11.09.2007

Atari 2600



Atari 2600 inducted into Toy Hall of Fame

Excerpt:

ROCHESTER, N.Y. - To celebrate the toys inducted Thursday in the National Toy Hall of Fame, hug a red-haired doll, grab a single-button joystick — or go fly a kite.

Raggedy Andy, the Atari 2600 video game system and the kite were chosen for entry into the Strong National Museum of Play's all-star lineup, joining the bicycle, Lionel model trains, Mr. Potato Head and 33 other classic playthings.

"They are outstanding toys that have engaged multiple generations over time, inspiring them to create, learn, discover," said the Rochester museum's president, G. Rollie Adams.

Wikipedia: Atari 2600

The Legacy of the Atari 2600 VCS

Ebay: Still selling!

Stella: Open Source emulator

Comments: We had one ... but I think it was in the '80s. The Wikipedia and the "Legacy" article are very good. Google Atari for much more. I don't run the Atari 2600 on my Mac.

Jezebel: The seal of the Biblical "bad girl"


Ancient seal suggests Jezebel conducted business separate of her husband

Excerpt:

Originally discovered in Israel in 1964, the intricate seal was suspected all along to belong to Queen Jezebel, but confusion over the letters engraved on the stone left some uncertainty. Recently, closer scrutiny of the seal's engraving revealed markings characteristic of royal objects.

"The lion-sphinx with female head and female Isis-Hathor crown, which is unique, this clearly points to a queen," said Marjo Korpel, an Old Testament scholar at the University of Utrecht who conducted the research.

Wikipedia: Jezebel

Biblegateway: Jezebel

Comment: Interesting.

11.08.2007

MyFico webinar tip

I attended a www.myfico.com Webinar today. I learned this tip:

Skip those credit "deals" where you are offered 20% off for all purchases on a given day if you open a new store credit card. In the long run, that extra credit drives your FICO score down and increases your overall cost (interest rate) of credit.

From MyFico:

Retailers love to tell you how opening a department store card can save you an extra 10% or 20% on your purchases. We've all done the math at the register when the cashier offers to save you 10%; hmmm, so that's $15 bucks off these $150 leather boots by opening this card – tempting alright. The bad news is these department store cards typically charge very high interest rates, so if you carry that $150 balance for even one month, you'll be giving that $15 savings back and then some. Not to mention, each time you open one of these new credit accounts might be dinging your FICO® score. As a general rule, don't accept the new credit offers when shopping; that small savings today, most likely isn't worth it in the long run.


Other tips: Improving Your FICO® Credit Score

Despondent conservatives and the Swedenization of America

Why even Reagan couldn't stop spending from skyrocketing--and what to do about it

Excerpts:

The numbers confirm what every despondent conservative already knows. Since Reagan's stunning victory in 1980, conservative journals have annihilated forests to print articles about excessive government spending. Conservative think tanks have produced sweeping plans for reducing the welfare state. Republicans occupied the White House for 18 of the 26 years after 1980, and held a Senate majority for 16 1/2 years and a House majority for 12 years. Yet the result is a federal establishment bigger and more influential today than in 1980.
...
Looking forward, government spending as a percentage of GDP is about to rise dramatically. The oldest baby boomers, born in 1946, will be eligible for Social Security's early retirement benefits in 2008 when they turn 62, and become Medicare beneficiaries when they turn 65 in 2011. These two programs, along with Medicaid, accounted for 41% of federal spending in 2006, even before the baby boom cohort had started collecting benefits. All three will increase relentlessly due to the longevity and sheer numbers of Americans born between 1946 and 1964. The columnist Bruce Bartlett estimates that the magnitude of this growth will be "on the order of 10% of the gross domestic product over the next generation even if no new government programs are enacted or current ones expanded." This is the Swedenization of America on autopilot.

Comment: Washington has an insatiable appetite to spend. Both the Democrats and Republicans are guilty!

Kim Jong-il Hallmark Card

A Hallmark Card of Sorts From Kim Jong-il

Excerpt:

Through its official news agency, North Korea said today, “We feel grateful to the United States for its assistance given to our crewmen.” If that wasn’t odd enough, the statement goes on to hail the incident as a “symbol of cooperation” between two nations “in the struggle against terrorism,”

Comment: I restrained myself and did not label this "weird"!

Life:

Because Kathee and I are out of PTO (Paid Time Off) synch, I am taking off tomorrow to catch up with Kathee. So I have a three day weekend ahead. Plans:


  1. Friday: flu shot, lunch with one of our Pastors, errands.
  2. Saturday: coffee with a friend in the morning & Brother is coming by for dinner.
  3. Sunday: We are celebrating Rachel's 23rd birthday in the afternoon. Worship at 4th.

11.07.2007

Sarkozy, euro vs $, Airbus Costs

Sarkozy Says Dollar Drop Risks Triggering Trade War

Excerpt:

Sarkozy said yesterday that Toulouse, France-based Airbus SAS, the world's biggest planemaker, loses about 1 billion euros ($1.5 billion) for every 10-cent increase against the dollar.


``Those who admire the nation that has built the world's greatest economy and has never ceased trying to persuade the world of the advantages of free trade expect her to be the first to promote fair exchange rates,'' Sarkozy said. He repeated his concern that the Chinese yuan is unfairly undervalued.


Comment: Follow on to early CFG post: "... the drop in the dollar makes the cost of United State goods and services less expensive to consumers in other countries and the cost of other countries' goods and services more expensive to us in the United States. Thus exports should be increasing in coming days and imports decreasing." Sarkozy's concern is that Airbus sales to US carriers will tank!

The most expensive dessert in the world

New York's $25,000 dessert sets Guinness record

Excerpt:

NEW YORK (Reuters) - A day after New York City came up with a $1,000 bagel, a local restaurateur unveiled a $25,000 chocolate sundae on Wednesday, setting a Guinness world record for the most expensive dessert.

Stephen Bruce, owner of Serendipity 3, partnered with luxury jeweler Euphoria New York to create the "Frrozen Haute Chocolate," a blend of 28 cocoas, including 14 of the most expensive and exotic from around the globe.

The dessert, spelled with two Rs, is infused with 5 grams (0.2 ounces) of edible 23-karat gold and served in a goblet lined with edible gold. At the base of the goblet is an 18-karat gold bracelet with 1 carat of white diamonds.

The sundae is topped with whipped cream covered with more gold and a side of La Madeline au Truffle from Knipschildt Chocolatier, which sells for $2,600 a pound.

It is eaten with a gold spoon decorated with white and chocolate-colored diamonds, which can also be taken home.

Comment: Be sure to look at the pictures associated with the article (link above). Actually it doesn't look that good. I would take Haagen Dazs cherry vanilla over this (my idea of an expensive dessert!)

More on $$, Gold, and Oil

Earlier CGF post

Once again the dollar is down, and oil and gold are up. Why does this happen? Gold and oil have intrinsic value, while the dollar has fiat value. When the Fed dropped the federal funds rate last week, demand for the dollar dropped (the old supply and demand from Economics 101!). International investors prefer the euro to the dollar and so the dollar drops in value via the mechanism of Adam Smith's "invisible hand".

If the demand for gold or oil were steady (and for the sake of argument let's say that it is!), the price of oil would naturally rise. Since investment grade gold cannot be consumed (of course some gold is consumed in electronics and jewelry!), the demand for gold is basically steady. But oil is another case. Oil reserves are either stable or declining, and international demand for oil is increasing. So on the supply and demand curve (supply steady or declining & demand increasing), oil is on the rise!

What does the drop in the dollar against gold and oil mean to the average consumer? Not much with regard to gold, unless one is shopping for jewelry! For oil, it makes a giant difference! So much of one's disposible income is expended on energy: oil supplies the power plant, pays the trucker, is built into the cost of many products and services, fuels the car! For us in a common week, we consume 15 gallons of gasoline. At $ 3.00 per gallon, we expend $ 45.00 per week on gasoline. A year ago that gasoline was $ 2.20 per gallon. Thus for us, we are spending $ 12. more per week on gasoline alone. At the individual level, that is an extra $ 600 per year. Not much to some perhaps, but at a national level on gasoline alone billions more are being sucked out of the economy (and off to Saudi Arabia!). This impacts restaurants, and retail consumption.

