News Flash:
Mayor Michael R. Bloomberg, acting on the advice of his aides and those of Gov. Andrew M. Cuomo, recommended that nursing homes and adult homes stay put. 305 residents would ride out the storm where there was extensive flooding and electrical power outages; thus, directly placing those residents at direct risk of being killed.
What is worse, is that the officials would not ensure that the facilities, in harms way, would protect the residents. They did not require that nursing homes maintain backup generators that could withstand flooding. They did not ensure that health care administrators could adequately communicate with government agencies during and after the storm.
To add insult to injury, senior Bloomberg and Cuomo aides did not express regret for keeping the residents in place. So, to Mayor Bloomberg, who needs guns when elected officials, like you, purposely, hiding behind bean counters, place the most vulnerable at unnecessary risk? Or better yet, who needs “Death Panels” when we have politicians like Michael Bloomberg and Gov. Andrew Cuomo acting in the public’s “so-called” best interest? Remember, there was advanced warning and they did nothing for these people while Mayor Bloomberg had called for mandatory evacuations for certain areas.
Source: http://www.nytimes.com
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“he asset bubble of 2000 did not resrnpeet real wealth. You can continue to compare today’s household wealth to that artificial figure. All that shows is that wealth on paper in 2000 was not sustainable. It was artificial.”that’s not really a valid argument.neither was 2006.that has been my whole point all along: that the wealth that the greenspan bernanke bubble era has created has all been fake and has all wound up going away.oddly, i think you just agreed with me.we have been trying to print prosperity for 15 years and it has failed.that was my whole point when this discussion started.instead of prosperity we have gotten poor growth, no real per cpaita wealth increases, and a big debt burden (and do not forget that leverage matters. net wealth of 150k and no debt is far different from 300k in assets and 150k in debt if anything bad happens).my whole argument is that these polices and attempts to control the business cycle have been a dramatic failure.we just get bubbles and busts that keep piling into one another and getting bigger.the .com bubble was the easiest kin of bubble to clean up. like the railroad bubble, it was a bubble in productive assets funded by equity.we swapped it for the hardest kind of bubble (debt funded non productive assets) in the housing bubble.we are now running one in federal debt that is the kind of thing that can wreck a whole society.this is what i am railing against and peak is supporting.he claims that the fed has done a great job controlling the business cycle and creating prosperity and wealth.i think the evidence argues otherwise.we have never seen concatenated bubbles like this. it’s coming from somewhere. with money supply growing at 2X nominal gdp, i think it’s pretty easy to see where.