1) It's been a few weeks since my last post, during which time Thanksgiving has come and gone. I hope that everyone had a wonderful holiday, and that you were able to give thanks for all the blessings we have in this country. Yes, economic times are tough (more about that below), and dangers abound all over the world (more about those below, too), but honestly, would you trade places with residents of any other country on the planet right now?
2) It appears as though President Obama is going to make his official decision about the Administration's Afghanistan policy next week. If leaked reports are correct, he will recommend a "surge" of 34,000 U.S. troops. It took him too long to make the decision, but this IS the right choice and he deserves credit for making it. We can't bug out, and that leaves the only alternative as staying in there to win the war. There is more than a little bit of irony in this situation, however. All during the 2008 election campaign, Democrats ran by clamoring that we had focused on the "wrong war" (Iraq), and that if their candidate were elected, he would shift the focus to winning the war on which we should have focused. No sooner does President Obama take office than the inevitable happened, and Democrats started mumbling about "exit strategies" for Afghanistan, a euphemism for "How do we bail out without saying that we're bailing out?" President Obama better be ready for what's coming his way next week--the left in this country is NOT going to be happy. It wants us out of both Iraq and Afghanistan immediately, the consequences be damned.
3) Gotta love those those Iranian Mullahs. They have confiscated the Nobel Peace Prize of Dr. Shirin Ebadi, the lawyer who in 2003 received the prize for her championing of women's and human rights in Iran. Outside of a few bleats of international protest, the move has largely been met with silence. No condemnations from the U.N. Security Counsel or General Assembly (yeah, big shock there, I know). Nothing from the odious U.N. Human Rights Commission. The E.U. has also kept its tongue (wouldn't want to "offend" the Iranians when it loves to buy their oil, or when that might result in the jeopardizing of business contacts now, would it?). And this is the truly evil regime with which the Obama Administration "wants to engage". When a government does something like this, what possible "engagement" could you have with it?
4) There are rumblings out of Israel that a deal could soon be in the works between Israel and Hamas which would see longtime hostage Gilad Shalit traded back to Israel in exchange for one thousand Hamas terrorists. While I hate deals like this, I can certainly understand the motivation behind them. Shalit has been a hostage since June of 2006, and his long ordeal has become a neverending nightmare for Israelis. Unlike the Palestinians, Israel values human life, the despicable portrayals of it in the MSM notwithstanding. It won't rest until its soldiers come home, alive or dead. That is why it gave up truly evil "human beings" like Samir Kuntar in exchange for the bodies of Eldad Regev and Ehud Goldwasser, and that is why it will eventually release terrorists who will certainly do their best to murder more Jews in order to obtain Gilad Shalit.
5) Another economic nightmare might be heading our way. Dubai World has indicated that it will not be able to meet its debt payments. The potential economic failure of the biggest corporation in the oil-rich state, had sent tremors throughout the world community which is rightfully concerned about this potential collapse starting another wave of corporate collapses. However, it seems as though those fears are fortunately misplaced, if for no other reason than the fact that the Dubai government could easily pay off the Dubai World's $60 BILLION debt without a second thought. The incredible irony of the situation? This might result in the strengthening of the devalued U.S. dollar, which had to this point apparently been heading for parity with the Mexican Peso.
6) It's neither political nor sports-related, but I have a confession to make. I am a gaming addict. Not video or computer games. BOARD games. There is one in particular that I absolutely love, a game called "Smallworld". It's fun, intellectually challenging, and better yet, it can be played by entire families. If you want to try something really different, but incredibly fun at the same time, give it a shot. Trust me on this one........
7) One football game I didn't get so see last weekend but would love to have watched was the Repus Bowl, matching 1-8 Detroit against 1-8 Cleveland. My thought that it would be like watching a car wreck--I wouldn't be able to turn away. Those who saw the game ended up seeing a phenomenally entertaining matchup, ultimately won 38-37 by the Lions. The resistible force ended up topping the movable object...........
8) This week's Top Five in College Football:
i) Alabama Crimson Tide (12-0, #1): It wasn't pretty yesterday against Auburn, and you could make a case that the Tide should have lost the game, but it didn't. Alabama did what winning teams do when they're struggling, which was to dig deeper and find a way to get the "W".
ii) Texas Longhorns (12-o, #2): I don't expect the Longhorns to have much trouble with the Nebraska Cornhuskers in the Big Twelve title game, and that's all that stands between Texas and a matchup with either Alabama or Florida.
iii) Florida Gators (11-0, #3): Florida will be 12-0 after it annihilates the Florida State Seminoles tonight. Then, it's off to the SEC title game, which is effectively a "play-in" game for the B(C)S title game.
iv) Cincinnati Bearcats (11-0, #4): Cincinnati still has one obstacle remaining to an undefeated season, a matchup with 9-2 Pittsburgh. The biggest challenge for the Bearcats might be to find a way to keep coach Brian Kelly, who is reported to be high on Notre Dame's wish list one the Fighting Irish get around to firing current coach Charlie Weis.
v) Boise State Broncos (12-0, #5): Pity the Broncos--they may very well not get into a BCS Bowl while a team they beat soundly, the Oregon Ducks, only needs to beat in-state rival Oregon State to go to the Rose Bowl.
Dropped out: No team.
9) The Top Five and Bottom Five in the NFL this week, with the team's record and last week's ranking in brackets:
Top Five
i) New Orleans Saints (10-0, #1): Monday night's game against the high-flying New England Patriots has all the promise of a 41-38 barnburner. Watch it turn out to be a 13-7 snoozefest.
ii) Indianapolis Colts (10-0, #2): The Colts are just three wins away from clinching their division, and four from clinching home field throughout the AFC playoffs.
iii) Minnesota Vikings (9-1, #3): Despite my desire for him to do so, Brett Favre has yet to fall on his face.
iv) San Diego Chargers (7-3, no ranking): That slow start is all but forgotten now, and the Chargers are playing as well as any team in the league.
v) New England Patriots (7-3, #4): The Pats lost an inexplicable game against the Colts, when Bill Bellichick went for a first down on fourth and two on his own 28 yard line with his team holding a 34-28 lead and just a few minutes left in the game. They failed, and it took Peyton Manning exactly four plays to get the Colts into the end zone. Final score, 35-34 for Indianapolis. But, that said, the Pats are still clicking offensively.
Dropped out: Pittsburgh Steelers (6-4, #5)
Bottom Five
i) Cleveland Browns (1-9, #2): See my comment on the game above. And, reports are that team coach Eric Mangini is among the most despised coaches in the NFL. Yup, that's quite the party they have going on in Cleveland.
ii) St. Louis Rams (1-9, #3): Even when healthy, they stank. Now, injuries are knocking out their starters.
iii) Tampa Bay Buccaneers (1-9, #4): Bring back the creamsicle uniforms--it's the only way they can win.
iv) Buffalo Bills (3-7, no ranking): Counterfeit Bills.
v) Detroit Lions (2-9, #1): Worry not, Lions fans. The coveted title of "worst team in the league" is still well within reach, and getting shellacqued 34-12 by the Packers on Thanksgiving Day is ample evidence of that fact.
Dropped out: Kansas City Chiefs (3-7, #5).
The Top Five and Bottom Five in the NHL this week, with the team's record and last ranking in brackets:
Top Five
i) San Jose Sharks (17-6-4, #1): The Sharks are as talented as ever, but we've seen great regular seasons out of them before.
ii) Chicago Black Hawks (16-6-2, no ranking): And now they have Marian Hossa back in the fold. We know he won't do anything in the playoffs, but he'll make an already offense even better.
iii) Calgary Flames (15-6-3, #3): They just shut out the suddenly struggling Red Wings in Detroit last night.
iv) New Jersey Devils (16-6-1, #5): Give the Devils their due, there is no more consistent a team in the NHL.
v) Washington Capitals (14-5-6, #2): The Caps have cooled off a little bit, but are still playing like an elite team.
Dropped out: Colorado Avalanche (14-8-4, #3)
Bottom Five
i) Carolina Hurricanes (5-15-5, #1): Three straight losses keep the 'Canes in last place.
ii) Toronto Maple Laughs (6-11-7, #3): The Maple Laughs have actually won two in a row.
iii) Minnesota Wild (9-12-3, #4): The Wild are an abysmal 2-9-2 on the road.
iv) Edmonton Oilers (10-12-4, no ranking): Like their division-mates in Minnesota, the Oilers are terrible on the road.
v) Montreal Canadiens (12-12-1, #5): The Hab-nots are just hanging until the team's best defenseman, Andrei Markov, hopefully returns in January.
