Monday, March 23, 2009

Monday

This is the scene of Lance's problem today. He literally fell victim to cycling's Rule #1: if you ride, you will eventually fall. My guess is that he could be out until the TdF, if then. They say 4-6 weeks for a separated shoulder/broken clavicle, but the guy is 37+, and recovery will be difficult.

The bulls came out and ran hard today on Wall Street. I'm thinking that there was a lot of pent-up buying preference, and the toxic debt proposal was a good excuse to buy. Like the AIG bonus circus last week, nobody is even close to sure as to whether the debt plan will work, but it comes under the old coach's plea to his troops, "Lead, follow, or get out of the way. Just do something." Geithner may have listened. I haven't bought in at this point.

They're talking flooding again in Fargo, ND. (A different Red River than the one in the Red River shoot-out in Dallas each year.) There was a huge flood up there in 1997, and a big Spring thaw has the region worried. (In our area, it's hard to fathom a river running North.) I'm thinking that living far away and on high ground would be my response.

The local small college and high school teams have begun their Spring sports. Softball, baseball, track, and who knows what else. You really have to be dedicated to handle the weather around here for these activities. Chill, rain, wind. You name it. My hands still sting from some of those foul balls from my ND days.

Hope everyone has a great day.

BCOT

2 comments:

Anonymous said...

I clearly take a lot of issue with the AIG bonus 'scandal'. From what I've heard, the company paid out bonuses they were contractually obligated to pay. Here are the main takeaways for me. 1.) NOT paying would likely have led to a lengthy, expensive legal battle, squandering even MORE taxpayer money. 2.) The millions in question are less than a tenth of a percent of the money paid out to AIG. Bigger picture, anyone? 3.) These guys are in the highest tax bracket. Even without this newly-implemented bailout tax, 40% of this money is going back to the government.

It's bad enough that the media is fueling this fire of public sentiment against wall street, but our president plays right into the media's story. Seizing another opportunity to pass the proverbial buck, Obama appears on Leno to reassure Joe Taxpayer that his money will not be padding the pockets of the evil Wall Street investment banker. For the love, he is the President, not a Celebutant. Does the man have nothing better do do than make appearances on popular nighttime talk shows - say, run the free world? I suggest Obama bear in mind that regardless of how much pandering he does to blue-collar workers in the swing states, if he is incapable of bringing about some sort of economic recovery in the next three years, people are going to be looking for more 'change'.

Anonymous said...

Sadly, most of the free world doesn't understand points 1, 2, or 3. But they do watch late night. Clearly the entire free world isn't going to tune into the cable news shows, but they will listen to Leno crack a few jokes after a long day.