Fight Back and Win

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The Book of the Week is “Fight Back and Win, My Thirty-Year Fight Against Injustice – and How You Can Win Your Own Battles” by Gloria Allred with Deborah Caulfield Rybak, published in 2006.

Allred, a civil-rights attorney, was born in southwestern Philadelphia in July 1941. She wrote about the lessons she learned from her activities, and tried to inspire readers to stick up for themselves if they had been the victims of discrimination. However, her method of settling disputes through the courts is extremely expensive and emotionally wrenching. It was obviously in her best financial interest to promote the launching of lawsuits.

She recounted some of her most famous court cases, many of which involved tabloid-celebrities. She admitted to staging publicity stunts to get attention, thinking they would help her clients. Some people might think the actions she took were unbecoming an attorney. In the United States– the staging and scripting of media events (or non-events but merely pushing propaganda) is nothing new for people from all walks of life who protest perceived injustices.

Jerry Rubin, a member of the “Chicago Eight” spread disinformation just before the 1968 Democratic National Convention. Three TV stations bought his lie and reported on the local news that ten thousand “Yippies” (slang for members of Abbie Hoffman’s Youth International Party) planned to protest-march in the nude at the Convention. The media had visions of naked demonstrators getting their heads bashed in by law enforcement. Indignant letter-writing to Chicago newspapers ensued. Actually, fully-clothed demonstrators got their heads bashed in, and the idiot box and newspapers still got their sky-high fill of viewers and readers.

Political-front groups are nothing new. They are secretly funded by big-money donors who hire a handful of troublemakers who incite violence at street-demonstrations. Most of the people who attend such events are brainwashed into thinking they’re helping make political change, peacefully. They clearly haven’t read their history. They never learn!

Through the decades, street demonstrations alone have never effected significant political change in America. Not even when people died, as happened at “Kent State” in May 1970. The Vietnam war still dragged on and on.

The major historical events during which street-protests have worked (in other countries) include: the French Revolution, the Russian Revolution in 1918 (as seen in the treatment of the Romanovs) and in Romania in 1989 as seen in the treatment of the Ceausescus. Other instances (with ample help from the United States via the CIA), to name a few, include: the Marcoses in the Philippines, Duvaliers in Haiti, and Saddam Hussein in Iraq. There is insufficient room here to elaborate on why, in these cases, citizens who took to the streets, were able to oust their country’s leadership.

Anyway, Allred’s political stunts have largely faded from the public’s memory, to be replaced by more recent ones staged and scripted or incited by the biggest publicity hound in American history, Donald Trump. Despite the number of lawsuits Allred has won against powerful people– even politicians– in her decades representing victims of discrimination, it seems the nation has regressed, because it tolerates Trump’s abuses.

In 1992, there was still a double-standard in connection with racism versus sexual harassment in the workplace. “If he [Oregon Republican Senator Bob Packwood] had racially harassed members of his staff, he would have been forced to resign. Why was it acceptable to sexually harass women?” It took three years to bring him to justice.

Read the book to learn additional details, and about lots of other legal fights in which Allred engaged in her decades-long career.

All the Worst Humans

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The Book of the Week is “All the Worst Humans, How I Made News for Dictators, Tycoons, and Politicians” by Phil Elwood, published in 2024. This short volume was authored by an alcoholic adrenaline-junkie and occasional drug addict who was happiest when he was afforded opportunities to use his creativity to help his clients weasel out of image-trouble, burnish their image, or launch a smear campaign.

Born around 1980, Elwood began to acquire valuable contacts in Washington, D.C. when he did a summer internship in the U.S. Senate. Elwood was pleasantly surprised that, after ruining his own reputation, one such contact wrote a recommendation letter on his behalf to help him get accepted to a different college.

Most of the time, the following publications are the major influencers on breaking news: Associated Press, Reuters, Bloomberg, Politico, Axios, New York Times, Washington Post, and Wall Street Journal. The last three have a paywall– users must subscribe to them, and pay to read their articles. As is well known, in the last several decades, elected officials and their staffs in Washington, D.C., the media, the entertainment industry, Silicon Valley, professional sports and Wall Street have all incestuously melded together to create one big gossip circle. Readers who are no longer willing to pay for news, miss out on the gossip.