How does this balance out? Well the drop in the dollar makes the cost of United State goods and services less expensive to consumers in other countries and the cost of other countries' goods and services more expensive to us in the United States. Thus exports should be increasing in coming days and imports decreasing. (It shouldn't impact imports from China as the Chinese currency is pegged to the dollar).

Some links one may find interesting:

Effective Federal Funds Rate

Dollar Slumps to Record on China's Plans to Diversify Reserves

Oil Rises Above $98 to a Record as U.S. Supplies, Dollar Drop

Gold Rises to 27-Year High on Oil; Silver Gains to 26-Year Peak

Mother heroically defends against Rottweilers

Rottweilers chased mom, girl into van, then went after cops

Excerpt:

Sgt. Chris Larrabee said the 37-year-old woman was house-sitting for a friend who owns the dogs when she and her daughter were attacked by at least one and pursued by all three.

The woman heard her daughter screaming on the first floor of the house, ran up from the basement and saw one of the Rottweilers biting the little girl.

"In the scuffle, she grabbed her daughter and the dog ended up starting to attack her," Larrabee said.

The woman and child ran outside to their van, and the woman called 911 on a cell phone. When officers arrived, the three Rottweilers were circling the van and the woman was going into shock, Larrabee said.

Comment: Next door neighbors of my Brother and Sister-in-Law. Kathy Peet (S-I-L) sent this to me.

Colleen Tronson: God’s Amazing Grace

God’s Amazing Grace

Comment: Fantastic article by the Director of Metro Womens Center!

11.06.2007

Wells Fargo goes green with Data Center

Case Study: Wells Fargo's Free Data Center Cooling System

Intro:


Bob Culver generated $150,000 in free cooling last year by using water-side economizer technology in the air conditioning system serving Wells Fargo & Co.’s Minneapolis data center. Culver, vice president of technology information group facilities, expects to save double that amount this year and up to $450,000 annually as the bank continues to expand operations in the new, 80,000-square-foot facility. That’s a 15% overall savings on energy use — not bad for an investment that added $1million (about 1%) to total construction costs when the facility was built two years ago. “It’s one of the better decisions we made,” Culver says.

The water-side economizer uses a combination of a cooling tower outside the building and a “shell and tube” heat exchanger inside. For about four months each year, the system can provide water that’s sufficiently chilled by outside air to allow the heat exchanger to directly feed Wells Fargo’s data center with cold air, bypassing the chiller. Savings this year will come from shutting off two chillers that currently feed the data center. Culver expects to add a third chiller in the next few years as the data center expands to full capacity.

Comment: I've been in this data center and it is totally cool in more ways than one!

Nail 'em!

Lavish televangelist lifestyles raise eyebrows at Senate Finance Committee

Excerpt:

The reportedly extravagant lifestyles of six television evangelists are raising some eyebrows at the Senate Finance Committee, which wants to know if the popular preachers are paying their fair share in taxes.

Sen. Charles Grassley, the committee's ranking Republican, has written letters to the evangelists, asking that they "disclose their assets, spending practices, compensation plans and business arrangements," according the Wall Street Journal's Suzanne Sataline. "The letters aren't formal subpoenas, and the six aren't required to reply."

Although religious organizations themselves are not required to pay federal taxes, any for-profit ventures a church may engage in are not similarly exempt.

"Mr. Grassley said his investigation was prompted by complaints from watchdog groups and others that the ministers live in multimillion-dollar homes, travel on private jets and engage in profit-making ventures from their ministries," reports the Journal, adding that the senator said he would withhold judgment until he got "the story from the ministries."

Comment: You know my view from the title of this post: "Nail these charlatans"

More from www.stltoday.com: Joyce Meyer Ministries is a target of GOP senator's probe

In his five-page letter, Grassley also asked Meyer for:


  1. A "detailed accounting" of all her and her husband's expense-account items, including clothing and cosmetic surgery.
  2. Information about any overseas bank accounts and deposits made outside the U.S. after international evangelical crusades.
  3. The tax-exempt purpose of items purchased for her ministry's headquarters, such as a $23,000 marble-topped commode, a $30,000 conference table and an $11,219 French clock.
  4. A detailed accounting of total monthly expenses for upkeep on the Meyers' personal residence, and any vacation homes, from 2004 to the present.
  5. An explanation of any personal use of the ministries' tax-exempt assets, including "jets, employees, facilities," from 2004 to the present.



Senate Panel Probes 6 Top Televangelists

Comment: A common sense approach would be a requirement that all 501(c)(3)organizations (including churches) be required to file a 990 form to the IRS!

Was Paul Tibbets a war criminal?

Waterboarding and Hiroshima - Did the Allies in World War II "lower themselves to the level of their enemies"?

Conclusion:

Whatever side one takes here, the important point is that the debate fundamentally is about results. Note the difference with the current debate over waterboarding, where opponents argue that the technique is unconscionable and inadmissible under any circumstances, even in hypothetical cases where the alternative to waterboarding is terrorist attacks resulting in mass casualties among innocent civilians.

According to this view, it is possible to wage war yet avoid the classic "choice of evils" dilemmas that confronted past statesmen such as Churchill and Roosevelt. Or, to put the argument more precisely, it is possible to avoid this choice if one is also prepared to pay for it in blood--if not in one's own, than in that of kith and kin and whoever else's life must be sacrificed to keep our consciences clear.


Paul Tibbets, too, had a clear conscience. "Why be bashful?" he told the Columbus Dispatch in 2003. "That's what it took to end the war." Tibbets needed no instruction in the cruelties of war. But he also understood that awful things would have to be done in order to be spared greater harms. One senses Judge Mukasey understands that too--further evidence of his fitness to serve as attorney general.



Wikipedia: Paul Tibbets

Wikipedia: Enola Gay

Wikipedia: Hiroshima

Comment: Was Paul Tibbets a war criminal? No!

Congressional politics 101

In case you are a starry-eyed naivete, you may actually think that Congress exists to pass laws the benefit Americans! Not so ... it's there to embarrass the other side and score points.

Illustration:

Kucinich Introduces Impeachment Articles Against Cheney

Score 1 for the Democrats!

Republicans keep Cheney impeachment bill alive

Comment: What's this? The Republicans vote to keep the impeachment bill alive? Makes no sense! Or does it!

Excerpt:

The vote to table the privileged resolution, offered by Ohio Democrat Dennis Kucinch, began as a largely party-line vote to kill the measure, but Republicans developed a strategy to force Democrats to debate the resolution by supporting Kucinich. GOP leaders felt as though it was in their interest to debate the measure because it would make Democrats look bad.

After more than an hour of waiting for the vote to close, the motion to table the resolution failed by a vote of 162-251 after Democratic leaders failed to convince a group of liberal caucus members to side with them.

Republican lawmakers and aides credited Rep. John Shadegg (R-Ariz.) for coming up with the idea.

Comment: Score one for the Republicans who "felt as though it was in their interest to debate the measure because it would make Democrats look bad"!

House tied in knots over resolution to impeach Cheney

Comment: This childishness is reminiscent of when my children fought over Legos! Is it any wonder that Congressional approval ratings are so dismal! Want to understand Congressional politics? Look no further than this episode!

Misleading health care claims

Beyond Those Health Care Numbers

Economic View
Beyond Those Health Care Numbers
By N. GREGORY MANKIW
Published: November 4, 2007
The most dangerous claims in the health care debate are those that are true but don’t mean what people think they mean.


Here are three of the true but misleading statements about health care that politicians and pundits love to use to frighten the public:


  1. The United States has lower life expectancy and higher infant mortality than Canada, which has national health insurance.
  2. Some 47 million Americans do not have health insurance
  3. Health costs are eating up an ever increasing share of American incomes.


