|
Tuesday, January 31, 2006
The Cult of Now
The Great American Squandering is really in high gear now. For the first time since the Great Depression, Americans had a negative savings rate for an entire calendar year. Of course, 70 years ago Americans dipped into their saving to eat; today we spend more money than we have for new cars, big screen TVs and couches for ever growing houses. If we don't get our act together, we'll be eating the leather off those couches in a few years.
# posted by Floyd Waterson @ Tuesday, January 31, 2006 0 comments 
Cold War Nostalgia
Kevin Drum echoes a point I've made previously that those pining for the "simple" days of the Cold War over today's problems are fools: An awful lot of people who should know better make the mistake of believing that the past was simple just because we now know how things turned out. But we didn't at the time. The Depression, World War II, "losing" China, Stalin getting the bomb, the Cuban Missile Crisis, Vietnam, the counterculture revolution of the 60s, Watergate, stagflation and the twin oil shocks, the Iranian hostages, Afghanistan — at the time, all those things seemed plenty dangerous and disorienting. A historian like Ferguson should know better than to pretend otherwise, even in a casual op-ed.
# posted by Floyd Waterson @ Tuesday, January 31, 2006 0 comments 
Monday, January 30, 2006
Hudna One, Hudna Two...
Hamas leader Mahmound Al-Zahar said in an interview yesterday: "We can accept to establish our independent state on the area occupied [in] '67," Israel took control of the West Bank and Gaza in the Six-Day War of 1967. But as CNN noted:
Zahar did not say how long an independent state in the West Bank and Gaza would be acceptable. Key conditions could allow Palestinians to give a "long-term hudna or long-term truce," and "after that, let time heal," he said. A "hudna," historically, has referred to a long pause in hostilities, during which armies prepared for later battles.
At the same time Hamas talks about a "hudna" it also says it will continue to target civilians in attacks against Israel. So, the Palestinian government, not a militant sub-group any longer but a ruler of a quasi-state, is stating overtly it will attack Israel and attack its civilian population. No country facing such an enemy on its border would allow the situation to fester long. In the short term, Israel will wait and see what effect governing has on Hamas. But if the Islamic militants now controlling the Palestinian people are true to their words, then Israel will have every right to attack the terrorities and do what it must to protect its people. Oh, and for those who see a poor aggrieved Palestinian people (and they have been mistreated by both Israel and their own leaders over the decades) let's remember the philosophy that Hamas operates under:
News reports have said Hamas plans to establish separate schools for boys and girls in the Palestinian territories and implement stricter Islamic law. Asked whether he plans a theocracy instead of a secular government, Zahar responded, "Do you think the secular system is ... serving any nation?" A secular system "allows homosexuality, allows corruption, allows the spread of the loss of natural immunity like AIDS," he said. "We are here living under Islamic control. Nothing will change ... If you are going to give a hint that Islamic society will be against the modern life, I think it's incorrect."
Nobody on the left (or right) should be supportive of the movement embodies in Hamas.
# posted by Floyd Waterson @ Monday, January 30, 2006 0 comments 
The Fight Within The Administation
Newsweek has a long article about conservative Administration insiders fighting other Administration insiders to preserve the rule of law. This being Newsweek, I have no idea whether it is accurate.
