BILL CHERRY'S GREATEST DALLAS PARK CITIES REAL ESTATE BLOG: July 2010

ANALYSIS OF 2008 PRESIDENTIAL ELECTION

I have always questioned whether or not the Electoral College has outlived its usefulness.  This is a collection of interesting statistics. 

In an email I received, a law professor pointed out some interesting facts concerning the November 2008 Presidential election:  


Number of States won by:              Obama: 19   McCain: 29 

Square miles of land won by:         Obama: 580,000   McCain: 2,427,000 

Population of counties won by:     Obama: 127 million  McCain: 143 million 

Murder rate per 100,000 residents in counties won by:  Obama: 13.2    McCain: 2.1   

The professor added:

  • In aggregate, the map of the territory McCain won was mostly the land owned by the taxpaying citizens of the country.
  • Obama territory mostly encompassed those citizens living in low income tenements and living off various forms of government welfare.
  • Some forty percent of the nation's population has already reached the "governmental dependency."

BILL CHERRY, REALTORS

DALLAS - PARK CITIES

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6 commentsBILL CHERRY • July 30 2010 06:10PM

NEW TAX CODE REVEALED - BEGINS JANUARY 1, 2011

While I haven't personally researched or investigated any of the following for content and accuracy, nevertheless, there will definitely be substantive changes in the tax code.  Here are some of those areas reported to me by a longtime friend:

In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:   First Wave: Expiration of 2001 and 2003 Tax Relief

 
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:   Personal income tax rates will rise.  The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). 

The lowest rate will rise from 10 to 15 percent.  All the rates in between will also rise.  Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates.  The full list of marginal rate hikes is below:  


- The 10% bracket rises to an expanded 15%   - The 25% bracket rises to 28%   - The 28% bracket rises to 31%   - The 33% bracket rises to 36%   - The 35% bracket rises to 39.6%       Higher taxes on marriage and family.  The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of income.  The child tax credit will be cut in half from $1000 to $500 per child.  The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.  

The return of the Death Tax. This year, there is no death tax.  For those dying on or after January

1, 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.  
Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011.  The dividends tax will rise from 15 percent this year to 39.6 percent in 2011.  These rates will rise another 3.8 percent in 2013.      

Second Wave: Obamacare  
 
There are over twenty new or higher taxes in Obamacare.  Several will first go into effect on January 1, 2011.  They include:

The "Medicine Cabinet Tax" Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).      

The "Special Needs Kids Tax" This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit).  There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year. Under tax rules, FSA dollars can not be used to pay for this type of special needs education.      

The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.      

Third Wave: The Alternative Minimum Tax and Employer Tax Hikes   When Americans prepare to file their tax returns in January of 2011, they'll be in for a nasty surprise-the AMT won't be held harmless, and many tax relief provisions will have expired. The major items include:  

The AMT  will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center , Congress' failure to index the AMT will lead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million.  These families will have to calculate their tax burdens twice, and pay taxes at the higher level.  The AMT was created in 1969 to ensnare a handful of taxpayers.   Small business expensing will be slashed and 50% expensing will disappear.

Small businesses can normally expense (rather than slowly-deduct, or ("depreciate") equipment purchases up to $250,000. This will be cut all the way down to $25,000.  Larger businesses can expense half of their purchases of equipment.  In January of 2011, all of it will have to be "depreciated."  

Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place.  The biggest is the loss of the "research and experimentation tax credit," but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.       Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available.  Tax credits for education will be limited.  Teachers will no longer be able to deduct classroom expenses.  Coverdell Education Savings Accounts will be cut.  Employer-provided educational assistance is curtailed.  The student loan interest deduction will be disallowed for hundreds of thousands of families.

Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA.  This contribution also counts toward an annual "required minimum distribution."  This ability will no longer be there.   PDF  Version  Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sY8waPq1  

Now your insurance is INCOME on your W2's......   One of the surprises we'll find come next year, is what follows - - a little "surprise" that 99% of us had no idea was included in the "new and improved" healthcare legislation . . . the people who backed this administration will be astonished!  

