"A study by The Pew Charitable Trusts, an independent nonprofit, found the median interest rate advertised by most credit card companies in July 2009 was 13 to 23 percent higher than rates in December 2008."The banks are not going to take regulation lying down. They've fired a preemptive strike. Credit rates are going to rise and rise quickly in the next few months. Just what our economy needs right now. Tighter credit with predatory rates. Let's see what Congress does. Especially now that we're entering an election year.
Friday, November 6, 2009
No Sense in Letting the Recovery Take Hold
Unemployment Numbers Explanation
It might be the self-employed, said Joseph Brusuelas, director at Moody’s Economy.com. Self-employed workers are not included in payroll (establishment) numbers, and the household survey data show that this group was hit particularly hard in the last month.There may be some hope in the darker numbers, though. From Dave Leonhardt at Economix.
The drop in the blue line toward the right side of the chart shows the pick-up of job loss in September (to 219,000). In October, job losses fell to 190,000 — better than September but still not as good as August (154,000 job losses). Looking at these numbers, you might be tempted to conclude the recovery in the job market has stalled; things have not really improved over the last few months.Still going to be a tough holiday season, though.
Chart of the Day
Chart by Calculated Risk. Quote from James Pethokoukis.
"Remember in the early 1980s 7 straight quarters of avg. GDP growth of roughly 7% (!) lowered jobless rate by only 2.5 percentage points. Hard to see economy booming like that between now and Election Day 2010."
Thursday, November 5, 2009
Wednesday, November 4, 2009
No. 25 Syracuse loses stunner to Le Moyne
Update 1/20/10:: Syracuse has risen to the top 5.
Tuesday, October 13, 2009
Post-Season Picks - Updated (better performance than the umpires)
Series | Winner | Comments | How I'm doing |
---|---|---|---|
Red Sox-Angels | Sox in 5 | Home field plus better bullpen. Changing of the guard at catcher for the Red Sox. Ellsbury is the difference. Abreu re-surfaces. | Who saw that coming: Papelbon giving up his first run and blown save in 26 post-season innings? The end of a (brief) Bosox era. Ironically, Angels sweep is good for the Yankees. |
Dodgers - Cards | Dodgers in 4 | Torre manages better than LaRussa. Manny shines. Cards' Cy Young candidates are overrated. | LaRussa outmanaged again in the post-season |
Phils - Rockies | Phils in 4 | Phils have the edge offensively. Rockies are riding their late-season rush (again) and may win one at home. Phils could almost play in the AL East. Almost. | Phillies were the better team. |
Yankees- Twins | Yankees in 3 | Biggest danger for the Yankees is to finish too soon and then have to wait for the war between Boston and LA to conclude. | True to form. Twins did not have the talent. |
League Championship Series | |||
Yankees - | Yankees in 6 | It's been too long for Derek Jeter and company. This may be the best team he's played on. Girardi goes back to Posada behind the plate for every game, realizing he needs the extra bat. Burnett is on the spot. | |
Phils - Dodgers | Phils in 6 | Manny does all he can. Then gets lost on the way to left field. Phils have too much depth, offense and pitching. And Howard.Interesting match-up. Although the Dodgers have Torre and MANNY. | |
World Series | |||
Yankees - Phils | Yankees in 5 | Phils almost have the power to compete with the Bombers. But not quite enough. Yankees have better pitching and the home field advantage. Sabbathia becomes a Yankee legend. |
Monday, October 12, 2009
Are You Kidding Me?
Signing such a selfish player can't be a good thing. It won't work. There are certain uniforms in sports that demand respect and should be considered an honor to wear. Requirements for wearing a uni like the Celtics green should necessarily exclude players like Wallace, well known to be a disruptive force on any team for whom he's played.
He has the potential to dishonor the uniform that so many guys who went before him were honored to wear. I'm calling a technical on Ainge.
