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Showing posts from February, 2013

Sprouts Farmers Market salutes the Federal Reserve

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Gas: up 1729%, or 3.3% annualized.
Cars: up 1936%, or 4.9% annualized.
Disneyland: up 22,757%, or 10% annualized.
Milk: up 292%, or 2.6% annualized.
Stamps: up 463%, or 4.2% annualized.

Note that almost all of this inflation was before the era of Obama trillion-dollar deficits and Zimbabwe Ben monetization of same. That is, the forward inflation could be a lot higher than the past inflation we see here.

You're still keeping a portion of your long-term savings in cash or bonds? Why?

Why not to take firearms advice from Joe Biden

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Life in a free country

A surprisingly unsurprising tale of how the Department of Homeland Security treats Americans and their property, from the founder of TechCrunch:
The Department of Homeland Security Stole my Boat Today.

LA Times reporter John Glionna takes stupid to a whole new level

You may have heard there was a shooting and car crash that left three people dead on the Las Vegas Strip early Thursday.  Leave it to the LA Times, via reporter John M. Glionna, to unleash its own fiery wreck of politics and misinformation.
From its first story:
Paul Pillat witnessed the incident. For seven years, Pillat, whose nickname is "Tumbleweed," has lived on the streets of Vegas. His regular haunt is the intersection where the crash occurred. ...
Pillat said he had come to expect violence on the Strip. "It's the Wild West here. People don't understand. They think it is fun and games. It's not. It's dangerous," he said.Okay, that's an interesting assessment.  Get a bum's opinion.  Never mind the statistics, or the objective fact that the Las Vegas Strip is one of the most surveilled, heavily policed metropolitan areas in the world.
At the news conference, [Sheriff] Gillespie emphasized that the city remained safe. "I've been as…

Gordon Sumner meets Glenn Hubbard

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Now this is chocolate and peanut butter:
For those interested here is the real life Glenn from the movie Inside Job showing us what a tough guy he'll be when/if he takes over for ZB:

Not quite like chocolate and peanut butter

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... bad toupees and HDTV.

Happy Gerard Finneran Day!

This Monday, as you're hitting the slopes or otherwise enjoying the three-day weekend, please remember the man behind the holiday: Gerard Finneran.

Gerard Finneran was born February 16, 1937. Truly a renaissance man, Finneran was a multi-sport athlete who went on to an extraordinarily successful career in banking. The details of Finneran's long and storied career are chronicled here in a 2005 obituary. But he will always be remembered for that one, shining moment. A quarterback for the Air Force Academy, Finneran would come to be known for a far greater feat in the air.
... on a flight back from Buenos Aires to New York, Mr. Finneran had a bit too much to drink.

He drank snowballs and other cocktails, starting before take-off and continuing until a flight attendant decided that it would not be appropriate to serve him any more. He assaulted her, then then started shouting "Fuck the President, fuck him in the ass" while serving himself from the trolley. (History does …

Spaceballs

NASA to chronicle near-miss asteroid fly-by.

... which reminds me: have you watched Melancholia yet?

The New York Times deceives?? Say it ain't so...

So technically challenged John Broder wrote a scathing review of one of Tesla's cars for the New York Times here. He claims all sorts of things which Tesla responds to here with data. Hilarity ensues.

Tesla's rebuttal to the article was basically that Broder lied. Tesla shows the log files illustrating that the claims Broder made were false. Imagine that, a newspaper guy not realizing that technology is everywhere, cars log everything now, and someone as sharp as Musk is not going to be played the fool.

The New York Times - America's leading propaganda outlet, nothing more

Soccer Racism Solution?

Not on our list of usual topics here but something that does exemplify the flaws of liberal solutions: solving racism in world soccer.

For those that aren't aware there are many folks in many stadiums throughout Europe who when a black player touches the ball they start shouting monkey chants. Completely infantile and moronic but it really pisses a lot of black players off to the point that they even just get up and leave the field. For example the monkey chants were so horrific, so evil that Ghanian midfielder Kevin Prince Boateng of AC Milan kicked the ball into the stands and the walked off the field with his team in tow here. HAH! Have that evil racists!

Sensing a little bit of snarkiness in my narrative? Oh, it's there. Why? Because the best way to treat ignorant, neanderthal racists, who as a Constitutionalist I do support their right to vocalize monkey chants, is to not react at all and instead do what New Jersey born American Jozy Altidore did while playing …

Zimbabwe Ben comes for your liquor

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We've pointed out the package shrinkery trick that food sellers have used to hide price inflation, but this is ridiculous.

Maker's Mark watering down its bourbon by 6.7%.

That's amazing for a premium brand like Maker's Mark to feel the need to reduce quality.  They must believe consumers have hit their limit on what they can pay for a bottle of bourbon, so price increases are out of the question.  Meanwhile, grain, energy, and labor inputs aren't getting any cheaper.

