Watching the slow-motion train wreck of an economic system collapse unfold

Watching the slow-motion train wreck of an economic system collapse unfold
click pic to reminisce

May 2012 Final Jeopardy! Challenge  

Posted by howard in nyc

only ten clues, since the teen tournament and some dopey celebrity week took up most of the month.


Monday 5/28
Category:  AMERICAN INNOVATORS
Clue:  This Grammy winner who died in 2009 at age 94 was an inductee into both the Rock & Roll & National Inventors Halls of Fame

Answer:  Who was Les Paul ?






Tuesday 5/29
Category: CLASSIC MYSTERY NOVELS
Clue:  A letter in this mystery says, "we are going…to Luxor and Assuan by steamer, and perhaps on to Khartoum

Answer:  What is Death on the Nile


Wednesday 5/30
Category: PRESIDENTIAL RESTING PLACES
Clue:  Only three sites have the remains of 2 presidents; 1 at Quincy, Massachusetts, 1 at Arlington,& 1 in this state capital

Answer:  Where is Richmond, Virginia  ?

and the extra credit answer?  Grant, and his wife.


Thursday 5/31
Category: AIRLINE HISTORY
Clue:  Clipper Goodwill, a Boeing 727, took this airline's last passengers from Barbados to Miami December 4, 1991

Answer:  What is Pan American Airlines  ?




Monday 5/21
Category:  DRAMA
Clue: This play that came to Broadway in 2005 is set in the autumn of 1964 at St. Nicholas Church School in the Bronx

Answer:  What is Doubt ?






Tuesday 5/22
Category:  1957
Clue: On Sept. 5, Dwight Eisenhower told this state's Gov. that "the federal Constitution will be upheld by me by every legal means"

Answer:  Where is Arkansas ?  bonus if you can name Govenor Orval Faubus


Wednesday 5/23
Category: ANIMALS
Clue: A 2005 study reported that this animal named for an island has, pound-for-pound, the most powerful bite of any mammal

Answer:  What is the Tasmanian Devil  ?


Thursday 5/24
Category:  BIOGRAPHIES
Clue: "The Man Who Invented the 20th Century"  is a biography of this scientist who was born in the Balkans

Answer:  Who was Nicola Tesla? 


Friday 5/25
Category:  MILITARY MATTERS
Clue: In 1934 the lease for this place was increased to $4085 per year; since 1959 the checks haven't been cashed

Answer:  Where is Guantanamo Bay, Cuba?


 

why didn't we think of that?  

Posted by howard in nyc in , ,

obomney announces that he and the g-8 leaders have reached a consensus that they all will do more to promote growth and create jobs.

brilliant!  damn, someone should've come up with this months ago.  growth! that's the ticket.

austerity measures have resulted in collapse of governments in greece, riots in the streets of spain and italy, and ouster of the president of france in favor of an anti-austerity socialist. and the ability to retire the debts of these nations has not occurred.  in other words, austerity measures have fixed nothing.

so, next they'll try growth.  heh.

what can a government possibly do to promote growth and jobs?  specifically a government that is running deep annual budget deficits?

spend more money.

and where will that money come from?

they'll just borrow it.  and/or raise taxes.  or print the money.

these clowns already borrowed unprecedented sums and spent into the economy in the name of stimulating economic growth.  and they got a little bit of growth.  now the growth has ground to a halt in europe, and is likely to do the same in the usa.  the money they borrowed is still owed, plus interest.  the money they printed caused significant inflation of oil and food prices, sufficient to drag economic growth.

they are stuck.  cut spending and decrease deficits = economic stagnation.  borrow/print and spend = inflation sufficient to stagnate economic growth.

the short-term benefits of borrowing and printing have become shorter term and less effective each round.  here, in europe, and in china.

there is no good way out.  economic pain is inevitable.  all they can determine is the particular path to pain--inflation or debt default.

i wonder if they realize this, and are lying, or if they have managed to swallow their own bs and believe that if they just promote growth and job creation, the economy will be fine?

there is no magic 'growth ' button to push.  borrowing/printing more money will make things worse.  they have already demonstrated this reality, with the borrowing/printing of the past three years, and the subsequent inflation, stagnant job results, stagnant gdp growth and return to recession in europe.

excess debt must be paid off or defaulted.  deficit spending must stop when you have so much debt, no one will lend you any more.

growth financed with debt eventually fails.  eventually is here.  debt shrunk by printing money is accompanied by the inflation caused by printing money.

there is no 'solution'. the fruitless attempts at finding a painless solution are now farcical.  there is only the choice of what flavor pain we suffer.  

Giants Tix, May 2012  

Posted by howard in nyc in , ,

2012_05_16
23:45

six weeks into the season, and finally i make my first post of the season regarding my extra tickets.  punctual as usual.

same story as prior years.  i will put the tickets up one month at a time, since my travel plans are usually last minute, and i like to use the seats when i am visiting cali. so around the last week of each month i will post available dates for the following month.

tickets can be transferred electronically, instantly and securely, for $4, via the giants' web site. you can pay me with paypal, (even though i hate those fuckers i don't have an alternative set up) or if we have done business before, just send me a check.

the giants use differential pricing, so i will list the literal face value for each date. face value varies between $34 and $78. price is always negotiable, up as well as down.

there are only a couple of dates remaining for may, but i have plenty for june, and will post shortly.
 

shoot me an email anytime, or comment on the blog.



Fri  18-May     Athletics     7:15    $52-----SOLD
Sat  19-May     Athletics     1:05    $52-----SOLD
Sun 20-May     Athletics     1:05    $52-----SOLD

Mon 28-May     Dbacks         2:05    $68-----SOLD
Tue  29-May     Dbacks         7:15    $34-----SOLD
Wed 30-May     Dbacks         7:15    $34-----SOLD