Starting in 2011, (next year folks), your W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that's a private concern or governmental body of some sort.  If you're retired?  So what; your gross will go up by the amount of insurance you get.   You will be required to pay taxes on a large sum of money that you have never seen.  Take your tax form you just finished and see what $15,000 or $20,000 additional gross does to your tax debt. That's what you'll pay next year.  For many, it also puts you into a new higher bracket so it's even worse.  

This is how the government is going to buy insurance for the15% that don't have insurance and it's only part of the tax increases.   Not believing this???  Here is a research of the summaries.....  

On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001, as modified by sec. 10901) Sec.9002  "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."   Joan Pryde is the senior tax editor for the Kiplinger letters. Go to Kiplingers and read about 13 tax changes that could affect you.  Number 3 is what is above.  

 

 

4 commentsBILL CHERRY • July 29 2010 11:04AM

SOME THINGS ARE NOT WHAT THEY APPEAR TO BE -- TAKE WILLIE NELSON...

GARTH BROOKS, TIM MC GRAW, WILLIE NELSON AND BIG MIKE

I don't know Garth Brooks, Tim McGraw and Big Mike, but I do know Willie Nelson...at least this Willie Nelson

Before he started performing full-time, this Willie Nelson was an insurance company executive who worked for my daddy at American National Insurance Co.'s home office in Galveston

And before that, we went to high school together.

Since he retired from the insurance industry, Roy Hammock has been impersonating country music singer, Willie Nelson, in lounge shows throughout Las Vegas.  And he not only looks like him when he's dolled up like he is here, but he sounds like him when he sings.

Roy as Willie, along with the fellows who impersonate Garth Brooks and Tim McGraw, who are with Roy in this photo, also have others who join them from time to time, like a look alike of Marilyn Monroe.

So how do they do this?  I remember a professional theatrical make-up artist told me one time, "Why do you find this so hard to believe?  Carol Channing, Elvis and Judy Garland didn't look like themselves either until they were made up to look like themselves."

Roy, not as Willie but as himself, has one more interesting accomplishment.  He and former Bill Clinton girlfriend, Gennifer Flowers, are (as we say in the trade) "close friends."

BILL CHERRY, REALTORS

DALLAS - PARK CITIES

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4 commentsBILL CHERRY • July 29 2010 08:40AM

THE MOODYS OF GALVESTON & THEIR MANSION

HENRY WIENCEK AND E. DOUGLAS MC LEOD
Taken in the Foyer of the Moody Mansion

Galveston, Texas started its life as a city with a lot of families who would become rich as a result of the many businesses a very prolific and active seaport would sustain.

One of those families, the family of Colonel William Lewis Moody, his wife and children, came to Texas in the late 1850s and settled in Galveston a few years later.

Col. Moody and his son, W.L. Moody, Jr., built an empire whose foundation was cotton compressing, wharf ownership, and banking.  At the turn of the century, a life insurance company was added that would sell small weekly-premium insurance policies to the working class.  It grew into a huge company, the American National Insurance Co., and it still maintains its home office in Galveston.

When W.L. Moody, Jr. died in 1954 the value of the estate was nearly one-half billion dollars.  The majority of those assets became the corpus of a charitable foundation whose beneficiary is listed as "the people of Texas."

Today the family's patriarch is W.L. Moody, Jr.'s grandson, Robert L. Moody, Sr.

The home of W.L. Moody, Jr. is one of the mansion museums on the Island, and like the others, it attracts thousands of visitors every year.  The home survived the 1900 storm.

The Moody family commissioned author Henry Wiencek to write their story and then to describe in detail the Moody home museum and its furnishings.

E. Douglas McLeod, an attorney and a senior official of the Moody Foundation, is the brother-in-law of Robert Moody. A former state legislator, city councilman, school board trustee and Rotary Club president, McLeod has been associated with the Moody family since he served as a lifeguard at one of their Island hotels when he was a teenager.  That is an association that has now passed fifty years.

Robert Moody contributed a foreword to the book where he tells the stories of learning about business from his grandfather.  Douglas McLeod provides an epilogue that further explains the Moodys, their traditions and current activities.  These are,  in my mind, very important additions to Mr. Wiencek's work.

Because I was a precocious child, I made it a point to meet W.L. Moody, Jr., at his home when I was about ten years old.  Those visits, I think, helped me to know about him and his family, a knowledge that was and remains primarily unknown by the public.  You see, the Moodys are traditionally a private family.

