FUN: Time shares as penny stocks

Thursday, April 14, 2011

http://www.palmbeachpost.com/news/free-time-shares-owners-cut-losses-by-dumping-1379853.html

*** begin quote ***

For Ginger Brownlow, a sales executive at King’s Creek Plantation, a luxury time share in Williamsburg, Va., the challenge is competing with her own product when it’s selling for half price on sites such as Tremblay’s. Though her price includes the cost of marketing the resort and driving consumer demand, resellers are capturing some of that demand with much-lower prices.

*** end quote ***

This reminded me of an old Wall Street joke about penny stocks. Those are stocks that sell for under $1/share. Dogs.

Broker: “You should buy acme it’s at a nickel and will go to $100.”
Rube: “Buy 10,000”
Broker: “You should buy acme it’s at a 7½¢ and will go to $100.”
Rube: “Buy 10,000”
Broker: “You should buy acme it’s at a dime and will go to $100.”
Rube: “Buy 10,000”
Broker: “You should buy acme it’s at a 12½¢ and will go to $100.”
Rube: “Sell my whole position; I want to take profits.”
Broker: “To who?”

Same as time-shares.

:-(

# # # # #


POLITICAL: “Rent Control”?

Wednesday, April 13, 2011

FROM A FACEBOOK CONVERSATION:

MaryAnn McCarra: My letter, appearing in The Journal News…….

Renew rent law before it expires | The Journal News | LoHud.com

http://www.lohud.com/article/20110413/OPINION/104130310/1016/OPINION02/Renew-rent-law-before-expires

Renew rent law before it expires
Apr 13, 2011

*** begin fair use quote ***

It is my understanding that there is an effort afoot to weaken and abolish the current rent regulations as of June 15, when rent-stabilization laws are set to expire. This will create an exceptionally unlevel playing field where landlords will be able to increase rents to unaffordable levels, essentially displacing tenants in order to offer those living spaces to the highest bidder. This is simply not playing with a straight bat.

{Extraneous Deleted}

*** end fair use quote ***

FJohn Reinke: “And, just out of curiosity, don’t you think that “rent control” is a little un-American. Suppose that the Gooferment decides that renters have to pay more. Would that be fair? And, might the cost of all this “control” be excessive. A landlord might stop renting when the effort becomes too much. I guess you don’t have too much faith in the Free Market to keep prices at “reasonable levels”. Did you know that “rent control” originated out of the World War 2 wage and price controls? WW2’s been over for a while, think they are still needed. If they ever were. No, politicians use “rent control” to reward people for voting for them at the expense of liberty. And extort from both the landlords and renters. Besides, one can always move? What’s the landlord’s relief? Thou shalt not steal. :-) But what did you expect from a little L libertarian?”

MaryAnn McCarra: “Given the cost of housing in our area–Westchester County–and the general scarcity of rental housing, in particular (many former apartments are now co-ops), nope, I don’t believe that the free market would create conditions where working families (and those only earning minimum wage, perhaps…and those who are disabled and/or elderly) would be able to find affordable housing should their current landlords increase their rents measurably. We are a family of five paying $1425.00 a month, currently, for a very small two-bedroom apartment….and houses in our area start at 400K-500K. My husband works in Manhattan….should he have a three hour commute, each way, so that we can live somewhere we can afford? Just my humble opinion! (I always enjoy hearing your opinions, too……each side, every opinion…should be heard!)”

FJohn Reinke: “See coops are just one of the market’s reactions to “rent control”. Unfortunately, the Gooferment’s use of force to “manage rents” has a predictable effect. Any time there are “price controls”, there are “shortages” and other market imbalances. Like the apocryphal butcher with the thumb on the scale, it’s the consumer who gets “weenied”. That’s an injineering term for getting less than you should. Imagine a free market since WW2 that would have allowed everyone to freely find what is best for them. Without the Gooferment’s “help”. p.s., FYI “price controls” on milk mean that you are paying far more for milk than you would in free market. So, if the Gooferment just left everyone alone, then we’d all be better off. Compare a gallon of milk to a gallon of gas. It’s nowhere near as costly to make milk as it is gas. So, we’ve been getting “weenied” on that one for a long long time. Cui bono? The politicians and bureaucrats!”