Friday, October 9, 2009
Poor Children Learn. Teachers Unions Are Not Pleased
Thursday, October 8, 2009
$15 gets you a ticket, a hot dog, a soda and two All Stars
Post-Season Picks
Series | Winner | Comments |
---|---|---|
Red Sox-Angels | Sox in 5 | Home field plus better bullpen. Changing of the guard at catcher for the Red Sox. Ellsbury is the difference. Abreu re-surfaces. |
Dodgers - Cards | Dodgers in 4 | Torre manages better than LaRussa. Manny shines. Cards' Cy Young candidates are overrated. |
Phils - Rockies | Phils in 4 | Phils have the edge offensively. Rockies are riding their late-season rush (again) and may win one at home. Phils could almost play in the AL East. Almost. |
Yankees- Twins | Yankees in 3 | Biggest danger for the Yankees is to finish too soon and then have to wait for the war between Boston and LA to conclude. |
League Championship Series | ||
Yankees - Red Sox | Yankees in 5 | It's been too long for Derek Jeter and company. This may be the best team he's played on. Girardi goes back to Posada behind the plate for every game, realizing he needs the extra bat. Burnett is on the spot. |
Phils - Dodgers | Phils in 6 | Manny does all he can. Then gets lost on the way to left field. Phils have too much depth, offense and pitching. And Howard. |
World Series | ||
Yankees - Phils | Yankees in 5 | Phils almost have the power to compete with the Bombers. But not quite enough. Yankees have better pitching and the home field advantage. Sabbathia becomes a Yankee legend. |
Wednesday, October 7, 2009
Don't Doubt the Power of Manny Being Manny
Tuesday, October 6, 2009
Sportsmanship
Walcott Tech is not a very good football team. They typically lose by several touchdowns and rarely score one themselves.
So when they played against Avon High School recently, the score was expectedly lopsided. Late in the game, though, Reardon scored.
The sportsmanship part of the story is that the play was called from the other sideline, by Avon head coach Brett Quinion.
It Will Come Out Eventually
The F.T.C. said that beginning on Dec. 1, bloggers who review products must disclose any connection with advertisers, including, in most cases, the receipt of free products and whether or not they were paid in any way by advertisers, as occurs frequently.Frequently? What am I missing? And what's the value of the freebies? Has Apple been sitting on my free iPhone? Has Audi held out on the S5? I'll be glad to offer musings on what it's like to live on the beach in the Hamptons. Really. And I don't need one of the bigger cottages either. Anything on the water will do.
It's possible they've been trying to reach me all along. So maybe I shouldn't have been so quick to dismiss the telemarketers who - whoops - ignore the fact that I'm on the Do Not Call list. I should have accepted the call from "Your Credit Card Company". It's possible my credit card company merely wanted me to accept an all-expenses vacation. Or a new jacuzzi. They've been known to be generous from time to time, after all. Just ask Chris Dodd.
Call me back. I'll be home all morning.
Monday, October 5, 2009
Friday, October 2, 2009
I'm Coming Teddy
Wednesday, September 30, 2009
Replacement Refs: Not a Big Change
There was a time when referees were independent and acted like it. Now, they are too aware of the game clock, which players are involved in a play and how the call will be perceived by the fans, teams, owners and league officials. And they too often want to be part of the drama of the game. This game to game inconsistency and uncertainty gave room for rogue refs like Tim Donaghy (pictured) to operate.
This may be an opportunity for the league to re-invigorate the referees profession.
Or, get rid of refs altogether. Think about it. It may be possible to bring back the integrity of the game by letting the players call their own fouls - "street rules". Let the players call fouls and work things out on the court. Players know what is or is not allowed in the context of a game. Let courtside - not on-court - officials decide the really hard fouls or when replay is needed to be used.
One thing street rules will prevent ... it will stop the flop. What player would dare flop if his peers are calling the game. Regardless, unless we have a return to the basics of Dr. Naismith's' game, it doesn't matter a lick who's blowing the whistle.
