Mud or Poop? UNC or Duke?

Ed Cone, a big UNC fan who otherwise is a very fine fellow, was asked by his wife why a UNC loss to Wake is just another loss while a UNC loss to Duke was like "drinking lye."  After getting over the fact that she actually asked him this after 20 years of marriage he came up with this: "It's like the difference between stepping in mud and stepping in dog poop, that's why."

Well I have to concur that Duke is like poop, but in my world UNC is mud. 

Dead Pool

Esbee's post about various states of local small businesses, some moving and some gone out of business, coincided with my discovery that the Back Yard Burgers in Lewisville has been closed since last month. Given that the Back Yard Burger website says "Under construction" I'm wondering if the whole chain went under.  After seeing that I'm tempted to start a "Dead Pool" for area businesses, but considering how depressing most of the economic news is these days it just feels too "icky."  

I will go so far as to say that my personal feeling is that the bloodletting in retail has just begun, and it hurts me to say that.  I love and respect entrepreneurs.  To me they're the true heroes in business, far more so than the titans who run the mammoth corporations.  Entrepreneurs put their financial lives on the line every day, while the corporate chieftains merely face public failure and perhaps losing their jobs.  Sure that's hard, but at the end of the day they still have their golden portfolios and they probably aren't facing the loss of their homes since they didn't have to put them up for collateral to finance their companies.

So let me say this loud and clear: Save the entrepreneurs and shop local.

Shows What I Know

Over the last few weeks I've had multiple conversations with fellow basketball fans about Wake Forest's young and very talented basketball team.  My take was that they were a good team, but they're young and I didn't think they'd played the kind of schedule that merited their high ranking.  When North Carolina lost to Boston College I figured that was their wake up call and they'd come into the Joel with a chip on their shoulders and beat the Deacs in a hard fought game with about a 10 point margin.  Although I thought that Wake Forest's win at BYU was a great win, and a big deal for a young team, I also thought that UNC would be the first real test for them and that their youth would betray them.  Happily I'm eating my words.

Is Winston-Salem Pursuing GMAC? If Not, Should They?

Talk about coincidence: a couple of days ago I was talking with some friends and we were discussing GMAC restructuring so they could get some of the government's bailout funds.  Someone asked where GMAC was headquartered and we all agreed that it was probably Detroit, but we weren't sure (we were in a bar and not inclined to do a quick online search).  The next morning I read that GMAC was indeed headquartered in Detroit, but they were considering a move to Charlotte because they already have operations there, the CEO used to be a Bank of America exec and kept his home in Charlotte after taking the position at GMAC, and they figure there will be some banking professionals looking for work when Wells Fargo starts laying people off.  (Since GMAC has restructured as a bank holding company they need to hire bankers).

So, are our economic development people here in Winston-Salem thinking about going after GMAC?  I think they should and here's why:
  • We have our own banking professionals suffering from the financial industry turmoil.
  • We have lots of nice office space ready and waiting. 
  • They'll be a bigger fish in our pond, thus more likely to get attention from our local leaders.  Businesses love that. 

Sure it's a long shot, but it's one of the better opportunities our community will probably see for a while so why not go for it?  And if someone says that we should play nice with our neighbors to the south my reply is, "Remember the Alamo merger!"  

You Know It’s Bad When the Hospital Hoses Its Own Employees

Did anyone else appreciate the irony of Baptist Hospital having to settle a lawsuit with their employees over health benefits?  From the article:

The lawsuit said that Baptist "violated the duties, responsibilities and obligations imposed upon them as a fiduciary" under the Employee Retirement Income Security Act, or ERISA.

The lawsuit accuses Baptist of requiring employees to pay more for services rendered at the hospital through MedCost than alternative health-care plans would have, including higher co-payments and lower discounts. It also said that employees paid higher fees than those required by MedCost from other corporate clients.

You may remember that I complained about my wife's MRI at Baptist last fall, so let's just say I'm sympathetic to the employees.

Pictures of That Fly Ash Spill in Tennessee

A photographer from Banner Elk flew over the site of the fly ash spill in Tennessee and sent the pictures and write up to the folks at the Freakonomics blog.  You can see the pictures and read her comments here.  This is scary stuff:

Three days earlier, a retention pond for fly ash (a waste product from burning coal) burst in Kingston, Tenn., spilling an estimated 1 billion gallons of sludge containing years’ worth of waste from the Tennessee Valley Authority’s adjacent coal-burning power plant over an area of 300 acres, Griffith explains. 

And you might recall that we have an operation similar to the TVA's here in the Triad

Businessman Uses His Sign to Call City Leaders Names

Since joining my town's Zoning Board of Adjustment I've heard a few complaints from people about various zoning rules, but I have to say that none of those people have ever taken to calling our town leaders names on their business' signs.  In Polk City, Iowa one businessman has taken his frustration out with town leaders by using the sign in front of his business to call them names.  If you click through to the article you'll see two pictures of his sign.  On one he wrote "Our Mayor and Council Sure Are Ass—-" and on the other he wrote "Our Mayor Sure is a Lieing Little Nazi Turd."  That's what I call freedom of expression, bad spelling and all.

Dr. David Slawinski, Possibly the Smartest DDS to Ever Live

Esbee wrote of her sons' dentist appointment at the office of Doctors Merhoff and Slawinski.  Then I noticed a comment that referred to the office as "Glamor Shots Dentistry" and that meant I just had to click through and check it out.  When I clicked through to their site I immediately thought, "This Slawinski guy is the smartest dentist I've ever heard of.  There's 18 people in that office and he's the only guy."  

I guess that makes up for having to stick your fingers in the mouths of thousands of germ-infested kids.

North Carolina Colleges Rated a Good Value by Kiplingers

Kiplinger's released its "Best Value" college rankings and North Carolina's schools ranked pretty well.  All of the following are Kiplinger's overall ratings for in-state tuition.

Public School Category
#1 UNC-Chapel Hill
#18 NC State
#25 UNC Wilmington
#29 Appalachion State
#43 UNC Asheville
#98 UNC Greensboro

BTW, my alma mater George Mason University came in at #46 and in general Virginia also did very well.  UVA was #3, William & Mary #5, Virginia Tech #15, Mary Washington #23 and James Madison #28.  

So if you put Virginia and North Carolina together we have 11 schools in the top 50.

Private Universities Category
#5 Duke (Just ahead of Harvard)
#20 Wake Forest (Just ahead of Georgetown)
#29 Elon (Just ahead of U of Southern California)

Private Liberal Arts Colleges Category
#4 Davidson (Just ahead of Washington & Lee)

All in all North Carolina stacked up pretty well, although even the "best value" schools had some scary price tags attached to them.  I pine for the old days during my first semester at George Mason (fall 1985) when I lived at home and paid $750 in tuition for a full 16 hour class load. Now it's $3,756. Ouch.  BTW, if the school's tuition had risen at the same rate as inflation then the cost would only be about $1,430. Of course by the time I graduated in 1989 I think the tuition rate was already over $1,100 for a full class load so I shouldn't be surprised it kept going up at a fast clip.

We North Carolinians are More Bummed Out Than the Rest of the Country

Apparently people in the Southeast have a lower level of confidence in the economy than the rest of the country, and we here in North Carolina have the lowest confidence in the Southeast.  According to this article 70% of us have less confidence in our job security than six months ago and 35% of us feel it's likely we'll lose our jobs in the next six months. News like this won't help.

I have a bold prediction: ABC stores are going to do record business this year.