Category Archives: The Economy and its effects

Countdown to Sequester and other problems

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“Sequester” will be a reality in less than two weeks.  Economic and political chaos visible on the horizon.  The Congress and the White House are in their respective corners, blaming each other.

McCain is yelling “cover-up!” on Benghazi, while under Bush’s watch, the attacks on our embassies were incalculable and the lives lost a moral travesty.

Syria is being armed by the Russians, even though Britain made a statement that Russia had stopped, further isolating Prime Minister Cameron from the EU and the world.

The President golfs with Tiger Woods. It is ok now, say those who only speak on the condition of anonymity, because he isn’t running for re-election.  I guess Michelle Obama hasn’t taught Barry enough about the rage of women.

The White House rankles partisan divides by leaking an immigration plan. Marco Rubio flamed out in his response to the State of the Union.  So much for Time’s savior of the GOP.

The Keystone Pipeline and fracking are gaining momentum even as the dire environmental implications are clear.

Ashley Judd is taking on Mitch McConnell for his Senate seat.  He looks ever more like a chicken that Frank Perdue wouldn’t serve.

For anyone keeping score on this contest between the government and nation, the nation is losing.  Badly.

Tax Day is coming up and for the first time in my life (read, even under George W. Bush), I am not proud to pay my taxes.  Why? A bunch of clowns run our government.

GROW UP OR GET THE HELL OUT.

 

 

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The First Sunday in February

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It is a Homeric epic.

Winner takes all. 

Family allegiances ripped across a field as brother battles brother.

Harbaugh versus Harbaugh

For glory. 

FOR HISTORY.

The Civil War?

Well, in a sense, except with a half-time show and commercial interruptions.  I give you . . .

The Super Bowl.

And more important than what happens on that ball field in New Orleans is the number of chicken wings purchased today.  It is a sign of economic recovery.  No joke. 

The estimates are that 250 million chicken wings will be consumed. 

One wing for every person in this nation. 

If more is purchased, then it is a sign of economic rebound.  If less, well, then, we are spiraling down into the Obama Recession (as I overhead someone saying after Friday’s GDP numbers). 

Or maybe people are eating healthier foods?       Maybe there are more vegans?    

What if there is an uptick in hummus, bean salsa, kale chips and those gross meat substitutes?   

I am not giving up on soy futures just yet.  But those twelve-pack taco and chicken finger samplers advertised on TV did have a certain appeal . . . .

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Fatigue Fatigue

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Election fatigue.  Fiscal Cliff fatigue.  War fatigue.  War hero sex scandal fatigue.  Bomb Iran or not fatigue. Crazy politicians saying psycho things fatigue. Human-engineered natural disasters fatigue. Finger-pointing fatigue.  European debt crisis fatigue.  Stock market sinking fatigue.  Living in precarious economic times (controlled by others) fatigue.  Dealing with a failing parent fatigue.

Wow, I am tired.  If one or more of these things come to fruition, it (or they) will dwarf the others and can send our nation, our society and/or just me into a tailspin.

In fact, I was too tired to get all excited that President Obama was re-elected.  I was more relieved that the months of uncertainty were over.  And BOB, who lives in a Red State, wrote a poignant Facebook post just before the election that made me re-think any self righteous glee after the president’s re-election.  BOB wrote:

I don’t post, particularly about politics. Others do, for whatever reason. I am certain that whoever wins the election tomorrow, and his supporters, will continue to be reviled and mocked by those that did not vote for him. I do not care who my friends vote for and will respect the fact that they believe what they believe. I do not try to lobby them and I ignore any efforts to lobby me. The diversity we have is what makes us a unique place in the world and what makes no sense to one makes all the sense in the world to another. So, my hope is that on Wednesday morning we get back to (or start) respecting each other, doing good in our own way and not just complaining about what others are not doing the way we see fit, and working together instead of bullying and demeaning, recognizing that it is too late to take all of that money that was spent (read: wasted) campaigning on all levels to help feed hungry mouths here and elsewhere around the globe. And that’s all I have to say about that.

BOB is a good and smart man.

