LET US RAISE THE DEBT CEILING

 

Published by El Nuevo Herald on January 18, 2013

 

 

 

 

 

 If you say this month you owe $ 5,000 for your home, obviously you'll want to pay this amount to avoid losing it. However, if you don't have the money in hand, then you become creative and ask the bank to let you pay only the interest for three months until get that money.  After three months you do not have the money and the bank threaten to take away your house.  But you have a brilliant solution.

 

 As the total value of your home is $ 100,000 and you could not pay the monthly $ 5,000 for the last three months, you ask the bank to make a new loan for $ 115,000 to replace the previous $ 100,000.  The bank barely accepts, but requires you to pay higher monthly interest on your new loan. As you have no other solution, you take the deal even though your salary this year will be lower.

 

 Because now your income has dropped, next year you face the same situation. This time you ask the bank for a new loan for $ 130,000.  As your salary is decreasing and increasing your expenses, you have two alternatives: either you manage to increase your income or bank takes your house.

This hypothetical situation is very similar to the current debt of $ 16.4 trillion facing the great American nation, with one exception: over 90% of homeowners seeking to refinance your loan with any of the major U.S. banks, simply do not qualify.  And the reason is that usually the owners want to lower your monthly payment and the banks do not want to cut their collection, so they are opposing positions.

 

 In the case of the U.S. debt ceiling, there is no choice but to raise it to avoid falling into the debt default  . And to default, it would suffice to stop paying interest for about $ 38 billion that will accrue from February 15, 2013 and March 15, 2013.  Of course, for that period are expected about $ 277 billion in revenue to federal coffers in taxes mostly. In other words, there will be enough money to pay the interest, Social Security and the military salaries, but public spending from $ 452 billion will have to be controlled to avoid  raise too much the debt ceiling.

 

 Traditionally and for many years, the intrinsic behavior of the U.S. economy has been debtor, such as report the New York Times in 1981: "Although the  routine increase in the debt ceiling has been essential to meet public obligations, the vote in Congress has been delayed up to eleven hours, always with the opposition party demanding the party in power cuts in current spending. "

 

Of course, the most important thing now is to prevent a return to downgrade U.S. credit, which would further increase the interest that the country would have to pay.  Also financial markets could react adversely by the loss of consumer confidence, if not reached to raise the debt ceiling.

Logically, continued growing spending and declining limited income  lead to  inevitable bankruptcy.  So, there is no choice but to prioritize spending and increase income.

 

How do we increase revenue?  Intensifying domestic manufacturing, making return to U.S. domestic factories.  How do we reduce spending?  Hiring immigrant labor already established in the U.S., who accrue bonds instead of regular pay to compensate the national payroll for relocated factories now in the U.S.

 

!!! Let us raise the debt ceiling !!!

 

 Benjamin F. DeYurre

Economist and Journalist 

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WHERE ARE THE PUBLIC ASYLUMS ?

Benjamín F. Benjamin F. DeYurre DeYurre

    Published by El Nuevo Herald on December 28, 2012

In light of the recent slaughter of children in Connecticut, we ask what is the role of the national government in the prevention and treatment of mental illness.

 

In the U.S. there are excellent private psychiatric hospitals like McLean Hospital in Massachusetts and the Menninger Clinic in Texas.  But what are the government asylums?

 

 

 

 Perhaps the last known was St Elizabeths Hospital in Washington DC, on whose lands run from May 2013 the central command of the National Guard.

 

 The St Elizabeths Hospital, founded in 1855, came to own 100 buildings and treat more than 125,000 patients, including Richard Lawrence, who tried to kill President Andrew Jackson, and John Hinckley Jr., who shot President Ronald Reagan.

 

 Now we wonder: where are served the mentally unbalanced without financial resources?  The answer seems inconceivable: in jail.  For example, in Florida, 1,200 jail beds of Miami-Dade County are occupied by prisoners with serious mental problems and so this organism can be considered the largest mental health center in the state.

