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Showing posts with label Leisure and Travel. Show all posts
Showing posts with label Leisure and Travel. Show all posts

Tuesday, January 29, 2013

4K Television Broadcasts Coming By 2025 Or Not

SEARCH BLOG: TELEVISION.

We've just gotten used to 4G for cell phones.  The next upgrade may come in the form of 4K broadcasting.  4K is roughly 4 times the resolution of a Blu-ray DVD.

Look for it sometime in the 2nd quarter of this century.  Meanwhile...

Japan to broadcast in 4K starting in 2014.

We could have it sooner, but that would mean your monthly cable bill would go up 100% or so.   And some people think that it is just not worth it.

Why Ultra HD 4K TVs are still stupid.

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Friday, January 04, 2013

The U.S. Is The Umpire In An Abbot And Costello Middle East Baseball Game

SEARCH BLOG: MIDDLE EAST.

When one reads about the infighting and cross-country fighting in the Middle East, one can only conclude that it can be explained as something similar to this.


The Syrians and Egyptians attack themselves, the Turks support Hamas who attacks Israel who is an ally of the U.S. who sends troops to Turkey to man missile defense systems against Syria who supports Hezbollah who has strong ties to Hamas.

I don't know.
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Sunday, December 23, 2012

Merry Christmas And Happy Eating

SEARCH BLOG: CHRISTMAS.

We hope that Christmas and the New Year brings you love and happiness.  And if you feel ambitious, you can try this old recipe for our family's favorite dessert.


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Sunday, December 09, 2012

Johnny Manziel Wins Heisman Trophy

SEARCH BLOG: FOOTBALL.

Johnny Manziel was voted as the Heisman Trophy winner for 2012.  He is an impressive young man who appears to be years more mature than a freshman at Texas A&M.

Quite an accomplishment.  The first freshman ever to win the trophy.

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Wednesday, December 05, 2012

Bret Bielema Makes Horrendous Mistake

SEARCH BLOG: FOOTBALL.

From Yahoo Sports:

Bret Bielema leaves Wisconsin for Arkansas.

Wisconsin went from a 2nd tier football program to among the best under Barry Alvarez who is now Wisconsin's athletic director.  Bret Bielema carried on with that level of excellence as the replacement coach as he followed Alvarez' formula for football success.
A person familiar with the situation, who spoke on the condition of anonymity because the information hasn't been released publicly, says the deal is for six years and $3.2 million annually.
Financially, Bielema will do quite well.  But his reputation as a winning coach will suffer at Arkansas as he competes against Alabama, Florida, LSU, South Carolina, and Georgia.  He will be frustrated when he realizes that he cannot recruit the necessary talent to go to Fayetteville.  John L. Smith left Michigan State and found that out quickly.  Of course, Smith was of questionable talent at MSU.

Bielema will leave Arkansas a wealthy, but unhappy man.  Wisconsin's campus is a great place and the fans are fanatics.  Arkansas will have Walmart, however.
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Sunday, November 18, 2012

Luck O' The Irish

SEARCH BLOG: FOOTBALL.

Sometimes it's what you don't do that makes the difference.  If you don't play the hardest schedule in football and you don't lose... and the teams that are competing against you for the goal of being number one in the polls pound on each other....

That left room for Notre Dame to move to the top... which will probably be the case.

Prediction: Alabama 31; Notre Dame 7.


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Saturday, October 20, 2012

The Reason Mitt Romney Is More Qualified To Lead The U.S. To Economic Prosperity

SEARCH BLOG: POLITICS.

You can debate all of the fine points about whether a one-term senator is more qualified than a one-term governor to be President of the United States, but the real test is how a president fills his time during times of the country's economic distress.

President Obama:

  • Played 104 rounds of golf through the beginning of September, 2012 [for 43 months in office through the end of August, that's about 2-1/2 rounds per month or about a 1-1/2 working days per month or about 65 working days in total].
Governor Romney:
  • What do Lady Gaga, LeBron James and Mitt Romney have in common? They don't play golf -- but they should!
Well, as a person who plays golf [occasionally I play flog], I can sympathize with President Obama's attraction to the game.  But it shouldn't come at the expense of going to security briefings or meeting with his jobs council.  But at least President Obama is concerned enough to spend time defending women's rights to be members of private golf clubs... and women's votes are important, too.

You know, now that I think about it... maybe golf should have a lower priority for President Obama than it does.  Hmmm.  One less distraction for Governor Romney.  Could be something in that.