# posted by Floyd Waterson @ Monday, January 30, 2006 0 comments 
Friday, January 27, 2006
Heroic Oprah
I, of course, DVR'd the live Oprah skewering of James Frey and could not have been more impressed. Oprah did what nobody else of her stature does--whether in politics, arts, culture, journalism or anywhere else in contemporary American society--she admitted she was wrong and went about rectifying her mistake. There were none of the weasely words such as "mistakes were made" or "I'm sorry if I've offended anybody" or "I did not have sex with that woman" or "We do not torture anybody." No, she neither equivocated, lied or made excuses. She said "I was wrong" and she said the people who contacted her distressed at her defending James Frey on Larry King Live were "absolutely right." It was astounding, unfortunately, because we have become so accustomed to people doing the exact opposite of what Oprah did today: Jason Giambi not facing up and admitting his steroid use and apologizing (or Rafael Palmiero, Gary Sheffield and Barry Bonds for that matter). What was also remarkable was Oprah was having none of the applause for her actions. She said, quite simply that it wasn't hard to admit she was wrong because she was, in fact, wrong. When she asked Frey tough questions and the studio audience applauded, she cut off the applause, not wanting to be applauded for doing what simply was right. Unfortunately, there are already snarky attacks on Oprah, claiming she was only doing what she had to do to protect her profits and reputation. These nimrods think they are oh so clever and will not be fooled by anyone, including Oprah allegedly trying to pull the wool over their eyes by pretending to be good. Balderdash (righteousness makes me go all old English for some reason)! Oprah did not have to do this. She could have easily acted like all the other politicians, celebrities and athletes caught in similar situations. The story was already blowing over and she could easily have weaseled her way through. But she didn't. She should be commended for this. Oprah is, essentially a hero. It's sad that she is but she is because her behavior is not the norm. Because Oprah acted like no others in recent times we need to sing her actions and words to the rooftops of the cultural and political establishment. This is especially true because people like Nan Talese (yes, the wife of Gay Talese) still suck up needed oxygen in this world. Talese, Frey's handler (editor is not a fitting word for her), was also on the show and could not have been a bigger weasel if she had fur, claws and a thin puckered face (oh wait, she did). She lied as much as Frey did and exemplifies all that is wrong in not only the publishing world but in the New York/LA/Washington, D.C. establishment. Incestuous and insular in their little cultural cocoons and contemptuous of all but their little oh so proud selves, she wouldn't know how to act heroically if she was led through it step by step by a Homeric Arthur Murray. But let's not end on a negative. I know there are lots of snobs out there who dismiss Oprah as another day time talk show hack. I once was one of them. But it is a dismissal borne of ignorance. She certainly has her faults but her positives far outweigh her negatives. She is certainly a better interviewer than Larry King (of course, my couch is a better interviewer than Larry King) and when she interviewed Bill Clinton after his memoir came out, she did a much better job and asked better and tougher questions than did Wolf Blitzer or 60 Minutes' Steve Kroft . And, as I wrote in my original email to Oprah, she's done more for reading and literacy than anyone this side of JK. Rowling. She's now also done a tremendous service to the truth. Long Live Oprah!
# posted by Floyd Waterson @ Friday, January 27, 2006 0 comments 
Thursday, January 26, 2006
Good for Oprah
Oprah admits she made a mistake and takes James Frey to task. Oprah, unlike so many of our other cultural, political and business leaders is being a stand up person, admitting mistakes and rectifying them. She deserves much praise today. Much more on all this later today when I have time to write at greater length.
# posted by Floyd Waterson @ Thursday, January 26, 2006 0 comments 
Oily Predictions
During the predictions panel I participated in a couple of weeks ago we were asked which way oil prices were headed. Most of my fellow panelists thought prices would moderate or stay where they were over the next year. I said this was certainly possible but that no one should be surprised if they head straight north either. After all, look at the countries with the biggest oil reserves: Saudi Arabia, Iran and Venezuela--all countries with a high risk of all hell breaking loose. Then, remember that refineries are operating at near full capacity with no new refineries on the near horizon. Plus, of course, China and India continue to gobble up more oil. So, while it is possible oil prices will remain on an even keel over the next twelve months, it's a small margin of error that allows for that scenario and we could just as easily be in for a large wave of price increases. And then, there's this: a report in the Petroleum Intelligence Weekly claims that Kuwait's oil reserves are really half of official estimates. The Kuwaiti's hotly dispute this. They would, of course. I'm not too worried though since I just bought a new bike and can try to pedal my way out of any future oil crisis.
# posted by Floyd Waterson @ Thursday, January 26, 2006 0 comments 
The Cure for Bird Flu
Speaking of riding bikes, I was reading about the bird flu recently and apparently if it becomes a pandemic it is likely to kill healthy people even more than the young and aged. This is because the virus causes the immune system to over-attack the body. So should the bird flu ever catch on I will stop exercising, start drinking heavily and get little sleep in an effort to suppress my immune system. Since the flu pandemic is likely to last 18 months I will essentially go on an 18 month bender. Who's with me?
