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Archive for December, 2008

Pro-Bowl

December 23, 2008 1 comment

Why is Brett Favre in the Pro Bowl? I am guessing John Madden stuffed the ballot box (in more ways than one). It’s really just ridiculous that this guy gets in based solely on his name and every announcer riding his you know what.

Lets look at stats: 

323 482 67.0 3239 6.72 56 21 4.4 19 3.9 30.0 213 84.0

That means, 67% 3239 yards and 21 TDs to 19 INTs… pro bowl caliber? 84 passer rating? Team on the verge of losing out on a playoff spot to a team who was 1-15 last year and is led by their former QB? Really? 

That brings me to my next point, Chad Pennington. I had my doubts about this guy from all the negative media publicity he had received in New York (call it the opposite of the Favre effect). However, I am a beleiver. The man cannot throw the ball with any kind of velocity. No doubt about that. But guess what, velocity might only be necessary in a game with 30 mph wind gusts. Luckily, Miami has not run into any of those and these are Chad’s stats:

 

299 446 67.0 3453 7.74 80 17 3.8 7 1.6 23.0 114 96.4

 

That means, 67%, 3453 yards and 17 TDs to 7 INTs… with the 2nd highest passer rating at 96.4. Not to mention he is leading a bunch of nobodys (Devone Bess, Greg Camarillo) on a team that went 1-15 the year prior. Now that is a Pro Bowl line. He has thrown for 200 more yards, and 12 less INTs… sure Favre has 4 more TDs but that is a horrible TD to INT ratio. Pennington throws over 2 TDs per INT… Favre is almost 1:1. 

RIDICULOUS… I am a Fins fan and dislike the Jets but this makes me dislike them even more. I can’t wait for Pennington to walk off that field Sunday victorious as the JETS fans weep uncontrollably when they realize the irony of the situation (if they even know what irony means). 

 

 

GO DOLPHINS!

GO DOLPHINS!

Obama Photo Essay

December 23, 2008 Leave a comment

Check out Time magazine’s photo essay. I wonder how much this lucky lady sold the photos for… 

Obama: The College Years – Photo Essays – TIME.

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Investor saw inside Madoff scam

December 23, 2008 Leave a comment

Imagine what will happen to all the billions of dollars the government has handed out if they can’t even stop a man who was known to be ripping people off for 9 years. 

“Markopolos waged a remarkable battle to uncover fraud at Madoff’s operation, sounding the alarm back in 1999 and continuing with his warnings all through this decade. The government never acted, Madoff continued his ways, and people lost billions.”

via Mass. investor saw inside Madoff scam – Yahoo! News.

Categories: Investments Tags: , , ,

$13.4 billion to Automakers

December 23, 2008 Leave a comment

Before I start, here is the excerpt that really got me going…

“The government will put other conditions on the loans, Bush said Friday, including making pay competitive with foreign automakers with large U.S. operations such as Toyota and Honda. Employees of foreign automakers generally make less than those in U.S.-owned plants.

The plan also puts limits on executive compensation and perks such as corporate jets, requires the automakers to adhere to fuel efficiency and emission standards and open books to government scrutiny.”

via Feds to lend $13.4 billion to automakers – CNN.com.

 

So let me get this straight… they are going to lower wages, put limits on executives, require them to adhere to our country’s laws (what?) and open their books?

Lets start with the first doozy. Apparently, now that they are getting all this money, the UAW (which, by the way, forced them into this situation by not re-negotiating their clients contracts) will be willing to lower their clients contracts. Now, read my last sentence over again. The same people who refused to even negotiate are now going to negotiate and agree to a deal in which their clients (union members) will have their pay and benefits slashed? 

If that’s not funny enough, they are going for the populous touch with the limit on executive perks. First off, this probably isn’t even legal. A company or entity (in this case the government) can NOT put that kind of prerequisite for a loan. Even if they can, which I doubt, are we really supposed to believe that executives will now start staying at the Holiday Inn? AIG has been lambasted repeatedly for their executive spending and yet THE CONTINUE TO DO IT! It’s like they don’t care. Good luck with this one. 

