Archive for July, 2011

Saturday, Saturday

Posted in Uncategorized on July 23, 2011 by a4synapse

I’ve always thought the program for Saturdays and Sundays should be changed; Saturday should be the universal day off and church day and Sunday should be the running around, getting things done day. Won’t happen.

One of my favorite horses, Jackson Bend won the James Marvin (7f) at Saratoga yesterday in a smashing time, just 2 ticks off the track record. Happy. He did it in style, too, coming up the rail and dominating after a killer pace.

Amy Winehouse has died in London from as yet unknown causes, but probably due to drugs and alcohol.

Hundreds of thousands in Syria demonstrated against the Assad regime. Momentum is building here; hope it continues.

A very good horse, Rewilding, died on the track at Ascot this morning. It’s part of racing, but it’s heartbreaking.

The United States is currently being governed by a rump party that doesn’t understand economics and finance; it is blindly following some malicious and stupid people based on a lot of slogans.

James Fallows at The Atlantic has a piece on Jennifer Rubin (at the Washington Post) and her comments on the mass murder/terrorism in Norway. She immediately published her notion that it was Al Qaeda-related and that there is no letup in the fight against terrorism (including how money must be spent on the effort). That’s one thing and she’s a known axe-grinder. As events have developed, however, Al Qaeda had nothing to do with it. She has neither withdrawn nor corrected her early remarks. That is the worst kind of laziness and is tantamount to dishonesty. Any journalist or public figure should withdraw or correct their public remarks if proven wrong. Fallows’ remarks are here.

The debt-limit showdown continues and gets worse (in terms of limiting options) and more damaging (markets and the rest of the world think we’re massively stupid). Sadly, it’s hard to counter that belief with the evidence.

Looking forward to the Coaching Club American Oaks at Saratoga. Bet on It’s Tricky.

The Piper Pays Him – There is a Retraction on The Original Article

Posted in Uncategorized on July 12, 2011 by a4synapse

As per Reuters today (7/12/11), Rupert Murdoch’s various enterprises have figured out how allocate resources, income, losses and things I don’t understand and probably never knew about so that the United States ends up paying his corporation. The News Corporation pays net negative taxes. Worth a read, but be warned, you may throw up in your mouth.

One commenter also points out that GE pays net negative taxes as well, as per the New York Times.

Read it here.

A Perfect Summer Day

Posted in Uncategorized on July 1, 2011 by a4synapse

And it is summer: presto! Mid-70’s, still, sunny and everything smells great. Opened windows and removed screens so that Frank may come and go as he pleases. He really likes that.

Went to the post office and the bank. This is always an exercise in diplomacy. There are moments when living where I do seems surreal. Maybe it’s listening to Arcade Fire. But watching overweight suburbanites be oblivious to one another is a source of wonder to me.

Minnesota is shutting down some functions because the legislators can’t agree on a budget. Mark Helperin has been suspended indefinitely by MSNBC for calling the President a schoolyard vulgarity on national TV. I think both instances of public misbehavior are just pathetic. People know better; it seems as though it has come down to asking for permission to act like a child in public. Congress is doing so, and damn the consequences for anyone else.

I thought we had solved the problem of massive deficits in the 90’s. And it wasn’t this difficult. Marjorie Margulies Mezvinsky (D-Pa) is one my heroes. She provided the single vote which raised taxes in 1994, paving the way for budget surpluses, and losing her seat in the next election. According the Bruce Bartlett, our taxes are the lowest they have been in a very long while; it makes sense to raise taxes, particularly for those that received outsize benefits from the unbalanced economy. Get over it, and get on with it.