7.18.2012

On the value of "First Jobs"

Why Are Politicians Killing Off "First Jobs"?

Excerpts:

What was your first job?

I stuck pieces of plastic and metal together at an Evanston, Ill., assembly line. We produced photocopiers for a company called American Photocopy.

I hated the work. It was hot and boring. But it was useful. It taught me to get good grades in school so I might have other choices.

...

I write about this because I’m appalled watching politicians kill off “first” jobs. (They say it’s to protect us.)

First, they raise the minimum wage. Forcing employers to pay $7.25 an hour leaves them reluctant to give unskilled kids a chance—why pay more than a worker can produce? So they offer fewer “first” jobs.
Comment: My first job was working at a greenhouse making $ 1. per hour. I started in the Spring of 1967. That summer I worked 54 hours a week ... 6 days X 9 hours and made $ 54 hours a week.

What did I do?
  • I boxed plants into flats and carried them and loaded them into a delivery truck
  • I mulched plants with manure
  • I blended potting soil: dirt, manure, and some other stuff in a large grinder / blower
  • I wheeled old dirt out and new dirt into greenhouses
  • I occassionally drove the delivery truck
  • I cleaned out the boiler (had to crawl inside and scrape it)
  • I cut weeds and tall grass with a scythe
  • I hacked vines off from fence with a small axe
  • I burned a giant brush pile
  • I mowed the owner's home lawn
  • I weeded the owner's private garden
  • I picked weeds
  • I cut flowers
  • I walked along side of a bush hog and picked up rocks / sticks ahead of it
  • I repaired greenhouse glass
  • I bulked up, muscled up and tanned up. I sweated a lot!
  • There were no sick days, PTO, or vacation days!
The seminal events:
  • A childhood friend's father committed suicide in the early morning hours of July 5th
  • A guy I met at the greenhouse died in an auto accident - not that summer but later that year (I think Spring 1968)
  • Two guys I knew well in H.S. died just after graduation. One: VW bug accident / other: tractor rolled over on him
Some have asked me about the $ 1 wage and minimum wage. This chart details that the minimum wage was $ 1.40 back then. Scroll right and the chart shows that the minimum wage for farm labor was $ 1.00. I was considered farm labor. In February 1968 I received a 15% raise to $ 1.15! The following Summer (1968) I started working at Monsanto Chemical and made as I recollect about $ 3.00 per hour.

Aren't there keys for planes?

Slaying suspect steals plane in Utah, crashes, then kills himself

Excerpt:
A man wanted in connection with a slaying in Colorado stole an airplane from a Utah airport Tuesday, then crashed it and killed himself with a shot to the head, officials said.

The man was identified as Brian Hedglin, 40, an employee of SkyWest, said Marc Mortensen, assistant to the city manager of St. George, Utah; the city of about 80,000 people is in the southwestern corner of the state.

Hedglin threw a rug over a razor wire fence at the St. George Municipal Airport early Tuesday, Mortensen said in a telephone interview with the Los Angeles Times. Wearing leather gloves, Hedglin climbed over the fence and got access to a SkyWest jet about 12:50 a.m.
Comment: So aren't there keys / locks for planes? If not, shouldn't there be! The plane is a Bombardier CRJ200 - looks like a shortened DC-9

7.17.2012

Investing in the Grocery Stores

Click the image below for better viewing
Frankly there are only 2 I would invest in: WMT and TGT. Wal-Mart is the proverbial 800 lb gorilla that has mastered the distribution system. It's not an exciting store to visit but they beat everybody with prices. I was stung earlier by Super Value and bailed out taking a loss. Wal-Mart and Target are not pure grocery and are able to have loss-leaders in grocery and make up for it in higher margin departments.

Investing in Railroads

When you are ready to move up from HO (what I had as a kid), what are your choices? I've fantasized about owning a whole railroad. My brother would the the VP. I would drive the train, etc.. But since that is not likely to happen buying railroad stocks are the next best thing. The railroad you can't own is Burlington Northern and Santa Fe Railway - Warren Buffet already bought it. You can buy Berkshire Hathaway and have a whole bucket of great companies: See's Candies, DQ, Geico and many more. BRK-A is trading at about $ 127,000 per share (um .. out of my pricerange!). BRK-B is approximately 1/1500 of BRK-A and is trading at about $ 85.

The chart above details your investing choices.

Genesee & Wyoming Inc. is a short-line railroad holding company that owns or maintains interests in 63 railroads.

RailAmerica likewise is a holding company of a number of short-line railroads and regional railroads in the United States and Canada.

Providence and Worcester Railroad is as far as I can tell the only Class II publicly traded railroad.

