
If you are reading this on the day I am posting it, I wish to remind you to greet the morrow with the phrase "Rabbit, rabbit!" so that you will have good luck in the new month.
Ordinarily, I don't remember to do this myself, inasmuch as I often don't know we're no longer in the old month until I have to write a check. (One of the joys of retirement is not always knowing what day it is---and not caring. "Oh, is it April now? Whoa!")
I also fail to utter the magical words because they are supposed to be the first ones out of your mouth on the first day of the month, and my first words of any day are commonly addressed to one of the cats sharing the bed, as in "Sidney, get off my face!" or "Shut up, Lilith---it's only 6:30!"
According to the purists at Wikipedia, the phrase is "Rabbit, rabbit, white rabbit," meaning the little brown babies at right may not be efficacious in bringing you good fortune. Phooey, I say; rabbits of any hue symbolize April as fittingly as a black cat symbolizes Halloween. Hoppy Spring!
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Not-So-Funny-Business
Mentally riffling through my reading materials of the past week or so, I can only plead, Spare us, O Lord, from the candidate for public office who pledges to "run government like a business." Out of the depths of a tanking economy I cry unto Thee, What is wrong with running government like government? Preferably an open, transparent government of, by, and for the people from whom its powers are derived...
The usual mantra of those who would turn the halls of government into an executive boardroom, the adherents of the "What's good for General Motors is good for the country" philosophy, is the claim that those from the loftiest echelons of commerce are the fittest to root out ineffiency and waste, thereby enabling lower taxes for captains of industry such as themselves. Taxpayers are not citizens, they are shareholders, and naturally, those who own the most shares get the biggest dividends.
Let's hear it, fellas, just like Calvin Coolidge taught you in 1925: "The chief business of the
American people is business."
Oh? And what business would that be? Bear Stearns? Enron? Countrywide Financial?
Which CEO should the elected official take as his model? Jack Welch of General Electric? E. Stanley O'Neal of Merrill Lynch? Robert Nardelli, who was booted from Home Depot for rewarding himself handsomely while the company came near to circling the drain, yet who now heads Chrysler Corporation? Dennis Kozlowski of Tyco International? Surely you recall the $60,000 shower curtain and the ice sculptures peeing vodka at his wife's 40th birthday party in Crete?
To be fair, these spiritual defendants of Gordon "Greed is good" Gecko are yesteryear's news.
According to the past week's news reports, however, their spirit lives on. To wit:
- Efraim Diveroli, a 22-year-old entrepreneur, whose AEY Inc. managed to score a nearly $300 million Defense Department -contract to supply munitions to the Afghanistan army and police. The ammunition was more than 40 years old, much of it useless, and manufactured in China, which is a possible violation of U.S. law.
- Gary M. Milby, president of Mid-America Energy, Inc., who is under SEC investigation for peddling more than $19 million in bogus gas and oil limited partnerships, some $12 million of which wound up in offshore accounts and family trusts.
- ICF International, a Fairfax, VA, private contractor, which ran the $11 billion Road Home housing grant program for Hurricane Katrina victims, and which now says it wants the government to hire a collections agency to get back several millions in overpayments to people who weren't entitled to get any payment at all, while others who qualified for grants got nothing. (Heckuva job, Brownie!)
- Blackwater Worldwide, which along with its Halliburton and KBR cronies has taken the U.S. taxpayer for billions in no-bid war contracts. Most recently, Blackwater has tried to claim that its 850 operatives in Iraq are independent contractors, not employees. This claim would enable them to avoid paying more than $50 million in U.S. payroll taxes.
Not all of my reading has been in the daily press, however. This being annual meeting/annual report season, I have found highly interesting reading in the proxy materials I receive, particularly those shareholder proposals that the board of directors recommend a vote against. Almost to a corporation, the directors get prickly when shareholders show inconvenient curiosity about executive compensation and stock options, global warming and environmental policies, political contributions, and human rights in countries with which the corporation does business. This lack of transparency is strangely familiar.
Oh, wait... there's an M.B.A. in the White House.