# posted by Floyd Waterson @ Thursday, January 26, 2006 0 comments 
Iranian Bus Strike
This web site has been pretty unreliable in the past so I can't vouch that a bus strike will really happen nor that it will be a very big deal. But, it is internal pressure that is our best hope in the whole Iran out of control problem. More on Iran soon.
# posted by Floyd Waterson @ Thursday, January 26, 2006 0 comments 
The Oprah Showdown
James Frey will be appearing on a special live Oprah today. Whether my comments and photo will be on the show I do not know. But set your DVR's, VCR's and other myriad recording devices to see if Oprah truly confronts Frey over his lies or whether she gives him a free ride.
# posted by Floyd Waterson @ Thursday, January 26, 2006 2 comments 
Wednesday, January 25, 2006
It's Oprah
So I know we've all been eagerly awaiting the Oprah story and here it is. As you may remember, Oprah called up the Larry King show when her book club pick, James Frey, was on defending the "emotional truth" of his memoir since the Smoking Gun obliterated all the other truths of the book. Oprah defended Frey during her phone call. Aghast at this turn of events, I ranted and raved about Oprah's irresponsible behavior to my wife, who is a big fan of her show. My wife told me I should write Oprah. I wrote a respectful but firm email to the mighty Oprah explaining how wrong she was to defend an apparently pathological liar. Fast forward to yesterday, a couple weeks or so after I sent the email: on my voice mail was a message from a woman at the Oprah show asking me to call back. Which, of course, I did and had a very pleasant conversation with a woman named Kathleen from the show. To make a long story less lengthy, they may use my comments on a future show and wanted to use a picture of me to go along with the comments. I promptly emailed them a naked photo of myself...okay, I was actually fully clothed and it was as un-dorky a photo of myself as I could find which is to say, I looked pretty moronic. But nonetheless, DVR Oprah over the next few weeks if you want to see my big appearance. I'm hoping she'll give me a new car. Below is the original email I sent Oprah. I was very disappointed by your reaction on the Larry King show tonight to the revelation that James Frey made up many details in his book. I find your book club and continual advocacy of education extraordinarily admirable and other than J.K. Rowling, I doubt anyone else in the last 10 years has done more for literacy and book reading than you. Which makes your failure to criticize Frey for his fraud and deceits all the more painful and disastrous. Oprah, as you know, people look up to you and use you as a role model. To say that it is okay to pass off fiction as fact is to tell your many fans it's okay to lie. Yes, Frey's book may have helped some escape addiction but does the end really justify the means? Isn't this what too many of our political leaders have been telling us in recent years: that it's okay to lie for the greater cause, to torture, to violate the Constitution? Can't you tell your audience and book club members there may still be important lessons in the book but what Frey did is wrong? If Frey was willing to lie about the girl killed by the train, about his arrests and jail time about a whole host of significant events in the book, doesn't this make you question other things in the book? Calling Frey for what he is will make your message, Oprah, of triumph over adversity, even more compelling. But if you don't, if you say committing fraud is okay, you too will lose legitimacy and all your good works will lose their power to transform. I hope you will rethink your position on James Frey and his book. Please don't act like so many other celebrities and leaders when trapped in an uncomfortable position. You haven't in the past and I hope in this instance you will exercise your usual leadership.
ADDITIONAL THOUGHT: I should note it was very impressive the show followed up on my email and seemed to take my concerns seriously. In fact, they asked what I thought Oprah should do and apparently she may devote a future show or part of a show to address the Frey matter. So, kudos to Oprah.
AND EVEN ONE MORE THOUGHT: This is a great example of the empowerment of modern communications technology. Ten years ago I would never have written Oprah over this because that would have meant typing out a letter, printing it out, finding a stamp and mailing the missive. No way I would have gone to that trouble. But in today's world I can see Larry King Live, jump on my computer and quickly communicate with the Oprah Winfrey show. Ten years ago, Oprah may have ignored the whole issue but today she hears from a more diverse group of people, and, perhaps, in the end may come to a different conclusion.
