The recent news about Cyprus banks confiscating depositor’s funds sent chills throughout the financial world here and abroad. I couldn’t believe that the plan in Cyprus hinged on the idea that the bank could just steal customer’s funds to balance the bank’s books. I muttered to myself when I read the story that something as crazy as that couldn’t possible happen here in the United States. Unfortunately, I learned that the plan to pull a Cyprus type grab here was already in the works. (more…)
Archive for March, 2013
By Mark Esposito, Guest Blogger
Author’s Note: Grace Under Pressure is an on-going series of posts honoring everyday people who courageously make positive differences in their own lives and consequently in the lives of others. It is my own personal affirmation that unexpected heroes reside among us and that they serve as quiet but unshakable proof that virtue really is its own reward – and ours, too.
Every year, Henrico’s (VA) Deep Run High School holds a dance marathon to help local charities. The event is wildly successful raising over $1 million since its inception in 2007. The kids start their dancing on Friday night and 27 shaking hours later the exhausted participants rightly toast their accomplishment with some donated punch and soft drinks. This year they toasted more than a marathon.
Sophomore Michael Schiavo was the top fund-raiser this year bringing in an impressive $7,161 in donations. But according to Michael, he got a lot more than he gave. Michael suffers from Duchenne Muscular Dystrophy. DMD is a genetic based dystrophy that attacks 1 in 3600 boys. It usually manifests itself in infancy and causes a wasting away of muscle tissue that is replaced with fat and fibrotic tissue leading to fibrosis. The average life expectancy for patients afflicted with DMD is around 25.
Submitted by: Mike Spindell, guest blogger
To some of us the transition from slave to citizenship by those Africans brought in chains to these shores for economic exploitation and horrific abuse ended with the “Emancipation Proclamation”. To others its’ end might have been marked by “Brown v. Board of Education”, or by the 1964 Civil Rights Act. Those of somewhat more insightful bent may have said that the true emancipation occurred when Barack Obama was elected President in 2008. In my view, as much of an impact as all those milestones (and more such as Jackie Robinson i.e.) made to American consciousness, Black people in the United States clearly still lack the benefits and rewards of citizenship. I would go further and say that in the United States, at this time; most Black people still suffer the degradation and challenges brought about by both institutional and emotional racism. This is not to say that in our country other groups, such as Latino’s and Native Americans are free of oppressive prejudice, but to assert that given their history in this country Black people are slotted into the bottom of the economic and social ladder and are still struggling to obtain even those most minimal of rights that most Americans see as their birthright. (more…)
-Submitted by David Drumm (Nal), Guest Blogger
On Tuesday, the Supreme Court heard oral arguments in the other same-sex marriage case, Hollingsworth v. Perrry, a case involving California’s voter approved ban on gay marriage, also known as Prop 8. UCLA professor of constitutional law Adam Winkler reminds us that oral arguments is the time when justices “hostile to a lawyer’s argument often reveal their disagreement through penetrating—sometimes devastating—questions.” Sometimes penetrating, sometimes devastating, and sometimes the court is not pleased.