Thursday, January 31, 2008

Another step backwards for America!

There is a story in today’s Denver Post about a guy who dropped his lawsuit against the family of a 17 year old he hit with his car and killed while driving 100 mph. Apparently, the kid's head and bike trashed his Audi, and he was trying to recover the money to fix his car from their settlement from his insurance company. Sound crazy? Here’s the even crazier part: this happened in Spain, not the US.

Come on America! Our standing in the world has been diminished by the actions of our idiot President, but surely we are not going to give up our spot as the world leaders in ridiculous lawsuits! We can’t push the world around in basketball, women’s soccer, or war anymore……are we going to give up litigiousness too? Go out and sue someone. It’s your patriotic duty!

Tuesday, January 29, 2008

Maybe we are a bunch of idiots!

I am currently teaching 3 Economics classes at Front Range Community College. Classes started last week, and I decided to give my students a little quiz to see what they know about what’s going on in the world. The results are quite depressing. Below are the questions and data.

Question




Total

%

TOTAL RESPONSES




57


Who is Sec. of State




23

40%

Who is Ben Bernanke?




12

21%

Name the leader of:




0

0%

Pakistan




8

14%

England




3

5%

Canada




0

0%

France




0

0%

Venezuela




9

16%

What is the Bill of Rights




18

32%

What is Brown v Board




19

33%

Who is Sec of Treasury




0

0%

How many in US Senate?




17

30%

Name a Commie country




45

79%

Who is Gov of CO




15

26%

Name CO Senators




2

4%

Who is Speaker of House




8

14%

Only 25% know the name of the Governor of their own state! No one, including one student who is a Canadian citizen, can name the PM of Canada, or knows Sarkozy’s name (although several know he is dating a pop singer). Only 30% know how many Senators there are? What the hell are kids learning in school today?

I didn’t expect many would know Hank Paulson is Secretary of Treasury. And it is surprising that 1/3 know about “Brown v Board of Ed. of Topeka”. But the rest of this is just scary.

What does this say about our youth, and the future of our country? Does it explain why the White House is occupied by a complete idiot? These people can vote, yet they would badly fail the test to become a US citizen!

Thursday, January 17, 2008

The must think we are complete morons!

There are very few things you can get most Economists to agree upon. The benefit of free trade is probably at the top of the list. But it also seems that the stupidity of public funding, via tax dollars, for sports stadiums is another. I’ve never read a single article or study that says this makes sense. This is also one of the few issues my dad and I agree upon. Yet the politicians and snake-oil salesman keep convincing voters their money is better spent building playgrounds for the rich than on their own needs, or on education or infrastructure. A recent post on The Sports Economist speaks to this.

About 11 years ago the voters here in the Denver area voted to tax themselves to build the Broncos a new palace. The issue actually passed more easily than an issue a few years ago to allow the state to keep money it had to refund to taxpayers (google “TABOR” if you want more details). The money from that is being used on frivolous things like infrastructure and higher education, so it makes sense that an important thing like a football team would get into our pockets more easily.

Well, some folks around here must think we are real suckers. A story on the front page of The Denver Post today describes a plan to build a massive complex that will include the Great Western Stock Show, the US Olympic training facility, and a NASCAR track. No talk yet of how much they are going to want us to pony up, but I’m sure they will make it sound like SO little for SO much! They must think we are morons…..and maybe their right.

The article says the proponents haven’t yet decided what areas they want to include in the region that would be taxed. They hope to have an issue on the ballot in November. Fortunately for me, I live in Boulder, where folks will tax themselves like crazy for wild animals, but probably not for cow, and definitely not for NASCAR. Boulder is one of the most educated cities in America…..no stock car racing fans here! This is my best hope of not having my pocket picked for this ridiculous boondoggle: that they will realize this is a loser here in Boulder, so leave us out of it.

Saturday, January 12, 2008

Joe Jackson shills for Taco Bell?

I wasn't shocked when the Stones sold some songs for commercials. They've always been into money. Nothing wrong with that. I was a bit surprised a few years ago when I heard a Spinal Tap song (“Gimme Some Money”) used in a financial services ad on CNBC. I actually found that one amusing, what with Spinal Tap being a fake band.

But Joe Jackson for Taco Bell!!!!???? Come on ! Joe Jackson? And not a hit song, as if he ever had one (Stepping Out?). But “One More Time” off his very old album “Look Sharp” ( a great album by the way). I'm not pissed....everyone has a right to make some bucks from their creative talents....but JOE JACKSON? This is a guy who has always struck me as being happy to be a niche guy, happy to make good music, make a decent living, and never cared whether he had a hit. So now he let's Taco Bell use his song to sell cheesy stuffed gorditas! Weird!

If you haven't seen the add, go here

Tuesday, January 1, 2008

The NHL does it again!

Those of us who love hockey have long known that the NHL is run by the dumbest rich guys outside the middle east. Here is the latest example:

Today, the Buffalo Sabres played a a great hockey game against the Pittsburgh Penguins in Ralph Wilson Stadium before about 73k fans. I'm sure the rating will suck, because the NHL over the years has marketed it's great product so badly that most American sports fans would rather watch illiterate, criminal college football players drop pass after pass than watch a great hockey game. I was in Buffalo, where they love hockey and their Sabres, around Christmas and the morons who run the NHL had not managed to get any merchandise for this unique event into stores before xmas. The day after, I did see one ugly baseball cap in a store. Meanwhile, in a city where Sabres merchandise is appropriate apparell for any occasion, they miss out on millions in sales.