# # # # #


INTERESTING: Advice to a young Jasper

Wednesday, April 13, 2011

April 7, 2011

Dear fellow Jasper,

Thanks. It was a fun visit. Although, it had to be boring listening to old stories. I’ll be sending you “stuff” over the next few days. Please feel free to dispose of it as you see fit.

When I wrote “my book” “CHURCH 10●19●62”, I put into it every piece of dikw (i.e., data, information, knowledge, wisdom) that I had.

(Data is the elemental atom of the paradigm. Like “3”, “7”, “Langley”. Information is data in context. Like “”37 Langley”. Knowledge is actionable information. Like recognizing “37 Langley” is an address. Wisdom is knowing the implications and boundaries of knowledge. Like “37 Langley” is my first house and that there is a lot you don’t know about it.)

Permit me to share a quote.

*** begin quote ***

“Will you do something for me?” she whined.

“Subject to all the usual caveats”, he replied. Long ago, he had posted ‘house rules’.

There were several panels, but there was one that was really ‘on point’. It said:

“Your Mom and I love you very much. We want the best for you. We will do whatever we think is in your long term best interest as we see it. We may be wrong, but don’t ever doubt that we want you to be happy, healthy, and wise.

That being said, be careful what you ask for, it may be more than you wanted.

We will not deprive you of the chance to be happy by paving the road in front of you; someday we won’t be here to do it for you and happiness is in the struggling journey. We will not deprive you of the chance to be healthy by doing for you or not allowing you to grow; that, which doesn’t kill us, makes us stronger.

We will not deprive you of the chance to be wise by giving you the ‘test’ answers; while we might even be occasionally right, we recognize any answer, that is the ‘right’ answer for us from our point of view in our circumstances, maybe totally the ‘wrong’ answer for you from your pov and in your circumstances.

Having said that, we will love you, regardless of anything. We will provide a shoulder to cry on, a modicum of advice, and a swift kick if needed.

You call us heroes?

We’re just travelers on the same road as you, just a little further down that road. Remember we are all in the Holy Presence, and His Grace is Abundant, if you ask for it.”

*** end quote ***

— CHURCH 10●19●62 Volume 2 Page 370

What that long quote means is that the adults, who love you for just being you, (me included), will tell you things —- dikw (i.e., data, information, knowledge, wisdom) —- that they believe is right. It’s up to you to take what is being given, usually with the best of intentions, and decide if it is “right for you”. For your set of circumstances. For you at the time and place in your journey that you are at. Everyone, including me, is going to give you “gifts” from THEIR experience that they think is the “TRUTH” for you to act on. Only you will know if it’s truly right for you.

I tell folks that will listen that the DIKW some one gives you MAY be totally wrong. Someone could tell you to “quit school and become a clown in the circus”. In all honesty and sincerity. I think that might be “wrong”, but who am I to say? Only you can decide. You should (usually) honor the gift and the love it represents. But, recognize it may be flat out wrong, doesn’t apply, applies only in part, or is spot on. (“Look both ways when crossing the street.” Good advice. Except when you’re being chased like in a horror movie. LOL!) You may have folks like me who try to “overpower” you with their DIKW as “advice”. And, at that point, you can no longer “honor the gift” some is trying to force on you. (Call me; I’ll “help”. I’m good at being obnoxious.)

Unfortunately in life, there are no “do overs”, “second chances”, or “start overs”. No one ever knows how different paths will work out. Having watched my Mom, Aunt Rita, and to a certain extend myself, go nuts with “Shoulda, coulda, and woulda!”, I’ve come up with the “one year” rule”. Basically, that rule of thumb says: “Any decision I made was correct at the time I made it given the facts at the time. Period! Anything, done more than one year ago, is ‘a lesson to be learned’; not a mistake. I don’t second guess historical events. I learn from them.” This prevents driving yourself crazy.