Monday, September 28, 2009
Lousiana with Foliage
Rampant corruption in Connecticut has gotten the attention of media across the nation, most recently the Boston Globe.
My concern, though, is that the headlines also provide cover for numerous small acts that will never see the light of day, but which are costly and erode trust.
Friday, September 25, 2009
We've Been Down This Road Before
- Threat of nuclear war. (NYTimes)
- Unsuccessful military presence halfway around the globe (CBS News)
- Violent domestic protests (Yahoo)
- Bank struggles and restructuring (Bloomberg)
- Washington is the worst team in the majors (Yahoo)
Those who cannot remember the past are condemned to repeat it - George Santayana
Double Dipping
In Connecticut, lower tax revenues caused the Governor to consider ways to cut state payrolls. The incentive for employees to leave public service (heaven forbid anyone gets fired) was to offer them early retirement. This followed on the heels of a previous negotiation with public unions to lower the rate of their pay increases in return for a no-layoff guarantee. Nice situation, if you can get it.
Bud Selig's Vision of Baseball
The Yankees and Red Sox are meeting this weekend in an
In the meantime, in a galaxy far, far away the Pirates are doing their best to catch the Phillies. Not this year's Phillies. The all-time losingest Phillies.
The Right to Life, Liberty and the Pursuit of Happiness (not so fast, whitey)
Friday, September 11, 2009
What's with NL pitchers in Boston?
John Smoltz and Brad Penny were (relative) bargain signings this year for the Sox. Penny was the better of the two, and while he was never great, he chewed up a lot of innings. In that regard, he fulfilled his end of the bargain.
On the other hand, the pitching-smart Braves had given up on Smoltz, and the Red Sox should have paid closer attention to why.
But now the two pitchers have gone back to the National League. And while Smoltz had a one-game revival for the always-smarter-than-you Tony LaRussa, he may be now reverting to form. Penny on the other hand has had back-to-back solid starts for the Giants. Is this a National League v American League thing, or just an anomaly? The Red Sox have had little luck importing National League pitchers.
Friday, August 28, 2009
A Great American
Ted Kennedy is being buried from the Mission Church in Roxbury (Mission Hill). My Aunt Kay used to go to pray for the boys at the Mission Church when they were sick. She used to drive over, go to Mass and then come back with holy water, which she sprinkled on them. I guess her faith paid off.
And Kennedy's mother, Rose Kennedy, grew up around the corner (as they say in Dorchester) on Ashmont Hill from where we lived on Regan Road. It was a mile away and but in reality a world away in terms of the neighborhood.
Friday, August 21, 2009
This may be why Jim Rice had to wait so long for the HOF
For those who were around when Jim Rice was in his prime, his words to Little Leaguers last week are not surprising. When he spoke - which wasn't often - he said what was on his mind. And he wasn't always pleasant in either the substance or the delivery. Many people attribute the 15-year delay to his deserved entry to the Hall of Fame to his outspoken, blunt and sometimes under-thought-out comments.
So you'd think he would have learned. But apparently not. His inspirational speech to Little Leaguers in Williamsport was a bit short on humbleness and inclusiveness.
I understand why he might go after Manny ["We didn't have the baggy uniforms. We didn't have the dreadlocks," Rice said.]. But Jeter? ["You see a Manny Ramirez, you see an A-Rod (Alex Rodriguez), you see (Derek) Jeter ... Guys that I played against and with, these guys you're talking about cannot compare," Rice said].
He better hope they don't take a re-count in Cooperstown.
Tuesday, August 18, 2009
Brett Farve is Tempting Fate
Brett. Say it ain't so. You must know that quarterbacks never die, they just get hurt. Ask Drew Bledsoe or Tom Brady or Tim Tebow. You have a chance to get out before you suffer a permanent injury.
