Even wealthy industrialist (and heir to the famous Wayne financial empire) Bruce Wayne has had to downsize.
Original story here.tagged: economy, car, Smart Car, Batmobile, humor
Monday, April 06, 2009
Smartmobile
I'm telling you people times are tough. The economy is affecting everybody these days.
Even wealthy industrialist (and heir to the famous Wayne financial empire) Bruce Wayne has had to downsize.
Original story here.
tagged: economy, car, Smart Car, Batmobile, humor
Even wealthy industrialist (and heir to the famous Wayne financial empire) Bruce Wayne has had to downsize.
Original story here.tagged: economy, car, Smart Car, Batmobile, humor
Friday, April 03, 2009
First First Friday
I get home from work Tuesday evening and hear the dreaded, "You need to read the note that the teacher sent home with our daughter today," from my Supermodel Wife.
Oh great. Something bad enough happened that it required a note home from school. We have a pretty good kid. But she is the assertive type, and sometimes that clashes with other assertive types in her kindergarten class.
Usually this results in nothing more than the kids "losing their trophies" for a few hours. It's all good, since it teaches kids how to get along with each other.
But now we've got the dreaded note from the teachers. The only thing worse would be the "phone call from the principal" which we hopefully will never get.
So anyway, I told my Supermodel Wife to just give me the gist of the note.
"Well, it turns out that our daughter and another girl in her class..."
(oh, boy... here it comes... What? Got in a fight? Set the school on fire? Have been selling leveraged credit default swaps in the lunchroom?...)
"... have been selected to have their projects from art class displayed in a gallery in The Crossroads this Friday."
What? Well... that's not bad at all! In fact, that's the opposite of bad!
Our kiddo's interest in fine arts has only become stronger over the years. Her skills and technique have developed nicely since first putting crayon to aluminum siding three years ago.
She has dabbled in cubist/surrealist fusion (see "Friendly Alien-2005"), and has produced some fascinating works of abstract expressionism.
The Kiddo's piece is one of only 12 chosen for display from her school.
While I'm proud to say I spotted this talent early, I'm even more proud that other luminaries in the world of fine art also recognize her potential.
If you're out and about in the Crossroads tonight, and if First Fridays is your thing, then don't miss your opportunity to see this up and coming artist.
The work is on display in the Shawnee Mission District Art Show at the OfficePort KC building -- 208 West 19th Street (between Wyandotte and Central).
Just be sure you get there before 8:30. That's her bedtime.
tagged: art, Kansas City, Crossroads, First Friday, family, parenting, kindergarten
Oh great. Something bad enough happened that it required a note home from school. We have a pretty good kid. But she is the assertive type, and sometimes that clashes with other assertive types in her kindergarten class.
Usually this results in nothing more than the kids "losing their trophies" for a few hours. It's all good, since it teaches kids how to get along with each other.
But now we've got the dreaded note from the teachers. The only thing worse would be the "phone call from the principal" which we hopefully will never get.
So anyway, I told my Supermodel Wife to just give me the gist of the note.
"Well, it turns out that our daughter and another girl in her class..."
(oh, boy... here it comes... What? Got in a fight? Set the school on fire? Have been selling leveraged credit default swaps in the lunchroom?...)
"... have been selected to have their projects from art class displayed in a gallery in The Crossroads this Friday."
What? Well... that's not bad at all! In fact, that's the opposite of bad!
Our kiddo's interest in fine arts has only become stronger over the years. Her skills and technique have developed nicely since first putting crayon to aluminum siding three years ago.She has dabbled in cubist/surrealist fusion (see "Friendly Alien-2005"), and has produced some fascinating works of abstract expressionism.
The Kiddo's piece is one of only 12 chosen for display from her school.
While I'm proud to say I spotted this talent early, I'm even more proud that other luminaries in the world of fine art also recognize her potential.
If you're out and about in the Crossroads tonight, and if First Fridays is your thing, then don't miss your opportunity to see this up and coming artist.
The work is on display in the Shawnee Mission District Art Show at the OfficePort KC building -- 208 West 19th Street (between Wyandotte and Central).
