Sunday, November 30, 2008
How do we look at each other?
Voting Can Be A Mortal Sin...
The Truth Shall Set You Free
Land of the free? Rule of law? Innocent until proven guilty? Rule of habeas corpus? They're all just words in today's America.
Saturday, November 29, 2008
Retention Bonus This
I Thought He Was Bigger Than This
Will Rubin's unwillingness to admit errors - which is the first step in solving problems - be replicated in his followers, Summers and Geithner? Obama's smartest thing may be the appointment of the Economic Recovery Advisory Board whose members will hopefully be adults.
Friday, November 28, 2008
Talk about being tone deaf
The Day of the Locust - 2008
The shoppers started lining up at 9 p.m. last night. By the time the store opened at 5 a.m. today there were 2,000 of them. They attacked the store and everybody else who was in the way of their getting a bargain. They broke the doors off the hinges and walked right over people who had fallen.
What have we become?
Do you know who I am?
IT SEEMS every celebrity in a holding cell lately plays the "Do you know who I am?" card. Except, of course, former state senator James Marzilli, who knew he was somebody else when he gave police a fake name. But, for every spoiled celebrity brat, there are 10 "civilians" with the same entitled attitude. People who give new meaning to "DYKWIA" syndrome.
It's like an Obama rally at the check-out register and 50 shoppers and one cashier stand between you and your sanity. To be perverse, you start to chant "Yes we can't!" just to pass the time. It seems like three seasons of "America's Got Talent" (and, by the way, it doesn't) before a new cashier appears and says, "I can take the next person in line." You realize you've misplaced your Taser gun as the last person in line sprints for the open register faster than FOX-News chasing Chuck Turner. Clearly, his time is more important than yours. You just didn't know who he was.You're enjoying a romantic dinner at an upscale eatery when they arrive. Just because their nanny, chef, and sommelier have the night off, why shouldn't they savor a Kobe filet and vat of Chateau Lafite with the little "crumb catchers" in tow? Before you can recommend the funnel cake to your partner, the children start squealing, toppling trays and whacking waitresses with the abandon of Tony Soprano. Is it the parents' fault Abe and Louis's doesn't stock "le petit crayons?" Surely, they can't stay home. If only you knew who they were.
After circling the Back Bay for most of the winter, you finally spot someone returning to her vehicle. You pull up behind her with a friendly wave and flash your directional. That's when the driver dials up "Beauty 911" and attempts an "Ambush Makeover" in the rear-view mirror. Oh, were you waiting? By the time she's finished, even she doesn't know who she is.
It's bad enough being held up by gas prices. It's worse when a member of "Beef Jerky Anonymous" abandons his Mercedes at the pump to get his fix inside. Apparently the world-class wheels of a high-quality German-engineered vehicle can't navigate those tight spaces near the door. (However, if one were so inclined, the tires do deflate pretty handily.)
Worst of all is when people think "handicapped" refers to intelligence and park in spaces meant for those with limited mobility. But, face it. Some people are just more important than you are.
A perfect summer day on Cape Cod. You're enjoying a near-empty beach where miles of white sand separate you from the nearest person. Until some moron who thinks it's overpopulated like China plunks her ample behind between you and the water, blocking your previously unobstructed view with a beach tent and boom box the size of
Home Depot . (And you wish it were China because she'd only have one child instead of the four shrieking hooligans now inhabiting your little ecosphere.) But, if you knew who she was, you wouldn't expect her to schlep another 10 yards to pitch camp. Heaven forbid.Those of us without servants clean up after our dogs. But, many sidewalks and public parks look, and smell, like, well, poop. There are a variety of clever devices out there, one to suit even the most discerning little "scooper." But, truly entitled dog owners believe "Rover rooting" is beneath them. So, it's beneath everyone else instead.
Perhaps the most pervasive manifestation of "DYKWIA syndrome" is cellphone usage. While waiting at the dentist, are you really so important that you must answer immediately? In the 30 seconds required to step outside, would you halt air traffic or lose your place on the heart-transplant list?
What do you get when you cross an inconsiderate driver with an inconsiderate cellphone user? You get the worst manifestation of DYKWIA syndrome known to mankind: a call so important, the driver can't even wave when you let them go first.
Do you know who you are?
Thursday, November 27, 2008
Deja Vue in Spades
Making Sacrifices
As further evidence of the world in which these guys live, they all went to Washington in their private jets. Talk about being aware of impressions!