Comments: A worthwhile read. Brief answers to the above


  1. True, but other factors are at play: accidents, homicides (high in some segments of society not present to the same degree in Canada!), and lifestyle choices affecting obesity! National health insurance would not touch any of these factors!
  2. True, but: a.) includes 10 million illegals that would not have insurance were we to have national health insurance; b.) includes some who would be covered by Medicaid but have not enrolled; c.) includes many who choose not to have insurance (healthy young adults who prefer not to purchase it when it is available to them & wealthy americans (some retired) who choose to self-insure). I personally know people in the "c" category!
  3. True, but "The reason that we spend more than our grandparents did is not waste, fraud and abuse, but advances in medical technology and growth in incomes. Science has consistently found new ways to extend and improve our lives. Wonderful as they are, they do not come cheap".


Conclusion (from the article):

Our health care system is not perfect, but it has been a major source of advances in our standard of living, and it will be a large share of the economy we bequeath to our children. As we look at reform plans, we should be careful not to be fooled by statistics into thinking that the problems we face are worse than they really are.

1-800-Sue-Your-Banker?

A Sarbox for Housing - How to restrict lending to the poor for years to come

Excerpts:

Throughout the 1980s and '90s, Congress prodded, even strong-armed, banks into making more mortgage loans to low-income and minority families. Washington enacted anti-discrimination and community lending laws with penalties against lenders for failing to issue riskier mortgages to homebuyers living in poor neighborhoods or with low down payments and subpar credit ratings. And so it was that the modern subprime mortgage market was born.

Now, and for a variety of reasons, some two million of those loans have gone sour, and the same politicians are searching for villains. Leading the charge is House Financial Services Chairman Barney Frank, who is accusing banks of "predatory lending"--by which he means making loans to the very group of borrowers that Mr. Frank and his colleagues urged banks to serve.

As early as today, Mr. Frank plans to hold a committee vote on his Mortgage Reform and Anti-Predatory Lending Act of 2007, which would impose new rules and financial penalties on subprime lenders, while providing new lawsuit opportunities for distressed borrowers. "People should not be lent money that's beyond what they can be expected to pay back," Mr. Frank says. Now, there's an idea. Why didn't the bankers think of that?

Mr. Frank's proposal is a trial lawyer's dream. It would forbid banks from signing up borrowers for "overly expensive loans"; require banks to make sure that the consumer has a "reasonable ability to repay the loan"; and insist that loans must be "solely in the best interest of the consumer." This kind of murky language would invite litigation from every borrower who misses a payment. If it becomes law we can expect to see billboards reading: "Behind on your mortgage? For relief, call 1-800-Sue-Your-Banker."
...
No one disputes that there were lending excesses during this decade's housing revels. The Federal Reserve's easy money policy created a subsidy for debt and fed an asset bubble that made borrowers and lenders alike think prices would rise forever. If companies or individuals committed fraud, they should be punished. Meanwhile, federal regulators have been rewriting rules to outlaw the most abusive practices, such as onerous prepayment penalties and disguised balloon interest payments.

But for all the demonizing, about 80% of even subprime loans are being repaid on time and another 10% are only 30 days behind. Most of these new homeowners are low-income families, often minorities, who would otherwise not have qualified for a mortgage. In the name of consumer protection, Mr. Frank's legislation will ensure that far fewer of these loans are issued in the future.



Comment: Congress helped create the mess through "anti-discrimination and community lending laws with penalties against lenders for failing to issue riskier mortgages to homebuyers living in poor neighborhoods or with low down payments and subpar credit ratings" ... and now some want to punish lenders for enabling lower income families to own a home! Amazing!

Facing Sennacherib



Our reading in 2 Chronicles 32 last night (vss 1-8)

After these deeds of faithfulness, Sennacherib king of Assyria came and entered Judah; he encamped against the fortified cities, thinking to win them over to himself. And when Hezekiah saw that Sennacherib had come, and that his purpose was to make war against Jerusalem, he consulted with his leaders and commanders to stop the water from the springs which were outside the city; and they helped him. Thus many people gathered together who stopped all the springs and the brook that ran through the land, saying, “Why should the kings of Assyria come and find much water?” And he strengthened himself, built up all the wall that was broken, raised it up to the towers, and built another wall outside; also he repaired the Millo in the City of David, and made weapons and shields in abundance. Then he set military captains over the people, gathered them together to him in the open square of the city gate, and gave them encouragement, saying, “Be strong and courageous; do not be afraid nor dismayed before the king of Assyria, nor before all the multitude that is with him; for there are more with us than with him. With him is an arm of flesh; but with us is the LORD our God, to help us and to fight our battles.” And the people were strengthened by the words of Hezekiah king of Judah.


Sennacherib

Comment: Compare 2 Chronicles 20:15, "And he said, “Listen, all you of Judah and you inhabitants of Jerusalem, and you, King Jehoshaphat! Thus says the LORD to you: ‘Do not be afraid nor dismayed because of this great multitude, for the battle is not yours, but God’s". A different context historically ... but the same truth!

Cleveland: the sub-prime capital of the United States

BBC: Foreclosure wave sweeps America

Excerpt:

Cleveland, Ohio, is an industrial city on the banks of Lake Erie in the US "rust belt".

It is the sub-prime capital of the United States. One in ten homes in the city is now vacant, and whole neighbourhoods have been blighted by foreclosed, vandalized and boarded-up homes.

Many of these homes are now owned by the banks and investment pools owning the mortgages, and the company making the most foreclosures in Cleveland is Deutsche Bank Trust, which acts on behalf of such investment pools.

Cleveland is facing a rising crime wave, and the cost of demolishing the vacant houses alone will cost the city $100m of its tax base.

According to Jim Rokakis, the County Treasurer for Cleveland's Cuyahoga County, "Wall Street strategies that made the cycle of no-money-down, no-questions-asked lending possible have sucked the life out of my city".


Comment: See earlier CFG post: Trouble on Gardenview Drive

11.05.2007

Stuff Out Loud: A Faulty View of the Kingdom?

Stuff Out Loud: A Faulty View of the Kingdom?

Comment: Worthwhile read!

Bear market for banks

Fears intensify for prolonged turmoil

Excerpt:

Huw van Steenis, an analyst at Morgan Stanley, said: “The bear market for banks is unlikely to end until we get some clarity on the extent of the losses... in many cases we’ll not get real clarity until the full-year results next year.”

Frederic Mishkin, a Federal Reserve governor, admitted that although the central bank could use monetary policy to offset the macroeconomic risk arising from the credit squeeze, it was “powerless” to deal with “valuation risk” – the difficulty assessing the value of complex or opaque securities.

Comments: those "complex or opaque securities" are the "collateralized debt obligations" mentioned earlier.

The Fool: Split up Citigroup?

3 Ways to Fix Citigroup

Quote:

Citigroup's shares trade at a huge conglomerate discount. Boutique investment banks like Greenhill and Lazard, wealth managers like Raymond James, and diversified consumer banks like US Bancorp (NYSE: USB) and Wells Fargo (NYSE: WFC) trade in the 20, 15, and 12 times trailing price earning multiples ranges.

Citigroup, which boasts extremely competitive positions in most of its businesses, should trade near or at a slight discount to these multiples -- shares are currently trading at less than eight times 2008 earnings estimates. If Citigroup simply split into consumer banking, capital markets, and wealth management divisions, it would almost certainly increase in value, become much more nimble, and remove layers of bureaucratic expenses.

The synergies of the financial supermarket model have never worked. Sure, it makes sense for consumer banks to offer credit cards. But it doesn't make much sense to pair an investment bank and a consumer bank. Jane or Joe Schmo won't walk into a bank, deposit $100, and then ask for merger and acquisition advice.

So there you have it. Anyone who has ever read "You Can Be a Stock Market Genius" can attest to the fact that spin-offs handily outperform the market once freed from an onerous and bureaucratic structure. It may be time for Citi to regroup, spin off into separate businesses, and finally allow its shares to beat the market.



Arch critic calls for Citigroup to be broken up

Excerpt:

Meredith Whitney, the CIBC World Markets' financial services analyst, believes the only way forward for new chairman Robert Rubin and interim chief executive Sir Win Bischoff is to carve the bank up and sell it off.

Ms Whitney's comments last week on the state of Citi's balance sheet sparked a $369bn (£177bn) fall in world markets and helped trigger an emergency meeting of the bank's board at the weekend at which Mr Prince tendered his resignation.

Citi is the largest victim to date of the global credit crisis, announcing further write-downs of up to $11bn on top of $5.9bn revealed in the third quarter.

