10.29.2007

1969: AIDS virus invaded U.S.

Study: AIDS virus invaded U.S. from Haiti in 1969

Excerpts:

They found that HIV was brought to Haiti by an infected person from central Africa in about 1966, which matches earlier estimates, and then came to the United States in about 1969.

The researchers think an unknown single infected Haitian immigrant arrived in a large city like Miami or New York, and the virus circulated for years -- first in the U.S. population and then to other nations.
----
"That one infection would have become two, and then it doubles again and the two becomes four," Worobey said. "So you have a period -- probably a fair number of years -- where you're dealing with probably fewer than a hundred people who are infected.

"And then, as with epidemic expansion, at some point the hundred becomes 200, you start getting into thousands, tens of thousands. And then quite rapidly you can be up into the hundreds of thousands of infections that were probably already there before AIDS was recognized in the early 1980s."
----
Studies suggest the virus first entered the human population in about 1930 in central Africa, probably when people slaughtered infected chimpanzees for meat.

Auto Mailer

Auto Mailer

From the website:

Auto Mailer is easy to use, yet powerful bulk email software. Use Auto Mailer to send individual, personalized emails to your customers, contacts, or newsletter subscribers.

You can send plain text or HTML messages quickly with parallel threads. You can send email using the built-in SMTP server, your own ISP's SMTP server, or your MAPI email client (such as Outlook Express). It includes mail merge capabilities so you can personalize your messages. It also includes a "Verify" mode so you can validate your email addresses without actually sending a message. You can schedule a mail job to run unattended at a later time, or use the command line interface to run Auto Mailer unattended from a batch file. All emails are sent just as you compose them, there are no banners or ads appended to your messages. Auto Mailer has built-in provisions to prevent it from being used to send spam. Auto Mailer comes in 3 versions: Free, Standard, or Professional


Comments:


  1. I downloaded this at work today and put it through it's paces.
  2. Input "sendto" file is either plain text or comma delimited (like an export from Excel).
  3. The message file can either be plain text or HTML. I used the HTML option.
  4. My manager authorized me to purchase the professional version which has a command line interface. This mailer is completely separate from Outlook.
  5. Runs on both XP and Vista


Very cool and I recommend it.

Time to buy bank stocks?

After drop, a potential bargain in bank stocks

Excerpts:

Bank shares are so cheap and their dividends so high that some of the world's biggest investors now say the combination is unbeatable.

...

The last time Bank of America and Wells Fargo had yields that high was in the early 1990s, just before a 44 percent advance in financial stocks.

...

At Wells Fargo, the yield jumped to 5.5 percent on Sept. 28, 1990. The lender soared 120 percent the following year, compared with a 26 percent advance in the S&P 500. Wells Fargo's current indicated yield stands at 3.59 percent.

...

Dividend yields of U.S. banks now exceed those of telephone companies and utilities, which have averaged the highest cash payouts in the S&P 500 in the past five years, according to Bloomberg data.

The 30-member S&P 500 Utilities index yields a 2.88 percent dividend, 27 percent less than the KBW Bank index. The S&P 500 Telecommunication Services index yields 3.03 percent.





WFC on Google Finance

Habakkuk 2:4

Habakkuk 2:2-4:


Then the LORD answered me and said:


“ Write the vision
And make it plain on tablets,
That he may run who reads it.
3 For the vision is yet for an appointed time;
But at the end it will speak, and it will not lie.
Though it tarries, wait for it;
Because it will surely come,
It will not tarry.
4 “ Behold the proud,
His soul is not upright in him;
But the just shall live by his faith.


Don Diehl preached on Habakkuk in the Sunday p.m. message at 4th yesterday. It was very thought provoking, and I commend him for tackling the entire book in 1 message!

Question: Do you know where and what context Habakkuk 2:4 is utilized in the New Testament?

Answer (where):


  1. Romans 1:17
  2. Galatians 3:11
  3. Hebrews 10:38


Romans 1:17 was especially impactful in the conversion of Martin Luther:

"There I began to understand [in Romans 1:17] that the righteousness of God is that by which the righteous lives by a gift of God, namely by faith . . . Here I felt that I was altogether born again and had entered the gates of paradise itself through open gates. There a totally other face of the entire Scripture showed itself to me. Thereupon I ran through the Scriptures from memory. I also found in other terms an analogy, as, the work of God, that is, what God does in us, the power of God, with which he makes us strong, the wisdom of God, with which he makes us wise, the strength of God, the salvation of God, the glory of God"


List: Old Testament verses recorded in the New Testament


I find it interesting that the Apostle Paul cited Habakkuk in his synagogue message at Antioch in Pisidia (Habakkuk 1:5 as cited in Acts 13:41)!

Lateralapalooza

Greatest ending ever? Trinity needs 15 laterals to pull out improbable victory

Excerpt:

In an unprecedented finish that had more twists and turns than the surreal Cal-Stanford ending of 1982, Trinity University executed 15 laterals before scoring a touchdown at the final gun to clinch an improbable 28-24 win over Millsaps College.

History will show that Riley Curry rumbled 44 yards through the exhausted Millsaps special teams to score the game-winner for Trinity. But no one will ever forget the sheer zaniness of the Lateralapalooza, from beginning to end, as the winning score lasted 46 seconds in real time -- most likely an NCAA record (if such records are kept).

Comment: Be sure to view You-Tube associated with article.

10.28.2007

George F. Will: The divisive debate that doesn't matter

Abortion's ‘So-What’ factor

Conclusion:

So, the overturning of Roe might not result from a Republican president's alteration of the court's balance. But suppose it did.


Again, so what? Many, perhaps most, Americans, foggy about the workings of their government, think that overturning Roe would make abortion, one of the nation's most common surgical procedures, illegal everywhere. All it actually would do is restore abortion as a practice subject to state regulation. But because Californians are content with current abortion law, their legislature probably would adopt it in state law.


It is not irrational for voters to care deeply about a candidate's stance regarding abortion because that stance is accurately considered an important signifier of the candidate's sensibilities and sympathies, and of his or her notion of sound constitutional reasoning. But regarding abortion itself, what a candidate thinks about abortion rights is not especially important.

Comments: Christians often look to politics for solutions to moral issues. Overturning Roe v Wade would not stop abortion, it would just turn it back to the states. Because of this, to make "abortion" a single issue on the selection of a Presidential candidate is unwise.

If you are a word lover, check out George Will's use of "ukase" in the 2nd paragraph. I thought it might have been a typo for "new case". See ukase in the M-W. Listen to the pronounciations (three of them). Here's your challenge: use it in a sentence at work this week. See if anyone understands you!

Blame it on global warming

Have you noticed how easy it is for politicians (many Democrats) to blame most anything on "global warming"?!

Global warming to blame for fires, says Harry Reid

Excerpt:

"One reason why we have the fires in California is global warming," the Nevada Democrat told reporters, emphasizing the need to pass the Democrats' comprehensive energy package.

Pressed by astonished reporters on whether he really believed global warming caused the fires, he appeared to back away from his comments, saying there are many factors that contributed to the disaster.

Perhaps in the case of the California wildfires, there is a failure of policy. Read more below:

Rethinking Fire Policy in the Tinderbox Zone

National
Rethinking Fire Policy in the Tinderbox Zone
By KIRK JOHNSON and JESSE McKINLEY
Published: October 28, 2007
Many California residents are ruggedly obstinate about the choice they have made to live with the constant threat of fire.

Excerpt:

Fire-management experts like Professor Minnich, who has compared fire histories in San Diego County and Baja California in Mexico, say the message is clear: Mexico has smaller fires that burn out naturally, regularly clearing out combustible underbrush and causing relatively little destruction because the cycle is still natural. California has giant ones because its longtime policies of fire suppression — in which the government has kept fires from their normal cycle — has created huge pockets of fuel that erupt into conflagrations that must be fought.

“We’re on all year round,” said Brett Chapman, a firefighter with the United States Forest Service who worked 15-hour shifts this week in the Lake Arrowhead area east of Los Angeles.