Dropped out: Florida Panthers (10-10-4, #2)
11) The Top Five and the Bottom Five in the NBA this week, with the team's record and last ranking in brackets:
Top Five
i) Los Angeles Lakers (11-3, #1): And now they have Pau Gasol back.
ii) Phoenix Suns (13-3, #2): Running and gunning like they always do, but it's never proven to be a formula for success in the playoffs.
iii) Denver Nuggets (12-4, #5): The Nuggets are still unbeaten (7-0) at home.
iv) Atlanta Hawks (12-4, no ranking): The Hawks are a fun team to watch, and they're young, too. Too bad no one in Atlanta cares.
v) Dallas Mavericks (12-4, no ranking): Dirk Nowitzki just seems to get better with age.
Dropped out (Boston Celtics (12-4, #3), Miami Heat (9-6, #4)
Bottom Five
i) New Jersey Nets (0-16, #1): It goes from bad to worse for the Nets, who got crushed by a thoroughly-mediocre Sacramento Kings team last night.
ii) Minnesota Wild (1-15, #3): If not for the ineptitude of the Nets, the Wild would have a hammerlock on the "worst team in the league" title.
iii) New York Knicks (3-13, #2): Even the Knicks beat up on the Nets recently.
iv) Detroit Pistons (5-11, no ranking): Seven straight losses (and counting) for the misfiring Pistons.
v) Philadelphia 76ers (5-11, no ranking): Doesn't it say a lot that three of the worst teams in the league (and you could make a case that Toronto should be in this group, too) are in the same division?
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Saturday, November 28, 2009
Tuesday, October 13, 2009
It's been a LONG Time........
...........since February 18 of this year, to be specific. How can I explain my absence? It's kind of hard to do so, other than to say "Life got in the way". Like so many others, I am dealing with the fallout of our ailing economy (and where's that recovery that the New York Times keeps hyping? It's not in the legal field, I can tell you that much), and frankly, my main concern has been on keeping my job, rather than on the blog. And, what with the four kids, the three dogs, what can I say--life got in the way.
So, where to begin? So much to discuss.............
1) The economy: It sucks, both in a macro and a micro sense. I alluded to this above. The MSM keeps reporting that things have improved, but I'd like to know where. Companies are still shedding jobs. The dollar keeps tanking (more on that below). The stock markets have come back a long way from their bottom earlier this year, but are still over 4,000 points from their peaks in October 0f 2007. All in all, not good. I suppose that at some point things do have to pick up, but the government's spending itself (and us by extension) isn't helping matters any. And, lest anyone think that this is all on President Obama, that is not the case. This began when Bush 43 was still in the White House, and the size of our national debt and the annual budget deficits is well beyond numbers that ordinary people can comprehend. This can and will ultimately lead to that dreaded curse of the President Peanut Farmer years, "Stagflation". When it does, look out Democrats. There's only so long that you can blame the Republicans, who haven't controlled the Senate since 2006 and the House since the last election. At some point, people WILL hold you responsible for this mess.
2) Afghanistan: President Obama campaigned on a slogan of getting us out Iraq and committing us "full time" to the war in Afghanistan. Leaving aside for the moment my thoughts on Iraq, I had no problem with getting the army the resources it needs to fight properly in Afghanistan. The problem is, the President's base, which is somewhere to the left of Karl Marx, never supported the Afghan War any more than it supported the Iraq War (or any war, for that matter). The left doesn't believe in war, period, and now the President is trapped between his flowery rhetoric and the desire of that left wing base to get us out of Afghanistan. It's a conundrum for him and one that is not easily solved.
3) The Nobel Peace Prize: Someone needs to explain to me why President Obama received it. Keep in mind, the nominations were due 12 days after he was inaugurated. So, in those 12 days, what exactly did he do to merit receiving it? In fact, in the almost nine months that have passed since he took office, what has he done? Iraq: We're still there. Aghanistan: Ditto. The Middle East: things are more bleak than ever (more about THAT below). Iran: Heading full steam towards nuclear armament. North Korea: Already a nuclear power, and just tested out some new missiles last week. I could go on and on, but the Nobel Peace Prize has always been an award based on achievement. I may disagree with the awards received by President Peanut Farmer and former Veep Al Gore, but at least they had accomplished SOMETHING. One argument I've heard is that Obama's award was based on the "changed sentiment towards America" around the world. Really? We've alienated Eastern Europe with our cancellation of the missile shield plans. We've ticked off the Chinese with our insane monetary policy. We've even antagonized the French, who now have have a more muscular foreign policy than we do. So, ultimately, who have we made happy? A bunch of Norwegians. Yeah, that's change we can believe in..............
4) The Dollar: The last I checked, it was heading for parity with Monopoly money. The "weak dollar" policy started under the Bush 43 Administration, and the Obama Administration hasn't done anything to change it. I hated it then, and I hate it now. The value of a currency is a reflection of the confidence other countries have in your economy and your country in general. The dollar's collapse is a clear indication that no one has any faith in the currency. That ought to worry everyone. Worse yet, the sheer amount of money in circulation will only make it that much harder to dig the dollar out of this hole..........if that can ever be done.
5) Iran: It WILL become a nuclear power, if not in 2010 than shortly thereafter. So, what have all those negotiations done for us? Nada. They gave Iran time and it laughed in our faces. There's no other way to describe what we're doing as anything other than appeasement, but history has always shown that appeasement does not work. The Iranian Mullahs are a bunch of apocalyptic loons and their front man is an anti-Semitic, terrorist thug. How can anyone seriously believe that you can negotiate with these people? It truly boggles my mind..........
6) Health Care: I hate this whole issue. I really do. While I am not supportive of the President's plan, I don't get as worked up about it as others do. I grew up in Canada, with socialized medicine, and in terms of what I would call "day to day" care, it was fine. Honestly. HOWEVER, when it came to dealing with specialists, there were wait periods, not only for visits and treatment. Those are waits that we here in he U.S. do not have to endure. Both systems have their virtues, but I think that on balance, our system works better.
7) Israel: Apparently, the one country that merits the ire of the Obama Administration is Israel. Not Iran, not the Palestinians, not North Korea, not Russia. Just Israel. That is why relations between the United States and Israel are as cold as they have been since the Eisenhower Administration, and are likely to grow even worse. Israel is facing an existential threat in Iran, one that the West in general seems to not be taking seriously at all, and yet all that concerns the United States is those horrible "settlements" in the West Bank. Let me ask a rhetorical question: Israel is 20% Arab, and if it were to expel those Arabs, there would be a hue and cry the world over. Yet, it is pretty much accepted that any future Palestinian state would HAVE to be Judenrein. Why? Why is the standard so different? And, then we have the Goldstone Report, which was commissioned by that noted friend of Israel, the United Nations Human Rights Commission, to examine Israel's "conduct" during the Gaza War last December and January. It found that Israel had basically committed one giant war crime from the beginning of the war until the end. In order to arrive at this conclusion, it basically accepted unequivocally every single contention made by the Palestinians while at the same time rejecting all of Israel's arguments. The Report will now be taken up by the U.N. Security Council. Given the dramatic cool-down of American-Israeli relations, does anyone out there think that anything positive will come of this? Yeah, me neither..............
8) Sports: i) It's not a huge issue, but is anyone else out there as appalled by some of those "retro" uniforms we have seen in the NFL this season as I am? Earlier this season, we had the Seattle Seahawks wearing bright green unis that made them look like a bunch of key lime pies. This past weekend, the Denver Broncos wore canary yellow and black unis that made people with good vision envy the blind. Maybe the NFL will sell some extra jerseys, maybe not, but to me, these things are simply hideous.
ii) My Miami Hurricanes are apparently back! After as tough an opening four games as I have ever seen a team play (at Florida State, at home to Georgia Tech, at Virginia Tech, at home to Oklahoma), the Canes emerged 3-1. Before the season, I thought that they could realistically go 0-4, and that 2-2 would be as good as it could possibly get for the team, but the young players, and in particular QB Jacory Harris, are growing up quickly. The team is now 4-1, ranked in the Top Ten, and as well as it has played this season, is probably still a year away from its best.
iii) Back to the NFL: Has anyone seen a year where there have been this many bad teams? Cleveland is 1-4, and this past weekend, its quarterback, Derek Anderson, went 2 for 17 for 23 yards.......and the Browns STILL won, beating the equally hapless and hopeless Buffalo Bills 6-3. The Bills are also 1-4. And, scary as it may seem, these aren't the worst teams out there. The Tampa Bay Buccaneers are 0-5. Ditto the Kansas City Chiefs. The Rams are also winless and the Washington Redskins have one win, which was over the Rams. The Oakland Raiders are an atrocious 1-4, with their single win coming over Kansas City. And even though the Detroit Lions FINALLY won a game (perspective check: it was over Washington), they're still 1-4. The combined record of those teams: 5-35.
iv) The NHL season has started, and my Habs are off to a sputtering 2-3 start, including a blowout 7-1 loss in Vancouver. I wasn't optimistic about the team even before the season began, as last year's collapse, which resulted in a blowout four-game sweep by the Boston Bruins in the first found of the playoffs, resulted in a gutting of the team. Somehow, after all was said and done, the Canadiens managed to get smaller and even less tough. Worse yet, their best defenseman, Andrei Markov, is injured and out until at least February. It's going to be a lousy season in Habs-land.....................
v) The Baseball playoffs are well underway. Three of the Division Series' resulted in sweeps (Los Angeles Angels of Anaheim over my Boston Red Sox, Evil Empire New York Yankees over the Minnesota Twins, Los Angeles Dodgers over the St. Louis Cardinals), and the other one only went four games (Philadelphia Phillies over the Colorado Rockies). Honestly, I don't seen anything that will prevent the Evil Empire from capturing World Series title number 27. Yeah, I know that the Angels have in the past given the Yankees problems, but this New York team is an offensive machine that just can't be stopped. It's nauseating, but the Angels, Phillies and Dodgers are simply battling for the right to call themselves the second-best team in Baseball. Even more depressing, you can be sure that the Evil Empire will use the billions of dollars at its disposal to sign even more free agents this coming off-season. As I said, depressing.........