Now the last part of that statement: “require them to adhere to fuel efficiency and emission standards and open books to government scrutiny.” Does this imply that they were planning on NOT adhering to our standards, which are actually laws passed by Congress? So we are loaning money to company’s who were planning on breaking our federal laws? A convict walks into a courtroom. The convict tells the judge, “Judge, I will not steal anymore if you let me out of jail. I promise.” The judge says, “Convict, not only will I let you out of jail, but I will also give you $13 billion so that you will no longer have to steal.” Does this sound like that? I think it does. It’s so ludicrous that you might be laughing, but it’s not a laughing matter. The fact that the convict promises to not steal is ridiculous. You are an American, and as such you have to abide by the laws! RIDICULOUS!

Oh, and don’t forget, they are going to open the books to government scrutiny? Hopefully this government scrutiny is better than the scrutiny the SEC uses… or perhaps better than the scrutiny for the $350 billion that no one can seem to trace. 

Again the bush administration goes against the will of the people and congress to wage another crusade in a last ditch effort to wipe his dirty slate clean… only problem is his legacy is tarnished beyond doubt…

Categories: Bailout, Links, Politics Tags: , ,

Whered the bailout money go?

December 23, 2008 Leave a comment

This story comes from the Sun-Sentinel here in South Florida. Apparently its quite easy to lose $350 billion dollars. 

Whered the bailout money go? $350 billion later, banks wont say how theyre spending it — South Florida Sun-Sentinel.com.

Categories: Bailout, Links Tags: , ,

ESPN Page 2 – Gregg Easterbrook

December 17, 2008 Leave a comment

So I like reading this piece written by Gregg Easterbrook every week or so on ESPN.com. Now, ESPN.com isn’t exactly the “hot spot” for insights into American political happenings, but Easterbrook always touches a nerve with his article. This week he delved into AIG, the Senate and UAW. 

Here is the link to his column this week: Gregg Easterbrook

It is astounding to me that Congress consistently makes a mockery of the American people. Even worse is that most people never even find ouut what is going on. Hell, I didn’t know this was going on until I read his article! “$14 billion for cars and autoworkers making an actual product, no no no… we definitely need to investigate this further before we make a decision” – 

“$700 billion dollars for  cash flow because your P/E Ratio has declined on a bearish market due to a market correction? Well, don’t let me get in your way…” Easterbrook makes a great point on this and one that we shouldn’t simply laugh at (although it is tempting until you remember thats $700 billion that could have been spent on universal healthcare, improvements in education, or even more rebate checks for all of us). Now, the UAW definitely needs to take a lot of the responsibility for their misguided attemtps to point a finger at the Big Three. How could THEY not recognize that THEY HAD TO negotiate? Sure their workers got shafted years ago with horrible working conditions and poor pay, but c’mon, they make $50 bucks an hour (on average) now. Give it up… do you want a job that pays slightly less (maybe 35-40 an hour) or a government check for less than a year that probably won’t even come out to 20 bucks an hour? RIDICULOUS…

Lastly, this last excerpt from Easterbrook really gets me going: 

“Meanwhile, Congress is shocked to learn that the executive pay limits in the Wall Street and banking-industry bailout package are toothless. Who’s to blame? Congress. It was the members of Congress who voted for a bailout package whose executive pay “limits” were unenforceable, plainly intended solely as a PR exercise. Yet Congress did nothing. Now it turns out AIG is paying top executives up to $4 million each in taxpayer money as “retention bonuses,” justified on the transparently fake claim that otherwise they will jump to other lucrative offers… But what is Congress doing? Nothing!”

Ay caramba… Stupid is as stupid does… there’s a lot of stupid going on in our government.

UAW? You got it all wrong, its GW.

UAW? You got it all wrong, it's GW.

“The Root of All Evil” Debate « Unreasonable Faith

December 16, 2008 Leave a comment

Check out Richard Dawkins explain his argument during the taping of The Root of All Evil on CNBC…

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