Now for the Sales Pitch

BusinessWeek’s April 19, 2010 edition cover story is titled “THE HOT HAND OBAMANOMICS IS WORKING BETTER THAN YOU THINK.”  Newsweek’s April 19, 2010 edition cover story is titled “AMERICA’S BACK! THE REMARKABLE TALE OF OUR ECONOMIC TURNAROUND.”  

These are sales pitches telling readers how much the economy has improved.  Of course each article offers an array of graphs and art work to support their contentions.  It’s true that corporations have seen improved earnings.  That makes stockholders happy but most of us don’t own enough stock to experience any change in our lives. 

From the Investment Company Institute web site: The average 401(k) account balance moved up and down with stock market performance, but over the entire five-year time period increased at an average annual growth rate of 7.2 percent, attaining $86,513 at year-end 2008.

Another blog titled Bargaineering provides this data from the Employee Benefit Research Institute’s latest report on Individual Account Retirement Plans by age group (August 2009):  

  • < 35: $6,306
  • 35 – 44: $22,460
  • 45 – 54: $43,797
  • 55 – 64: $69,127
  • 65 – 75: $56,212
  • 75+: (sample size insufficient)
  •    

Some words of warning after you read this:  

  • Remember that this data is just data, you can’t draw any conclusions of what’s right or wrong from the statistics alone.
       

    If you’re “below average,” you shouldn’t feel bad about it. Age is not a good indicator of where you are in your life. Some people get a later start and others have a more inflated lifestyle, how much you’ve saved by when should only give you a bar to reach.

    If you’re “above average,” you shouldn’t rest on your laurels and think you’re doing great. Much like the words I wrote for those who are below, being above doesn’t mean you’ll have enough for retirement. You have a few years until retirement, a lot can happen then, so keep at it.

    Average doesn’t mean someone in their 20s that has more than $6,306 is set in retirement (or that someone with less is screwed). It’s estimated that you should spend about 4% of your nest egg each year. At 4%, your nest egg should last long enough. How does that 4% figure translate to your estimated yearly expenses? Divide how much you think you’ll spend by 0.04 and you have your target (based on that rule of thumb) – $50,000 a year requires a nest egg of $1.25M. 

  •  

Other web sites support the above data.  This translates to most of us DO NOT have sufficient savings to experience a consequential impact of a rising stock market.  
 
Since the week ending November 21, 2009 Weekly Initial Job Claims report from the U.S. Department of Labor have ranged from 432,000 to 496,000 people.  For the week ending April 10, 2010 those new claims were 484,000.  There has been no downward trend.  The same department reports that over 15 million Americans are unemployed.  The number of unemployed was just short of that number in August of 2009.  The numbers have not changed since then.  
 
 Why aren’t Tea Party demonstrators parading about this issue?  Apparently they are mostly White and well off! 

Hybrid Cars Are in Everyone’s Future

Hybrid care.com has gone overboard in their listings because they include diesel and high mileage internal combustion vehicles.  The owner of that web site needs the advertising revenue.  That makes the reliability of the data and opinions questionable. Motor Trend magazine, Popular Photography and other magazines that rely on manufacturers for survival cannot provide unbiased information.

News that UPS has expanded its fleet of alternative-fuel vehicles adds to the growing hybrid vehicle trend.  The number of auto manufacturers offering hybrid technology has grown substantially in the past few years.

I own  a 2001 Nissan Maxima.  It has a V6 internal combustion engine. On freeway and highway driving from Los Angeles to San Jose the mileage was 30 MPG.

Consumer Reports was a good resource for automobile reliability.  However, the error in not detecting Toyota acceleration problems has put the magazine’s reliabilty into question.   

                                                                  Combined
                                                                  MPG

Toyota Prius                                            50 MPG

Honda Civic Hybrid                                  42 MPG

Honda Insight                                         41 MPG

Ford Fusion Hybrid                                  39 MPG

Mercury Milan Hybrid                              39 MPG

Nissan Altima Hybrid                               34 MPG

Lexus HS 250h                                         34 MPG

Toyota Camry Hybrid                              33 MPG

Chevrolet Malibu Hybrid                          29 MPG

Lexus GS 450h                                         23 MPG

Mercedes S400 BlueHybrid                      22 MPG

Lexus LS 600h L                                      21 MPG

Hyundai Sonata Hybrid                           38 MPG

Hyundai Accent Hybrid                            n/a

Honda Fit Hybrid                                     n/a

BMW ActiveHybrid 7                               n/a

•Los Angeles Photo Gallery

So what am I doing with my Panasonic Z28 camera?  A camera class induced my purchase of this somewhat complicated device.  It can be used as a point and shoot but offers shutter priority and/or aperture priority and a variety of other controls..  The Los Angeles Photo Gallery on the right will be continuously updated.