The main problem is that many in California are ruggedly obstinate about the choice they have made to live with the constant threat of fire. Even state officials who are interested in change concede it could take a decade — and more catastrophic wildfires — before it happens.

“If you’re going to live in paradise,” said Randall Holloman, a bar and restaurant owner in Cedar Glen, which is in an area that has burned twice in four years, “you’re going to have to deal.”

In San Diego County, which has borne the brunt of the recent fires, three out of four homes built since 1990 are in the dangerous zone where open spaces and housing meet. These are the most vulnerable and exposed places in fire season because wildfires by and large start in national forests, recreation areas and other publicly owned lands. About half of the land in San Diego County is publicly owned, much of it in the Cleveland National Forest.

Had this week’s fires burned in the same locations in 1980, about 61,000 homes would have been within a mile of a fire. By 2000, the number would have grown to 106,000 homes, and this year it was 125,000, according to an analysis by the University of Wisconsin.

Comments: Hurricanes are going to happen and actually are beneficial to the environment, replenishing water supplies. The problem is that the US has a policy (in the case of New Orleans) of building below sea level. And in the coastal areas, federal flood policy supports rebuilding on beach front properties. In the case of California, its a failure of fire policy! Politicians capitalize on these events of nature to leverage their own political agenda. In the case of Harry Reid, to "pass the Democrats' comprehensive energy package".

Democrats: Trillion-Dollar Baby

Trillion-Dollar Baby: Charlie Rangel's very revealing tax increase

Excerpt:

[Rangel] is wily enough to realize he has to wrap this homely child in the ribbon of "tax reform," and yesterday he even invoked the memory of Ronald Reagan's 1986 reform success. If only the Gipper were still here to have fun with that one. Readers of a certain age might recall that the 1986 reform traded lower tax rates (a top rate of 28%) for fewer loopholes and deductions. Mr. Rangel's idea of reform is to raise tax rates in order to offer more deductions.

With one very revealing exception. Mr. Rangel does propose to cut the corporate tax rate, of all things, to 30.5% from 35% today. He'd "pay" for this by reducing business credits and deductions. This is revealing because it is a tacit admission that tax rates really do matter to investment choices.


Comment: tax reform or just more taxes? See also below ...

Edwards plans big for presidency

Excerpt:

John Edwards says if he's elected president, he'll institute a New Deal-like suite of programs to fight poverty and stem growing wealth disparity. To do it, he said, he'll ask many Americans to make sacrifices, like paying higher taxes.


Edwards, a former Democratic senator from North Carolina, says the federal government should underwrite universal pre-kindergarten, create matching savings accounts for low-income people, mandate a minimum wage of $9.50 and provide a million new Section 8 housing vouchers for the poor. He also pledged to start a government-funded public higher education program called "College for Everyone."


"It is central to what I want to do as president to do something about economic inequality. I do not believe it is okay for the United States of America to have 37 million people living in poverty," he said in a meeting with Monitor reporters and editors this week. "And I think we need, desperately need, a president who will say that to America and call on Americans to show their character."


At every stop, Edwards said, he tells voters he'll ask them to sacrifice. Asked to describe what he means, he described his plan for increases in capital gains taxes, saying taxes on "wealth income" should be in line with those on work income.


"I think if we want to fund the things that I think are important to share in prosperity, then people who have done well in this country, including me, have more of a responsibility to give back," he said. Later, he added: "There are no free meals."


Like other Democrats, Edwards named his top three priorities as ending the war in Iraq, enacting universal health care and overhauling the American energy system. "Those are three things instantly I would do," he said.


Comment: read his lips: college for everybody and universal health care. Socialism here we come (if Edwards is elected!).

The Return of the Thought Police

The Return of the Thought Police: "Hate crime" legislation is an assault on civil liberties

Excerpt:

Is it necessary or fair to expand federal criminal jurisdiction to allow for dual federal and state prosecutions of alleged hate crimes? Arguably--if strong empirical evidence demonstrates that states are generally unwilling or unable to prosecute these crimes. Otherwise federal hate-crime legislation addresses an illusory threat to civil rights, while it exacerbates an actual crisis for civil liberty.


The continuing expansion of federal criminal jurisdiction has given federal law enforcement officials unprecedented power over each of us. As Gene Healy of the Cato Institute has observed, the federal criminal code is so vast and comprehensive that it enables prosecutors to "pick targets they think they should get rather than offenses that need to be prosecuted." Mr. Healy estimates that about 4,000 crimes are "scattered throughout the tens of thousands of pages of the United States code," stressing that the exact increase in federal crimes has been difficult to track. One frequently cited 1999 study by the American Bar Association noted that 40% of all federal criminal laws enacted after the Civil War dated back only to 1970.


Comment: Consider early CFG comments on "hate crime" legislation: Should 'Hate Crimes' bill be vetoed? and Don't muzzel free speech

He was a good judge of character (or lack of!)

Ford saw Clinton as a sex 'addict'

Excerpts:

"He's sick - he's got an addiction. He needs treatment," Ford told Daily News Washington Bureau Chief Thomas M. DeFrank, author of "Write It When I'm Gone: Remarkable Off-the-Record Conversations with Gerald R. Ford."

....

That opinion was based on behavior Ford witnessed the weekend he hosted the Clintons in Colorado.

"I'll tell you one thing: He didn't miss one good-looking skirt at any of the social occasions," Ford said later.

"He's got a wandering eye, I'll tell you that. Betty had the same impression; he isn't very subtle about his interest."

Nevertheless, when the Monica Lewinsky sex-and-perjury scandal erupted and barreled toward impeachment, Ford was willing to help Clinton - to a point.

After the House voted to impeach Clinton but before the Senate's decision on whether to convict him, the sitting President phoned the ex-President.

"He said he needed my help and wanted to know if I could help," Ford recalled not long after.

Ford had written two Op-Ed pieces in which he called for Clinton to admit he had lied to federal investigators in exchange for censure over impeachment.

He told Clinton that he would help him, if he agreed to such a deal.

"Bill I think you have to admit that you lied. If you do that, I think that will help - and I'll help you. If you'll admit to perjury, I'll do more," he said.

"I won't do that," Clinton told him. "I can't do that."

Ford was stunned by Clinton's lack of contrition. "It's a character flaw," he concluded.

10.27.2007

Stuff Out Loud: Christians In the Voting Booth

Stuff Out Loud: Christians In the Voting Booth

A good read. Coincidentally Kathee and I will be voting in the school district bonding election this weekend (by absentee ballot). Voting is important and there is more at stake than the Presidential election.

"vain in their imaginations"

Human race will 'split into two different species'

Excerpt:

The human race will one day split into two separate species, an attractive, intelligent ruling elite and an underclass of dim-witted, ugly goblin-like creatures, according to a top scientist.

100,000 years into the future, sexual selection could mean that two distinct breeds of human will have developed.

The alarming prediction comes from evolutionary theorist Oliver Curry from the London School of Economics, who says that the human race will have reached its physical peak by the year 3000.

Wikipedia: The Time Machine

Plot excerpt:

As the sun sets, the Time Traveller muses on where he will sleep. Retracing his steps back to the building where he had eaten with the Eloi, he suddenly realizes that the time machine is missing. He panics and desperately searches for the vehicle. At first, he suspects that the Eloi have moved it to their shelter. He doubts the Eloi would be capable or inclined to do this, but nonetheless rushes back to the shelter and demands to know where his machine is. The Eloi are confused and a little frightened by this. Realising the Eloi don't understand him and he is damaging his position with them, he continues his search in desperation during the night before relenting and falling into an uneasy sleep.

The Utopian existence of the Eloi turns out to be deceptive. The Traveller soon discovers that the class structure of his own time has in fact persisted, and the human race has diverged into two branches. The wealthy, leisure classes appear to have devolved into the ineffectual, not very bright Eloi he has already seen; but the downtrodden working classes have evolved into the bestial Morlocks, cannibal hominids resembling human spiders, who toil underground maintaining the machinery that keep the Eloi — their flocks — docile and plentiful. Both species, having adapted to their routines, are of distinctly sub-human intelligence.

