Saturday, January 30, 2010
Whoa is the Democrat who cannot accept health reform is lost
Tuesday, January 26, 2010
Morning Sunrise photo by Craig B. Kincaid
Sunday, January 24, 2010
Ever want to learn how to tie a truckers hitch knot?
Saturday, January 23, 2010
Friday, January 22, 2010
Chef's Holidays 2010 at the Ahwanhee Hotel
Each year in Yosemite at the Ahwanhee they put on a top chef's demonstration of fine cooking, tour of the kitchen and culminating with a banquet in the Great Dining Hall. We stayed at the Lodge at Yosemite where we had snow and rain showers most of the time but great visuals except Half Dome was conspicuously absent. My friend Rob Davidson said that they had taken down for repairs. click here for a look at the Chef's Holidays.
Thursday, January 21, 2010
The Most Famous Person
An Irish boy put his hand up and said, "It was St. Patrick."
The teacher said, "Sorry Sean, that's not correct."
Then a Scottish boy put his hand up and said, "It was St. Andrew."
The teacher replied, "I'm sorry, Hamish, that's not right either."
Finally, a Jewish boy raised his hand and said, "It was Jesus Christ."
The teacher said, "That's absolutely right, Marvin, come up here and I'll give you the $2."
As the teacher was giving Marvin his money, she said, "You know, Marvin, since you're Jewish, I was very surprised that you said Jesus Christ."
Marvin replied, "Yeah. In my heart I knew it was Moses, but business is business!"
Kurzweil part two
Wednesday, January 20, 2010
Ray Kurzweil
Monday, January 18, 2010
What's the true story on Chinese individual income?
here is an excerpt from the Seeking Alpha blog challenging Jim Chanos assertion that China is in a bubble about to burst . . .
"If anything, incomes are grossly under reported in China. A simple look at how accounting works will show why. Whereas in the U.S. individuals must report their income to the Internal Revenue Service every year, in China all individual tax is reported and paid for by companies, except for that of high earners. Many Chinese companies limit the tax they pay by reporting low salaries and then paying their employees higher amounts while accounting for the difference as business expenses like phone bills. The employees are happy because they make every bit as much as they were promised, and the companies are pleased to lower their tax exposure.
Also, many companies pay for housing and cars for their employees, a holdover from the old system of state-run businesses. Most Western economists don't count those expenses as income, but they should. Deceptive accounting of income is so widespread that the government has announced plans to tax some business expenses in state-run enterprises--the kinds of expenses that let executives pay taxes on earnings of $300 a month while living in multimillion-dollar homes and driving Mercedes." to read the whole thing click here
Sunday, January 17, 2010
Saturday, January 16, 2010
The Challengers
Along with the Beachboys, The Challengers were a top So Cal surf band. I recently found my only LP of the band and here's the cover. Check back tomorrow after I post the backside with liner notes by Rick Griffin and Murphy image (thanks to a reader who corrected me on Murphy, he wasn't Murph the Surf)
Friday, January 15, 2010
Major Foreign Holders of Treasury Securities
Monday, January 11, 2010
great body boarding video on Posterous via Vimeo
Sunday, January 10, 2010
Video - 48 Hour Jam in Bakersfield
Friday, January 08, 2010
Successful Big Family Party 14 or more
A little of what everyone has at home : cut meats in the frig, a keg of beer, a lot of good wine and malted whiskies, mementos of those in attendance or relatives, an environment where everyone feels at ease, good food, close and good accommodations, something to familiarize everyone with the local area : parks, downtown, beaches, hiking trails and walks, parks, golf, surfing, etc.
Wednesday, January 06, 2010
Mark Twain on the newspaper
Mark Twain
Sunday, January 03, 2010
Still lot's of debt - too much to get the economy moving
"With all of the talk of the difficult borrowing environment and de-leveraging, very little debt is actually gone, despite massive write-offs by banks," Andy Matthes, portfolio manager at Matthes Capital, wrote in a recent letter to investors, a copy of which was obtained by MarketWatch. Most of this debt mountain is still tied to the fragile, government-supported housing market. At the peak of the real estate boom in 2006, U.S. households owed $9.8 trillion in mortgage debt. By the end of September, that had climbed to $10.3 billion.
Such high debt levels leave households with less cash available to spend on other things. With consumers typically accounting for two-thirds of U.S. gross domestic product, this situation should dent economic growth. However, personal consumption currently makes up more than 70% of GDP, well above the average of 66% since 1929, according to Matthes.
Consumption has likely remained high because of government transfer payments, which help people who have fallen on hard times through the social welfare system.