Something is off in the cookie mix of the total number of voters in Tuesday, August 6, 2013 Detroit Primary Election. What's off exactly? The number of voters registered to cast ballots in any given election.
If You expected an Honest and Fair format for the candidates to engage in a reasonable question and answer session....You are truly naive!
Belle Isle Park Ariel View
Spending days of summers past strolling the Detroit River by canoe, sitting on a potato sack sliding down "The Giant Slide", visiting animals at Belle Isle Zoo or taking an evening drive on your parks roads to see another country -- Windsor, Ontario -Canada, less than five miles away.
In times long-past, a individual worked for a company, organization or governmental entity anywhere from 10 up to 35 years with an expectation of receiving a guaranteed annuity or pension benefit.
Today, millions of workers are relying on a 401K ponzi scheme for retirement where any future earned benefit payments are subject to stock market highs and lows, along with a rigging the system for temporary monetary games --- in as the U.S. Housing Market and World Economic Crash of 2007.
The City of Detroit, its' workers and citizens have been victims of a slightly different ponzi scheme.
On March 14, 2013, Independent Underground RADIO LIVE had an Exclusive Interview with then President of Citizens of Detroit's Future, former head of Michigan's Board of Accountancy and C.P.A. Tom Barrow.
Mr. Barrow is one of the 27 candidates who is vying to be Detroit's next Mayor.
On August 6, 2013, Detroit's voters will cast a primary ballot for City Mayor and Council positions. A run-off election will take place on November 5, 2013 for the top two candidates in each race for a elected office position, including the Mayoral race.
In our initial and continuing interviews with since March 14, 2013, C.P.A. Barrow has exposed, based on his vast fiscal and financial knowledge, the strategy Governor Rick Snyder, State Treasurer Andy Dillon (who's now missing in action for reasons unknown) and Detroit's appointed Emergency Manager, former Jones Day Law Firm Bankruptcy Attorney Kevyn Orr engaged within to force Detroit into Bankruptcy.
Seriously, at times, the owner of this blog Monica RW (Ross-Williams) have ideas in her head which she writes down either online or otherwise and express. In this case, Independent Underground News & Talk staff was not able to attend Netroots Nation.
Reason number one being a requirement to attend work -- highly appreciated after nearly two years of being an 99er (Long-Term Unemployed/Underemployed American previously exhausted from Federal Unemployment Extensions) without a full-time job.
The second occurrence tied into our inability to attend Netroots Nation in San Jose, CA this year was directly tied into the first reason. As previously being without our former middle class income for a extended period of time, to date we are still catching up with bills due from being unemployed/underemployed.
Repost from Independent Underground News & Talk
For election results can be accepted without question, the highest levels of integrity must existÂ throughout the entire process. From how a candidate petition signatures met the minimum standards of quantity and qualification with election statues in a locality, to how all candidates are treated by a clerk or elections division, under the law.
Many cities in Michigan have what is called "residency requirements" imploring potential candidates seeking to win election for a official office, to live with the city, village, township or county for a period of time. For the purposes of this article, we'll discuss the residency requirement within Detroit's City Charter.
Meet Marc Cayce. Mr. Cayce was a candidate for Detroit City Council Ward 1. Using the past-tense adverb of "was" be an important factor as this article continues.
As a native Detroit resident, Marc Cayce candidacy for City Council appeared set to move forward. Campaign materials purchased, candidate outreach discussions were made to the community, and an election team consisting of volunteers who felt Cayce would exemplify their voice on local affairs formed. Why would Cayce readily assume he did not meet all requirements as a candidate for Detroit's City Council Ward 1? Especially after receiving this letter from Detroit's Election Commission noted below.
|Photo Credit - Marc Cayce (Click on Picture to Enlarge)
We would all agree being subject to scrutiny from the Internal Revenue Service can be an intimidating process.
Famous celebrities have been knocked down to "regular citizen" status while the IRS crosses "T's" and dot "I's" on nearly every piece of financial information. The late Redd Foxx, Sammy Davis, Jr., along with R&B crooner Ronald Isleydanced a dance with the IRS and lost, just to name a few.
Public education in Michigan is under attack. Yes, its easy to write this line. The facts leading to this conclusion are simple as instructions to make a delicious apple pie to follow, so let's start shall we.
On January 15th, 2013 Independent Underground News & Talk spoke with former President George W. Bush Assistant Secretary of Education Dr. Diane Ravitch about the effort to privatize public education in Michigan by Lansing politicians.
Listen to this ground breaking interview below:
What is GAAP for those who do not know, "GAAP are imposed on companies so that investors have a minimum level of consistency in the financial statements they use when analyzing companies for investment purposes. GAAP cover such things as revenue recognition, balance sheet item classification and outstanding share measurements. Companies are expected to follow GAAP rules when reporting their financial data via financial statements. If a financial statement is not prepared using GAAP principles, be very wary!," (Investopedia, 2013).
As a graduate student on the verge later this year of receiving my Masters of Business Administration, when I read this Op/Ed and/or Press Release by Mr. Barrow, one part immediately stood out was the issuing of bonds, or in this case municipal bonds. When a entity, and in this case the entity is a City, issues bonds the financial instruments are not denoted as debts on a balance sheet but are long-term liabilities. Yet surprisingly for the State of Michigan's Republican dominated Government "magical accounting standards" bonds issuance denotes present debts regardless to the fact Detroit's bonds have not been called.
Just for clarification again, a municipal bond is a investment security issued by a locality to generate revenue. Organizations who invest in the bond should know, if they have a half-way decent financial advisor, that although a bond generally carries less risk than purchasing stock, a risk-loss factor inherently exist with any investment. More information about a Bond Risk Value can be found here.
"All investments offer a balance between risk and potential return. The risk is the chance that you will lose some or all the money you invest. The return is the money you stand to make on the investment.
"The balance between risk and return varies by the type of investment, the entity that issues it, the state of the economy and the cycle of the securities markets. As a general rule, to earn the higher returns, you have to take greater risk. Conversely, the least risky investments also have the lowest returns.
The bond market is no exception to this rule. Bonds in general are considered less risky than stocks for several reasons:
*Bonds carry the promise of their issuer to return the face value of the security to the holder at maturity; stocks have no such promise from their issuer.
*Most bonds pay investors a fixed rate of interest income that is also backed by a promise from the issuer. Stocks sometimes pay dividends, but their issuer has no obligation to make these payments to shareholders, (The Securities Industry and Financial Markets Association, 2010)."
Either way, please keep these thoughts in mind as you read the below post by Tom Barrow. Information on Mr. Barrow's expertise in Accounting subjects can be found here.
On December 28th local journalistic resource Detroit Free Press accepted Michigan resident Dick Devos' Opinion/Editorial piece. This is a written the below response, to Devos' article.
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