SO, with that long lead into, here’s what I have been telling any “youngsters”, such as yourself, who will listen:

Success for your generation is: (1) ruthless financial discipline — no bad debt and savings; (2) a life long interest in learning — education — a degree — they can’t take it away from you; (3) a NON-OFFSHORABLE white collar job doing something in order to save big bux; (4) a blue collar skill for hard times — never saw a poor plumber; (5) one or more internet based businesses — your store is always open; (6) a free time hobby that generates income; and (7) a large will-maintained network of people who can and will “help” you.

Based on my experience with marriage, I should update that to include a “loving spouse”, but that’s probably too personal to tell folks. And, note this is VERY different than the formula I used. I’ve changed this formula seven or eight times over several decades. It may well have to change some more. I think it’s important to have “formulas” to help guide thinking. It prevents stupid mistakes. I always make mistakes. The trick is not repeat them.

Unfortunately, I usually, in my fat old white guy injineer way, go on to lecture folks, that you don’t learn everything you need to be successful from books, school, or your family. There is dikw (i.e., data, information, knowledge, wisdom) that you have to pick up on your own.

An example! The four sisters — Momma Diddy, my Mom, Pattie, and Rita — grew up in the Great Depression. Poor. Hence they “valued” money and were great savers, but they never taught me how to do it.

Another example, their father Grandpa Ed was a great mechanic, but he never taught me how to do it.

If I had been really “smart”, I’d have insisted they teach me. My life would have been very different if I had learned those two life lessons.

Those lessons were NOT available in school, books, or elsewhere.

So, one of your jobs is to “figure out life”. I’m sure you’ll do better at it than I did. I’ll give you some other ideas, tips, and introductions to folks I think can help you. If you want it. Remember ONLY you are the expert in what’s right for you.

Also, remember the sources of my “education”. I’m just a fat old white guy injineer with: Law “degree” from watching Judge Judy; Medical “degree” from watching Doctor Phil; Building “degree” from watching “Holmes on Homes”; Investing “degree” from reading about Bernie Made-off; and creating caring human relationships from studying the movie roles of Gunny Ronald Lee Ermey!

:-)

Thanks for humoring a “weird old alum”,
Remember you have to do what’s right for you,
Even if it’s ignoring me!
rofl!

# # # # #


FUN: ‘Fiat Currency’ is no more; it’s now “Muggle Money”! Like “monopoly money”.

Tuesday, April 12, 2011

http://www.lewrockwell.com/schmidt/schmidt25.1.html

An End to ‘Fiat Currency’
by Thomas Schmidt

*** begin quote ***

Laughter is a powerful tool of undermining the existing order. Boss Tweed might have remained in power, but for the mocking and muckraking of Thomas Nast’s cartoons. As Hans Christian Andersen once pointed out, the Emperor can abide anything but the laughter of children at his nakedness and foolish ways. We must use the power of the young to ridicule that which is ridiculous as they build a better way in the world, with a sound, gold-based money. We must stop using the technical term “fiat currency” known to Austrians, and refer to it simply by the words that make clear to a new generation that it ought to be an object of scorn. Call it Muggle Money, let the children mock Bernanke, and the battle is half won.

*** end quote ***

I think he’s absolutely correct.

If we laugh at the Gooferment’s money, then it will lose its power over us. To delude us into thinking it is a “store of value”. Or, “a measure”. Or, “a standard”.

It fails in three of the four attributes of “money”.

Sigh.

If it wasn’t so sad, it would be funny.

# # # # #


INSPIRATIONAL: “Conscience” as a legal doctrine

Tuesday, April 12, 2011

http://www.lifenews.com/2011/04/05/illinois-pharmacists-win-key-victory-on-morning-after-pill

Illinois Pharmacists Win Key Victory on Morning After Pill
by Steven Ertelt | Washington, DC | LifeNews.com | 4/5/11 7:00 PM

*** begin quote ***

The American Center for Law and Justice today secured a sweeping victory for pro-life pharmacy owners in Illinois after a legal battle lasting six years.

