Subprime mean below prime, right?

When former Treasury Secretary John Snow dropped by the Miller Center last week, he spent a couple of minutes talking about the subprime collapse and the current credit crunch. I’ve spent some time talking to some financial folks about the machinations of how this all happened, and they’ve been helpful.

But if you’re like me, it’s hard to have anything past a vague understanding of what happened and why. And that’s where This American Life comes in. No, seriously.

TAL devoted an entire hour to explaining the mortgage meltdown (can someone please come up with some other alliterative phrase to described this shit?). That it takes an entire hour to give an overview should say something about the thing.

While at the Miller Center, Snow made it clear that he doesn’t think we’re going to see an end to the correction for a long while. Not that this is going to affect the chairman of Cerberus. Unless, of course, people suddenly stop buying gas-guzzling SUVs.

The coming of Japanese flair

For some ungodly reason, Kenny G and his hair will be in town this Sunday. And while I do have to pass on sitting through his smooth jazz stylings, it would almost be worth going to the show just to see what a Kenny G crowd looks like. Something tells me he’s going to draw a good-sized crowd in Charlottesville.

Anyway, all this thinking about Mr. G led me to The Smoking Gun, where a copy of his rider resides. If you haven’t checked out these things, they’re well worth blowing off an afternoon of work to see what weird (and precise) shit people request to play a show.

Mr. G requires five rooms, according the rider, one of which must be equipped with, among other things, two eight-foot tables (with table cloths), two lamps, a clothes rack with hangers, 12 towels, large clean floor carpet and—I’m quoting here—"fresh floral arrangement with Japanese flair."

Look, I know these folks have to be specific in their requests because for the first 10 years of their careers they got dicked around. But Japanese flair seems a little, I don’t know, specific. Which leads me to this question: What happens if Mr. G walks into a dressing room that includes a floral arraignment with Indochinese flair?

One can only imagine he storms throughout the room, destroying things, screaming "Too far west! Too far west!"

Oh, and if you have committed to  want to read what officially is the most entertaining rider in the distinguished history of riders, please read Iggy Pop’s. The only way to describe it is as an 18-page stream of conscious from a very Iggy conscious.

A glimpse into waitlist hell

Damn, man. It’s a seriously heartbreaking and maddening experience to troll through the comments left on the "Waitlisted at UVA" post on UVA’s admissions blog. I’ve got a story coming out tomorrow about the blog and its writer, Jeannine Lalonde. After a quick look at it, it becomes pretty amazing the amount of work that goes into something like that.

The majority of the posts are raw, kids venting after being waitlisted, with some even-tempered ones thrown in for good measure. Here’s a sample:

"I too received a likely letter, and shamefully admit that after comparing myself to admitted students, I am confused why I was waitlisted. It’s almost as if I should have goofed off during high school instead of working myself to death. Go figure.


"ah well. ill take the spot, but looks like im gonna either be a blue hen, nittany lion, hokie, or patriot"


"im livid, im upset, and im confused. I feel rejected and even though everyone says theres a "shot" there doesnt seem to be.

As bad as it sounds all i can do is compare myself to the people with considerably lower qualifications who probably got in because they filled a quota or had some rich alumni relation.

i hate this.

but i still want in.."


"My heart goes out to all of the students who have been waitlisted or denied acceptance by UVA. As the parent of a waitlister I am seeing all sorts of emotions: disbelief (when comparing accomplishments to peers who were accepted), dejection, and anger. It has been an interesting ride since last night. Stats: 2000 SATs, 3.8 GPA, all IBs, varsity sports, a few select academic extra curricular activities, and a GREAT kid to boot! UVA does not have a crystal ball and they can’t be expected to be privy to all those details that make each of you so special. I had told my waitlister that it would be a crap shoot getting into UVA (but it fell on deaf ears). This too shall pass and I know that he will be a superstar no matter where he ends up. As will all of you. Lick your wounds, decide #2 pick, and give it your all. Now, go enjoy the day…it is gorgeous today in NOVA!"

I felt more annoyed as I made my way down the comments. So many kids quick to blame somebody else for what is, for a lot of them, their first encounters with failure. So much blind ambition. So little flexibility and curiosity. It took me back to my TA’ing days.

