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>Garrett Calls On GAO to Investigate SIPC, the Trustee and SEC’s Actions in Madoff Case

>Garrett Calls On GAO to Investigate SIPC, the Trustee and SEC’s Actions in Madoff Case 
WASHINGTON, June 3, 2011 –

Rep. Scott Garrett (R-NJ), Chairman of the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today called on the Government Accountability Office (GAO) to conduct a comprehensive evaluation of the actions of the Securities Investor Protection Corporation (SIPC), the Trustee in the liquidation of Bernard L. Madoff Investment Securities, LLC (BLMIS), and the Securities and Exchange Commission’s (SEC) involvement and oversight of this major liquidation. 

“The SIPC Trustee in the Madoff case has been pursuing policies that are in direct conflict with the goals of protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation.  These goals, of course, are the central mission of the SEC, which supposedly supervises SIPC, but has been asleep at the switch. 
“The Trustee’s actions are also inconsistent with SIPA, which is why we introduced H.R. 757, the Equitable Treatment of Investors Act – to ensure the law is followed as it was intended to be.

“The SEC Inspector General has raised questions concerning the SEC’s oversight of trustee and attorney’s fees in the Madoff liquidation.  There are also major concerns regarding the Trustee’s actions in regards to fairness to defrauded innocent investors as well as their impact on the U.S. taxpayer.  Since the SEC has informed its Inspector General that a near-term inspection of SIPC is unlikely, we, on a bipartisan basis, have turned to the GAO to undertake a comprehensive evaluation.”

Garrett was joined in his request by Chairman Peter King (R-NY), Chairwoman Ileana Ros-Lehtinen (R-FL), and Representative Carolyn McCarthy (D-NY), all of whom are cosponsors of H.R. 757, the Equitable Treatment of Investors Act.  Correspondence between the Subcommittee and SIPC, which is referenced in the GAO letter, are attached. 

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>57% of Likely U.S. Voters see the president as more liberal than they are

>57% of Likely U.S. Voters see the president as more liberal than they are

Most voters still believe President Obama is more liberal than they are, while just one-out-of-four say they share the same ideological views as the president.

The latest Rasmussen Reports national telephone survey shows that 54% of Likely U.S. Voters think Obama is more ideologically liberal than they are, while only 13% view him as more conservative. Twenty-four percent (24%) say their political views are about the same as the president’s. (To see survey question wording, click here.)

The number who see the president as more liberal than they are stayed at 57% in three-out-of-four previous surveys conducted since August of last year. That number climbed to 61% in late February. The number who view the president as more conservative ranged from nine percent (9%) to 12% in that same period.

https://www.rasmussenreports.com/public_content/politics/obama_administration/june_2011/only_24_say_they_share_obama_s_political_views

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>President Obama’s phony accounting on the auto industry bailout

>President Obama’s phony accounting on the auto industry bailout
By Glenn Kessler

“Chrysler has repaid every dime and more of what it owes American taxpayers for their support during my presidency.”

— President Obama, June 4, 2011

With some of the economic indicators looking a bit dicey, President Obama traveled to Ohio last week to tout what the administration considers a good-news story: the rescue of the domestic automobile industry. In fact, he also made it the subject of his weekly radio address.

We take no view on whether the administration’s efforts on behalf of the automobile industry were a good or bad thing; that’s a matter for the editorial pages and eventually the historians. But we are interested in the facts the president cited to make his case.

What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan.

https://www.washingtonpost.com/blogs/fact-checker/post/president-obamas-phony-accounting-on-the-auto-industry-bailout/2011/06/06/AG3nefKH_blog.html

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>HEAT WAVE :PSE&G Suggests Ways to Keep Cool and Manage Energy Costs this Summer

>PSE&G Suggests Ways to Keep Cool and Manage Energy Costs this Summer
Reduction in electric prices also will help lower customers’ bills

(June 7, 2011 – Newark, NJ) –  PSE&G residential customers will pay 4.9 percent less for electricity this summer as the result of a price reduction that took effect June 1. Even so, demand for electricity rises as the weather gets hot and people turn on fans and air conditioners, and so the utility is offering the following tips to help customers reduce energy use and control costs.  