Another Step
Protecting Secrets
Wednesday, November 26, 2008
So Far, So Good
A Girl Has to Eat
As part of the deal the founder made when he sold out in 1988, he and his guests would always be able to get the best service available with minimum waiting time and would eat and drink for free. Well, as it will happen to all of us, the founder died in 2003. His heirs decided to sell the land on which the restaurant sat. The new owners said that this abrogated the "free meal" deal. The widow and her family said it did not and proceeded to sue. The appellate court ruled in the buyer's favor, but in today's litigious times that means little if there are deep enough pockets.
I wonder whether the legal fees will be less or more than the free meals the family has not had over ythe past few years.
Where were they for the past 8 years?
I really don't understand why Delahunt is complaining now. Why has he been so silent about the attacks that have been made against our freedoms for the past eight years? This mess is as much the fault of Congress as it is that of the other branches of our government.
Back to the Salt Mines
The trip was good, although I was surprised that a sail down the "Beautiful Blue Danube" was, in fact, nowhere near as beautiful or interesting as trips down the Rhine and the Rhone. The image that most struck me did not take place on the river. At a Boston Pops-like concert in Vienna a pretty good soprano performed an Austrian folk song while dressed as a peasant. She sang a story no one in the hall knew. It must have been an odd story as the last few lines were delivered in the same strong voice while she was standing on her head. I've never seen something like that at Symphony Hall in Boston.
Another strong impression - we here in the U.S. are very lucky in an economic sense. Prague apparently does not have enough money to clean the statues on the famed Charles Bridge and at other tourist attractions. I don't think that there are too many countries that display statues so black you would think they had been painted that color instead of having faded with the years. The economic struggle in Budapest and Bratislava was not as evident, but it was still palpable. Things seemed good in Vienna and Salzburg.
I also saw a phenomenon that I had seen only once before. When you drive from Vermont into Canada, the landscape changes almost instantly; within a mile the tall trees are gone, things look darker and drearier. A reverse situation occurs when going from the Czech Republic to Austria. It's really amazing to me. I could understand if the changes took place over a few miles, but it is noticeable almost as soon as you cross the border.
And what can I say about the language? Whether written or spoken it's beyond me. You see a lot of the letters K and Z . We played a game of Scrabble on the boat; aficionados will be surprised to see 2 Ks, Z with a value of 3 and Y 10, and two forms of U, one with a value of 6, the other 1.
Overall, it was a good trip even though we had snow that last two days. Budapest and Vienna are beautiful cities. In Salzburg we ate in a building that was a monastery in 803 and had been a restaurant for a couple of hundred years. It was really a vacation from the world. But you never escape reality and still remain what passes for sane.
So, it's back to the real world and renewed contemplation of the catastrophes in which we are embedded.
Friday, November 14, 2008
Arriverdici
What's wrong with this?
- You will send up a bill that enacts a full repeal Gramm-Leach-Bliley. This was the law that repealed the Glass-Steagall act (the majority of it, anyway.)
- You will send up a bill that reinstates the leverage limit of 12:1 that used to apply to investment banks (the dropping of which is the proximate cause of this mess, and which Henry Paulson was directly responsible for through his lobbying and requests) and apply it to all institutions doing business in The United States.
- You will send up a bill that repeals the 2005 "Bankruptcy Abuse Prevention" act - an act you voted no on originally. This one should be a no-brainer, since you didn't support it originally.
- You will send up a bill that repeals the TARP/EESA, and will vow to do everything in your power to stop the expenditure of any further funds under the existing law, and you will direct Treasury on January 20th to reverse the tax changes that granted $150 billion in "preferences" without a vote of Congress or even public notice.
- You will send up a bill that requires the SEC, OTS, and OCC to compel all assets and liabilities to be consolidated upon a firm's balance sheet and directs that all marking methods, formulas and variables along with each asset held be disclosed accurately for every firm that operates in the United States.
- You will direct The Federal Reserve by executive order to comply with the FOIA filed by Bloomberg and disclose, immediately and forever into the future, all loans issued, to whom, the specifics of the collateral pledged, and the discount or "haircut" applied. Such information will be published via The Web at the point of issuance of Fed Credit and all actions taken by The Federal Reserve or any of its district banks shall be undertaken in the full sunshine of the public view. If The Fed should refuse, you will pledge to send up to Congress a bill to repeal The Federal Reserve Act of 1913, and replace The Federal Reserve system entirely with an entity that will under penalty of federal law operate 100% "in the sunshine."
Tempest in a Teapot?
The claimants have obviously lied about what they and our world consider an important matter. Is the lying brought about by insecurities?