A state court in Illinois issued a decision striking down a state law that compels pharmacy owners to dispense Plan B and other forms of emergency contraception, even if doing so violates their religious or moral beliefs.

*** end quote ***

As a little L libertarian, I’m against any form of Gooferment compulsion. Personally, I’m pro-life. I think abortion, euthanasia, and the “death penalty” are wrong for numerous reasons on so many levels.

By the same token, I would not use the force of law to imprison women who make difficult choices. Nor would I punish the doctors who help them in their time of need.

I’m pro-choice on everything.

When we can place all the orphans in decent homes, even if those are orphanages, (I cite Dave Thomas as an exemplar.), then we can become more “interested” in preserving “life”.

The Gooferment has an interest in protecting the lives of people. There is a valid question as to when does life begin? Conception, third trimester, birth, when they can take care of themselves, Bar or Bat Mitzvah, 13, 18, 21, or when they can fight for their rights.

Essentially, it’s when we all agree it does. And, take action to make it so.

Everyone should always follow their conscience. If the Gooferment’s diktat conflict, that’s immoral.

# # # # #


RANT: The sleeze will steal the retirement money if they hit the debt ceiling

Monday, April 11, 2011

http://www.federaltimes.com/article/20110405/BENEFITS02/104050306/

Treasury may borrow federal retirement funds in debt emergency
By SEAN REILLY | Last Updated: April 5, 2011

*** begin quote ***

The government could temporarily tap tens of billions of dollars from two federal employee retirement programs if Congress fails to raise the federal debt ceiling next month, Treasury Secretary Timothy Geithner told lawmakers.

The government expects to hit a $14.3 trillion debt ceiling on May 16 or before, Geithner said in a Monday letter.

Geither implored Congress to extend the debt ceiling by that deadline and said that if Congress does not, Treasury will be forced to borrow money from the Civil Service Retirement and Disability Fund, and the Thrift Savings Plan’s Government Securities Investment Fund, or G Fund, both of which are invested in U.S. Treasury securities. Those two moves could free up $142 billion through early July.

*** end quote ***

Talk about brazen!

I’m not a fan of Gooferment workers, but stealing their retirement money. Someone should be in jail!

# # # # #


MEMORIES: Our Girl didn’t ALWAYS win

Monday, April 11, 2011

Our second trip to Vegas, we were “flush”, but not “loaded”, by any stretch of the imagination. We were there for a week. Arrive Saturday’ depart Sunday. And, for some reason, we didn’t “do the envelopes”. (Dumb! Our first trip Our Girl had enevelopes for everything — bfast, lunch, dinner, snack, am gambling, afternoon gambling, evening gambling, show#1, show#2, hotel tips, … you name it there was an envelope for it. I think she was afraid of being broke. We were on a very limited budget.) Now that we were “experienced” Vegas visitors.

Arrived on Saturday. “Broke” on Tuesday. She was crazed. Wanted to go home then.

(I wasn’t THAT upset. I had my emergency stash and I had opened a Las Vegas bank account during our first trip. I had visions of moving to Nevada. Obviously delusional as anyone who knew Our Girl would know.)

I convinced her to “reload”. We found and visited the local Merrill lynch office and got a cashiers’ check. Took it to “our” bank and cashed it.

The vacation continued. We had a great time.

The Saturday before we left, Our Girl tallied up where we stood dollar wise. We had won quite a bit. Enough to replace the “reload”. So she was relaxed and conffessed that she was scared when we did that. “I thought we’d lose everything.” I told her I wouldn’t let that happen.

Sunday morning we checked out and went to the Continental Hotel to have bfast and play a little. It’s literally right down the street from Avis. At bfast, I was playing keno. She took sheet marked some numbers and says “Can I play this?” I said: “Sure, give me a dollar.” She casually replies: “I have three singles left to gamble. Can I play three?” “Sure, you want different numbers for each dollar?” “No, just put it all on that ticket.” “That’s dumb, but it’s your money.”

