel and his But with â€œSmall as an Elephantâ€? nobody mother had planned it all summer. They will mind. This is one of the smartest, most were going camping in Maineâ€™s Acadia imagination-capturing, compelling stories National Park for Labor Day Weekend. this year â€“ for adults and for kids. Then they were going to go see Lydia the Author Jennifer Richard Jacobson thinks Elephant at the York Zoo because a love of of things for Jack to do that most adults elephants was the one solid thing Jack and would never consider. This little character is his mother shared. tough and scrappy, resourceful and clever, That is, when she wasnâ€™t spinning out of but listeners are never allowed to lose sight control. â€œSmall as an Elephantâ€? by Jennifer of the fact that he is an 11-year-old. I was Still, she seemed normal on the trip, Richard Jacobson breathless at the audacity of this brave little helping him set up his tent and laughing at c.2011, Brilliance Audio: 5 CDs / 5h 9m guy, and the ending is a complete stunner. his jokes. She was fine and Jack was look$22.99 / $28.99 Canada Bring a tissue, thatâ€™s all Iâ€™m going to sayâ€Ś ing forward to a few days of fun. Be aware that, because of its content, â€œSmall as an Elephantâ€? But the first morning he woke up and unzipped his tent, he may be scary for children under 10, but older kids and adults will was alone. love it. If youâ€™re looking for an excellent vacation audiobook, His mother had done it before. Sheâ€™d left him by himself in this one is a slam-dunk. their neighborhood near Boston but sheâ€™d always returned in a BY TERRI SCHLICHENMEYER THE BOOKWORM SEZ
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Conservative and liberal can coexist
the ideas stuffed into my head during my youth were It seems that the precepts of societal politeness and placed by well-intentioned but not necessarily political compromise are going the way of incandesenlightened folk. In hindsight, much of the indoctricent bulbs. People are increasingly polarized into libnation was garbage. So Iâ€™m conservative ... eral and conservative camps and the frustration of not restrained about allowing any implanted nonsense to achieving â€œvictoryâ€? is at a boiling point. keep me from seeing a fellow human with the eyes Me? Iâ€™m sort of a mixed marriage of philosophical of clarity. viewpoints. Being one who espouses peace, love, and On the liberal side, Iâ€™m quite fond of freedom. understanding, you might assume that I am extremeNot the freedom to yell fire in a theater but the ly liberal. Surprise ... Iâ€™m very conservative about elbow room that a healthy society thrives on. several subjects. Iâ€™m also accepting of other peoplesâ€™ religions and Money is one example. I live my life within my ALLEN FELD beliefs as long as their practices donâ€™t include harmmeans and have managed to stay out of debt. I determined at a young age that I didnâ€™t want to break my back earn- ing others or treating their perceived spiritual inferiors as secing cash for things I really didnâ€™t want or need. What a con- ond class citizens or worse. I believe that liberals and conservatives have a lot more in cept. Simple equation I offer: If you canâ€™t afford it, donâ€™t put common then theyâ€™re willing to admit. Beyond the fears, it on the credit card. I also try to be very wary about any greedy tendencies I agendas, dogmas, and judgements, there should exist a fundamight harbor. Avarice makes one look ugly and blocks the mental understanding that we are all human beings who crave heart from its true expression. Bernie Madoff is the poster boy acceptance, peace, and fulfillment during this short visit called â€œlife.â€? for â€œwhat money cannot buy you.â€? Letâ€™s try to remember that the next time... before we start Iâ€™m also very conservative about permitting any pre-packaged prejudicial attitudes to block my soulâ€™s vision. Many of barking at each other.
Tuesday, July 19, 2011
Washington crafts fall-back debt plan as clock ticks
(Reuters) – With time running short, the White House said on Monday it was pursuing a last-ditch plan with Congress to raise the U.S. debt ceiling and avert a default that could plunge global financial markets into chaos. While President Barack Obama insists he is focused on a comprehensive longterm deficit reduction deal, debt talks are stalled and there are just two weeks left until the United States runs out of money to pay its bills. The vast ideological divide between Obama's Democrats and Republicans over tax increases and spending on popular social programs has driven a shift in focus in Washington to a backup plan that would give Obama responsibility, and potentially blame, for raising the $14.3 trillion limit on U.S. borrowing. In the Senate, Democrats and Republicans are working on the fall-back plan proposed by Mitch McConnell, the top Republican in the chamber, that would authorize Obama to raise the debt ceiling in three stages through the November 2012 election. "We must pursue a fall back or last ditch option if you will and conversations
about that have been ongoing," White House spokesman Jay Carney said. "We don't have the luxury anymore of pursuing one (option) only. We have to make sure there is a mechanism in place to be sure that no matter what happens the United States does not default," he said. The stalemate on debt talks in Washington, along with debt problems in Europe, is unnerving financial markets worldwide amid fears of a descent into a global crisis. World stocks dipped and gold prices hit record highs above $1,600 an ounce as investors sought a safe haven. Obama met House of Representatives Speaker John Boehner and his deputy Eric Cantor for private talks over the weekend but their offices said no progress was made toward a deal. Instead, Republicans said they will push for a measure to cut and cap government spending and amend the U.S. Constitution to require a balanced budget even though Obama has already promised to veto it should Congress send it to his desk. The symbolic vote on Tuesday gives conservative Republicans a chance to argue their position on the need for deep
Friends don’t let friends watch Cable.
spending cuts. That could give Boehner the political cover to pursue a compromise that includes less dramatic cuts to spending that Republicans have so far sought. The United States will default on its financial obligations by August 2 if Congress does not allow the U.S. Treasury to sell more debt by then. That would increase interest rates and could force the U.S. economy back into recession.
The proposal by McConnell, who has said he wants to make Obama a one-term president, could shift any political blame for increasing the debt burden to the president ahead of an election in which U.S. deficits will be a key issue. But many conservative Republicans in the House oppose McConnell's plan, saying it does not offer deep enough spending cuts. It could also backfire by giving Obama the opportunity to show voters leadership in crisis. Carney said Obama and administration officials were working closely with both parties in the Senate to ensure the fail-safe
plan could pass Congress. The White House insists that talks are continuing with congressional leaders in pursuit of a long-term deficit reduction deal but there has been little evidence of discussions of anything beyond the "Plan B" alternatives. Obama has set a Friday deadline for congressional leaders to agree on a budget deal. The White House says the July 22 deadline would give Congress enough leeway to write and pass legislation before August 2. Credit rating agencies have signaled they may cut the top-notch AAA U.S. rating if the borrowing limit is not raised. Even if Congress increases the borrowing limit in time, without serious deficit reduction measures in place, the United States would still be under pressure, the agencies have said. Fitch Ratings said on Monday if the debt ceiling was not raised before August 2 it would place the AAA rating on "watch negative," which means it could downgrade it within a three-to-six-month period. This echoed similar warnings last week from the other two big rating agencies, Moody's and S&P.
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Tuesday, July 19, 2011
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