Tag Archives: News

This Man Could Go to Jail Because His House Was Vandalized

vandals

What if  these kids were yours: they are 8-10 years old, they are out on their own at night, broke into someone else’s property, and proceeded to vandalize the property. They get caught doing it, and get shoved into a closet until the police get there. What would you do?

If that had been me or my husband when we were kids, not only would our parents tell the police to keep us in jail overnight, we would not be able to sit on our butts for days and we will be grounded and working to fix what we damaged all summer long. Actually my husband said if he had done that to his neighbor, not only would the neighbor not hesitate about spanking him, he would get another beating when he got home.

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Explaining the Ponzi Scheme to a Fifth Grader

Happy Friday the 13th for the second month in a row!

This week’s assignment for my 11 years old daughter is to monitor the news for current events and report on it at school. If you’ve been watching the news you’ll know that the Bernie Maddoff scandal has been on everyday. So inevitably, the Clone comes back to me with her list and asked, so how did this guy steal all that money?

So I tried to explain to her by using this analogy:

Say you went to your sister and told her, if she gives you a dollar to invest today, you will give it back to her on Tuesday next week and she will get $1.25. Then you go to your other sister and tell her the same thing only you will give her $1.25 Wednesday. Then you go on to your dad and every person you know and tell them the same thing. As you’re going around asking for money from other people you know, you give your first sister her $1.25 and she’s happy to have twenty five cents extra just for letting you invest her $1. So she says, why don’t you keep my dollar and invest it some more? So you say, OK.

But the thing is, you weren’t really investing it were you? You were just using other people’s money to make it look like you are earning money for them. Do you see how you will eventually run out of money especially if they all ask for their money at the same time?

So she answers, Yeah, but can’t I just ask more money from more people? Yeah, you can do that but what if you ran out of people to ask and also ran out of time? That’s what happened to Bernie Maddox and that’s why he’s going to jail.

She then said, but they said he still has millions of dollars and he’s not really in jail. True. It doesn’t seem fair, right?

Now I wish I had this video to simplify things even further. From the Jimmy Kimmel show, check out the Muppet version of the Ponzi scheme. LOL! 😀

So have you had to explain stuff on the news to your kids? How did you do it?

SIGNS

Yesterday was a strange day. It all started when I went to pick up Jade from school. It is a normal part of my day to pick up the girls from school in the afternoons and for the most part, this routine is usually uneventful. Yesterday afternoon though was different and Jade even noticed it even before events unfolded.

I am working on a couple of projects simultaneously at work and I was so focused on what I was doing that I almost forgot to leave on time to do my pick up run. I was five minutes late leaving and by the time I got to Jade’s school, almost all the kids had been picked up already, except for a few. She asked if I can give her friend a ride home as she didn’t have one and she would have had to walk home. She doesn’t live far, so I said ok. After we dropped her off, I started driving towards Asi’s school to pick her up next. We were just driving into the high school when Jade suddenly remembered that Asi won’t be there because she is going to a club meeting after school. She had told me that the night before too, but I forgot. So we turned back around and started heading for home where I was hoping I’d get a few minutes to get a bite to eat before picking up the clone from elementary school.

On the drive back, a jerk started tailing me and making hand gestures. I guess I wasn’t going fast enough for him. So I slowed down even more so, to the posted speed limit. Jerk! Anyway, as we were turning into our street, we find out that the street has been closed for maintenance. We had to drive around to come in from the other end of the street. At this point, Jade said, “Mom, you should notice these signs because I think all these little obstacles are telling you not to go back to work.” We laugh if off, of course.

So after a few minutes to go for a bathroom break and drop off our stuff at home, it was already time to go and pick up the Clone from school. I figured we’d go pick her up and circle back to pick up Asi from the high school, drop them back off at the house then go back to work. I figured wrong.

photo from local ABC websiteBy the time we arrive at the high school, there was a lone police car blocking the drive way and not letting any parent through. All the officer would say was that the school was on lockdown and they were not letting anybody in or out. So I drive about a block away and pull into a church parking lot to figure out what to do next. Before I could even put the car into park, about twenty police cars zoomed by with their sirens blaring heading for the school. This is when I started worrying. Before you knew it, the swat team pulled into the same parking lot I and other parents are in. They started suiting up in their assault gear. By this time, some of the parents were getting hysterical.

The worst thing about sitting and waiting and worrying, is not knowing what is really happening. The rumor mills start turning, and you don’t know what to believe. The initial news was that there is someone with a gun at school. Then the rumor escalated to that someone was shooting at the school. I knew Asi was supposed to be in front of the school waiting to be picked up. I just prayed that she is ok.

Luckily, the whole incident was a false alarm. Officials dub it a “misunderstanding”. The campus was opened back up a couple of hours later and we were able to pick up Asi. She was scared for a while, she said, but otherwise ok.

You can read more about this brouhaha here:
GUN SCARE AT RIVERSIDE HIGH

photo from local ABC websiteOh wait, the day isn’t over yet. We got home just in time to see the incident on the local news (click on the link above for details). The school lockdown dominated the ‘breaking news’ reports until just before the eleven o’clock news. At 10 o’clock the school event was already old news as another breaking news, a toxic chemical fire a few miles away in Apex now had everyone’s attention. The fumes from the fire can be really hazardous so they have evacuated over 16,000 residents from the area. Local news has been covering this event all night and most of the morning today.

We are not affected by this incident as much as we are luckily upwind from the area. You can read more about this fire here:
THOUSANDS EVACUATED FROM APEX

So, do you believe in signs?