# posted by Floyd Waterson @ Wednesday, January 25, 2006 0 comments 
Tuesday, January 24, 2006
House Emergency and Oprah
I'm in the middle of a house emergency so probably no posting today but I will tease you with this: my picture, that is a picture of me, may be on Oprah. I will report in full on this later, of course.
# posted by Floyd Waterson @ Tuesday, January 24, 2006 0 comments 
Europe Kicking Iranian Arse?
Interestingly it appears Europe is taking the threat of Iran developing or acquiring nuclear weapons seriously. How the world responds to Iran will say lots about how Bush handled Iraq. If countries such as Germany and France really do react seriously against Iran's dangerous statements about Israel and Jews in confluence with their trying to gain a nuclear capability it will make Bush's invasion of Iraq, despite a lack of world support (and, in hindsight, without an imminent threat of Iraqi nuclear capability), look even more shortsighted. But it's high time to knock down the rear view window and keep an eye on the dangerous road ahead.
# posted by Floyd Waterson @ Tuesday, January 24, 2006 0 comments 
The Changing Entertainment Media
I've pointed to a variety articles of predicting the merging of theatrical, DVD and TV release of films. The day has now arrived. The good news in the changing media world is that more niche audiences will be served. Plus, brilliant but not as popular fare such as Serenity and Firefly may be able to continue their stories despite a lack of mass appeal. Of course, Serenity should have been popular. Go rent it or buy it today.
# posted by Floyd Waterson @ Tuesday, January 24, 2006 0 comments 
Friday, January 20, 2006
Iran
Stuck in meetings but since I didn't write in more detail about Iran, as promised, I thought I'd point to this good summary of the situation. I don't necessarily agree with his conclusions but he does set up the situation fairly well.
# posted by Floyd Waterson @ Friday, January 20, 2006 0 comments 
Thursday, January 19, 2006
Iran Out of Oil
More on what to do about Iran in due course but wouldn't it be nice if we'd done more on alternative fuels and conservation in recent years so we couldn't be blackmailed by Iran's controlling 5% of the oil supply?
# posted by Floyd Waterson @ Thursday, January 19, 2006 0 comments 
Happy Birthday Ben
It was Benjamin Franklin's birthday on January 17th which I was remiss in noting. A special Poor Richards Beer has been brewed in honor of the great inventor/politician/revolutionary/man about town (these slashes could go on for quite some time but we'll stop here). This site tells you where you can fine the beer in your locale.
# posted by Floyd Waterson @ Thursday, January 19, 2006 0 comments 
The Latest Doom and Gloom
According to The Economist, "consumer spending and residential construction accounted for 90% of GDP growth in recent years." But allegedly the housing boom is over and there are even some signs of consumers reigning in, if ever so slightly, their spending. So where will the stimulus for growth come from now? Businesses have $2 trillion in cash. Are they our only hope, Obi Wan, from a pending recession? Or is it the fed that is saving us from our debt ridden selves? The money supply shot up $93.5 billion in the last two weeks; in the last six weeks it zoomed up $192.96 billion. Perhaps Greenspan's raiding the liquor cabinet one more time before he's booted out of the room will keep retrenchment at bay.
# posted by Floyd Waterson @ Thursday, January 19, 2006 0 comments 
Wednesday, January 18, 2006
Wouldn't it be Lovely?
The crazy Mayor of New Orleans was widely quoted as saying the hurricanes that hit his city were brought on by God himself (herself? itself?). He also said God meant for New Orleans to be an African American city: "It's time for us to come together. It's time for us to rebuild New Orleans _ the one that should be a chocolate New Orleans," the mayor said. "This city will be a majority African American city. It's the way God wants it to be. You can't have New Orleans no other way. It wouldn't be New Orleans."
Perhaps New Orleans can be the new Jerusalem and different peoples can start staking their claims to it and for decades we can blow each other up over it. I hereby stake the half-Jewish claim to New Orleans. Clearly God intended the half-chosen people to be in the majority of this great city. Quick, somebody find the lost 1/2 tribe flag and plant it on Bourbon Street.