One thing it says about us is that we value formal credentials too much. The assumption by most large organizations is that a college graduate has more to offer than the man on the street. In many cases this is true. But, I'm sure that you've met many people about whom you've wondered how they ever got out of high school, let alone college. You've also met many graduates of top colleges who should be working in a menial job, not pulling down bug bucks simply because he went to Harvard.
Evaluating a job applicant for what she or he can do is not easy. But to rely too much on what one sees on a resume is asking for trouble.
Thursday, November 13, 2008
Now it's GE
Germany says no to GM
Nobel Economists Speak....
The Old Ways Are Dead
Return to growth can only come to pass with an economy that actually builds things, like infrastructure or invests in things like healthcare and education.
Veterans Day, Armistice Day, Remembrance Day
Tuesday, November 11, 2008
Pelosi and Reid have drunk the Kool-Aid.
She, Reid, Frank and our other leaders should read Paul Ingrassia's Op-ed in yesterday's WSJ. Ingassisa has covered the auto industry for decades and covered it well. He knows where a lot of bodies are buried. He advocates a clean sweep of management plus a revision of union rules. He does not feel that the bailout of GM and co. should be led by the same people who brought it to its current state.
Where is China Spending Its Stimulus Payments
It's Been Two Years
Targets for Near-Term Oversight
1. Reduce the Tax Gap
2. Address Government-wide Acquisition and Contracting Issues
3. Transform the Business Operations of the Department of Defense, Including Addressing All Related “High-Risk” Areas
4. Ensure the Effective Integration and Transformation of the Department of Homeland Security
5. Enhance Information Sharing, Accelerate Transformation, and Improve Oversight Related to the Nation’s Intelligence Agencies
6. Enhance Border Security and Enforcement of Existing Immigration Laws
7. Ensure the Safety and Security of All Modes of Transportation and the Adequacy of Related Funding Mechanisms
8. Strengthen Efforts to Prevent the Proliferation of Nuclear, Chemical, and Biological Weapons and Their Delivery Systems (Missiles)
9. Ensure a Successful Transformation of the Nuclear Weapons Complex
10. Enhance Computer Security and Deter Identity Theft
11. Ensure a Cost Effective and Reliable 2010 Censu
12. Transform the Postal Service’s Business Model
13. Ensure Fair Value Collection of Oil Royalties Produced from Federal Lands
14. Ensure the Effectiveness and Coordination of U.S. International Counterterrorism Efforts
15. Review the Effectiveness of Strategies to Ensure Workplace Safety
Policies and Programs That Are in Need of Fundamental Reform and Re-Engineering
1. Review U.S. and Coalition Efforts to Stabilize and Rebuild Iraq and Afghanistan
2. Ensure a Strategic and Integrated Approach to Prepare for, Respond to, Recover, and Rebuild from Catastrophic Event
3. Reform the Tax Code, Including Reviewing the Performance of Tax Preferences
4. Reform Medicare and Medicaid to Improve Their Integrity and Sustainability
5. Ensure the Adequacy of National Energy Supplies and Related Infrastructure
6. Reform Immigration Policy to Ensure Equity and Economic Competitiveness
7. Assess Overall Military Readiness, Transformation Efforts, and Existing Plans to Assure the Sustainability of the All-Volunteer Force
8. Assure the Quality and Competitiveness of the U.S. Education System
9. Strengthen Retirement Security Through Reforming Social Security, Increasing Pension Saving and Promoting Financial Literacy
10. Examine the Costs, Benefits, and Risks of Key Environmental Issues
11. Reform Federal Housing Programs and Related Financing and Regulatory Structure
12. Ensure the Integrity and Equity of Existing Farm Programs
13. Review Federal Efforts to Improve the Image of the United States
Governance Issues That Should be Addressed to Help Ensure an Economical, Efficient, Effective, Ethical, and Equitable Federal Government Capable of Responding to the Various Challenges and Capitalizing on Related Opportunities in the 21st Century
1. Review the Need for Various Budget Controls and Legislative Process Revisions in Light of Current Deficits and Our Long-Range Fiscal Imbalance
2. Pursue the Development of Key National Indicators
3. Review the Impact and Effectiveness of Various Management Reforms Enacted in Recent Years (e.g., GPRA, CFO Act, FFMIA, Clinger-Cohen, etc.
4. Review the Effectiveness of the Federal Audit and Accountability Community, Including the Oversight, Structure, and Division of Responsibility
5. Modernize the Federal Government’s Organizational and Human Capital Models
6. Re-examine the Presidential (Political) Appointment Process
7. Ensure Transparency over Executive Policies and Operations
8. Monitor and Assess Corporate Financial Reporting and Related Standards for Public Companies Accountability
It's Begun
We're all entitled...