Just be sure you get there before 8:30. That's her bedtime.
tagged: art, Kansas City, Crossroads, First Friday, family, parenting, kindergarten
Thursday, April 02, 2009
Read it and weep
In case you missed it, The Atlantic has a great read (penned keyboarded by Simon Johnson) about the covert coup that most people know as the current economic recession.
It's not as expletive-laced or frothing-at-the-mouth as Matt Taibbi's effort, so it might not be as enjoyable to some of you.
But The Atlantic piece does have an air of objectivity to it that makes it more valuable in my opinion (which is the one that counts).
tagged: economy, The Atlantic, Matt Taibbi, Simon Johnson, recession, AIG, bailout
It's not as expletive-laced or frothing-at-the-mouth as Matt Taibbi's effort, so it might not be as enjoyable to some of you.
But The Atlantic piece does have an air of objectivity to it that makes it more valuable in my opinion (which is the one that counts).
In a primitive political system, power is transmitted through violence, or the threat of violence: military coups, private militias, and so on. In a less primitive system more typical of emerging markets, power is transmitted via money: bribes, kickbacks, and offshore bank accounts. Although lobbying and campaign contributions certainly play major roles in the American political system, old-fashioned corruption—envelopes stuffed with $100 bills—is probably a sideshow today, Jack Abramoff notwithstanding.
Instead, the American financial industry gained political power by amassing a kind of cultural capital—a belief system. Once, perhaps, what was good for General Motors was good for the country. Over the past decade, the attitude took hold that what was good for Wall Street was good for the country. The banking-and-securities industry has become one of the top contributors to political campaigns, but at the peak of its influence, it did not have to buy favors the way, for example, the tobacco companies or military contractors might have to. Instead, it benefited from the fact that Washington insiders already believed that large financial institutions and free-flowing capital markets were crucial to America’s position in the world.
One channel of influence was, of course, the flow of individuals between Wall Street and Washington. Robert Rubin, once the co-chairman of Goldman Sachs, served in Washington as Treasury secretary under Clinton, and later became chairman of Citigroup’s executive committee. Henry Paulson, CEO of Goldman Sachs during the long boom, became Treasury secretary under George W.Bush. John Snow, Paulson’s predecessor, left to become chairman of Cerberus Capital Management, a large private-equity firm that also counts Dan Quayle among its executives. Alan Greenspan, after leaving the Federal Reserve, became a consultant to Pimco, perhaps the biggest player in international bond markets.
tagged: economy, The Atlantic, Matt Taibbi, Simon Johnson, recession, AIG, bailout
Tuesday, March 31, 2009
Playing ketchup
One of the things that's kind of disheartening about the recent economic bump in the road we're all trying to get through is how cavalier people are about throwing around such astronomically huge numbers.
A billion dollars here, a billion dollars there. Pretty soon, your actually talking about real money.
In fact the government so far has committed $11.6 trillion in financial support to failing businesses (banks, auto companies, insurers, mortgage brokers).
Now, $11.6 trillion doesn't really sound like a lot when you say it like that. I mean, sure it sounds large, but c'mon a 't' is much smaller than an 'm' or a "b" -- right? And besides "trillion" has kind of a pretty sound to it. Kind of like a bird singing.
When you write it out numerically, it has a little more impact: $11,600,000,000,000. Whooo! Look at all those zeros!
But I don't think even writing out all of those zeros gives a really good picture of just how much $11.6 trillion is.
To get a better picture of just how large of a number 11.6 trillion is, I like to convert it into a unit that is a little more familiar to regular working class Joes like me. That's right, I like to think of it in terms of tomatoes.
Your typical household garden variety tomato is about 10 centimeters in diameter. So line up 10 of these sweet, juicy bundles of tastiness, and you're looking at 100 centimeters worth of tomatoes. That's one meter for those of you who are products of the Kansas City Missouri school system.
At 100 tomatoes to the meter, you need 10,000 tomatoes to make a kilometer. This is nice to know, because now you can compare the number of tomatoes in various distances. For example, the distance from my house to the Boulevard Brewing Co. tasting room is about 16.25 kilometers. That's a distance of 165,500 tomatoes.
