Long Island Press, Issue 7


The proposed $700 billion package is too high. The government is banking on converting the bailout into a money-making proposition over time because it has the pockets and the patience to do so. Because not every single investment that it is backing will go belly up, there will theoretically be an upside when it is paid off. If that's the case, then don't give up all that money. Only bail out the worst-case scenario of investments-let's say 20 percent of them. Sorry, Wall Street, your allowance is now only $140 billion. Use it wisely, and yes you still have to pay us back in five years.


Remove half our troops from the Middle East and bring them home. Move the other half to Afghanistan and finish the job. As for Iraq, it's time. You're on your own. America's sons and daughters will be far more useful at home adding to the economy and taking care of their own families as they have taken care of all of us. According to some economists the war in Iraq costs approximately $2 billion per day. At an annualized cost of $104 billion and reallocating half of the expense to Afghanistan, we pick up billions.


American ingenuity rules. Part of the economic stimulus package must be an investment into renewable energy and only the government can spur demand. For the next decade the government must provide 100 percent tax rebates to any American household that invests in photovoltaic, geothermal or wind power for their homes as allowable by local zoning. This will serve to artificially ramp up an industry that is primed and ready for growth with wartime speed. The implications of this new type of economy are far-reaching and much needed. America must be the driver for a new economy and renewable energy is the future. Not only will it reduce our dependence upon fossil fuels; it will reduce our carbon emissions.


One way to put money back into the pocket of Americans is at the grocery store. It's time to end the farm subsidies for fuel such as ethanol, because the grand experiment failed. While well-intended, these subsidies served to drive food prices beyond the reach of poverty-stricken Americans.

Tax Breaks

The government needs to implement an immediate tax break to all manufacturing companies based in America. If you shipped jobs to China, you're out of luck. Between this tax incentive and a new economy based upon renewable energy we should have just enough jobs for the people who lost them to China and our kids returning from Iraq.


This is the easy part. At the end of five years, after the banks have paid back the $140 billion the government loaned them, they must have dismantled and returned to the way it was before Greenspan, Gramm, Dodd and Schumer started foaming at the mouth and rabidly stripping away financial oversight of the markets. Just turn back the clock. No harm, no foul. Since the mid-1930s the markets ran efficiently. The reason given for deregulating the banks was so they could compete on the global market. The news flash is that without us, there is no global market, because we're still the only ones that buy everyone's stuff. Above all, there needs to be honest campaign finance reform that limits contributions to politicians from industries that are regulated by the federal government.

Lehman Brothers

"As the clock ticks down, workers file out of a Times Square skyscraper carrying what they can." - CNN


NEW YORK, September 15, 2008 – Lehman Brothers Holdings Inc. (“LBHI”) announced today that it intends to file a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. None of the broker-dealer subsidiaries or other subsidiaries of LBHI will be included in the Chapter 11 filing and all of the broker-dealers will continue to operate. Customers of Lehman Brothers, including customers of its wholly owned subsidiary, Neuberger Berman Holdings, LLC, may continue to trade or take other actions with respect to their accounts.

The Board of Directors of LBHI authorized the filing of the Chapter 11 petition in order to protect its assets and maximize value. In conjunction with the filing, LBHI intends to file a variety of first day motions that will allow it to continue to manage operations in the ordinary course. Those motions include requests to make wage and salary payments and continue other benefits to its employees.

LBHI is exploring the sale of its broker-dealer operations and, as previously announced, is in advanced discussions with a number of potential purchasers to sell its Investment Management Division (“IMD”). LBHI intends to pursue those discussions as well as a number of other strategic alternatives.

Neuberger Berman, LLC and Lehman Brothers Asset Management will continue to conduct business as usual and will not be subject to the bankruptcy case of its parent, and its portfolio management, research and operating functions remain intact. In addition, fully paid securities of customers of Neuberger Berman are segregated from the assets of Lehman Brothers and are not subject to the claims of Lehman Brothers Holdings’ creditors.