But man, it’s hard not to feel some compassion too. Kids that worked their asses off at someone else’s game with the expectation that they’d inevitably be rewarded. Hopefully when they get to college, wherever they end up, they’ll devote that energy into things they feel passionate about and look at the achievement ladder with a little more skepticism.

If you’re going to panhandle, you gotta know the rules

NBC 29 had a story a couple of days back about people sitting on the mall, asking you for money. Apparently there is city code for this sort of thing. Take it away, 29:

"Now the question has become one of rules. Section 2831 of the city code spells out what can and cannot be done. According to the code, panhandlers can’t be aggressive in their approach. For example, they cannot make physical contact or use obscene language.

It’s illegal to panhandle in public transportation or at a station or stop. Panhandlers have to be 15 feet away from a bank or ATM. They also can’t solicit in outdoor cafes or on private property."

Apparently the city has also set up some panhandling-free zones, four intersections to be exact. You can’t panhandle within 300 feet of Emmet and Barracks, Emmet and Hydraulic, the Free Bridge, and Main Street and Ridge/McIntire.

Working on the Mall, I get hit up for change roughly once or twice a day. And I can say with great certainty that Charlottesville has the most polite panhandlers of any city I’ve lived in. Perhaps they’ve read the city code.

Really, the most aggressive guy I’ve met wasn’t so much aggressive as passive-aggressive.  A couple of mornings ago, I was walking to get some coffee. I had two dollars on my person (end of the month, you know?). Weathered-Looking Bearded Guy is hunched motionless under an umbrella in front of the old A &N store. I walk past, wondering if he’s dead.

He is not. He asked for some change.

And here I messed up. I lied. I said I didn’t have any, which was true in a way, because without at least two cups of $1 coffee my cortical synapses don’t transmit for shit, in so many words. But I did have money right then. I had an extra dollar. Usually, if I can’t spare any money, I tell folks, sorry, I can’t help you out right now.

He goes back to looking dead. I go grab a coffee. And a minute later, I walk past him, cup in my hand. He shows signs of life once again, muttering loudly about liars and such in that way people have of talking about you without having to talk to you.

So, sorry Weathered-Looking Bearded Guy. I shouldn’t have lied to you. I should have told you that I was a little short then. But you kind of startled me by being alive.

World financial leaders to invade Charlottesville

This September, Charlottesville will become ground zero for global financial leaders. The Miller Center of Public Affairs at UVA announced today that it will host The New Financial Architecture: A Global Summit on September 7-9.

Former Treasury Secretary John Snow, now the Chairman of Cerberus Capital, will participate with more than 12 former financial ministers from Europe, Asia, Africa, South America and the Middle East. For three days, these financial leaders, who represent three quarters of worldwide economic activity, will tackle the issues involved with Sovereign Wealth Funds, global financial stability, changes in the world economic power and influence, the credit crunch and the future of the new financial architecture.


Former Treasury Secretary John Snow (left), pictured with Miller Center Director Gerald Baliles, has invited some of his pals to Charlottesville to wax poetic on global economies.

Both Snow and Miller Center Director and former governor Gerald Baliles said that these financial leaders will come unfettered by official government positions and therefore will be able to address these issues in a more open and honest way.

The summit will be covered by CNBC and is scheduled a month prior to the fall meetings of the World Bank and International Monetary Fund. At its conclusion, summit participants will issue a joint statement that assesses global economic challenges and offers ways to address them. The Center is billing the delegate’s recommendations as "a blue print for global and economic management in the 21st century."

News Quiz, the answers

1. Where does most milk bought in this area come from?
    a. Nebraska.
    b. Virginia.
    c. New England.
    d. Underground milk black markets.

2. How much would a wind turbine for individual properties run you?
    a. $5,000.
    b. $10,000.
    c. Surely no more than $25,000 … right?
    d. $30,000!

3. Who will knock the UVA tennis team out of the NCAA tournament next year?
    a. Georgia.
    b. Valparaiso.
    c. Reconstituted USSR team.
    c. Reconstituted Jimmy Connors.
  

