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Citation of some research showing essentially that conservative people are more scared of change than non-conservatives. Makes sense. Then the author ties this fear to the Republicans' political strategy of sowing fear (of communists, gays, liberals, etc.) to keep their folks in bed with them. Then he points to what might be an effective strategy for Democrats: sowing fear of religious nuts, conspiracy nuts, etc. Ain't politics grand?
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This is cool. It's a story about the only house for miles that survived Hurricane Ike. The house was built back in 2006 after the owners' original home was destroyed on the same site by Hurricane Rita. They asked the contractor to build a house that could withstand a Category-5 storm. As one commenter on the story said, I think the contractor who built it will be very busy over the next few years.
links for 2008-09-19
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CNN anchor using Twitter to get real time viewer interaction. Kind of cool, and shocking coming from CNN.
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Fred Wilson's very interesting take on the future of online advertising.
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Good stuff for anyone out there on their own in the work jungle.
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And you thought being upside down on your mortgage was bad. Try living over a bunch of unexploded ordinance.
Til Death
I was scanning the Winston-Salem Journal this morning and noticed the same last name on two obituaries. It ends up that Mildred Newsom Hinkle and her husband of 67 years Sanford Oscar Hinkle Jr. died on the same day. Both of their obituaries contained the following words: "…also passed on Sept. 16, giving new meaning to "’ till death do us part."
Pride
Early this summer our oldest Michael decided he wanted to try football. He’d never played a down of organized football in his life and he had no clue what he was getting himself into, but he decided to give it a go. All summer he attended workouts at school for three days a week, and usually three hours per day. Weight lifting was a big part of it, and since Michael had lifted only a handful of times in the past his body soon started talking back to him. Then there were the football drills, all foreign to him at the beginning, and the cardio training. He took it all and persevered. Then in August he came home from vacation and went straight into full practices and started wearing the helmet in the 90 degree-plus heat.
Finally the season started and he was issued his beloved 71 jersey. Then the first game came along against Glenn H.S. and he watched and listened from the sidelines, soaking it all in, but never getting into the game. No surprise there since he hadn’t even been wearing pads for a month. Then the second game against Carver H.S. came along and again he watched from the sidelines. Last week they played their third game against arch-rival Reagan and Michael thought he might get some playing time, but it didn’t happen and he was getting pretty dejected. We talked a lot about how it was important to keep playing hard at practice, to show that he had the gumption to pick himself up after disappointment and show what he was made of. We talked about how hard it is to work your way into a playing position once the coaches have their rotation set. We talked about the whole purpose being to try your hardest no matter the result and have no regrets at the end, about how the worst thing is to not give it your all and then wonder years later if you could have played if you’d tried harder.
And so Michael went back to school and practiced hard. He wasn’t happy, but he kept at it. Tonight his team played Parkland H.S. His sister Erin had soccer practice and I was at the field with her, wrapping things up when we I checked my phone and saw a text from his Mom, Celeste, telling me that his team was up 26-0 at the end of the third quarter. The message was 15 minutes old and we were 10 minutes from the game, and I figured that if Michael was going to get into a game then tonight would be the night. Erin and I ran to the car and I tried to make record time to the school. Erin called Celeste for an update and she told us that there were about six minutes left in the game and Michael hadn’t been in yet (she was wrong, but more on that later). Of course we got stuck behind every slowpoke driver in the county on the way over there and then Erin’s phone rang and Celeste told her that there were three minutes left in the game and it looked like Michael might be going in. I pulled into the parking lot two minutes later and Erin and I sprinted to the stadium. As I approached the fence I saw number 71 lined up in the middle of the line, nose over the center, and then the ball snapped and Michael got two fists full of jersey and stood the boy up on his toes. The runner took the ball around the end and Michael pursued. He didn’t get in on the tackle but he was in the mix. A play or two later he was out of the game and another boy got a chance to play. On the sideline Michael pulled off his helmet and I could see his smile from 50 yards away. After the game he told me that he was put in on the punt team at the end of the third quarter, but since he’d never practiced with the punt team he had no idea what he was doing. That also probably explains why Celeste didn’t see him go in the first time, seeing as there was no reason to expect to see him there.
