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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (9393)9/18/2006 9:46:24 AM
From: foundation  Read Replies (1) | Respond to of 219481
 
Body Collector in Detroit Answers When Death Calls

New York Times -- September 18, 2006
gadsdentimes.com

DETROIT - With all the spectacular ways to die in this dying city, the fate of a man named Allan was almost pathetic. There he lay, in a weedy lot on the notorious East Side, next to a liquor bottle, his pockets turned out.

But as it goes with such things, one mans misery is another mans money. The body retrievalist for the county morgue had arrived on the scene. He was happy. He sang strange little ditties. Cracked odd little jokes. Said things like: We got plenty of room in this here van, yes sir.

Do not judge him. A happy attitude is necessary in his profession. It keeps the mind from shattering, salts ones sanity. Call the job dirty. Call it 14 bucks the hard way $14 a human body, $9 an animal. He said he made $14,000 last year. He made most of it at night.

His tax forms officially read body technician. Unofficially, Mike Thomas calls himself body snatcher, grim reaper, night stalker, bag man. Whatever you call it, it is one mans life.

For Mr. Thomas, the demise of Allan was a cheerful occasion because, you see, work had been dead. There had been an odd lull in homicides, suicides and even natural passings here in one of the most violent American cities. It was the height of summer and people were supposed to be outside and killing each other, dropping dead from sunstroke, etc. Mr. Thomas wondered how he was going to feed his children the next week.

I aint making nothing on these bodies, he said on his porch, the screen door half gone. I know thats kind of weird to hear; I mean waiting around for somebody to die. Wishing for somebody to die. But thats how it is. Thats how I feed my babies.

He is happy to have the job, there are so few in Detroit. Unemployment hovers around 14 percent, more than twice the national average, according to the United States Bureau of Labor Statistics. The slow death of the car industry has led to the slow death of the blue-collar Motor City and now the State of Michigan in general. About 300,000 jobs have disappeared from the state since 2000 and another 65,000 factory jobs are expected to be gone by next year. Mostly car-related jobs.

One of the few people working long hours most weeks, it seems, is Mr. Thomas.

There used to be money in Detroit. Known in the 50s as the Paris of the Midwest, it had a population of 1.8 million, 83 percent white. It now has fewer than 900,000 and is 83 percent black. It is the poorest big city in the nation, with a third of the population living below the poverty line.

Detroit is an annual competitor for the ignominious title of Murder Capital. Last year there were 359 homicides. Halfway through this year, there were 220. There are about 10,000 unsolved homicides dating back to 1960.

Mr. Thomas, 34, subscribes to a simple theory: Unemployment leads to drugs. Drugs lead to misplaced passion. Misplaced passion leads to death. And thats where he comes in.

Theres 360 ways to die, and I done seen them all, he said, dressed in black, waiting on a hot evening to be summoned to the latest body. I seen an old lady standing dead at her stove, her purse hanging on her elbow. I done picked up the pieces of a man who stepped in front of a train. I done picked up people just around this corner, here, from my house.

People he knew. People from his neighborhood, like Steve, who Mr. Thomas said should have known better than to rob a stripper. Like a prophet on the hill, Mr. Thomas explained the meaning not of life, but of death to guys from the neighborhood congregated on the porch, who robbed the beer truck in the afternoon and so came bearing gifts.

You see, he begins, 80 percent of people die naked and 70 percent die in the toilet. That means most people die naked in the toilet. I cant explain it. Its like Elvis. But as far as the afterlife goes, I believe through what I seen that those who commit horror and sin are doomed to repeat life, which is hell.

He is a macabre observer of the economic times. Mr. Thomas and some of his workmates say they notice some disturbing trends. By midyear, 8,559 people had died in Wayne County, which includes Detroit, and more and more, technicians see bodies remaining in the cooler longer because family members dont come to pick them up. They attribute this to the breakdown of family values as well as the lack of financial resources of people to bury their loved ones.

According to state statistics, the vast majority of homicides occur in the predominately black city, and the preponderance of suicides occur in the mostly white suburbs.

My theory? Mr. Thomas offered. White people kill themselves. Black people kill each other. Chinese people dont die.

True, true, shouted one young pilgrim, though no sighting of a white or Chinese man could be made within a 20-block radius of the porch.