Monday, July 20, 2009
Thank you...Tom Watson
Golf survived. The great and powerful Tiger Woods missed the cut at the British Open and the sport of golf actually survived. An even greater storyline emerged,thanks to Tom Watson. The 59 year old, 5-time British Open champion shook off challenge after challenge heading to the final hole where par would have handed him a sixth Claret Jug. But it wasn't to be. It was Stewart Cink's time.
But the sport of golf won this weekend. In the end it didn't matter that Tiger missed the cut or Phil was home with his wife. A great story was written by one of the games great champions. It brought back echos of Arnie and Jack and Slammin Sam and Hogan. So thanks one more time Tom for a riveting weekend, me and my HDTV.
Thursday, July 2, 2009
Monday, June 15, 2009
Finally...It's Over
Thursday, May 28, 2009
Cheater, Cheater, Cheater
Tuesday, April 28, 2009
Arlen Specter - Senate Turncoat
Tuesday, April 7, 2009
March Madness...Hardly
Or maybe the college game itself is what's failing us. Unless you have a astronomical budget(money, money money) and belong to major BCS conference, your dreams of cutting down the nets is the fairy tale. You have "NC" and that doesn't stand for North Carolina. The yucks on ESPN think college basketball starts and end with UNC, Duke, UCLA, Indiana, UConn...etc. No other schools should dare join the elite. My Alma mater, Xavier, who's crafted quite a winning tradition for a small Jesuit university just had their head coach bought by the University of Arizona, for the tune of 2.2 Million reasons per year. And it's not the first time that has happened.
So here's my solution, at least for next year. Send all the top four seeds as far away from playing at home as possible, no home court advantages. They have enough already. Limit the number of selections from the major conferences. No .500 or lower in conference record teams allowed. Finally, let's accommodate them at the local Motel 6 and feed them McDonald's. That should be good for a couple of thrilling upsets for next year.
Friday, March 20, 2009
Thursday, March 12, 2009
March Madness II
- Duke
- Gonzaga
- Syracuse
- Xavier
- St Anthony's (NJ)
Not many choices.
March Madness
Men's Final Four:
- UConn
- North Carolina
- Michigan State
- Pitt
Women's Final Four:
- UConn
- There's
- No one
- Else
Tuesday, March 10, 2009
Our Father who art in ... Hartford?
It is a frightening day when the government acts directly against a religious group. I am adamantly opposed to any intervention by the Legislature into the governance of the
Catholic Church. I urge you to oppose Raised Bill 1098.
On its face, this proposed bill is a violation of the separation of Church and State. Perhaps more importantly, how does such a blatently unconstitutional bill get this far?
I am concerned that the lessons of history are lost on the very people who have been given the authority to write history. One of the core precepts of this country is religious freedom. This right allows individuals to join institutions based on their free will. If the institution is not being governed in a way that makes sense, each of us has the right and ability to choose another institution. If any individual's constitutional rights are being abridged, there are already state and federal laws that can be brought to bear.
That a legislator would use the power of government to attempt to force an organizational change in the Catholic Church is stunning. If this attempt succeeds, the consequences are almost too profound to grasp. Imagine a priest being arrested for carrying out pastoral and episcopal duties. Imagine individual believers having to declare for a 'state-sanctioned' church, with tax levies or other consequences for failure to comply.
"In Germany, they came first for the Communists, And I didn't speak up because I wasn't a Communist;
And then they came for the trade unionists, And I didn't speak up because I wasn't a trade unionist;
And then they came for the Jews, And I didn't speak up because I wasn't a Jew;
And then . . . they came for me . . . And by that time there was no one left to speak up."
- Martin Niemoller
The issues facing the Church are real and need to be addressed by its membership. The legislature has no role to play.
Tuesday, February 24, 2009
Barney Frank, Nancy Pelosi,Christopher Dodd, Harry Reid
How do we shut this foursome up? They are expects on everything.
Maybe if our supreme "Messiah" wasn't such a rookie and actually took some time away from delivering three or four speeches a day he'd take them to the woodshed to deliver the beating they deserve.