 The Street here provides their list of the 10 Best Railroad Stocks for 2012. Seeking Alpha has their list of favorites here: Become A Railroad Baron: The Art Of Building Your Own Rail ETF

There is no true Railroad ETF but there is IVT. It offers a way to invest in transportation and have diversification.

7.16.2012

Faking Disability

DISABILITY NATION

 Excerpt:

In the Age of Obama, Americans may be better off faking disability than trying to find a non-existent job. Obamanomics reached the bottom of the barrel last month, when more Americans went on disability than found jobs.

Given the immense amounts of money that are spent on medical and vocational rehabilitation, it is hard to believe that the number of Americans who are physically incapable of working has grown. The causes of the increase must be sought elsewhere. Note that the percentage of working-age Americans living on disability has more than doubled since the Reagan administration.
Comment: When I broke my neck 25 years ago, I was advised that I could qualify for disability payments. I chose not to. Some days (like today when I had to walk down 2 flights of stairs because the elevator in the skyway was out of service) I would like to be fully retired or fully on disability. On Saturday when I gave blood I asked the young phlebotomist about her father. She said that he was fifty and on disability for gout. I'm thinking for gout! Chart in the article linked is worthwhile.

Why your air conditioner may look like your neighbors'




I think we either have a Trane or a York. Our's is 10 or 11 years old.

7.13.2012

Investing in the Pharmaceuticals

List of pharmaceutical companies

 Comments:
  • Because I am a small investor I haven't invested in but a few
  • But I like JNJ and PFE.
  • Click image for larger
  • Prices, P/E, Dividends as of today's date (7/13/2012)
  • ABT is splitting into two companies later this year
  • Optimer interests me because they developed the drug that healed me last year. But not making a profit yet
  • I understand that Teva Pharmaceutical manufactures a lot of the generics

7.11.2012

How Sara Lee split shaked out

I mentioned the Sara Lee divestiture several weeks ago here. I had 100 shares of SLE in my IRA. This is how it turned out


D.E Master Blenders 1753 N.V (DEMBF)
Hillshire Brands Company (HSH)
On the suggestion of two of my brother-in-laws I used the $ 300 to buy 20 shares of ALPS Alerian MLP ETF (AMLP)

Investing in Bonds the ETF way

Depending on an intester's trading outlook (eg age to retirement), investment advisors suggest various ratios of bonds to stocks. But bonds are harder to buy than stocks and bond mutual funds can have high expense ratios. In my view the easier way to buy bonds is with an Exchange Traded Fund. Several below are highlighted:
The above Yahoo Finance chart illustrates the relative stability of AGG and BND against IBM, the DOW and the S&P 500 over the last year. Bond investing is not "exciting" investing but it is very conservative. Yahoo Finance provides the Morningstar profile for each. Helpful for investers:

MacroWorld is another helpful site that provides charting and reporting. The example below is the Sector Allocation for BND:

7.10.2012

8 Things Not to Keep in Your Wallet

8 Things Not to Keep in Your Wallet

 The List:

  1. Your Social Security Card
  2. Password Cheat Sheet
  3. Spare Keys
  4. Checks
  5. Passport
  6. Multiple Credit Cards
  7. Birth Certificate
  8. A Stack of Receipts
Comments:
  • We have 2 credit cards. Kathee carries one (A Wells Fargo Visa) and I carry the other (Chase Visa)
  • I used to carry a spare key but have not for a long time
  • I used to carry my SS card (not sure why!) but it has long disintegrated and is no more.
  • Passport? I'm not exactly a world traveler but recently needed it to visit Canada
Image: George Costanza's fat wallet

Coke to split

Coca-Cola Approves Two-For-One Stock Split

Excerpt:
Coca-Cola approved a two-for-one stock split, doubling the number of its shares outstanding to 11.2 billion from 5.6 billion. The stock split is expected to be effective July 27, with new shares set to be distributed near Aug. 10. At that time, each shareholder of record will double their holding, receiving one additional stock for each share held. The split marks Atlanta-based Coke’s 11th in its 92-year history and the first in 16 years. The company, which makes Diet Coke, Fanta and Sprite, among other drinks, began trading on the New York Stock Exchange in 1919. Its stock has since been split 11 times, the first in 1927 and, prior to Tuesday’s split, most recently in 1996.
Comment: Not my favorite drink but one of my favarite stocks. Vintage (1949) ad.

7.07.2012

Shades of the 'Pericope de Adultera'

Afghan Taliban publicly execute woman accused of adultery; men cheer Excerpt:
A man Afghan officials say is a member of the Taliban shot dead a woman accused of adultery in front of a crowd near Kabul, a video obtained by Reuters showed, a sign that the austere Islamist group dictates law even near the Afghan capital.

