Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Friday, September 28, 2007
This morning, out for my morning jaunt in the dark, it was truly spectacular.
The air was clear. The air was dry. Mars twinkled overhead with the reddish tint it is known for.
The moon hung to the west. Like the days of old when I would come up over LaJolla Village Drive to head into 875 Prospect in LaJolla and go to work at Drexel Burnham Lambert. Heading into work when the world was asleep and sleepy LaJolla was slumbering, the moon hanging over the ocean and casting a beautiful MOON GLOW on the expansive Pacific. Calming. It was my friend. It was always special. I tried always to never take it for granted.
This morning in the moonlight were migrating birds. Hundreds if not thousands chirping as they moved south. The migration is here. One can set their watch by those migrating birds almost to the week. And by the moon, almost to the day.
Wednesday, September 26, 2007
The Beaverton-based company says the Air Native N7 is designed with a larger fit for the distinct foot shape of American Indians, and has a culturally specific look. It will be distributed solely to American Indians; tribal wellness programs and tribal schools nationwide will be able to purchase the shoe at wholesale price and then pass it along to individuals, often at no cost.
"Nike is aware of the growing health issues facing Native Americans," said Sam McCracken, manager of Nike's Native American Business program. "We are stepping up our commitment ... to elevate the issue of Native American health and wellness."
Nike said it is the first time it has designed a shoe for a specific race or ethnicity. It said all profits from the sale of the shoe will be reinvested in health programs for tribal lands, where problems with obesity, diabetes and related conditions are near epidemic levels in some tribes.
Nike designers and researchers looked at the feet of more than 200 people from more than 70 tribes nationwide and found that in general, American Indians have a much wider and taller foot than the average shoe accommodates. The average shoe width of men and women measured was three width sizes larger than the standard Nike shoe.
Tuesday, September 25, 2007
Yes, it's just another media person trying to go from hicksville to the limelight.
The wrong way.
Monday, September 24, 2007
Now, I don't understand the major fuss of the dreaded word "nigger" in the black community. The fuss should be on getting out of poverty, getting an education, living clean without addictions and achieving success. All things that Native American reservations still struggle with today. Whether you are "urban" or "prairie" you best let those words roll off you like water off a duck.
To worry about what someone says about you is a great waste of time. Wasting time is what I worry about. I need to sleep less and live more every day. The best is yet to come.
Saturday, September 22, 2007
Thursday, September 20, 2007
Think there's any relationship to the loss of over $480,000,000 of Morgan Stanley shareholder assets by their quantitative stock trading strategies unit in the last 90 days? Just kidding on the relationship, it takes time to generate that kind of loss by a retail broker pitching the latest product de jour that emanates from their marketing department that has nothing to do with making clients money and everything to do with generating flow, commissions and hidden fees.
Mr. Mack has enough skeletons in his closet with the SEC and Pequot. How that story has been hushed is enough for a book.
Wall Street wants your money folks..........invest with them at your own risk.
On another note, these political hacks haven't mentioned criminal immigration in so long it defies common sense. They and the media won't mention a thing for the next 55 days until the election is over. Is there anyone left that really wants to do the right thing for this country or do the special interests now control the purse strings and minds of America? The older I get the more I realize how great this nation truly is and how resilient it is against such giant assholes running it and making laws. They won't abolish the AMT, they won't change the tax code and they won't even mention the words "social security reform" in an election year.
Truly gutless wonders.
Wednesday, September 19, 2007
Out of the hundreds and hundreds of millions his firm sucked out of the "public" coffers of common shareholders he was fined a measly $8 million.
Where is the SEC, the supposed protector and champion of the little guy?
Nowhere in sight. The beat goes ladies and gentlemen. Wall Street wants your $$$.
Tuesday, September 18, 2007
He used the example of a single mother who pays income taxes and sales taxes, then retires and has her Social Security benefit taxed.
"Meanwhile, her boss's investments get taxed at a lower rate, and the corporation she works for has all kinds of loopholes built into the tax code because they've got lobbyists in Washington sticking up for their interests," Obama said. "It's time for that to change. It's time for Americans to have a president in the Oval Office who makes decisions based on their interest, not the special interests."
Obama's 20-minute speech included much of that populist rhetoric combined with more detail about each of his tax cut proposals. But he spent just one minute skimming over how he would pay for it and neither he nor his campaign provided a breakdown of the revenue his plan would raise.
