Wednesday, December 19, 2007

Talk about getting it wrong . . .

"Just days into his second turn as CEO of Sallie Mae, Albert L. Lord couldn't find the right words to soothe Wall Street. Lord, who assumed the chief executive's seat on Friday and said he plans to stay in the position for at least two years, called his recent sale of about 1.2 million shares of company stock to meet margin calls "embarrassing and troublesome to me personally" but not a reflection of diminished confidence in the company's long-term future." AP report

Tuesday, December 18, 2007

Chuck Stearns

Chuck is the only skier in history to maintain a position at the top of both tournament skiing and ski racing at the same time. Perhaps his most remarkable achievement in ski racing was winning the Grand National Catalina Ski Race 10 times. The last time was his competition swan song in 1979 when at age 40 he finished the 52-mile open-ocean course in the record time of one hour and two seconds.

Remembering Dan Fogelberg

One of my favorite songwriters has passed away . . . . it was "Part of the Plan" and his "Run for the Roses" is over. A moment to remember the songwriter whose father was "The Leader of the Band".

Dan Fogelberg

Thursday, December 13, 2007

taxing services in California????

One way to raise revenue would be to apply sales tax to services, such as those provided by attorneys, accountants, consultants, architects and auto repair shops, Levy said.

"This has been widely discussed around the country for 10 to 20 years. We are a service economy, and we have this sales tax (on goods) that's doomed to grow slower than the economy," he said.

According to his research, California's services industry is worth about $700 billion a year, the biggest chunk representing health care.

That alone could raise about $10 billion in additional revenue to the state and local governments, Levy said.

Shocking Housing Revelation

"We now find out in hindsight it played an important role and a very dangerous role," he said. "For the first time that I can remember, you saw investors coming into the housing markets and trying to play it into almost like a day stock."

Jerry Howard, chief executive of the National Association of Home Builders, told CNNMoney.com today

Saturday, December 08, 2007


Ever check out the true production figures for oil producers, exporters, consumers and importers?

Friday, December 07, 2007

Big Wave Photo from the Central Coast


I took this photo of the big surf on Tues Dec 4 looking towards Point Sal. The "cloud break" is almost 1/2 mile off shore.

Tuesday, December 04, 2007

SC UCLA photo


an abstract photo for sure but cool.

Monday, December 03, 2007

$50 to park at the Shrine

Call me crazy but I wasn't the only one. Parking at the Shrine Auditorium parking structure was $50 on Saturday for the SC-UCLA football game. 6 stories and at least 100 cars per story and the place was full!

Sunday, November 25, 2007

Sell in May


Anyone who disputes the "sell in May" concept need only check out this graph. Thanks to Chart of the Day.

Merry Christmas to convicted felons time

Ah yes, it's Presidential pardon time. Let me put things in perspective . . . . . as of Oct 1, 2007 there were 3000 petitions for clemency filed with the Office of the Pardon Attorney (per the Justice Dept). That compares to an average of 500 to 1000 in the 5 decades since WWII. President Clinton's final years in office saw things begin to soar. President Bush closed only 18 cases in fiscal 2007 . . . . Scooter being the big winner in the small group. Bush has granted 113 pardons and commuted 4 sentences since taking office . . . . that is the lowest number since WWII except for the elder President Bush who granted 74 pardons and 3 commutations in his one term.

Friday, November 23, 2007

No Country for Old Men

The Coen brothers just can't seem to make a mistake and with their latest movie, which I saw after yesterdays Thanksgiving celebration, they're creating another masterpiece. This film will have you and whoever you see it with talking for at least an hour after it's over piecing together what happened and why. My favorite line in the film is . . . . "well, if this isn't a mess, it'll do until the mess gets here".

Wednesday, November 07, 2007

Humans and Chimpanzees

Chimpanzees share 98.2% our genome.

Monday, November 05, 2007

You think Exxon Mobil is big . . .

PetroChina Co. shares more than doubled in their Shanghai debut Monday (11/5/07), giving the oil giant a $1 trillion market capitalization and easily surpassing Exxon Mobil as the world's largest company

Sunday, October 28, 2007

Bush approval - disapproval

I love the Colbert Report and found this quote about President Bush's ratings to be funny . . . "So don‘t pay attention to the approval ratings that say that 68 percent of Americans disapprove of the job this man is doing. I ask you this, does that not also logically mean that 68 percent approve of the job he‘s not doing?"

Wednesday, October 10, 2007

the Opinion is News campaign

I found this in a response to an op-ed on Huffington Post Look for the Economic Lies From the GOP Debate column by Hale "Bondad" Stewart.

"Here's the trick, Rush-bot: you have to say it reeeeal fast on the radio, then don't take any rebuttals, and go to a quick commercial, like Rush did. When you write his crap down, someone can call you on it, and you, I'm sorry to say, (as a Cost Analyst for a Fortune 500 co) just look stupid."

Boy does that sum up the "opinion is news" Fox/Limbaugh talking heads. Ever notice how when someone calls in and asks a good question, the host simply makes a quick reply then goes ahead and talks about whatever he wants to on his high horse?

Monday, October 08, 2007

Nobel Prize for Medicine - stem cell research

The scientists created a technology to genetically engineer so-called ``knockout'' mice, animals missing a particular gene, the Stockholm-based Nobel Foundation said today in a statement.

Their discovery fuels the work of researchers who study the development of embryos, the genesis of diseases or the workings of cells. The technique is used to disable or weaken single genes, illuminating their roles in disease and aging, and has produced more than 500 mouse models of human disorders such as hypertension and cystic fibrosis, which may aid drug studies.

``This is staggering,'' Capecchi, 70, said in an interview. He called the 3 a.m. phone call from Sweden ``a huge surprise.''

Capecchi was born in Italy, where he was forced to wander the streets for four years after his mother was imprisoned by the Nazis in a concentration camp. His mother found him after World War II and brought him to live with his aunt and uncle in the U.S. He completed his thesis work under James D. Watson, who won the Nobel Prize in Medicine along with Francis Crick in 1962 for their work on the structure of DNA.

Now a human geneticist at the University of Utah in Salt Lake City, Capecchi and Smithies, 82, of the University of North Carolina at Chapel Hill, showed how a mouse's genetic information can be permanently changed, creating animals that pass down their disease traits to their offspring.

Tuesday, October 02, 2007

Junkbond king Michael Milken says . . . .

``The most important asset and the largest asset category in the United States or any country is human capital,'' Milken said. ``The cure of cancer is worth $45 trillion to the U.S. economy. The elimination of heart disease as a cause of suffering and death is worth almost $50 trillion to the U.S. economy. The solution to those two problems far outweighs any other economic discussion which we could have today.''

what a great take on the resources of the US

Monday, October 01, 2007

Oil for Food

More than 2,200 companies paid almost $1.8 billion in bribes to the Iraqis to win contracts, according to a 2005 inquiry led by former U.S. Federal Reserve Chairman Paul Volcker. Eight people (in addtion to Oscar Wyatt, who just plead guilty and will forfeit $11 million plus go to jail for 2 years) have pleaded guilty or were convicted of charges stemming from the federal investigation.

Sunday, September 30, 2007

Beware of your pancake mix . .

there might be mold in it which can cause you harm. Snopes says it's true . . click here