Sure the Economy is improving
Sure the Economy is improving
A while back I wrote about tent cities popping up in many cities throughout America. First thought was this can not be happening in America. Well I came across another disturbing news article that cities are turning the lights off on city streets. Yesג€¦ it sounds unbelievableג€¦ however for example Indianapolis, Merrillville, Valparaiso, and Muncie are among some of the troubled cities in Indiana. It is brings to mind ג€¦are the lights of America starting to be put out? Are residents starting to be left out in the dark?
In the Indiana, Merrillville has turned off every other streetlight on its main roads. Valparaiso is turning off every other light in some areas and has set others to turn off at midnight. Muncie officials say the city will shut off 85 percent of overhead lights to help balance the 2010 budget. Sadly they are forced to resort to this as property taxes and sales taxes have fallen.
Muncie Mayor Sharon McShurley says the move could result in more than just darker streets. “I’m setting you on notice,” she told the council. “The decisions you have made, unless you reconsider the budget, are going to be detrimental to the city.”
Merrillville Public Works Director Bruce Spires said the city is more than a year behind on its NIPSCO bills. The city will turn off 300 streetlights, for a savings of about $2,000 a month.
“The town has been very aggressive in putting up streetlights for the past 15 years, especially when we can get federal funding for them,” Spires said. “You really don’t miss that they are gone,” Spires said. “There’s still plenty of light out there.”
Valparaiso officials say they aren’t sure how much electricity the city is using because it pays a flat rate per light each month, regardless of whether the light is working.
Spires admitted Merrillville is wasting Federal money by putting up unneeded lights. Clearly this is yet another example of useless GDP and wasted taxpayer money.
This next issue is also upsettingג€¦
In Indianapolis if someone challenges a traffic ticket they might be liable for a fine of $2500. What happened to Democracy?
Even if you receive minor parking or traffic tickets in Indianapolis, Indiana are being threatened with fines of up to $2500 if they attempt to take the ticket to court. Not everyone is taking it sitting down. A local attorney with the firm Roberts and Bishop was so outraged by what he saw in Marion County traffic court that he filed a class action suit yesterday seeking to have the practice banned as unconstitutional. That is exactly correct… Unconstitutional!
Why are they doing thisג€¦ it is simple…They need money to offset prior waste.
This also is pretty sadג€¦ In traffic court, Judge William Young has been making good on the threats by routinely siding with police officers in disputes and imposing fines of up to $500 on anyone who challenges a moving violation ticket, no matter how minor, and loses. Those who pay without going to court do not face this extra fine.
ג€The deck is stacked against the motorist,ג€ lawyer Paul K. Ogden wrote. Ogden argues the courtג€™s practices violate the excessive fines clause of the state constitution as well as the clause requiring that ג€all penalties shall be proportioned to the nature of the offense.ג€
Actually the $2500 fine is for not paying the fine by the due date (which is still ridiculous), but if you pay the fine, contest it and lose (which you will), they are slapping with an additional fine of $500.
And the stock market is just roaringג€¦ The world is wonderful.

My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following.
Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

























































