Comments: Science imitating fiction! I would have filed this under "stupid" but I didn't want to create a "stupid" label! My wife might say ... that evolutionary break may have occured in 1949! Quote in title is from Romans 1:21 (KJV).

10.26.2007

Asian night @ 4th

Kathee and I went to Asian night at 4th Baptist tonight. I had invited a young man from work and he committed to attending. Unfortunately he did not come, but we had a great time nevertheless. Kathee brought a chicken salad dish. After about an hour and a half of gym activities, we had dinner in the atrium. I met some new friends and we had a good time.

What did Israel bomb?



Photos show cleansing of suspect Syrian site

Excerpt:

New commercial satellite photos show that a Syrian site believed to have been attacked by Israel last month no longer bears any obvious traces of what some analysts said appeared to have been a partly built nuclear reactor.

Two photos, taken Wednesday from space by rival companies, show the site near the Euphrates River to have been wiped clean since August, when imagery showed a tall square building there measuring about 150 feet on a side.

The Syrians reported an attack by Israel in early September; the Israelis have not confirmed that. Senior Syrian officials continue to deny that a nuclear reactor was under construction, insisting that Israel hit a largely empty military warehouse.

But the images, federal and private analysts say, suggest that the Syrian authorities rushed to dismantle the facility after the strike, calling it a tacit admission of guilt.

"It's a magic act — here today, gone tomorrow," a senior intelligence official said. "It doesn't lower suspicions; it raises them. This was not a long-term decommissioning of a building, which can take a year. It was speedy. It's incredible that they could have gone to that effort to make something go away."

Friday happenings

Kathee and I have the day off. I slept in until 7:07, when Kathee called me for breakfast.

I mowed for the last time this season. I only had 1/8 tank in the tractor so I had K. keep and eye out for me in case I ran out (fortunately I didn't). Frost was on the grass as I mowed up leaves and the slight growth from a week ago. It was neat to see white, diced frost coming out the mower chute.

Now relaxing in our basement while the carpet cleaners are up stairs. I intend to hang out here until 10 when the John Deere guy is to come to service my tractor.

Tonight we are going to Asian night at 4th. I invited a guy from work and hope to have him meet us there.

10.25.2007

Oracle Of Omaha speaks

Buffett says mortgage ills might linger

Excerpt:

DAEGU, South Korea (AP) — American billionaire investor Warren Buffett said Thursday that problems in the U.S. subprime mortgage market will likely weigh on consumers for up to two years but that the U.S. economy will weather the storm.

The subprime problem "is having an impact," Buffett said on his first visit to South Korea. "It will have more of an impact."

Rising default rates among U.S. mortgage holders with poor credit histories have rattled global credit, stock and currency markets since August and raised concerns about a possible recession in the U.S. economy, a major export market for Asian companies.

"In the next 6 months, one year, two years, the problems in the mortgage market can cause a lot of problems with consumers and hurt buying power in the United States," he said at a press conference after arriving earlier in the day from China on his private jet.

However, the U.S. economy has often had to face various difficulties and the present is no exception, said the Omaha investor.

"Overall the economy will make progress," he said.

Wikipedi: Warren Buffett

John G. Stumpf in Minneapolis today



John G. Stumpf biography

Comment: As you can see from my cell phone photo, I was not actually very close. His message on community support was very good. Event was at The Depot. I sat by a private banker and an investment banker.

Indoctrinate U



Katherine Kersten: The pariahs of our college campuses

Excerpt:

It's become a common complaint that U.S. campuses are home to a stifling liberal orthodoxy where contrary beliefs are persecuted. Doyle says it's no illusion.

A new film, "Indoctrinate U," documenting that atmosphere, opens near campus tomorrow.

Bethany Dorobiala, a senior political science major at the U of M, knows just what Doyle is talking about. Dorobiala was one of the few students who agreed to speak on the record about the problem.

In many courses, Dorobiala says, professors load up reading lists with books that reflect their ideological agenda. "If you speak up in class and present an alternative view, you may risk being ridiculed by a professor twice your age with a PhD.," she said. "Students who agree with the professor's politics are regularly praised and encouraged."

Dorobiala has encountered this disregard for intellectual diversity in classes outside of political science. "In geology class, I had a teacher who made side comments bashing President Bush," she said. A rigid orthodoxy prevails on issues as disparate as the death penalty and global warming, she says, and some professors regularly pontificate on topics outside their discipline.

"I definitely know of students whose grades have suffered because they became identified as a conservative in class," said Dorobiala. If this happens, it's "very difficult to defend yourself. The authorities -- your adviser, department chairs -- think you're complaining because you didn't do your work."

The university rarely receives official complaints about ideologically motivated grading and follows a regular investigative process when it does, says Jan Morse of the U's Student Conflict Resolution Center.

Dorobiala's only solace is her work with College Republicans, where she can trade war stories without having to look over her shoulder.

Norman Fruman, an eminent professor of English at the U, now retired, believes that political correctness has gained a stranglehold in the humanities and social sciences.

"In recent decades, we've seen a relentless assault on American and Western history and values as the primary source of wickedness in the world," he said. "Literature no longer explores universal human experience, but instead has become a branch of politics, with a focus on often-second rate works about the victimhood of favored groups."Contempt and insults are regularly leveled at one group: white, heterosexual males," he added.

Doyle and Fruman see this rigid orthodoxy as self-perpetuating. "Birds of a feather hire together," quipped Doyle. Politically correct ideology is quasi-religious in nature, he explains. "You're not going to hire someone who seems like an infidel."



Official Site: Indoctrinate U

Wikipedia: Indoctrinate U

Comment: "Indoctrinate U" is coming to the Twin Cities for a week-long run at Minnesota Film Arts' Oak Street Cinema! The screenings are sponsored by the Minnesota Association of Scholars and the Tocqueville Center at the University of Minnesota.

I'd like to see this but it won't fit my schedule this weekend. If you go ... take a coat! The Oak Street has been freezing every time I've been there!

Subprime financial toll

Reports Suggest Broader Losses From Mortgages

Business
Reports Suggest Broader Losses From Mortgages
By VIKAS BAJAJ and EDMUND L. ANDREWS
Published: October 25, 2007
Economists say mortgage market troubles could, all told, cost financial firms and investors up to $400 billion.

Excerpt:

At this juncture, economists say the troubles in the mortgage market could, all told, cost financial firms and investors up to $400 billion.

That is far more than the roughly $240 billion cost, adjusted for inflation, of the savings and loan crisis of the early 1990s, according to estimates of the combined financial toll of that crisis on both the federal government and private sector. The loss in total real estate wealth is expected to range from $2 trillion to $4 trillion, depending on how far home prices fall, according to several economists.

That would be significantly less than the losses suffered by investors in the stock market collapse earlier this decade, which erased more than $7 trillion, or about 40 percent, of market value.

Experts caution that these estimates are preliminary and the total costs could get bigger still. They also note that the loss of real estate wealth could prove more damaging for the general public than falling stock values because more American families own homes than own stock.


Comment: Consider earlier CFG posting: Subprime fallout!

Preparing for Open Enrollment

Making the Most of Open Enrollment

Excerpt:

WHEN YOU RECEIVE your open enrollment paperwork this year, give it more than a cursory glance. Employers are continuing to shift the burden of health-care costs onto employees, meaning you'll likely be paying more next year to stay healthy. The average worker can expect to spend $3,600 toward premiums and out-of-pocket health-care costs in 2008, an increase of $330 from this year, according to benefits consultant Hewitt Associates.

