2.26.2013

Sprouts Farmers Market salutes the Federal Reserve



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

2.25.2013

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:

2.22.2013

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 asked whether the Las Vegas Strip is safe: Yes, it is," he said. "As you know, there are no absolutes when it comes to people's behavior."

Still, the shooting hit a city that has embraced guns and lawlessness as a way of business. Settled by organized crime members, downtown Las Vegas has its own Mob Museum. The Strip and surrounding freeways are littered with billboards advertising galleries where customers can fire AK-47s and other high-powered weapons. (Emphasis ours.)
So here, we give the sheriff's response, and undermine it with vapid, off-base political commentary.  There is zero link between the city's gun ranges and this crime (apparently a fight between California gangsta thugs); and anyone who thinks the city of Las Vegas "has embraced lawlessness" has surely not spent much time here.  (Note: I live in Las Vegas and most days frequent the Strip.)  But nothing is too much a stretch to get in a plug for gun control, it would seem.

It gets worse.  In the next story from the same reporter, we open with the sad tale of the deceased:
One of the victims in a spectacular predawn shooting and crash on the Las Vegas Strip has been identified as Kenneth Cherry Jr., an aspiring rapper known as Kenny Clutch.

His attorney, Vicki Greco, said his death was shocking. "Out of everyone I know in the rapping industry, there is no way I would have ever, ever expected to find that he was shot on the Las Vegas Strip in such an aggressive manner," Greco said.

"He didn't have a [criminal] record or a history. He was just a good kid trying to make it and be a good father." Cherry had two children, she said.
Does John Glionna pause to wonder why this "aspiring rapper" drove a Maserati and had a criminal defense attorney in his employ?  Perhaps she does PR on the side?

We don't learn until the end of the article that:
Cherry had several arrests in Oakland and Berkeley, many for gun charges. He was convicted on a gun charge in 2007, stemming from an arrest in Berkeley, sources told the Tribune, although details on that conviction weren't immediately available.
Now this is a head scratcher.  If you have this information, why would you spin this as an innocent victim story, and publish the transparent lies of his attorney in the top half of the article?

I happen to have heard on good authority some details of that particular attorney-client relationship, and a reporter worth his wages might find some good stuff there.  Suffice it to say, that reporter probably doesn't work at the L.A. Times.



2.20.2013

Gordon Sumner meets Glenn Hubbard

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:

2.16.2013

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 not record whether he meant the President of Argentina or the President of the United States.)

Moments later, Finneran made the decision that entered his name in the annals of history.

He dropped his pants, pulled off his underwear, and took a shit on a service cart. When he had finished his business, he used linen napkins as toilet paper and wiped his hands on various work surfaces in the galley, smearing faeces throughout the first class cabin.

Gerard Finneran, we salute you.

Why does America keep winning?

X : Yes. But also, America's abundance of natural resources and history of fortuitous developments kinda seems like God shed His grace o...