Bunker Mulligan "Let us endeavor so to live that when we come to die even the undertaker will be sorry." ~Mark Twain

March 11, 2005

Bankruptcy Reform Act

Filed under: Government — Bunker @ 6:40 am

With all the wailing and moaning about HR685, Bankruptcy Abuse Prevention and Consumer Protection Act, I thought I would wander over to Thomas to see what it says for myself.

What I found was a typical Congressional document of 258 sections (quick count, +/- 5 sections accuracy) and 502 PDF pages. What do you think the odds are that any legislator read it completely, even the sponsors?

My understanding of the bill (an overview is here written by Paul Stewart Snyder, an attorney in Kentucky) is that it makes it much harder to file Chapter 7 bankruptcy, and more people will have to file for Chapter 13 instead. Chapter 7 allows the debtor to simply dump all debt. Chapter 13 requires at least some repayment.

Additionally,

Before anyone can file bankruptcy under the Bankruptcy Reform Act, they must receive a certificate from an APPROVED non-profit credit counseling agency that states that they have received a briefing on opportunities for available credit counseling and have been assisted in performing an individual budget analysis.

Is that a bad thing? For folks with huge credit card debt, it may be their best opportunity to learn.

Many of the complaints revolve around credit card companies, as they have spent a lot of money pushing for this legislation. I believe in personal responsibility, and there are avenues for bypassing some of the problems with credit cards if people aren’t carrying around a dozen of them. The marketing of cards at low rates makes it fairly simple to replace a high-interest card with a different one and transfer a balance unless you already have cards from every single creditor in the business. That is the bigger issue. The number of credit card companies is in continual decline. MBNA, CitiCorp, NationsBank. There aren’t many more. And they certainly won’t transfer high-interest debt from one of their cards to another.

From what I can see, the law is nowhere near as pernicious as some would have us believe. It attempts to restrict the ability of people to simply walk away from their debts, and limits the frequency of doing that. When you look at people like Donald Trump who live off other people’s money and bankrupt everything they touch, it is probably a good thing.

And if you don’t like the new law, you’d best look at filing under the current ones:

Most of the provisions of the Bankruptcy Reform Act will not take effect until 6 months after the date President Bush signs it into law. You have that long to get your finances in order and decide if you need to file bankruptcy.

March 10, 2005

Pregnant advertising

Filed under: Society-Culture — Bunker @ 11:34 am

Why is it legal for a woman to rent her pregnant belly, but not other parts of her anatomy?

Accountability

Filed under: Media,Politics — Bunker @ 7:38 am

Politicians, newspapers, celebrities, and major television networks all claim that blogs are not accountable in the same way they are. That is true. It is also disingenuous. Blogs are certainly accountable, and in ways far more direct and dynamically than are those other entities.

If you were to ask a newspaper’s leadership how they are more accountable than are blogs, you would probably hear a list of accountability something like this:

“A reporter is accountable to his editor. The editor is accountable to the publisher. The publisher is accountable to the owner. The owner is accountable to the advertisers”

Who is missing from that list? Readers. Same for television news. Without readers/viewers, advertisers don’t pay.

Governor Rick Perry’s spokesman made it clear the other day that politicians in Austin, like politicians everywhere, don’t like being questioned without having some control over the questioning.

“The general public has to realize on blogs . . . there are no controls on accuracy or honesty. And there’s no accountability.

“People need to be very careful with what they read in the blogs. Most blogs seem to be run with a pretty severe liberal bent.”

Obviously, they don’t read blogs. If you want a severe liberal bent, you can find it. You can also find a severe conservative bent. And everything in between.

What controls on accuracy and honesty do you want? Mine are based on personal integrity. I won’t write anything I know to be false. Nor will I write on something I have doubts about, or something I know little about without stating I have doubts or too little information. Failing to do that, I can expect rapid response from readers with more knowledge than I have. And the ultimate accountability in the blogosphere is someone linking to an error on their own site and telling the entire world how stupid you are! The other seven million bloggers pretty much follow that same standard, regardless of political leanings. The percentage of bloggers who don’t is far smaller than that percentage in traditional media.

That’s nothing new, of course. Since the beginnings of this Nation, politicians have been taken to task by the people. As newspapers became the prevalent mode of distributing information, journalists took charge of the political discourse as their own turf. They did it in much the same way as blogs are now doing. Editors became, in their minds, Don Quixote armed with a press. In revolutionary France, journalists were the “Fourth Estate,” taking their place alongside the aristocrats, clergy, and citizens. MSM believe themselves to still hold that place, separate from the rest of us.

They have forgotten their roots, as have the politicians. Bloggers are Thomas Paines with keyboards and electrons and phosphors. Paine was accountable to his readers, and nobody else. So are we.

Politicians and MSM are having difficulty coming to grips with this new paradigm (I hate that word, but it fits). Their relationship, built over the years, is being called into question. So is their collective reputation. No longer can a politician with good press relationships (Kerry, McCain, Byrd) see his own missteps covered up. Nor can a politician with bad press relationships (Dubya) be taken to task without accusations being questioned (Rather). Bloggers quickly find chinks in their armor and a swarm develops.

Is that good? For the most part, yes. It can also cause harm. And that is something we need to watch.

But the Digital Gazette is a self-correcting entity. Those who make personal attack and unfounded innuendo their foundation will soon be shunned except by those who are virulently hard-core like themselves. Readers. Accountability.

Phony Soldiers

Filed under: Media,Military — Bunker @ 5:53 am

Why do bloggers hold many in MSM in contempt? Perhaps this local news station’s story holds a clue:

A former U.S. Marine who participated in capturing ousted Iraqi President Saddam Hussein said the public version of his capture was fabricated.

If you dig a little deeper, as do many bloggers, the story has many more facets.

“Later on, a military production team fabricated the film of Saddam’s capture in a hole, which was in fact a deserted well,” Abou Rabeh said.

Abou Rabeh was interviewed in Lebanon.

I think I would have been just a little suspicious.

March 9, 2005

Bluebonnets

Filed under: General — Bunker @ 5:39 am

Last weekend we went to Bandera and looked at property along the Medina River. Beautiful.

Something else quite beautiful is poking its collective head above ground this week–wildflowers. All along highways of Texas. Especially bluebonnets. I didn’t have my camera with me, but Pattie has some photos.

March 8, 2005

My Favorite President

Filed under: Society-Culture — Bunker @ 5:11 pm

I’ve always seen a some of Theodore Roosevelt in Dubya. If you know little about Teddy, or simply want to know more, you should read The manliness of Theodore Roosevelt at the New Criterion. Then, if you want to learn even more, check my reading list in the left column and go to Amazon for Theodore Rex for the full story on his presidency.

It was a good one.

To the Front

Filed under: Military — Bunker @ 4:13 pm

Heroes.

Army S/Sgt. Daniel Metzdorf figured his career as an infantryman was over when he lost his right leg to a roadside bomb in Iraq in January 2004. But back at Walter Reed Army Medical Hospital, Metzdorf saw other amputees ambling by on high-tech prosthetic legs and had a crazy idea: he wanted to go back into battle with the 82nd Airborne.

Do you want to know what dedication and self-confidence look like? Read the article.

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