What a bunch of busy breakers! Whilst attention was on the New Day Pacifica group, this lot stayed focused, beavering away, stamping the PSN brand here, there, & everywhere, & even finding time to go to court – not once but twice! So what have they been up to, this last three months?
a 501(c)(3) registered Tu29Sep2020: doc linked from Pacifica in Exile, please see below – will also be embedded on this webpage
of course, a GoFundMe, created 5Oct2020: “Donald Goldmacher is organizing this fundraiser” – well, he is the chief financial officer, according to the Cali Secretary of State; “$60,000 goal”; as of Pacific breakfast, W16Dec, $1 350 had been raised from 8 donors, all within the last 24hrs bar the first donation, made 18 days ago, Sa28Nov; https://www.gofundme.com/f/pacifica-safety-net
officers publicly disclosed M16Nov2020, to the Cali Secretary of State: Sherry Gendelman, Chief Executive Officer; Craig Alderson, Secretary; & Donny ‘do you think I care?’ Goldmacher, Chief Financial Officer – see Pacifica in Exile doc drop
a YouTube channel, Pacifica Safety Net, created F20Nov2020: 13 subscribers as of Tu15Dec; no public content, but two vids (detailed below), that are ‘unlisted’, so they don’t come up in a YT search, but each has a URL so can be shared; notably, comments are turned off – these peeps aren’t into conversation, discussion: they’re steamrollers (think tankies), into dissemination, into top-down communication; https://www.youtube.com/channel/UC1mgsTKWHgHkxO-yyK83RiQ/about[UPDATE . . . the two vids were made public at c. 1600PT W16Dec(changing the upload date to 16Dec, but leaving the views unchanged).]
& a Facebook page created Sa21Nov2020: linked to the primary website; three posts (the Peter Coyote vid described below, a note by David Talbot, & admin referring to Talbot); one ‘like’ & one ‘follow’ for the page; no likes/comments/shares for the posts; https://www.facebook.com/pacificasafetynet/
(GoFundMe donors, in chronological order: 28Nov, Anonymous, $5; −22hrs, Anon., $100; −16hrs, Thomas Miller, $1 000; −15hrs, Ann Riley, $100; −15hrs, Anon., $20; −11hrs, Rolando Thorbourne, $25; −8hrs, Barbara Whipperman, $50; & −8hrs, Chris Stehlik, $50. In The Times of Corona, glad to see some have a hoped-for $60 001 to spare. If only they were putting their energies into fundraising for Pacifica – priorities, I guess, priorities on what to build, what to destroy: building the attack to destroy Pacifica.)
The YT channel has at least two unlisted vids, both embedded on the PSN website homepage:
one titled ‘Peter Coyote’, he speaks to camera, not having learnt the script, as betrayed by his eyes; uploaded Su6Dec2020; 331 views (this out of praps 3k-5k pre-contacted potential supporters); https://www.youtube.com/watch?v=8PH_BRBmjFY (5:31)
the other titled ‘Programming Heard on Pacifica Radio’: unreferenced medley of gross falsehoods (even lies) & gibberish, allegedly broadcast by Pacifica; uploaded Su6Dec2020; 28 views; the clips are from Guns & Butter, Alan Sabrosky, Michel Chossudovsky, & a combo of anti-vaxxing/anti-masking/crisis actors/alien visitors/quackery/snake-oil hawking; but remember, in the 1960s, WBAI had the KKK on, to interrogate their ideas; & the liberal conception of speech allows causing offence, even expressing hatred, but bars incitement to violence (all anathema to liberalism are cancel culture/dis-inviting/safe spaces/trigger warnings); a separate matter, of course, is whether Pacifica should give its valuable airtime to reactionary views; https://www.youtube.com/watch?v=s8aYys_rhlo (6:47)
And part of building the PSN brand is thru action, thru what are now two court cases, according to the PSN site, brought to eat up money that Pacifica doesn’t have, to punish their enemies on the Pacifica National Board, & to discourage anyone from becoming a Pacifica director:
Tu8Dec, the rejection by Judge James Chalfant, Los Angeles County Superior Court, of a petition (case # 20STCV46681) to put Pacifica into receivership & order a temporary restraining order; &
a Th10Dec press release declaring, “[l]egal action [by persons unnamed] to stop the destruction of the Pacifica Radio Foundation was filed in Los Angeles Superior Court. The complaint accuses members of Pacifica’s board of directors with misfeasance and malfeasance, negligence in their management of Pacifica, unlawful conduct and gross dereliction of their fiduciary duties and responsibilities, causing Pacifica the severe loss of multiple sources of income, the imminent loss of its assets and putting Pacifica in imminent danger of insolvency and complete collapse” (emphases added) – https://pacificasafetynet.org/litigation-filed-in-la-superior-court/. (So Th10Dec; but this is contradicted by another webpage, which gives M14Dec: “PSN’s launch today [Tu15Dec] follows the bombshell announcement on Monday that Pacifica network directors were being sued for malfeasance and mismanagement” – https://pacificasafetynet.org/campaign-launched-by-donor-to-save-pacifica-radio/. Bit of a pickle.)