# posted by Floyd Waterson @ Wednesday, January 18, 2006 1 comments 
Tuesday, January 17, 2006
Congratulations
Congratulations to the love birds, Cameron and Suzanne. See ya on April Fools Day.
# posted by Floyd Waterson @ Tuesday, January 17, 2006 0 comments 
Letter from Birmingham Jail
If I'd been posting during MLK Day, I would have linked to King's Letter from a Birmingham Jail.
# posted by Floyd Waterson @ Tuesday, January 17, 2006 0 comments 
The End of Dave
I didn't see it so I can't comment and I rarely watch Dave anymore but I'll be sad to see him go if this is true.
# posted by Floyd Waterson @ Tuesday, January 17, 2006 0 comments 
Sunday, January 15, 2006
Policy Not Politics
One of the Democrats' problems is their strange belief that the reason they lose elections is because they are not political enough. They believe that if only they were more like Republicans, and strategized more, were more hardcore political, they would do better. Democrats today believe they are as pure as the driven snow despite the fact they are overtly political in just about everything they do--from nominating someone for President only because he was in the military (which somehow made them credible on defense and foreign affairs issues) to the incredibly political questioning of Alito in the recent embarrassingly amateur hour confirmation hearings. Now, in the big foreign policy issue of the year--what to do about Iran-- Kevin Drum at The Washington Monthly blogs about the Dems needing to start thinking about Iran. But he says they need to do this not because Iran is a serious problem with a fundamentalist leader who doesn't believe in the Holocaust and wants to wipe Israel off the map and, oh, coincidentally is actively trying to obtain a nuclear option. No, it's not a policy issue to Drum. Instead, Dems need to start figuring out Iran because "it's idiocy not to think seriously about a subject that's at least 50% likely to be a major campaign issue. And the sooner the better." The Republicans have been inept and corrupt and sold their policy souls while in office. But the Democrats offer a most unappetizing alternative.
# posted by Floyd Waterson @ Sunday, January 15, 2006 0 comments 
Friday, January 13, 2006
Predicting the Future
Late night at the National Purchasing Managers Association where I participated on a panel predicting what would happen in the economy in 2006 (it will either go up or down). When I get a chance, I'll type up my predictions and you can make your appropriate investment decisions, build your bomb shelters, etc.
# posted by Floyd Waterson @ Friday, January 13, 2006 0 comments 
I Lost it Watching TV
Here's an article buttressing something we've talked about a number of times here: TV is increasingly producing a better quality product than movies. Alan Alda, of all people, nails it: "A lot of television programs are dealing with things that are interesting, complicated, subtle, that you don't see dealt with in movies. ... All movies these days seem like they have to submit their script to the Office of Preposterosity. You have to have three preposterous things in every movie, otherwise it won't get made."
# posted by Floyd Waterson @ Friday, January 13, 2006 0 comments 
Thursday, January 12, 2006
Larry King is Dead, Oprah is a Fool
I haven't watched Larry King in ages and so didn't realize he was dead. When I turned on the Larry King show last night to watch the revealed fraud that is James Frey in what was billed as an "exclusive interview" there was a corpse sitting in Larry's chair asking the same question over and over and spoon feeding the pathological liar excuses and lines. The corpse had obviously not even read thesmokinggun's thorough expose of Frey's lies, deceits and exaggerations. Then someone claiming to be Oprah called into the show and said Frey had gotten the "essential truth" of the story in his memoir, A Million Little Pieces. Strangely, the "essential truth" was the phrase Frey's publicists, er, Frey himself, kept robotically repeating to the corpse during the hour long show. By the end of the hour as the corpse handed over the broadcasting reigns to the insipid Anderson Cooper the inescapable conclusion one came to was that our cultural establishment are a bunch of blithering idiots and charlatans.
# posted by Floyd Waterson @ Thursday, January 12, 2006 0 comments 
Force Germany to Reevaluate Euro
Who is the world's biggest exporter? China? Nope. The answer is Germany which exports a third more than China and has a larger surplus. I keep waiting for calls from Congress to enact protectionist measures against Germany and to call on Germany to revalue the Euro. China is not even in second place; it's in third behind the United States.
