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Culinary Edge

Iron Chef meets IndeBleu

November 18th 2007

IndeBlue Chef
Chef Ricky Moore

Washington’s tres chic Indebleu Restaurant has just appointed Chef Ricky Moore as its new Executive Chef.  He replaces Chef Vikram Garg who oversaw the Indebleu kitchen for nearly three years and helped establish modern Indian cuisine in Washington, DC area. Chef Moore will oversee all operational aspects of the kitchen while continuing to develop Indebleu’s modern cuisine featuring Indian flavors.


Chef Moore previously worked at several noted Washington establishments, including Agraria at Washington’s Waterfront, as well as Equinox, Galileo, Vidalia, and Lespinasse restaurants. He also served as exec chef at Parrot Cage and South Water Kitchen, both in Chicago. 
Chef Moore is scheduled to compete on a special Thanksgiving themed "Iron Chef America" November 18th on The Food Network. The restaurant will host its best customers for a special viewing that night in its lounge with the Chef on hand to serve themed appetizers.


Getting Off Oil

Honda’s Decisive Clarity Steals LA Auto Show

November 14th 2007

Honda Clarity Fueling
Honda's new Clarity

American Honda Motor Company stole the Los Angeles Auto Show with decisive clarity today. Shortly after show doors opened, the company announced the summer 2008 initial rollout of its sleek, new and tantalizing four-passenger zero-emissions hydrogen fuel-cell vehicle. The long-awaited, market-ready hydrogen car, called “Clarity,” will use zero oil and feature zero emissions.

No longer experimental, the Honda FCX Clarity is powered by a breakthrough, “V Flow” fuel cell stack that delivers vastly increased power and range over previous FCX hydrogen models. The FCX Clarity utilizes its V Flow stack in combination with a new compact and efficient lithium ion battery pack and a single hydrogen storage tank to power the vehicle's electric drive motor. Hydrogen combines with atmospheric oxygen in the fuel cell stack, where chemical energy from the reaction is converted into electric power to propel the vehicle. Additional energy captured through regenerative braking and deceleration is stored in the lithium ion battery pack. It is used to supplement power from the fuel cell when needed. The vehicle's only emission is water. Indeed, the company invites drivers to drink the exhaust, and has even distributed novelty drinking glasses to drive home the point. Read more ..


Mortgage Crisis

An Overnight Fix to the Housing and Mortgage Crisis--Bring Back Assumable Mortgages

September 24th 2007

Edwin Black

No one needs to be reminded that a significant segment of our population has become geographically and financially immobilized by an infectious condition known generally as “the housing and mortgage crisis.” Make no mistake. The crisis involves not just the so-called “sub-prime” business, but ordinary creditworthy consumers battered by financial misconduct and over-speculation by developers.

People can’t move on because far fewer people can move in or move out. Too many houses exist for too few buyers. Prices have tumbled. Inventories of unsold parcels have skyrocketed. The whole concept of property as “a sure bet” in America has been threatened. For each person who cannot sell a house, buy a house or suffers a foreclosure, the pain and hurt is multiplied like a slow-moving epidemic throughout the domino-structured housing market. Our national housing crisis in turn is flattening or eliminating hundreds of thousands of jobs and economic vitality.

Now to the overnight fix: Bring back “the assumable mortgage.” The financial world abolished this age-old method of home buying and selling during the financially turbulent seventies and eighties when President Jimmy Carter’s double-digit inflationary society inspired the rapacious mortgage lending industry to pressure the last one to five percent assumable loans out of existence and contractually prevent any new ones. Read more ..


Discriminatory Insurance

Stop Life Insurance Discrimination Against Travelers

September 23rd 2007

Abraham Foxman Color cropped
Abraham H. Foxman

The U.S. House of Representatives finally has passed a bill to protect consumers from unfair life insurance discrimination on the basis of past or future foreign travel. This is a much needed and welcome development. For far too long, insurance companies have routinely denied coverage to individuals because of their travel plans.

This unfair practice has adversely impacted everyone from tourists to corporate executives to students studying abroad. Insurance companies typically ask questions on life insurance applications about past or future travel destinations. Those travelers listing countries appearing on the U.S. State Department’s advisory list – including Israel - have too often found themselves rejected for coverage.

We understand that the insurance industry relies on risk assessment to determine whether to provide coverage, but denials should only occur when bona fide statistical differences in risk or exposure have been substantiated. Read more ..