That's it for my first blog entry in nine months. I'll try not go as long before the next one!
So, where to begin? So much to discuss.............
1) The economy: It sucks, both in a macro and a micro sense. I alluded to this above. The MSM keeps reporting that things have improved, but I'd like to know where. Companies are still shedding jobs. The dollar keeps tanking (more on that below). The stock markets have come back a long way from their bottom earlier this year, but are still over 4,000 points from their peaks in October 0f 2007. All in all, not good. I suppose that at some point things do have to pick up, but the government's spending itself (and us by extension) isn't helping matters any. And, lest anyone think that this is all on President Obama, that is not the case. This began when Bush 43 was still in the White House, and the size of our national debt and the annual budget deficits is well beyond numbers that ordinary people can comprehend. This can and will ultimately lead to that dreaded curse of the President Peanut Farmer years, "Stagflation". When it does, look out Democrats. There's only so long that you can blame the Republicans, who haven't controlled the Senate since 2006 and the House since the last election. At some point, people WILL hold you responsible for this mess.
2) Afghanistan: President Obama campaigned on a slogan of getting us out Iraq and committing us "full time" to the war in Afghanistan. Leaving aside for the moment my thoughts on Iraq, I had no problem with getting the army the resources it needs to fight properly in Afghanistan. The problem is, the President's base, which is somewhere to the left of Karl Marx, never supported the Afghan War any more than it supported the Iraq War (or any war, for that matter). The left doesn't believe in war, period, and now the President is trapped between his flowery rhetoric and the desire of that left wing base to get us out of Afghanistan. It's a conundrum for him and one that is not easily solved.
3) The Nobel Peace Prize: Someone needs to explain to me why President Obama received it. Keep in mind, the nominations were due 12 days after he was inaugurated. So, in those 12 days, what exactly did he do to merit receiving it? In fact, in the almost nine months that have passed since he took office, what has he done? Iraq: We're still there. Aghanistan: Ditto. The Middle East: things are more bleak than ever (more about THAT below). Iran: Heading full steam towards nuclear armament. North Korea: Already a nuclear power, and just tested out some new missiles last week. I could go on and on, but the Nobel Peace Prize has always been an award based on achievement. I may disagree with the awards received by President Peanut Farmer and former Veep Al Gore, but at least they had accomplished SOMETHING. One argument I've heard is that Obama's award was based on the "changed sentiment towards America" around the world. Really? We've alienated Eastern Europe with our cancellation of the missile shield plans. We've ticked off the Chinese with our insane monetary policy. We've even antagonized the French, who now have have a more muscular foreign policy than we do. So, ultimately, who have we made happy? A bunch of Norwegians. Yeah, that's change we can believe in..............
4) The Dollar: The last I checked, it was heading for parity with Monopoly money. The "weak dollar" policy started under the Bush 43 Administration, and the Obama Administration hasn't done anything to change it. I hated it then, and I hate it now. The value of a currency is a reflection of the confidence other countries have in your economy and your country in general. The dollar's collapse is a clear indication that no one has any faith in the currency. That ought to worry everyone. Worse yet, the sheer amount of money in circulation will only make it that much harder to dig the dollar out of this hole..........if that can ever be done.
5) Iran: It WILL become a nuclear power, if not in 2010 than shortly thereafter. So, what have all those negotiations done for us? Nada. They gave Iran time and it laughed in our faces. There's no other way to describe what we're doing as anything other than appeasement, but history has always shown that appeasement does not work. The Iranian Mullahs are a bunch of apocalyptic loons and their front man is an anti-Semitic, terrorist thug. How can anyone seriously believe that you can negotiate with these people? It truly boggles my mind..........
6) Health Care: I hate this whole issue. I really do. While I am not supportive of the President's plan, I don't get as worked up about it as others do. I grew up in Canada, with socialized medicine, and in terms of what I would call "day to day" care, it was fine. Honestly. HOWEVER, when it came to dealing with specialists, there were wait periods, not only for visits and treatment. Those are waits that we here in he U.S. do not have to endure. Both systems have their virtues, but I think that on balance, our system works better.
7) Israel: Apparently, the one country that merits the ire of the Obama Administration is Israel. Not Iran, not the Palestinians, not North Korea, not Russia. Just Israel. That is why relations between the United States and Israel are as cold as they have been since the Eisenhower Administration, and are likely to grow even worse. Israel is facing an existential threat in Iran, one that the West in general seems to not be taking seriously at all, and yet all that concerns the United States is those horrible "settlements" in the West Bank. Let me ask a rhetorical question: Israel is 20% Arab, and if it were to expel those Arabs, there would be a hue and cry the world over. Yet, it is pretty much accepted that any future Palestinian state would HAVE to be Judenrein. Why? Why is the standard so different? And, then we have the Goldstone Report, which was commissioned by that noted friend of Israel, the United Nations Human Rights Commission, to examine Israel's "conduct" during the Gaza War last December and January. It found that Israel had basically committed one giant war crime from the beginning of the war until the end. In order to arrive at this conclusion, it basically accepted unequivocally every single contention made by the Palestinians while at the same time rejecting all of Israel's arguments. The Report will now be taken up by the U.N. Security Council. Given the dramatic cool-down of American-Israeli relations, does anyone out there think that anything positive will come of this? Yeah, me neither..............
8) Sports: i) It's not a huge issue, but is anyone else out there as appalled by some of those "retro" uniforms we have seen in the NFL this season as I am? Earlier this season, we had the Seattle Seahawks wearing bright green unis that made them look like a bunch of key lime pies. This past weekend, the Denver Broncos wore canary yellow and black unis that made people with good vision envy the blind. Maybe the NFL will sell some extra jerseys, maybe not, but to me, these things are simply hideous.
ii) My Miami Hurricanes are apparently back! After as tough an opening four games as I have ever seen a team play (at Florida State, at home to Georgia Tech, at Virginia Tech, at home to Oklahoma), the Canes emerged 3-1. Before the season, I thought that they could realistically go 0-4, and that 2-2 would be as good as it could possibly get for the team, but the young players, and in particular QB Jacory Harris, are growing up quickly. The team is now 4-1, ranked in the Top Ten, and as well as it has played this season, is probably still a year away from its best.
iii) Back to the NFL: Has anyone seen a year where there have been this many bad teams? Cleveland is 1-4, and this past weekend, its quarterback, Derek Anderson, went 2 for 17 for 23 yards.......and the Browns STILL won, beating the equally hapless and hopeless Buffalo Bills 6-3. The Bills are also 1-4. And, scary as it may seem, these aren't the worst teams out there. The Tampa Bay Buccaneers are 0-5. Ditto the Kansas City Chiefs. The Rams are also winless and the Washington Redskins have one win, which was over the Rams. The Oakland Raiders are an atrocious 1-4, with their single win coming over Kansas City. And even though the Detroit Lions FINALLY won a game (perspective check: it was over Washington), they're still 1-4. The combined record of those teams: 5-35.
iv) The NHL season has started, and my Habs are off to a sputtering 2-3 start, including a blowout 7-1 loss in Vancouver. I wasn't optimistic about the team even before the season began, as last year's collapse, which resulted in a blowout four-game sweep by the Boston Bruins in the first found of the playoffs, resulted in a gutting of the team. Somehow, after all was said and done, the Canadiens managed to get smaller and even less tough. Worse yet, their best defenseman, Andrei Markov, is injured and out until at least February. It's going to be a lousy season in Habs-land.....................
v) The Baseball playoffs are well underway. Three of the Division Series' resulted in sweeps (Los Angeles Angels of Anaheim over my Boston Red Sox, Evil Empire New York Yankees over the Minnesota Twins, Los Angeles Dodgers over the St. Louis Cardinals), and the other one only went four games (Philadelphia Phillies over the Colorado Rockies). Honestly, I don't seen anything that will prevent the Evil Empire from capturing World Series title number 27. Yeah, I know that the Angels have in the past given the Yankees problems, but this New York team is an offensive machine that just can't be stopped. It's nauseating, but the Angels, Phillies and Dodgers are simply battling for the right to call themselves the second-best team in Baseball. Even more depressing, you can be sure that the Evil Empire will use the billions of dollars at its disposal to sign even more free agents this coming off-season. As I said, depressing.........