• Install a programmable thermostat. If health conditions permits, raise the setting from 73 to 78 degrees. You can save 3 to 5 percent on your air conditioning costs for each degree you raise the thermostat.
• Close doors leading to uncooled parts of your home. If you have central air conditioning, close off vents to unused rooms. Keep filters clean.
• Plant shade trees close to the house on the south and west sides.
• Seal holes and cracks around doors and windows. Eliminate air leaks between window air conditioners and windows with foam insulation or weather-stripping.
• Turn off power sources. TVs, computers and other electronic devices draw power when they are in standby mode or turned off but still plugged in. Plug electronics into power strips and turn off the power switch when the items are not in use.
• Switch to compact fluorescent light bulbs (CFLs), which use 75 percent less electricity and burn more coolly than incandescent bulbs. CFLs are especially handy in hard-to-reach fixtures and won’t need to be replaced for about five years.
• Use timers and motion detectors on indoor and outdoor lighting.
• Delay heat-producing tasks such as laundry until later in the day. Wash full loads, using cold water whenever possible.
• Run the dishwasher at night, using the shortest cycle that will get the dishes clean. If manufacturers’ directions permit, turn the dishwasher off before the dry cycle or use the air dry feature if your machine has one.
• Take short showers. They use less hot water than a bath.
• Replace old appliances with new energy efficient Energy Star appliances.
• Unplug the extra refrigerator in your garage or basement and use it only when necessary. Refrigerators that are only 10 years old can use twice as much electricity as new Energy Star labeled models.
• If possible, install whole-house fans that bring in cooler night-time air that can pre-cool a house and reduce energy use in the daytime if heat is kept out by closing windows and shades.
• Take advantage of PSE&G’s Home Energy Toolkit. It helps you analyze your home energy use and then provides customized energy saving tips. To access the Home Energy Toolkit, log in to My Account at pseg.com.
To view demonstrations of how to save money in your home, visit PSEG’s YouTube channel at www.youtube.com/psegvideo (PSE&G Summer Energy Savings Tips). We encourage you to share the information with family and friends.

For additional ways to save energy and money, visit www.pseg.com/customer/home.

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Let us arrange a smile for dads, grads or anyone else. Buy 2 & Save $15 at 1800Flowers.com! Use Promotion Code DADGRAD2 at checkout. (Offer Ends June 18, 2011) - 300x100show?id=mjvuF8ceKoQ&bids=216823

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>The Cartel in HD Blu-ray — Released Today!

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TheCartelinHDBlu ray theridgewoodblog

The Cartel in HD Blu-ray — Released Today!

As a website subscriber you’re entitled to the following special discounts, good for about three weeks:

Home Edition Blu-ray: 22% off with special secret coupon code: CHOICEME
K-12 Edition Blu-ray: 16% off with special secret coupon code: CHOICEON
Public Screening Edition Blu-ray:: 13% off with special secret coupon code: CHOOSEIT

Important: Discounts will be applied at check-out. All coupon codes will expire July 1st. Coupon codes will not appear on the website.
Be the first on your block to get The Cartel Blu-ray!

And please, tell your friends about The Cartel website..

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The Annual Village home owner flight is upon us

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The Annual Village home owner flight is upon us
the Staff of the Ridgewood blog 

Ridgewood NJ – So its that time of the year again when  a new generation  of High School  seniors graduates and looks forward to reshaping the world in their own  image . The Future looks bright and there are nothing but an endless horizon of possibilities for as far as the eye can see .

