Thursday, November 4, 2010

An Immodest Proposal

Fact: Lots of empty capacity on freighters returning to Asia.
Fact: Overcrowded California prisons not far from major ports.
Fact: Cost of incarceration in California excessive – thanks prison guard unions and feckless politicians.
Fact: China is overloaded with empty buildings and has labor @ great rates.
IMMODEST PROPOSAL 1:  Send California convicts on return freighters to China, where they can occupy empty buildings and be guarded by non-union staff.  Fringe benefit:  Escape to…. where?  Arnold couldn’t export prisoners to Mexico, but this time, it could be different!

Thursday, October 28, 2010

Theater of the Absurd

The confluence of rapidly rising speculative valuations on Apple, Netflix, Amazon and others combined with record-levels of insider stock selling and market trading dominated by racks of algo robots qualifies this period in history for the moniker Theater of the Absurd.  Oh, let's not forget the $trillions of dollars the Federal Reserve is and will continue to print in order to reduce the value of the dollar and foster a chimeric rising stock market to assuage all us sheeple that our economy is moving forward, or in recovery, or whatever the eupehemism du jour is.  Oh, and let's also not forget BLS statistics - where poor showings have been consistently underreported and then revised upward later, when the mainstream media isn't paying attention.

Here is a good, short article by analyst Allan Newman http://www.decisionpoint.com/TAC/NEWMAN.html on some aspects of our ongoing Theater of the Absurd.  Good reading, and quick.  And let me recommend again, for contrarian perspective, adding www.zerohedge.com to your reading list.

Wednesday, October 20, 2010

A Little Gem of a Movie - My Dog Tulip

Do you love dogs?  Do you find them interesting?  Do you appreciate hand-drawn and painted animation?  If you do you should try to find a screen that has "My Dog Tulip" and go see it.

This animated story is based on Joe Ackerley's book on finding his lifetime best friend - an Alsation he rescued at 18 months and kept company with for 15 years, from when he was "well over 50" into advanced age.  The story is sentimental without being maudlin or too cute, and whimsical in a wonderfully wry manner.  All of the characters drawn by Ackerley, even the little bit characters, live fully and expressively.

The old-school animation by husband-and-wife team Paul and Sandra Fierlinger is subtle and rich at the same time. The pencil line-art cartoonery that punctuates the flow is clever and very amusing.... I could easily watch a feature length story done that way.

The voices are first rate - Christopher Plummer, Lynne Redgrave, Isabella Rossellini - what would you expect?

A great "little" story with a lot of depth.  What a nice surprise!

Thursday, October 14, 2010

Public Pensions Too Much to Swallow - For Another Public Agency!

A little more daylight on one of the biggest economic elephants in the room - public pension funding.  Seems a cozy relationship between LA City and the DWP where they just transfer "layed off" workers back and forth is under some real stress...  LA City recently handed DWP something like 1500 "transfers" and now DWP is saying they can't afford to pay the pensions that are coming due.  http://www.latimes.com/news/local/la-me-dwp-pension-20101014,0,5040462.story

This is piquant given the fact that DWP is notorious for compensating its public servants to the tune of 50% higher than LA City for comparable jobs.

The private sector continues to take a full measure of austerity in this terrible economy, while the public sector continues to pay large salaries and even larger pensions to police, fire, prison and other public employees.  Public jobs outpay their private counterparts, and when you add in the "ghosts" - public pensioners who can retire at about 50 and then receive full pay for decades - that are adding to the burden of each job position, it's utterly ludicrous.

Monday, October 11, 2010

A California Gubernatorial Election Theme

I had the wonderful good fortune to see Donald Fagen, Michael McDonald and Boz Scaggs plus an all-star band perform recently at San Francisco's Hardly Strictly Bluegrass festival.   They did a fantastic rendition of Steely Dan's "Peg".  I hate it when current news gets enmeshed with songs I enjoy.  The only cure is to write it down.  I don't have time to record this, so I'll just have to offer up the lyrics...

MEG (with many apologies to Steely Dan)
I've seen your picture
Your money surely bought it
This is your big debut
You’ve got 2thousand dollar shoes
So won't you smile for a camera?
they’ll need to photoshop it, Meg

I like your cheap shots
Nobody does them better
You run a skewer through
Cheap and mean that’s you
And when you lie for a camera
I know I’ll love you better

Meg
It will come back to you
Meg
It will come back to you
Then your campaign stalls
You see it all in 3-D
Jerry Brown’s your nightmare movie

I like your trick shots
Nobody shoots them better
Wherever you point them to
They ricochet on you
And when you lie for a camera
the voters will know better


Meg
It will come back to you
Meg
It will come back to you
Then your campaign stalls
You see it all in 3-D
Jerry Brown’s your nightmare movie

Thursday, September 30, 2010

Who Do You Trust?

Is it just me or are we in a time of diminishing Trust?

Every day I'm reminded of how we are losing Trust in our politicians, our big corporations (banks, please go to the top of the list), our unions, our public sector, our economy, and just about everything we're exposed to by the media.  Heck, even one of my favorite trusted web sources, Yelp, is now defending several class action suits with allegations including review tampering.  For Pete's sake.

A teacher once showed me that there are two elements to Trust - first, the presence or absence of Sincerity, and second, the presence or absence of Competence.  Trust is built by recurrence supported by Sincerity and Competence...  if my plumber has shown up and fixed my problem the last six times in a row, I Trust she will do it the next time I call.  Conversely, when politicians say that BLS unemployment data indicates continuing recovery, I remember that those data have been consistently revised in the bad direction every month and reported in such a way as to mask the full magnitude of the persistent employment problems we face.  Trust? Not.

When political races consistently boil down to intense negative campaigning, what happens to Trust?  

When a neighborhood is immolated by it's public utility company and the back story shows the tragedy was eminently preventable, what happens to Trust?

On the bright side, I still Trust people and organizations that are Sincere and Competent... fortunately enough to make life work well.  I hope you have many people in your life you can Trust... it's precious.

Sunday, August 1, 2010

Great Sleeper of a Movie - Winnebago Man

Whether or not you are familiar with the viral-video phenomenon known as "Winnebago Man"  (outtakes of Jack Rebney making Winnebago promo videos), if you get a chance to see the movie of the same name, do it!

Winnebago Man gets behind the YouTube schadenfreude of watching people bonk or otherwise find the next level of humiliation on camera, and gets to a deeper story about a thoughtful, articulate man and the times he found himself living in.

Whether you agree with protagonist Jack Rebney's musings or not is beside the point.  At the very least, you will probably get some very welcome laughs.