That's it for my first blog entry in nine months. I'll try not go as long before the next one!
Monday, December 22, 2008
Some miscellaneous thoughts for a Manic Monday
Some random thoughts from across the political and sporting world on a cold, windy Monday morning.
1) History is occurring in the Motor City, where the Detroit Lions, at 0-15, are just one loss at Green Bay away from completing the first 0-16 season in NFL history. Now, I was on the record last year as saying that I didn't think that a team could go 16-0, and the Patriots went out and proved me wrong. I've always thought that it's more difficult for a team to go winless than undefeated--at some point, the law of averages was going to kick in and a bad team was going to catch a nearly-as-bad team on day where the latter squad wasn't playing well. The Packers are hardly a powerhouse, but given the way Detroit rolled over and played dead yesterday at home in its 42-7 loss to the New Orleans Saints, it's hard to see the de-clawed Lions putting up much of a fight in the cold of Green Bay. So, let's all look forward to next Sunday, when Detroit (hopefully) makes football history!
2) So the feds are going to bail out the Big Three automakers after all. More of tax dollars go down the tubes. Yes, I understand the logic behind this--the ripple effect on the economy would be devastating if any of them failed (it wouldn't just be car manufacturer, after all; it would also be the dealerships, the parts suppliers and manufacturers, etc.), but the bailout provides no incentive to the Big Three to do anything to change their ways. They'll still be paying exorbitant wages to their union workers and the bailout doesn't provide for any wage rollback. How smart is that? Not very, I'd say. So, my guess is that in a few months, we'll be right back at this point, with them begging for more money.
3) Russia is selling advanced weapons to Iran, including the most advanced anti-missile weaponry the Russians have. As hard as it is to deal with Iran now, can you imagine how hard it will be to confront them after they have these weapons? Memo to President-Elect Obama: Cut the crap about Russia being our strategic partner. It isn't. It IS our enemy, and every one of its actions is designed to convey that fact to us.
4) If New York Yankees-haters such as myself weren't already dispirited enough by the Bronx Bombers' signings of A.J. Burnett and C.C. Sabathia, now NBC Sports is reporting that the Yankees may sign Manny Ramirez. Honestly, at what point does this end? I know that New York is by far the wealthiest franchise in Baseball (and probably the richest professional sports franchise in North America), but does this team REALLY need an All-Star at every position? I guess that Yankees fans will smugly respond with a "yes"................
5) Merry Christmas to all 0f my Christian readers and a Happy Hannukah to those who are Jewish. No generic "Season's Greetings" or "Holiday Wishes" to anyone. I hate that. I may be as Jewish as they come, but I am never offended by anyone who wishes me a Merry Christmas, because I know that the sentiment behind the expression, a wish that everyone have a wonderful holiday, is sincere and motivated by the best of intentions. So, feel free to wish me a Merry Christmas if you're so inclined!
1) History is occurring in the Motor City, where the Detroit Lions, at 0-15, are just one loss at Green Bay away from completing the first 0-16 season in NFL history. Now, I was on the record last year as saying that I didn't think that a team could go 16-0, and the Patriots went out and proved me wrong. I've always thought that it's more difficult for a team to go winless than undefeated--at some point, the law of averages was going to kick in and a bad team was going to catch a nearly-as-bad team on day where the latter squad wasn't playing well. The Packers are hardly a powerhouse, but given the way Detroit rolled over and played dead yesterday at home in its 42-7 loss to the New Orleans Saints, it's hard to see the de-clawed Lions putting up much of a fight in the cold of Green Bay. So, let's all look forward to next Sunday, when Detroit (hopefully) makes football history!
2) So the feds are going to bail out the Big Three automakers after all. More of tax dollars go down the tubes. Yes, I understand the logic behind this--the ripple effect on the economy would be devastating if any of them failed (it wouldn't just be car manufacturer, after all; it would also be the dealerships, the parts suppliers and manufacturers, etc.), but the bailout provides no incentive to the Big Three to do anything to change their ways. They'll still be paying exorbitant wages to their union workers and the bailout doesn't provide for any wage rollback. How smart is that? Not very, I'd say. So, my guess is that in a few months, we'll be right back at this point, with them begging for more money.
3) Russia is selling advanced weapons to Iran, including the most advanced anti-missile weaponry the Russians have. As hard as it is to deal with Iran now, can you imagine how hard it will be to confront them after they have these weapons? Memo to President-Elect Obama: Cut the crap about Russia being our strategic partner. It isn't. It IS our enemy, and every one of its actions is designed to convey that fact to us.
4) If New York Yankees-haters such as myself weren't already dispirited enough by the Bronx Bombers' signings of A.J. Burnett and C.C. Sabathia, now NBC Sports is reporting that the Yankees may sign Manny Ramirez. Honestly, at what point does this end? I know that New York is by far the wealthiest franchise in Baseball (and probably the richest professional sports franchise in North America), but does this team REALLY need an All-Star at every position? I guess that Yankees fans will smugly respond with a "yes"................
5) Merry Christmas to all 0f my Christian readers and a Happy Hannukah to those who are Jewish. No generic "Season's Greetings" or "Holiday Wishes" to anyone. I hate that. I may be as Jewish as they come, but I am never offended by anyone who wishes me a Merry Christmas, because I know that the sentiment behind the expression, a wish that everyone have a wonderful holiday, is sincere and motivated by the best of intentions. So, feel free to wish me a Merry Christmas if you're so inclined!
Saturday, December 13, 2008
Just Checking In!
No, I haven't forgotten about the blog. I have been distracted by the impending move of my firm and the many activities of the little BHG's. So.......here are some thoughts on various issues in the world:
1) A strange way to start this, but I read in this week's Sports Illustrated that former UConn Huskies women's basketball star Sue Bird (who, to be honest, I've always thought was very cute--let's just get that on the table right now!) was Jewish. Curious, I googled her name and the term "Jewish". Several inane entries popped up, including a Wikipedia entry on her (apparently, her dad is Jewish). However, the fifth entry that popped up on the Google search page was a posting on the Stormfront webpage (no, I'm NOT going to link to it). For those of you who don't know, Stormfront is a neo-Nazi/White Supremacist website. It asked if she was really Jewish, made some comments about how Jewish women are unattractive, etc. I felt sick just reading it. The thing is, there are people out there who really believe this crap............
2) We are now two weeks after the terrorist attacks in Mumbai. Here's a note to Agence France Presse, the BBC, Associated Press, New York Times, etc.: The subhumans who did this were not GUNMEN. They were not MILITANTS. They were not ACTIVISTS. THEY WERE TERRORISTS. And, as an aside to the New York Times, you can stop speculating about how the Chabad House may have been "an unintended target". It's already come out that in the city of almost 20 million people, this one, tiny oasis of Jewish life was specifically targeted over a year before the terrorist attack. This was no coincidence, you morons at the Times.........
3) What's $243.5 million between friends? That's the price tag on the New York Yankees spending spree on two pitchers so far this off-season ($161 million over seven years for CC Sabathia, $82.5 over five for A.J. Burnett), and there is no sign that the Yankees are done. After, Derek Lowe, Mark Teixeira and Manny Ramirez are still out there, as is Ben Sheets. It's pretty clear that the Bronx Bombers will spend whatever it takes to return to the playoffs next year, and even if they stopped now, they're a virtual lock in my mind to get there. Apparently, missing the playoffs once ever fifteen years is unacceptable. I just don't see how other teams can compete with them from a financial standpoint. Right now, it's very depressing to be a fan of any other team in Baseball.
4) The on-again, off-again bailout of the Motown Three (GM, Chrysler and Ford) is off again, for now anyway. I have little doubt that it will be revived again in the very near future. The fact of the matter is that there are hundreds of thousands of jobs (not just those employed by the Big Three, but all of the various businesses who service the auto industry) depending on the viability of the Detroit automakers. If they go under, much of the country's economy will go down with them. That said, I have opposed a bailout, if for no other reason than the exorbitant wages being paid those affiliated with the United Auto Workers (UAW). What's the point in pouring money into any automaker when it's simply going to end up in union hands, leaving GM, Chrysler or Ford to come begging for more money in a year, or two, or three, or whatever. Until union wages are scaled back, no bailout as far as I'm concerned.