But Nate Silver (fivethirtyeight.com) is my new pin-up boy (ok, so many levels of complexity there).  Nate:  you have gotten far too many love letters from straight and gay men and women for a numbers geek.  I think Brad Pitt’s agent is trying to have the exact tally sealed.  It is a Hollywood thing.  And that guy with a girl’s name who is really popular now is soooooo not loving you right now.  Neither is Karl Rove and that is just fine with me.

But, I digress, comme d’habitude.

I am so tired of our national issues being treated like a really bad reality TV show that masquerades as news.

I am hungry for good news, for hope, for public service without political advantage.  I am hungry for good things happening to good people who work hard and do the right thing.  I am hungry for a commitment by those of us who have more to share with those who have less.  Not wealth redistribution; rather, compassion.

Good policy and hope come from searching, sometimes emotional, debates about our national values and our common future and how we best meet the challenges ahead.  It involves compromise and respect.  It is not a winner-take-all game.

Until then, the fatigue will slowly, but surely, become indifference or powerlessness.  And, assuming it spreads beyond just me to the greater populace, that will bring a good and mighty nation to its knees more surely than any war or any economic crisis could ever.

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When breaking the law is just business as usual

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I have at least 3-4 bad parenting moments every day.  But my aim is to teach SOS that life is governed by a set of rules:

  • if you do something, then you live with the consequences;
  • never, ever, implicate someone who is innocent;
  • if you want to dance, you have to pay the fiddler;
  • if you feel guilty at night, then you need to apologize to someone in the morning;
  • if you’ve done something bad, you have to own up to it and try to make it right; and
  • if you lie, it only postpones the inevitable reckoning and aggravates anyone who would have been sympathetic to you.

SOS asked me about LIBOR and what exactly was being manipulated.  I tried to explain it simply and, to be honest, I was marginally successful (that is to say, inept).

I have been thinking about the Federal Reserve’s expressing concern 3 or 4 years ago, the Bank of England’s having to answer to Parliament, and a venerated international banking institution’s being rocked to its core.  And, there are many banks under scrutiny.  Then I read an article about the cheating, self-dealing and insider-trading done by Wall-Streeters that are just part of business as usual.

This week, I paid a sick amount of money in life insurance, long term care and disability insurance.  Am I a schmuck?  Are all these institutions houses of cards waiting to collapse and shatter my dreams and hopes of providing for my family?

I am tired of people cheating with my future.  If you want to mess up your life, hell, it is your life.  But when what you do affects POB, SOS and me, just be careful never to meet me in person, because, if you are putting my family at risk, I am capable of anything.  Anything.

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Something. Anything.

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Some days (ok, weeks), I feel in suspended animation, waiting for a sign, a direction, something.  I don’t think it is just me alone; the news, the economy, the pundits all talk about uncertainty and the absence of bold action.  Universal stagnation.

The Eurozone has been on the verge of collapsing, or recovering, for months.  Every day, European leaders are frantically accomplishing nothing while “contagion” threatens to spread.  

And who let Cyprus into the euro-zone?  Aren’t Greece and Turkey still fighting over that island?  Does it really need a bail-out or did it just get in line because it didn’t want to be left out of all the fun?

And, of course, we on the other side of the big pond are frightened and our markets volatile and businesses unsure. 

So we sit.  And we wait.  This is like watching a documentary on the Black Death Plague in slooooooow moooooootion. 

And the Supreme Court doesn’t often hand down a landmark decision that also tosses a curve ball into a presidential election (ok, other than in 2000) and so the Supremes are teasing this out to the very last day.  Ok ok ok, Messrs. and Mses. Justices, we all agree that you are so fabulous and powerful.  Now, give us the f%@#ing decision, ok?

So we sit.  And we wait.  And I wonder why some of the Justices don’t like broccoli so much, and why that seems absurdly relevant to the court decision. 

And then there is Taxmaggedon: the economic cliff that our nation slides off on January 1, 2013.  We spent too much on our national credit card and still no one wants to admit that, first, we need to pay the bill and, then, we can shoot the spendthrifts.

So we sit.  And we wait.  And I wonder why every event has to have a catchy (or actually not-so-catchy) name in order to signal that it is a big deal.  Taxmaggedon is apparently catchier than “elected officials not doing their jobs and compromising for the good of our nation and our economy”.  I think “Operation Nero” might be better, althought Congress is playing with something other than its collective fiddle.

