Thursday, December 10, 2009

War of the Worlds, 1898-2007


Spielberg's version of War of the Worlds opens with a microscope view of a drop of water. We see what appears to be DNA and as the camera pulls back we see bacteria, etc. At the end of the movie the voice-over quotes the following from the original 1898 novel...(the Martians)slain, after all man's devices had failed, by the humblest things that God, in his wisdom, has put upon this earth. For so it had come about, as indeed I and many men might have foreseen had not terror and disaster blinded our minds. These germs of disease have taken toll of humanity since the beginning of things-- taken toll of our prehuman ancestors since life began here. But by virtue of this natural selection of our kind we have developed resisting power; to no germs do we succumb without a struggle...By the toll of a billion deaths man has bought his birthright of the earth, and it is his against all comers; it would still be his were the Martians ten times as mighty as they are. For neither do men live nor die in vain.


I recall reading that Smallpox alone killed 100 million people between 1900 and 2000.  The Plague in Medievel times killed 1/3 of the population of Europe.


Saw this movie at the theater. Great special effects. The sound the Martian machines make is awesome. That sound was described in the original book (ca 1900). The side plot about the dysfunctional family did not add anything. I was curious to see how Spielberg would do the film. It appears he borrowed from the original book as well as the 1953 film. Gene Barry and his female co-star from he 1953 film make a cameo appearance in this film.
You can read the original book on-line at the link below.
The War of the Worlds by H.G. Wells: A searchable online version at The Literature Network

Tuesday, March 24, 2009

The limits of Socialism

I don't know who Dr. Rogers is but this makes sense:
Dr. Rogers is quoted:
"Friend, you cannot legislate the poor into freedom by legislating the
wealthy out of freedom. And what one person receives without working
for, another person must work for without receiving. The government
can’t give to anybody anything that the government does not first take
from somebody. And when half of the people get the idea they don't
have to work because the other half are going to take care of them, and
when the other half get the idea it does no good to work because
somebody’s going to get what I work for, That, dear friend, is about the
end of any nation."

Margret Thatcher (former UK PM) said it this way: "Socialism works until you run out of other people's money."

Saturday, December 27, 2008

Crooks on Wall Street

The following is a quote from the columnist Larry Elder regarding events on Wall Street:
“Add the name Bernard Madoff to the pantheon of big-time thieves. The legendary billionaire hedge fund manager…now stands accused of running a massive Ponzi scheme…. To many, the Madoffs of the world confirm this "truism": the rich get rich not through hard work, risk-taking or crafty assumptions about the future. No, the rich get rich the old fashioned way: They steal. They profit through inside information, use their clubby network of eyes and ears, get a heads-up when storm clouds appear, and plunder the unsophisticated, and thus cleverly dodge the common misfortunes suffered by the "little guy."”

This columnist is not attacking free enterprise. He goes on to say: “… most rich folks do it the hard way. They get up early, bust their tails, and work harder than their subordinates. They treat their staff…with respect. In return, employees…work hard for a boss who shows his appreciation. Decades of work later, the boss suddenly wakes up rich.”

Honesty, the free enterprise system, education, the rule of law…we must believe in these in spite of the Bernard Madoffs of Wall Street.

Ltr to H-T 12/08

Saturday, October 18, 2008

Good Financial Advice

October 17, 2008
Op-Ed Contributor
Buy American. I Am.
By WARREN E. BUFFETT
Omaha

THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

So ... I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.

Why?

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.

Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.

A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.

Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.

Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.

Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”

I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.

Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company.

Sunday, September 28, 2008

Socialism by Increments

Do you know how much tax you pay? Consider this example: to buy a Chevrolet priced at $20,000 in Indiana you must pay a 7% sales tax plus licensing and excise tax. To manufacture your car General Motors, suppliers and dealerships must also pay taxes. These include corporate income taxes, real estate taxes, inventory taxes , employee social security tax and so on. Of course these hidden costs are included in the price of the car. How much does all of this add to the price? According to a Harvard economist the answer is 18% or about $3000.
So to purchase your Chevy you must earn an extra $3000 for the government tax burden. However, your earnings are also taxed. For simplicity let’s assume your net federal income tax rate is 15% after deductions. In Indiana you will also pay state income tax of 3.4% plus a 1% local option tax. Do the math and we find that we must earn about $24,800 to keep $20,000. So, adding it all up, the total tax burden in this case is $7,800 or 39% of the purchase price. Taxation is nearing the point where the USA will soon be a Socialist economy.