And filings with the Cali Registry of Charitable Trusts? Unfortunately their Registry Verification Search, & other resources, are currently down for maintenance – and, like a failed state, the webpage says “[w]e do not have an estimated date on which those services will be restored and available”, a notice that’s also undated (https://oag.ca.gov/charities). Amerikan Karnage. Yes, the future is the present – and we aren’t even talking climate emergency.
A Pacifica safety net, a really awkward phrase, yes? Even more rubbish as the name for a group. Seriously. But it has a genealogy, rooted in KPFA separatist culture, going back just over four years ago, just after when Trump was elected. This will be detailed in a companion post, ‘The hydra grows another head: breakers resurrect a 2016 plan, the Pacifica Safety Net’.
The primary sources are the two audiofiles of the Sa19Nov2016 KPFA LSB – yes, them again – and a 29Nov report & analysis by Janet Kobren, then a Pacifica director, PNB secretary, & KPFA listener-delegate.
“One notable difference was the Proposal #4: Proposal for LSB to Establish a 501(c)3 (see description below) for which the title had changed from ‘Proposal for bringing to Life The KPFA Foundation’ to ‘Proposal for Bringing to Life a 501(c)3 Foundation As An Available Safety Net To Catch The License And/or As A Way To Ensure KPFA’s Financial Stability’” (emphases added);
“Set up a safety net 501(c)3 Foundation – lavender paper [document]. A safety net organization to receive the license to broad cast [sic] in the event of collapse, dissolution, or acceptance of the plan #3 (above) that makes KPFA an independent affiliate of Pacifica holding our own license and operating in exchange for assuming Pacific’s debt” (emphases added);
“Proposal #4: Proposal for LSB to Establish a 501(c)3 [… new para …] Kobren summary: Per Travis, in the case that Pacifica is dissolved, this is a way to pass some of the assets to a nonprofit organization that has a similar mission, and this 501(c)3 would have an identical mission and ‘have something in place’ (a ‘safety net’)” (emphases added); &
“Whipperman [Barbara, an early GoFundMe donor, $50, to PSN] suggested the 501(c)3 be named the Thompson/Hill Foundation”.
A final, crucial point.
PSN betray their origins:
[t]he Pacifica Safety Net (PSN), a California non-profit organization, formed by Pacifica radio listeners, volunteers, and donors officially launched a website and posted a five-minute videotaped statement by actor and author Peter Coyote
Donors. In PSN’s own words, donors who aren’t “listeners”, donors who aren’t “volunteers”.
So who are they? Who bankrolled the court actions? Who are these people? What do they want?
Why no transparency?
Why the secrecy? What are they hiding from the Pacifica members, from the Pacifica staff, from the Pacifica listeners?
The GoFundMe tells it like it is, meekly & modestly:
[o]ur mission is durable because it was created to serve – out of a righteous spirit
[w]e are dedicated to raising money, outside of the purview of foundation [sic] management, to protect the local stations from the immediate dangers they face. We are raising money for a ‘safety net’ of funds to protect the stations in case of emergencies, whether they are legal, operational or otherwise
. . . no flowers in their office, no flowers in their hair . . .
Published today, Tracy Rosenberg’s Pacifica in Exile blog (email version, not yet on website). [UPDATE: the web version, Th10Dec, has a one-sentence addition, in the opening para, & it appears below.] . . .
Donny ‘do you think I care?’ Goldmacher (KPFA listener-delegate),
Christina ‘Nurse Ratched’ Huggins (KPFA LSB Chair & listener-delegate), &
Andrea ‘so anodyne I don’t merit a moniker’ Turner (Pacifica director & KPFA listener-delegate).