So I believe I can accurately assure those who are interested, that the contributors to The Moodys of Galveston & Their Mansion provide readers good insight.

The great irony, however, is that the publisher, Texas A&M University Press,  had the book printed in China by Everbest Printing Co., Ltd.

The Moodys of Galveston & Their Mansion by Henry Wiencek. Texas A&M University Press.
108 pages: Publishers Price: $19.95

0 commentsBILL CHERRY • July 28 2010 08:57AM

Texas Housing Sales Break Down as of July 26, 2010

From the Real Estate Research Center at Texas A&M University.

Here is how select Texas cities fared in March (data current as of July 26, 2010):

  Sales

Change from
Last Year

Median
Price
Change from
Last Year
Months'
Inventory
Austin 2,216 down 2% $202,800 up 4% 7.2
Brownsville 50 down 14% $96,000 up 11% na
Dallas 4,554 down 3% $170,100 up 2% 6.8
El Paso 736 up 53% $132,600 down 1%  6.8
Fort Worth 833 up 5% $111,800 down 6% 6.9
Houston 6,175 up 3% $158,100 down 3% 7.5
Kerrville 30 down 35% $151,400 down 13% 22.8
Lufkin 56 up 2% $120,000 up 9% na
Odessa 131 up 87% $125,300 down 6%  7.9
San Antonio 1,924 down 1% $151,700 down 3%  8.2
Texas 21,717 0% $153,300 down 1% 7.8

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1 commentBILL CHERRY • July 27 2010 06:13PM

Texas Radio Hall of Fame - 2010 Inductees

In 2002, radio broadcaster, Larry Shannon, and sixteen others who had built remarkable careers for themselves in Texas radio, established the Texas Radio Hall of Fame.  On the recommendation of famous DJ Chuck Dunaway of the Gordon McLendon days, I got Premier Member status in 2005, as number 96.

What is usually unknown by the public is how insecure a radio career is, and in general how poorly the on-air personalities are paid.  Oft times, for an example, a newsman or DJ goes to work only to find out that it will be his last day.  He's fired!  The reason?  "Just because."

He quickly has to find a new job at a new station, and usually that requires that he and his family move to another city, frequently many miles away.

I began as a radio personality at 14, and I worked in radio, later TV, as an avocation for the next 50 years.  And although I loved it, I never had the intestinal fortitude to depend on it for my livelihood. I have a strong need for stability.

There are many more like me out there.

<<---- Bill Cherry, 2006

So the real reason behind the Texas Radio Hall of Fame is that it is a method to celebrate the miracle of those who had the strength of character and conviction to make radio broadcasting their career and by gosh, they survived!

We've just completed voting to pick those who will be the 2010 inductees.  Larry told me that about 1,000 casted votes this year.

Of special note is that two of the inductees, Marty Ambrose and Paul Williams, passed away this year.  We are especially proud they were elected.  

Another friend who will be inducted is true legend, Bud Buschardt (ABC Radio).  I've written about Bud and his incredible record collection in another blog post.

Three that I was pulling for -- Bill "Rascal" McCaskill (KREL), Vandy Anderson (KGBC), and Walter Hammock (KQUE) -- didn't make it.  But then there's always next year.

So with that prologue, here's this year's "Chosen Few":

Marty Ambrose   (KEYH/KLOL/KUHF - Houston)
Brad Barton   (KRLD/WBAP - Dallas-Fort Worth)
Rolando Becerra   (KLAT/KEYH/KXYZ - Houston)
Tony Bridge   (KMHT/KHER/KLUE - Dallas-Fort Worth)
Bud Buschardt   (WFAA/KVIL - Dallas-Fort Worth)
Maurice "Crash" Collins   (KLOL/KZFX - Houston)
Don Couser   (KONO/KDOK/WOAI - San Antonio) 
Don "Skinny" Green (George Bason)    (KONO -  San Antonio)
Jack Hines (Heinritz)    (KNUS/KRLD -  Dallas-Fort Worth)
Scott Hodges   (KLIF/WBAP/KTSA - San Antonio - Dallas-Fort Worth)
Bill Kiley   (KONO - San Antonio)
Joe Ladd   (KIKK - Houston)
Mary McCoy   (KVST/KMCO/KIKR - Houston)
Bill Moffett   (KLOL/ KXYZ/KFMK - Houston)
Dayna Steele   (KLOL - Houston)
Jim White   (KRLD/KNUS - Dallas-Fort Worth)
Paul Williams   (KGKB/KNUZ/KDOK - Houston)

Congratulations to all!