But the open enrollment period — which typically runs from late October through mid-December — is more than a head's up on cost increases. It's your one shot to review your choice of health-insurance plans, set aside contributions for flexible spending accounts and make any number of other health- and benefits-related decisions that could ultimately save you plenty of money. Think of it as your fiscal physical exam for 2008. Here's how to make the most of it:

Summary points:


  1. Anticipate Future Costs
  2. Increase Your 401(k) Contribution
  3. Pledge to Stay Healthy
  4. Opt In to Pretax Accounts
  5. Take Advantage of Small Perks


Comment: I've been on Kathee's healthcare insurance since 1990 ... but next year I will be on my own. With all the kids on their own financially, we can save a few bucks by each of us having our own health insurance (sounds counter-intutitive!). I went to the Open Enrollment seminar yesterday and then last night read through the health care options. COMPLEX! New option for us this year: a high deductable plan with a health care spending account.

10.24.2007

Coming Mortgage Banking legislation?

Mortgage Legislation: Regulators, Lenders, Activists to Testify on Protections for Home Loan Borrowers

I'm skeptical of business regulation, but I think that some of the ideas presented here have merit (I've commented on them before!)

Excerpt:

A bill introduced Monday by the committee's chairman, Rep. Barney Frank, D-Mass., and other Democrats would make sweeping changes to the industry. Mortgage industry officials are critical of the plan, arguing it would raise costs and reduce options for borrowers.

It would bar incentive payments given to mortgage bankers or brokers for signing up borrowers for overly expensive loans, make Wall Street banks that package mortgage securities into investments liable for violations of lending laws, mandate licensing for mortgage brokers and bank loan officers and limit penalty charges for borrowers who make their payments early.

I aupport the requirement that mortgage brokers and loan officers be licensed!

Rockies: A team of faith! A team of destiny?

Rockies Place Their Faith in God, and One Another

Excerpt:

The role of religion within the Rockies’ organization first entered the public sphere in May 2006, when an article published in USA Today described the organization as adhering to a “Christian-based code of conduct” and the clubhouse as a place where Bibles were read and men’s magazines, like Maxim or Playboy, were banned.

The article included interviews with several players and front office members, but team players and officials interviewed this week said it unfairly implied that the Rockies were intent on constructing a roster consisting in large part of players with a strong Christian faith. Asked how his own Christian faith affected his decision-making, General Manager Dan O’Dowd acknowledged it came into play, but not in a religious way. He said it guided him to find players with integrity and strong moral values, regardless of their religious preference.
...
Even if the Rockies are not consciously doing it, reliever Matt Herges, playing for his seventh organization, said the team had the highest concentration of devout Christians he had seen during his nine major league seasons.

Every Sunday, about 10 people gather for chapel, according to reliever Jeremy Affeldt, and Tuesday afternoon Bible study sessions usually attract seven or eight players. Affeldt said players discussed life and their families as well as scripture.

“Certain guys attend chapel, certain guys don’t,” outfielder Cory Sullivan said. “I don’t think that’s any different from how it is in any other major league clubhouse. Nothing’s shoved down your throats.”

On the whole, players were relaxed in speaking about their religious convictions but said that faith was not a requirement for peer approval. The Rockies, who will face the Red Sox in the World Series beginning Wednesday, care more about whether a teammate plays hard, is unselfish and treats everyone with respect.

“I think that if they were Catholic or Baptist or didn’t believe in God but were quality players and good people and good teammates, there would be a place for them here,” Herges said. “But I do see a lot of quality people in this clubhouse. This is the tightest-knit group I’ve ever been around.”

Pitcher Mark Redman, playing for his eighth team in nine seasons, has been with the Rockies for only two months, but he, too, said he sensed a different chemistry. “I’ve been on teams with guys who you can’t wait to leave when the season’s over,” Redman said. “You don’t find a bad guy in here. I’m more than comfortable bringing my son in here. I haven’t been able to say that in the past.”

Comment: I eagerly await this World's Series! I'm rooting for the Rockies! (We lived in Denver for 10 years and have been to Coor's field).

Math devolution

Sent to me by my Son, Nathan:
--------

Last week I purchased a burger at Burger King for $1.58. The countergirl took my $2 and I was digging for my change when I pulled 8 cents from my pocket and gave it to her. She stood there, holding the nickel and 3 pennies, while looking at the screen on her register. I sensed her discomfort and tried to tell her to just give me two quarters, but she hailed the manager for help. While he tried to explain the transaction to her, she stood there and cried. Why do I tell you this?

Because of the evolution in teaching math since the 1950s:

1. Teaching Math In 1950s

A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit ?

2. Teaching Math In 1960s

A logger sells a truckload of lumber for $100 His cost of production is 4/5 of the price, or $80. What is his profit?

3. Teaching Math In 1970s

A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit?

4. Teaching Math In 1980s

A logger sells a truckload of lumber for $100. His cost of production is $80 and his profit is $20. Your assignment: Underline the number 20.

5. Teaching Math In 1990s

A logger cuts down a beautiful forest because he is selfish and inconsiderate and cares nothing for the habitat of animals or the preservation of our woodlands. He does this so he can make a profit of $20. What do you think of this way of making a living? Topic for class participation after answering the question: How did the birds and squirrels feel as the logger cut down their homes? (There are no wrong answers, and if you feel like crying, it's ok. )

6. Teaching Math In 2007

Un hachero vende una carretada de maderapara $100. El costo de la producciones es $80. Cuanto dinero ha hecho?

Minneapolis: our water beats bottled in taste tests!

Minneapolis marketing its tap water to other cities

Excerpt:

Minneapolis, Minn. — Before water from the Mississippi River reaches faucets in Minneapolis, it is coagulated, flocculated, carbonated, fluoridated, and chlorinated.

In other words, that don't rhyme, the water has to be treated with chemicals that make the tiny things floating in it clump together, making them big enough to get caught in filters. Water also gets dosed with disinfectants that kill other nasty things that can make people sick.

Some of that happens at the city's ultrafiltration plant in Columbia Heights in a room with more than 1000 white, plastic tubes stacked horizontally in rows. Inside each tube are filters that contain thousands of tiny straws made of a high-tech polymer. The water moves slowly through the filters and waste material gets stuck in the thin membrane of the straw.

Ultrafiltration is more effective than the older sand filtration method in removing harmful pathogens from water, according to plant manager Dale Folen. The holes in the membrane of the filters are small enough to capture things that sand can't
....
In 2007, the city dedicated $200,000 towards promoting Minneapolis water to residents and to other municipalities. Golden Valley, New Hope, Crystal, Columbia Heights, Hilltop and parts of Bloomington and Edina buy and use Minneapolis water. They pay a total of around $10 million a year and Rybak would like to see that list expand.

There are other reasons why public water is better than what Rybak calls "plastic water". The plastic bottles are showing up in greater numbers in landfills. Plus, he says, Minneapolis water tastes good.

"The water you drink out of the tap in Minneapolis is great drinking water. And we'll put that up against private, plastic water any day of the week. And in fact, in all these taste tests that are done. We wind up coming off just great."

Several years before the new filtration plant was built, Minneapolis tap water was selected over a couple popular brands of bottled water in a taste test on public radio's The Splendid Table.

Officials at the filtration plant say the taste of Minneapolis water comes from the addition of activated carbon which removes certain odors.



Comment: Nice slideshow! In contrast to Minneapolis, Plymouth (and Maple Grove) derive their water from wells.

Roland Martin: Saving marriages must be a national priority

Commentary: Saving marriages must be a national priority

Excerpts:

Various studies show that at least half of all marriages in the United States will end in divorce, and if you remarry, those figures grow exponentially. For some reason, Americans are either getting married for the wrong reasons or are not making the effort to spend more time working on their marriages to save them, and instead, run to divorce court at the first sign of trouble.
---
I strongly believe that for too many of us, we've accepted the notion that marriage will be perfect; that we won't endure trials and tribulations. But that isn't true. In fact, where is that ever true than in someone's fantasy life? What's amazing to me is that when faced with difficulty on the job, so many of us will buckle down and work harder to prove ourselves worthy to keep that job. But at home, we'd rather leave, even if that means putting our kids through a divorce.
---
Maybe your idea of marriage is "I-my" and it should be "we-us-our." Maybe you see your spouse as more of a roommate, co-habitating in a space where you pay half the bills and he or she pays the other half.