News Quiz

Answers to follow. As always, a vegan hotdog to the first person who leaves three correct answers in the comments.

1. Where does most milk bought in this area come from?
    a. Nebraska.
    b. Virginia.
    c. New England.
    d. Underground milk black markets.

2. How much would a wind turbine for individual properties run you?
    a. $5,000.
    b. $10,000.
    c. Surely no more than $25,000 … right?
    d. $30,000!

3. Who will knock the UVA tennis team out of the NCAA tournament next year?
    a. Georgia.
    b. Valparaiso.
    c. Reconstituted USSR team.
    c. Reconstituted Jimmy Connors.
   

Categories
News

Grading the presidential candidates on sex ed

If you care either way about the current state of sexual education, you shouldn’t have a hard choice between John McCain and the two remaining Democratic candidates, Hillary Clinton and Barack Obama.

Both Obama and Clinton wracked up 100-percent pro-choice voting records with the Planned Parenthood Action Fund on issues that range from sexual education programs to family-planning services. McCain, on the other hand, scored a big fat zero. But the issue that offers one of the starkest contrasts between Democrat and Republican is sex education.


You think John McCain is moderate on sex ed issues? Think again, says Becky Reid of Planned Parenthood Advocates of Virginia.

Playing around with sex ed
One girl in four has an STI. Something has to change.

Facts about and symptoms of common STIs
HPV, Chlamydia, Genital herpes and Trichomoniasis

For more information…
Organizations and articles on the Web

“It’s a very clear divide there, as well as on the range of issues relating to teen and women’s reproductive health,” says Becky Reid, lead grassroots organizer for Planned Parenthood Advocates of Virginia.

According to Planned Parenthood, federal and state governments have spent $1.5 billion on abstinence-only programs. A Mathematica Policy Research study, conducted at the request of the U.S. Department of Health and Human Services, found that kids who received abstinence-only education were no more likely to have abstained from sex. They also reported having had sex with a similar number of partners, and becoming sexually active at the same age as children who had not been in the programs.

Reid calls abstinence-only programs “a billion-dollar failure.”

“Both Senators Obama and Clinton have called to stop funding those programs and redirect funding to research-based, medically accurate comprehensive sexual education programs, which include abstinence,” she says.

McCain’s record put him on the other side of the issue. He supports abstinence-only education. He also has come out in support of overturning Roe V. Wade, a position that he has reversed in recent years.

“A lot of people think John McCain is moderate on these issues,” Reid says, “and he is absolutely not.”

The Democratic candidates’ positions on sex education mirror each other. Both have sponsored prevention package legislation to reduce unintended pregnancies and the spread of sexually transmitted infections.

“There are no differences there to parse out,” says Reid.

In Re: Dept. of Hyperbolic Questions

Regarding my old (and overly quick) post on the U.S. Senate’s vote on Ledbetter v. Goodyear, Charlottesville writer Dahlia Lithwick has a must-read piece in Slate. She sums up the opponents of the bill to overturn the Supreme Court ruling thusly:

"Many of the Republicans who blocked the vote to reinstate the original reading of Title VII claimed they were doing so to protect women—read ‘stupid women’—from the greedy clutches of unprincipled plaintiffs’ attorneys and from women’s own stupid inclination to sit around for years—decades even—while being screwed over financially before they bring suit. That means they were, in effect, just protecting us from the dangerous laws that protect us. Whew."

And as for Republican presidential hopeful Senator John McCain, Lithwick has this to say about The Maverick:

"All of which brings us to Sen. John McCain, R-Ariz., who skipped the vote on equal pay altogether because he was out campaigning. (Hillary Clinton and Barack Obama both showed up to support it.) McCain’s opposition to the bill was expressed thusly: He’s familiar with the pay disparity but believes there are better ways to help women find better-paying jobs. ‘They need the education and training, particularly since more and more women are heads of their households, as much or more than anybody else.’ As my colleague Meghan O’Rourke pointed out yesterday, all that is code for the obtuse claim that the fact that women earn 77 cents on the dollar for the same work as men will somehow be fixed by more training for women as opposed to less discrimination by men. Wow. Hey! We should develop the superpowers of heat vision and flight, as well."