Allegedly, this morning, Tu8Dec, they broke their ‘lockdown’ (nice Pacifican conduct there), drove from the Bay Area to a LA court, & tried to shaft the members, the staff, the listeners.
Three Members of KPFA’s LSB Try To Give Pacifica’s Assets to California Court
Los Angeles – Three members of KPFA’s local station board, Chair Christina Huggins, Andrea Turner, Donald Goldmacher and their lawyer, traveled down to Los Angeles on Tuesday, violating California’s COVID19 shelter in place order, to try to convince a court to place Pacifica’s assets into a receivership and remove control of the Foundation from its members. [Update: The 4th plaintiff is Craig Alderson, a former KPFA LSB member and the attorney is Stephen Jaffe, an SF employment lawyer and unsucessful Congressional candidate.] Their effort was unsuccessful and their emergency request was denied by the court.
Their filing, apparently an error-riddled 800 page tome, was not available on the LA County Superior Court site as of the time of this newsletter, but was said to have asserted incorrectly that Pacifica’s buildings were about to be foreclosed upon and that the fiscal year 2017 audit had not been completed. (It was completed some time ago). The judge denied the request in a brief hearing of less than 30 minutes duration and castigated the plaintiffs for procedural irregularities.
Among the procedural irregularities was the failure to serve the lawsuit. The plaintiff’s attorney merely called a few officers of the board on the telephone at 8:00 am the day before the hearing.
Receivership, which is normally requested by an organization’s creditors, not its member-elected delegates, hands over all of the foundation’s assets, including all five station radio licenses, title to all owned real estate, and all of the money in any the station bank accounts, to an independent party appointed by the court. The receiver maintains possession of all assets until discharged by the court, The receiver makes all financial and operational decisions during the period of receivership and may shed assets and discharge workers to attain profitability. With the permission of the overseeing judge, a receiver can act to liquidate an organization and can also petition to terminate or not renew collective bargaining agreements.
The three KPFA local station board members did not inform the KPFA local station board of their actions, and one of them Andrea Turner, who is a PNB director, did not inform her national board colleagues. Their bizarre actions happened as other members of their faction send pleading emails to members to sign a petition for a bylaws referendum, which would no longer be possible under receivership, as members would lose their voting rights for the duration of the receivership.
While the “emergency request” was formally and finally denied, the full lawsuit will continue wending its way through the court system, with Pacifica members like you footing the bill.
Pacifica members upset at the actions by delegates to take away the Foundation from its members can email the KPFA local station board at firstname.lastname@example.org.
Thx to Tracy Rosenberg, not least for publishing so swiftly. Respect.
A Pacifica pre-emptory 2hr broadcast, ‘The Battle for Community Radio’, went out this evening on WPFW & WBAI, alerting The Faithful to the dastardly deed perpetrated on the West Coast, hosted by John Riley & Mimimi ‘you think Third Worldism died in 1976? Racist!’ Rosenberg:
• with Arthur Schwartz (Pacifica lawyer, 9:12), Ralph Engelman (Pacifica historian, 17:29), Tracy ‘yes, the other one, &, no, not related to Ethel & Julius’ Rosenberg (21:54) – and the talent just keeps coming, rising to a crescendo with DeWayne ‘I put the chip into cookies’ DeLark (Pacifica Vice-Chair, KPFT listener-delegate, & NAAAAAACP junior chapter president when a three-year-old, 49:16), all on today’s court case
• with Tracy ‘yes, the other one’ Rosenberg (6:27), Grace ‘hallow’d be Thy name’ Aaaaron (in her last days as both director & KPFK listener-delegate, 11:24), Michael Novick (KPFK listener-delegate, 19:27), Ron Pinchback (director & WPFW staff-delegate, 38:12), Akua Holt (producer of KPFT’s pan-Africanist programme (not known to be on Lynden Foley’s iPod), 44:02), & Lawrence Reyes (director & KPFK listener-delegate, 53:21), all on the Golden DawnNew Order New Day new constitution by-laws petition
One can only enjoy.
[UPDATE: John Riley, WBAI stalwart, made this video of the 2hr broadcast . . . although I think you’ll agree that some of the visuals are a lil scary . . .
What you doing the Saturday before Christmas? Got something to get off your chest?