BILL CHERRY, REALTORS

DALLAS - PARK CITIES

Our 45th Year

214 503-8563

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2 commentsBILL CHERRY • July 27 2010 09:07AM

THESE FIGURES LOOK TERRIBLE BUT REALLY ANNOUNCE THAT NOW'S THE TIME TO BUY

My friend, Norman Stanowski, is an economist.  We often sift through economic data and reach similar conclusions.  He sent me this piece the other day.

What it portrays is a real estate market that is perfect for anyone whose future has in it a change of homes.  That especially holds true for those who would like to sell their current home and buy one of substantially greater value.  While to do so would be going against most people's emotions, in reality it offers far less risk and substantially better opportunities for future gains than remaining in your current house until the market recovers, then making the change.

It gives you the opportunity to take advantage of an investment strategy called arbitrage.

Meanwhile, here's what will work to your advantage even though it will be bleak for others.

The U.S. Housing Market Is Now LOCKED Into a Chronic, Long-Term Depression

Housing starts - the most important measure of the housing industry - is still a disaster zone.

Beginning in January 2006, they suffered their worst plunge in recorded history - from an annual rate of 2.3 million to a meager 477,000 in April 2009. Thus ...

In just three years, 79 percent of America's largest industry, impacting more Americans than any other, was wiped away.

Then, despite a series of government agency programs to shore up the industry ... plus $1.25 trillion poured in by the Fed to buy up mortgage-backed securities ... plusa big tax credit for new home buyers, housing starts perked up ever so slightly: They recovered to an annual rate of 612,000 in January of this year.

But this recovery was so small, it retraced just 7.5 percent of the prior fall. In other words,

Even after massive government efforts, and even at the highest point in their recovery this year, the housing industry recouped less than one-tenth of its historic three-year bust from 2006 to 2009.

Worse, the housing industry has now resumed its decline.

The most alarming factor: Widespread "strategic defaults" on home mortgages.

These are defaults by homeowners who can afford to meet their monthly mortgage payments, but have deliberately decided to stop paying.

They realize their home is worth less than they owe on the mortgage - transforming it into a dead asset they're willing to give up. They know their bank, already overwhelmed with foreclosures, won't get around to evicting them for as long as two years, allowing them to live in the house cost-free. They also know this tactic can give them tens of thousands of dollars in extra cash. So they're defaulting en masse and getting away with it.

End result could be:

  • New supplies of foreclosed homes hitting the market.
  • Bankers who would rather cut their wrists than finance new homes, and ...
  • Perhaps a new slump in housing that's worse than even some pessimists were expecting.

BILL CHERRY, REALTORS

DALLAS - PARK CITIES

Our 45th Year

214 503-8563

 

  

 

6 commentsBILL CHERRY • July 27 2010 12:52AM

DALLAS BEST DRY CLEANERS? I THINK IT'S DALLAS DRY CLEANERS

DALLAS DRY CLEANERS
10531 East Northwest Highway

I'll admit it.  I was taught to buy and wear top quality, tailored clothes and footwear and to take good care of them. 

In the care department, there is nothing harder on clothes than dry cleaning and commercial laundering.

So you can imagine what a nightmare I am as a customer for most cleaning shops.  They smile when I come in the first time, but usually with each successive time, the welcome gets less sincere, and I get more grouchy.

We moved to Dallas five years ago.  I have already tried and fired at least nine cleaning shops.  The work was sloppy, they cut corners, and they didn't understand the concept of replacing buttons they broke without me bringing the garment back.

So rather than having you subjected to this same unrewarding experiment, I want to tell you that I have found a good dry cleaners and laundry.  DALLAS DRY CLEANERS.  The physical address is 10531 East Northwest Highway, but if I were giving you directions, I'd say that it's in the series of buildings that's home to the Kroger's at the corner of Northwest Highway and Plano Road.  The shop fronts Northwest Highway, and it's west of Kroger's.