Ugh!

Stop the Ethanol Insanity!!!

As usual, when it comes to subsidizing ethanol, bad politics is clobbering good economics. There are no scientists or economists who will tell you that ethanol from corn is a good idea, only politicians and farmers. Anyone with half a brain would know that subsidizing ethanol from corn is a losing proposition. In fact, we consumers get to pay twice for this stupidity: our tax dollars go to the ethanol industry, and our food prices skyrocket as supplies of other foods decrease because more acreage is planted as corn.
I was willing to write this off as just another case of unstoppable idiocy, until I read this story in The Economist:

A shortage of hops threatens Christmas


JUST as the festive season gets going, drinkers in America are finding their favourite beer suddenly more expensive or even—horrors!—not available at all. Hit by price increases and shortages, many breweries, particularly the small “craft brewers” and the even smaller microbreweries, are being forced to raise prices, make do with modified recipes or shut off the spigots altogether.

The humble hop, the plant that gives beer its distinctive flavour, is the main problem. Many farmers in the Pacific north-west, where America's hop production is concentrated, have turned to more profitable lines—especially corn, which can be made into ethanol. The decrease in hop production, put at some 50% over the past decade, has sent prices through the roof. Brian Owens, the brewmaster of the O'Fallon Brewery near St Louis, Missouri, says that the variety he once bought for $3 a pound (0.45kg) now costs five times that. Many smaller breweries cannot find what they need at any price. Industry giants like Anheuser-Busch and Miller are better off, thanks to long-term contracts. But even Anheuser-Busch has been forced to raise prices for its six-packs.

A shortage of good beer? This has gone far too far!!!

Rise up America. Write your Congressmen. Better yet, slap them around. Make them stop now. We already pander to farmers like babbling idiots, but this is threatening the great American lifestyle, and I won't take it anymore!


Friday, December 28, 2007

My Chilly Lesson about Electicity!

You would expect that when you travel on Dec. 27, the crazy shit you’ll encounter will be at an airport. Perhaps I should have known that trouble would await me at home when my flights from Buffalo to Charlotte to Denver all arrived as close to on-time as I could hope, especially considering a storm in Denver would screw up air travel all over the country that day.

Having trudged through a snowdrift up to my tall, thin knees to get to my car and clean it off, I stopped at the grocery store on the way home. I was starving and dead tired, having arisen at 4AM EST, or 12 hours earlier, and having had only a small sandwich and a bagel all day. I was psyched to enjoy the DiGiorno pizza I had bought, and lie on the couch and watch hockey until I fell asleep.

I shovel my way into my house and quickly go room to room turning on the electric heat….yes, I know electric heat sucks, but that was the fashion in the 70’s when my townhouse was built. I also flip on the oven to preheat for the pizza. After turning on the heat, I usually here a clicking sound, then some popping as the registers heat up, and the house warms up quickly. I didn’t notice any of that. I was too in a hurry to get to the bathroom and out of my snow covered jeans and shoes to notice. But minutes later, the registers had yet to heat up. My lights came on, the tv worked, but no heat.

After a half hour, I determined I had a problem. I check the circuit breaker box, but nothing is tripped. Hmmmmm.

Meanwhile, even though the oven had not heated to full temp, I had thrown my pizza in. It should take about 25 minutes.

By now I’ve decided my heat is broken, and call an electrician. While I wait, I notice that my pizza, which now should be cooked, is only half done and the oven has still not warmed up to the prescribed 400 degrees.

When Vince the electrician arrives, I tell him the symptoms: no heat, an oven that seems to be working on half power, lights and tv’s working, and no circuits tripped. “Wow, that’s interesting” he says. “Great” I think “I got the Dr. House of electricians, excited to work on an interesting case, probably not worried about what it costs.”.

Vince goes out to the circuit breaker box, and delivers this news: “I know what’s wrong, and I can’t fix it.” He says that the current is not coming in properly from the electric company, and that I am only getting about half the power I should. I had no idea that was possible, and apparently did any of my neighbors on the same circuits who also called electricians and got the same news (I found that out later….a bit of communication would have saved us $60 apiece!). In fact, while Vince was out at my breaker box, another electrician yelled out that he’d already notified Xcel (the electric co).

I call the electric company anyway, and they say it will be fixed within 4 hours. It’s about 4pm. By 6:30 I notice no activity, and it’s getting cold. I have the oven turned on at it’s lame half power…..oh, did I mention that my pizza was just turned to worthless goo by the half strength oven?....and the door wide open. It’s my only source of heat. I’m exhausted and want to sleep, but I’m afraid I’ll either freeze to death, or the heat will come on and the open oven will start a fire (don’t ask me how…I was tired and not thinking clearly). I call again, and point out that I have electric heat, so does the neighborhood, and the temp is dropping into single digits.

About 7:30 I see flashlights around the electric box across the street. I’m saved! But by 8 they are gone, and still no heat. About 9 I decide a cup of tea would be warming, and pop one in the microwave. 10 seconds later, all the lights go out. I look outside, and I see lights at other houses. I was sure I was screwed, that I had just blown what little power I had and would freeze and starve to death in the dark.

But wait, a blinking light can be seen in the other direction. I put on 3 coats and a touque and head outside, and there are 2 big Xcel trucks replacing a piece of equipment with a crane. By 9:30, the heat is on!

Do you think I can bill Xcel for the $60 I had to pay the electrician?