America wasn't just built on the idea of strong ideals. It was also constructed on the back of strong families. But today, these families are being splintered and broken up for a variety of reasons, including our selfishness and unwillingness to confront our problems and to compromise.

Is it you I'm speaking to? Are you in the position where your marriage is crumbling before your very eyes? If so, take action today. Don't let divorce end it all. Remember, your trial today could eventually be your testimony tomorrow.



Comment: Good commentary. Kathee and I benefit from coming from families where our parents were married "until death do us part" and for 50+ years. But even for us, marriage has it's struggles. Only by dedication to the Lord, may Christian couples have strong marriage. Wife verses in Proverbs!

10.23.2007

My home 20 years ago

20 years ago I spent 11 weeks hospitalized: From Labor Day (September 7th) unto Thanksgiving (November 25th). Nine of those weeks were at the renowned Craig Hospital. I don't actually think about those times much, but for 20 years I have participated in Craig Handicap Assessment and Reporting Technique -- “CHART” (Craig's long term disability research). Tonight is my night to be interviewed by a Craig Hospital researcher! And memories of 20 years flood back!

Memories:


  1. Friends met
  2. Bible studies in the chapel
  3. "Wheelchair class"
  4. Learning to transfer from bed to wheelchair ... floor to wheelchair ... etc.
  5. Learning to dress myself & tie my shoes (I still struggle with tieing my left shoe! Something about the weakness in the left hand!)
  6. Pool therapy and "walking" for the first time standing chest deep in water.
  7. The food I loved there (every day the kitchen would make me pancakes and fried egg) and food hated (Ratatouille)
  8. Kathee driving our old beat up '68 VW bug to the hospital every day. Meeting me after lunch and staying until after dinner. On warm evenings, parking my wheelchair on the patio and watching Kathee drive past me on the way home!
  9. The woman (name forgotten) who lost her unborn baby. She had broken her back in an ATV accident.
  10. Lenny being told he would be a quadriplegic the rest of his life. He broke his neck in a train accident. His fiance was uninjured! Lenny was my roommate for more than a month. Sadly Lenny died several short years later!
  11. The subluxation of my spinal fusion and facing surgery again (wouldn't happen until January 1988).


Craig was my home for 9 of those 11 weeks. I thank God for enabling me to be there and caring for me through those Doctors, nurses, and caregivers!

10 Common Money Mistakes

Are These 10 Common Money Mistakes Keeping You Poor?




  1. Impulsive Spending [I've been weak in this regard! Wife keeps me in line!] Consider: Six ways to curb impulse spending

  2. Being Swayed by Sales Techniques [I have incredible sales resistance to salesmen! They hate me!]

  3. Never Checking for Cheaper Deals [With the Internet this is EZ!]

  4. The ‘Poor Me’ Attitude

  5. Not Having a Savings Plan [Use Ingdirect or some other bank to set up an automatic plan! Look for 'free money' ... like the company match on the 401K or being able to buy company stock at a discount (the later is not an option where I work!)]

  6. Making Wealth Accumulation the Purpose of Life [No Christian should have this as his object in life!]

  7. Letting Money Spoil Friendships [My rule ... I do not lend to relatives or friends!]

  8. Not Tracking Your Finances [EZ with tools like Moneydance, Quicken, or Mint]

  9. Gaining an Adverse Credit Rating [Check your credit rating annually. See link on below right on my blog for the free site]

  10. Borrowing at High Interest Rates [If you have to borrow (and most will!) use a service like LendingTree.com]


Comments: My comments are in [brackets]!

10.22.2007

A Christian foundation

USA Today: A Christian foundation

Excerpt:

We seem to be witnessing an aggressive attempt by leading atheists to portray religion in general, and Christianity in particular, as the bane of civilization. Finding the idea of God incompatible with science and reason, these atheists also fault Christianity with fostering a breed of fanaticism comparable to Islamic radicalism. The proposed solution: a completely secular society, liberated from Christian symbols and beliefs.

This critique, which comes from best-selling atheist books, academic tracts and a sophisticated network of atheist organizations and media, can be disputed on its own terms. What it misses, however, is the larger story of how Christianity has shaped the core institutions and values of the USA and the West. Christianity is responsible even for secular institutions such as democracy and science. It has fostered in our civilization values such as respect for human dignity, human rights and human equality that even secular people cherish.

Comment: Editorial by Dinesh D'Souza whose new book, What's So Great About Christianity, has just been published.

Happenings:


  1. We met Dave and Colleen for dinner (Kathee's Brother) at the Crossroads Deli in Hopkins
  2. Roger is currently in flight from Phoenix to Minneapolis
  3. Very busy at work (beats unemployment!)

Bayou Boy Wonder


Bayou Boy Wonder - Louisiana elects a reform governor. What's next?

Excerpt:

Mr. Jindal jumped into this year's campaign promising to shake up a state government whose antigrowth policies have prompted Forbes magazine to rank Louisiana 49th out of 50 states as a place to do business. Even before Katrina, it was the only Southern state with more people moving out than in. The "bright flight" of the state's most promising young people became the most important symbolic issue of the race.


Mr. Jindal applied the political lessons he learned from his 2003 loss. Back then, it was generally conceded that he lost some northern Louisiana parishes in part because he failed to campaign enough there to dispel lingering concerns about his ethnicity (he is Indian-American). This time he visited northern Louisiana 77 times, and it paid off. He carried Rapides Parish (Alexandria) with 54% of the vote, up from 44% four years ago.

One reason Mr. Jindal was able to win votes across ethnic and demographic lines is that while he treats his Indian background as an overall plus, he won't trade on it. He has in the past left the space for "race" on government documents blank. "I'm against all quotas, all set-asides," he says. "America is the greatest. We got ahead by hard work. We shouldn't respond to every problem with a government program. Here, anyone can succeed."

Mr. Jindal is full of ideas for how to improve government. He plans to use his health-care expertise to help the uninsured obtain health insurance. The way to do that, he says, is to work with the three-fourths of the uninsured who have jobs. He proposes insurance pools in which small businesses can join together to get lower-cost premiums and giving the private sector a greater role in provision of health care for the poor.

He plans tax cuts and an expansion of school choice. Part of his philosophy is that the federal government can't be Louisiana's salvation. "New Orleans has suffered from the trauma of three crises," he told The Wall Street Journal last year. "First was Katrina, second was the levees breaking, and the third has been a case study in bureaucracy and red tape at its very worst."

Bureaucracy busting is Mr. Jindal's specialty, and he has already announced he will call the Legislature into special session shortly after he is sworn in and demand an up-or-down vote on his anticorruption agenda, which has 31 points. "Ethics reform is the linchpin for change," he told supporters Saturday night.

But while he prepares to take office with high hopes and good wishes, there are some sobering obstacles that could impede his agenda. Louisiana ranks third in the nation in the number of elected officials per capita convicted of crimes. That means that some power brokers will have real incentives to preserve the status quo. In 2004, the agent in charge of the FBI's New Orleans office described Louisiana's public corruption as "epidemic, endemic and entrenched. No branch of government is exempt."


Earlier CFG: Conservative wins Louisiana Gubernatorial

Comment: I think he looks like Bobby Kennedy! But he sounds like Reagan!


Updated: Denny Burk: An Historic Election in Louisiana

What will the Fed do?

Fed will act as needed to protect economy from market turmoil, official says

"The Federal Reserve will continue to monitor developments in financial markets and act as needed to support the effective functioning of these markets and to foster sustainable economic growth and price stability," Kroszner said in a speech here to the Institute of International Bankers.

....

Some economists believe the Fed will lower an important interest rate at the end of a two-day meeting next Wednesday, to help bolster economic activity. But others, citing the economy's resiliency and worries about an inflation flareup, think the Fed will leave rates alone. Oil prices, which had surged to record highs in recent weeks, have eased a bit but are still hovering above $86 a barrel.