Of course, 165,500 is infinitesimally small compared to 11.6 trillion. So let's think a little larger. The great state of Kansas is 340 kilometers wide. So line up 3,400,000 (3.4 million) tomatoes side by side and you'll get from KC to Hayes and then some. But it's still only a fraction of the 11.6 trillion.
The United States is about 2,600 miles (from New York to San Francisco). That works out to roughly 4,184 kilometers. So you'll need 41,840,000 tomatoes to get from sea to shining sea. But $41.8 million doesn't even cover the mortgage on Bernie Madoff's second house.
Gotta go larger. Gotta think globally.
So, the circumference of the Earth at the equator is about 40,080 kilometers. Converted to tomatoes, that's 400,800,000. So if you had 401 million tomatoes, you could line them up all the way around the world. That's a pretty big number, but you'll note we haven't even reached a billion yet, let alone a trillion.
Earth to the moon is roughly 363,300 kilometers (at perigee). That works out to 3,633,000,000 tomatoes. So if we line up 3.6 billion tomatoes side by side you'll have a row of veggies stretching to the moon. That's a lot of marinara, but we've still got four decimal places to go before we reach the kind of numbers the bailout architects are talking about.
Going out a little farther, the mean distance from Earth to the Sun is 149,300,000 kilometers -- 1,493,000,000,000 tomatoes. Now we're getting some idea of just how large a number like 11.6 trillion is. Consider this, if you had 11.6 trillion tomatoes, you could line up tomatoes side to side and this resulting line of tomatoes would reach from the Earth to the Sun.
In fact, you would have enough tomatoes to make SEVEN lines of tomatoes from the Earth to the Sun. And you would still have millions of tomatoes left over!
So yeah, 11.6 trillion? That, my friends, is a lot of tomatoes.
tagged: bailout, billion, trillion, million, tomatoes, Giada De Laurentiis, Boulevard Brewing Co.
A billion dollars here, a billion dollars there. Pretty soon, your actually talking about real money.
In fact the government so far has committed $11.6 trillion in financial support to failing businesses (banks, auto companies, insurers, mortgage brokers).
Now, $11.6 trillion doesn't really sound like a lot when you say it like that. I mean, sure it sounds large, but c'mon a 't' is much smaller than an 'm' or a "b" -- right? And besides "trillion" has kind of a pretty sound to it. Kind of like a bird singing.
When you write it out numerically, it has a little more impact: $11,600,000,000,000. Whooo! Look at all those zeros!
But I don't think even writing out all of those zeros gives a really good picture of just how much $11.6 trillion is.
To get a better picture of just how large of a number 11.6 trillion is, I like to convert it into a unit that is a little more familiar to regular working class Joes like me. That's right, I like to think of it in terms of tomatoes.
Your typical household garden variety tomato is about 10 centimeters in diameter. So line up 10 of these sweet, juicy bundles of tastiness, and you're looking at 100 centimeters worth of tomatoes. That's one meter for those of you who are products of the Kansas City Missouri school system.At 100 tomatoes to the meter, you need 10,000 tomatoes to make a kilometer. This is nice to know, because now you can compare the number of tomatoes in various distances. For example, the distance from my house to the Boulevard Brewing Co. tasting room is about 16.25 kilometers. That's a distance of 165,500 tomatoes.
Of course, 165,500 is infinitesimally small compared to 11.6 trillion. So let's think a little larger. The great state of Kansas is 340 kilometers wide. So line up 3,400,000 (3.4 million) tomatoes side by side and you'll get from KC to Hayes and then some. But it's still only a fraction of the 11.6 trillion.
The United States is about 2,600 miles (from New York to San Francisco). That works out to roughly 4,184 kilometers. So you'll need 41,840,000 tomatoes to get from sea to shining sea. But $41.8 million doesn't even cover the mortgage on Bernie Madoff's second house.Gotta go larger. Gotta think globally.