And then there are Syria and Iran.  Syria has a vague “window of time” until it implodes with civil war.  Iran has a vague “window of time” before it can explode a nuclear bomb.  What should we do?  And when?

So we sit.  And we wait. And what does a window have to do with time, anyway?  And if it turns out we blew that window with Iran, do I really need to keep saving for retirement or going to the gym?

I could go on.  (No, really, I could.)  And I fear that either the resolutions that won’t come or, if they do, they give rise to more questions and more uncertainty.  

Sooo, I’m sittin’ and I’m watchin’ and I’m waitin’ . . . .

 

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Confluence of events and blogs

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Last night I was at the gym, in my usual (and clean), well-worn yet dorky gym attire, when I came upon the Sniffer at the water fountain.

As you may recall, the Sniffer (http://40andoverblog.com/?p=3247) feigned an allergy to perfumes so that he could come over to where SOB and I were companionably and half-heartedly “working out” (read, “chatting”) on side-by-side elliptical machines.  He sniffed and sniffed around us and then said, “I knew by looking at you that you weren’t the type to wear perfume. . . . ” And then he took the elliptical machine next to mine.  I think that line would turn off straight girls much less an almost-married lesbian.

The Sniffer has since tried to make conversation with me about various, incredibly odd, things.  I now think that he is socially inept and just wants to chat the way others do at the gym.  I started to feel bad for him, until . . . .

Back to the water fountain.  Sniffer half-turns to me and says in that loud voice that suggests he doesn’t know how to modulate volume:

“I almost didn’t recognize you without your “Friendships are Recession-Proof” t-shirt.  Do you have just one or is the recession over?”

This is what the shirt looks like.

For the story behind the t-shirt, click http://40andoverblog.com/?p=127

Really, sniffer?

Of course, I have to tell him in an equally loud voice that I had them made for my friends and they were popular enough that I had to do a second “printing” and ended up with six or so EXTRA of them.

“And they are always clean!” I bellow in a last exhausted gasp.

“So the recession isn’t over in your eyes?  Technically, it ended in . . . .”

Ok, I had to walk away.  His disquisition on economic markers (which I had overheard before) is mundane yet pedantic, jargon-y yet shallow, almost exquisitely so.

I met POB for dinner after the gym.  “How was your day?” she asked.  “I need new gym clothes,” was my response.

 

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How I learned to Relax and Enjoy the Newtron Bombney

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For many months, I have been tied up in knots over the contenders for GOP nomination. I am terrified that on the third Tuesday in January, 2013, someone will utter any of the following:  “President Romney”, “President Gingrich”, “President Paul” or “President Santorum”.

I watch the GOP debates, with all of the venal, xenophobic, hypocritical, self-serving garbage that the candidates spew.

Any of these people would destroy our nation.  Setting aside Ron Paul and Rick Santorum (who are not winning the primaries), Gingrich is just evil, mercurial and evil (it bears repeating) and Romney is clueless and changes position faster than some in our nation change underwear.

President Obama who was elected to fix everything in less time than it took to break it all.  And, he wasn’t supposed to break a sweat or a promise or make a mistake.  We were exuberant, irrational and naive about the true state of our nation.  No one — no Democrat, Republican, Libertarian, Tea Party-ist, whatever — would face any easier re-election bid.

Let’s just accept that.  If McCain had won, he would be called the GOP’s version of Jimmy Carter.

And let’s be clear — Obama’s campaign fed on the hopes and aspirations that we were electing a messianic politician.  He rode high and won on outlandish expectations that his campaign encouraged.  Once elected, he had to tamp down the expectations.  Because he found out just what he inherited and it wasn’t pretty.

But the GOP nominee can be the next president of the United States.  We cannot ignore that scary possibility.  (To wit:  GWB won 5-4 in the Supreme Court.)  Too many people are comfortable that Obama can beat either Romney or Gingrich, but the economy is fragile and people are deeply divided over President Obama (some for political reasons; others, for reasons that are, let’s say, less than Christian).  So, nothing is a sure thing.

Why am I scared? We have never been more divided as a nation.  And President Obama has incited the angry passions in the left wing of the Democrats and all of the Republicans — Democratic left, because he wasn’t nearly as “progressive” as they had expected and the Republicans, because he wasn’t nearly the effete liberal, scared-y cat they were hoping to skewer.