Obama's campaign said he would pay for his proposals by closing corporate tax loopholes, cracking down on international tax havens and raising the top rate on capital gains and dividends. But the campaign did not say how much each of those proposals would generate.
When Obama announced his health care plan in May, his campaign said he could pay for it by rolling back several Bush tax cuts that benefit the wealthy. That included restoring the top rate on investments to pre-Bush levels: 20 percent for capital gains and 39.6 percent for dividends.
Now Obama's advisers say they have more than enough revenue from other sources to pay for his health care plan and the capital gains and dividends increase can be used in part to fund the tax plan. However, they could not say how much that would raise or exactly how high Obama would raise them except that the top rate for both would be between 20 percent and 28 percent — the rate President Reagan set in 1986.
Obama's campaign also didn't say how much each of his proposals would cost, only that the total would be between $80 billion and $85 billion each year when fully implemented.
They said the largest cost would be for a "Making Work Pay" credit that would offset payroll taxes on the first $8,100 of earnings, generating up to $500 per person or $1,000 per family. The campaign said that would eliminate income taxes for 10 million classified as low income.
The campaign also said the credit would phase out for wealthier taxpayers, but wouldn't say what the income cutoff would be.
Obama said more people who own their homes should get relief from mortgage payments. The current mortgage interest deduction only goes to those who itemize their taxes, while Obama would create a universal mortgage credit of 10 percent of interest payments that the campaign says would benefit an additional 10 million homeowners.
The campaign said Obama's plan to eliminate taxes on seniors making less than $50,000 annually would mean 22 million elderly would no longer need to file an income tax return or hire a tax preparer.
Additionally, the IRS would send prefilled tax forms to 40 million workers who take the standard deduction and have a bank account. They would simply have to sign and return it, which Obama estimates would save more than $2 billion in tax preparer fees, 200 million hours of work and "an incalculable amount of headache and heartburn."
Republican National Committee spokeswoman Lisa Miller tried to raise doubts that Obama would be a tax cutter.
"In their '08 Budget proposal, Obama and his Democrat colleagues are proposing the largest tax increase in the history of our country, but while on the campaign trail he promises $80 billion in relief," Miller said. "Which Obama should we believe?"
On Friday, September 7, Congress adopted legislation that will significantly increase student financial aid to low- and moderate-income college students, providing the single largest increase in college aid since the GI bill. The College Cost Reduction and Access Act, H.R. 2669, will cut federal subsidies for private lenders in order to increase Pell grants, reform student loans and increase the number of teachers in challenging schools. The legislation increases college financial aid by approximately $20 billion over the next five years, paid for by reducing excessive federal subsidies to lenders in the college loan industry.
According to the House Committee on Education and Labor, specific provisions of the bill include:
Cutting interest rates in half on subsidized student loans over the next four years, saving the average student $4,400 over the life of their loan.
Making student loan payments more manageable for borrowers by guaranteeing that borrowers will not have to pay more than 15 percent of their discretionary income in loan repayments, and allowing borrowers to have their loans forgiven after 25 years.
Increasing the maximum Pell Grant scholarship to $5400 over the next five years, up from $4050 in 2006. Pell Grant scholarships will receive an overall increase of nearly $12 billion, almost double the investment of H.R. 2669.
Expanding eligibility through needs analysis to include and serve more students with financial need.
Eliminating tuition sensitivity to help the neediest students at the most cost efficient schools.
Providing upfront tuition assistance to qualified undergraduate students who commit to teaching in public schools in high-poverty communities or high-need subject areas.
Providing loan forgiveness after 10 years for public servants, including military service members, first responders, firefighters, nurses, public defenders, early childhood educators, librarians, and others.
The legislation was sent to the President who has announced he will sign the bill into law.
They had a great time, but after all the hearty partying, they slept all day Sunday and didn't make it back to Duke until early Monday morning. Rather than taking the final then, they decided that after the final they would explain to their professor why they missed it.
They said that they visited friends but on the way back they had a flat tire. As a result, they missed the final. The professor agreed they could make up the final the next day. The guys were excited and relieved. They studied that night for the exam.
The Professor placed them in separate rooms and gave them a test booklet. They quickly answered the first problem worth 5 points. Cool, they thought!
Each one in separate rooms, thinking this was going to be easy.... then they turned the page.
On the second page was written....
For 95 points: Which tire?
Monday, September 17, 2007
And to be fair without thinking I am anti-Clinton, I might mention Greenspan is right on with his assessment of the lack of fiscal discipline in our elected leadership. You can rest assured I will not vote for any national incumbents this fall. The state of our nation that W has left us in with respect to our deficits, spending and military presence in Iraq is pure politics.