Witness - American Express becomes a bank holding company so that we can support it. Who's the next convert to a bank holding company? GMAC is a likely candidate.
GM is begging to be saved and it looks like our leaders will do so. What about the store down the street that has to close? Who is helping them out? When GM gets our dough, will Wagoner keep his job? Can the government - or anybody - do a worse job running GM? Money is not all these companies need. They need sound managers who are not greedy and who plan for the long haul and they need people wanting and able to buy their products. Was there a bailout for the manufacturers of horse buggies 100 years ago? What will be the result of our investment in GM? Has it reached the end of its road, for everything dies eventually? Are we just postponing the inevitable?
And the losses keep mounting. Fannie Mae $29 billion this quarter, AIG 24.5 billion this quarter. Any bets on how large Freddie Mac's loss will be?
Monday, November 10, 2008
What is going on in England?
Life is full of surprises
The board finds it hard to see how - when the economy is falling apart - we can increase the armed forces b y 70,000 and continue to countenance such poor performance in building new weapons systems as
- the Army's new combat vehicle system which is budgeted at $160 billion yet seems to be more of a wish than a practicality
- the Navy's development of new ships which are 8 years late in reaching production
- the Air Force's running at 50% over budget for new planes.
Sunday, November 09, 2008
Doing God's Work
An Iraqi Speaks
From Inside Iraq
November 05, 2008
Obama
I am so happy today. I feel hope in the wind. Obama is the elect president of the U.S of A. Am I happy for Iraq? I don't know. I don't know what will happen and I'm afraid. Will he pull out the troops? Will he care enough to reach a good compromise – fair to the Iraqi people? Or will he have to go overboard in some issues just to prove that he's American? Can he withstand the pressures? But in spite of all my fears, I am so happy for America - You have come such a long way. You had the strength, the will to elect this man of change. And with all my heart I hope he puts America on the path to recovery. To see America again on the pedestal of freedom and democracy, a benign force that heals instead of hurts, unites instead of divides – soon inshalla. I wish to congratulate you all. But to my dear dear friend L – a very special salute indeed. |
- Posted by Sahar IIS at 09:31 AM
Where does it stop?
The Big 3 have been looking for money from anyone with a dollar. No one has seen fit to step forward and sign on the dotted line. Maybe it's because they don;t think it's a good investment. Why is it a good use of taxpayer money?
Market Volatility
Schwartz's idea is to have companies reserve a certain amount of cash to minimize the volatility of its stock and to establish 'standardized' highs and lows for its shares. If the stock hits the low, the company would buy a certain number of shares. If the stock hits the high, the company would buy a certain number of shares. The idea is not as far-fetched as you would think. Germany has a similar system.
Water, water everywhere....
- Only 3% of the world's water is fresh H20, that is usable to drink or to wash
- Water consumption is doubling every 20 years
- 15% of the world's population does not have water they can safely drink
- 75% of the surface water in India, China or Russia is too polluter to use for anything - washing, drinking, fishing.
Saturday, November 08, 2008
It's been 12 years
Friday, November 07, 2008
Get rid of all the rules
Homeland Security On The Job
An interesting idea
It's 24 years later...
A Surprise
Thursday, November 06, 2008
Palin in 2012?
Wednesday, November 05, 2008
Thanks, Steve Schmidt
Had Mr. Schmidt not run the campaign, voters would have had to analyze and evaluate McCain's proposals as to what is good for this country. By following Schmidt's advice, McCain adopted the Bush traits that have made his administration such a disaster for this country and the world. One could readily see that under McCain we'd have different faces but essentially the same low calibre people running the government, we'd rather use inflammatory rhetoric than really solve problems, we'd have an overweening pride and confidence in our own opinions whether or not these opinions were tempered by reality and we'd be so confident of the ultimate worth of our plan that we would never really measure its success as we know we are doing God's work and that is always good.
So, thank you, Stephen Schmidt, you made my job and that of millions of other voters a lot easier.
Tuesday, November 04, 2008
Words from Joe Galloway
These Republicans arrived with a strange combination of contempt for government and hunger for its power, and during their time in the saddle they've done everything they could to destroy the government and the Constitution that our forefathers so carefully constructed to check and balance any self-anointed monarchs' ability to do evil or accumulate dangerous and excessive power.