Now that the GOP is divided and frantically scrambling to blow back against a Gingrich nomination or presidency, I smile and relax.

If I set aside what the mud-slinging says about us and our society, I can talk about the debates in the same conversation as others talk about the Real Housewives of Los Angeles.  And no one knows I am talking about the political debates and our (G-d forbid) future president of our country.

I don’t know whether to laugh or cry.

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Life American Style

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You want to know why our society is crumbling?  Why we are losing our preeminence in education and innovation?  Look in the mirror.

These are the items that get equal billing in the news re-cycle in the US.  These are taken from CNN, Yahoo, MSNBC and FOX.  Ok, I cherry-picked.  And I re-ordered to prove a point.  So what?  I bet that I gave us more credit than we are due.  In order of (my manipulated) importance, accompanied by my snide remarks:

  • US consumer confidence is at an all time low.  No one is buying off-road vehicles for the urban terrain.
  • Banks are not lending and companies are not hiring because of confusion over the new laws that will go into effect over time.  Would you like us to re-enact Glass-Steagull (that was eviscerated when the GOP was in control)?  I bet you would take Dodd-Frank in a heart-beat.  So, shut up.
  • Did Anderson Cooper flub a critical question to Michele (Night of the Living Dead) Bachmann (two n’s so she is not a secret Jew) in the GOP Debate on Tuesday night?  Does she have a cause of action if she loses the GOP nomination?
  • The housing bubble has not bottomed out.  So, the economy has to stop and wait for that.
  • Unemployment is over 9% which is a reflection of the last 2.5 years and not of the implosion caused in the years that preceded it.
  • People are occupying Wall Street and financial centers across the country because they don’t understand why the American Dream is out of reach, but aren’t they anarchists?
  • Lindsay Lohan has to go back to jail because she overslept on her first day of community service.
  • Stock prices are lower.  “Euro Contagion,” baby.  (Wait, don’t tell me, it must be an ad for “The Black Death Has Returned,” in movie theaters everywhere.)
  • Qaddafi is dead after an insurrection against his brutal rule, but enough about that, oil prices are dropping and it is a sign of Obama’s failed domestic policies (I am still figuring out the latter).
  • The Queen didn’t mind a curtsey malfunction in Australia.  She is a woman of the people.
  • Not all of the 99% pay federal tax (but they do pay state, local and sales tax).  Nevertheless, they should be deported.
  • The GOP candidates are talking crazy talk in their debates about how much less taxes we ought to pay (and Herman Cain would not tax used goods but food — which cannot be sold “used” or “pre-owned” — would be more expensive than ever) and how we need a fence across our entire southern border because Martians and other aliens are landing and illegally entering our country and taking our jobs.  Who said the GOP doesn’t believe in UFOs?
  • Israel negotiated with terrorists because the release of one soldier was worth freeing 1,000 Palestinians non-POWs (“If you save a life, it is as if you saved the world,” said a great rabbi; it was also a smart move to undermine Abbas and his UN bid for statehood).
  • There are almost 9 billion humans in the world, at least 8 billion of whom live in abject poverty.  And I worry about my retirement accounts.
  • There is a faster and easier way to lose flab around your abs.  You mean I can watch TV, drink red wine and eat french fries (not together) and the fat will melt away?
  • Ashton’s and Demi’s marriage is on the rocks.  I didn’t know they actually got married.  Apparently, he thinks politics is sexy because . . . RIGHT before he was shtumping (I mean, stumping) for Obama.
  • The best and worst Versace styles are available at H&M stores.  He is dead, so I don’t get it.
  • Jessica Simpson (who IS she?) wants money to talk about her pregnancy.  It may be cheaper to buy “What to Expect When You’re Expecting”.
  • There are ten HOT Halloween costumes for this year.  You mean the French chambermaid outfit won’t work again this year?

Res ipsa loquitur.

 

 

 

 

 

 

 

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Serenity and Renewal

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My professional coach (not CAFOB) had sent me a New Year’s greeting card which I finally got around to opening at a computer (as opposed to a blackberry).  It was warm and wonderful and direct.  Wishing me the usual for the new year, but also renewal and serenity.