All told Michael was in for five plays tonight, but I don’t care if he plays another down in his life because I couldn’t be prouder.
Mets! Mets! Mets!
This post is for two of my closest friends in particular, and they know who they are. They’re Mets fans. I’m a Cubs fan. They’ve abused me (with ample reason) over this for years. Now it’s time for a little retribution. Below is a 10 minute video of a drunk fan at Shea Stadium who passes out and has fellow fans stack cups on his head while taking pics and video of the whole thing. But what makes this a unique Mets thing is that some of the fans get their 10 year old kids involved. They start training their reprobates early up there at Shea don’t they?
Winston-Salem Journal Sports Boo Boo

Apparently it’s a bad week in the local newspaper copy editors union. Yesterday the Greensboro News & Record made a large gaffe when their very large headline stated an $85 million sum rather than the correct $85 billion, with a "b". Today we have a smaller, yet still embarrassing snafu at the Winston-Salem Journal. To the left you’ll see a scan of the sports section from today’s paper that landed in my driveway (click on it to see a larger version). You’ll notice that the text next the picture of the football player says "Write cutline here about what going on in this photo. Write it a bit more full." Don’t think that’s what they intended to print there. Wonder if that error appeared in every copy or only the part of the print run that I received? I’m also wondering what it means to write a bit more full.
links for 2008-09-18
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GetSatisfaction is a kind of social media version of customer service. It's described as a neutral ground where people can go there to ask questions, provide feedback or gripe about products and services from various companies and employees of those companies can go to respond.
links for 2008-09-17
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Video of an economist explaining the phenomenon of sovereign wealth funds buying US assets.
Germans Bomb Pearl Harbor!
The Greensboro News & Record had a boo-boo of magnificent proportions today. They had a huge headline on the front page about the government’s $85 billion loan to AIG. I mean huge like “Japanese Bomb Pearl Harbor” huge. Problem is that instead of $85 billion the headline said $85 million. To continue with my comparison that would be like them channeling John Belushi and running a headline that said “Germans Bomb Pearl Harbor.”
Their editor John Robinson wants to go back to bed (http://tinyurl.com/6rjqob) and Ed Cone has an image of the page at http://edcone.typepad.com/wordup/2008/09/best-read-in-dr.html Sent from my Verizon Wireless BlackBerry
Loving Analogies
I love analogies, especially when it comes to understanding complex things that I just don’t get. Yesterday I had the pleasure of sitting in on a presentation given by James Anderson, the President of SVB Analytics. He was giving a presentation on the US economy to a group of fairly senior business executives and he really did give an engaging, at times humorous, and very informative presentation. Here are two take aways that I enjoyed particular, and please note that I’m paraphrasing him.
America’s role in the world economy: Think of the world economy as a reality show set on an island with five players on a team. One player is tasked with building shelter, another with hunting food, another with starting a fire and the third with providing drinking water. Those four are countries like China and India. America is the fifth player and its job is to eat, and it has done its job very well but now the other members are ready to vote it off the island.
Credit default swaps: Think of the market as a $1 million Texas Hold ‘Em game being held in a Vegas casino with a room full of spectators. All of the spectators start placing side bets on which player will win, and eventually the amount of money in the side betting is $70 million vs. the $1 million that’s at stake in the actual game. Credit default swaps are the side bets. Now compare this description to the definition of credit default swaps on Wikipedia:
A credit default swap (CDS) is a credit derivative contract between two counterparties, whereby the "buyer" or "fixed rate payer" pays periodic payments to the "seller" or "floating rate payer" in exchange for the right to a payoff if there is a default[1] or "credit event" in respect of a third party or "reference entity".
If a credit event occurs, the typical contract either settles by delivery by the buyer to the seller of a (usually defaulted) debt obligation of the reference entity against a payment by the seller of the par value ("physical settlement") or the seller pays the buyer the difference between the par value and the market price of a specified debt obligation, typically determined in an auction ("cash settlement").
A credit default swap resembles an insurance policy, as it can be used by a debt holder to hedge, or insure against a default under the debt instrument. However, because there is no requirement to actually hold any asset or suffer a loss, a credit default swap can also be used for speculative purposes and is not generally considered insurance for regulatory purposes.
See what I mean?