Southerners Have the Right to Self Determination

The province of Quebec Canada was a French colony until September 1760.  In a war with France, the British took control and made the colony part of Canada.  The French speaking citizens never gave up their French connection and to this day the primary language spoken in that province is French.  There were two attempts in the latter part of the 20th century to vote for separation of Quebec.  Both elections were close but the province did decide to remain part of Canada.

Now we have the governor of Virginia declaring “Confederate History Month.”  Sons of Confederate Veterans has a web site calling the Civil War the “Second American Revolution.” The flag of the State of Georgia from 1956 to 2001 incorporated the Confederate flag.  The South Carolina State House in Columbia displays three flags in the following order from top to bottom: The Flag of the United States of America, The South Carolina State Flag, and The Flag of the Confederate States of America.  The Mississippi flag currently incorporates the Confederate States of America flag.

On my trips to Alabama, Georgia, North Carolina, South Carolina, Texas, and Virginia I was invariably faced with a native of those states wanting to discuss slavery and discrimination.  These were not subjects that I introduced.  As evidenced by Virginia Governor Bob McDonnell, many Southerners have not only not forgotten the Civil War, they would like to succeed from the Union.

I believe we should let them vote for secession just as Québécois voted.  If Southerners want to separate from the United States they should be given that right of self determination.  If a majority vote to stay part of the United States they should shut up and accept the rule of American law.

Who Cares About the Facts?

If you have read it, it must be true.  Blogs spew extraordinary amounts of mis-information.  Of course, those with a political point of view are trying to sell everyone their beliefs and write things that they know full well are lies or near lies.  That is the folly of freedom of the press.    

Thus we have the short piece in Newsweek’s April 12, 2010 edition titled “INDIA IS ANNOYED BY THE U.S.”  The author, Sumit Ganguly, contends in red text “But the Obama administration, preoccupied with China and the Middle East, has left little room on its schedule for India.”  Perhaps Mr. Ganguly was on vacation while we all saw the State Dinner for the Indian Prime Minister on every news show.  If you will recall that was the dinner with the uninvited guests.  The dinner received significant coverage by almost every news outlet.

Then there is Debbie Poochigian, Fresno County California Supervisor, and most likely a Republican.  Her poorly researched commentary only reinforces my perception that people support a candidate just because the person is a member of their political party.  On the Fox and Hounds blog she contends that Senator Barbara Boxer does not adequately support job growth in California.    However the facts do not support her contentions.  To the contrary when President Obama signed the recent jobs bill the Chicago Tribune quoted Boxer with these words, “This is a great day. Today, a million American workers — including 100,000 in California — know their jobs are more secure because we have renewed the transportation bill through the end of the year.”  Further more Boxer voted for the continuation of the C-17 aircraft program even though Secretary of Defense, Robert Gates, wanted to kill the project.  5,000 jobs were saved in Long Beach California as a result of this congressional action.

Unintended Consequences

For every action there is a reaction.  This is not news.  The concern ought to be the unknown consequences. 

Former Vice President Dick Cheney and others had predicted that the Iraq invasion would end peacefully in weeks after it was started.  It appears that no one considered there would be a sectarian war between Sunnis, Shias, and Kurds.  Nor did the administration consider many Iraqis would think the United States an enemy.

The State of Israel withdrew from Gaza expecting to see an end to the rocket attacks against their border settlements.  The result was just the opposite.  Palestinians were motivated to increase their attacks believing that they had succeeded in their efforts.

Health care reform has already created one unintended consequence.  A surprising number of companies announced they would be taking charges on future earnings because of tax law changes in the new law.  Heavy-construction equipment manufacturer Caterpillar that said the tax hikes would result in a $100 million drag on their first quarter because the bill Obama signed will cut the tax deduction businesses are given to provide their retirees with health care benefits.  AT&T, Prudential Financial Inc., John Deere Co., Valero Energy, AK Steel Corporation and 3M all announced that they too would take charge against earnings in response to the $1 trillion health care bill’s tax consequences on employers.

Could it be that all the leaders who put these situations into play actually realized there might be these kinds of consequences?  Perhaps they considered the possible results were prices worth paying.  Honestly I do not think they are that smart.  What did Obama mean when he said ‘change we can believe in’ ?