 

 The problem is that usually the Public Psychiatry confuses the terms when attending cases such as substance abuse, homeless, AIDS patients and extremely poor minority. Perhaps for this reason, private psychiatric hospitals received only 38% of public funds in 1988, compared with 62% of private funds, including insurance.

 

 Of course, in definition of  psychiatric diagnosis the doubts persist, as was established with Rosenhan experiment performed in 1972. The psychologist David Rosenhan began sending healthy patients to 12 mental hospitals, individuals masquerading as psychotic. All were admitted and diagnosed with mental illness. Even when fake patients argued feel good, hospitals refused to release them.

As we see, a true psychiatric diagnosis is not easy. The really important thing would be to find "a priori" patients with potential to threaten the lives of others or their own.

 

If we do not want to see other massacres, like Arizona, where he was wounded Congresswoman Gabby Gifford, the Columbine, the Virginia Tech or this horrendous massacre of children in Connecticut, we have to implement emergency measures. . And among them, surely, must be the creation of a federal mechanism led by the FBI, which issue permits to carry weapons after approval of a psychiatric examination specially designed to detect potential murderers. This is just one of many economic measures we can take to protect the innocent from many deranged swarming our streets.

Lets Go !!!!

 

BENJAMIN F. DeYURRE

Economist and Journalist

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CHANCE AND HORSES

 

 

Published by El Nuevo Herald on November 28, 2012

 

 

When it comes to gambling, many immediately think of the lottery and casinos, which effects come to be not only a promising game, but also a form of entertainment for adults. However, there are other forms of entertainment where the game is also present and the odds of winning are much higher. Particularly, the races are a prime example that illustrates this statement.
While the chances of hitting the Florida Lotto are one in more than 22 million in horse racing are one among only twelve competitors. That is, if just twelve horses run, only one will win unless there is a tie, in which case there are two winners. More contrast is the Power Ball, which has a chance to win the grand prize, chosen from a total of 175 million possibilities.

 

In addition, in horse racing coinciding a number of factors absent in the lottery. For example, while the chances of hitting the lottery in 99% depend on luck, in the races the jockey, the trainer, the track conditions and the blood of horses are involved in making betting decisions. Unquestionably chance is important, but knowledge is helpful.

The economic crisis that has plagued the country in recent years has affected the racehorses industry. The proliferation of gaming crowd who have come to compete in this sector has decreased the volume of betting on horses.

The three racetracks to compete in the Great Miami, along with greyhound racing and Jai Alai, have accepted the proposed installation of casinos on their land to supplement their income. The historic racetrack Hialeah Park, hopes to complete by mid next year the launch of a thousand slot machines Vegas style, as part of an initial investment of $ 1,000 million to revitalize all areas adjacent to the racetrack, impacting the city of Hialeah by creating 8,000 direct and indirect jobs.

 

For the same economic crisis, the number of horses produced has decreased. This has affected the public spectacle of horseracing, with few specimens entered in each competition. For this reason, the state of Florida should re-regulate horse racing. In this way each racecourse will have its operating fixed dates. Thus, Gulfstream Park, Calder Race Course and Hialeah Park will enjoy their respective seasons, with all customers and the same horse universe, rotating for each racetrack.

 

This regulation is not only in the interest of all parties but in the creation and maintenance of jobs in each area and in the spectacle itself of horse racing.
 

BENJAMIN F. DeYURRE 

Economist and Journalist.

BRAMAN FACTOR: Oracle of Miami

 

Published by "Los Tiempos" Newspaper on August 2012

 

 

 

 

With a fortune estimated at $ 1,500 million, a son of immigrant Jews of 79 years called Norman Braman, has been for the last 30 years the city of Miami financial guardian and in truth, it is hard to find an economical, political and social recipe where this factor is not involved.

 

Nominated by President Ronald Reagan as commissioner of immigration in 1981, whose candidacy later withdrew, Braman has never exercised public positions. In 1994 the Governor of Maryland designated November 1 as the day of Norman Braman. Miami Mayor Manny Diaz, Braman granted an award for having contributed to bringing Art Basel to Miami, an event that is currently considered as the most important art fair in the U.S. and among the most prominent in the world.