PacificaWatch, during the last KPFA LSB meeting, Sa21Nov, via a linked quote in the Zoom chat, reminded the delegates that, per the by-laws, they couldn’t do the elections at their usual every-other-month meeting, so in Jan. (Yes, maximising participation, & increasing the opportunity to hold decision-makers to account, are anathema to the KPFA station chauvinists. Moreover, the public are just a nuisance, wreckers.) Chair Christina ‘Nurse Ratched’ flatly denied the prompt; after she’d been reassured by lackies that the linked quote was correct, ‘Nurse Ratched’ carried on being ‘Nurse Ratched’, so not as much as an apology to the humble attendee. Manners not maketh ‘Nurse Ratched’, only unbridled power.
“Each Local Station Board shall elect a Chair, a Vice-Chair, a Recording Secretary, and a Treasurer, who shall be elected annually at the December meeting of the LSB for a term of one year using the Instant Runoff Voting method.” https://pacifica.org/indexed_bylaws/art7sec5.html
[Not Edward Hopper, Office in a Small City, 1953; he was 71]
… not The Raising of Lazarus by Caravaggio, c. 1609; in his penultimate year, at 38; an altarpiece in Messina …
This task force is quite important, you may think. Especially as four of the five members are Pacifica directors: Nancy ‘don’t say “FJC” again!’ Sorden (2018-9 PNB Chair, & WPFW listener-delegate), Tom ‘I get so harassed at KPFA LSB’s I wonder why I keep turning up’ Voorhees (KPFA listener-delegate), Sandra ‘I’m sorry for making a fool of myself at that recent PNB meeting’ Rawline (KPFT listener-delegate), & Heather ‘I used to work for Coretta King’ Gray (WRFG-Atlanta affiliate-director). The other member is given as Rosalie Hoffman (WBAI, not on the station board, according to the Calendar & Meeting Archive).
There have been eight meetings of this important Development group, starting on 24June. Quite a lot, you may think. An urgency commensurate with pressing circumstances.
Thing is, there isn’t one audiofile in the Archive. Oh. But then it’s only met three times – yes, five have been cancelled. Quite the achievement, you may think.
But this is all explained, yes, that basic courtesy to members & listeners? Well, only twice: 19Oct, “[q]uorum not achieved”, & then today’s more detailed disclosure, made when ex-Chair Nancy ‘wooden as a chair’ Sorden updated the Archive:
OMG, Pacifica has embarked on The Lazarus Project!
Ah well, guess that’s one way to try to reverse the necroeconomics of The Golden Corpses, the reliance on bequests.
Obvious I know, but wouldn’t it be a good idea for a director to ask at the next PNB, why the hell isn’t the Development Task Force meeting?!?
And Rosalie Hoffman? A blast from the past. Not as far back as our Milanese talent, but at least from the turn of the century. She appears in a notorious list, the HCUA blacklist the National Board Un-Pacifican Activities list of “FIRED, BANNED, REMOVED, SUSPENDED or DRIVEN FROM WBAI SINCE DECEMBER 22, 2000” . . . appearing as “Rosalie Hoffman – producer (fired and banned)”. Exactly a year later the list was “37 and counting”. But Rosalie was in good company: Cerene Roberts, Mimimi Rosenberg, Bernard White, Kathy Davis, Bob Fass, Bob Lederer, Grandpa Al Lewis, Juan González, Amy Goodman . . . (letter from Pacifica Secretary Carol Spooner to Judge Ronald Sabraw, Alameda County Superior Court, Exhibit A, 2Jan2002 – https://glib.com/ipnb_meeting_0.html).
What are we going to do: say ‘we want a better grade of callers, don’t call back’? […] What are we going to do: ‘track them down, & say don’t call back’?
Cerene ‘Serene’ Roberts, 15:51 & 19:59
WBAI Radio Cttee, Tu20Oct, from 4:16:
And what was interpreted as non-verbal heckling, a disturbing repeated choking cough, provoked a retort from Cerene ‘Serene, so serene she was named it twice’ . . . a “don’t tempt fate, ladies” (38:18). Ever the compassionate.
Cerene ‘Serene’ Roberts may no longer be on the PNB, but she still gets to show she hasn’t lost it.
Indeed, rumour has it that Ms Roberts now gives Manhattan executive/masterclass seminars & webinars on, mimicking a famous book-title, The Art of the Putdown, The Art of the Trigger, & The Art of the Filibuster. Obviously, discounts for all multiple & group bookings, & special rates for aspiring non-profit dragons.
As she herself says, “knock yourself out” (30:55).
