Opening Stuff:
Well, when I wrote that little piece about financial concerns yesterday, I didn't expect the crumbling quite that fast. But, I have felt for a while that the progress of the market was based more upon looking for good news rather than it really being there and poking us the eye. However, after yesterday, some are touting a "Depression" of all things. My sense is that the manufacturing number shortfall was based a lot on a weakened auto production output after the japan earthquake. And the awful jobs growth could be related there too. But, more deeply, the jobs failure is also a result of a grand, now failed stimulus plan that mainly created non- economic growth style national, state and local government employees jobs. And housing still sucks. Or...is it right where it is supposed to be now that the market is not based the hallucinations of homes for all.
One lesson I learned during my confinement of the past week or so is that it is really tough when wearing an IV to get your hand into the Cheetos bag. And, it is even tougher to get it out when you hear the approaching footsteps of the nutritionist.
Hey government, the nutritionist is approaching.
The Repubs did what they should yesterday. they went to the "Let's get rid of the nasty rhetoric President" and said this debt is serious and you have to stop the scare anecdotes and come up with a real plan. Carney says, "The President doesn't want to end Medicare as we know it." The Repubs say, "We want to save Medicare." The WH statement is a scare technique. The GOP's is about the problem.
The Question:
Name five great achievements of Marvin Hamlisch.
The Headlines:
--Romney Enters: "Barack Obama Has Failed America".--World Health Org Says E.coli Outbreak New Strain; Europe Bans Veggies.
--Four Dead In Mass. Tornadoes.
--OPEC Gathering To Plan On Easing Gas Prices.
--Moody's Downgrades RI Bonds Over Murky Future Because Of Growing Unfunded Pension Liability.
--US/Pakistan Medicating relationship; Countries Form Joint Anti-terrorist Intelligence Squad.
--Woman Loses $300K Inheritance To "Rapture".
--Syrian Troops Renew Attacks On Town Killing 15 Citizens.
Back to More Stuff:
In the Comic Strip "Shoe" this morning, the press corps asks the Senator, "What are you going to do about the debt ceiling?" The answer, "Paint it." A little too close to the truth, isn't it. It's like when the the "Check Engine" light shines in my car and I tape it over with black electrical tape. Problem solved.
Warren Buffet: "When the tide goes out you see who has been swimming naked."
The so-called "Hottest Wine in America Is a California combo of Merlot, Syrah and Zinfandel called "Apothic Red". ($9.99)
Here's couple of reader remembrances to yesterday's question about celebs killed in air disasters -- Ricky Nelson, Otis Redding and Leonard Skynyrd (Ronnie Van Zandt, Steve and Cassie Gaines). BTW, The name Leonard Skynyrd was a mocking tribute to their HS Phys Ed Teacher notorious for strictly enforcing policy against boys with long hair. Just in case you are interested.
After a good ball game, the catcher usually goes out for a pitcher!
Nothing is Forever Department:
Just look at RI. Yesterday began the start of the celebration of the June founding of the break-through colonial idealeading state, Rhode Island, 375 years ago! Today, Moody's downgraded the bonds over a murky financial future. You just can't go around saying we have a great contributing history, unimaginably beautiful vistas and say everything is lovely and ok, while giving away the store. Economics work. Part of the landscape. Oh, and RI was once the economic giant of the USA.
More kudos to RI water oriented sports teams. Roger Williams University on beautiful Mount Hope Bay just won the APS/iCSA national sailing championships out in Oregon ON THE Columbia River. They beat out Georgetown, Boston College and St. Mary's of Maryland. RI may be in deep water, but some here know how to make the most of it.
The US Gov. announces with pride that they are going to replace the "Food Pyramid" Graphic with a new easier to understand "Circles" presentation. Two questions: How many people are working on this and does anybody but them and a few nutritionists really care? The healthy scheme is all about fruits and vegetables, so I'm wondering if there is a legal disclaimer about E.coli?
While on stupid Government non-essential spending, how about all of the states who are forced to redistrict every 10 years. In this little state for instance, it cost $1.5 Mil too redistrict a state owned by the Unions. Guess what?
The Answer:
Hamlisch, originally a song writer for film first hit big with his adaptation of Scott Joplin for The Sting. He is one of a handful who has won n Oscar, Emmy, Tony and Grammy. Oh yeah, and a Pulitzer Prize. He wrote alll the scores for Chorus Line including "What I did for love" and "One". Then there is "The Way we Were", "Through the Eyes of Love" and "Sunshine, Lollipops and Rainbows". There are the James Bond songs "Nobody does it better" and "The Spy who Loves me." This is another of those prolific contributors to our musical enjoyment.
The End:
A Micro historical note from Pilgrim writings reminds why capitalism works. That the purer the economic forces the better the chance for sustained growth not only economically, but humanitarianly. In the early dire days of their fight for survival, The Pilgrims found that food production from communal farms was dismal. In fact in 1621 the system almost wiped out the community.The leaders passed a law saying that all food would be produced on family farms. The turn-around was enormous as those who during the communal activity let other do more of the sweat now responded with a vigor that raised up the production of all food. If you pay people not to do anything, that's what they will do.
True economic forces is why OPEC is scurrying this week to do something about high gas prices. They realize that making oil the most palpable energy source for Americans is a critical element of their entire economic future. And maybe they see the Admin's desire for higher gas and energy prices as a way to force over-priced alternative energy on the US.
Promise: No more RI tomorrow. But, if it is happening here, it is probably happening where you are too. Except, of course, for the Sailing Championships!
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