Sunday, July 27, 2008

The Next Generation of Thugs is on the Way


INDIANAPOLIS — A study shows Indianapolis Public Schools have the lowest graduation rate for black male students among 63 urban districts nationwide.
School leaders say they're working to turn around the statistics. In the 2005-06 school year, just 19 percent of black males graduated from IPS, according to the rankings compiled by the Schott Foundation for Public Education.
IPS has introduced dropout prevention programs and has worked to ease the transition into high school.
"This continues to emphasize what I've been trying to emphasize: the urgency of turning this district around as fast as possible," said Superintendent Eugene White. "I think we have the things in place now to do that."
One reason the district's graduation rates may be so low is the district's high concentration of students from low-income families.
That is a key predictor for which students are at risk for dropping out.
Urban districts elsewhere often encompass larger areas of the city, including more wealthy students in the mix. Only about a quarter of public school students in Indianapolis attend IPS, which has about 35,000 students.
IPS School Board President Mary E. Busch said the 2005-06 statistics do not reflect recent efforts, such as the district's push to connect with students and require alternative schools instead of expulsions.
"We're working hard to bring the graduation rates up," she said. "We have special initiatives and strategies in place to truly address the situation. We're not pleased with where we are."
But Mark A. Russell, director of education at the Indianapolis Urban League, said more work needs to be done.
"There is not a person in the state Department of Education charged specifically with addressing the achievement gap between blacks and whites. Does the IPS board have a committee on it?" he asked. "If we're wanting to save these children, where is the effort?"


Pasted from <http://www.heraldtimesonline.com/stories/2008/07/27/statenews.qp-5501176.sto?1217164858>

 

He ventured forth to bring light to the world


The anointed one's pilgrimage to the Holy Land is a miracle in action - and a blessing to all his faithful followers

Gerard Baker

And it came to pass, in the eighth year of the reign of the evil Bush the Younger (The Ignorant), when the whole land from the Arabian desert to the shores of the Great Lakes had been laid barren, that a Child appeared in the wilderness.

The Child was blessed in looks and intellect. Scion of a simple family, offspring of a miraculous union, grandson of a typical white person and an African peasant. And yea, as he grew, the Child walked in the path of righteousness, with only the occasional detour into the odd weed and a little blow.

When he was twelve years old, they found him in the temple in the City of Chicago, arguing the finer points of community organisation with the Prophet Jeremiah and the Elders. And the Elders were astonished at what they heard and said among themselves: "Verily, who is this Child that he opens our hearts and minds to the audacity of hope?"

In the great Battles of Caucus and Primary he smote the conniving Hillary, wife of the deposed King Bill the Priapic and their barbarian hordes of Working Class Whites.

And so it was, in the fullness of time, before the harvest month of the appointed year, the Child ventured forth - for the first time - to bring the light unto all the world.

He travelled fleet of foot and light of camel, with a small retinue that consisted only of his loyal disciples from the tribe of the Media. He ventured first to the land of the Hindu Kush, where the

Taleban had harboured the viper of al-Qaeda in their bosom, raining terror on all the world.

And the Child spake and the tribes of Nato immediately loosed the Caveats that had previously bound them. And in the great battle that ensued the forces of the light were triumphant. For as long as the Child stood with his arms raised aloft, the enemy suffered great blows and the threat of terror was no more.

From there he went forth to Mesopotamia where he was received by the great ruler al-Maliki, and al-Maliki spake unto him and blessed his Sixteen Month Troop Withdrawal Plan even as the imperial warrior Petraeus tried to destroy it.

And lo, in Mesopotamia, a miracle occurred. Even though the Great Surge of Armour that the evil Bush had ordered had been a terrible mistake, a waste of vital military resources and doomed to end in disaster, the Child's very presence suddenly brought forth a great victory for the forces of the light.

And the Persians, who saw all this and were greatly fearful, longed to speak with the Child and saw that the Child was the bringer of peace. At the mention of his name they quickly laid aside their intrigues and beat their uranium swords into civil nuclear energy ploughshares.

From there the Child went up to the city of Jerusalem, and entered through the gate seated on an ass. The crowds of network anchors who had followed him from afar cheered "Hosanna" and waved great palm fronds and strewed them at his feet.

In Jerusalem and in surrounding Palestine, the Child spake to the Hebrews and the Arabs, as the Scripture had foretold. And in an instant, the lion lay down with the lamb, and the Israelites and Ishmaelites ended their long enmity and lived for ever after in peace.

As word spread throughout the land about the Child's wondrous works, peoples from all over flocked to hear him; Hittites and Abbasids; Obamacons and McCainiacs; Cameroonians and Blairites.

And they told of strange and wondrous things that greeted the news of the Child's journey. Around the world, global temperatures began to decline, and the ocean levels fell and the great warming was over.

The Great Prophet Algore of Nobel and Oscar, who many had believed was the anointed one, smiled and told his followers that the Child was the one generations had been waiting for.