All of this leads to this week’s cover story, "Playing Around with Sex Ed." If you haven’t, check it out, along with a sidebar I threw in the mix on McCain’s position on abstinence-only education and (!) Roe v. Wade.

Categories
News

Police gang teams make their presence known

It’s close to 7pm on a Friday night and seven local police officers stand around in bulletproof vests, a couple of them tugging at black police gloves monogrammed with the letters CPD, all of them bullshitting with each other. The IX building stands in the background, skeletal, and behind it the edges of Downtown Charlottesville’s skyline glow orange in the low sun.

Previous coverage:

Stacking, stepping, selling and shooting
Police break down Charlottesville’s gangs for seniors

Cops warn of growing gang activity
Area isn’t "ridden" with gangs, but is a "breeding ground"

Charlottesville police detective Todd Lucas is among them, standing next to his white unmarked car, going through the pockets of his black police vest. Lucas is the city’s gangs and guns detective, responsible for collecting and coordinating any gang-related information. Detective Jim Hope, Lucas’ counterpart in the Albemarle County Police Department, stands across from him, leaning against his own unmarked vehicle. The other officers are members of the local, yet-to-be-named county and city gang teams, drawing members from both police departments, the local ATF bureau and the city and county Commonwealth’s Attorney’s offices.

“I was in the military, and I served with some people who were in gangs,” says Lucas, an Army veteran. “When I was in patrol, and even when I was in investigations, I saw that there were so many crimes being committed by the same people, the same groups of people, people who hung out together, who had common identifiers. It just kind of struck me that if we can deal with this issue, people’s quality of life would be so much better.”

Ten minutes from now, the officers will roll into the public housing complex on South First Street, the first of five “jump-outs” that they’ll do tonight. At the briefing 30 minutes prior, Lucas had gone over maps and the latest gang intelligence, coordinating the approach.


Albemarle Detective Jim Hope and Charlottesville Detective Todd Lucas lead the local gang teams. This six-pointed star near Grove Street is evidence of an increased Crip presence (i.e. not a Jewish one).

With his car radio squawking, Lucas will drive up South First, jolt to a stop just south of the complex as his field radio lights up with chatter from the six officers. Covering ground quickly, he’ll walk over graffiti on the sidewalk, three pieces in all, each under a streetlight. Three-tined pitchforks and six-pointed stars. Crip tags.

After stopping one man on a red scooter and chatting with a family trying to enjoy their Friday night on their front porch—expounding on the intricacies of Dora the Explorer with the young girl—Lucas will round a corner where he’ll find four young men sitting on the curb. Behind them, a red Buick, its four doors wide open, three officers searching it, sharp barks coming from the K-9 unit that’s been called to the scene.

And the officers will pull out a small bag of marijuana, ammo for a .22 and, from the truck, a “Shelf Lite” box with a picture of a wobbly white plastic shelf on the front. From the box, they will pull an unloaded SKS assault rifle, a knockoff of an AK-47.

“This is exactly the shit we’re talking about,” the ATF agent will tell the driver of the car, the sun now all but gone, the corner lit by flashlights and headlines, “an assault rifle in the projects.”

The city’s gang team has 10 members, the county’s has seven. They meet once a month to share information. Lucas acts as the city’s clearinghouse for all the information. Known gang members are entered into the FBI’s National Crime Information Center database. Lucas catalogues graffiti, trying to read the tea leaves from scraps of information about a part of Charlottesville that few ever see, though much of it’s hidden in plain sight.

“We have certain geographical areas where we know gangs operate based on their names,” says Lucas, pointing out South First Street, Project Crud and 752. “We have members validated that live in those areas or hang out in those areas a lot, where we know there’s gang stuff going on.”

After the serial number comes up clean, the officers confiscate the drugs and the rifle, then let the four go after snapping digital photos of their faces and a picture of a tattoo on the back of one man’s hands that reads “Southside.”

All this will happen in the next hour or so, and then on into the night. There will be four other areas to hit. But for now, the officers stand in the parking lot, joking and jostling each other, talking about when they’ll break for dinner.

C-VILLE welcomes news tips from readers. Send them to news@c-ville.com.