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Imus in the Morning 

June 1st, 1968 - March 29th, 2018

Deirdre's Corner

Memo to EPA- Who's Protecting our Kids (And Yours Too)? - By Deirdre Imus, October 17, 2018 - As someone who has advocated for the health of children and our planet for more than two decades, I was disheartened to learn earlier this month that the U.S. Environmental Protection Agency (EPA) put Dr. Ruth Etzel, a pediatric epidemiologist and director of its Office of Children’s Health Protection, on “administrative leave.” This comes just a few months after the EPA decided to dissolve a program dedicated specifically to studying the effects of pollution and chemicals on children’s health. It is a one-two punch to the gut.

Exclusive Interview: Deirdre Imus Is on a Mission to Save Our Kids and Remove Toxins - Alpha Rising spent time with Deirdre Imus and got an exclusive tour of the Deirdre Imus Environmental Health Center at Hackensack University Medical Center in NJ. Bottom Line: The more we remove poisonous toxins, the more we save our kids' lives. 

The Deirdre Imus Environmental Health Center - Hackensack Meridian Health Honored as an Environmental Conservation Champion of Good Works by the Commerce and Industry Association of New Jersey

 

Deirdre's Book Pick Of The Week

Methylation Diet and Lifestyle by Dr. Kara Fitzgerald & Romilly Hodges, MS, CNS - The “dance of methylation” extends far beyond supplementing with B12 and methylated folate. Indeed, long term outcome studies using this approach are lacking, and research suggests caution is advised with regard to imbalanced hypermethylation. However, much can be done to safely support methylation balance.

Deirdre's Dish Picks

 

Meatless Meat Loaf - Recipe by Deirdre Imus, The Imus Ranch: Cooking for Kids and Cowboys - Nothing says "comfort food" like a good old-fashion meat loaf, and our Ranch version is no exception. If you have any left over, the cold loaf makes great sandwiches.

If you have a fond memory from your childhood about some of the dishes we post please click here to contact us, we would love to hear your story.

 

Support The Deirdre Imus Environmental Health Center

The Deirdre Imus Environmental Health Center® is devoted to the health and well-being of children, their parents and the general public. Donations to the Environmental Health Center will support research on children's environmental health.

 

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Imus Ranch Foundation 

With the closing of The Imus Ranch For Kids with Cancer, The Imus Ranch Foundation was formed to donate 100% of all donations previously devoted to The Imus Ranch for Kids with Cancer to various other charities whose work and missions compliment those of the ranch. The initial donation from The Imus Ranch Foundation was awarded to Tackle Kids Cancer, a program of The HackensackUMC Foundation and the New York Giants.  In addition, once the Imus Ranch for Kids with Cancer is sold, 100% of those funds will be contributed to The Imus Ranch Foundation.

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3:46PM

Thanks For the Uplifting Segment, Dr. Nouriel Roubini

Dr. Nouriel Roubini—aka “Dr. Doom”—predicted in 2006 the financial calamity that befell the U.S. and much of the world in 2008. His new book is called Crisis Economics, and he stopped by the studio today to scare the hell out of us, both with his accent and his ominous prophecies.

The so-called “Great Recession” that began almost two years ago was not, as Roubini, a professor of Economics at New York University, put it, a “black swan” event.

“Until the 18th century, we thought there were only white swans, until we found a black swan in Australia,” he explained. “So a black swan is meant to be something random that comes out of nowhere, totally infrequent, that takes us by surprise, like a perfect storm.”

Financial crises are entirely predictable, he posited, because of the build up of vulnerabilities like excessive debt, leveraging, risk-taking, poor risk management, and poor regulation. “In that case,” Roubini added, “I call them white swans.”

Back in 2006, Roubini very publicly stated that there would be a housing bust; home prices would fall at least 20 percent, he said, and stock sales would fall by half, leading to an economic and financial crisis, followed by a global recession. He was met with some skepticism, until things turned out even worse than he expected: home prices fell by 30 percent, and sales of stock fell by 80.

“Unfortunately, I was too optimistic,” he said.

Before everything went into the crapper, Roubini said, “We were living in a bubble. U.S. consumers were spending more than their income, using their homes as an ATM machine.” Wall Street made “gazillions of profits,” as he put it, and the ratings agencies were making a lot of money too.

“Whenever there is a bubble, people live in a bubble,” said Roubini. “There is irrational exuberance, and they lose sense of reality.”

Banks were so willing to lend unqualified lenders exorbitant amounts of money, he explained, because the banks pawned the risk off to larger investment banks, which, in turn, transferred that risk to investors.

“Everybody in the securitization food chain was making a fee transferring the risk someplace else,” Roubini said.

So if all the banks and investment banks were getting rid of their own risk, Imus wondered, “Why’d we have to bail them out?” Roubini had no real answer, other than to express a frustration common among Americans.

“We privatized their gains in the good times, and now we’ve socialized the losses in bad times,” he said, adding, “Now we have huge budget deficits, in part because we’ve privatized these losses and put them on the balance sheet of the government.”

He fears that what happened recently in countries like Greece and Portugal, where governments have all but defaulted on gigantic deficits, will bleed over to the U.K, the U.S., China, and Japan.

“Either we’re going to control spending and raise revenue toward the budget deficit,” he said about how to solve the crisis, “Or inflate it away.”

As for whose fault this was (because somebody must always be blamed on this show), Roubini cited Wall Street; regulators; the Fed; ratings agencies; and politicians on both sides of the aisle. And though it is helpful, the new financial regulatory reform bill passed last week in the Senate doesn’t go as far as he’d like it to.

“It’s too little too late, and it has been diluted by Wall Street and the lobbies,” said Roubini, who foresees the possibility of a global “double dip” recession. “There may be another perfect storm ahead of us in the next year or so.”

Then, this mysterious man had some explaining to do: are two Jay-Z songs really among his five favorites? “I listen to everything from opera to hip-hip to rap,” he told Imus. “I’m not as familiar with country music.”

In that case, Doc, stick to economics.

-Julie Kanfer

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