7.03.2015

Throwing in the Badge ... I am officially retired

End sequence of Dirty Harry



  • I started working (in a job that would have paid into Social Security) in 1967 (farm labor at $ 1. per hour in a greenhouse in Delhi OH. 

Comment: Dirty Harry was released in December 1971. I am officially unemployed


About my time at Norwest / Wells Fargo:

  • I had what I would regard as a good career with them. I think Wells Fargo is a great company from my vantage point of a customer and an investor. 
  • I was fairly paid ... and well paid! I thank the Lord for this
  • I had some really good managers: Jeff W, Steve K, Denise R; and some so so managers; and one very bad manager (fortunately for less than 6 months)
  • I learned a lot:
    • Technical:
      • JCL
      • MVS systems programming
      • PL/1
      • COBOL
      • HTML
      • CSS
      • Cold Fusion 
    • Non-technical: Mostly in the realm of project management
  • I made many many friends and one or two enemies (that's not too bad!)
  • Am I going to miss it? Time will tell. As of today I am glad I am retired. 

6.30.2015

Cisco buys OpenDNS



Cisco buys a DNS provider to protect you in the cloud

Excerpt:


When you think of internet security from Cisco, you probably imagine firewalls and routers (usually) stopping hackers and malware from hitting your network. You're going to have to expand that definition very shortly, though. Cisco has snapped up OpenDNS, whose domain name services you might have used to dodge regional restrictions or improve on your internet provider's less-than-stellar connection. The networking giant isn't making the acquisition for any of those reasons, though. Instead, it's all about boosting Cisco's cloud security -- the goal is to defend against attacks on your corporate network wherever you happen to be, and to predict threats before they strike. You might not get much first-hand experience with the fruits of this merger, but things will likely kick into high gear when the purchase closes later in 2015. And in case you're wondering: no, OpenDNS' existing services aren't going away. They'll continue to run as-is (and importantly, expand) under the deal, so you won't have to scrounge around for an alternative.
Comment: Previous OpenDNS posts . Official announcement

You too can throw money at Greece!



Greek debt crisis: Crowdsourcing campaign 'is not a joke'

Excerpt:

Twenty-nine-year-old Thom Feeney has set up a crowdsourcing page asking people to "chip in a few Euro then we can get Greece sorted and hopefully get them back on track soon".
Comment: Greek Bailout Fund

6.29.2015

The Greek Referendum



Greek Debt Crisis: Europe, Athens Race to Sway Greeks in Bailout Referendum

Excerpt:

Greeks now face an intense referendum campaign against the backdrop of an economy going into deep freeze. Over the coming days, the debate about the history-making consequences of voting “yes” or “no” is likely to polarize their crisis-bruised society. In the balance are the future of the nation and Europe’s 16-year experiment with a common currency.
Comment: The choice is less real money (austerity with the Euro) or an abundance of fake money (the Greek drachma). Image capture from The Financial Times


My password logbook


  • I kept a 17 year log of passwords
  • Since June 17th, 1998
  • Before our password standards changed, I had such exciting passwords as "mudejar", "smidgen", "samshu" and "opaque", "dilbert", "tractor", "wooden", "discover", and "Saturn97"
  • I shredded it on June 22nd of this year

Kicking the Can: “If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.”



Greece: without compromise a tragedy awaits
Excerpt:

As noted more fully here the first instinct is for creditors and debtors alike to bury their heads in the sand and talk rather than act…effectively to kick the debt can down the road as they did over much of the last few years helped more recently by rate cuts and the introduction of QE.
Comment:Image is snapped from the article.