There is no victory in Iraq. Never will be. They only want to talk about "success" in Iraq. Let me tell you what success would be. Admitting we made a mistake to the tune of $300,000,000,000 and over 3,000 great Americans, holding onto the Iraqi oil fields and getting out of there faster than Bill Clinton headed down on an intern.
A CNBC commentator, Larry Kudlow pointed out that if all that money were sent to each person in the Gulf region everyone would have gotten a check for $425,000.
Not bad work if you can get it.
Sunday, September 16, 2007
There is no accountability, very little done in the way of clean audits (just look at what the Defense Dept. done with their audits) that have made the Budget Office proud.
Greenspan says it best in his new book. Greenspan, 81, ran the Fed for 18 1/2 years and was the second-longest serving chief. He served under four presidents, starting with his initial nomination by Ronald Reagan.
The ex-Fed chief writes that he regrets the loss of fiscal discipline under Bush.
"'Deficits don't matter,' to my chagrin, became part of Republicans' rhetoric."
Greenspan long has argued that persistent budget deficits pose a danger to the economy over the long run.
At the Fed, he repeatedly urged Congress to put back in place a budget mechanism that requires any new spending increases or tax cuts to be offset by spending reductions or tax increases.
Large projected surpluses were the basis for Bush's $1.35 trillion, 10-year tax cut approved in the summer of 2001.
Budget experts projected the government would run a whopping $5.6 trillion worth of surpluses over the subsequent decade after the cuts. Those surpluses, the basis for Bush's campaign promises of a tax cut, never materialized.
"In the revised world of growing deficits, the goals were no longer entirely appropriate," Greenspan noted. Bush, he said, stuck with his campaign promises anyway. "Most troubling to me was the readiness of both Congress and the administration to abandon fiscal discipline."
Saturday, September 15, 2007
As a member of the White Earth Band of Chippewa I grew up on many reservations across Montana, North Dakota and South Dakota. Back then, there were no game laws on those reservations and most reservations had no game/fish codes. I witnessed alot of ugliness where wildlife was involved. From guys running snow machines into elk herds up in the Big Horns on the Crow Reservation in Montana and gunning down a couple dozen elk in deep snow to the spotlighters running nightly routes along the Missouri River on the Yankton Sioux reservation. As wildlife regulations came into place on many reservations, it was the reservation game wardens themselves who became the biggest poachers. They had the time and money. One of the greatest success stories in the history of mule deer is what happened on the Jicarilla reservation with the tribe hiring Tom Watts and doing what they had to do, shutting down the hunting of mule deer by tribal/non-tribal members and geting a very aggressive mountain lion eradication effort going. I am sure Larson Panzee would agree! He's a huge tribal beneficiary of that program. I am the only guy probably on earth who spent an awesome January day on the Jicarilla after a fresh snowfall trying to photograph monster mulies and only saw does.
With tribal gaming bringing in more revenue to tribes there is probably more money around to fuel law suits. Most states don't want to entangle themselves in legal battles with tribes. The US Supreme Court has weighed in often enough about tribal sovereignty. Very few, if any tribes have hunting programs in place like the White Mountain Apache in Arizona where $12,000 bull tags are the norm.
The issues are many and varied with enough legal and ethical issues around to fuel both sides of the fight. There have been rock solid issues discussed in this thread. True, there is no way to make reparations for the wrongs from long ago. Yes, the herds need protection. Finding the common good will be the answer. I don't have it. Maybe it won't happen in our lifetimes. Until the tribes want to successfully manage their members and the resource it won't happen. Tribal court systems on many reservations are an absolute joke. Tribal judges won't get the job done in most cases. I have seen the look on an elders eyes light up when I would bring a deer to an old couple on the Pine Ridge reservation in South Dakota . It would be the only fresh meat they would get all year. Maybe those days are past, maybe not. Maybe before we judge we need to look at the other guy and see where his moccassins have taken him. I know I need to do a better job of it. I made it off the reservation. I know life on the outside. To many, that is all there is.
Team Muleys Pro Staff
Friday, September 14, 2007
By Peter Kenney
Agents of the Federal Bureau of Investigation came to Falmouth today seeking to speak with Glenn Marshall, deposed chairman of the Mashpee Wampanoag Tribal Council, whose whereabouts are unknown, according to a reliable source.