 

Braman, after a successful business career in Philadelphia where he became owner of the Philadelphia Eagles Football franchise, was established in Miami in 1975 within the field of car sales reaching 23 agencies and having a large collection of art. Despite his personal success, Norman Braman to achieved greater notoriety for its vertical position in the management of public funds and everything that affects the prosperity of Greater Miami.

 

In 1982 he led a campaign against a movement that sought to finance, with a tax increase, the remodeling of the Orange Bowl Stadium. Finally, Mr. Joe Robbie built his Dolphin Stadium with their own resources. In 1999, he once again opposed to an increase in the sales tax supposedly intended to improve public transport. Three years later, with the same purpose, Mayor Alex Penelas sought intervention Braman not to carry ballot boxes half-cent increase this time, which ultimately was approved from 7% to 7.5% we know today. In 2008, Braman opposes a massive reconstruction plan of downtown Miami in the amount of $ 3,000 million. It also rejects the construction of a tunnel from I-395 to the Port of Miami for $ 1,000 million on the grounds that according to the law "Florida Sunshine-In Government Act", any early recruitment should be subject to a prior public announcement. A circuit judge rejected this argument and now the construction of the tunnel advances expected that the work is completed in May 2014. In 2011, Braman finance a successful campaign to oust Mayor of Miami-Dade Carlos Alvarez for his proposal to increase property taxes.

 

Currently Norman Braman's crusade is against the mega-casino to be built in Miami. He has attended several media interviews on the Anglo-Saxons and Spanish radio, reporting which highlights irrefutable statistics that dethrone Miami to Las Vegas as the gambling mecca but also acquire all negative numbers as are national records in foreclosures, unemployment and crime. In addition, plans to create an "American Riviera" in South Beach would be affected by this mega-casino. It is true that the French Riviera is very close to the Casino de Monte Carlo. But the 'Charm' of this small but stately casino proposed differs radically from Miami.

 

Not everything is pink for Norman Braman. In December 2008 he was the victim of the Ponzi scheme orchestrated by Bernard Madoff. Like many banks, institutions and individuals, Braman lost a considerable fortune in the largest financial scam in U.S.

 

Norman Braman, defined as "a fiscal conservative but a social liberal as" is having a battle  still pending. For fans of Baseball, Braman's opposition to the construction of the Marlins Stadium was painful.

 

If something negative should occur, making the Stadium in another 'white elephant' of the city, fulfilling the predictions of Mr. Norman Braman, will probably be called from then on 'The Oracle of Miami'

 

BENJAMIN F. DeYURRE

 

Economist and journalist.

UNEMPLOYMENT IN EE.UU.

Published by "Los Tiempos" Newspaper, Julio 2012

One of the most important features that stand out in a down economy is a high rate of unemployment.

 

In recent months the rate has averaged 8.2% in the United States. However, for those aged between 20 and 24 years, that rate increases to 13.3%, which could be interpreted as an inability of the economy to absorb the young workforce recently joined the labor market. Obviously, if this trend continues, it could exacerbate unemployment in this segment which contrasts with ages between 45 and 54 years where unemployment is only 6.2%. From a demographic standpoint, this sector "aged" is the most productive and consequently is the largest generator of wealth. In other words, "old people is still supporting young ones"

There are two main reasons for the persistence of this sector "aged", medical advances that have extended the life of the worker thereby decreasing their mortality rate, and slowness of economy to create new jobs in the United States. Other factors are also involved. Very few new domestic manufacturing are establishing in USA due to comparative advantages, since is much more convenient to open factories in China and other Asian countries or in Mexico and other Latin countries.

Particularly in China, the wage gap is huge because in this country, hopefully, the employee earns the equivalent of a dollar an hour job.

Now comes the most interesting problems. We live in a market society where obviously the  entrepreneur seeks to maximize its profit. In this respect and because of freedom guaranteed by our system, the employer is free to build where he likes. But, who gives work to the U.S. labor force?

The army of pizza makers and gardeners are also filled.