2012 IS HERE

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Saturday, September 15, 2012

A Short Trip To Wisconsin

SEARCH BLOG: VACATIONS

It's been a few years since I've been to Wisconsin... an overall beautiful state.  We had a chance to see some old friends and travel through some idyllic towns and farmland.  If you have the opportunity to visit this state, there are a number of nice places to see, but two gems are Lake Geneva and Oconomowoc.  Beautiful grand homes and grounds along blue lakes make you simply want to get out of your car and walk around.

Later today, we'll have our reunion along the shores of Lake Michigan in Milwaukee.  It's' a city that has grown and changed over the decades.  Like all major cities, it has its warts, but it has a lot of good points, too.  Still, given a choice, I'd not hesitate to take the calm beauty of those smaller towns.

2012 IS HERE

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Thursday, September 13, 2012

Travel Break

SEARCH BLOG: TRAVEL

We've done some traveling this year.  Two three-week trips to San Francisco and a 10-day trip to St. Augustine.  This one is shorter... 4 days to Wisconsin for a class reunion.  We were not really all that enthusiastic about going, but we have some family and friends in the area so this is a good excuse for the trip.  Without them, we would have passed on the reunion.

We haven't attended any previous reunions for a variety of reasons.  I'm sure it will be interesting to see all of those old people... especially since I've hardly changed at all.  Hey, I can still get into my Air Force uniform and am barely over my college wrestling weight.  Yeah, the hair is thinner and the face has some weathering lines and I creak sometimes in the morning... and maybe some of the weight has shifted.  But I've hardly changed at all.  No, I don't intend to have a wresting match for old times sake.

My wife, of course, will be the most beautiful one there.  No, really, I didn't have to say that.

Anyway, posting will be sparse for a few days.

2012 IS HERE

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Sunday, September 02, 2012

Labor Day, Labor, Labor Unions, And Shovel Ready Jobs

SEARCH BLOG: LABOR DAY

This Labor Day weekend, the U.S. is in its fourth year of its "labor recovery" holiday.  While some aspects of the economy have shown modest improvement, the first-term legacy of Barack Obama has been one of high unemployment and tepid prospects for the future.


Labor is sometimes a term used to describe difficult physical or manual work... digging ditches, assembly line jobs, watching Michigan play Alabama... but it is more broadly applied to any endeavor not related to relaxation and recreation.  It is work.  Still, Labor Day had its roots as a holiday for the "working class" or "blue collar workers."

Labor unions came about to represent workers in industry for obtaining better working conditions and better wages.  Times have changed and businesses have responded to the adversarial situation between themselves and labor unions by locating their factories in "right to work" states... states where union membership is not mandatory... and providing pay and benefits at least equal to what unions have been able to negotiate without taking on the burden of dealing with a union and restrictive work rules.

In response to that, labor unions are now trying to have state constitutions rewritten so that public service employees are no longer subject to binding arbitration.  In Michigan, a new ballot proposal would result in no effective way for Michigan to deal with public labor issues.

As a prelude to this lopsided public union grab for power, the Service Employees International Union struck a sweet deal with former Michigan governor, Jennifer Granholm, to "represent" all home health care workers that received payment from the State of Michigan for providing home health care services.  This deal, in effect, has skimmed almost $32 million from these providers for absolutely no benefit or representation... and continue to do so even after the current governor outlawed the practice.

Wisconsin has already provided an example of what happens when taxpayers say "enough."  Then the pendulum swings so far in the other direction that public union employees are economically hung out to dry.

This could ultimately be the fate for public service employees in Michigan and, perhaps, the federal government will have to step in with more "shovel ready jobs" to overcome the impact of another taxpayer backlash ... specifically for Michigan.  Nothing like some brisk work to get the old body's juices flowing, eh?


Happy Labor Day!

2012 IS HERE

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Sunday, August 12, 2012

Worst Olympic Closing Ceremony Ever?

SEARCH BLOG: SPORTS

Just thinking aloud, but it seemed that the mish-mash called a closing ceremony was not much more entertaining to most viewers than watching an evening at a night club with some people trying to appear relevant and cool.  Three generations in this house agree,

2012 IS HERE

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Monday, July 16, 2012

If You Can't Take The Heat Get Out Of Florida

SEARCH BLOG: TRAVEL

Last night, we got back from a very enjoyable and very hot week in Florida for my wife's family reunion.  We were near Jacksonville on the ocean and had a large house rented for part of the family and hotel rooms and a condo for others.  There were 40 or 50 of us all together.  Surprisingly, everything went quite well, including an hour sail on a double-masted schooner out of St. Augustine.