Monday, February 23, 2009
Jim Calhoun, Urban Meyer, Roy Williams, Jim Tressel......
Every state budget in this current financial crisis is drowning in a sea of red ink and I would bet one of those government $Trillions$ the highest paid state employee in all 50 states is some coach at a university. And now you can see and hear the arrogance from someone on the taxpayers gravy train. He's won a couple of National Championships. He brings in Millions of dollars to the university. He sure sounds "Entitled". Sort of like one of those Wall Street types. Maybe President Barack Hussein Obama should come down hard on state government waste just as hard as he's come down on Wall Street salaries. It would at least be consistent.
Thursday, February 19, 2009
Annual Events
Plenty of time to speculate on which month the Yankees will collapse this season.
Oh yeah, Yankees collapse. An annual event. Like spring.
Friday, February 13, 2009
Take Your Pick
Selig has made barrels of money during the Steroids Era. Which makes him self-serving at best. But no idiot.
So my pick is ....
... he's a total cynic.
Secrets? What Secrets?
Dianne Feinstein has proven once again that any sentence with the words Intelligence and Senator in them is inherently oxymoronic. She stated at a Senate Intelligence hearing that the Predator planes used to launch missile strikes against Islamic militants are based in Pakistan. Something that had not been previously acknowledged by either side.
The age of transparent government has begun.
Wednesday, February 11, 2009
I've been forced, due to my business, to watch the testimony today of all the major U.S. bank CEO's getting grilled by idiotic Congressmen and Congresswomen. I think if each voter in America watched any part of these congressional proceedings, they would vote all these lame brain representatives out of office.
After watching, I say thank God for these CEO's because at least they know their business, whereas the government knows noting about their business.
Monday, February 9, 2009
Wednesday, February 4, 2009
Hip Surgery
However, since I'm considering hip surgery soon, that sentence really jumped out at me.
Tuesday, February 3, 2009
Taxes? Not for me.
Daschle, Killefer and the other
Dodd: Is This Full Disclosure?
I'll assume you know that we've waited 8 months or more for the senior Senator from CT to reveal his relationship with Countrywide Mortgage CEO Angelo Mozilo.
Now that he's finally decided to let the public in on his financial records, there are still more questions. The elephant in the room remains: did he or did he not give favorable treatment to Countrywide (and others) as a result of the favorable rates he got on his mortgage.
He might actually believe he got no special deal. And he might even believe that his actions as head of the Senate Banking Committee weren't influenced in any way.
In other times I might say that Sen. Dodd was the poster child for all that's wrong in
But, Sen. Dodd looks above reproach next to the other headliners in today's news: former Sen. Daschle (isn't tax evasion a felony, by the way?) who just withdrew his nomination, Hartford mayor Eddie Perez (who pleaded not guilty to bribery in court today and triggered a NYTimes editorial) and Nancy Killefer, who withdrew from being a candidate for the (holy cow) position of Chief Performance Officer.
Tuesday, January 27, 2009
Citigroup Adds to "Fleet"
Bowing to pressure from President Barack Hussein Obama and the rest of his government cronies, Citigroup abandoned their plans to add a $50 Million state of the art private jet.
Instead they elected to take the slow boat to China. It comes complete with oars for all those upper-mangement types.
Now if all investigative journalists can fixate on pork barrel government spending on behalf of us taxpayers, then maybe we can fix this financial mess.
Wednesday, January 14, 2009
Congratulations Jim Rice
Finally
After 15 years and in his last year on the Hall of Fame ballot, Jim Rice will take his rightful place with the greats of the game.
As a lifetime Yankee fan, Jim Rice was the one Red Sox slugger who struck fear into my heart. In the most wondrous baseball year of my life, 1978, Jim Rice was MVP.
I wonder how Fred Lynn feels today, because he and Rice formed a truly dynamic duo and if he had stayed a Red Sox instead of taking the money from the Angels, Fred Lynn might be together with his Red Sox teammate in Cooperstown.