It's a delicate situation facing the Fed.

To prevent the ill effects of the credit crunch and housing troubles from sinking the economy, the Fed in September sliced a key interest rate by a bold one-half percentage point to 4.75 percent. It was the first rate cut in more than four years.

Before that aggressive move, the Fed had taken other actions to deal with the credit crises, which had taken a turn for the worse in August. The Fed pumped billions of dollars into the financial system to help banks and other institutions get over the credit hump. It also reduced its lending rate to banks.


Comments: I predict a .25% rate cute. Not a good time to be selling a house! Still a good time to be buying stocks! I don't see the housing market recovering for some time (perhaps more than a year!). Meanwhile ...

IMF chief warns dollar may suffer 'abrupt fall'

Excerpt:

The head of the International Monetary Fund, Rodrigo Rato, warned Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets.

"There are risks that an abrupt fall in the dollar could either be triggered by, or itself trigger, a loss of confidence in dollar assets," Rato told the IMF board of governors.

He also appeared to suggest that Europe could take steps to temper the strong appreciation of the euro.

"There is a risk that exchange rate appreciation in countries with flexible exchange rates -- including the euro area -- could hurt their growth prospects, and that in these circumstances protectionist pressures could worsen," he said on the final day of the annual meetings of the IMF and the World Bank.

The outgoing IMF managing director spoke as the European single currency hit a new high of 1.4347 dollars and global equity markets tumbled amid growing fears a US housing-related credit crunch could pitch the world's biggest economy into recession.

"The uncertainty ... comes from downside risks that are much higher than they were six months ago. The turbulence in the credit markets is a warning that we cannot take the benign economic environment of recent years for granted," he said.

"We still do not know the full effects of the decline in the housing market and the subprime problems of the US economy. Further disruption in financial markets and further falls in housing prices could lead to a global economic downturn."

A crisis in the risky US subprime mortgage sector, where loans are given to homebuyers with poor credit histories, erupted this year as borrowers defaulted on mortgages amid rising interest rates and a sharp slump in US housing prices.


The spillover of the US credit crunch into global financial markets roiled stock markets worldwide in August and although they have recovered somewhat, the uncertainties of the extent of the credit problems continues to weigh on investors.


10.21.2007

Mac vs Vista

As Apple Gains PC Market Share, Jobs Talks of a Decade of Upgrades


Technology
As Apple Gains PC Market Share, Jobs Talks of a Decade of Upgrades
By JOHN MARKOFF
Published: October 22, 2007
Apple’s share of the personal computer market is surging, driven in part by what analysts call a halo effect from the iPod and the iPhone.

Excerpt:

“The Macintosh has a lot of momentum now,” said Steven P. Jobs, Apple’s chief executive, in a telephone interview last week. “It is outpacing the industry.”

On Friday, Apple will start selling the new Leopard version of its OS X operating system, which has a range of features that in some cases match those in Windows Vista and in others surpass them.

Mr. Jobs said that Leopard would anchor a schedule of product upgrades that could continue for as long as a decade.

“I’m quite pleased with the pace of new operating systems every 12 to 18 months for the foreseeable future,” he said. “We’ve put out major releases on the average of one a year, and it’s given us the ability to polish and polish and improve and improve.”

That pace suggests that Apple will continue to move more quickly than Microsoft, which took almost seven years between the release of its Windows XP and Windows Vista operating systems.

Vista has had mixed reviews, and corporate sales have been slow so far. Mr. Jobs declined to comment on Microsoft’s troubles with Vista, beyond noting that he thought Leopard was a better value. While there are multiple editions of Vista with different features at different prices, the top being the Ultimate edition, Apple has set a single price of $129 for Leopard.

With Leopard, Mr. Jobs joked, “everybody gets the Ultimate edition and it sells for 129 bucks, and if you go on Amazon and look at the Ultimate edition of Vista, it sells for 250 bucks.”

Microsoft has said that it will release an update, or service pack, for Vista in the first quarter of 2008. But it has also said that it intends to offer a service pack for Windows XP in the first half of the year. That, analysts said, could further delay adoption of Vista as computer users wait to see how XP will be improved.

Will subprime spread to CC / auto loans?

US loan default problems widen

Excerpt:

Poor quarterly results from banks across the US over the past two weeks suggest credit problems once confined to high-risk mortgage borrowers are spreading across the consumer landscape, posing new risks to the economy and weighing heavily on the markets.

US banks have raised reserves for loan losses by at least $6bn over the second quarter and by even larger amounts from last year, indicating financial executives believe consumers will be increasingly unable to make payments on a variety of loans.

Banks are adding to reserves not just for defaults on mortgages, but also on home equity loans, car loans and credit cards.

“What started out merely as a subprime problem has expanded more broadly in the mortgage space and problems are getting worse at a faster pace than many had expected,” said Michael Mayo, Deutsche Bank analyst.

Comment: The liquidity crisis could tank the economy!

Online wills and legal forms

A Need for a Will? Often, There’s an Online Way

Planning
A Need for a Will? Often, There’s an Online Way
By CHRISTINE LARSON
Published: October 14, 2007
The growing sophistication of software and increasing consumer comfort with online financial management have led to a boom in homegrown estate planning.

Excerpt:

WHEN John Chuang of South Pasadena, Calif., became a father in 2005, he and his wife, Sulynn, knew that they needed a will. But Mr. Chuang, 38, didn’t want to pay hundreds of dollars to a lawyer to draw up the document. So he turned to an online service that helps people fill out their own legal forms.

For about $70, the service, called LegalZoom, gave Mr. Chuang an online questionnaire about his last wishes. Completing it took about 30 minutes. A LegalZoom employee later reviewed Mr. Chuang’s answers and turned them into a will, which Mr. Chuang received about a week later.

“I don’t like lawyers. I think they’re extremely overpaid,” Mr. Chuang said. “With all the services on LegalZoom, I don’t see myself using a lawyer for anything, unless it’s a lawsuit.”

Recently, the increasing sophistication of software and services for estate planning, combined with growing consumer comfort with online financial management, has led to a boom in homegrown estate planning.

Between 2005 and 2006, downloads of Quicken WillMaker Plus increased nearly 33 percent, according to Nolo, the publisher. LegalZoom says sales of its estate planning documents are up 73 percent this year from last. And We the People, a storefront franchise that helps people fill out legal forms, has grown to 110 locations in 23 states from 25 locations in 2000, according to the company.

Comment: We used a will-maker software product for our wills. Legalzoom.com

Revised 990 ... check before you donate

Filling in the Blanks - A revised tax form should make nonprofit organizations more transparent.

Excerpt:

The IRS has completed a draft revision of Form 990, the main document nonprofits file with the government. The redesigned tax form is expected to roll out in time for 2008 filings.

Proposed changes to the form are intended to increase transparency and accountability—both for the IRS and for donors—and to make filing simpler for nonprofits, according to the IRS website.

Ken Behr, president of the Evangelical Council for Financial Accountability (ECFA), said the IRS is also responding to the need for information on terrorist organizations' financing.

The new design expands the core form from eight pages to ten pages, and increases the number of supplementary charts from two pages to fifteen pages. Organizations' earning and spending information will be featured on a summary page in the new design.

The new form also requires a breakdown of executive compensation of more than $150,000. According to Charity Navigator, the average compensation for a charity CEO is $141,947.

Organizations like Charity Navigator, Guidestar, and Wall Watchers use the publicly available Form 990s to guide donors and evaluate nonprofits.

Richard Hammar, senior editor of Church Law & Tax Report, said that many religious organizations—including almost all mission groups—have no reason to be concerned about the more detailed forms, because they are often exempt from filing Form 990s.

Churches, interchurch organizations, church-affiliated primary and secondary schools, and mission agencies do not have to file. However, nonprofit colleges and universities, nonprofit hospitals, charity organizations such as World Relief, and other Christian organizations must file annually.