Asked about the possibility of a Citi break-up, Ms Whitney, who received death threats following her comments last week, said: "That's really the only thing they can do. They don't have the capital to manage it as an ongoing entity."

Prince has vacated his throne - and left a mess!

After Prince, more problems for Citi

Excerpt:

The big wild card in the Citigroup saga is what happens now with its large, shadowy bond funds that the credit crunch has hurt. Citigroup's so-called structured investment vehicles (SIVs) - which have approximately $80 billion in assets - are kept off the balance sheet and are having trouble because investors stopped buying the notes they issued to fund their investments.

Other banks, along with the Treasury Department, are trying to set up a new, bigger SIV that would effectively stop the other SIVs from going into liquidation. The Wall Street Journal reported Friday that the Securities and Exchange Commission is looking into whether Citigroup has been accounting correctly for transactions it has done with its SIVs. A Citigroup spokeswoman was quoted in the Journal saying the bank is confident that it has accounted for its SIVs correctly. But, conspicuously, Citigroup didn't mention its SIVs, at least explicitly, in the Sunday press release on losses.

If the SEC review does find irregularities with the SIV trading, there's a chance Citigroup would have to reflect at least some of its SIV exposure on its balance sheet. Because of the doubts about Citigroup's capital strength, any move to reflect the SIVs on the balance sheet could deepen worries over the bank's financial footing. However, other analysts believe Citigroup has adequate capital to deal with an SIV shock and more losses from mortgage-related assets and bad loans.


Wikipedia: Structured investment vehicle (SIV)

Wikipedia: 2007 Subprime mortgage financial crisis

Comments: I had never heard of a SIV until this article! Wikipedia: 2007 Subprime mortgage financial crisis provides a good overview of Subprime issue. "C"

Tracking underground pollution

Comment: Good article with graphics on Minneapolis groundwater and aquifer. Be sure to view cross section of the Prairie du Chien aquifer!

Star Tribune: water sources

Excerpt:

In a three-part series that ended Tuesday, the Star Tribune reported that 20 significant areas of groundwater contamination lie beneath 35 metro communities. The combined polluted zones are 2½ times the area of Minneapolis. Much of the pollution is in suburbs where chemicals from old dumps seeped into groundwater.

Only the most populated areas around the Twin Cities have the detailed geological information helpful to regulators tracking pollution in groundwater.

11.04.2007

Aoyun, Ni Ni, 1A, and @

Nearly 3,500 Chinese Named 'Olympics'

Excerpt:

Chinese have increasingly turned to unique names as a way to express a child's individuality.

In a country with a population of 1.3 billion, 87 percent share the same 129 family names. That's why 5,598 people have the same name as basketball player Yao Ming and 18,462 share a moniker with star hurdler Liu Xiang, according to the Beijing Daily report.

Comment: I wish my parents had been more creative in naming me!

The midseason unbeaten "super" bowl

Here's the match up of the season - the two best teams who will never meet in the Super Bowl: New England Patriots at the Indianapolis Colts

Sports of The Times
Manning and Brady Bring to Mind Quarterbacks Past
By WILLIAM C. RHODEN
Published: November 3, 2007
Peyton Manning may or may not be a latter-day Johnny Unitas but Tom Brady, without question, is this generation’s Bart Starr.

Manning and Brady Bring to Mind Quarterbacks Past

Prediction: My heart says the Colts ... my head says the Pats.

11.03.2007

Huckabee Could Rock the Vote

How Huckabee Could Rock the 2008 Vote

Conclusion:

The clearest testament to Huckabee's dexterity -- and the staying power of his faith-infused, soft-edged conservatism -- is the very makeup of the 2008 GOP field. In the mid-1990s, Huckabee was a frequently overlooked member of the celebrated corps of Republican Revolution-era governors. The talent pool ran so deep at the time that the party seemed stocked with viable presidential aspirants for decades to come.

But while one of those governors, George W. Bush, found his way to the White House, the others slowly faded. By late 2006, just three governors were in the hunt to succeed Bush -- Huckabee, New York's George Pataki and Wisconsin's Tommy Thompson. Pataki quickly learned that he had no constituency and never entered the race. Thompson did jump in, only to discover that his signature issue, welfare reform, had lost its political saliency.

That leaves Huckabee, the last 1990s-era Republican governor standing in the 2008 race. As his rise shows, religion never goes out of style in American politics. Huckabee's rivals may yet learn that the hard way.

Comment: I don't understand why more Christian leaders have not gotten behind him!

DNA proof that Elvis is alive!

Truth in advertising ... I don't believe Elvis is alive! A year ago, Kathee and I visited his grave at Graceland.

The Elvis is Alive Museum is closing and the contents are now for sale on Ebay (the auction ends on November 8th, and the link will probably be dead after that!).

StLouis.com reports that the Wright City Elvis museum will close with these reasons the owner believes Elvis is alive:

Bill Beeny's "10 Reasons Why I Believe Elvis Is Alive!"


  1. The Elvis "corpse" DNA does not match biopsy tissue of Elvis.
  2. Elvis' family did not collect the $3 million life insurance policy from Lloyds of London.
  3. The body in the casket weighed 170 pounds. Elvis at that time weighed 255.
  4. Elvis' first cousin, Gene Smith, said it was not Elvis in the casket.
  5. Elvis has been photographed three times since the funeral. Facial experts confirm it was him.
  6. Elvis' voice has been taped from phone conversations after the funeral. Voice print experts say it was him.
  7. Handwriting done by Elvis after the funeral has been checked by graphologist and confirmed to be his.
  8. Elvis' aunt stated that it was not Elvis in the casket.
  9. Elvis' father, Vernon, when asked by a friend about the body in the casket, said "Elvis is not in the casket. He is upstairs."
  10. Numerous friends, stars, family and journalists said the man in the casket did not look like Elvis.


While I believe Elvis to be dead, I know that Jesus Christ is alive!

Acts 1:1-3, "The former account I made, O Theophilus, of all that Jesus began both to do and teach, until the day in which He was taken up, after He through the Holy Spirit had given commandments to the apostles whom He had chosen, to whom He also presented Himself alive after His suffering by many infallible proofs, being seen by them during forty days and speaking of the things pertaining to the kingdom of God."

Where would one find those proofs? Matthew, Mark, Luke & John!

The fake check scam

What is a fake check scam?


What is a fake check scam?

It's a fast-growing fraud that could cost you thousands of dollars. There are many types of fake check scams, but it all starts when someone gives you a realistic-looking check or money order and asks you to send cash somewhere in return. It's phony, and so is the person's story, but that may take weeks to discover. Now your bank wants the money back. However, just because you can get the cash doesn't mean the check or money order is good. Ultimately, you are responsible for the checks or money orders you deposit or cash. That's how the scam works.

Comment: Link is to victim interview. Check out FakeChecks.org for more! Read details of the scam here!

11.02.2007

Lipitor vs. Zocor

Maker of Lipitor Digs In to Fight Generic Rival

Business
Maker of Lipitor Digs In to Fight Generic Rival
By STEPHANIE SAUL and ALEX BERENSON
Published: November 3, 2007
Each month, thousands of patients on the cholesterol drug are switching to simvastatin, a cheaper alternative, but Pfizer is not letting its flagship drug go down without a fight.

Excerpt:

And scientists and doctors say that for most of the 16 million people in America who take drugs to reduce cholesterol, the low-priced alternative will work as well as the name-brand medicine — Lipitor, which is made by Pfizer and is the nation’s most widely prescribed drug.

While Lipitor itself is not available as a generic, a very similar drug made by Merck, Zocor, lost its patent protection last year. The generic version of Zocor, simvastatin, is now much cheaper than Lipitor, leading insurers to press doctors and patients to switch.

Comment: See my early post: Generic Drugs

Google Docs Beta

Google Docs Beta

PC Mag Conclusion:

If you've been thinking of online services such as Google Docs as a possible replacement for a desktop-based office suite, you're likely to be disappointed by even the best of these services. But if you understand that an online service provides a quick, efficient, available-anywhere way to create, edit, and share small to medium-size documents, you'll be as impressed as I am with the way Google does things. Among online document-creation services, Google Docs is an obvious Editors' Choice.