But wait whats this , hundreds of homes for sale in the Village well timed  for sellers to coincidentally  skate just in the nick of time for the diplomas to be passed to the next generation of leaders. Amazing how those moving trucks line up in the driveways  so neatly of so many now former Ridgewood residents their bags packed

Now the empty Nester’s take flight ,yes flight from bills due for turf fields, stadium lights , and assorted other  amenities that’s useful life has now been fulfilled and long term liabilities must be avoided at all cost for over extended families.Leaving those left with ever higher property taxes , declining maintenance, quality of life and lower educational standards .
 
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 Let us arrange a smile for dads, grads or anyone else. Buy 2 & Save $15 at 1800Flowers.com! Use Promotion Code DADGRAD2 at checkout. (Offer Ends June 18, 2011) - 300x100show?id=mjvuF8ceKoQ&bids=216823

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>True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says

>True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says
Monday, June 06, 2011
By Matt Cover

Fannie Mae. (AP Photo)
(CNSNews.com) – The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion — not the $130 billion normally claimed by the Obama administration.

https://www.cnsnews.com/news/article/true-cost-fannie-freddie-bailouts-317-bi

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Celebrate the Constitution : the Black Founders and the Continental Army

Celebrate the Constitution : the Black Founders and the Continental Army

In keeping with this year’s theme is “Celebrate the Constitution” for the Ridgewood Fourth of July Celebration ,the Ridgewood blog will be running a series of post under the “Celebrate the Constitution” label ,featuring the founding fathers ,their stories and their ideas .

We are going to start with what may surprise many of you ;the Black founders and yes there were many of them . The Black Founders are reprinted with permission from The Founders, Religion and Government (Facebook) https://www.facebook.com/pages/The-Founders-Religion-and-Government/106677312693315

For many years the actions of black men, women, and children in our nation’s founding has been largely ignored. The enslavement of black Americans was prominent, not their contributions. We read about those slaves who joined the British Army to gain their freedom. But what of the thousands of blacks who served this country in her hour of need? Their deeds were no less important than those of their white neighbors. They fought and died on the battlefields. They road the countryside as couriers. They held office. The wrote in support of independence. The led their communities.

Today we are going to start with the Continental Army itself.

Many black men served as soldiers in the American Revolution. The number is between 12,000 and 15,000. Some were slaves fighting for the promise of freedom. Others were free blacks fighting for their country’s liberty. They served in an integrated army, the last one until the Korean War. By 1779, 15% of the Continental Army was black. These men fought in the very first Battles of Lexington and Concord all the way to the final major battle at Yorktown. They saw action in every major engagement including Ticonderoga, Monmouth, and Princeton. They suffered at Valley Forge and crossed the Delaware with Washington. Every colony except South Carolina and Georgia sent black men with the white men to fight.

In addition to the integrated units, there were also three all black units that served: the Rhode Island First regiment, who fought with distinction at Newport, Monmouth and Yorktown; the Black Bucks of America, a Massachusetts regiment whose banner is still on display at the Massachusetts Historical Society; and the Volunteer Chasseurs, a regiment from Haiti brought over by our French allies. The latter unit took the ideas of liberty back to Haiti with them. Those ideas were used to overthrow their French masters and create the second republic in the Americas.

 https://www.facebook.com/pages/The-Founders-Religion-and-Government/106677312693315

 

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>Beatle Tribute Band – TICKET 2 RIDE at the KASSHAU MEMORIAL BAND SHELL June 16th

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tickettoride theridgewoodblog



Beatle Tribute Band – TICKET 2  RIDE  to Perform at THE FAMOUS  KASSHAU MEMORIAL BAND  SHELL  RIDGEWOOD 
Thursday, June 16 @ 8:30 pm

Please come and join us for a wonderful evening under the stars, outdoors, on a blanket, or ON YOUR FEET , dancing . . . whatever you feel ! Ticket 2 Ride, New Jersey’s Premier Beatle Tribute Band, will be performing a free concert at Ridgewood’s Kasschau Memorial Band Shell on Thursday June 16 beginning at 8:30.  Please Help us and yourselves to a Beautiful Night OF FUN Under the summer Sky.  . . . there’s a contest for largest crowd for the season .   .  . at least help us make an effort ! The band shell is located on Veteran’s Field directly behind Ridgewood Village Hall, 131 N. Maple Ave.

