It’s your move, America: Create change

It is no accident that a growing number of senators and congressmen are supporting an end to insider trading among Washington lawmakers. Given the dismal approval ratings of the nation’s politicians, anything that can raise ratings is at least being considered. But don’t count on the passage of this bill called STOCK (Stop Trading on Congressional Knowledge), which is scheduled for a vote in the next few weeks.In a column that ran in The Lakeville Journal last month (“Gordon Gekko should run,” Nov. 17), I pointed out that our nation’s elected officials were not subject to the insider trading law that regulated everyone else. As a result, individual politicians and their cronies have profited substantially year after year from the knowledge they picked up in closed door hearings, subcommittees and the like.This access to insider information has become even more important over the last few years as more and more market-moving events are triggered by governmental actions. Just consider how government pronouncements in the United States and Europe over the last six months have caused huge market swings. Efforts to change this law have been going on for years with scant success. News stories such as the Wall Street Journal articles on the subject last year and last month’s “60 Minutes” report on the scandal have increased public awareness. I suspect that if their approval ratings were not so low (Congress has a historically low 9 percent approval rating) the politicians would simply ignore the heat, as they have done in the past, and continue to profit at taxpayers’ expense.A month ago, only nine congressmen supported the bill that would require elected officials to report all trades over $1,000 within 90 days. After the “60 Minutes” show, that number increased to 180, and more than 20 senators have since jumped on the band wagon.Today, a cozy relationship exists between politicians, political intelligence firms and big players on Wall Street. There is nothing illegal in a congressman or senator divulging sensitive information to a political intelligence firm which in turn sells that information to Wall Street. The more market-sensitive information that is passed on through the pipeline, the more a particular politician can demand in future campaign contributions from the beneficiaries of that information.This bill would make it illegal for individuals and political intelligence firms to continue that practice. It would also require firms and individuals involved in political intelligence to register just like any other federal lobbyist.Call me a cynic, but I doubt this bill will pass. Not only is lawmakers’ potential for using their office for personal gain at stake, but this bill will also jeopardize the pipeline to campaign funds from those special interests we hear so much about.In a different world, all my readers and everyone in America who cares (the 99 percent), will call or email their representatives in Washington and demand he or she vote for this bill when and if it comes up for a vote. It is your chance to change a lot of what is wrong with Wall Street right now. It’s your move, America. Bill Schmick lives in Hillsdale, N.Y. He is registered as an investment advisor representative with Berkshire Money Management. Bill’s forecasts and opinions are purely his own. None of the information presented here should be construed as an endorsement of BMM or a solicitation to become a client of BMM. Direct inquires to Bill at 1-888-232-6072 (toll free) or email him at Bill@afewdollarsmore.com.

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Club baseball at Fuessenich Park

Travel league baseball came to Torrington Thursday, June 26, when the Berkshire Bears Select Team played the Connecticut Moose 18U squad. The Moose won 6-4 in a back-and-forth game. Two players on the Bears play varsity ball at Housatonic Valley Regional High School: shortstop Anthony Foley and first baseman Wes Allyn. Foley went 1-for-3 at bat with an RBI in the game at Fuessenich Park.

 

  Anthony Foley, rising senior at Housatonic Valley Regional High School, went 1-for-3 at bat for the Bears June 26.Photo by Riley Klein 

 
Siglio Press: Uncommon books at the intersection of art and literature

Uncommon books at the intersection of art and literature.

Richard Kraft

Siglio Press is a small, independent publishing house based in Egremont, Massachusetts, known for producing “uncommon books at the intersection of art and literature.” Founded and run by editor and publisher Lisa Pearson, Siglio has, since 2008, designed books that challenge conventions of both form and content.

A visit to Pearson’s airy studio suggests uncommon work, to be sure. Each of four very large tables were covered with what looked to be thousands of miniature squares of inkjet-printed, kaleidoscopically colored pieces of paper. Another table was covered with dozens of book/illustration-size, abstracted images of deer, made up of colored dots. For the enchanted and the mystified, Pearson kindly explained that these pieces were to be collaged together as artworks by the artist Richard Kraft (a frequent contributor to the Siglio Press and Pearson’s husband). The works would be accompanied by writings by two poets, Elizabeth Zuba and Monica Torre, in an as-yet-to-be-named book, inspired by a found copy of a worn French children’s book from the 1930s called “Robin de Bois” (Robin Hood).

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Cycling season: A roundup of our region’s rentals and where to ride them

Cyclists head south on the rail trail from Copake Falls.

Alec Linden

After a shaky start, summer has well and truly descended upon the Litchfield, Berkshire and Taconic hills, and there is no better way to get out and enjoy long-awaited good weather than on two wheels. Below, find a brief guide for those who feel the pull of the rail trail, but have yet to purchase their own ten-speed. Temporary rides are available in the tri-corner region, and their purveyors are eager to get residents of all ages, abilities and inclinations out into the open road (or bike path).

For those lucky enough to already possess their own bike, perhaps the routes described will inspire a new way to spend a Sunday afternoon. For more, visit lakevillejournal.com/tag/bike-route to check out two ride-guides from local cyclists that will appeal to enthusiasts of many levels looking for a varied trip through the region’s stunning summer scenery.

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