I'm not one for hot, humid July in Florida.  Anything one block from the beach is too far.  So, when I took my wife's 87-year old uncle golfing for three days in a row, I pretty much had my fill of steam bath golf.  I preferred the breeze from the ocean blowing over me while I floated around in the pool.  With the temperatures in the mid-to-upper 90s and the humidity at 75% and the UV reading at 11 on a scale of 1 to 10, even the beach was too much during the day.  But in the evening, everything took on a different perspective.


My fondest memory of the beach was the evening a group of us went for  a cool walk at dusk.  There was still a pretty good breeze and the temperature was down to around 80°.  So off we tromped in our bare feet for about 1/3 mile.  It wasn't until we returned that I noticed how my feet felt a little abraded.  The "sand" was actual a beach made up of pulverized shells.  If you stood in the water as the waves came in, the water action would excavate the shells from right out under your feet and you would start sinking.  It was unique, but not as gentle on the skin as the fine, white sand you would normally find on a Florida beach.


Our return trip to Michigan was met with lower temperatures through Virginia, West Virginia and most of Ohio.  Then we got near Michigan and the temperatures soared to the mid-90s.  As we filled the car with gas back in our town, I noticed that the mid-90s at 45% humidity was a lot more bearable than at 75%.  I'll have to keep that in mind the next time I'm inclined to complain about a hot spell here.

2012 IS HERE

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Wednesday, July 04, 2012

Independence Day 2012

SEARCH BLOG: HOLIDAYS and GOVERNMENT

This is the fifth year I have posted this.  Some of these issues seem startlingly contemporary.


Before you read the Declaration of Independence below, read what can happen if we forget the reason for this Declaration and the Constitution that followed.

Austria:1938



If it sounds disturbingly familiar, you should be concerned.

Caution: This document contains politically incorrect material and may be subject to neglect and condemnation by members of the ruling elite.
IN CONGRESS, JULY 4, 1776
The unanimous Declaration of the thirteen united States of America
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation. 
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world. 
He has refused his Assent to Laws, the most wholesome and necessary for the public good. 
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them. 
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only. 
He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their Public Records, for the sole purpose of fatiguing them into compliance with his measures. 
He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people. 
He has refused for a long time, after such dissolutions, to cause others to be elected, whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within. 
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands. 
He has obstructed the Administration of Justice by refusing his Assent to Laws for establishing Judiciary Powers. 
He has made Judges dependent on his Will alone for the tenure of their offices, and the amount and payment of their salaries. 
He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance. 
He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures. 
He has affected to render the Military independent of and superior to the Civil Power. 
He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation: 
For quartering large bodies of armed troops among us: 
For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States: 
For cutting off our Trade with all parts of the world: 
For imposing Taxes on us without our Consent: 
For depriving us in many cases, of the benefit of Trial by Jury: 
For transporting us beyond Seas to be tried for pretended offences: 
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies: 
For taking away our Charters, abolishing our most valuable Laws and altering fundamentally the Forms of our Governments: 
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever. 
He has abdicated Government here, by declaring us out of his Protection and waging War against us. 
He has plundered our seas, ravaged our coasts, burnt our towns, and destroyed the lives of our people. 
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation. 
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.
He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions. 
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. 
Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends. 
We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these united Colonies are, and of Right ought to be Free and Independent States, that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. — And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor. 



2012 IS HERE

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Saturday, June 30, 2012

Independence Day Travel With A Free GPS Navigation Device

SEARCH BLOG: HOLIDAYS

If you are traveling for the 4th or anytime this summer and don't have a GPS unit like Garmin or Tom-Tom, here is something that rivals those that you can get at no cost and works great on your smart phone.  I've been using it for quite awhile on my iPhone and it keeps getting better.  On a recent trip to San Francisco, it routed me all over the city and avoided traffic problems with ease.

I found that by applying a Velcro strip on the dashboard where the phone could be seen and then placing a strip on the back of the phone... or getting an inexpensive plastic case from the Apple store on which the other piece of Velcro can be attached, you have an effective navigation screen.  This app also has voice directions and is very good at prompting for turns.  I found that keeping the phone plugged into the car's power port/cigarette lighter is a good idea since the phone uses quite a bit of power to run this app.

Happy traveling.

2012 IS HERE

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Wednesday, June 27, 2012

New NCAA Football Playoffs

SEARCH BLOG: FOOTBALL

The NCAA announced that starting in 2014 there will be a four team playoff for the national championship.

