7.28.2017

Greenspan's Body Count: Glenn Scarpelli and Patricia Scarpelli

The bony fingers of Alan Greenspan still leave fingerprints at crime scenes, long after the notorious serial killer has faded from the headlines.

Daily Mail:
The couple who jumped to their deaths from a 17-story New York City office building Friday morning, after struggling with debt, have been identified.

Chiropractor Glenn Scarpelli and his wife Patricia, ages 53 and 50, are the victims in the early morning suicide.

[...]

Glenn Scarpelli had been pursued in federal court over failing to pay back a federal loan issued in 2000 for advanced medical education in 2013, having failed to make most payments over the course of more than a decade.

Public records showed that Glenn owed about $213,000 to the federal government and nearly $42,000 to the state in unpaid taxes dating back to 2003.
Greenspan's Body Count stands at 261.

HT: IP Freely



7.14.2017

Despite huge Trump rally, CalPERS' long-term returns get even worse

Until last year, CalPERS used to brag about its distant past returns from the tech bubble and the housing bubble as evidence that its return assumptions weren't crazy.

Today CalPERS is boasting about "smart investing and strong oversight" for having a single good year, thanks to the Trump rally, after decades of underperformance.

But despite this year's 11.2% return, CalPERS' long-term returns are still getting worse, because the 10- and 20-year records are now rolling off huge returns from the 90's and 2000's tech and housing bubbles.


  20-year return 15-year return 10-year return 5-year return 3-year return

6.08% 6.35% 3.39% 8.82% 4.64%

Despite having failed to earn 7% over the past decades, CalPERS still makes taxpayers guarantee 7% in perpetuity to government retirees, in addition to having to pay hundreds of billions for CalPERS' past failures.



6.27.2017

Mockumentaries, Mockureality.....Mockunews???

One of the greatest rock movies of all time is This is Spinal Tap. The trio of Michael McKean, Christopher Guest, and Harry Shearer made up the fake band Spinal Tap. They really struck a chord with rockers because the film is so close to reality, as you can see in this blurb:

This is Spinal Tap was the first in a series of brilliant "mockumentaries" by Christopher Guest including Waiting for Guffman, Best in Show and A Mighty Wind. They all are fake documentaries and very much mimic reality according to those who participate in the activities being lampooned.

I haven't found a connection or any credits yet, but I ask, is Christopher Guest now consulting for CNN? It appears that they are truly a "mockunews" organization. They care little for the tenets of free press as illustrated here at Zerohedge. The CNN producer had this exchange with a real journalist from Project Veritas:
PV Journalist: Why is CNN constantly like "Russia this, Russia that?"

Bonifield: Because it's ratings. Our ratings are incredible right now.

My boss, I shouldn't say this, my boss yesterday we were having a discussion about this dental shoot and he was like I just want you to know what we're up against here. Just to give you some context, President Trump pulled out of the climate accords. For a day and a half we covered the climate accords. And the CEO of CNN [Jeff Zucker] said in our internal meeting, he said good job everybody covering the climate accords, but we're done with it. Let's get back to Russia.

But all the nice cutesy little ethics that used to get talked about in journalism school, you're just like, that's adorable. That's adorable. This is a business.


Ethics in journalism is adorable?!? Is CNN the next brilliant step in the mocku-entertainment movement? Zerohedge states it well in their opening line in another post on this topic:

Last week, CNN's "anonymous sources" finally came home to roost when the entertainment channel was forced to retract one of its "bombshell" Russian collusion stories, when it was apparently revealed that the whole thing was nothing more than CNN's latest, anonymously-sourced fake news debacle.

I am at loss to name my favorite mocku-entertainment character. Is it Nigel Tufnel, Gerry Fleck, or Wolf Blitzer???

6.19.2017

From the Bowels of the Puget Sound

This video of snowflake students at Evergeen State College is some kind of crazy.  And my goodness is Dr. George Bridges, the college president, the opposite of a leader. 

I'd just like to ask the logically challenged snowflakes at Evergreen State what happens when their right to freedom of speech is taken away?
This is a really, really well stated rebuttal to the morons at Evergreen State:

6.07.2017

Survivor bias at work

Ever notice how some mutual fund companies have surprisingly good performance in most or all of their mutual funds?

Here's how it's done.



Janus Fund? What's that? Never heard of it!

Janus Twenty? Sorry, can't help ya.




It's different this time

No, really. It is.