1. Germany, $912 billion 2. U.S., $818 billion 3. China, $593 billion 4. Japan, $565 billion 5. France, $448 billion
Of course, the interesting thing about China is the explosive growth of its trade. China’s share of the world’s exports more than doubled from 2.9% to 6.5% in the last five years. In another five years will China have passed the United States and Germany to become the largest exporter in the world? Perhaps a better question is will American consumers be buying things with money they don't have and if they aren't, who will pick up the slack?
# posted by Floyd Waterson @ Thursday, January 12, 2006 0 comments 
Ancient Peace Dividends
I once wrote about how the end of the Cold War spurred the economy in the 1990s (along with the ATM machine!). It's not just the unproductive use of capital diverted to government for defense purposes (although a sometimes necessary use) that drags an economy. It's also the sopping up of intellectual capital. Peace dividends are, of course, as old as humanity. I was reminded of all this while reading A War Like No Other by Victor David Hanson about the Peloponnesian War. The great flowering of Greek culture was put on hold during the 30 year war amid sieges, raids, and battles. As Hanson puts it in regards to the siege of Plataea: So it went, back and forth, on and on, as challenge met response, the Greeks from dozens of city-states now using the same energy and genius that had crafted magnificent temples and created classical literature to fight over the tiny wall of a tiny town.
# posted by Floyd Waterson @ Thursday, January 12, 2006 0 comments 
Wednesday, January 11, 2006
Every Thing You know is Wrong
One of Orpah's book choices has been found to be a fraud by thesmokinggun.com. It's an incredibly long article but an amusing read because: a) Oprah was the perfect target—she loves these kind of stories and would want to believe it was true. Every hero has their Achilles heal and this is Oprah’s; b) the Smoking Gun is so excited about their scoop--they act like they're the NY Times with the goods on a chemical plant. The Smoking Gun clearly smells Pulitzer; and c) trying to decide whether Frey is a pathological liar or an exquisite con man. It’s kind of like he read all those memoirs out there where people talk about their horrid lives and Frey wrote a satire of these books…and then passed it off as real. I only wish I had thought to do this first.
# posted by Floyd Waterson @ Wednesday, January 11, 2006 0 comments 
South Park Taken Down
The boys of South Park were taken down by the Catholic League for broadcasting an "anti-Catholic" episode. I didn't see the episode in question and now I won't be able to thanks to the Catholic League (at least until it comes out on DVD) which apparently thinks it knows what I should and shouldn't watch.
# posted by Floyd Waterson @ Wednesday, January 11, 2006 0 comments 
Tuesday, January 10, 2006
"I don't know about this Alito business," my wife said to me. I don't either. I haven't followed the debate very closely. I will say I'll be more interested to hear Alito's views on executive power than on abortion.
# posted by Floyd Waterson @ Tuesday, January 10, 2006 0 comments 
The Seer of SamSpeak
I'm participating in a panel later this week in which I'm supposed to predict what will happen economically in the coming year. I'm the alleged international whiz on the panel. If you ever watch an expert panel just remember--they're probably not experts. I've participated in past panels and my role has generally been one to beat the drums of doom. The debt drum, the education gap drum, etc. But today, the economy seems relatively firm. GDP growth is strong, unemployment is still at historically low levels. U.S. businesses are rolling in nearly $2 trillion in cash. A little drummer boy rat-tat-tatting his gloomy predictions will be laughed off the stage by the audience, won't he?
What good will it do to say the U.S savings rate has gone from 10% in the Reagan years to 5% in the first Bush Administration to today nearly a negative savings rate? Will anyone listen when I note inflation is raging no matter what government figures say? Or what about the long term prospects for a country with medical and retirement liabilities the size of America's. We are a nation of illiterates we are told (not that any of them are reading this). A report recently determined there has been a sharp decline in adult literacy over the last decade, with only 31 percent of college graduates able to read and extrapolate from complex material. We are doomed are we not? Forget the statistics. We are, of course, doomed. After all, as Keynes said, "In the long-term, we're all dead."