5) The stench emanating out of the Governor's Mansion in Illinois just grows more powerful by the day. I know that Chicago politics have an unsavory reputation around the country, and there's a reason for that--the city is rife with corruption. But, even by Chicago standards, what Governor Rod Blagojevich tried to do (allegedly, I know), which was sell off the soon-to-be vacated Senate seat of President-Elect Barack Obama to the highest bidder while daring the FBI to catch him doing it, was obscene. The man had and has no shame; if he did, he would have resigned already. The question now, will this become somehow tied to Mr. Obama? I personally doubt it, because A) I truly don't think that Obama knew what Blagojevich was doing (the same may not be said for certain members of his transition team, however), and B) Even if he did, NOTHING sticks to the guy. He's going to the first teflon President.
6) Has anyone else watched the pandemonium in the Canadian government. First, we had the three opposition parties, the Liberals, NDP and Bloc Quebecois, try to stage an informal coup by banding together to form a coalition which would oust the governing Conservative Party. That was followed by the leader of the Conservatives, Prime Minister Stephen Harper, tracking down the Governor General and getting her to suspend Parliament until January. Not to be outdone, the Liberals, who form the largest opposition party, promptly turfed out their only occasionally coherent leader, Stephane Dion, and are replacing him with Michael Ignatieff. Once Parliament is back in session, it is anticipated that the coalition maneuvering will resume. What fun! Who said that Canada is boring?
1) A strange way to start this, but I read in this week's Sports Illustrated that former UConn Huskies women's basketball star Sue Bird (who, to be honest, I've always thought was very cute--let's just get that on the table right now!) was Jewish. Curious, I googled her name and the term "Jewish". Several inane entries popped up, including a Wikipedia entry on her (apparently, her dad is Jewish). However, the fifth entry that popped up on the Google search page was a posting on the Stormfront webpage (no, I'm NOT going to link to it). For those of you who don't know, Stormfront is a neo-Nazi/White Supremacist website. It asked if she was really Jewish, made some comments about how Jewish women are unattractive, etc. I felt sick just reading it. The thing is, there are people out there who really believe this crap............
2) We are now two weeks after the terrorist attacks in Mumbai. Here's a note to Agence France Presse, the BBC, Associated Press, New York Times, etc.: The subhumans who did this were not GUNMEN. They were not MILITANTS. They were not ACTIVISTS. THEY WERE TERRORISTS. And, as an aside to the New York Times, you can stop speculating about how the Chabad House may have been "an unintended target". It's already come out that in the city of almost 20 million people, this one, tiny oasis of Jewish life was specifically targeted over a year before the terrorist attack. This was no coincidence, you morons at the Times.........
3) What's $243.5 million between friends? That's the price tag on the New York Yankees spending spree on two pitchers so far this off-season ($161 million over seven years for CC Sabathia, $82.5 over five for A.J. Burnett), and there is no sign that the Yankees are done. After, Derek Lowe, Mark Teixeira and Manny Ramirez are still out there, as is Ben Sheets. It's pretty clear that the Bronx Bombers will spend whatever it takes to return to the playoffs next year, and even if they stopped now, they're a virtual lock in my mind to get there. Apparently, missing the playoffs once ever fifteen years is unacceptable. I just don't see how other teams can compete with them from a financial standpoint. Right now, it's very depressing to be a fan of any other team in Baseball.
4) The on-again, off-again bailout of the Motown Three (GM, Chrysler and Ford) is off again, for now anyway. I have little doubt that it will be revived again in the very near future. The fact of the matter is that there are hundreds of thousands of jobs (not just those employed by the Big Three, but all of the various businesses who service the auto industry) depending on the viability of the Detroit automakers. If they go under, much of the country's economy will go down with them. That said, I have opposed a bailout, if for no other reason than the exorbitant wages being paid those affiliated with the United Auto Workers (UAW). What's the point in pouring money into any automaker when it's simply going to end up in union hands, leaving GM, Chrysler or Ford to come begging for more money in a year, or two, or three, or whatever. Until union wages are scaled back, no bailout as far as I'm concerned.
5) The stench emanating out of the Governor's Mansion in Illinois just grows more powerful by the day. I know that Chicago politics have an unsavory reputation around the country, and there's a reason for that--the city is rife with corruption. But, even by Chicago standards, what Governor Rod Blagojevich tried to do (allegedly, I know), which was sell off the soon-to-be vacated Senate seat of President-Elect Barack Obama to the highest bidder while daring the FBI to catch him doing it, was obscene. The man had and has no shame; if he did, he would have resigned already. The question now, will this become somehow tied to Mr. Obama? I personally doubt it, because A) I truly don't think that Obama knew what Blagojevich was doing (the same may not be said for certain members of his transition team, however), and B) Even if he did, NOTHING sticks to the guy. He's going to the first teflon President.
6) Has anyone else watched the pandemonium in the Canadian government. First, we had the three opposition parties, the Liberals, NDP and Bloc Quebecois, try to stage an informal coup by banding together to form a coalition which would oust the governing Conservative Party. That was followed by the leader of the Conservatives, Prime Minister Stephen Harper, tracking down the Governor General and getting her to suspend Parliament until January. Not to be outdone, the Liberals, who form the largest opposition party, promptly turfed out their only occasionally coherent leader, Stephane Dion, and are replacing him with Michael Ignatieff. Once Parliament is back in session, it is anticipated that the coalition maneuvering will resume. What fun! Who said that Canada is boring?
Wednesday, November 26, 2008
Happy Thanksgiving, Everyone, and some thoughts on that and other miscellaneous subjects........
1) Happy Thanksgiving! I hope that everyone enjoys the holiday, and is able to spend it with friends and/or family about whom they care!
2) I made a big mistake the other day--I opened up my 401(k) statement. NOT a smart thing to do, as (if I had any hair) it would have caused it to fall out. I know that I have to keep repeating "I'm in it for the long haul", but it is really dispiriting to see that so much of my supposed "wealth" has vanished over the past 12 months...........
3) So far, President-Elect Barack Obama is hewing to a fairly centrist course in his cabinet nominees........with the possible exception of his selection as the head of the NSA, Admiral James Jones. Jones is no friend of Israel, and between him and presumptive Secretary of State Hillary Clinton (who is still tight with Yasser Arafat's widow, Suha), it looks fairly certain that we will see a more Arabist foreign policy out of the United States during an Obama Administration.
4) I read a column the other day from some nutcase leftist in the Detroit Free Press which called for Nancy Pelosi to start impeachment hearings for President Bush and VP Dick Cheyney immediately, "for the sake of the economy". Let's think about this for a second, shall we? President Bush is scheduled to leave office in 55 days, Does anyone REALLY think that he is going to be able to do all that much in the next eight weeks (minus one day), or is this just more delusional ranting on the part of another unhinged BDS sufferer who can't accept the fact that the Chosen One won't take power until January 20? Regardless, it isn't going to happen, and if it did, it would amount to a Coup D'Etat, making the United States look like nothing more or less than some tinpot third world dictatorship.
5) This thought just crossed my mind. Right now, the New York Giants and the New York Jets are both playing the best football in their respective conferences. The Giants look every bit as unbeatable as the Patriots did last season (which should send a chill down the spine of all Giants fans), and the Jets went into Tennessee last Sunday and absolutely crushed the previously unbeaten Titans 34-13. Let's say that the Giants make it to the NFC Championship game. No one would be surprised if that happened. But, it is not out of the question that the New York Jets will also host a title game, either if they catch Tennessee for the conference title (unlikely but not impossible, given that the Titans have a very tough schedule the rest of the way and the Jets do not), or if Tennessee gets knocked off before the AFC title game. So, my question is this: The Giants and Jets share a stadium. Both conference championship games would be on the same day--How would that work? Which team gets their logo painted in the end zones? Logistically, I just don't know how the NFL will work it.
6) The less said about my Montreal Canadiens, the better. After a hot start, Montreal can't get out of its own way, and is now staring up in the standings at the Boston Bruins, who look like they are ready to leave the Habs way behind. The Montreal power play is a complete mess, and the penalty killing is a joke. It seems as though teams have learned how to play against the Canadiens--let them make their pretty passing plays, clog up the neutral zone and force the team outside. The Canadiens can't seem to deal with this. The bottom line is this--unless things change quickly in Montreal, the 100th anniversary of the team's founding has the potential to be as disappointing a season as any in this team's history.
2) I made a big mistake the other day--I opened up my 401(k) statement. NOT a smart thing to do, as (if I had any hair) it would have caused it to fall out. I know that I have to keep repeating "I'm in it for the long haul", but it is really dispiriting to see that so much of my supposed "wealth" has vanished over the past 12 months...........