One of my friends there is Freddie Hernandez.  He's going to be leaving at the end of the summer.  He's going to go to the University of Texas in Austin to study computer engineering.  He'll be a sophomore.  I'm very proud of Freddie.

<<--Freddie Hernandez

And then there are Dat and Duyen Nquyen.  They share the same last name, but they aren't kin.  Two spectacular young people who have strong, friendly personalities and are very customer oriented.

In fact my friends are so good at what they do that Tien Tran, the owner, spends much of every day playing golf.  He knows that while he's gone, his business is in good hands.

See what you think...

 

BILL CHERRY, REALTORS

DALLAS - PARK CITIES

Our 45th Year

214 503-8563

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1 commentBILL CHERRY • July 22 2010 12:25AM

An Interesting Tale About Galveston's Famous Restaurant, Gaido's.

There used to be a school a half-block behind Galveston's famous seawall.  It was Lovenberg Junior High.  It was torn down after a storm seriously damaged it about forty years ago.

But it was the junior high school I went to in the early 1950s.  And I forgot to tell you it was directly across the street to the west of Galveston's most famous seafood restaurant, Gaido's.

The Gaido family has owned and operated that institution since 1911, and has served millions of fish to tourists and islanders.

The Gaido patriarch was Mike Gaido.  He understood the restaurant business and the importance of good food and service better than anyone. 

One of my school chums was a fellow named Robert.  I remember he played the French horn in our school's terrible band. He made good grades in the academics.  Robert hated the school cafeteria so much that he not only brought his lunch from home, but he would eat it outside on the school's steps rather than at a table inside with his friend.

Robert said the cafeteria looked like a prison and smelled like dirty dishwater and Clorox.

One day, Robert decided to take his sack lunch across the street to Gaido's.  He walked in the door, and before the host could say much more than "Welcome to Gaido's," Robert had crossed the dining room and was sitting at a banquette with his lunch spread out on the table.

The dining room was all but totally full.  Conversations stopped.  Everyone looked at Robert.  Everyone wondered how Mr. Gaido would handle the situtation.

Mr. Gaido, obviously in disbelief, came over and said hello and asked if he could get Robert anything.  "Sure," Robert said.  "I'll have a Coke and a glass of water."  Mr. Gaido personally brought it to the table.  When Robert got ready to leave, he asked for the check.  The waiter said, "Mr. Gaido picked up your check."

Everyday at noon, Robert went across, spread his lunch out on the banquette's table, and Mr. Gaido brought him a Coke and glass of water.  When Robert asked for the check, the waiter would always say, "Mr. Gaido picked up your check."

Well, one day one of the teachers was looking out of her classroom window and she saw Robert walking back from Gaido's.  She met him as he came in the door, and as soon as she found out where he'd been and what he'd been doing, she reported it to Pop Smart, the principal, and he put a stop to it.

It wasn't Mr. Gaido who told Robert he couldn't bring his sack lunch to Gaido's.  That's marketing.

BILL CHERRY, REALTORS

DALLAS - PARK CITIES

Our 45th Year

214 503-8563

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9 commentsBILL CHERRY • July 20 2010 12:38AM

PLAYBOY -- HOW IT SIZES UP TODAY.

Everyone knows the story about the founding of Playboy Magazine in the early 1950s by Hugh Hefner, who in his 30s, was working for Esquire Magazine when he had an epiphany about the same time that Esquire refused to give him a token salary raise.

<<---Hugh M. Hefner turned 84 this past April

And everyone has an opinion about Mr. Hefner's personal life as it has been reported to us over the years, the content of the Playboy magazine as it has evolved over the past nearly 50 years, and the Meese Report that stepped in and dictated how it can be marketed.

Subscription and news rack sales of Playboy are reported to have diminished from about eight million at their highest to currently between two and three million, although I was unable to find the audited reports to confirm this. 

Playboy announced this week that Mr. Hefner, who personally owns 69.5% of the company's voting stock, is proposing to buy all shares for $5.50 each that are in the hands of others.   That's $122.5 million which is almost twice what the shares have been trading for on the open market.

I began my teen years reading Playboy.  And other than looking at the pictures of the "girls next door," I read short stories by well-known authors.  I learned about business from J. Paul Getty.  I got an early appreciation of art and jazz and found out about exotic cars.