Comments: Works well for small documents.

Steel cut oatmeal

We tried this this week: McCann’s Oatmeal

What are Steel-cut oats?


Steel-cut oats are also known as coarse-cut oats, pinhead oats, Scotch oats, or Irish oats. In comparison, the other main variety, rolled oats, are flake oats that have been steamed, rolled, re-steamed and toasted.

Impression: tastier, more pleasant texture than rolled!

Are bank stocks safe?

U.S. bank dividends called into question

Excerpt:

NEW YORK, Nov 2 (Reuters) - Fallout from the subprime mortgage crisis is raising questions about whether banks can maintain their common stock dividends, a key reason many shareholders invest in the sector in the first place.

A much-discussed analyst report this week questioning whether Citigroup Inc (C.N: Quote, Profile, Research) can afford its 54 cents per share quarterly dividend added the largest U.S. bank to a growing mix of lenders whose dividend-paying ability has been questioned.

Rising loan losses and debt write-downs and fears there will be more, have depressed bank stocks and driven up dividend yields, the ratio of the annual dividend to the stock price.



Citi board gathering for emergency meeting: WSJ


The stock dropped especially hard on Thursday, when analysts at CIBC sparked concern the bank may have to cut its dividend to preserve capital. See full story.
Prince has been under pressure to improve the bank's performance, even before the credit crisis this summer.

Two weeks ago, Citi reported a 57% drop in third-quarter net profit two weeks ago due to recent write-downs for bad loans and other credit issues.

Comment: You may think it doesn't matter, but if you invest in mutual funds or a stock index fund, major banks like Bank of America, Citibank, Wells Fargo, etc are in the mix! Subprime issue comes home to roost!

C vs WFC chart

FT: Banks hit again as credit fears spread

Excerpt:

Despite a surge in US employment growth last month, investors remained worried that banks and other financial institutions still faced heavy losses arising from the troubled US mortgage market and related securities.

Market expectations that the impact of these losses on the broader US economy could spur the US Federal Reserve to cut interest rates further drove the dollar down to a new low against euro. The dollar’s slide in turn helped drive gold to a 28-year high of more than $800 an ounce and oil above $95 a barrel.

Andrew Wilkinson, analyst at Interactive Brokers, said: “A daisy chain of market reports predicting continued writedowns and runaway credit losses” at the biggest banks and brokerage firms hit investor sentiment.

Comment: Could this also spur a major bank merger?

A 'working theory' on collapse

'Working theory' blames design, weight for I-35W bridge collapse

Excerpt:

Federal transportation officials today sought to clarify the status of their investigation of the Minneapolis bridge collapse, a day after Transportation Secretary Mary Peters described a "working theory" of a poorly designed gusset plate and a heavy load of construction materials.

Peters' remarks came during a round-table discussion at the White House Transportation Legislative Leaders Summit in Washington, prompting a Minnesota lawmaker to scribble "Wow" in his notes.

The National Transportation Safety Board is investigating the cause of the Aug. 1 collapse, which killed 13 and injured about 100. An answer is expected to take 12 to 18 months. The stakes are high - the probe could show whether the state failed to adequately maintain or repair the structure.

State Sen. Steve Murphy said he heard Peters say the NTSB's finding won't be lack of inspections or maintenance, and jotted that down in his notes.

"I almost fell out of my chair, and I say that because I know how much money we spend on maintenance," said Murphy, a Democrat from Red Wing who oversees transportation budgets. "I know how far behind we are on actually fixing the stuff that needs to be taken care of to keep the public safe."

Peters' spokesman said she didn't say anything the NTSB hasn't already made public. The board flagged gusset plates and construction weight a week after the bridge failure, and Peters warned transportation officials nationwide to check construction loads on bridges.

Comment: Compare: The Straw that Broke and Problems with the gusset joints.

Mukasey and the Dem's political sideshow

Mukasey and the Democrats Their real target is antiterror interrogation

Excerpt:

Their immediate political figleaf is that the judge won't pre-emptively declare "waterboarding," or simulated drowning, to be illegal. Mr. Mukasey has declared that torture "violates the law and the Constitution, and the President may not authorize it as he is no less bound by constitutional restrictions than any other government official." But he refuses to say whether waterboarding meets the statutory definition of torture based only on "hypothetical facts and circumstances."

This seems fair enough given that he has not been briefed on any of the classified interrogation details (as top Congressional Democrats have been). It also seems wise given that, if confirmed, he will have to read and consider legal memoranda already approved by Justice Department officials on the same subject. How can he declare himself before he's read them?

Most important, his discretion serves the American people by helping to keep our enemies in some doubt about what they will face if they are captured. The reason that CIA interrogation methods are kept highly classified is so that enemy combatants can't use them as a resistance manual. If terrorists know what's coming, they can prepare for it beforehand and better resist.

What's really at stake here is whether U.S. officials are going to have the basic tools required to extract information from America's enemies. As CIA Director Michael Hayden pointed out in a speech this week, "the best sources of information on terrorists and their plans are the terrorists themselves."

Mr. Hayden added that fewer than 100 captives "have gone through the interrogation program since it began in 2002 with the capture of Abu Zubaydah," a top aide to Osama bin Laden and 9/11 plotter. Yet those interrogations have generated "thousands of intelligence reports." More than 70% of the human intelligence that makes it into formal U.S. intelligence estimates "is based on detainee information."

As for waterboarding, it is mostly a political sideshow. The CIA's view seems to be that some version of waterboarding is effective in breaking especially tough cases quickly. Press reports say it has been used only against a few high-value al Qaeda operatives like Khalid Sheikh Mohammed and Zubaydah. As former CIA Director George Tenet points out in his book "At the Center of the Storm," KSM and others never would have talked about "imminent threats against the American people" had they not been dealt with harshly. "I believe that none of these success would have happened if we had had to treat KSM like a white-collar criminal," he writes.

If Democrats want to strip the CIA of this tool, then they ought to legislate it openly, not make law under the table through the confirmation process. Congress has twice had the chance to ban or criminalize waterboarding, but it declined to do so in both the Detainee Treatment Act of 2005 and the Military Commissions Act of 2006. And not for lack of trying: In debating the Military Commissions Act, Ted Kennedy offered a detailed amendment that specifically prohibited waterboarding, as well as other coercive interrogation methods; it lost on the Senate floor, 46-53.

Comment: Follup to The Democrats hypocrisy on waterboarding

Schumer and Feinstein Back Mukasey

U.S. / Politics
Schumer and Feinstein Back Mukasey
By DAVID STOUT and SHERYL GAY STOLBERG
Published: November 2, 2007
The attorney general nomination seemed all but assured when two Democrats on the Senate Judiciary Committee announced their support.

Excerpt:

Mr. Schumer announced his support after meeting with Mr. Mukasey this afternoon. “Judge Mukasey is not my ideal choice,” Mr. Schumer said in a statement afterward. “However, Judge Mukasey, whose integrity and independence is respected even by those who oppose him, is far better than anyone could expect from this administration.”

The statement from Mr. Schumer of New York, and late word from the office of Senator Feinstein of California that she too would endorse Mr. Mukasey, virtually assured that he would win the backing of the Judiciary Committee when it meets on Tuesday, and in all probability confirmation by the full Senate.

There are nine Republicans on the Judiciary Committee, versus 10 Democrats. So with the support of Mr. Schumer and Ms. Feinstein, the numbers are on Mr. Mukasey’s side, even though Senator Patrick J. Leahy, the Vermonter who heads the Judiciary Committee, this afternoon became the fifth Democrat on the panel to announce that he would vote against the nominee.

Mr. Schumer said his decision had been “extremely difficult,” and that a big factor was Mr. Mukasey’s opinion, conveyed to him this afternoon, that “were Congress to pass a law banning certain interrogation techniques, we would clearly be acting within our constitutional authority.”


Comment: Note the last sentence!

575 year old bratwurst recipe



Historian finds oldest recipe for bratwurst

Excerpt:

BERLIN (Reuters) - A hobby historian has discovered the oldest known recipe for German sausage, a list of ingredients for Thuringian bratwurst nearly 600 years old.