(Anyone who knows Our Girl is laughing, they know where this is going!)

She watches the board. “To root in her numbers”. Out of the first 6 numbers, she gets 5! I’m going nuts. (I could have “conditioned the ticket” played it in “ways” to ensure she got a decent payday.) Were watching. 5/6 would be nice. 19 numbers other than her “51”.

(Yeah, you know!)

They draw the twentieth number.

It’s “51”.

She has an $8k winner. All total, since some of her numbers she picked, overlapped with mine, and I play “way tickets”, we have 11k$ in winners.

Do you know how long it takes for them to verify winners like that?

I leave her to cash; I go drop off the luggage and check us in. Return to the Continental Hotel, she’s just getting her cash.

Big Smile!

We drop the car at Avis. Run thru the old airport. Make the plane with about 20 minutes to spare. She gets a 20$ roll of dollars and plays the airport slot. Loses.

She’s upset all the way home. She lost that $20. She tells people that “she left Vegas a loser”.

She hated to lose.

… and, yes, her first priority was to repay the “reload”. Then she bought stuff for the kids. She was anything but a “loser” imho.

# # # # #


FLASH: U.S. soldier died in a non-hostile incident in northern Iraq

Sunday, April 10, 2011

http://original.antiwar.com/updates/2011/04/10/sunday-1-us-soldier-5-iraqis-killed-12-iraqis-wounded

Sunday: 1 US Soldier, 5 Iraqis Killed; 12 Iraqis Wounded

by Margaret Griffis, April 10, 2011

*** begin quote ***

At least five Iraqis were killed and 12 were wounded in light violence. Also, a U.S. soldier died in a non-hostile incident in northern Iraq.

*** end quote ***

Bring them all home now!

# # # # #


MEMORIES: I miss … Our Girl and my Scout

Sunday, April 10, 2011

201104101815.jpg

>so I’m thinking how many miles to the gallon did that monster get?

18 highway under 60mph. (Assuming of course you were were not in 4 wheel drive and had the “locking hubs” splines out. 4 wheel drive was for macho men in those days — you had to “lock in” the four hubs by hand and then shift the transfer case into 4 wheel high or 4 wheel low.) Ev used to have a hoot driving it. She was no ordinary woman — she understood the splines and had a nice touch with them. The Scout had springs but no shocks in the traditional sense to smooth the ride. Shocks as God intended them to be were only from the frame to the wheel to push the wheel to the pavement. Passengers were just a minor annoyance to International Harvester. Think John Deere on steroids. Good thing she knew how to drive a stick. You could also “lock out” all the wheels and tow it or run “power tools” off the take off — like an auger, a drill, or a power lift. :-) It was really a farm vehicle; I was planning to buy in Nevada, Vermont, or Maine. Life had other plans. :-(

# # # # #


RANT: The most murderous institution in human history; time for a new meme?

Sunday, April 10, 2011

http://www.lewrockwell.com/blog/lewrw/archives/84684.html

Oppose DC? You Must Hate Mankind

Posted by Thomas Woods on April 4, 2011 03:27 PM

*** begin quote ***

Would it have been wrong for the states to try to nullify the internment of the Japanese in the 1940s?

Was it wrong for Wisconsin, expressly citing the Kentucky Resolutions of 1798 and 1799 (which introduced nullification into the American political lexicon), to oppose the Fugitive Slave Act of 1850?

Is the federal war on drugs just A-OK, even though it’s been called the new Jim Crow, just because it happens to be carried out by our wise overlords in Washington rather than by the states?

Would it have been easier or more difficult for the totalitarian regimes of the 20th century to carry out their atrocities against vulnerable minorities (whether Jews or Ukrainian “kulaks” as the case may be) had those countries instead been loose confederations of states?

In other words, although states at all levels are capable of great enormities, why is the moral benefit of the doubt given to the most murderous institution in human history, instead of to those decentralizing forces that seek to limit its predatory behavior?

*** end quote ***

Why do we tolerate the Gooferment?

# # # # #