“[T]his is going out on national broadcast in perpetuity, this, this is going out in perpetuity, this will be on the record for ever” (DeWayne DeLark, PNB Vice-Chair)
. . . a Pacifica director is a trustee of the Foundation (JannyG, last week) . . .
. . . wonder if Exhibit XXX is in the ED application pack? . . .
. . . Exhibit XXX: from 19:33 – if you dare:
Highlights of the lowlights:
“[…] we are basically out of time, urgh, but I’ll, I’ll allow, ur, Mr Lark to make one more comment, & then we will take, take this matter to a vote & then we’ll adjourn” (what could be simpler? . . . the plan, all laid out so clearly by PNB Chair Alex Steinberg, WBAI listener-delegate)19:33 – an omen, an unfortunate year
“Mr Lark, go ahead” (Chair Alex – famous last words) 19:50
. . . what could possibly go wrong? . . .
“Please time him correctly” (Eileen ‘it’s Ros-in’ Rosin, PNB Audit Cttee Chair & WPFW listener-delegate, not asking for the floor, interjecting with her unfortunate, triggering micro-aggression,probably unintended yet registered, but ultimately inconsequential in G-d’s great schema) 19:53
“Sandra […] her nasty mouth […] she’s been nasty & vile […] nasty, vile words” (DeWayne ‘who puts the chip into cookies’ Lark, PNB Vice-Chair, KPFT listener-delegate, & NAAAAAACP junior chapter president when a three-year-old) 20:05
“[…] this is going out on national broadcast in perpetuity, this, this is going out in perpetuity, this will be on the record for ever” (Vice-Chair DeW – famous not-last words) 21:30
“I have every right to say what I want, I’m a United States citizen” (Vice-ChairDeW) 24:37
“Alex, shut the fuck up!” (Ralph ‘I was married to Lynne Stewart for many years’ Poynter, WBAI listener-delegate) 25:05
“Oh my gosh! I’m off [the call], I’m sorry” ( Heather ‘I used to work for Coretta King’ Gray, WRFG-Atlanta affiliate-director; she came back on: who could resist?) 25:09
“Yer, I relent. Call for the question” (Vice-ChairDeW) 25:47
“OK, Mr Lark, are you finished?” (Chair Alex) 26:04
“No, I’m not finished, but for the sake of the members I’m going to relent, I’m – call the question” (Vice-ChairDeW) 26:07
“Y’all don’t call that racism but I do” (Vice-ChairDeW) 26:16
“A poin-p-point of information, please […] shall it be in writing, um, recordings, PowerPoint, what is it that calls for?” (Lynden ‘I’m serious: I’m not a comedian’ Foley, KPFT listener-delegate) 26:25
“I-I-I-I-I have come to understand that nobody really gives a shit” (Sandra ‘probably a grandma, too’ Rawline, KPFT listener-delegate) 29:28
“Here we go, here we go” (Ron Pinchback, WPFW staff-delegate) 29:36
“This is what Wayne is talking about. She has been nasty, & I don’t know why” (Lawrence Reyes, ex-ED 2019, ex-PNB Chair 2019, PNB Governance Cttee Chair, & KPFK listener-delegate) 29:37
“Who-who else calls women nasty?” (Lynden) 29:54
“Eileen, Eileen, mute everybody, or Polina, or somebody” (definitive proof, Lydia, there is no G-d . . . ED Lydia ‘why on earth am I here – on no pay as well?’ Brazon inciting a director to commit a violation of the Communications Act of 1934, § 396(k)(4)) 29:59
the Gitmo White Noise Psyops Unit, infiltrating PacificaWorld, 30:03(imitating Steve Brown, allegedly, former WBAI listener-delegate)
. . . finally . . . “OK, do we have a motion to adjourn? […] OK, any objections? OK, goodnight everybody” (Chair Alex) 34:36
. . . but only until next time . . . next Thursday, 29Oct . . . sadly, a private bloodbath, not in public . . .
. . . if Dante had lived, on the 700th anniversary of his text he would have had to have lowered himself into a 10th circle of Hell . . .
*Sent:* Thursday, October 15, 2020, 11:47:24 AM PDT
*Subject:* One year extension of FJC loan — offer
CC: Pacifica Interim ED Lydia Brazon; Local Station Boards; CFO: Anita Sims; Counsel: Arthur Schwartz
As a result of the financial position in which we, Pacifica, find ourselves, i.e. the inability to repay the FJC loan when it comes due in April, I considered what course I, as a fiduciary, could follow to help Pacifica in our current situation. I contacted FJC and spoke to the President of the Board and the Chief Legal Officer. I clarified that I was calling as a Board Member, and not as a representative of the Board. The purpose of my call, I explained was to explore whether there might be a possibility of extending the loan directly, between FJC and Pacifica.