The author commented that there are currently a few tens of thousands of people who call themselves “journalists” while there are a few hundreds of thousands of people employed in the public relations industry. Very nearly all (except for this blog!) global communications are now sponsored-opinions, after so many decades of changes to information-sharing. Four of many milestones that set shameful precedents include:

  • In 1963, a journalist broke the taboo against prying into the personal lives of professional athletes when he revealed that Sandy Koufax was adopted. After that, privacy invasion became the norm.
  • In 1982, the New York Times eliminated the firewall between its editorial and advertising departments. Sports Illustrated did the same in the late 1980’s.
  • The year 1984 saw Republicans launch a fishing expedition of, and vicious smear campaign against Democrat vice-presidential candidate Geraldine Ferraro’s husband. Even for modern times, the high level of nastiness was extreme– and Republicans have continued such behavior to date, more than the Democrats.
  • Beginning in the 1980’s, the FCC relaxed its antitrust laws, allowing Rupert Murdoch to create a monster-sized multimedia empire (by purchasing the New York Post newspaper, Twentieth Century Fox, HarperCollins and the Wall Street Journal, to name a few propaganda outlets) with its attendant extremely large concentration of resources that allowed for infinite conflicts of interest that afforded him and his cronies the kinds of growth opportunities that free-market competitors couldn’t possibly hope to match.

To get additional information on how money, power and political hacks have corrupted every aspect of how people find out what’s going on in the world, feel free to read all the posts in this blog’s category “Publishing Industry Including Newspapering.”

Anyway, the author planted the following naive passage in his writing: “Salaries in some newsrooms are going up. Private equity is buying up media companies left and right. Foreign nations are investing heavily, too. Lines of ethics are blurring.” Newsflash: all these trends are decades-old!

Nonetheless, read the book to learn of the author’s adventures in image-management.

Along these lines, here’s a song about yet another downfall of someone once-rich and powerful (brought to you by Elwood-style PR.). This is what the Democrats are singing to the American president, whose name rhymes with “rump” and “dump.”

MIDTERMS-KARMA

sung to the tune of “Instant Karma” (1970 version) with apologies to the Estate of John Lennon and to whomever else the rights may concern.

Midterms-karma is gonna get you.

Gonna flip the states that are Red.

You’ll try to give yourself a pardon.

No one will shut up and take your bread.

All the world has had enough,

laughing behind your back,

all over the earth you’re a TACO.

They know you go low, yeah, low.

Midterms-karma is gonna get you.

A man like you is once-and-always.

Even the “new” Nixon wasn’t the “new” Nixon.

Yours is an open and shut case.

Your sins, the whole world is gonna see.

You’ll be blasting the fools in your GOP.

Everyone on earth knows who you are. A has-been tsar.

Far Right you are.

Well, we all pile on.

Very soon you and your suck-ups will be gone.

Well, we all pile on. Everyone. Come on.

Midterms-karma is gonna get you.

You lay down with dogs, you got fleas.

You know a man is known by,

the company he keeps.

Everyone knows you’re outa here.

You’ve made so many live in pain and fear.

Why are you there, when you should be nowhere?

You got more than your share.

Well, we all pile on.

Very soon you and your suck-ups will be gone.

Well, we all pile on.

Gone and gone and gone, gone and gone.

Yeah, yeah, alright, uh-huh, uh.

Well, we all pile on.

Very soon you and your suck-ups will be gone.

Well, we all pile on.

Gone and gone and gone, gone and gone.

Well, we all pile on.

Very soon you and your suck-ups will be gone.

Well, we all pile on.

Very soon you and your suck-ups will be gone.

Well, we all pile on.

Very soon you and your suck-ups will be gone…

Confessions of A Wall Street Analyst


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The Book of the Week is “Confessions of a Wall Street Analyst, A True Story of Inside Information and Corruption in the Stock Market” By Dan Reingold with Jennifer Reingold, published in 2006.

The author happened to become a telecommunications-industry stock analyst, hopping from one big-name investment bank to another. This, at the start of about two decades of an excessively deregulated, gravy train of greed on Wall Street: the early 1990’s. He described his job as requiring lots of reading and writing, and as having long, long hours. He got to travel around the world to meet his contacts, and gossip with industry competitors. The compensation he collected for doing so was obscene.