# posted by Floyd Waterson @ Tuesday, January 10, 2006 0 comments 
Sunday, January 08, 2006
Cameron of the Rings
My wife and I watched the Lord of the Rings extended version DVDS over the holiday break and just finished them this weekend. The original plan was to view all three movies in one day. Um, that didn't happen. With the extra scenes each movie is now nearly four hours long. Then with the extras on each DVD we're talking about dozens of hours of viewing. The remarkable thing about the extras is even extras that we assumed would be boring turned out to be incredibly interesting. One extra, entitled something like "The Horses of Middle Earth," we almost skipped because we assumed it would be a dullfest. Instead it was a fascinating and heart warming look at the training of the horses used in the movie and the bonding between actor and horse (insert joke here). One part about Viggio Mortensen and his horse almost brings one to tears.
But this was nothing compared to the last extra on the Return of the King DVD. It was about the inspiration for the song, Into the West, the song at the end of the movie. The inspiration, it turns out, was a 16-year-old Kiwi filmmaker named Cameron Duncan. He had made a short flick that came to Peter Jackson's attention. One of Jackson's big causes is organ donation. Jackson called up Duncan to ask him to make a public service announcement for organ donations. However, when he called he found out Cameron had recently been diagnosed with terminal cancer. The extra talks about a final short film Cameron made called Strykeforce and then shows it. I'd say more but what you should really do is go rent the extended version of Return of the King and watch the very last extra on the second special features DVD. Even Tolkien would like it.
# posted by Floyd Waterson @ Sunday, January 08, 2006 0 comments 
Friday, January 06, 2006
Singularity
Courtesy of Instapundit, here's an interesting take on Singularity. The most interesting part is his list of new gains in technology in recent years. Consider the following statements that were all valid not long ago: Only a human can drive a car. Only a human can master the game of chess. Only humans can recognize an individual face. Only humans can understand continuous speech. Only a human musician can compose music in the style of Bach. Only a human can improvise jazz. Only a human can pilot an airplane.
In the next few weeks I'll be starting to read The Singularity is Near by Ray Kurzweil. Maybe then I'll have a better idea whether this is all a bunch of nonsense or not.
# posted by Floyd Waterson @ Friday, January 06, 2006 0 comments 
Still Torturing
I meant to link to this last week where Marty Lederman documents that Bush plans to continue to use torture despite lying to the public about his support for the McCain Amendment. Translation: I reserve the constitutional right to waterboard when it will "assist" in protecting the American people from terrorist attacks
# posted by Floyd Waterson @ Friday, January 06, 2006 0 comments 
It's the Stupid Economy
What will the economy do this year? I don't know but I offer a few stats for you. The money supply in the U.S. is being increased rapidly (as it is in most other countries), by more than 10 percent in December. The year 2005 was the first since the Great Depression that spending outpaced earnings. Americans $spent 39 billion more than they saved. On the other hand, household net worth is at a very high level. In fact, it is just about double what it was in 1995. Also, businesses have loads of cash that analysts are ready to spend for them. Of course, where they will spend the moola is the question. Meanwhile, the gold stock I own has headed into the stratosphere the last few months which many take as a sign of inflation zooming. The Nikkei in Japan took off too last year rising to 16,000. Does this mean the end of deflation in Japan? Of course, it has a long ways to go to reach its 1989 peak of 40,000. If the same thing happened in the U.S., the Dow would plunge to 3,500 and fifteen years later get to 5,200. So what does it all add up to? Will the economy rise or fall in 2006? It's obvious, isn't it? It will do both.
# posted by Floyd Waterson @ Friday, January 06, 2006 0 comments 
Thursday, January 05, 2006
Man or Movement
With Ariel Sharon's stroke and the breeching of Egypt by Palestinian extremists, all hell is breaking loose in Palestine, which is to say, it's business as usual. The presumed exit of Sharon from the Israeli political scene begs the age-old question of how much events are affected by man as opposed to merely flowing along as a current of history. Many people claim a Gorbachev was inevitable and the dissolution of the Soviet Union had nothing to do with Gorbachev, Reagan or anyone else. I tend to believe individuals and luck (or bad luck as may be the case) play a larger role than such folks think. For example, I always thought if Sakharov had lived through the end of the Soviet Union, he could have been that country's Mandela--a unifying figure who could have brought stability to the transition to freedom. Sharon, of course, is no Mandela or Sakhrov, but his exit will have an impact.