According to the 1432 guidelines, Thuringian sausage makers had to use only the purest, unspoiled meat and were threatened with a fine of 24 pfennigs -- a day's wages -- if they did not, a spokesman for the German Bratwurst Museum said Wednesday.

Medieval town markets in Germany had committees charged with monitoring the quality of produce. Thuringian bratwursts, which are made of beef and pork, are symbols of Germany's cultural heritage and ubiquitous snacks at football matches.

Historian Hubert Erzmann, 75, found the ancient recipe, inscribed with pen and ink in a heavy tome of parchment, earlier this year while doing research in an archive in the eastern town of Weimar, museum spokesman Thomas Maeuer said.

"The discovery shows that there were already consumer protection laws in the Middle Ages," he said.

Comment: I love bratwurst (but I'm not sure bratwurst loves me!). I especially like bratwurst with dark stone ground mustard and sauerkraut. I only have this about three times a year: Memorial Day, 4th of July, and Labor Day.

11.01.2007

Jeb Bush on the candidates

Jeb Bush on the candidates

Summary:


  1. Rudy Giuliani: "Direct, sees the world the way it is, and he's direct and he communicates well and he has high energy and tremendous personality."
  2. Fred Thompson: "Committed conservative." He added that Thompson is "new at the game."
  3. John McCain: "His courage. I was in my bed watching this with my wife and I got out of bed and started cheering," when McCain mentioned the woodstock line during the last debates.
  4. Mitt Romney: "Intellectual curiosity. . .He's incredibly smart and asks the questions necessary to find that common ground for the next challenges we face, which politics is not very good at right now."
  5. Mike Huckabee: "I like him. He's a great speaker and clear-minded about the importance of moral principles."




Comment: Good summary. If Jeb's last name were not "Bush", he could be running himself!

The Democrats hypocrisy on "waterboarding"



Torturing Mukasey - The judge becomes a pawn in the politics of interrogation

Excerpt:

Last week, Democrats postponed a vote on his nomination. And all 10 Democrats on the Judiciary Committee have sent Judge Mukasey a letter expressing alarm that he refused to repudiate "waterboarding" during his recent confirmation hearing. "I don't know what's involved in the technique. If waterboarding is torture, torture is not constitutional," the judge had said. This seems fair enough, because both the Justice Department's legal opinions on interrogation and the specific CIA practices are classified. It would be irresponsible for Judge Mukasey to make any declarations about the law or practice until he knows the details.

That's not good enough for Democrats, who are under pressure from their antiwar left to keep pinning a phony "torture" rap on the Bush Administration. The letter from the Judiciary Democrats demands that Judge Mukasey declare himself on the legality of "waterboarding," with the clear implication that if he gives the wrong answer his nomination won't make it out of committee. These are the same Democrats who had declared, before he was nominated, that Judge Mukasey was exactly the sort of "consensus" choice they welcomed.

The irony here is that Congress has twice had the chance to ban waterboarding, or simulated drowning, but has twice declined to do so. In both the Detainee Treatment Act of 2005 and the Military Commissions Act of 2006, Congress only barred "cruel, inhuman or degrading" treatment. While some Members have said they believe waterboarding is banned by that language, when given the chance to say so specifically in a statute and be accountable for it, they refused.

As usual, Congress wants it both ways. The Members want to denounce what they call "torture," but the last thing they want is to be responsible if some future detainee knows about an imminent terrorist attack but the CIA can't get the information because Congress barred certain kinds of interrogation. So they toss their non-specific language into the lap of the executive, and say "You figure it out."



Bush: No attorney general if not Mukasey

Excerpt:

WASHINGTON - President Bush sought to save Michael Mukasey's troubled nomination for attorney general Thursday, defending the retired judge's refusal to say whether he considers waterboarding torture and warning of a leaderless Justice Department if Democrats do not confirm him.

"If the Senate Judiciary Committee were to block Judge Mukasey on these grounds, they would set a new standard for confirmation that could not be met by any responsible nominee for attorney general," Bush said in a speech at the Heritage Foundation, a conservative think tank.

"That would guarantee that America would have no attorney general during this time of war," the president said.


Comment: The hypocrisy is this: The Democrats want Michael Mukasey to declare something illegal when they would not do such! Wikipedia: Waterboarding

The Dollar, Oil, and Gold

Fed Injects $41 Billion Into US Financial System to Help Ease Credit Problems


[Most Recent Quotes from www.kitco.com]



Wall Street Plunges on Fears That Interest Rate Cuts Will End Even As Economy Is Weakening


While I have a degree in economics (an eon ago ... back when the country was on the gold standard (no really ... but seems like it!), I do not work as an economist and and my economics skills are not sharp!

But, if I understand this correctly it works like this:


  1. The Fed lowers the the federal funds rate ...
  2. Banks lower the prime rate ...
  3. Loans in $$ are cheaper ...
  4. But the Dollar declines against world currencies (the Euro, the Canadian $, etc)
  5. Foreign investors (the silent hand!) prefer to invest in non-US operations
  6. Oil prices increase against the Dollar (but probably not against the Euro!)
  7. Gold prices increase agains the Dollar (but probably not against the Euro!)
  8. Imports are more expensive (at least theoretically).
  9. US exports are less expensive (theoretically)
  10. And all should balance out in good time


If you have an economic mind feel free to comment (as I don't understand this perfectly!)

Gold Price per Ounce

Bloomberg oil index

Yahoo exhange rates

Comment: In reality how much more could the Fed possible cut! To the extent that the cannot cut more ... the more powerless the Fed becomes in stimulating the economy!

Reforming Baptist: Happy Reformation Day

Reforming Baptist: Happy Reformation Day

Comment: a worthwhile read!

Fun Facts

In the 1400's a law was set forth in England that a man was allowed to beat his wife with a stick no thicker than his thumb. Hence we have "the rule of thumb"

-------------------------------------------

Many years ago in Scotland , a new game was invented. It was ruled "Gentlemen Only...Ladies Forbidden"...and thus the word GOLF entered into the English language.

-------------------------------------------

The first couple to be shown in bed together on prime time TV were Fred and Wilma Flintstone.

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Every day more money is printed for Monopoly than the U.S. Treasury.

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Men can read smaller print than women can -women can hear better.

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Coca-Cola was originally green.

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It is impossible to lick your elbow.

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The State with the highest percentage of people who walk to work: Alaska

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The percentage of Africa that is wilderness: 28% (now get this...)

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The percentage of North America that is wilderness: 38%

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The cost of raising a medium-size dog to the age of eleven: $6,400

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The average number of people airborne over the U.S. in any given hour: 61,000

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Intelligent people have more zinc and copper in their hair.

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The first novel ever written on a typewriter: Tom Sawyer.

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The San Francisco Cable cars are the only mobile National Monuments

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Each king in a deck of playing cards represents a great king from history:

Spades - King David

Hearts - Charlemagne

Clubs -Alexander, the Great

Diamonds - Julius Caesar

----------------------------------------------------------

111,111,111 x 111,111,111 = 12,345,678,987,654,321

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If a statue in the park of a person on a horse has both front legs in the air, the person died in battle. If the horse has one front leg in the air the person died as a result of wounds received in battle. If the horse has all four legs on the ground, the person died of natural causes.

----------------------------------------------------------

Only two people signed the Declaration of Independence on July 4th, John Hancock and Charles Thomson. Most of the rest signed on August 2, but the last signature wasn't added until 5 years later.

----------------------------------------------------------

Q. Half of all Americans live within 50 miles of what?

A. Their birthplace

----------------------------------------------------------

Q. Most boat owners name their boats. What is the most popular boat name requested?

A. Obsession

----------------------------------------------------------

Q. If you were to spell out numbers, how far would you have to go until you would find the letter "A"?

A. One thousand

----------------------------------------------------------

Q. What do bulletproof vests, fire escapes, windshield wipers, and laser printers all have in common?

A. All were invented by women.

----------------------------------------------------------

Q. What is the only food that doesn't spoil?

A. Honey

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Q. Which day are there more collect calls than any other day of the year?