Rusty Leonard, CEO of the watchdog group Wall Watchers, is enthusiastic about the changes. "There's no question that it was a step in the right direction," he said. "So three cheers for the IRS on this one. It was long overdue, but anything that increases transparency allows us as donor advocates to do our work for the average donor."

Guidestar

Charity Navigator

Comment: While churches are not required to submit a 990 form, most churches provide detailed financial accounting to their memberships. Before you donate to other organizations, check out their 990 form. www.guidestar.org provides 990's free of charge, but one must register.

Conservative wins LA gubernatorial

Louisiana elects first nonwhite governor since Reconstruction

Excerpt:

U.S. Rep. Bobby Jindal became the nation's youngest governor and the first nonwhite to hold post in Louisiana since Reconstruction when he carried more than half the vote to defeat 11 opponents.

Jindal, the Republican 36-year-old son of Indian immigrants, had 53 percent with 625,036 votes with about 92 percent of the vote tallied. It was more than enough to win Saturday's election outright and avoid a November 17 runoff.

...

When he takes office in January, Jindal will become the nation's youngest governor in office. He pledged to fight corruption and rid the state of those "feeding at the public trough," revisiting a campaign theme.

"They can either go quietly or they can go loudly, but either way, they will go," he said, adding that he would call the Legislature into special session to address ethics reform.

bobbyjindal.com

Meet the Next Governor of Louisiana

Biography

List of Governors of Louisiana

Comments: The news is not that he is "non-white" ... but that he is a conservative Republican. And the lesson is this: consistent conservatives who stand for values and against corruption and waste are very electable!

10.20.2007

Winter preparations


  1. I met a friend for coffee at 10 and then ran errands
  2. Kathee cut back flowers and foliage and loaded up the truck with yard waste
  3. I mowed for which will probably be the last time this Fall (as the mower deck will be taken off on Friday and the plow put on)
  4. Brother came by and beat me at pool (4-3). He also lunched with us
  5. Kathee and I drove the the Plymouth yard waste site and unloaded. Yard waste site was very muddy
  6. Rachel joined us for dinner


Tomorrow worship at 4th Baptist

10.19.2007

Mint: One look at multiple accounts

www.mint.com

Mint: Lifehacker Screenshot Tour

Mint: Photo gallery

Comment: I tried this today and connected with 2 bank accounts and 2 credit card accounts. Pretty impressive!

The Torre / Stengel connection


Sports / Baseball
Torre’s Parting Shares Similarities With Stengel’s
By RICHARD SANDOMIR
Published: October 19, 2007
Joe Torre’s refusal to accept a contract offer came 47 years to the day after the Yankees dismissed Casey Stengel, who also spent 12 seasons as the team’s manager.

Torre’s Parting Shares Similarities With Stengel’s

Excerpt:

Joe Torre’s refusal to accept the terms of a one-year contract to continue to manage the Yankees yesterday came 47 years to the day after the Yankees dismissed Casey Stengel, who, like Torre, had managed the team for 12 seasons.

Stengel was 70 at the time and looked it, but he still spoke fluent Stengelese. There had been rumors all that season of his demise. Torre, 67, survived speculation in other years that he would be fired and dodged a possible ax this season after the Yankees’ 21-29 start


Torre insulted by Yankees' one-year offer

Excerpt:

Joe Torre knew he wasn’t wanted.

So when the New York Yankees offered him a one-year contract with a hefty paycut, performance-based bonuses — and no room to negotiate — he was insulted and figured he had no choice but to walk away.

“The fact that somebody is reducing your salary is just telling me they’re not satisfied with what you’re doing,” Torre said Friday at a packed news conference. “There really was no negotiation involved. I was hoping there would be, but there wasn’t.




Casey Stengel

Excerpt:

Charles Dillon "Casey" Stengel (July 30, 1890 - September 29, 1975), nicknamed The Old Professor, was an American baseball player and manager from the early 1910s into the 1960s. He was born in Kansas City, and was originally nicknamed "Dutch", a common nickname at that time for Americans of German ancestry. After his major league career started, he acquired the nickname "Casey", which originally came from the initials of his hometown ("K. C."), which evolved into "Casey", influenced by the wide popularity of the poem, Casey at the Bat. In the 1950s, sportswriters dubbed him with yet another nickname, "The Old Perfessor", for his sharp wit and his ability to talk at length on anything baseball-related.

Although his baseball career spanned a number of teams and cities, he is primarily associated with clubs in New York City. Between playing and managing, he was connected with all four of New York's major league clubs. He was the first of four men (as of 2006) to manage both the Yankees and the Mets. (Yogi Berra, Dallas Green, and Joe Torre are the others.) He ended his baseball career as the beloved manager for the expansion New York Mets, which won over the hearts of New York due to their "lovable loser" image and the unique character of their veteran leader.


Comment: Picture is of the Casey Stengel that I remember - the manager of the hopeless Mets!

Fool: All's well at Wells Fargo

All's Well at Wells Fargo

I'm confused. I'm looking at the headlines of other articles talking about Wells Fargo's (NYSE: WFC) third-quarter results, and I see: "Wells Fargo Sees Subprime Storm Ahead," "Wells Fargo Hit by Credit Woes," "Wells Fargo Takes Its Lumps," and my favorite, "Wells Fargo's Stormy Future."

Hm. I actually thought the quarter was pretty decent. Let me explain.

A step above?


Nearly every large investment bank has reported stunning multibillion-dollar charge-offs, and the stock market barely yawned when Citigroup (NYSE: C), Merrill Lynch (NYSE: MER), and Bear Stearns (NYSE: BSC) revealed multibillion-dollar charges.

However, Wells Fargo's total credit charge-offs for the quarter were $892 million, or about 1% of loans annualized. That's a step up from the $720 million charge-off in the last quarter; net income rose only 4% year over year, but we're talking about the worst credit environment since Russia defaulted on its debt nearly 10 years ago. In light of the difficult environment, it seems Wells Fargo performed admirably.

Comment: The stock took a dive this week! WFC. Contrast with Wachovia (WB):

Wachovia profit falls on write-downs

Excerpt:

Wachovia Corp (NYSE:WB - News) on Friday posted a 10 percent decline in quarterly profit, missing forecasts, as the fourth-largest U.S. bank suffered $1.3 billion of write-downs at its investment banking unit.

WB vs WFC chart

Does anyone believe Larry Craig?

Larry Craig's story is getting harder to believe all the time

Excerpt:

Every time Sen. Larry Craig, R-Idaho, discusses his arrest in a sex sting at an airport bathroom it gets harder and harder to believe his story.

Craig was arrested in June and plead guilty to disorderly conduct after he was accused of soliciting sex from a male undercover police officer in a bathroom at the Minneapolis-St. Paul International Airport. He’s now trying to withdraw his guilty plea. So far, a judge in Minnesota has refused, saying Craig’s plea was “accurate, voluntary and intelligent and supported by the evidence.”

After reading several accounts of the arrest and after listening to the senator during a lengthy television interview, we have plenty of questions.

If, as the senator maintains, the incident was a misunderstanding or a bizarre set of coincidences, why would the senator plead guilty and leave Minneapolis so quickly? If he was truly completely innocent as he maintains now, why plead guilty? Craig said he plead guilty in hopes of avoiding a media circus. Again, a senator should know that any time they’re arrested, it’s going to be a story, especially when a senator is accused of soliciting sex in an airport bathroom.

It’s hard to imagine a senator not having enough common sense or enough backbone to stand up for himself and shout “I’m innocent” to anyone who will listen. Pleading guilty quickly, leaving town and not telling your wife, your children or your lawyer seems like the behavior of a guilty man.

Comment: Nothing of his story makes sense: the "wide stance", the picking up of the TP off the floor, the hand gestures, the peaking into the toilet stall!

MoneyGram bit by subprime

MoneyGram is unlikely subprime mortgage casualty

Excerpt:

During the past three years, MoneyGram International Inc. became a Wall Street darling by providing fast, reliable money transfer services to millions of people all over the globe, from Albania to the Cayman Islands.