If you pays to cut your lawn for your home or for pizza delivery, people who receive the money, are receiving an income but are not generating wealth. If you open a shoe factory, will need to buy the equipment and supplies, hire employees, bank loans and export handling if necessary. Around a factory, always set a series of wealth-generating activities. Therefore, it is necessary to manufacture in the U.S. This is important to arouse the interest of the businessmans, giving them wage and tax offset to be able to compete with foreign markets.

 

 

BENJAMIN F. DeYURRE

Economist and Journalist

The Demon Microchip

 

 

 

 

 

Published by El Nuevo Herald on July 23, 2012

 

 

 

 

 

In the last few months has been circulating on the Internet what appeared to be an apocalyptic version of health care reform, recently approved by the Supreme Court.  This cyberspace message, along with hundreds of interrelated rumors, flooded network concerning the possible adoption of a bill known as HR3200.

 

 According to these rumors spread, health care reform known as ObamaCare enacted mandatory implanting into the human body of biocompatible glass capsule length of 11.5 mm, slightly larger than a grain of rice.  This capsule known as Verichip Micro Transponder would be implanted in the hand of patients with all medical information required by insurance and healthcare institutions, such as current conditions and medication used, as well as age, geographic location and way of contacting the patient.

 

 Of course, this assumption implant in the human body generated a number of comments carried by the opponents to health care reform.  From the political point of view it was a way to control the population since information contained in the capsule reveal party affiliation, bank accounts and other important personal data.  From the religious point of view was probably the mark of the beast, as written in the chapter of the book of revelations 13:16.18. Even still people talks about the March 23, 2013, as the date on which this implementation will be legally required.

 

 Nothing is further from the truth. The proposal HR3200 was never passed by Congress and therefore was never made into law. Instead HR4872 Act was passed on 17 March 2010.  Neither the law nor approved proposal contemplated that a microchip or any device will be implanted in the human body for any reason.  Just what they did, was create a National Medical Device Registry that allows the Department of Health statistics keep medical devices used "in or on" a patient, such as a cardiac pacemaker.

 

As we can see, in spite of all the attempts made by different sectors to defeat ObamaCare, this law is a reality and will be in full force in 2014. It was time that the U.S. adopt universal health insurance as exists in most industrialized countries.

 

BENJAMIN F. DeYURRE

 Economist and journalist.

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El Historico Hipodromo de Hialeah - Benjamín F. DeYurre

by Hialeah Park on Monday, November 19, 2012 at 12:28pm ·

 

El hipódromo de Hialeah tiene mucha historia que contar, en la cuál ha sido protagonista principal.
 

En el año 1922 y bajo el nombre de Miami Kennel Club, el ahora hipódromo fué el primer circuito para carreras de galgos en EE.UU. El 15 de Enero de 1925, el hipódromo comienza a ofrecer el espectáculo de los reyes: competencias de caballos purasangre de carrera.
 

El gran huracán que azotó a la región en 1926 impulsó grandes cambios en el hipódromo de Hialeah. No se escatimó ningún esfuerzo en su rediseño. Fué así como las escaleras siguieron el diseño de los hipódromos de Ascot en Inglaterra y Deuville en Normandía. El paddock descubierto se asemeja al de Longchamp en Francia. Un tunel de acceso a la pista es similar al de Epson Downs en el Reino Unido. Las terrazas y barandas están inspiradas en el afamado casino de MonteCarlo. No en balde el hipódromo de Hialeah es considerado por los hípicos como el mas bello del mundo.
 

Yá para el 14 de Enero de 1932, el hipódromo se destacaba como uno de los sitios mas elegantes y concurridos en EE.UU.. Por esa fecha, el siempre innovador hipódromo de Hialeah, tuvo el honor de inaugurar la primera pista de hierba en EE.UU. También instaló el primer sistema totalizador de apuestas en el pais.
 