So, the circumference of the Earth at the equator is about 40,080 kilometers. Converted to tomatoes, that's 400,800,000. So if you had 401 million tomatoes, you could line them up all the way around the world. That's a pretty big number, but you'll note we haven't even reached a billion yet, let alone a trillion.
Earth to the moon is roughly 363,300 kilometers (at perigee). That works out to 3,633,000,000 tomatoes. So if we line up 3.6 billion tomatoes side by side you'll have a row of veggies stretching to the moon. That's a lot of marinara, but we've still got four decimal places to go before we reach the kind of numbers the bailout architects are talking about.Going out a little farther, the mean distance from Earth to the Sun is 149,300,000 kilometers -- 1,493,000,000,000 tomatoes. Now we're getting some idea of just how large a number like 11.6 trillion is. Consider this, if you had 11.6 trillion tomatoes, you could line up tomatoes side to side and this resulting line of tomatoes would reach from the Earth to the Sun.
In fact, you would have enough tomatoes to make SEVEN lines of tomatoes from the Earth to the Sun. And you would still have millions of tomatoes left over!
So yeah, 11.6 trillion? That, my friends, is a lot of tomatoes.
tagged: bailout, billion, trillion, million, tomatoes, Giada De Laurentiis, Boulevard Brewing Co.
YouTube Tuesday: My Two Fans
With a few exceptions, many of the most creative video ideas these days are showing up online, not on the air (which seems to be too crowded with fake-reality show knockoffs to allow for any truly original ideas).
Anyway I stumbled onto this newish web series the other day which, in the tradition of God Inc. and others, shows that there are still original and fresh ideas out there. Here's what creator Lauren Iungerich writers on the YouTube channel...
tagged: movie, YouTube, video, My Two Fans, Lauren Iungerich, Gray's Anatomy
Anyway I stumbled onto this newish web series the other day which, in the tradition of God Inc. and others, shows that there are still original and fresh ideas out there. Here's what creator Lauren Iungerich writers on the YouTube channel...
In the brutal world of dating and mating, every single woman needs a fan. Kate Maxwell just happens to have two.The series is a bit chick-focused, but it's got pretty good production value for a web series and it's way more entertaining than anything Gray's Anatomy has to offer.
My Two Fans is a new web series from creator, director Lauren Iungerich. The show was inspired after Lauren got "facebooked" by a fan of play she wrote called LOVE ON THE LINE for a charity event during the 2007/8 Writer's Guild strike. After meeting and befriending her fan, Jonathon Roessler, Lauren thought about how all average, single people need fans. And thus the idea for the series was born. My Two Fans is a 16 episode partially- improvised series. All 16 episodes were shot in a span of 4 days.
tagged: movie, YouTube, video, My Two Fans, Lauren Iungerich, Gray's Anatomy
Monday, March 30, 2009
The Big Takeover
The other day I read Matt Taibbi's The Big Takeover at Rolling Stone's website.
It is simultaneously one of the most interesting and most scarifying articles I've read on the current state of the economy.
If you are feeling too optimistic, too upbeat about the current state of affairs, this article is a good antidote. It's something to read while our society self-destructs.
tagged: economy, Rolling Stone, Matt Taibbi, economy, recession, AIG, bailout
It is simultaneously one of the most interesting and most scarifying articles I've read on the current state of the economy.
As complex as all the finances are, the politics aren't hard to follow. By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future. There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. In the age of the CDS and CDO, most of us are financial illiterates. By making an already too-complex economy even more complex, Wall Street has used the crisis to effect a historic, revolutionary change in our political system — transforming a democracy into a two-tiered state, one with plugged-in financial bureaucrats above and clueless customers below.
If you are feeling too optimistic, too upbeat about the current state of affairs, this article is a good antidote. It's something to read while our society self-destructs.
tagged: economy, Rolling Stone, Matt Taibbi, economy, recession, AIG, bailout
Thursday, March 26, 2009
Wednesday, March 25, 2009
Expanding vocabulary
The first year of kindergarten is in its home stretch, and I must say it's been a resounding success.
