RANT: Boston Red Sox owners in a racial mess

Thursday, February 16, 2012

http://www.irishcentral.com/news/Boston-Red-Sox-owners-have-a-big-problem—-racism-139431293.html

Boston Red Sox owners have a big problem — racism
Liverpool’s American owner now has some big decisions to make
By PAUL LARKIN, IrishCentral Contributing Writer
Published Thursday, February 16, 2012, 7:49 AM
Updated Thursday, February 16, 2012, 10:17 AM

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The Guardian reports that the banking group Standard Chartered, which pays £20m a year for having its name on the Liverpool kit made strong representations to the club after the game expressing its extreme displeasure at the way its image was being dragged through the mud.

The banking group, which has a high profile in Africa and the Middle East then took the unprecedented step of issuing a public statement effectively condemning the club it sponsors:  “We were very disappointed by Saturday’s incident and have discussed our concerns with the club,” John W Henry, and chairman, Tom Werner, are scheduled to visit Liverpool next week  for commercial and sponsorship reasons but it is now unthinkable that they will decline to issue a statement about the racism displayed by one of their own high profile employees and the tenacious support that was shown to that employee by a club they own.

Many Irish people are asking whether things would ever been allowed to go so far if a Red Sox player had behaved the same way.

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I don’t know why, serendipity maybe, but I watched the very exciting game —  Manchester United versus Liverpool — and saw the refused handshake. At the time, I thought “Wow, their athletes are as big an <an anal opening surrounded by a sphincter> as ‘ours’!”

I didn’t realize the US connection.

I’m sure the corporate sponsor will clear this up in minutes. I can here it now: “Why don’t you pick up your check on your way out. And, don’t let the door hit you in the <synonym for donkey> as you leave.”

It was a good game. Drama equivalent to our standard fare.

Of course, the controversy intruded into a good product.

I also watched the Australian version of their baseball World Series. It to was good; not controversy.

# – # – # – # – #  2012-Feb-16 @ 12:32  Boston Red Sox owners

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MONEY: Is Retirement Just Too Dang Risky?

Thursday, February 16, 2012

http://www.getrichslowly.org/blog/2012/02/08/is-retirement-just-too-dang-risky/

Is Retirement Just Too Dang Risky?
Wednesday, 8th February 2012 (by Robert Brokamp)

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3. Savings to the rescue…or not.I won’t trot out all the stats about how people don’t save enough, or how the baby boomers, as a group, are entering their golden years with too little gold (that is, net worth — I’m not suggesting that every retiree hoard the shiny metal). That’s bad enough. My concern is that for these (often-too-meager) savings to last, investment markets have to cooperate, and, as we’ve seen over the past decade or so, they often don’t. I’m not predicting Armageddon or anything like that; most of my longterm savings are in the stock market. But investing can be risky; we just don’t know for sure how much a certain stock or even a bond will be worth a decade or two from now. Yes, you can play it safer with CDs or Treasuries, but only if your money will last as long as you do — and keep up with inflation — while earning 2%.

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Funny, he stumbled on my hot button. Gold. Specifically bullion. Silver. Even nickels!

On FBC, there’s an add where the retired couple goes to their bank to get their retirement savings and the teller gives them stacks of blank paper.

Maybe my depression era grandparents are too much on my mind, BUT, (and there is always a BIG butt), they loved cash and savings.

I remember the Metropolitan Life guy calling on my grandmother when I was being watched for my Mom. (Maybe I was 4 or 5?) And, she pay him some small amounts for “insurance” on a whole bunch of people. “Eddie”, my paternal grandfather, would called to pay for “his relatives”, and he’d come out with his Chock Full A Nuts coffee can where he had “his change”. He had gold coins in that. I remember they’d argue cause “he was going to jail if the government found out he kept them”. (Wonder what ever happened to those?) And, later, I remember she’d go weekly to the Harlem River Savings Bank, to put something away or even just to have her interest “put in the book”.

Argh!

And you wonder why I have a tin foil hat?

So, even some of the most conservative financial writers don’t spurn 5 – 10% in “metals”. Of course, they mean “paper” (e.g., a gold ETF).

How did that work out for the counter-parties of MF Global?

Imagine my favorite mental experiment? Henry Hackel’s “box of money.” or my mythical pirate’s’ chest. “Open that pirate’s chest and what do you want to see: greenbacks, Confederate currency, or gold coins?”

At the very least, every time, you go to the bank, buy a roll of nickels. 2$. Put them at the back of the “junk closet”. Even today the melt value is 7½¢ each. How can you go wrong?

Argh!

Lest you hit retirement and one of the many risks in this article comes to pass. You’ll always have your “bullion” stash. Your own personal “pirate’s chest”.

And, no estate tax if I am wrong.

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