Personajes de talla mundial eran vistos a menudo en el hipódromo. Los duques de Windsor, Churchill, Sinatra, Truman y muchos otros visitaron repetidamente sus predios. Amelia Earhart, en cuyo honor se desarrolló el parque Amelia de Hialeah, en 1937 pronunció su discurso de despedida en el hipódromo, antes de desaparecer con su avioneta cuando pretendía ser la primera mujer en darle la vuelta al mundo piloteando un avión.
 

Los mas famosos caballos purasangre de carreras estuvieron en Hialeah. Entre ellos “Citation”, quién para seguir engrandeciendo la fama del hipódromo, fué el primer caballo en ganar un millón de dólares en EE.UU.. El imponente caballo ganó la triple corona y dejó un record de 27 carreras ganadas y dos segundos lugares en 29 intentos. Su memoria fué inmortalizada en una estatua de bronce, esculpida en Florencia-Italia, que actualmente permanece en los jardines del hipódromo como testigo mudo de un resplandor que continúa hoy en día.
 

En 1977 el criador y urbanista John Brunetti Sr. asumió el control del hipódromo de Hialeah con el firme propósito de preservar su historia y magnificencia, como corresponde a una institución listada en el Registro Nacional de Sitios Históricos de EE.UU.
 

Con el trancurrir de los años, muchos cambios económicos surtieron efecto en EE.UU.. La ciudad de Hialeah, con sus negocios y habitantes han tenido que enfrentar estos cambios. Un desempleo galopante ha azotado a Hialeah y zonas circundantes. Multitud de empresas, antaño florecientes en Hialeah, han desaparecido o trasladado sus operaciones a China u otros paises. Sin embargo, el hipódromo de Hialeah ha permanecido fiel a su ciudad y a sus habitantes, gracias a la perseverancia de sus oficiales, en especial el Sr, Brunetti. También, importantes personajes de la comunidad, como el comisionado condal Esteban Bovo Jr., el Alcalde de Hialeah, Carlos Hernández y el ex-alcalde de la ciudad Julio Robaina, así como otros oficiales electos, han prestado toda su pericia y relaciones para ayudar al hipódromo de Hialeah.
 

Por la misma situación económica que ha venido atravesando el pais, los hipódromos, canódromos y Jai Alais, se han visto en la necesidad de complementar sus ingresos con la instalación de Casinos de juego en sus predios. El hipódromo no Hialeah no es una excepción y yá tiene en marcha obras en construcción para albergar en sus inicios 900 máquinas tragamonedas como parte de una inversión estimada en $1.000 millones, previéndose su apertura para mediados del año 2013.
 

Desde el año 2009, el hipódromo de Hialeah viene ofreciendo al público las famosas carreras de caballos cuarto de milla. Estos corpulentos caballos especializados en distancias cortas proporcionan un espectáculo muy emocionante por sus llegadas electrizantes. Normalmente, los resultados de las apuestas son muy atractivos y por ello el público acude masivamente.
 

Realmente, en la última década, ha existido una fuerte competencia entre todos los hipódromos del estado de La Florida. Y todos los que tienen una temporada de carreras con caballos cuarto de milla, por ley estatal, pueden aceptar las apuestas “simulcast” de otros hipódromos nacionales. Inclusive, hasta caballos cuarto de milla que participan en rodeos, al parecer califican bajo esta ley, que al momento de escribir este artículo, aún no ha sido sancionada por la corte.
 

Lo que en definitiva sería un éxito económico, es un consenso de los otros dos hipódromos cercanos a Hialeah en un área de 50 millas, en el sentido que cada hipódromo tenga unas fechas exclusivas de operación. Esto es debido a que la población equina no es suficientemente grande como para llenar un mínimo de competidores en cada carrera, si es que los hipódromos, incluyendo Hialeah, compiten en una misma temporada.
 

Como vemos, el resplandor y la historia del hipódromo de Hialeah, continúa. Con inconveniencias y dificultades, contra viento y marea, el hipódromo de Hialeah vislumbra un porvenir extraordinario. No es fácil, pero lo está logrando. Y las cosas buenas se hacen esperar. Ese es el eterno e histórico hipódromo de Hialeah.