Our kid has made great progress, both academically and socially. It's all that you could hope for as a parent doing this for the first time. Last night, my kid read a story to me before bedtime.
We've always tried to encourage our daughter to be inquisitive, to ask questions and be interested in learning new things.
That's not to say that there haven't been a few surprises along the way, like the time she wanted to dissect a dead snake, for example.
Another such surprise came a few days ago.
I'd just picked up the kiddo from school. She was in the backseat buckled in to her booster and we were going over the highlights of the day.
Then she came at me with this gem:
Just a gentle reminder that the teachers aren't the only people teaching our kids at school.
tagged: family, vocabulary, education, kids, parenting
Our kid has made great progress, both academically and socially. It's all that you could hope for as a parent doing this for the first time. Last night, my kid read a story to me before bedtime.
We've always tried to encourage our daughter to be inquisitive, to ask questions and be interested in learning new things.
That's not to say that there haven't been a few surprises along the way, like the time she wanted to dissect a dead snake, for example.
Another such surprise came a few days ago.
I'd just picked up the kiddo from school. She was in the backseat buckled in to her booster and we were going over the highlights of the day.
Then she came at me with this gem:
kiddo: Dad, there's something I wanted to ask you.And... scene.
me: Okay. What is it.
kiddo: "Is 'ass' a bad word?"
me: Uhh...
me: Um. Well, yeah. It's kind of a bad word.
kiddo: Oh. Okay.
me: Most of the time it's not a nice thing to say. Your mom would probably get mad is she heard you say it.
kiddo: Okay.
me: you should probably look for ways to say what you want to say without using that word?
kiddo: Okay. I haven't said it. I heard someone at school say it, so I just wanted to know if it was bad.
Just a gentle reminder that the teachers aren't the only people teaching our kids at school.
tagged: family, vocabulary, education, kids, parenting
Tuesday, March 24, 2009
Monday, March 23, 2009
Fed up
It keeps getting more real.
This headline that came across my RSS reader the other day hit home in a couple of ways:
But this is the first instance that I know of where the Federal government is taking over area banks. So until this article, most of the upheaval in the banking sector was all happening in New York and Washington, and maybe North Carolina.
But now it's happen in KC. In our neck of the woods. Hell, there's a TeamBank location just down the street from my house. Correction, there WAS a TeamBank location there.
And just to make it a touch more personal, I have a relatively close family member who was a mid-level executive at TeamBank.
I haven't learned yet whether he's keeping his job or not. The article notes that the branches are opening under a new name this week. One would think that it would be difficult to fire everyone and still open all the branches the following week.
So good luck to you out there. Whether you're looking for a new job or your just trying to keep the one you have. Here's hoping this recession ends soon.
tagged: economy, Kansas City, Federal, economy, recession, unemployment, jobs
This headline that came across my RSS reader the other day hit home in a couple of ways:
Feds seize two big KC area financial institutionsI have a lot of friends who have lost their jobs during this economy. More than I can count on all my fingers and toes (that's more than 24).
Federal regulators seized two large Kansas City area financial institutions Friday to protect depositors’ accounts.
U.S. Central Credit Union, a $34 billion institution based in Lenexa, was placed into a federally controlled conservatorship.
Separately, TeamBank was seized and its branches, including five in the Kansas City area, will reopen today as part of Great Southern Bank, which has a branch in Lee’s Summit.
But this is the first instance that I know of where the Federal government is taking over area banks. So until this article, most of the upheaval in the banking sector was all happening in New York and Washington, and maybe North Carolina.
But now it's happen in KC. In our neck of the woods. Hell, there's a TeamBank location just down the street from my house. Correction, there WAS a TeamBank location there.
And just to make it a touch more personal, I have a relatively close family member who was a mid-level executive at TeamBank.
I haven't learned yet whether he's keeping his job or not. The article notes that the branches are opening under a new name this week. One would think that it would be difficult to fire everyone and still open all the branches the following week.
So good luck to you out there. Whether you're looking for a new job or your just trying to keep the one you have. Here's hoping this recession ends soon.
tagged: economy, Kansas City, Federal, economy, recession, unemployment, jobs
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