In the three-minute video, a turban-clad man approaches a woman kneeling in the dirt and shoots her five times at close range with an automatic rifle, to cheers of jubilation from the 150 or so men watching in a village in Parwan province. "Allah warns us not to get close to adultery because it's the wrong way," another man says as the shooter gets closer to the woman. "It is the order of Allah that she be executed".
Comment: the 'Pericope de Adultera is the famous passage from John 8. And there is an interesting similarity - Where was the man?

Barry disses Bush for job creation of only 310,000 jobs

If every unemployed person would vote for Romney we could solve this thing!

7.06.2012

CEO for a day

Intrigue Behind Ouster at Duke Energy

 Excerpt:
The merger closed Monday, creating a utility giant with former Progress CEO Bill Johnson at its helm. Hours later, the newly merged company's Duke-dominated board met for the first time and threw Mr. Johnson out of the job. It replaced him with Jim Rogers, who had run Duke before the deal and was slated to become the merged company's executive chairman. The boardroom coup was the latest bit of maneuvering by Mr. Rogers, a lawyer who worked his way to the top of one of the country's largest utilities.
NC attorney general launches probe of Duke-Progress Energy merger after CEO change Excerpt:
Johnson last week signed a three-year employment contract that was supposed to take effect Tuesday. Duke Energy reported in a Securities and Exchange Commission filing this week that Johnson is entitled to a severance, bonus and other payments of up to $10.3 million. On Friday, Williams confirmed news reports that Johnson's combined package, including pensions and stock awards, could be worth nearly $45 million.
Comment: I would take that job (CEO for a day!). Nice severance package! Image is B/W still from The Hudsucker Proxy

7.05.2012

Fireworks Oops



San Diego fireworks go kaboom then fizzle -- prematurely

Excerpt:

When most of the country was going ooh and aah over Fourth of July fireworks displays, San Diego spectators were treated to a spectacle that lit up the night sky -- for all of 15 seconds.
Comment: The problem: Computer Glitch

Check your computer for DNSChanger malware

Malware may block thousands Monday (so check your PC)

Excerpt:
... tens of thousands of Americans may still lose their Internet service Monday unless they do a quick check of their computers for the DNSChanger malware that could have taken over their machines more than a year ago.

Despite repeated alerts, the number of computers that probably are infected is more than 277,000 worldwide, down from about 360,000 in April. Of those still infected, the FBI believes that about 64,000 are in the United States. Users whose computers are still infected Monday will lose their ability to go online, and they will have to call their service providers for help deleting the malware and reconnecting to the Internet.

The problem began when international hackers ran an online advertising scam to take control of more than 570,000 infected computers around the world. When the FBI went in to take down the hackers late last year, agents realized that if they turned off the malicious servers being used to control the computers, all the victims would lose their Internet service.
Comment: Official DCWG.org site to check for Malware (image above)

7.03.2012

FINAL WARNING: YOU WILL BE ARRESTED AND JAILED IF YOU FAIL TO READ THE ATTACHED E-MAIL AND COMPLY

Comments:
  • Obviously SPAM .... but I found it humorous
  • FBI is using aol.com (return address ... probably spoofed!)
  • Because of being arrested ... well I'm always on the lookout for warnings like this!
  • Did I open the attachment? Not on your life!
  • Click image for larger view
  • GMAIL (which always does a good job with things like these!) flagged as SPAM

A big announcement

Anderson Cooper: "The Fact Is, I'm Gay."

 Excerpt:

The fact is, I'm gay, always have been, always will be, and I couldn’t be any more happy, comfortable with myself, and proud. I have always been very open and honest about this part of my life with my friends, my family, and my colleagues. In a perfect world, I don't think it's anyone else's business, but I do think there is value in standing up and being counted.
My own statement:
The fact is, I'm heterosexual, always have been, always will be, and I couldn’t be any more happy, comfortable with myself, and proud. I have always been very open and honest about this part of my life with my friends, my family, and my colleagues. In a perfect world, I don't think it's anyone else's business, but I do think there is value in standing up and being counted.
Not that anyone ever wondered about me!

Berkshire Hathaway's 15 Biggest Stock Holdings

Berkshire Hathaway's 15 Biggest Stock Holdings

Comment: The top 10 wouldn't be a bad place to start. If you had 10 shares of each, it would be a $ 7,000 investment with a divident yield of 2.6%.

Heat buckles Wisconsin Highway 29


Comment: We just drove across here on Saturday - driving to a family reunion in Antigo WI ... and back on Sunday.