# posted by Floyd Waterson @ Thursday, January 05, 2006 1 comments 
Wednesday, January 04, 2006
The Price of Gas
When I filled up at the pump over the weekend gas was $2.05 per gallon for regular unleaded. Prices have fallen tremendously. However, they're still about 15 cents higher than they were a year ago. Generally, after February, gas prices will start rising and start really taking off around Memorial Day as demand rises. Will that happen this year and since it starts at a higher base does that mean gas prices will shoot even higher than last summer's?
# posted by Floyd Waterson @ Wednesday, January 04, 2006 0 comments 
Activist Judges
Talk about activist judges--a judge in New Mexico has granted a woman a restraining order against David Letterman who "contends the CBS late-night host used code words to show he wanted to marry her and train her as his co-host." This reminds me of when I worked for a U.S. Congressman and the office received received a letter complaining that Bryant Gumbel--then of the Today Show--was sending secret signals to her by the way he blinked into the camera. Gumbel was somehow controlling her and holding her hostage our constituent claimed. Of course, who is crazier, the woman in Santa Fe or the judge who granted her the restraining order?
# posted by Floyd Waterson @ Wednesday, January 04, 2006 0 comments 
Tuesday, January 03, 2006
John Hughes: Cinematic Genius?
The other night I noticed Planes, Trains and Automobiles was on TV and watched for a few moments since it's one of my favorite movies. I forgot it was directed by John Hughes, who has never been recognized as one of our great directors. But not only did he direct Planes, he also made Ferris Bueller's Day Off. I'd say that starts to put him in Scorcese territory.
# posted by Floyd Waterson @ Tuesday, January 03, 2006 1 comments 
The Markets
For those keeping score at home, the Dow was down slightly in 2005 while the S&P and NASDAQ were slightly up. All three are still down since 2000. Will the market rise above their 2000 peaks and reach new highs before the end of the decade? I say no but if I knew what I was talking about I'd be writing this from a laptop on the beach of my retirement home.
# posted by Floyd Waterson @ Tuesday, January 03, 2006 0 comments 
A Bunch of Garbage
Seattle's new rules for separating food waste, recycling and garbage went into effect today. If we screw up by 10% or more we start incurring monetary fines. I'm all for protecting the environment but the scheme our fair city has devised is typically loony. Here's a link to part of the rules defining which waste goes into which container. To provide all the rules, would take more links than I care to add here. The city, rather than protecting the environment is instead trying to change human nature. They'll be as successful at that as they always are, which is to say not at all. For those of you who get fined for putting the wrong trash in the wrong receptacle, here's the addresses of the city council and mayor where you can go dump...oh, never mind, there's probably a fine for that too.
# posted by Floyd Waterson @ Tuesday, January 03, 2006 0 comments 
Sunday, January 01, 2006
The Dude Abides
As every New Years Day, I watched The Big Lebowski. And so as we begin 2006, I leave you with the final words of the film: The Dude abides. I don't know about you, but I take comfort in that. It's good knowin' he's out there, the Dude, takin' her easy for all us sinners. Shoosh. I sure hope he makes The finals. Welp, that about does her, wraps her all up. Things seem to've worked out pretty good for the Dude'n Walter, and it was a purt good story, dontcha think? Made me laugh to beat the band. Parts, anyway. Course--I didn't like seein' Donny go. But then, happen to know that there's a little Lebowski on the way. I guess that's the way the whole durned human comedy keeps perpetuatin' it-self, down through the generations, westward the wagons, across the sands a time until-- aw, look at me, I'm ramblin' again. Wal, uh hope you folks enjoyed yourselves.
# posted by Floyd Waterson @ Sunday, January 01, 2006 0 comments 

|
archives
|