Greece in the Caribbean



Puerto Rico facing historic default on its $72 billion debt
Excerpt:


Puerto Rico is just days away from a historic economic collapse after the commonwealth's governor said the island cannot pay its $72 billion in debts. Gov. Alejandro GarcĂ­a Padilla, who took office two years ago, said in a statement Monday that the government's attempts to slash expenditures and restructure its debt have failed. He said an analysis by former World Bank and International Monetary Fund officials "for the first time acknowledges the true extent of the problem." With several massive payments looming in the coming weeks, Padilla scheduled a media conference for 5 p.m. Monday to address the situation. Over the weekend, Padilla told The New York Times that the government's finances were "in a death spiral" and that "the debt is not payable." The inability of the U.S. territory to repay its debt, combined with the financial crisis in Greece, would have far-reaching implications for financial markets and unsuspecting American investors. Morningstar, an investment research firm based in Chicago, estimated in 2013 that as much as 80% of Puerto Rico's debt has found its way into muni-bond funds, and 180 mutual funds in the United States and elsewhere have at least 5% of their portfolios in Puerto Rican bonds. Puerto Rico, which became a territory of the United States in 1898 after a war with Spain, cannot legally file for bankruptcy, as American cities like Detroit have done when faced with similar fiscal crises. The island's constitution, however, states that Puerto Rico must make its debt payments before it pays for any other government services, leaving the island in a fiscal limbo if it cannot make its payments.
Comment: Image snap from the Economist

6.28.2015

Germany awaits GREXIT






Greece Orders Banks Closed, Imposes Capital Controls to Stem Deposit Flight

Excerpt:

In Germany, which is Greece’s biggest creditor, Sunday newspapers led with headlines such as “Game Over?” and the word “Exit” in ancient Greek. Leading politicians who had called for leniency with Athens in the past voiced fury, and many conservatives said it was high time for a Greek exit from the euro to be prepared.
Comment: Image capture from German news sites.

Personal Debt: Faces and Stories



Photographer Brittany Powell asked people to pose at home and explain their levels of debt
thedebtproject.net
gofundme.com/thedebtproject

Comment: Image snap is from official page (2nd link). Use the first link to read the stories

6.26.2015

Greece: staring down the barrel of a gun



Checkmate: Is this Greece’s final, final deadline?
Excerpt:

After nearly six years of bailouts and brinkmanship, Greece and its creditors are staring down the barrel of a gun Friday as they face a weekend deadline to seal a reforms-for-rescue deal -- or a default by Greece. In what analysts and markets see as the final deadline, Greece has to reach a deal with creditors Saturday or it will fail to make a crucial debt payment due to the International Monetary Fund (IMF), next week on Tuesday.
Comment: Image source.  Advice ... let 'em go ....

6.25.2015

SCOTUScare ... and it's still NOT Affordable



The 7 Best Lines from Justice Scalia’s Blistering Obamacare Dissent

Excerpt:

"The Act that Congress passed makes tax credits available only on an “Exchange established by the State.” This Court, however, concludes that this limitation would prevent the rest of the Act from working as well as hoped. So it rewrites the law to make tax credits available everywhere. We should start calling this law SCOTUScare.”
Obamacare still faces these big challenges

Excerpt:


As many enrollees are discovering, the “Affordable” Care Act is somewhat misnamed. Healthcare costs continue to rise faster than wages or overall inflation, putting a financial burden even on people who have healthcare. A recent study by the Commonwealth Fund found that 23% of Americans who have healthcare coverage are “underinsured,” meaning their out-of-pocket spending on healthcare is more than 10% of their income in a given year. Deductibles and other out-of-pocket costs have been rising because consumers and businesses have been opting for plans with lower premiums—which usually require the patient to bear more of the cost before 100% coverage kicks in. The irony is that insurance has gotten more affordable, but actual healthcare hasn’t.
Comment: Image source ... modified with. In our post-modern world words no longer convey absolutes

Updated:

6.24.2015

My Retirement was Announced Today


Jim will be retiring on July 3rd after 22 years with Wells Fargo. While I am excited for Jim that he is able to move on to the next chapter in his life, I will truly miss having him on my team. Jim’s greatest quality is caring about people and he shows that to everyone he meets. Please join me in congratulating Jim on his retirement.

Thank you!

Tami K.

Technology Manager Release Management
Comment: 7 more days! Image Source