A. Father's Day

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In Shakespeare's time, mattresses were secured on bed frames by ropes. When you pulled on the ropes the mattress tightened, making the bed firmer to sleep on. Hence the phrase....... "goodnight, sleep tight."

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It was the accepted practice in Babylon 4,000 years ago that for a month after the wedding, the bride's father would supply his son-in-law with all the mead he could drink. Mead is a honey beer and because their calendar was lunar based, this period was called the honey month, which we know today as the honeymoon.

----------------------------------------------------------

In English pubs, ale is ordered by pints and quarts.. So in old England, when customers got unruly, the bartender would yell at them "Mind your pints and quarts, and settle down."

It's where we get the phrase "mind your P's and Q's"

----------------------------------------------------------

Many years ago in England , pub frequenters had a whistle baked into the rim, or handle, of their ceramic cups. When they needed a refill, they used the whistle to get some service. "Wet your whistle" is the phrase inspired by this practice.

----------------------------------------------------------

~~~~~~~~~~~AND FINALLY~~~~~~~~~~~~

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At least 75% of people who read this will try to lick their elbow!

Comment: Deemed "blogworthy" by my daughter!

10.31.2007

Bizarre Travel Insurance Claims

The 25 Most Bizarre Travel Insurance Claims Ever

Here's some of the highlights:


  1. One thing you don’t expect when you go on holiday is to be harassed by a monkey. One British traveller in Gibraltar, however, was so besieged by the attentions of an over-friendly primate that he asked his insurer to refund the cost of his trip. The insurer refused but did pay out for his camera, which the monkey had run off with one evening.
  2. Monkeys also blighted the romantic getaway of a couple in Malaysia, who foolishly left the window to their chalet open during the day. They returned to find their underwear, clothing and belongings strewn across the resort and neighbouring rainforest. Luckily for the clothes-less couple, their insurer paid the claim.
  3. It is a good idea to keep your wallet secure at all times when you are away, as one careless Briton discovered to his cost in Israel. The holidaymaker accidentally dropped his wallet down a drain in Natanya. However, his claim wasn’t for his lost credit cards or cash. It was for hospital treatment after being stung by a poisonous scorpion while reaching down into the drain to get his possessions back. Thankfully, his travel insurance covered the cost of treatment.
  4. A chilled-out traveller in Sri Lanka needed £400 worth of hospital treatment after a large, ripe coconut fell from a tree and landed squarely on her head while she was peacefully reading below. She was knocked out cold, which is hardly surprising. Fresh coconuts weigh roughly 2 kilograms, and the trees grow up to 30 metres tall. The coconut would have been falling at 53 miles per hour when it hit the poor woman on the skull. Her insurer covered her medical expenses.




Comment: Sent to me by my daughter.

Congressional waste of time!

Reid’s inconvenient theory will get House airing

Excerpt:

On Tuesday the House Select Committee on Energy Independence and Global Warming announced a hearing:

“A Spark Neglected: Wildfires and Global Warming,” it labeled the proceedings scheduled for Thursday.

“Select committee to examine link between changing climate, frequency and intensity of wildfires,” the description continued.

A committee spokesman said the hearing “was prompted by the wildfires out West and the view of some scientists that the increasing size, frequency and intensity of these fires is affected adversely by global warming.” A panel of scientists will testify.

Comment: while not ever fire was as a result of arson ... at least some were. Read below:

Officials: Boy With Matches Started Fire

Excerpt:

Officials blamed a wildfire that consumed more than 38,000 acres and destroyed 21 homes last week on a boy playing with matches, and said they would ask a prosecutor to consider the case.

The boy, whose name and age were not released, admitted to sparking the fire on Oct. 21, Los Angeles County sheriff's Sgt. Diane Hecht said Tuesday. Ferocious winds helped it quickly spread.

"He admitted to playing with matches and accidentally starting the fire," Hecht said in a statement.


Comments: See earlier CFG posting: Blame it on Global Warming. The Democrats are really stretching here to do anything to support their agenda (and their agenda is simply - grab power!).

Tinyurl.com

Tinyurl.com

Are you sick of posting URLs in emails only to have it break when sent causing the recipient to have to cut and paste it back together? Then you've come to the right place. By entering in a URL in the text field below, we will create a tiny URL that will not break in email postings and never expires

Comment: a neat service. Example below is link to Google map of 4th Baptist!

Map to 4th Baptist

The following URL:

http://maps.google.com/maps?f=q&hl=en&geocode=&t
ime=&date=&ttype=&q=Fourth+Baptist+Christian+Sch
ool,+900+Forestview+Ln+N,+Plymouth,+MN&sll=37.0625,-95.6
77068&sspn=49.310476,81.738281&ie=UTF8&z=16&
iwloc=addr&om=1


has a length of 211 characters and resulted in the following TinyURL which has a length of 25 characters:

http://tinyurl.com/2bsbf6

Iowa's complex pumpkin policy


Eaters are savers, while carvers are payers, Iowa says

Excerpt:

The Iowa Department of Revenue, often accused of trying to squeeze blood out of turnips, is now searching for pennies in pumpkins.

A new department policy this year has made Halloween jack-o'-lanterns subject to the state sales tax, and many Iowa pumpkin growers are feeling tricked.

Is there room in the patch for both the Great Pumpkin and the tax man on this Halloween night?

"I don't mind paying taxes, but let's get real here, people," said Bob Kautz, owner of the Buffalo Pumpkin Patch in Buffalo, Ia., about eight miles west of Davenport.

Kautz was one of the few Iowa pumpkin sellers willing to talk publicly Tuesday about the new policy, which was published in the revenue department's September newsletter.

Renee Mulvey, the department's spokeswoman, said officials decided that pumpkins are used primarily for Halloween decorations, not food, and should be taxed. Previously, they had been considered an edible squash and exempted from the tax.

As a result, the department ruled that pumpkins are taxable if they are advertised for use as jack-o'-lanterns or decorations, or if it's understood that they will be used for that purpose.

Iowans planning to eat pumpkins can still get an exemption from the sales tax, if they fill out the "Iowa Sales Tax Exemption Certificate" form. Pumpkins also are exempt if they are of the specific variety used to make pies and are advertised that way. Pumpkins purchased with food stamps also are exempt.

"We made the change because we wanted the sales tax law to match what we thought the predominant use was," Mulvey said. "We thought the predominant use was for decorations or jack-o'-lanterns."

Danny Carroll, who owns Carroll's Pumpkin Farm in Grinnell with his wife, Joy, said he didn't see the newsletter because "we were working day and night to get open," so he was unaware of the policy change.

Carroll said he will have to pay the sales tax out of profits. "Essentially, they just reduced our income by 6 percent," he said. "It's too bad, but it's not surprising."

Comments: If I understand this correctly this means: If you buy it to eat it (not many people do!) it is a food (an edible squash). If you buy it to carve it (or for decoration), it is subject to sales tax. Is the issue the way it is advertised or the intent of the purchaser? One can always fill out the "Iowa Sales Tax Exemption Certificate" form! Carvers who buy with food stamps also are exempt from the tax. (I would think that someone on food stamps would have higher priority items to buy!). This reminds me of the final utility bill my daughter received when she moved from Mankato. The statement balance was $ -.01. I encouraged her to call the utility company and demand a check!

Halloween & Reformation Day

Russia schools ban "cult of death" Halloween

Comment: Note who recommended this change!

Moscow schools have been ordered to ban students from celebrating the cult of the dead, better known as Halloween, despite the widespread popularity of the imported festival to Russia.

Halloween is being forced underground because it "includes religious elements, the cult of death, the mockery of death," a spokesman for the city's education department Alexander Gavrilov said on Wednesday.

"It's not an attempt to block the celebration of this holiday completely, just in schools and colleges," he added.

Pumpkins and images of witches are widespread across Russia, with many bars organizing special fancy dress parties, despite the efforts of the Kremlin and especially the Russian Orthodox Church to curb enthusiasm for non-native festivities.

"This is destructive for the minds and the spiritual and moral health of pupils," said Gavrilov, saying the ban had been recommended by psychiatrists.

Christianity and the Dark Side -- What About Halloween?

Conclusion:

Nevertheless, the issue is a bit more complicated than that. While affirming that make-believe and imagination are part and parcel of God's gift of imagination, Christians should still be very concerned about the focus of that imagination and creativity. Arguing against Halloween is not equivalent to arguing against Christmas. The old church festival of "All Hallow's Eve" is by no means as universally understood among Christians as the celebration of the incarnation at Christmas.

Christian parents should make careful decisions based on a biblically-informed Christian conscience. Some Halloween practices are clearly out of bounds, others may be strategically transformed, but this takes hard work and may meet with mixed success.

The coming of Halloween is a good time for Christians to remember that evil spirits are real and that the Devil will seize every opportunity to trumpet his own celebrity. Perhaps the best response to the Devil at Halloween is that offered by Martin Luther, the great Reformer: "The best way to drive out the devil, if he will not yield to texts of Scripture, is to jeer and flout him for he cannot bear scorn."

On October 31, 1517, Martin Luther began the Reformation with a declaration that the church must be recalled to the authority of God's Word and the purity of biblical doctrine. With this in mind, the best Christian response to Halloween, might be to scorn the Devil and then pray for the Reformation of Christ's church on earth. Let's put the dark side on the defensive.


Reformation Day

Reformation Day is a religious holiday celebrated on October 31 in remembrance of the Reformation, particularly by Lutheran and some Reformed church communities. It is a civic holiday in Slovenia (since the Reformation contributed to its cultural development profoundly, although Slovenians are mainly Roman Catholics) and in the German states of Brandenburg, Mecklenburg-Vorpommern, Saxony, Saxony-Anhalt, and Thuringia.

On this day in 1517, Martin Luther posted a proposal at the doors of a church in Wittenberg, Germany to debate the doctrine and practice of indulgences. This proposal is popularly known as the 95 Theses, which he nailed to the Castle Church doors. This was not an act of defiance or provocation as is sometimes thought. Since the Castle Church faced Wittenberg's main thoroughfare, the church door functioned as a public bulletin board and was therefore the logical place for posting important notices. Also, the theses were written in Latin, the language of the church, and not in the vernacular. Nonetheless, the event created a controversy between Luther and those allied with the Pope over a variety of doctrines and practices. When Luther and his supporters were excommunicated in 1520, the Lutheran tradition was born.

Within the Lutheran church, Reformation Day is considered a minor festival, and is officially referred to as The Festival of the Reformation. Until the 20th Century, most Lutheran churches celebrated Reformation Day on October 31st, regardless of which day of the week it occurred. Today, most Lutheran churches transfer the festival, so that it falls on the Sunday (called Reformation Sunday) on or before October 31st and transfer All Saints' Day to the Sunday on or after November 1st.

The liturgical color of the day is red, which represents the Holy Spirit and the Martyrs of the Christian Church. Luther's hymn, A Mighty Fortress is our God is traditionally sung on this day. Lutherans customarily stand during the hymn, in memory of its use in the religious wars of the Sixteenth Century.

It is also traditional in some Lutheran schools for schoolchildren to hold Reformation Day plays or pageants that re-enact scenes from the life of Martin Luther.


Comment: I think the Lutherans have the right idea!

10.30.2007

2 pics from cousin




My cousin, Steve, sent me these pictures today. Nice shot of the hummingbirds!

AutoMailer - 1st try

AutoMailer

I tried AutoMailer today for the first time for production.

I had to email about 200 workstation users.

Here are the steps:


  1. Sendto file: Prepare a .txt file (or .csv) with a list of email addresses. (I imported the list into Microsoft Access and then did a "SQL DISTINCT" command to eliminate duplicates). I added myself at the head as a confirmation step that the emails were sent
  2. Message file: Prepare a message file. This can either be .txt or .html. I chose the html option and included a cascading style sheet in the <HEAD>. I also had an embedded image using a fully qualified link (instead of a relative link) in a <img> tag.
  3. Automailer works separately from Outlook! I appreciate this!
  4. When Automailer is invoked, the user is prompted for the mail server and the "from" address. I have a second impersonal email address so that it does not appear to be sent from Jim Peet.
  5. And then the SEND. The send was processed in 22 seconds.
  6. A log file is created. Successes and failures are noted. My job was 100% successful (keep in mind these are email addresses internal to my company so no issues with invalid email addresses this time). The log file is a .txt file that can be saved (for project tracking purposes).

Internet Tax Moratorium - 7 more years!

Internet Tax Moratorium Goes to Bush

Excerpt:

A bill to extend a moratorium on Internet access taxes for seven years was approved 402-0 by the House Tuesday, less than two days before it was set to expire.
The House initially approved a four-year ban, but last week the Senate passed a seven-year prohibition, despite considerable support for a permanent ban.

"Seven years is better than nothing, and that's what we're doing today," said Rep. Fred Upton, R-Mich, during remarks on the House floor.

A House bill that would make the moratorium permanent has 238 House co-sponsors, more than a majority.

The tax ban, first approved in 1998 and twice renewed, is set to expire Nov. 1.

Support for a permanent ban was strong in both the House and Senate, but concerns over the potential long-term impact on state and local governments forced a compromise.

Comment: Good for Amazon ... good for consumers!

MyFico webinar




myFICO Webinars - Protecting your credit through the holidays

I was invited ... thought I would invite a friend!

More on FICO scoring:

MyFico homepage

Wiki: Credit score

Factors Affecting Your FICO Score

10.29.2007

SCHOOL-1957 vs. 2007

Scenario: Jack goes quail hunting before school,pulls into school parking lot with shotgun in gun rack.
1957 - Vice Principal comes over, looks at Jack's shotgun, goes to his car and gets his shotgun to show Jack.
2007 - School goes into lock down,FBI called, Jack hauled off to jail and never sees his truck or gun again.Counselors called in for traumatized students and teachers.



Scenario: Johnny and Mark get into a fist fight after school.
1957 - Crowd gathers. Mark wins. Johnny and Mark shake hands and end up buddies.
2007 - Police called, SWAT team arrives, arrests Johnny and Mark. Charge them with assault, both expelled even though Johnny started it.



Scenario:Jeffrey won't be still in class, disrupts other students.
1957 - Jeffrey sent to office and given a good paddling by the Principal. Returns to class, sits still and does not disrupt class again.
2007 - Jeffrey given huge doses of Ritalin. Becomes a zombie. Tested for ADD. School gets extra money from state because Jeffrey has a disability.



Scenario: Billy breaks a window in his neighbor's car and his Dad gives him a whipping with his belt.
1957 - Billy is more careful next time, grows up normal,goes to college, and becomes a successful businessman.
2007 - Billy's dad is arrested for child abuse. Billy removed to foster care and joins a gang. State psychologist tells Billy's sister that she remembers being abused herself and their dad goes to prison. Billy's mom has affair with psychologist.



Scenario: Mark gets a headache and takes some aspirin to school.
1957 - Mark takes his aspirin, gets over his headache, and is able to concentrate on his classes.
2007 - Police called, Mark expelled from school for drug violations. Car searched for drugs and weapons.



Scenario: Pedro fails high school English.
1957 - Pedro goes to summer school, passes English, goes to college.
2007 - Pedro's cause is taken up by state. Newspaper articles appear nationally explaining that teaching English as a requirement for graduation is racist. ACLU files class action lawsuit against state school system and Pedro's English teacher. English banned from core curriculum. Pedro given diploma anyway but ends up mowing lawns for a living because he cannot speak English.



Scenario: Johnny takes apart leftover firecrackers from 4th of July, puts them in a model airplane paint bottle, blows up a red ant bed.
1957 - Ants die.
2007 - BATF, Homeland Security,FBI called. Johnny charged with domestic terrorism, FBI investigates parents,siblings removed from home, computers confiscated, Johnny's Dad goes on a terror watch list and is never allowed to fly again.



Scenario: Johnny falls while running during recess and scrapes his knee. He is found crying by his teacher, Mary. Mary hugs him to comfort him.
1957 - In a short time, Johnny feels better and goes on playing.
2007 - Mary is accused of being a sexual predator and loses her job. She faces 3 years in State Prison. Johnny undergoes 5 years of therapy.

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Provided by:
Pastor Terry Hagedorn
Calvary Baptist Church
Reedsville, WV
MountainManna