Join the Beatle fans toting blankets, chairs, children, and bug spray, as we flock to Veteran’s Field, positioning ourselves in front of Kasschau Shell, to enjoy this great entertainment beneath the stars.

“I think it’s about the music.  This music is 40 years old and holds up so well.” says Lennie DelDuca  Jr. co-founder of the band.  “We’re not an imitator act,” continues Lennie.  “We don’t pretend to be John, Paul George and Ringo by any stretch of the imagination.  We’re a sound alike band.”  These are savvy musicians who have studied every jot of the Beatles song book.  When you close your eyes, you’ll see the Beatles.

The members of Ticket 2 Ride would like to thank the sponsors of this performance, The Ridgewood News and Hudson City Savings Bank.

The Kasschau Memorial Band Shell is the perfect place to enjoy this fabulous band.  You’ll be outdoors under the stars, in your chair or on your blanket – but more likely up and dancing.  The performance will begin at 8:30, but you’ll want to get there early to get a good spot.  In case of bad weather, please call 201-444-1776 for indoor location.

The Kasschau Memorial Shell is an outdoor amphitheater located on Veteran’s Field in the center of Ridgewood, and dedicated in 1958 as a tribute to Frank Kasschau, an accomplished and beloved musician in Ridgewood. Its purpose is to provide a variety of free quality family entertainment twice weekly from early June through mid-August.

The Kasschau Memorial Shell operates under the auspices of the Village of Ridgewood in cooperation with the Department of Parks and Recreation. In addition, many local organizations and business provide much needed funds to support these programs.

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>New Jersey officials seek approval to change Medicaid structure

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New Jersey officials seek approval to change Medicaid structure

State health officials are seeking federal approval to significantly change the way New Jersey handles Medicaid, as Gov. Chris Christie’s administration looks to save $300 million on the health care program for low-income and disabled residents.  (Harper, Press of Atlantic City)

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>History of Memorial Day

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Memorial Day, originally called Decoration Day, is a day of remembrance for those who have died in our nation’s service. There are many stories as to its actual beginnings, with over two dozen cities and towns laying claim to being the birthplace of Memorial Day. There is also evidence that organized women’s groups in the South were decorating graves before the end of the Civil War: a hymn published in 1867, “Kneel Where Our Loves are Sleeping” by Nella L. Sweet carried the dedication “To The Ladies of the South who are Decorating the Graves of the Confederate Dead” (Source: Duke University’s Historic American Sheet Music, 1850-1920). While Waterloo N.Y. was officially declared the birthplace of Memorial Day by President Lyndon Johnson in May 1966, it’s difficult to prove conclusively the origins of the day. It is more likely that it had many separate beginnings; each of those towns and every planned or spontaneous gathering of people to honor the war dead in the 1860’s tapped into the general human need to honor our dead, each contributed honorably to the growing movement that culminated in Gen Logan giving his official proclamation in 1868. It is not important who was the very first, what is important is that Memorial Day was established. Memorial Day is not about division. It is about reconciliation; it is about coming together to honor those who gave their all.