The U.S. government had just acted on a wave of anti-trust sentiment, so competitors were scrambling to game the situation. Telephones were going wireless, while their service providers were merging like crazy.

The author detailed the changes in the industry, including how it became corrupted by the usual suspects– greedy Wall Street workers. These included analysts and the departments that trade securities on behalf of their clients and their employers’ compliance departments who looked the other way on the LAWS against analysts’ getting inside information from the said departments.

For example, if the banking arm told an analyst that a certain company was a takeover target before information in connection therewith was publicly disclosed, the analyst could write a report recommending that his employer’s clients (which ranged from huge pension funds to little investors and everyone in between) buy its stock. That is one kind of insider trading.

In the mid to late 1990’s, the author witnessed various episodes in which one particular analyst at a competing big-name investment bank was manipulating the system. There was circumstantial evidence that he was receiving inside information on the stocks he was touting. Later on, one telecommunications company turned out to be not just “cooking the books” but scorching them. The resulting mess turned out to be the largest accounting-fraud scandal to that date.

These and other Wall Street shenanigans (that were bunched together in the course of a decade!) resulted in the usual harm to society and more excessive wealth for the wealthy; more specifically:

  • The perpetrators (the offending workers and their employers) got a “slap on the wrist” in the form of chump-change fines from regulators, while collecting excessively large fees for servicing the merger transactions and advising their clients on what to trade when– while admitting no wrongdoing;
  • The mergers resulted in massive layoffs of working-class people;
  • Taxpayers paid for the salaries of the regulators who bragged about how great they were in catching and punishing the few white-collar criminals they did nab; and
  • Unsurprisingly, the author retired before he got nabbed but he claimed his employment contract contained no pay-for-performance provision with regard to his employer’s investment-banking revenues.

Anyway, read the book to learn a boatload more about Wall Street’s goings-on in telecommunications from the 1990’s into the single-digit 2000’s, and the author’s career.

My American Dream

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The Book of the Week is “My American Dream, My True Story As An Undocumented Immigrant Who Became A Wall Street Executive” by Julissa Arce, published in 2016.

The author was born in 1983 in Taxco, Mexico. In 1994, she moved with her parents to San Antonio, Texas on a tourist visa. Because she was going to school (a private one) she was actually living in the U.S. illegally. Her parents (who were legal immigrants) didn’t understand the implications of such a situation. They simply wanted her to get a good education. Americans’ tax dollars weren’t even paying for it.

The upshot, though, was that Arce never got a Social Security Number, and couldn’t get any kinds of government or financial services: healthcare, a driver’s license, a bank account, or financial aid when she applied to go to college.

By living in the United States, Arce’s foreign status became her single biggest life-problem, especially when she was in her late teens. That problem led to others. If she moved back to Mexico, she most likely would be unable to return to the United States for at least ten years, unless laws changed.

Arce needed to earn “off the books” money to support her family, and pay her mother’s medical bills. On top of that, she had a drunk, abusive father. She was accepted to a college at the last minute, based on academic and student-participatory merit, and thanks to a new Texas state law. As is well known, many students are accepted to schools based on “legacy” or alumni-bribery practices, or on athletic rather than academic merits.

After many more hardships, the author got a job in the real world. She initially omitted the inconvenient fact that fake identity papers would allow her to work at the job only until she got caught for having a fraudulent Social Security Number. It appears that both her employer and the IRS turned a blind eye to her situation, as the former was able to pay her less than it would a non-foreign employee. BUT her employer was still withholding taxes from her paycheck. So why should her employer fire her? She was a model worker. She had to be– she was under the constant threat of deportation. She had to try harder than everyone else to please everyone.

Fortunately, several people in Arce’s life gave her good advice:

  • get the best education she could;
  • always strive do be the best at whatever she did– regardless of what it was;
  • be persistent;
  • associate with the appropriate people;
  • be professional at all times; and
  • continually socially network.

Arce was actually a shameless social climber, but she also showed she was a team player– unselfish with her time and talents. When the author achieved the pinnacle of what she perceived to be success, she wrote, “I felt normal– just another drunk Wall Street analyst on Stone Street on a Friday night.” And yet, she realized she still wasn’t truly happy.

Read the book to learn much, much more about Arce’s life experiences, and additional (true!!!) information (not emotionally-charged political propaganda) about immigrants in America.