Many college football fans have been clamoring for a playoff for years, and the BCS has been a constant target for criticism. Lawmakers have railed against it. A political action committee was formed, dedicated to its destruction. The Justice Department looked into whether it broke antitrust laws. Even President Obama said he wanted a playoff. 
Now it's a reality. 
No. 1 will play No. 4, and No. 2 will play No. 3 on Dec. 31 and/or Jan. 1. The sites of those games will rotate among the four current BCS bowls - Rose, Orange, Fiesta and Sugar - and two more to be determined. One of the new sites will likely be wherever the newly formed bowl created by the SEC and Big 12 is played, Slive said. 
... 
There are still some details to work out - such as who will be on the committee and what new bowls will be involved in the semifinal rotation - but all the decision-makers are on board. [source]
I'd like to see a graphic of the system.  Back in January, I posted this:
SATURDAY, JANUARY 07, 2012 
Bowled Over 

2012 IS HERE

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Monday, June 25, 2012

Summer Is Boring

SEARCH BLOG: LEISURE

Summer is boring.  The NBA Finals are over; golf's U.S. Open is over, baseball... who cares?  Sure, the weather is great and the outdoor grill gets a workout.  Yes, the water in the lake is refreshing on a hot day.  Okay, fireworks go off every night since they were legalized in Michigan.  And the kids seem to have more energy and less colds.  But summer is boring in the world.  Nothing happens; everyone goes on vacation.

True, the Supreme Court is expected to rule on Obamacare soon... but they haven't.  Congress may hold U.S. Attorney General Eric Holder in contempt of Congress... but they haven't.  Egypt's Islamists have won a victory in the presidential elections and may turn against Israel... but they haven't.  Europe may address its economic problems and prevent problems in other economies... but they haven't.  President Obama may become serious about his job and quit blaming George Bush... but he hasn't.

I told you; summer is boring.

2012 IS HERE

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Thursday, June 21, 2012

Welcome Summer

SEARCH BLOG: WEATHER

The summer solstice was officially yesterday, June 20.  Here in Michigan, we marked the occasion with temperatures in the low 90s.  After 3 weeks in California, I marked the occasion by giving our garden a soaking that it needed.

Summer is our busy season with a lot of traveling and a lot of visitors.  We'll cover over 6,000 miles in trips and have family come in from Florida to California.  It's when we cram in as much activity as the sunlight will allow.  Last night, we docked the boat at sunset... a spectacular red sunset.

For those of you who have the opportunity to visit Michigan, do so in the summer.  As we flew over the U.S. from California, I marveled at how lush it is in the summer and how many lakes Michigan has compared to most of the U.S.  It doesn't have mountains... but nice rolling hills... and it doesn't have an ocean... but coastlines on 4 Great Lakes.  [image]

Too many people think of "Detroit" when they think of Michigan.  Yeah, there is that.  But  that's only 140 square miles of Michigan's total 96,810 square miles... 11th largest state.

If this sounds like an advertisement, it certainly could be construed that way.  But it really is about the feeling you get from looking out at the water, the green trees and plentiful wildlife [although the Canadian geese on our lawn irritate me].  And it is a summer paradise for golfers.  Michigan is a great place to be when the sun shines the longest.

2012 IS HERE

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Friday, June 15, 2012

Amateur Beau Hossler Leads U.S. Open Golf

SEARCH BLOG: GOLF


Something you don't see too often... an amateur leading the U.S. Open.  He may not win, but he'll play on the weekend which is also quite an achievement for a 17-year old.  I'm about 2-3 miles from the tournament, but visiting grandchildren so my viewing is at the screen.

UPDATE:
His lead did not last for long as he had an errant tee shot and double bogey, but he is still only 4 shots off the lead and tied for 10th.  Quite and achievement for his age.  Now the weekend comes and the hard stuff.

2012 IS HERE

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Use the SEARCH BLOG feature at the upper left. For example, try "Global Warming".

You can also use the "LABELS" below or at the end of each post to find related posts.

Blog Archive

Cost of Gasoline - Enter Your Zipcode or Click on Map

CO2 Cap and Trade

There is always an easy solution to every human problem—neat, plausible, and wrong.
Henry Louis Mencken (1880–1956)
“The Divine Afflatus,” A Mencken Chrestomathy, chapter 25, p. 443 (1949)
... and one could add "not all human problems really are."
It was beautiful and simple, as truly great swindles are.
- O. Henry
... The Government is on course for an embarrassing showdown with the European Union, business groups and environmental charities after refusing to guarantee that billions of pounds of revenue it stands to earn from carbon-permit trading will be spent on combating climate change.
The Independent (UK)

Tracking Interest Rates

Tracking Interest Rates

FEDERAL RESERVE & HOUSING

SEARCH BLOG: FEDERAL RESERVE for full versions... or use the Blog Archive pulldown menu.