You Can Avoid Execution for Murder

White supremacist gang hit man Billy Joe Johnson got what he asked for from the Orange County California jury that convicted him of first-degree murder in October 2009: a death sentence.

It wasn’t remorse for his crimes or a desire for atonement that drove him to ask for execution; it was the expectation that conditions on death row would be more comfortable than in other maximum-security prisons and that any date with the executioner would be decades away if it came at all.

—

Huntington Beach, California Police Department detectives are trying to identify women, girls, boys and toddlers who appear in hundreds of photos seized from a storage locker in Seattle, Washington, that was rented by convicted serial killer and Dating Game winner Rodney Alcala.  Alcala, age 66, was sentenced to death on Monday, March 30, 2010 for killing five people. 

—

The Los Angeles Times reports that since 1977 the actual number of executions in California prisons is 13.  What are the chances that Alcala or Johnson will be executed?  It is unlikely.  California has the nation’s largest death row population, with 685 sentenced to die by lethal injection.  Five times as many death row inmates — 71 — have died over that same period of natural causes, suicide or inside prison violence. 

The reason the death penalty has failed to reduce murder is obvious.  The State of California rarely actually does conduct executions.

Next Year in the White House: A Seder Tradition

REPAIRING A DAMAGED IMAGE

Although this really happened last year it was not an event that came to my attention.  I suspect this re-write on New York Times page A1 is a set up to “make nice” with American Jews.


  Pete Souza/White House

Last year’s Seder, a White House first, saw the Macaroon Security Standoff.
By JODI KANTOR
Published: March 26, 2010 in the NewYork Times
WASHINGTON — One evening in April 2008, three low-level staff members from the Obama presidential campaign — a baggage handler, a videographer and an advance man — gathered in the windowless basement of a Pennsylvania hotel for an improvised Passover Seder.
 
 Pete Souza/White House
Susan Sher, who is now Michelle Obama’s chief of staff, at the White House Seder last year.

The day had been long, the hour was late, and the young men had not been home in months. So they had cadged some matzo and Manischewitz wine, hoping to create some semblance of the holiday.

Suddenly they heard a familiar voice. “Hey, is this the Seder?” Barack Obama asked, entering the room.

So begins the story of the Obama Seder, now one of the newest, most intimate and least likely of White House traditions. When Passover begins at sunset on Monday evening, Mr. Obama and about 20 others will gather for a ritual that neither the rabbinic sages nor the founding fathers would recognize.

In the Old Family Dining Room, under sparkling chandeliers and portraits of former first ladies, the mostly Jewish and African-American guests will recite prayers and retell the biblical story of slavery and liberation, ending with the traditional declaration “Next year in Jerusalem.” (Never mind the current chill in the administration’s relationship with Israel.)

Top aides like David Axelrod and Valerie Jarrett will attend, but so will assistants like 24-year-old Herbie Ziskend. White House chefs will prepare Jewish participants’ family recipes, even rendering chicken fat — better known as schmaltz — for just the right matzo ball flavor.

If last year is any guide, Malia and Sasha Obama will take on the duties of Jewish children, asking four questions about the night’s purpose — along with a few of their own — and scrambling to find matzo hidden in the gleaming antique furniture.

That event was the first presidential Seder, and also probably “the first time in history that gefilte fish had been placed on White House dishware,” said Eric Lesser, the former baggage handler, who organizes each year’s ritual.

As in many Jewish households, the Obama Seder seems to take on new meaning each year, depending on what is happening in the world and in participants’ lives (for this group, the former is often the same as the latter).

The first one took place at the bleakest point of the campaign, the long prelude to the Pennsylvania primary, which was dominated by a furor over Mr. Obama’s former pastor. “We were in the desert, so to speak,” remembered Arun Chaudhary, then and now Mr. Obama’s videographer, who grew up attending Seders with his half-Jewish, half-Indian family.

No one led the proceedings; everyone took turns reading aloud. Mr. Obama had brought Reggie Love, his personal aide, Ms. Jarrett and Eric Whitaker, another close friend, all African-American. Jennifer Psaki, the traveling press secretary, and Samantha Tubman, a press assistant, filtered in. Neither had ever been to a Seder, but they knew the Exodus story, Ms. Psaki from Catholic school and Ms. Tubman from childhood Sundays at black churches.

They peppered the outnumbered Jews at the table with questions, which the young men sometimes struggled to answer. “We’re not exactly crack Hebrew scholars,” said Mr. Lesser, now an assistant to Mr. Axelrod.