Memorial Day was officially proclaimed on 5 May 1868 by General John Logan, national commander of the Grand Army of the Republic, in his General Order No. 11, and was first observed on 30 May 1868, when flowers were placed on the graves of Union and Confederate soldiers at Arlington National Cemetery. The first state to officially recognize the holiday was New York in 1873. By 1890 it was recognized by all of the northern states. The South refused to acknowledge the day, honoring their dead on separate days until after World War I (when the holiday changed from honoring just those who died fighting in the Civil War to honoring Americans who died fighting in any war). It is now celebrated in almost every State on the last Monday in May (passed by Congress with the National Holiday Act of 1971 (P.L. 90 – 363) to ensure a three day weekend for Federal holidays), though several southern states have an additional separate day for honoring the Confederate war dead: January 19 in Texas, April 26 in Alabama, Florida, Georgia, and Mississippi; May 10 in South Carolina; and June 3 (Jefferson Davis’ birthday) in Louisiana and Tennessee.

In 1915, inspired by the poem “In Flanders Fields,” Moina Michael replied with her own poem:

We cherish too, the Poppy red
That grows on fields where valor led,
It seems to signal to the skies
That blood of heroes never dies.

She then conceived of an idea to wear red poppies on Memorial day in honor of those who died serving the nation during war. She was the first to wear one, and sold poppies to her friends and co-workers with the money going to benefit servicemen in need. Later a Madam Guerin from France was visiting the United States and learned of this new custom started by Ms.Michael and when she returned to France, made artificial red poppies to raise money for war orphaned children and widowed women. This tradition spread to other countries. In 1921, the Franco-American Children’s League sold poppies nationally to benefit war orphans of France and Belgium. The League disbanded a year later and Madam Guerin approached the VFW for help. Shortly before Memorial Day in 1922 the VFW became the first veterans’ organization to nationally sell poppies. Two years later their “Buddy” Poppy program was selling artificial poppies made by disabled veterans. In 1948 the US Post Office honored Ms Michael for her role in founding the National Poppy movement by issuing a red 3 cent postage stamp with her likeness on it.

https://www.usmemorialday.org/backgrnd.html

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Ridgewood Knights of Columbus Golf Tournament Set for Monday, June 13.

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Ridgewood Knights of Columbus Golf Tournament Set for Monday, June 13. 

Ridgewood-NJ-May 25, 2011: The Ridgewood Knights of Columbus Council #1736 is once again proud to be sponsoring its annual golf tournament on Monday, June 13th at The Emerson Golf Club.

Prizes will be awarded for the First and Second Place foursomes, in addition to Longest Drive and Closest to the Pin competitions. There will also be a silent auction of sports tickets, memorabilia, and other valuable items. “This event is open to all, and is an excellent opportunity to meet the Knights and find out more about the deeds we do throughout the year”, said Sean Noble, organizer of the event. “We also want to thank the many local businesses who are sponsors to this event”, said Noble.

Registration is $150 per golfer, which also includes a buffet lunch. For more information and to register,
go to: https://www.seannoble.com/kocgolf/registrationinfo.htm

Come out swinging for the Ridgewood K of C!

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>White House Adds New Position to Deal with Unfavorable Online Media

>White House Adds New Position to Deal with Unfavorable Online Media 
By Chris O’Shea on May 23, 2011 2:32 PM

 The White House has named Jesse Lee to a new position within its communications department titled Director of Progressive Media & Online Response. According to The Huffington Post, Lee will essentially be responsible for building up Obama’s online presence as he prepares for his reelection bid, and squashing any negative stories:The post is a new one for this White House. Rapid response has usually been outsourced to the Democratic National Committee (DNC), if not done on an ad-hoc basis by administration officials. And it signals that the White House will be adopting a more aggressive defense of the president and his policies as his re-election campaign gears up.

 https://www.mediabistro.com/fishbowlny/white-house-dedicates-new-position-to-deal-with-unfavorable-online-media_b36292

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>Sen. Ruiz’s long study of tenure finally coming to fruition

>Sen. Ruiz’s long study of tenure finally coming to fruition

State Sen. Teresa Ruiz’s first deliberations on teacher tenure started more than a year ago, even before Gov. Chris Christie made it a centerpiece of his education reform agenda. (Mooney, NJ Spotlight)

https://www.njspotlight.com/stories/11/0519/2336/

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