Online Banking

BBT Apologizes for Broken Online Banking Site

September 12th 2007

BBT Online Service Unavailable
BBT'S broken website notice

BBT is still struggling to bring its online service back to full functionality and cope with outraged consumer backlash. Shortly after the bank "improved" its online software on August 3, 2007 to make it “safer, faster, and more convenient for you,” the website slowed to a crawl, lost and duplicated transactions, clobbered integrated customer financial management software such as Quicken, and in many cases became completely inaccessible. The problems were first reported exclusively by The Cutting Edge. Online function problems heightened during late August and by Labor Day the BBT site became completely inaccessible for many customers during most business hours. In early September, patches and fixes were installed, but problems have persisted so the company has been forced to post a prominent apology on its logon page.

“Recently, you may have experienced slow response times while accessing BB&T OnLine banking.” The statement reads, adding, “Over the past several days, you may also have been unable to log on to BB&T OnLine at different times. We understand this may have made it difficult for you to access your accounts and schedule your bill payments. We sincerely apologize for any inconvenience this may have caused you. Please know that our technicians are working diligently to expedite a solution. Our goal at BB&T OnLine is to provide you with the Perfect Client Experience for every online interaction. We know we have fallen short of this promise and want to assure you that we are doing everything we can to correct this problem. Thank you for your patience as we work to resolve our performance issues and restore your confidence in BB&T OnLine.”

 


Consumer Bank News

Impersonal HSBC Doesn't Want Customers to Call their Branch

September 3rd 2007

HSBC
HSBC Local But Not

A recent call responding to an exquisite HSBC bank brochure inviting new local customers revealed a startling and noisome policy. HSBC does not permit its customers to call their local branch with questions or to receive information. Phone numbers are not listed on the bank's massive website and even the phone company won't provide the number--they are unlisted. In order to reach their local bank branch, consumers must first call an offshore call center in the Philippines and then after evaluation, that offshore call center will decide whether consumers need to be connected. HSBC, which claims to be a global network of "local banks," stands by its policy, insisting it is for the customer's protection and to enhance customer service. One phone bank representative argued, "How can our tellers get anything done if they are answering the phone?" The HSBC phone bank representative went on to explain that all major banks refuse to divulge their branch phone numbers. Not so. Read more ..

Online Banking

BBT Online Banking Groans and Help Elusive as E-Banking Expands

September 2nd 2007

BBT Online Service Unavailable

BBT customers have been groaning recently over BBT's overtaxed and sometimes dysfunctional online banking website. The website was inaccessible for several days at the end of August, and the first days of September after the Labor Day weekend, especially in the morning when more people tend to log on. System burps and stutters caused some linked Quicken money management programs to record false double payments created by the overtaxed BBT online site. Attempts to reach the company’s much touted “24x7” online banking help line to correct problems were fruitless. Not a few customers gave up after multiple 30-minute and 45-minute hold sessions hearing the same tedious on-hold messages. Worse, BBT’s online Quicken assistance does not even operate on the weekends when most people often need such help managing their personal finances. Anxious branch officers trying to help their customers straighten out glitches were subjected to the same frustration since they were calling the same BBT toll-free number. At press time, the website was back to normal with some of the glitches resolvable by manually deleting false Quicken entries, and re-entering the needed BBT information. But the web meltdown was a warning sign that with the explosion in online banking, driven both by personal convenience and the banking industry’s growing insistence on paperless relationships, more meltdowns can be expected from BBT and others.

Genetically Modified Food

Unmasking the FDA's Policy on Cloned Food

August 12th 2007

Science - Mouse in Beaker

The FDA is still considering whether to allow meat and milk from cloned animals into America’s food chain, without so much as a warning label. Polls show that Americans oppose cloned foods 3 to 1, and the livestock and dairy industries have repeatedly said that cloned hotdogs and milkshakes make little business sense. Neverthless, the push for cloned livestock has been insistent for years.

In 2003, approval was said to be six months away; that didn’t happen, presumably because of fears of public outrage, but the public relations campaign continued. At the very end of 2006, a long-awaited draft “Risk Assessment” was published, inspiring a flurry of ill-informed puff pieces intended to legitimize the technology. That failed: the FDA received over 100,000 public comments, overwhelmingly opposed to food from cloned animals.

Officials then paused to consider their final decision. Some reports say that FDA approval will come later this year. Others suggest that it may take two years. The mainstream media seems to accept that it’s only a matter of time, no matter what the public wants – and no matter what the real scientific evidence is.

A scathing report by the Center for Food Safety (CFS) exposed embarrassing if not crippling inadequacies in the data the FDA used to suggest that cloned food is safe. The CFS report showed there are no peer-reviewed safety studies on meat from cloned cows, pigs or goats, and only three inconclusive ones on milk; this suggests further study, not immediate approval. Even before that, the National Academies of Science – the government’s science advisors – articulated concerns that the processes for assessing cloned food safety are currently not up to par. Read more ..



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