And there were other wonderful signs. In the city of the Street at the Wall, spreads on interbank interest rates dropped like manna from Heaven and rates on credit default swaps fell to the ground as dead birds from the almond tree, and the people who had lived in foreclosure were able to borrow again.

Black gold gushed from the ground at prices well below $140 per barrel. In hospitals across the land the sick were cured even though they were uninsured. And all because the Child had pronounced it.

And this is the testimony of one who speaks the truth and bears witness to the truth so that you might believe. And he knows it is the truth for he saw it all on CNN and the BBC and in the pages of The New York Times.

Then the Child ventured forth from Israel and Palestine and stepped onto the shores of the Old Continent. In the land of Queen Angela of Merkel, vast multitudes gathered to hear his voice, and he preached to them at length.

But when he had finished speaking his disciples told him the crowd was hungry, for they had had nothing to eat all the hours they had waited for him.

And so the Child told his disciples to fetch some food but all they had was five loaves and a couple of frankfurters. So he took the bread and the frankfurters and blessed them and told his disciples to feed the multitudes. And when all had eaten their fill, the scraps filled twelve baskets.

Thence he travelled west to Mount Sarkozy. Even the beauteous Princess Carla of the tribe of the Bruni was struck by awe and she was great in love with the Child, but he was tempted not.

On the Seventh Day he walked across the Channel of the Angles to the ancient land of the hooligans. There he was welcomed with open arms by the once great prophet Blair and his successor, Gordon the Leper, and his successor, David the Golden One.

And suddenly, with the men appeared the archangel Gabriel and the whole host of the heavenly choir, ranks of cherubim and seraphim, all praising God and singing: "Yes, We Can."

 
 

Pasted from

 
 

Saturday, June 28, 2008

Psychiatric hotline

Ring!
Ring!
-click-
Hello, welcome to the psychiatric hotline.
If you are obsessive-compulsive, please 1 repeatedly.
If you are co-dependent, please ask someone to press 2.
If you have multiple personalities, please press 3,4,5 and 6.
If you are paranoid-delusional, we know who you are and what you want. Stay on the line while we trace the call.
If you are schizophrenic, listen and a little voice will tell you which number to press.
If you are manic-depressive, it doesn’t matter which number you press…no one will answer.
Beep!

Saturday, June 14, 2008

Build It and They Will Come

Back in the 60s the proud liberal sponsors of the great society said that the housing of the poor had to be improved before they could advance. The taxpayers ponied up for huge apartment projects and the keys were handed over per the liberals plan. The new residents were not without support in their new homes. A Housing Authority police force was funded to supplement city law enforcement. The usual array of welfare, Aid for Dependent Children, and so forth was in place.

We all know what happened next. The brand new projects turned into cesspools of crime...giving bad connotation to the phrase "the projects". Notably in Chicago the infamous Cabrini-Green apartments were finally torn down after years of crime and vandalisim. And in St. Louis the Pruit-Igloo project met a similar fate. Once again the liberals get an A for intentions and an F for results.

In the story below notice that the apartment building mentioned is pre-WWII and yet is still a very much desired habitat. I believe the historic Dakota apartments on Central Park West were built before 1900. The point is that it's not the housing...it never was...it's the residents that determine the quality of life. Another obvious point liberals cannot understand.

New York Post June 12, 2008 --

A beloved Park Avenue doorman who won $5 million in the state lottery wants to move on up - and into the elegant, pre-war building where he works.

That way, "I'll have the doorman open the door for me," says Richie Randazzo, 44, a bachelor who lives in a two-story home in Brooklyn.

But the lucky winner will have to wait because the only apartment for sale in the building at 1021 Park Ave. at East 85th Street is out of his range. So for now, Randazzo, who plans to continue working, will be a millionaire who opens the door and hails taxis for millionaires.

The only apartment on the market in his building is an 11-room beauty that is going for a cool $9.95 million. And even though $5 million is nothing to sneeze at, it just isn't enough scratch - even for a scratch-off millionaire.

....But, taking the advice of his parents, Cora and Frank, who live in West Palm Beach, Fla., he decided to keep his job, because "it's too much too soon."

Saturday, May 24, 2008

A thoughtful and true quote

“Artists use frauds to make human beings seem more wonderful than they really are. Dancers show us human beings who move much more gracefully than human beings really move. Films and books and plays show us people talking much more entertainingly than people really talk, make paltry human enterprises seem important. Singers and musicians show us human beings making sounds far more lovely than human beings really make. Architects give us temples in which something marvelous is obviously going on. Actually, practically nothing is going on."

Kurt Vonnegut
—“When I Was Twenty-One," Warnpeters, Fama and Granfefloons, 1974