Lehman Brothers (ticker symbol: LEH) is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world. For further information about Lehman Brothers, visit the Firm’s Web site at" -

nuclear city

Tracking People and Stun Guns

"An experiment completed this week by the California Center for Innovative Transportation (CCIT) has caused people some concerns about the privacy issues related to cell phone tracking. These concerns are also being reflected in court cases that involve the tracking of a suspect’s location through his or her cell phone.

The CCIT experiment is part of a project to test out methods for predicting and monitoring traffic on California’s freeways. Using GPS systems and traffic-monitoring software installed in Nokia phones, the researchers were able to monitor traffic flow. They claim that if the system began to be widely used, all identifying information would be stripped from the phones before location information was transmitted back to Nokia. However, people are concerned that this isn’t accurate and that their specific location could be tracked.

This type of tracking is exactly what’s been done through phones in a handful of court cases where criminal suspects were located by authorities through their phones using GPS and triangulation. A recent U.S. District Court holding has upheld the right of authorities to use wireless information to track suspects." -

"The New York Police Department is expanding its use of the Taser stun gun, a common tool in the law enforcement arsenal that's seen limited use in the nation's largest police force.

Newer model Tasers are smaller, lighter and easier to carry in a holster, the main reason for the change, department spokesman Paul Browne said Saturday.

Starting Wednesday, thousands of police sergeants will begin carrying electronic stun guns on their belts. The NYPD has used Tasers since 1984, but policy called for sergeants to store the stun guns in their trunks while patrolling, rather than strapping the weapons to their hips.

"They were a little too cumbersome," Browne explained. He said older Tasers were about the size and weight of a large flashlight and were less essential than other items police carry.

About 3,500 uniformed sergeants and other supervisors on patrol duty will be issued Tasers, costing about $500 each. The NYPD has 36,000 officers.

Browne said stun guns can be valuable when dealing with psychologically distressed people who might mean no harm but who are acting violently and have lost their ability to comply with an officer's orders.

Police forces nationwide use stun guns as alternatives to guns.

Some critics have questioned whether the devices are used too hastily and on vulnerable people. Amnesty International has counted more than 300 deaths since June 2001 in which a Taser was used against someone, though the tally does not show what caused those deaths.

The manufacturer, Scottsdale-based Taser International Inc., says the devices have been listed as a contributing factor in about 12 deaths." - The Associated Press
nuclear city

"Kids Be Gone"

"Are gatherings of teenagers and young adults affecting your business and your profits?"
- kidsbegone

"You may have heard about the infamous “mosquito” tone that is annoying to teenagers but often goes completely unheard by adults due to a phenomenon called “aging ear.”
Now a distributor called “Kid Be Gone” is importing a device from the UK that plays the mosquito tone and can be installed wherever teens roam free." - nerdapproved
nuclear city

Masters of Lightning

"High Energy Radio Frequency weapons (HERF) or High Power Radio Frequency weapons (HPRF) are weapons that use high intensity radio waves to disrupt electronics. They are a type of directed-energy weapon. They operate similarly to electromagnetic pulse (EMP) devices, by inducing destructive voltage within electronic wiring. They are usually directional and can be focused on a specific target using a parabolic reflector. Faraday cages may be used to provide protection from most HERF and EMP effects." - wikipedia

"A "non-destructive" weapon that incapacitates the enemy by beaming radio frequency energy is currently being developed by the Navy and systems engineering developer Invocon. The technology is called Electromagnetic Personnel Interdiction Control, or EPIC (too good), and it basically throws a wrench into a human's normal process of hearing and equilibrium, leaving them in a dizzy state of helplessness. Pretty epic, right? Results have been clinically proven to cause complete disorientation and confusion, with a side of extreme motion sickness. The Navy hopes for the weapon to effectively penetrate walls without causing any permanent damage, which would make for an invaluable tool in warfare for reducing casualties on both sides." -
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