Archive for the ‘intervention’ Category

The Times Are not Right For a Liberal Agenda

November 28, 2008

In the old days — from the Venetian Republic to, oh, the Bear Stearns rescue — if you wanted to get rich, you did it the Warren Buffett way: You learned to read balance sheets. Today you learn to read political tea leaves. If you want to make money on Wall Street (or keep from losing your shirt), you do it not by anticipating Intel’s third-quarter earnings but by guessing instead what side of the bed Henry Paulson will wake up on tomorrow.

By Charles Krauthammer
The Washington Post

Today’s extreme stock market volatility is not just a symptom of fear — fear cannot account for days of wild market swings upward — but a reaction to meta-economic events: political decisions that have vast economic effects.

As economist Irwin Stelzer argues, we have gone from a market-driven economy to a politically driven economy. Consider seven days in November. On Tuesday, Nov. 18, Paulson broadly implies that he’s using only half the $700 billion bailout money. Having already spent most of his $350 billion, he’s going to leave the rest to his successor. The message received on Wall Street — I’m done, I’m gone.

Facing the prospect of two months of political limbo, the market craters. Led by the banks (whose balance sheets did not change between Tuesday and Wednesday), the market sees the largest two-day drop in the S&P since 1933, not a very good year.

Read the rest:
http://www.washingtonpost.com/w
p-dyn/content/article/2008/11/2
7/AR2008112702052.html?hpid=
opinionsbox1

Advertisements

Treasury chief defends Fed intervention

March 16, 2008

By JEANNINE AVERSA, AP Economics Writer 

WASHINGTON – Treasury Secretary Henry Paulson on Sunday defended the Federal Reserve‘s decision to help rescue Bear Stearns Cos., the teetering Wall Street investment bank. He sidestepped questions about whether other firms are on shaky ground and the possibility of addtional interventions of this kind.

Treasury Secretary Henry Paulson gestures during a news conference ...
Treasury Secretary Henry Paulson gestures during a news conference at the National Press Club in Washington, Thursday March 13, 2008.
(AP Photo/Jose Luis Magana)

At the same time, Paulson sought to send a calming message that the Bush administration is on top of the turbulent situation. “The government is prepared to do what it takes” to ease turmoil in the financial system and minimize any damage to the national economy, Paulson said during a series of broadcast interviews. The Fed’s intervention “was not a difficult decision. It was the right decision.”

The Fed, using a Depression-era procedure, raced to Bear Stearns‘ aid Friday along with JPMorgan Chase & Co. Bear Stearns had made a fortune in mortgage-backed securities but faced a possible collapse after those investments soured. Wall Street nose-dived as fears spread about whether other big firms were in jeopardy.

“When you go through a period like this,” Paulson said, “policymakers need to balance various consequences.”

 Read the rest:
http://news.yahoo.com/s/ap/20080316/ap_on_
go_ca_st_pe/paulson_credit_crisis;_ylt=A
kaY8CquJckuHd.g6Vu4M0Ss0NUE

Britney Spears: Decline Repeatedly Noted Before

February 2, 2008

By John E. Carey

A suburban housewife said to me yesterday, “What happened to Britney Spears, all of a sudden.”

The answer is: Nothing.

Like most drug and alcohol abusers, the decline for Britney was prolonged, obvious and intense.
Britney Spears is seen here in January 2008. A Los Angeles court ... 
Britney Spears is seen here in January 2008. A Los Angeles court on Friday awarded Spears’ father control of his daughter’s affairs following her admission to a hospital psychiatric unit for evaluation, officials said.
(AFP/File/Gabriel Bouys)

The real question that faces all of us when we see such a decline in our own midst is: what can we do to help?

The answer is: Intervention.

Intervention is the loving act of saying enough is enough.

Even in our society that promotes freedom above practically all else there are times to say “Stop.” 

“Enough already” may be the phrase that allows life to continue or, for some, return.

In this image from APTN video, Lynne Spears, center, Britney ...
In this image from APTN video, Lynne Spears, center, Britney Spears’ mother is shown leaving UCLA Medical Center with two unidentified people, early Thursday, Jan. 31, 2008, in Los Angeles. Britney Spears was taken from her home by ambulance early Thursday and escorted to the hospital by more than a dozen police officers. A Los Angeles police officer, who requested anonymity because he was not authorized to speak on the matter, said the 26-year-old pop star was being taken to ‘get help.’
(AP Photo/APTN)

If you see wild and crazy abuse right before your nose, you are doing God’s work to help find solutions.

And intervention does not, to me, mean one visit to one doctor.  Taking a serious drug and alcohol abuser for a doctor’s “visit” is like taking your car with a steering problem to “Jiffy Lube.”  At both places you’ll leave in an hour with a fluid change.

Meaning the doctor will send the abuser/alcoholic to the pharmacy: which is often the wrong course of action.

And you won’t get your steering fixed.

A friend of mine who runs a treatment center called “The Manor House,” one Bill Alexander, said to me once, “Doctors are killing alcohol and drug users every day.”

One of the “treatment” drugs is often Xanax.

Xanax can kill an alcoholic.

Steve Hayes, the Director of Novus Detox said, “We see it every day.”

Steve had been speaking to a man with a problem similar to Brit’s.

“His life is falling apart,” Steve told me. “This is a guy that relied on medical doctors and trusted the drug companies.”

Intervention takes some work.  But it won’t take you as long as the serious drug or alcohol user has invested in ruination.

The article below appeared in 2006.  It is a reminder that everyone knew Britney was in trouble — even then and probably before.
******

Britney Spears: Pill-Popping Dope Fiend?

Semi-reliable news source In Touch Weekly is reporting that Britney Spears may have made the leap from a mere amateur crotch shot queen and raging booze hound to unabashed, pill-popping dope fiend.

Brit was recently spotted by fellow club-goers in a restaurant bathroom with a purse full of pills, including an anti-depressant, Paxil, and an anti-anxiety drug, Xanax. Britney is said to have been popping Xanax like it’s hot – right in front of everyone.

“It looked like a freaking pharmacy in there – I have never seen so many pills,” says a witness. “There was a bottle of Paxil, an antidepressant, and a bottle of Xanax, which treats anxiety, that she took out and put on the counter.”

You’re probably not supposed to mix those drugs, and you’re definitely not supposed to drink while using them.

While both drugs mentioned above are legal if you have a prescription, somehow T.H. Gossip doubts Brit got them from her primary care physician. It’s far more likely Paris Hilton’s pool guy smuggled them up from Tijuana.

This is only the latest event in the ever-evolving Britney Spears train wreck.

Links:

http://www.manorhouserehab.com/

http://www.novusdetox.com:80/

Related articles:
Teen Media Idols: Drunk, Naked, Pregnant, Unashamed (We Have Pictures!)

Britney Spears: “Dangerous to Herself”

Heath Ledger, President Bush, The Addicted and Our Medical Professionals

Nationwide Imminent Danger Alert – Super Bowl Weekend Dangers

Addicts Neglected, Over-Medicated Despite Vast System of “Care”

Our Holiday Season: A Good Time To Discuss Drugs and Alcohol in America