They told me about FJC and its role and mission. They also made it clear that they were familiar with Pacifica, its background and especially, the Empire State Building situation.They expressed their concerns about Pacifica, its finances, changing leadership and governance, and that they were happy that FJC has been able to help us survive. They also told me that all the loans which they provide under the program we are involved with carry the same interest rate: 3% over prime.
I also brought them up to date a bit about Pacifica, and a tad about myself, including the fact that I have been involved in numerous political and Non-Profit organizations, including Pacifica Governance for about 16 years and that in my “off hours” I’m a lawyer who has been involved in helping structure numerous business deals, including the “Pacifica Bridge Loan” in 2018, etc.
During the course of that conversation I explained the progress that Pacifica had made in getting its Audits more current, the fact that there was a Bylaw amendment process underway which had the potential of changing the governance structure of Pacifica, but made it clear that the PNB was divided on the subject. I also explained that Pacifica was not currently in a position to pay back the loan on its current maturity date, and that we were pursuing various financial options. I also answered whatever questions they asked, to the best of my ability. As a result of that conversation, Pacifica’s progress towards getting its audits current, and the fact that there is serious discussion and potential Bylaw Amendments relating to reducing the Board size and structure to enable Pacifica to become more stable and more able to face the financial and other challenges that it faces, they were encouraged enough that FJC is willing to tentatively offer to extend the loan to Pacifica for another year, with the same terms, without interruption and without additional financing costs.
I asked them about whether this tentative offer needed to be kept confidential, and they told me that that was not necessary. They are pleased to let people know about the services that they have provided to Pacifica and that they offer others.
Hopefully the Pacifica National Board will take this opportunity to extend the loan quickly so that we can concentrate on helping Pacifica move forward. Of course I will be happy to help facilitate this. Being of service to Pacifica so that it can flourish has always been my goal. I hope that this is another step in that direction.
Respectfully and with great hope for the future,
Pacifica National Director, KPFK
Well, that’s a turn-up for the books.
Three sets of points:
what this means, including the obvious effects;
why is the Foundation for the Jewish Community, operating as FJC, making this alleged offer?; &
as mentioned 2Oct, has the $3.265m loan already been extended from 1Apr2021 to some date in Sep2021?
What this means, & the obvious effects
A director approaching FJC without knowing whether ED ‘Fabiana’, for example, was already in dialogue with them, thereby making Pacifica look uncoordinated, making it look ‘unprofessional’, making it look a lil silly;
after the approach, Prez Lorin Silverman & Chief Legal Officer Mark Cohen were happy to negotiate with JannyG, rather than give her a ‘well, thx 4 the heads-up, now we’ll ask the Pacifica ED what Pacifica wants’;
FJC showed where they stand on the breakers v. solidarians divide, choosing to collude with the breakers, giving credence to their credibility as ‘agents able to get things done’, as ‘respected by the monied & the powerful’, as ‘people that those in RealWorld can understand & get on with’;
JannyG dropped a boulder on the PNB Loan Repayment Cttee, obliterating it before it could even have its first roll-call (it had been set-up Th1Oct with DeWayne Lark’s PNB motion, https://kpftx.org/archives/pnb/pnb201001/pnb201001_6467_agenda.pdf – page 2; “very unfair”, the measured DeWayne told a reporter, in his understated way);
this lone wolf ops will be plastered all over the breakers’ propaganda if the petition leads to referenda: ‘we’re Pacifica’s saviours, only we can get things done! . . . you may have doubted us last time, but see, only we can Nike!’;
the by-passing of both ED ‘Fabiana’ & the PNB can only sow discord, antagonise interpersonal relationships amongst all concerned;
the episode is further evidence that the ED & PNB majority are paralysed, unable to take the initiative; &
it’s another example of the breakers, rather than the Pacifica solidarians, seizing the initiative in the non-contest that would otherwise be a war of manoeuvre, for only one side knows how to fight; this, additional to the breakers reigning supreme in the non-contest that would otherwise be a war of position, the preparing of the ground prior to contact with the enemy, for only one side comes up with plans. This isn’t even men against boyz: it’s a slaughter.