February 3, 2006
Go back to 1999-2000 and see what the Fed did. They are following the same pattern for 2005-06. If it ain't broke, the Fed will fix it... and good!
August 29, 2006 The Federal Reserve always acts on old information... and is the only cause of U.S. recessions.
December 5, 2006 Last spring I wrote about what I saw to be a sharp downturn in the economy in the "rustbelt" states, particularly Michigan.
March 28, 2007
The Federal Reserve sees no need to cut interest rates in the light of adverse recent economic data, Ben Bernanke said on Wednesday.
The Fed chairman said ”to date, the incoming data have supported the view that the current stance of policy is likely to foster sustainable economic growth and a gradual ebbing in core inflation”.

July 21, 2007 My guess is that if there is an interest rate change, a cut is more likely than an increase. The key variables to be watching at this point are real estate prices and the inventory of unsold homes.
August 11, 2007 I suspect that within 6 months the Federal Reserve will be forced to lower interest rates before housing becomes a black hole.
September 11, 2007 It only means that the overall process has flaws guaranteeing it will be slow in responding to changes in the economy... and tend to over-react as a result.
September 18, 2007 I think a 4% rate is really what is needed to turn the economy back on the right course. The rate may not get there, but more cuts will be needed with employment rates down and foreclosure rates up.
October 25, 2007 How long will it be before I will be able to write: "The Federal Reserve lowered its lending rate to 4% in response to the collapse of the U.S. housing market and massive numbers of foreclosures that threaten the banking and mortgage sectors."
November 28, 2007 FED VICE CHAIRMAN DONALD KOHN
"Should the elevated turbulence persist, it would increase the possibility of further tightening in financial conditions for households and businesses," he said.

"Uncertainties about the economic outlook are unusually high right now," he said. "These uncertainties require flexible and pragmatic policymaking -- nimble is the adjective I used a few weeks ago."
http://www.reuters.com/

December 11, 2007 Somehow the Fed misses the obvious.
fed_rate_moves_425_small.gif
[Image from: CNNMoney.com]
December 13, 2007 [from The Christian Science Monitor]
"The odds of a recession are now above 50 percent," says Mark Zandi, chief economist at Moody's Economy.com. "We are right on the edge of a recession in part because of the Fed's reluctance to reduce interest rates more aggressively." [see my comments of September 11]
January 7, 2008 The real problem now is that consumers can't rescue the economy and manufacturing, which is already weakening, will continue to weaken. We've gutted the forces that could avoid a downturn. The question is not whether there will be a recession, but can it be dampened sufficiently so that it is very short.
January 11, 2008 This is death by a thousand cuts.
January 13, 2008 [N.Y. Times]
“The question is not whether we will have a recession, but how deep and prolonged it will be,” said David Rosenberg, the chief North American economist at Merrill Lynch. “Even if the Fed’s moves are going to work, it will not show up until the later part of 2008 or 2009.”
January 17, 2008 A few days ago, Anna Schwartz, nonagenarian economist, implicated the Federal Reserve as the cause of the present lending crisis [from the Telegraph - UK]:
The high priestess of US monetarism - a revered figure at the Fed - says the central bank is itself the chief cause of the credit bubble, and now seems stunned as the consequences of its own actions engulf the financial system. "The new group at the Fed is not equal to the problem that faces it," she says, daring to utter a thought that fellow critics mostly utter sotto voce.
January 22, 2008 The cut has become infected and a limb is in danger. Ben Bernanke is panicking and the Fed has its emergency triage team cutting rates... this time by 3/4%. ...

What should the Federal Reserve do now? Step back... and don't be so anxious to raise rates at the first sign of economic improvement.
Individuals and businesses need stability in their financial cost structures so that they can plan effectively and keep their ships afloat. Wildly fluctuating rates... regardless of what the absolute levels are... create problems. Either too much spending or too much fear. It's just not that difficult to comprehend. Why has it been so difficult for the Fed?

About Me

My photo
Michigan, United States
Air Force (SAC) captain 1968-72. Retired after 35 years of business and logistical planning, including running a small business. Two sons with advanced degrees; one with a business and pre-law degree. Beautiful wife who has put up with me for 4 decades. Education: B.A. (Sociology major; minors in philosopy, English literature, and German) M.S. Operations Management (like a mixture of an MBA with logistical planning)