Where were we the people while this evil was being unleashed on us? Remember the fable of the grasshopper and the ant? We were, with the encouragement of our president, busy playing grasshopper. In the wake of the 9-11 attacks, our president urged us to go to the shopping mall. Go be grasshoppers. Consume everything, save nothing, live like there’s no tomorrow, like winter will never come.
Guess what? Winter has arrived.
In the name of national security, of homeland security, our right to privacy has been whittled away, legally and illegally. Big Brother has been listening, but only for our own good.
With the arrogance common to those who are ignorant of both history and the world, these people threw away our standing in that world, declaring that everyone must either be with us or against us. We hardly noticed as the world paid attention to what we did, not what we said, and then quietly chose the latter option.
In pursuit of our newfound civic duty as consumers, we hardly noticed that nearly everything we bought was marked "Made in China."
Made in China and bought on credit, our credit and our country's. Made in China and made with lead paint and poisonous plastics that threatened the lives of our children and killed our dogs, substances that escaped notice until far too late because the rabid deregulators had pulled our watchdogs' teeth.
They demanded unfettered capitalism, and in the hands of the Wall Street robber barons that was turned into pure evil, pure greed and pure folly. Now millions of Americans are losing their homes in the mortgage meltdown, and millions more have seen their life savings, their 401ks and IRAs, their hopes of a comfortable retirement, blow away like so many leaves on a cruel Texas norther.
They played on our fears like a mighty Wurlitzer Organ, frightening us with lies into an unnecessary war in Iraq. Frightening us into re-electing George Bush, even after we knew that he was anything but presidential, anything but intelligent, anything but a worthy, effective leader.
They frightened us so badly that we voluntarily surrendered the precious rights that a million American soldiers, sailors, airmen, Marines, Coast Guardsmen and others bought for us with their lives during two centuries of freedom and democracy.
They used fear to violate international law, to torture and imprison thousands of suspected enemies without charges or trials. They used fear and invoked national security to suspend the right of habeas corpus, the foundation of our freedoms.
For these and far too many other sins and transgressions to list in so short a space as this, we the people have every right, and perhaps a duty, to cast them aside, and with them their only hope of avoiding justice and judgment — John McCain, who voted with them 90 percent of the time.
We're right to toss them all aside, and to hope and pray that it's not too late to start repairing the damage they've done to a nation that once was the last, best hope of mankind.
Now what?
Neither McCain nor Obama will be able to do half of what they claimed as their program. We'll still have the same hacks in Congress. We will have to pay more in taxes. The likelihood of getting out of Iraq and Afghanistan in 2009 is very low no matter who wins. Clean coal will not ward off nasty climate change. We will not have better and more affordable health care. The budget of the Defense Department will not be cut to any significant degree.
There is a small hope that if Obama wins he will replace the incompetents that are now in the administrative side of our tripartite government. And that may be enough of a first step back to a country that does more than preach to others, a country that does not live in fear, a country that leads by example, a country that recognizes how small and interconnected this world has become, a country that more often than not does the right thing for itself and for the world.
Why you should run for Congress
What's wrong with this picture?
It will get worse
GM was unable to convince the Treasury to 'loan' it $10 billion. Now the Big 3 are waiting on the Energy Department to 'loan' them $25 billion to develop more fuel-efficient vehicles. Why do we taxpayers have to finance something that smart companies financed on their own?
Sunday, November 02, 2008
A growth market?
They believe in the power of the computer
An Oxford don, Dr Peter Millican, has created a computer application that he feels can detect plagiarism. Mr. Chris Cannon, an unbiased Republican congressman from Utah with a strong interest in cybernetics, has apparently been on a crusade to prove that the computer can detect plagiarism. He decided to test Dr. Millican's software. By chance he happened to have electronic copies of a book by someone named Obama and another by a Mr. Ayers which he thought would be a suitable test for Dr. Millican.
Now you have to know that Mr. Cannon is shy and also has trouble speaking the language used in England. So, he asked his brother-in-law, Robert Fox, an English-speaking California businessman, to contact Dr. Millican to determine whether the good doctor would wish to test his computer program on the two books Mr. Cannon happened to have. If Dr. Millicam agreed, then the Americans would pay him $10,000.
Being a smart person, the good doctor made a fast pass through the two books to judge whether they were likely candidates for his software. He found that they did not appear to be but he was willing to take the Americans $10,000 if they wished him to conduct a full test provided, however, that the results would be made public. Cannon declined the offer because, on further reflection, he was not interested in making an issue of Obama’s memoir “even if it were scientifically proven” to be someone else’s work.