Today's Tids Issue 2,652
Opening Stuff
FaceBook
is behaving much like the DotCom fantasy that brought about the Clinton
recession of the late 1990's. Like the Bush Boom, the Clinton climax
was based upon Wall Street dreams enticed by promotionally induced
hysteria. In the late 1990's there were dot com companies built upon
nothing except cleverness by the very smart perpetrators. Eager,
ill-informed buyers clamored to hitch a ride on the rocket to the moon. I
was a part of that merry-go-round until Alan Greenspan eventually
termed it as "Irrational Exuberance". Those two words combined with a
Jack Welch (GE) Interview that coincided with the lifting of bans on
founder stock selling broke the back of a market that was mostly a myth.
Millions were made by a few and dreams were shattered for many.
FaceBook may remain, but at a valuation level that equal its worth. But
this new reality will now cast a suspicious eye on many Internet IPO's,
Let's see if I have this correct
-- Independent RI Gov. (38% of Vote) Lincoln Chafee-Lite who has avowed
time and time again that he is a classic, true Republican has announced
that he will be attending the Democrat convention! What's that all
about. Too many horse kicks in the head?
The Question:
"Sparkle", a movie opening today, is a remake of a 1978 Irene Cara movie. For what two things is Irene Cara best Known?
The Headlines:
--New Afghan Police Attack Kills Two More US Soldiers.
--Wildfires In West Continue
Rampage.
--Dow Up Early; S&P Flat.
--GM To Reorganize Globally...Again.
--UN Quits Syria Monitoring Mission; Says It Can't Operate Now That Syria And Rebels Have Chosen Path Of War.
--New Attacks Across Iraq Kill Nearly 100.
--CDC Recommends That Baby Boomers To Get Tested For Hepatitis C.
I asked a friend of mine,
A former US Army officer still doing regular consulting work for the
Army, why the commanders don't ban soldiers in Afghanistan from having a
drink or coffee with Afghans in police uniforms. He said, "They Can't".
"Can't?" Said I. "Nope," Said he, "Being friendly to the locals is part
of the US Government strategy for bringing the war to a peaceful end."
"Putting soldiers in jeopardy of death is a strategy?" said I. "You got
it," said he.
The good
news is that the nights around here are getting cooler and
cooler, meaning that the ocean temp should start dropping from higher
than usual temp levels. The cycle for a pleasant brisk fall has begun.
get out the fleece!
While this week's golf
tournament, The Wyndham, appears to have a weaker field, it may be the
most exciting of the year. It is the last tournament for some to make
the cut for the FedEx Playoffs, and others to improve their position i,
which can mean a lot as the tourney moves forward. The top 125 make it.
The bubble players to watch are those 126 to 130 playing to get in and
those from 120-125 to stay in. 126 is Brandan Steele, followed by Ratief
Goosen, Heath Slocum, Y.E. Yang and Gary Woodland. 125 is Rod Pampling
who is preceded by Jhonathon Vegas, Jason Bush, Trevor Immelman, Boo
Weekly and Jerry Kelly. In case you are interested, here's how the Ten
in
Jeopardy fared in the first round: Only three are in the top 25 --
Woodland, Immelman and Yang.
Since Post WWII, here
are the 3 year recovery from recession stats, from best to worst.
1948-49, 25.4%; 1981-82, 18.5%; 1960-61, 18.4%; 1969-70, 16.4%; 1973-75,
14.1%; 1953-54, 12.4%; 1990-91, 9.8%; 1999-2001, 9.0%; 2007-09, 6.8%.
Also, the current recovery has unemployment at 8.3% while the highest
for all the others was 7.0%. Also, consumer spending is significantly
lower. In looking at the statistics since 1990, I get a sense of
paradigm change going on, where stats of the past aren't as relevant or
meaningful to the present. The changeover seems to parallel
manufacturing falling off a cliff, and the subsequent diminishing of a
stable, well paid middle class. Newer middle class jobs are often
cyclical or shorter termed due to the encroaching efficiencies of new
technology. And of course,
the lower paid workers of a global economy. It ain't your grandfather's
economy anymore.
Family Fun
at national Parks became quite tragic yesterday. In one section of
Yosemite a ten year old boy was killed in a roaring stream while his 6
yo brother is missing. In another area called Curry Village, a popular
lodging area, a man was stricken with a rodent borne disease and died.
His wife is in serious condition.
Like the UN could have stopped rebel aggression against the Government and vice-versa.
What I'm
seeing as the current level of reporting on the election is a series of
"Gotcha" headlines that will bear little influence of the final vote.
So basically, I'm trying to keep my temperament calm because it just
isn't worth getting distraught
over misinformation.
I just casually dismiss any headline that starts, "(X celeb) pleads guilty to DUI Charge".
If there ever was a classic example of why Democrats shouldn't be able to vote, it's that Harry Reid keeps on getting elected.
The young lawyer over-advised by an associate looked up and said, "Get off of my case".
Reading Between the Lines Movie reviews:
--Sparkle,
Starring Jordan Sparks in the Irene cars role, is musical journey about
a prodigy singer trying to make it a tough world. Issues tear her
family apart. She tries to balance her romance with her manager with
dealing with her single mother and other unexpected roadblocks. She
eventually brings in
her two sister to form a trio. Some decent Motown music. Good little
striving film.
--All of the Expendables are back plus a couple
of new additions. The band of mercenaries accept what looks like an
easy job and quick paycheck...until one of heir own is murdered. Now
revenge is the guiding force and the team cuts a swath of destruction on
the way to atoning for the death of there brother. Lots of action will
reward action seekers.
--Paranormal is the animated feature
for the week and it may be a little scary for kids. A misunderstood boy
steps forward after a town is attacked by a band of zombies. The boy,
Norman, is able to speak to the dead and he will also have to take on
witches and ghosts. And Adults who wonder about his strange talent. The
show is a little bit about kids understanding kids who aren't exactly
like them.
The Answer:
I
think after you read this
answer you'll be humming all afternoon. Cara earned a Golden Globe
Nomination for her 1980 performance in "Fame" and her recording of the
title song became an international hit. In 1984, Cara won an Academy
award for co-writing Flashdance... What a Feeling.
Often I can get the Tids out
earlier, but invariably I get interested in topics I research and just
keep on clicking away from site to site. It'a an occupational hazard.
No comments:
Post a Comment