3) So far, President-Elect Barack Obama is hewing to a fairly centrist course in his cabinet nominees........with the possible exception of his selection as the head of the NSA, Admiral James Jones. Jones is no friend of Israel, and between him and presumptive Secretary of State Hillary Clinton (who is still tight with Yasser Arafat's widow, Suha), it looks fairly certain that we will see a more Arabist foreign policy out of the United States during an Obama Administration.
4) I read a column the other day from some nutcase leftist in the Detroit Free Press which called for Nancy Pelosi to start impeachment hearings for President Bush and VP Dick Cheyney immediately, "for the sake of the economy". Let's think about this for a second, shall we? President Bush is scheduled to leave office in 55 days, Does anyone REALLY think that he is going to be able to do all that much in the next eight weeks (minus one day), or is this just more delusional ranting on the part of another unhinged BDS sufferer who can't accept the fact that the Chosen One won't take power until January 20? Regardless, it isn't going to happen, and if it did, it would amount to a Coup D'Etat, making the United States look like nothing more or less than some tinpot third world dictatorship.
5) This thought just crossed my mind. Right now, the New York Giants and the New York Jets are both playing the best football in their respective conferences. The Giants look every bit as unbeatable as the Patriots did last season (which should send a chill down the spine of all Giants fans), and the Jets went into Tennessee last Sunday and absolutely crushed the previously unbeaten Titans 34-13. Let's say that the Giants make it to the NFC Championship game. No one would be surprised if that happened. But, it is not out of the question that the New York Jets will also host a title game, either if they catch Tennessee for the conference title (unlikely but not impossible, given that the Titans have a very tough schedule the rest of the way and the Jets do not), or if Tennessee gets knocked off before the AFC title game. So, my question is this: The Giants and Jets share a stadium. Both conference championship games would be on the same day--How would that work? Which team gets their logo painted in the end zones? Logistically, I just don't know how the NFL will work it.
6) The less said about my Montreal Canadiens, the better. After a hot start, Montreal can't get out of its own way, and is now staring up in the standings at the Boston Bruins, who look like they are ready to leave the Habs way behind. The Montreal power play is a complete mess, and the penalty killing is a joke. It seems as though teams have learned how to play against the Canadiens--let them make their pretty passing plays, clog up the neutral zone and force the team outside. The Canadiens can't seem to deal with this. The bottom line is this--unless things change quickly in Montreal, the 100th anniversary of the team's founding has the potential to be as disappointing a season as any in this team's history.
Thursday, November 13, 2008
Where am I?
Some random thoughts regarding just about everything............
1) Has anyone else noticed how Senator Barack Obama, now that he's the President-Elect, is now delivering comments and speeches in font of a podium which reads "Office of the President Elect"? How %^@!! presumptuous and full of oneself can this guy be? Nobody has ever done anything like this before him. That is just the height of hubris.
2) Robert Malley was supposedly pushed out of the Obama foreign policy team, but that may not be true after all. It seems as though Mr. Malley took a trip to Cairo and Damascus shortly after the election to inform the dictators running those countries that they could expect some changes in U.S. foreign policy once Barack Obama is sworn in as the President: http://reformsyria.org/index.php?option=com_content&view=article&catid=84:us-european&id=2211:obamas-road-to-damascus&Itemid=201 (translation: He will be more pro-Arab). Well, gee, I am shocked. It's only what I have been saying for months. Now, the groundwork is being laid for it to actually happen. Assuming that it does, every supporter of Israel who voted for him will have a lot of explaining to do.
3) I'm still stuck in a post-Disneyworld rut. No one ever wants a vacation to end, and this one was no exception. It's hard for me to believe that just a week ago today, I was trekking around Disney Hollywood (formerly Disney MGM) Studios. Mrs. BHG and I are already talking about the NEXT Disney vacation, which unfortunately won't be for a while. We'd like to stay at the Animal Kingdom Lodge for that one. The oldest of the little BHGs already asked if we can go back next year. I had to break it to him that these vacations aren't exactly cheap.
4) I see that oil prices have dropped nearly 62% from their July high of $147/barrel. They are currently hovering around $56.50/barrel, with some analysts forecasting that they will continue to drop, possibly as low as $40/barrel. I don't know if it will go that low--OPEC will continue to cut production in order to prevent the price from dropping too far. However, while we are all happy about the over 50% decrease in gasoline prices over the last four months, we should also be mindful of the fact that the biggest reason for this decline is decreased demand caused not by the high prices but by the global economic slowdown (and in particular, the one here in the U.S.). If and when the economy picks up, so will the price of oil (and gas). The mantra I was chanting during the price run-up remains just as true now as it did then--We need to get ourselves off the oil addiction, and soon. All we are doing by continuing it is to fund countries who by and large hate us.
5) Amazingly, I got to see something the last week of October that this area of the country hadn't seen in a quarter century, which was a local professional sports franchise get crowned as a champion. The Philadelphia Phillies were deserving winners of the World Series, going 11-3 in the playoffs and losing no more than one game in any series. In the World Series, they throttled the American League Champion, the upstart Tampa Bay Rays. something that the Chicago White Sox and Boston Red Sox had utterly failed to do in the post-season. Here's what I found most impressive about the Phillies' win: They didn't lose a game at home during the playoffs, going 7-0. In Baseball, home field advantage means less than it does in other sports, so that kind of a run is hard to achieve. I may be wrong about this, but I think that the last team not to lose a game at home in the playoffs was the 1998 New York Yankees, a juggernaut that won 114 regular season games (22 more than the 2008 Phillies). That's pretty impressive company. Better yet, on October 31 there was a season-ending celebration at Citizen's Bank Ballpark, where the team plays, and I was able to take the eldest of the little BHGs, who is a sports nut, to it. As I told him, sports champions from this area are all too rare, so he should enjoy this to the fullest.
1) Has anyone else noticed how Senator Barack Obama, now that he's the President-Elect, is now delivering comments and speeches in font of a podium which reads "Office of the President Elect"? How %^@!! presumptuous and full of oneself can this guy be? Nobody has ever done anything like this before him. That is just the height of hubris.
2) Robert Malley was supposedly pushed out of the Obama foreign policy team, but that may not be true after all. It seems as though Mr. Malley took a trip to Cairo and Damascus shortly after the election to inform the dictators running those countries that they could expect some changes in U.S. foreign policy once Barack Obama is sworn in as the President: http://reformsyria.org/index.php?option=com_content&view=article&catid=84:us-european&id=2211:obamas-road-to-damascus&Itemid=201 (translation: He will be more pro-Arab). Well, gee, I am shocked. It's only what I have been saying for months. Now, the groundwork is being laid for it to actually happen. Assuming that it does, every supporter of Israel who voted for him will have a lot of explaining to do.
3) I'm still stuck in a post-Disneyworld rut. No one ever wants a vacation to end, and this one was no exception. It's hard for me to believe that just a week ago today, I was trekking around Disney Hollywood (formerly Disney MGM) Studios. Mrs. BHG and I are already talking about the NEXT Disney vacation, which unfortunately won't be for a while. We'd like to stay at the Animal Kingdom Lodge for that one. The oldest of the little BHGs already asked if we can go back next year. I had to break it to him that these vacations aren't exactly cheap.
4) I see that oil prices have dropped nearly 62% from their July high of $147/barrel. They are currently hovering around $56.50/barrel, with some analysts forecasting that they will continue to drop, possibly as low as $40/barrel. I don't know if it will go that low--OPEC will continue to cut production in order to prevent the price from dropping too far. However, while we are all happy about the over 50% decrease in gasoline prices over the last four months, we should also be mindful of the fact that the biggest reason for this decline is decreased demand caused not by the high prices but by the global economic slowdown (and in particular, the one here in the U.S.). If and when the economy picks up, so will the price of oil (and gas). The mantra I was chanting during the price run-up remains just as true now as it did then--We need to get ourselves off the oil addiction, and soon. All we are doing by continuing it is to fund countries who by and large hate us.
5) Amazingly, I got to see something the last week of October that this area of the country hadn't seen in a quarter century, which was a local professional sports franchise get crowned as a champion. The Philadelphia Phillies were deserving winners of the World Series, going 11-3 in the playoffs and losing no more than one game in any series. In the World Series, they throttled the American League Champion, the upstart Tampa Bay Rays. something that the Chicago White Sox and Boston Red Sox had utterly failed to do in the post-season. Here's what I found most impressive about the Phillies' win: They didn't lose a game at home during the playoffs, going 7-0. In Baseball, home field advantage means less than it does in other sports, so that kind of a run is hard to achieve. I may be wrong about this, but I think that the last team not to lose a game at home in the playoffs was the 1998 New York Yankees, a juggernaut that won 114 regular season games (22 more than the 2008 Phillies). That's pretty impressive company. Better yet, on October 31 there was a season-ending celebration at Citizen's Bank Ballpark, where the team plays, and I was able to take the eldest of the little BHGs, who is a sports nut, to it. As I told him, sports champions from this area are all too rare, so he should enjoy this to the fullest.