May Zimbabwe Ben be forever remembered as the face of New Maker's Mark just as Bill Cosby was the face of New Coke.




UPDATE: Maker's Mark backtracks faster than New Coke.

AIG Commercial

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Conan played a tragically funny new AIG commercial that I think hits home on the surface of the bailout abomination. Of course if Conan had really wanted to portray it accurately we would have seen Jamie Dimon, Lloyd Blankfein, Timmy Tax Cheat and The Bernank saying the same thing regarding AIG's bailout: Go F#$@ Yourself America.

..

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CNBC's Brian Sullivan is a blithering idiot

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For someone who has spent years covering stocks and financial markets, this guy is completely clueless about some really basic stock fundamentals.  He doesn't know the difference between market price and a balance sheet.

Take a look beginning about 1:15 of this video.

Sullivan: "Three-fourths of the stock price is effectively cash or short-term investments... you're paying for about 25% of the business is [sic] the stock price.  That's why we look at cash," he knowingly lectures CNBC viewers.

He's referring to this statistic compiled by CNBC gofers:



Yes, cash is 75.1% of total assets for Priceline.  That just means, like a lot of internet companies, they don't have a whole lot of physical assets like factories, retail stores, and inventory.  Duh.  It has absolutely nothing whatsoever to do with the stock price.  The stock price, in fact, is around $690, giving Priceline a market cap of about $35 billion.  That's seven times the $5 billion in cash and …

LAPD goes full paranoid rage; starts shooting citizens for driving the wrong kind of truck

In two separate incidents, pants-wetting LAPD officers have now shot at innocent people for driving trucks that resemble the vehicle of the killer the cops are the target of.

In the first, the police shot two reportedly elderly Asian women delivering newspapers.  Because obviously they looked exactly like a giant lone bald black man.

In the second shooting in Torrance, no one was injured.

It's time to disarm the police.  Only civilians can be trusted with guns.

LA Times

LA Times

Psycho cop Christopher Jordan Dorner's manifesto

Only the police should have guns, you know.

The shocking double murder of a young couple in Irvine turns out to have been suspectedly committed by a disgruntled former LAPD cop.  The female victim is apparently the daughter of an official somehow involved in the suspect's firing from LAPD.

Oh, yeah.  He's still on the loose, armed to the teeth, batshit insane, and angry as hell.

UPDATE: Randal Quan, the victim's father, acted as Dorner's legal representation during his termination hearing.  And here is the origin of the firing:

According to documents from a court of appeals hearing in October 2011, Dorner was fired from the LAPD after he made a complaint against his field training officer, Sgt. Teresa Evans, saying in the course of arrest she kicked suspect Christopher Gettler, a schizophrenic with severe dementia.

Dorner denied the allegations, KCBS says.

Following an investigation, Dorner was fired for making false statements.
Richard Gettler, the schizophrenic m…

California school district builds brand new high school it doesn't need and can't afford

San Diego Union-Tribune:
A number of teachers and parents are asking the Carlsbad Unified School District to delay the planned August opening of Sage Creek High School, arguing that it will strain resources and isn’t needed at this time.

“This new high school is just going to be a ruination of the district,” said Sheila DeKosky, a Carlsbad High teacher who created the website www.delaysagecreek.com last month.

[...]

Moors and board President Elisa Williamson said the district’s plan to open Sage Creek follows through with the commitment it made to build a second school when voters passed the $198 million Proposition P bond initiative in 2006.

But DeKosky — along with several people who have spoken to the board and posted comments on her site and a Facebook page — argue that the new school is unnecessary and too costly to open at this time.

“Most of us are all for a new high school when and if we need it, and when we can afford it,” she said. “But we are certainly not in that situation…

Greenspan's Body Count: Phillip Marshall, Alex Marshall, Macaila Marshall

or, the Celebrated Murdering Maestro of Calaveras County.

Calaveras County is in the California gold country in the foothills of the Sierra Nevada mountains.  It was made famous in the Mark Twain short story The Celebrated Jumping Frog of Calaveras County.

It was not the 19th century gold rush, but the 21st century real estate rush, that brought us today's tragic tale.

The Calaveras County Sheriff's Office has identified the three people killed in the suspected murder suicide in Murphys.

The body of 54-year-old Phillip Marshall, and his two juvenile children, were found inside their home in the Forest Meadows subdivision yesterday afternoon. All three died from gunshot wounds to the head. The children were 17-year-old Alex Marshall and 14-year-old Macaila Marshall, both students at Bret Harte High School. The family dog was also found dead. The Sheriff's Office believes that Phillip shot his children, and then turned the gun on himself. Phillip's estranged wife, …