But the fast-growing company, which saw its sales jump 40 percent between 2004 and 2006, disclosed late Wednesday that it is the latest casualty of the subprime mortgage crisis that has dragged down the value of financial stocks, bonds and other investments.

In an effort to reap higher returns, MoneyGram invested hundreds of millions of dollars of customer deposits in bonds backed by the high-rate mortgages. Now that many of those homeowners can't make their monthly payments, these bonds have plunged in value.

MoneyGram said it would take a $230 million loss on mortgage-related investments, forcing the company to consider selling one of its largest business units. MoneyGram said it has hired J.P. Morgan Chase & Co. to undertake a "strategic review" of its payment systems business, which accounted for 30 percent of the company's overall revenue last year.


Comment: My friend Troy L works at MoneyGram. MGI is HQ'd in St. Louis Park, MN.

10.18.2007

I35 Bridge update: Did heat, rusted plates doom bridge?

Did heat, rusted plates doom bridge?

Excerpt:

Ten weeks into their probe of the Interstate 35W bridge collapse, National Transportation Safety Board investigators have intensified their inspection of a long-corroded gusset plate that was located in the section of the bridge that fell first.

In addition, authorities are analyzing what role the 91-degree heat on Aug. 1 might have played in increasing stress on the already-weakened L-11 gusset plate, which connected four steel beams located near the bridge's south end.

In 1993, a state inspector found that the half-inch gusset plate had lost nearly half of its thickness in some spots due to corrosion along an 18-inch line, but no repairs were ordered, according to Minnesota Department of Transportation records.

Two structural engineers who have viewed the wreckage said in interviews this week that the L-11 gusset plate is one of three closely situated connections that could hold the secret of what caused the bridge to collapse. All three joints appear to have been damaged by some primary force -- not from secondary impacts sustained during the collapse, the engineers said.



Comment: See earlier CFG posting: Problems with the Gusset joints?. Star Tribune article has photo and a graphic that are worth viewing.

The ultimate terrorist signature

Portents of A Nuclear Al-Qaeda

Excerpt:

Mowatt-Larssen has been gathering this evidence since a few weeks after Sept. 11, when then-CIA Director George Tenet asked him to create a new branch on weapons of mass destruction in the agency's counterterrorism center. He helped Tenet prepare the chapter on al-Qaeda's nuclear efforts that appears in Tenet's memoir, " At the Center of the Storm." Now that the uproar over Tenet's mistaken "slam dunk" assessment of the Iraqi threat has died down, it's worth rereading this account. It provides a chilling, public record of al-Qaeda's nuclear ambitions.

Mowatt-Larssen argues that for nearly a decade before Sept. 11, al-Qaeda was seeking to acquire weapons of mass destruction. As early as 1993, Osama bin Laden offered $1.5 million to buy uranium for a nuclear device, according to testimony presented in federal court in February 2001. When the al-Qaeda leader was asked in 1998 if he had nuclear or chemical weapons, he responded: "Acquiring weapons for the defense of Muslims is a religious duty. If I have indeed acquired these weapons, then I thank God for enabling me to do so."

Even as al-Qaeda was preparing to fly its airplane bombs into buildings, the group was also trying to acquire nuclear and biological capabilities. In August 2001, bin Laden and his deputy, Ayman al-Zawahiri, met around a campfire with Pakistani scientists from a group called Umma Tameer-E-Nau to discuss how al-Qaeda could build a nuclear device. Al-Qaeda also had an aggressive anthrax program that was discovered in December 2001 after bin Laden was driven from his haven in Afghanistan.

Al-Qaeda proclaimed a religious rationale to justify the WMD attacks it was planning. In June 2002, a Kuwaiti-born cleric named Suleiman Abu Ghaith posted a statement on the Internet saying that "al-Qaeda has the right to kill 4 million Americans" in retaliation for U.S. attacks against Muslims. And in May 2003, at the same time Saudi operatives of al-Qaeda were trying to buy three Russian nuclear bombs, a cleric named Nasir al-Fahd issued a fatwa titled "A Treatise on the Legal Status of Using Weapons of Mass Destruction Against Infidels." Interrogations of al-Qaeda operatives confirmed that the planning was serious. Al-Qaeda didn't yet have the materials for a WMD attack, but it wanted them.

Most chilling of all was Zawahiri's decision in March 2003 to cancel a cyanide attack in the New York subway system. He told the plotters to stand down because "we have something better in mind." What did that mean? More than four years later, we still don't know.

Conclusion: "A terrorist nuclear attack, as Tenet wrote in his book, would change history"

Denny Burk: Translations


Point of Clarification on Bible Versions

Excerpt:

When a Bible is rendered from one language into another, we call it translation. Translation happens anytime a scholar or a group of scholars reads the Greek, Aramaic, and Hebrew originals and then translates them into a receptor language (like English in our case). There are two basic philosophies of Bible translation: (1) Formal Equivalence, which is a word-for-word approach to translating, and (2) Dynamic Equivalence, which is a thought-for-thought approach. All translations of the Scriptures fall somewhere on the spectrum between Formal Equivalence and Dynamic Equivalence.


What I use: ESV, NKJV, NASB.

10.17.2007

Subprime in Black and White

Subprime in Black and White

Editorial
Subprime in Black and White

Published: October 17, 2007
Evidence is mounting that during the housing boom, black and Hispanic borrowers were far more likely to be steered into high-cost subprime loans than other borrowers.

Excerpts:

Evidence is mounting that during the housing boom, black and Hispanic borrowers were far more likely to be steered into high-cost subprime loans than other borrowers, even after controlling for factors such as income, loan size and property location.

....

Neighborhoods where subprime borrowers are concentrated are the same neighborhoods that are now experiencing high rates of default and foreclosure. That’s because many subprime loans were not designed to be affordable over the long term, but rather to be refinanced before their initial teaser rates rose. That often hasn’t been possible as home values have dropped and credit standards have tightened, leaving borrowers stuck in loans that have become unmanageable.


Comment: A good read. Perhaps not as clear as it could have been is the fact that credit worthiness is based on credit history and not on income or assets. When a potential creditor sees any of us ... all they see is credit history. By the way ... be sure to check your own credit history annually. A link to the free annual credit report is below right in the navigation pane for links!

Brain scan confirms: Vista blows

Brain scan confirms: Vista blows


Microsoft has applied for a patent for some mind-reading technology. See here. They're going to use this technology to design user interfaces. They say they need to do this because simply listening to people doesn't work. Reason? "Human beings are often poor reporters of their own actions," the company says.

In other words, "People keep telling us that Vista sucks. So we're going to start probing their brains until they tell us what we want to hear."

It's classic Borg, isn't it? Naturally it's much more sensible to create some wacky complicated system to trace brain activity and then translate that into user interface ideas. (See photo of system in action above.)

Beastmaster, listen up. The whole world is telling you that the new Office apps are too complex and scarier than Rosie O'Donnell in bicycle shorts. The whole world -- inlcuding your PC maker business partners -- is telling you that Vista sucks. You don't need to scan your users' brains. You need to scan your developers' brains. And rewire them to be less frigtarded.


Comment: From the fake Steve Jobs blog! Be sure to view the picture!

The story behind the fake Steve Jobs blog is in Newsweek!

Bush warns of World War III

Bush warns of World War III if Iran goes nuclear

US President George W. Bush said Wednesday that he had warned world leaders they must prevent Iran from getting nuclear weapons "if you're interested in avoiding World War III."

"We've got a leader in Iran who has announced that he wants to destroy Israel," Bush said at a White House press conference after Russia cautioned against military action against Tehran's supect atomic program.

"So I've told people that, if you're interested in avoiding World War III, it seems like you ought to be interested in preventing them from having the knowledge necessary to make a nuclear weapon," said Bush.

Comments:


  1. Earlier Ahmadinejad CFG posts
  2. See link Is it 1938 again?
  3. Or WW IV if the Cold War was WW III (thesis of World War IV: The Long Struggle Against Islamofascism