Michael Thomas was born in rural Alabama in 1972 and moved with his family to Detroit a year later when Coleman A. Young was the citys first black mayor. Like most people in the city black, white or Arab the Thomas family came for the factory jobs and achieved the middle-class life. Mr. Thomas grew up on the East Side, raised through his teenage years by a white stepfather, for whom he was always having to go to fists with the other black kids in the neighborhood. He is short and broad-shouldered.

After graduating from high school, Mr. Thomas was sent to prison at the age of 17 for carjacking. He served four years, kept to himself, got out safely and worked a string of hamburger jobs until his uncle connected him with the job at the morgue five years ago. He supports three children and has a fledgling rap career on the side. The autobiographical song Transporters is a neat little trick that can be found on the Web (www.myspace.com/gangstaclyde).

One thing my stepfather taught me was the value of work, Mr. Thomas said on his way to another scene. A man who dont have work dont feel much like a man. A man without work, well, he takes the only way he can and thats usually no good.

A call came from the southwest side of town, with its Tudor style homes with brick and aluminum siding. A man had killed himself. He was white. Early 50s. He had lost his job at the boat yard earlier that day, a detective said. He came home, drank himself into a depression and put a bullet in his head the second white man to kill himself this day.

It was a sad, quiet scene on the street. The mans family standing there silently stunned. Cans of cheap beer in their hands.

Mr. Thomas was sanguine. We got plenty of room.



To: TobagoJack who wrote (9393)9/18/2006 11:18:03 AM
From: elmatador  Read Replies (1) | Respond to of 219481
 
Brazil and Russia are likely to have the best-performing emerging market debt as the U.S. economy cools and commodity prices slump, according to Pacific Investment Management Co.
Brazil, Russia May Withstand Emerging Market Drop, Pimco Says

By David Yong

Sept. 18 (Bloomberg) -- Brazil and Russia are likely to have the best-performing emerging market debt as the U.S. economy cools and commodity prices slump, according to Pacific Investment Management Co.

Brazil has reduced its dependence on external borrowings while Russia has amassed significant currency reserves, which will help both countries ride out another slump in emerging market securities, said Michael Gomez, who oversees about $30 billion of emerging market debt at Pimco in Newport Beach, California. Mexico also ranks high because of falling external debt and improved policy credibility, he said.

``Structural changes over the last five years have greatly insulated most countries from the risk of a financial crisis,'' he said in a weekly report published on the company's Web site. ``Those credits likely to fare best include Brazil, Russia and Mexico.''

Emerging market debt has rebounded after a sell-off in May caused by concerns higher U.S. interest rates will spark an economic slowdown in emerging economies. The yield gap between emerging-market dollar-denominated bonds and U.S. Treasuries narrowed to 1.92 percentage points on Sept. 15 from 2.38 points on June 27, according to JPMorgan Chase & Co.'s EMBI+ index. The spread reached a record low of 1.74 point on May 3.

The Asian financial crisis in 1997 and Russia's $40 billion debt default in 1998 have led governments in emerging markets to abandon fixed exchange-rate policies, trim overseas debt and develop their domestic bond markets, making them ``far better equipped'' to face any slowdown in the U.S., Germany and Japan than in the past cycle, Gomez said.

The U.S. Federal Reserve kept its target rate for overnight loans between banks at 5.25 percent on Aug. 8, halting 17 consecutive increases since June 2004. The world's biggest economy grew 2.9 percent in the second quarter, after expanding 5.6 percent in the first three months this year.

Commodities Slump

Crude oil traded at $63.40 per barrel, having dropped by about a fifth since peaking at $78.40 on July 14, according to the New York Mercantile Exchange. Gold has plunged 20 percent from a 26-year high of $732 an ounce on May 12.

Brazil's dollar-denominated debt has returned 9.6 percent this year to Sept. 15, outstripping the 5.8 percent gain in the broader emerging markets index, according to JPMorgan. Mexico returned 2.6 percent and Russia 2.5 percent. U.S. Treasuries gained 1.4 percent over the same period.

Russia paid off $23.7 billion of its Soviet-era debt to the group of creditor nations known as the Paris Club prompted Standard & Poor's to raise its credit rating by one level to BBB+ on Sept. 4.

Turkey and Hungary are likely to ``face challenges'' because of their respective large external financing needs and fiscal deficits problems. They are both vulnerable due to large current account deficits and their low ratio of reserves- to- short-term debt, Gomez said.

``Those governments that were unable to build the solvency and credibility platforms are likely to see a repeat of the volatility that characterized the mid-summer sell-off,'' he said.

To contact the reporters on this story: David Yong in Kuala Lumpur at dyong@bloomberg.net .