Politically, what’s happened shows that (1) ED ‘Fabiana’ & the PNB majority have displayed a paralysis that simply wasn’t warranted by the extant conditions, & (2) the breakers, once again, have the energy & ideas to take the initiative.
The leading question, sadly, remains all forlorn, orphaned: when will the majority of elected Pacifica officials act on their own terms, rather than being reduced to acting as a reaction? When will activity supplant passivity?
Why has FJC made this alleged offer? Market conditions, & the borrower under-subscribed ALF
Back in summer 2019, this blog explained the falseness of a story repeatedly peddled by the likes of Nancy Sorden (PNB Chair when the FJC loan contract was signed, & WPFW listener-delegate), Chris Cory (the 2019 PNB Finance Cttee Chair, & KPFA listener-delegate), Eileen ‘it’s Ros-in’ Rosin (then & still PNB Audit Cttee Chair, & WPFW listener-delegate), as well as regular suspects, Goodman & Aaron:
[t]he Pacifica advocates of the loan from the Foundation for the Jewish Community, FJC, have presented it as a good Samaritan, doing it out of the kindness of its heart. In fact, FJC is in a competitive market as a manager of donor-advised funds, a sector of the charity industry. One of its money-making operations is running a fund that lends at prime-plus, the Agency Loan Fund, ALF. Donors to FJC can lodge money with ALF, as can outsiders, all hungry for those extra percentage points of interest earnt.
FJC had been having problems finding borrowers for these prime-plus loans: only 46% of ALF had been converted into loans at 31Mar2018, the very time of the 2Apr Pacifica loan (FJC’s latest auditor’s report, year-end 31Mar2018, page 20; page 22 of the PDF). So, of course, Pacifica, made to use its three buildings as collateral to satisfy the 3:1 assets-to-principal ratio, assets here being “the appraised value of the mortgaged properties under the Deeds of Trust” (Section 1.1(7), p. 2 of the loan agreement – link below), was welcomed with open arms. Sentiment this was not. http://fjc.org/uploads/user-uploads/image/FJC%203-31-18%20FINAL.pdf [loan agreement: https://mega.nz/#F!PloCiSqJ!9rLejSkttE7gCVCCq3q86g?b0IBlaiR]
The conversion into loans has now improved: from the 46% at 31Mar2018, the next year it was 45% (with the fund growing a lil, from $57.1m to $58.4m), rising to 54% at 31Mar2020 (with a 11% spurt to $64.7m; FJC auditor’s reports, pp. 21 & 24 respectively). As the Georgian infamously said, dizzy with success. The reports, since FY2006 (bar FY2007), are here: https://mega.nz/folder/4Al2TDCD#7brl9C0CSfpESGgby6ZTrQ.
For whatever reason, FJC has found it difficult to attract borrowers with assets that can be collateralised. ALF lends at p+3, prime plus 3 percentage points, so currently, & since 16Mar2020, lends at 6.25%, which is 92% over prime (3 ÷ 3¼). ‘Earning’ a safe 6.25% is probably better than bonds & shares – so keep Pacifica in ‘the FJC family’. After all, thru to 1Apr2021, it will have paid ~$750k for the privilege of collateralising all its property to FJC (that’s an average $250k a year, $62.5k a quarter, assuming that the current interest rate doesn’t change). Extending a year, Pacifica listeners hand over an extra ~$200k (@6.25% = $204 062.50). Makes a four-year total of ~$950k. 😋 👍 😋 for those donor-advised accountholders.
Money aside, FJC’s leader, Prez Lorin Silverman, by undermining ED ‘Fabiana’ & the Board as a whole, has made plain the sort of Pacifica he prefers: a ‘normal’ broadcaster, ‘vanilla’, predictable. In a word, Amerikan.
(Non-trivial note, a possible $287 223.92 note, in fact: the loan agreement actually speaks of percent, not percentage points . . . (let that sink in for a moment) . . . : “the Prime Rate […] plus 3%” (Sec. 2.2, p. 5; p. 6 of the PDF) . . . (pause again) . . . making the current interest rate not 6.25% but (3.25 x 1.03)% = 3.3475%. Quite the difference . . . ~$95k a year, in fact. Will Pacifica challenge FJC on this?. . . [A post this week, including an open letter to ED Brazon & legal counsel Arthur Schwartz, will give the workings for the three years, $287 223.92 = 748 815.26 − 461 591.34.])
Has the $3.265m loan already been extended from 1Apr2021 to some date in Sep2021?