Specific allegations appear to center around Marshall's questionable handling of tribal money, alleged misuse of grant funds and potentially improper gratuities from investors in the tribe's future casino ventures.
Marshall's acknowledged false claims of receiving five Purple Hearts and a Silver Star during three combat tours in Vietnam are subject to prosecution under the federal Stolen Valor Act enacted last December. It is also known that at least one member of the tribe has asked the FBI to look into possible criminal misconduct by Marshall while he was tribal council chairman.
A member of the tribe who spoke on condition of anonymity said he believed Marshall was still at the Veterans Administration hospital in Brockton where he checked himself in after an car accident in Falmouth on Aug. 31.
An FBI spokesperson in Boston declined to confirm that the agency is investigating Marshall. Falmouth police also declined to comment.
TUCSON - The embattled chairwoman of the Pascua Yaqui Tribal Council in southern Arizona has been removed from office.
The council voted 7-3 to remove Herminia Frias on Wednesday, a month after suspending her from the post.
Frias was removed based on misconduct charges that she improperly delegated executive authority to her former chief of staff and overreached her elected authority when she fired the tribe's treasurer.
Wednesday, September 12, 2007
Using food as fuel defies the worlds poverty problem. It was never about the fuel, it was only about the money. Former South Dakota Senator Daschle did far more bad than good. Ask any duck hunter.
2. A gun in the hand is better than a cop on the phone.
3. Colt: The original point and click interface.
4. Gun control is not about guns; it's about control.
5. If guns are outlawed, can we use swords?
6. If guns cause crime, then pencils cause misspelled words.
7. Free men do not ask permission to bear arms.
8. If you don't know your rights, you don't have any.
9. Those who trade liberty for security have neither.
10. The United States Constitution (c)1791. All Rights Reserved.
11. What part of "shall not be infringed" do you not understand?
12. The Second Amendment is in place in case the politicians ignore the others.
13. 64,999,987 firearms owners killed no one yesterday.
14. Guns only have two enemies; rust and politicians.
15. Know guns, know peace, know safety. No guns, no peace, no safety.
16. You don't shoot to kill; you shoot to stay alive.
17. 911: Government sponsored Dial-a-Prayer.
18. Assault is a behavior, not a device.
19. Criminals love gun control; it makes their jobs safer..
20. If guns cause crime, then matches cause arson.
21. Only a government that is afraid of its citizens tries to control them.
22. You have only the rights you are willing to fight for.
23. Enforce the gun control laws we ALREADY have; don't make more.
24. When you remove the people's right to bear arms, you create slaves.
25. The American Revolution would never have happened with gun control.
The dissolution is expected to result in a new prime minister, who will be seen as Putin's choice to succeed him after he steps down next spring.
For a guy who is to be barred from the brokerage industry it is ironic the following hype about him appears on his web site.
"The business of this nation is business, and business is best understood as a proxy for war. In the capital markets, we see the raw beauty and danger of our capitalist system. To succeed here, one must be adept at the art of war. For the capital markets are sublime; they beg no quarter and they give none. The markets care not about a person's race, color, sex or creed. Here all are equal until discipline, intelligence, and experience discriminate winner from loser.
Few in fund management have the experience of our team, trading a $37 billion portfolio and heading a 43 man trading desk. Our unmatched experience allows us to follow a highly technical trading strategy in which short positions are as common as long positions in our portfolio. The investment strategy utilizes fundamental analysis, technical analysis, and risk management in seeking superior returns."
Jett only has to return $8.2 million, pay a $200,000 fine and be barred from the brokerage industry. Still kidding nobody.
Tuesday, September 11, 2007
Edmund Burke, statesman
I know that you know where you were exactly 6 years ago this morning.
I know that you know exactly what you were doing when you first heard about the attacks.
May you, I and the rest of America, never, ever forget.
Sunday, September 09, 2007
That's before a single dollar of appearance or advertising money.
I bet the Tiger Woods Foundation, someday, will exceed $1,000,000,000.
I bet that is a bet even Tiger would take.
Friday, September 07, 2007
There are alot of issues represented in that border town. A lot of pain. A lot of wasted Oglala dreams. A lot of human capital destroyed in the bottle.
The once-proud Sioux may never find the answer.
I still dream it will be in my lifetime.
Wednesday, September 05, 2007
Where was the SEC? Where was any regulation in the mortgage market?
And Mr. Bush wants American taxpayers to keep these guys in business?
The concept of personal responsibility seems to have vanished like the passenger pigeon.