I was shown style, style in how to choose clothes and to dress, and I got cooking lessons from famous chef Thomas Mario, who also introduced me to the method of making fine cocktails.

Mr. Hefner wrote a long series titled The Playboy Philosophy.  It was a carefully researched and intellectual piece that explored the sociology of human beings.  I read that, too.  And from it I learned things I hadn't known before and began to think about how I should live my adult life.  Sometimes I agreed with Mr. Hefner, other times I didn't.  Nevertheless, like a college classroom discussion, it helped me to understand who Bill Cherry was then and figure out who he would be later.

In 1986, about thirty years after Playboy's first issue hit the stands,  Edwin Meese was the attorney general in the administration of Ronald Reagan.  On orders from President Reagan, he and nine commissioners, including Christian activist, Dr. James Dobson, explored and tried to figure out what constituted pornography, and how it could be regulated without violating First Amendment rights.

A good deal of what it decided to stifle were not only the rights of Mr. Hefner and his magazine, but the rights of those who chose to read it and those who retailed it.

One of the new restrictions was that Playboy, and others with similar photographic content, had to wrap each of its magazines in a sealed wrapper, a wrapper that one could not see through if the cover displayed what the Messe commission defined as photographic pornography.

That wasn't enough for the 7-Eleven convenience stores, who had sold the magazine, unwrapped and easily available, on its store racks for thirty years.  They decided that they wouldn't no longer carry the magazine.  Other retailers interfered as well, some hiding the magazines behind the counter so customers would have to ask for them, others putting them on the highest shelf of the magazine rack so that only the tallest person could reach one.

And that's where we are today, even though hard core pornography now runs rampart and virtually unmonitored and unregulated on Internet web sites, in movie houses, and in places euphemistically called "gentlemen's clubs."

So a week ago, I decided to see how Playboy was being treated in Dallas.  Here's the silliness of what I found.

At Barnes and Noble's largest Dallas store, the store across Northwest Highway from NorthPark Center, for most, the magazine cannot be reached without the use of a store employee with a ladder.  In the photo, only about an inch or so is visible.  That's it at the very top, left-hand corner.

However, across the store, a hardcover anthology of Playboy centerfolds is wrapped in cellophane and displayed on a shelf that is chest high and with its cover facing the customer.  Directly next to it, also facing outward, is a hardcover book titled XXX 30 Porn Star Portraits. It isn't wrapped in cellophane.

At Borders Bookstore on the corner of Royal and Preston, the magazine is wrapped but can easily be reached on the magazine rack.  However, next to it is a similar magazine called Maxim.  It is unwrapped.

Within fifty feet from the magazine rack at Borders, among the "coffee table books" in the section on photography, is a large book that "explores" photographing homosexuals.  This book is extremely sexually graphic, including men with erections It's title is Man to Man - A History of Gay Photography. It isn't wrapped in cellophane and it is on a shelf that is waist high.

7-Eleven stores still don't carry Playboy.

Yet all around us, the world is being shown that the Meese Report and the actions taken by the government as a result, have not accomplished their mission. 

What they have done is provide rules and regulations that, at least in the case of Mr. Hefner and Playboy, interfere with his freedom of speech, interfere with his company's rights to operate in a free market, and worse of all, require his company to follow restrictive rules that are not applied to others.

Those are the reasons that Playboy Enterprises stockholders have seen their investment shrink dramatically in recent years, a cost that surely none of those on the Meese Commission experienced since surely they had no financial interest in the enterprise.

What we do know for sure is that the Bill of Rights was added to the Constitution, a requirement that the public demanded before the Constitution could be ratified.  The sole purpose of the Bill of Rights, in general, is to promise protection of each individual's dignity.  In other words, that in the actions of the government, we will each be treated equally.  What is applied to one, will be the same as what is applied to all others.

That obviously isn't happening here.  It's time for Mr. Hefner, his shareholders, and those interested in selling and buying his magazine, to be allowed to regain their guaranteed freedom.

 

 BILL CHERRY, REALTORS

DALLAS - PARK CITIES

Our 45th Year

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5 commentsBILL CHERRY • July 17 2010 09:58AM