Participants remember the evening as a rare moment of calm, an escape from the din of airplanes and rallies. As the tale of the Israelites unfolded, the campaign team half-jokingly identified with their plight — one day, they too would be free. At the close of the Seder, Mr. Obama added his own ending — “Next year in the White House!”

Indeed, the group, with a few additions, has now made the Seder an Executive Mansion tradition. (No one considered inviting prominent rabbis or other Jewish leaders; it is a private event.)

But maintaining the original humble feel has been easier said than done.

Ms. Tubman and Desirée Rogers, then the White House social secretary, tried to plan an informal meal last year, with little or even no wait staff required. White House ushers reacted with what seemed like polite horror. The president and the first lady simply do not serve themselves, they explained. The two sides negotiated a compromise: the gefilte fish would be preplated, the brisket passed family-style.

Then came what is now remembered as the Macaroon Security Standoff. At 6:30, with the Seder about to start, Neil Cohen, the husband of Michelle Obama’s friend and adviser Susan Sher, was stuck at the gate bearing flourless cookies he had brought from Chicago. They were kosher for Passover, but not kosher with the Secret Service, which does not allow food into the building.

Offering to help, the president walked to the North Portico and peered out the door, startling tourists. He volunteered to go all the way to the gates, but advisers stopped him, fearing that would cause a ruckus. Everyone seemed momentarily befuddled. Could the commander in chief not summon a plate of cookies to his table? Finally, Mr. Love ran outside to clear them.

Mr. Obama began the Seder by invoking the universality of the holiday’s themes of struggle and liberation. Malia and Sasha quickly found the hidden matzo and tucked it away again, so cleverly that Mr. Ziskend, the former advance man, needed 45 minutes to locate it. At the Seder’s close, the group opened a door and sang to the prophet Elijah.

In preparation for this year’s gathering, Mr. Lesser and others have again been collecting recipes from the guests, including matzo ball instructions from Patricia Winter, the mother of Melissa Winter, Mrs. Obama’s deputy chief of staff.

“We like soft (not hard) matzo balls,” Mrs. Winter warned in a note to the White House chefs, instructing them to buy mix but doctor it. Use three eggs, not two, she told them; substitute schmaltz for vegetable oil, and refrigerate them for a day before serving (but not in the soup).

The Seder originated with Jewish staff members on the campaign trail who could not go home, but now some celebrate at the White House by choice. Participants say their ties are practically familial now anyway. “Some of the most challenging experiences of our life we’ve shared together,” Ms. Jarrett said.

No one yet knows exactly what themes will emerge this year. Maybe “taking care of people who can’t take care of themselves and health care reform,” suggested Ms. Sher, now Mrs. Obama’s chief of staff.

The evening might also reflect a group that has settled into the White House and a staff more familiar with the new custom. Last week, Ms. Sher was leaving the East Wing when a guard stopped her.

“Hey, are you bringing macaroons again this year?” he asked.

The Pope Should Resign

Misbehavior from larceny to sexual scandal to child abuse is not limited to the Roman Catholic Church.  Wikipedia lists 27 Christian evangelist scandals that do not include Roman Catholic clergy.  Among them are Aimee Semple McPherson, Jim and Tammy Bakker, Jimmy Swaggart, Ted Haggard, and Tony Alamo.  The Baltimore Jewish Times reported on money laundering by Jewish religious organizations this past February 21.

The Associated Press Reported on March 15, 1995: “The Rev. Donn Moomaw, who was Ronald Reagan’s minister for decades, resigned as pastor of Bel Air Presbyterian Church because of “sexual contact” with five women, the church disclosed.”  Initially the reverend stated that he was resigning for “personal reason.”    

Cardinal Joseph Ratzinger, the future Pope Benedict XVI, participated in precisely the sort of secrecy and administrative negligence that has been at the root of the sexual child abuse scandal that has rocked the American Catholic archdiocese.  

The pope in a recent letter to the Irish bishops fails to see his own culpability: “It cannot be denied that some of you and your predecessors failed, at times grievously, to apply the long-established norms of canon law to the crime of child abuse. . . . I recognize how difficult it was to grasp the extent and complexity of the problem, to obtain reliable information and to make the right decisions in the light of conflicting expert advice. Nevertheless, it must be admitted that grave errors of judgment were made and failures of leadership occurred. All this has seriously undermined your credibility and effectiveness.”

The pope should resign for “health reasons.”