Monday, October 6, 2008
No solution
The Wall Street bailout package (which contained more pork than all of the world's pig farms combined) hasn't done anything to alleviate the anxiety in the stock markets, which today have plunged to their lowest levels in four years: http://biz.yahoo.com/ap/081006/wall_street.html. I could say "I told you so".........so I will. I was against this package from the get-go because it did nothing to address the fundamental problems which underpinned the credit crisis (bad business decisions by mortgage companies, politically correct lending practices by FannieMae and FreddieMac, etc., etc.). So, the market keeps tumbling, and guess what? It's going to continue to fall. It wouldn't surprise me to see us hit lows not seen since the market bottomed out after 9/11. For those of us who have 401(k) plans, the only advice I have is to grit your teeth and repeat "I'm in it for the long haul", because unless you're planning to retire in the next few years (in which case you really are in trouble), there is no point in selling your stocks now.
Wednesday, September 24, 2008
The Meltdown is only beginning
The dominoes keep falling, and no one seems to care, or even notice. We have the government proposing a bailout of the mortgage industry that will cost--best case scenario--$700 billion (roll that number around your heads for a while), though I think that it much more likely that it will go well past the trillion dollar figure. We have a dollar that was in freefall until a couple of months ago, when it finally levelled off. We have a deficit that is already absurd and which, if this bailout plan is finally passed, as seems likely, will reach a level from which it be impossible for us to recover, and I really do mean impossible.
How will this impact all of us? In the following fashion. Our dollar will collapse. Completely: http://www.telegraph.co.uk/global/main.jhtml?view=DETAILS&grid=&xml=/global/2008/09/24/noindex/dollar.xml&source=EMC-exp_24092008. And what will the effect of THAT be? Let me put it in terms to which everyone can relate:
1) Remember those $4/gallon gas prices from just three months ago? Well, keep in mind that oil is purchased and sold in dollars, so a dollar worth a lot less means that it will cost a lot more to buy a lot less of it. That's Economics 101. By the time prices stabilize, we'll likely be looking at gas which will cost $5 a gallon (at a minimum), and more likely $6/gallon, if not more.
2) I have four kids (and those three commando basset hounds). They cost money to feed, clothe, etc. So, that gallon of milk that you have to buy? It's now going to cost you $4. That American cheese you buy for the sandwiches? Get ready for $3+ per pound, as opposed to the current $1.99 a pound you pay on sale currently. The two litre bottle of Coke, the one that used to cost 99 cents a bottle? It'll now set you back $1.50 a bottle or more.
3) We all need clothes, shoes, etc. That pair of Levis, the one you get at BJ's Wholesale Club for $20, will now cost $25. The New Balance tennis shoes will jump up in price by at least 20%, and probably more.
I think that you all get the picture. A Dollar collapse will hit us all, everywhere. It will affect every aspect of our lives, from the way we live to, in some extreme cases, whether we live. Am I being alarmist? Maybe, but it would seem foolish on our part not to at least consider the scenario I have outlined. We can't overcome a problem by ignoring it, though too often that is exactly what our government (which is merely an extension of us) does. Can the collapse of the dollar be avoided? I don't know, but I have to hope so, because the future is frankly to scary to contemplate if it does.
How will this impact all of us? In the following fashion. Our dollar will collapse. Completely: http://www.telegraph.co.uk/global/main.jhtml?view=DETAILS&grid=&xml=/global/2008/09/24/noindex/dollar.xml&source=EMC-exp_24092008. And what will the effect of THAT be? Let me put it in terms to which everyone can relate:
1) Remember those $4/gallon gas prices from just three months ago? Well, keep in mind that oil is purchased and sold in dollars, so a dollar worth a lot less means that it will cost a lot more to buy a lot less of it. That's Economics 101. By the time prices stabilize, we'll likely be looking at gas which will cost $5 a gallon (at a minimum), and more likely $6/gallon, if not more.
2) I have four kids (and those three commando basset hounds). They cost money to feed, clothe, etc. So, that gallon of milk that you have to buy? It's now going to cost you $4. That American cheese you buy for the sandwiches? Get ready for $3+ per pound, as opposed to the current $1.99 a pound you pay on sale currently. The two litre bottle of Coke, the one that used to cost 99 cents a bottle? It'll now set you back $1.50 a bottle or more.
3) We all need clothes, shoes, etc. That pair of Levis, the one you get at BJ's Wholesale Club for $20, will now cost $25. The New Balance tennis shoes will jump up in price by at least 20%, and probably more.
I think that you all get the picture. A Dollar collapse will hit us all, everywhere. It will affect every aspect of our lives, from the way we live to, in some extreme cases, whether we live. Am I being alarmist? Maybe, but it would seem foolish on our part not to at least consider the scenario I have outlined. We can't overcome a problem by ignoring it, though too often that is exactly what our government (which is merely an extension of us) does. Can the collapse of the dollar be avoided? I don't know, but I have to hope so, because the future is frankly to scary to contemplate if it does.
Thursday, September 18, 2008
Greed is good! Greed is right!
I remember that line from Gordon Geckko's speech to stockholders in the movie "Wall Street", and it seems particularly prophetic as I (and everyone else in the United States) ponder Wall Street's collapse over the past week, and in a more specific sense, the failures over recent months of Bear Stearns, AIG, Lehman Brothers, Morgan Stanley, FannieMae, FeddieMac, etc., etc., etc.: http://meganmcardle.theatlantic.com/. Here are some numbers for one and all to ponder: The Dow Jones Industrial Average ("DJIA"), which is considered by virtually everyone to be the bellweather for the health of the stock market, closed yesterday at 10,609.66, dropping almost 450 points. This followed Monday's 500+ point drop. On October 9, 2007, the DJIA closed at 14,164.53, its all-time high. After yesterday's close, it has dropped in value since that date by 3,554.87 points, or 25.1% (and those figures are even worse overseas), and that's despite the government pouring almost half a TRILLION dollars into the market to rescue some of those failed corporations. Like so many others, I have a 401(k) plan. That means that my investments--my FUTURE--are worth that much less today than they were 11 months ago. Given that so many people in the country have similar plans, that goes for them, too.
So, the inevitable question becomes, "Who is to blame for this mess?". To me, the answer is "All of us." At the risk of offending my conservative brethren, we overly deregulated in the late 1990s (thanks to a Republican Congress and a Democratic President). We the people over-leveraged our properties. Our banks got caught up in the property speculation boom and lent money to people who never should have received loans and then were shocked when those people couldn't repay the loans. The Federal Reserve pursued (in my opinion) a borderline idiotic policy regarding interest rates, making it far too easy for people to obtain loans that as noted above they could not repay. SOME CEO's (not all) looted their companies and then took golden parachutes as the company's employees were left hanging when the companies failed. We all followed Gordon Geckko's mantra; Greed is good, greed is right........
Ultimately, the situation will iron itself out--it always does. However, the road back will be long, painful, and it will be years for the market to recover the ground lost since October of last year. That said, here's what I want out of our "leaders" in Washington: SHUT UP. Stop the posturing. Stop the finger-pointing. This isn't a Democratic problem. It isn't a Republican problem. It is an AMERICAN problem. Do your jobs and work for us. Figure this out. Or, am I asking too much of them?
So, the inevitable question becomes, "Who is to blame for this mess?". To me, the answer is "All of us." At the risk of offending my conservative brethren, we overly deregulated in the late 1990s (thanks to a Republican Congress and a Democratic President). We the people over-leveraged our properties. Our banks got caught up in the property speculation boom and lent money to people who never should have received loans and then were shocked when those people couldn't repay the loans. The Federal Reserve pursued (in my opinion) a borderline idiotic policy regarding interest rates, making it far too easy for people to obtain loans that as noted above they could not repay. SOME CEO's (not all) looted their companies and then took golden parachutes as the company's employees were left hanging when the companies failed. We all followed Gordon Geckko's mantra; Greed is good, greed is right........
Ultimately, the situation will iron itself out--it always does. However, the road back will be long, painful, and it will be years for the market to recover the ground lost since October of last year. That said, here's what I want out of our "leaders" in Washington: SHUT UP. Stop the posturing. Stop the finger-pointing. This isn't a Democratic problem. It isn't a Republican problem. It is an AMERICAN problem. Do your jobs and work for us. Figure this out. Or, am I asking too much of them?
Monday, September 15, 2008
Maybe so, but.........