On 2Oct I said there’d be a post on this, so . . .
The question arises because of a mention in Pacifica’s FY2018 auditor’s report. Dated 16July2020, it was accepted by the 16July PNB meeting but first published Sa15Aug (sic), without either explanation or apology, on its homepage & https://pacifica.org/finance_reports.php. It said the $3.265m loan would mature in “September 2021” (p. 14; p. 16 of the PDF). This was news, the first time such a thing had been stated.
So what was the prior evidence? (All emphases are added; links at the end.)
“This Loan Agreement (this ‘Agreement’) is entered into as of April 2nd, 2018” (2Apr2018 Pacifica-FJC loan agreement, p. 1; p. 2 of the PDF);
& “the loan matures after three years” (6Apr2018 Pacifica press release);
but, & this is the killer, “[t]he terms of the note call for interest-only payments due quarterly, with a final lump-sum payment of all unpaid interest and principal due in September 2021” (Pacifica’s FY2018 auditor’s report, 16July2020, p. 14);
& yet FJC’s auditors declared on 27Aug2019 & 16Sep2020, using the same wording, that no loan runs into 2021: “[l]oans receivable consist of interest-bearing loans to charitable organizations […] with varying maturities through December 2020” (Note 4: FY2019 report, p. 17 (p. 19 of the PDF), & the FY2020, p. 19; FJC’s year-end is 31Mar);
& those two reports, so starting the day before the Pacifica loan began, state in Note 4 the sale of FJC loans, but none is of the size of Pacifica’s $3.265m (remember, the auditors have to disclose material events occurring after the year-end);
. . . so, (1) who’s right: Pacifica’s auditor saying Sep2021 or FJC’s auditor saying Dec2020 at the latest? . . . or are they both wrong, & the early statements are correct, with the loan maturing 1Apr2021?;
& (2) if the loan matures 1Apr2021, & FJC’s expensive auditor’s report is accurate on the maturities date (but inaccurate on loan sales), who now owns the Pacifica loan?
The contradiction wasn’t noticed by anyone at either the Tu14July PNB Audit Cttee or the Th16July PNB. The claim for Sep2021 was so anomalous that I said nothing at the time, assuming it to be an error by Pacifica’s auditors, Rogers & Company. Their FY2017 report had factual errors, as noted in this blog, so my surprise soon passed. But what do I know?
Maybe one day a Pacifica director or a lowly LSB delegate will find out, & tell us.
Guess the anniversary never even got to Amy’s editorial meeting this morn. So here it is.
Bare leads, WBAI’s master control studio (W9Oct2019 photo; courtesy of R Paul Martin)
R Paul Martin: “[n]ot pictured is the vacant space where the Emergency Alert System (EAS) module had been. It is illegal for WBAI, or any radio or TV station in the United States of America, to operate without a functional EAS capability.”
Lockout notice, new locks on the door, 3rd floor (W9Oct2019 photo; courtesy of R Paul Martin)
After the W9Oct WBAI Local Station Board, R Paul Martin & other staff went to the building housing the station, got inside, & saw the damage.
This was the work of “a group composed of Pacifica interim Executive Director (iED) John Vernile, Pacifica National Board Directors Bill Crosier (KPFT) and Adrienne LaViolette (KPFT) and Moe Thomas, Chief Engineer of WPFW”. Pacifica’s very own wrecking crew. WCP.
That 9Oct WBAI LSB meeting (2:03:39; videographer, Joe Friendly):
Protest outside City Hall, 15Oct (59:42; videographer, Joe Friendly):
There are quite a few PacificaWatch blogposts about this attack on Pacifica by the breakers. Please scroll down on the right, or click ‘WBAI’ in the list of folders at the end of this post.
But the saddest thing is that the political lesson hasn’t been learnt: Pacifica partisans have to be strategic, have a plan, & not just be reactive to the repeated initiatives of the breakers. One year on, the only change is deleterious, a further reinforcing of established routines.
‘Peruvian’ Lynden isn’t just an average breaker: he’s named in the groundhog scheme to give Pacifica a new constitution, the so-called by-laws petition doing the rounds. Lynden would be Pacifica’s treasurer, one of four breaker-appointed officers running a reconstituted Pacifica until “early December” 2023 (proposed Article 4, Section 13, added emphases), officers “responsible both for implementing the New Day Pacifica Bylaws and also bringing Pacifica back to financial and governance health during the transition”.