An Op-Ed in today's Wall Street Journal has a perfectly valid explanation for the increasingly bellicose behaviour of Venezuela's Hugo Chavez., to wit, "It's the economy, stupid.": http://online.wsj.com/article/SB122143547989234217.html?mod=djemEditorialPage. Simply put, Venezuela's economy isn't doing so well right now, despite the billions in oil revenue that the country is taking in, and its ally in Bolivia is doing even worse.
HOWEVER......that doesn't mean that we should take Mr. Chavez lightly--by cozying up with our old Cold War enemy, Russia, he has indicated unequivocally that he will be a thorn in our sides, and with that oil revenue, he can be much more of a menace than Fidel Castro ever was.
HOWEVER......that doesn't mean that we should take Mr. Chavez lightly--by cozying up with our old Cold War enemy, Russia, he has indicated unequivocally that he will be a thorn in our sides, and with that oil revenue, he can be much more of a menace than Fidel Castro ever was.
Thursday, September 4, 2008
Welcome to the party, Wall Street Journal!
I've blogged previously about how the United States in general benefits greatly from a strong dollar. To me, this seems fairly obvious. A strong dollar means that it is worth more, which means that it buys more. We all benefit. That simple logic seems to have escaped the powers that be in Washington, however, and we have been subjected to (as the Journal describes it) years of "malign neglect" of the dollar: http://online.wsj.com/article/SB122048621675397153.html?mod=djemEditorialPage. This is so true and SO dangerous. Look at these basic facts: As the dollar was in freefall earlier this year, we saw commodity prices in general and oil prices in particular rise to previously unseen levels. That's when gasoline rose above $4 a barrel, and the cost of living went up for everyone. Fuel prices were just the most visible example. However, the collapse of the dollar also caused a spike in food prices (just to cite a prominent example).
The greenback has come back somewhat in the past few months--and, surprise surprise, commodity prices have fallen commensurately--but it's still a long, long way from what could be considered to be a healthy range. The next President, be it John McCain or Barack Obama, NEEDS to make sure that the dollar is strong. If they don't, the voters may very well be looking for a replacement come 2012.
The greenback has come back somewhat in the past few months--and, surprise surprise, commodity prices have fallen commensurately--but it's still a long, long way from what could be considered to be a healthy range. The next President, be it John McCain or Barack Obama, NEEDS to make sure that the dollar is strong. If they don't, the voters may very well be looking for a replacement come 2012.
Tuesday, September 2, 2008
Left wing talking points 101
You can always count on the left for calm, rational discussion of national issues. For example, take this Op-Ed from Philadelphia Daily News columnist Fatima Ali, in which she promises a race and class war if John McCain is elected President: http://www.philly.com/dailynews/opinion/20080902_Fatimah_Ali__We_need_Obama__not_4_more_years_of_George_Bush.html. The thing is, I believe her. The left in this country has invested so much emotion (and not enough thought) in getting Barack Obama elected that if he DOESN'T win, it will vent its frustration out somehow, and riots are as likely as any possible outcome of an Obama defeat. If you thought that the left was better after the 2000 and 2004 Presidential elections, you ain't seen nothin' yet, as the cliche goes.
Tuesday, August 19, 2008
Of course
There is a great column in today's Wall Street Journal on how the Federal Reserve's short-sighted fiscal policies have led to the worst inflationary pressure this country has seen in over 25 years: http://online.wsj.com/article/SB121910289433951323.html?mod=djemEditorialPage. Gee, ya think? The Fed's policies are nothing short of stupid, and they have led not only to inflation but to a collapse of the dollar. Yeah, I know that the dollar has gone up of late and oil prices have come down from their absurd highs in July, but that's a function of the market correcting itself, nothing more. You know what happens after the correction is complete? Prices go back up again, of course, usually to levels even higher than they were before the correciton began.
History is full of examples of what happens when we do not manage our money wisely. Why do we seem completely incapable of learning from those examples?
History is full of examples of what happens when we do not manage our money wisely. Why do we seem completely incapable of learning from those examples?
Friday, August 15, 2008
Likely a Pyrrhic victory
A Quebec court has imposed a collective bargaining pact on a Walmart in Gatineau, Quebec: http://www.cbc.ca/canada/montreal/story/2008/08/15/ot-walmart-080815.html. I'm not a big fan of Walmart--I think that the stuff it sells is largely crap, and that it puts too many local, smaller businesses OUT of business. That said, it clearly serves a purpose--selling goods at affordable prices. So, the practical effect of imposing a collective bargaining agreement on it will serve one of two purposes. The first would be that it will drive up those prices. The second is the more likely outcome--Walmart may elect to pull out of Quebec. If it does so, those workers crowing about their "victory" will instead end up unemployed. Assuming that that does happen, what has the union accomplished?
Friday, August 8, 2008
Rusting away
The decline of the so-called "Rust Belt", which has been the subject of commentary for the past 30 years, has seemingly intensified over the last four or five: http://promo.realestate.yahoo.com/americas-fastest-dying-cities.html. To me, this is a sadder commentary on the United States in general. At one point in the not-too-distant past, this was a country which actually made things. Many of those manufacturing jobs were based in the Rust Belt--Ohio, Michigan, Pennsylvania, Northern Indiana, etc. Now, they are overseas, and an entire area of the country is suffering because of it. You can't just blame it on the failures of Big Three automakers (GM, Ford, Chrysler), though that this certainly a large part of the problem.
Sunday, July 20, 2008
They don't get it
The Democrats apparently feel as though $4.00 a gallon (and $8.55 in that unfortunate Alaskan town) gasoline isn't expensive enough. So, with oil still hovering in record territory, they are proposing a HIKE in the gas tax: http://www.foxnews.com/story/0,2933,386643,00.html. Honestly, how can people see them as being better handlers of the economy? Their response to people who are struggling to pay the current price of gasoline is to ask them to pay more????
Friday, July 18, 2008
And what exactly do the Democrats plan to do about this?
Gas in one particularly remote Alaskan town has hit the absurd price of $8.55 a gallon: http://news.yahoo.com/s/nm/20080718/lf_nm_life/gasoline_alaska_dc. The Republicans, agree with them or not, are at least trying to propose some options. What are we getting out of the Democrats? Nothing other than obstruction and almost a "let them eat cake (and ride their bicycles)" attitude.
My job takes me all over the state, and I lug a big trial bag around wherever I go. Sorry, but a bike's not an option for me, nor is public transportation. The Democrats, as usual, offer me nothing in terms of viable ideas or solutions to the increasing cost of fuel. Their sole gesture seems to be to say "no" to everything; No to more drilling; Not to shale oil; No to more clean coal development; No to more nuclear power; No to everything, in fact. Just how do they propose that we get the cost of energy to go down? Do they even want it to go down? Or, with typical liberal self-hatred, do they think that we deserve to pay higher costs for fuel?
My job takes me all over the state, and I lug a big trial bag around wherever I go. Sorry, but a bike's not an option for me, nor is public transportation. The Democrats, as usual, offer me nothing in terms of viable ideas or solutions to the increasing cost of fuel. Their sole gesture seems to be to say "no" to everything; No to more drilling; Not to shale oil; No to more clean coal development; No to more nuclear power; No to everything, in fact. Just how do they propose that we get the cost of energy to go down? Do they even want it to go down? Or, with typical liberal self-hatred, do they think that we deserve to pay higher costs for fuel?
Thursday, July 17, 2008
Pole dancing for gasoline
Someone should send this to James Taranto at the Wall Street Journal, for his "The World is Spinning out of Control" series: http://www.wafb.com/global/story.asp?s=8684852.
S0rry, maybe I'm just a hard-hearted jackass, but I'm having a lot of trouble taking this story seriously...........
S0rry, maybe I'm just a hard-hearted jackass, but I'm having a lot of trouble taking this story seriously...........
The numbers don't lie. Well, maybe they do.
The Wall Street Journal has published another Op-Ed on the dangers of inflation, a problem that is suddenly on everyone's radar screen once again: http://online.wsj.com/article/SB121625005807760049.html?mod=djemEditorialPage. I know that the Federal Reserve is claiming that inflation is hovering around 5.0%, but I dismiss that number because it doesn't include food or fuel prices. How can you have an accurate measure of inflation when the books are obviously being cooked? Fuel and food costs are basic necessities--everyone, rich or poor, needs them, so it would seem logical that the true measure of inflation would include those costs. The fact that the government doesn't do so means that the statistics it is providing to us are lies, plain and simple.
Tuesday, July 15, 2008
What goes down must come up
Oil prices fell today by over $6 a barrel, over concerns that it is overpriced, among other things: http://news.yahoo.com/s/ap/20080715/ap_on_bi_ge/oil_prices. A couple of perspective checks here. One, it is still just as expensive as it was last week. Two, the U.S. dollar continues to plummet, reaching new lows on almost a daily basis. This guarantees that the price of oil won't fall far, if it continues to fall at all. So, don't get too excited.
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