Eureka!!!  (My coach is awesome, but not as awesome as CAFOB who is my friend for 30 years.  If you need a coach, I can give you two people who are amazing.)

Renewal.  Not a theme of the Jewish new year (which has more of a return to G-d and atone theme).  More a Passover theme (spring time, rebirth and renewal of the covenant with G-d).  Nevertheless, I have been feeling the weight of creating business generating opportunities in a terrible economy.

I was so exhausted in August that when it came time for our family week in Montauk, I told the COB (colleague of blogger) that I would not be checking my blackberry and that all calls had to go through POB (partner of blogger).  Originally, POB told me there was no wifi where we were staying and only POB’s phone would work.  As it turned out, there was wifi and my blackberry worked.  If POB lied to me, well, then I love her more for realizing that I needed a blackberry-free zone.  Only twice did work intrude on the week.

When the world is in chaos, it is still navigable but it takes so much more energy that I often feel — well — spent.

My family re-charges me.  POB and SOS (our son, source of sanity) are my mainstays, but SOB (sister of blogger) and HOSOB (husband of SOB) and Cousin Gentle help hold me up.  They are daily miracles in my life.  Even DOB (father of blogger) with all his eccentricities grounds me.  And CB (Cousin Birder) links me to my mother’s family and he is such a wonderful guy. (I wish that CB only realized how awesome he is.  I lectured him about this on Rosh Ha-Shanah — of course I did.)

And there are my goddaughters.  They don’t have to love me because of family connection.  We created that connection together.  These relationships are among the most important in my life.

By their presence in my life, all of these people feed my soul, lessen my burden and give meaning to life.  They are my agents of emotional and psychological renewal.  I hope that I provide for them even a fraction of what they provide for me.

Serenity. Acceptance.  Roll-with-it.  What will be, will be.  Take it as it comes.  Don’t worry forward.  Be in the moment.

Discussion:  compare and contrast blogger’s personality with the above themes.  (Hint: no common ground, as in blogger is the antonym of each of these themes.  Don’t believe me?  Read Wikipedia (right after I send in my comments).)

Ok, clap your hands if you’ve heard this before:  someone has business in this economy, someone is figuring it out, someone is benefiting from all the problems!

Ok, if you have heard this, clap if you heard:  “An A minus?  What’s wrong with an A?  Did someone get an A?”

Whoa, I hear a round of applause throughout the blogo-sphere.

This serenity thing is a hard one.  But I did laugh these last two days when I looked at the wild ride of the stock market and how our retirement is now effectively pushed out to age 113.  I will be the dead, yet-propped up greeter at Walmart’s.  The company will love me because it won’t have to pay overtime (how will I know? I’ll be dead), and I won’t mind being in the freezer section.

At least I laughed.  Ok, gallows humor, but, hey, it IS a start.  I am trying to focus on the things that renew me because they also provide the building blocks of serenity — love, constancy and laughter.

*     *    *    *    *   *    *   *   *   *   *    *   *  *   *

But renewal and serenity are sooooooo much easier in a bull market and a roaring economy.  Just sayin’.

My coach knows me well.  This is the start of a journey for me — to allow time for renewal and to allow a sense of serenity in a chaotic world.

Really, email me if you want a lifeline (or two).

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Like a Hurricane

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Our newly re-acronymed child, SOS (source of sanity) needs to go back to TLP (the little prince), at least for a little while.

On Saturday night, we hunkered down after checking in on all local relatives who might need help.  TLP wondered why we couldn’t camp out at the beach like his cousin, his aunt and his other grandfather (not my dad).  (In fact, to add insult to injury, we made him come home from visiting them at the beach in anticipation of the hurricane.)

They aren’t camping actually.

In fact, they didn’t intend to “camp”, since they live in a perfectly lovely house in East Hampton.  We tried to explain that Hurricane Irene could cause downed power lines and flooding, which would then lead to “indoor camping” by necessity and not by choice.

TLP thought it would an important manly experience, except he forgot that he is a (little) man who likes his amenities, let alone “essentials” like TV, computer access, running water, flushing toilets, etc.

You get the picture. He knows what he wants until he realizes that it is not at all what he wants.  Until that eureka moment, he has the determination of . . . of . . . well, POB (partner of blogger).  Genes are a boomerang.

It is ok that he is not so self-aware of his lack of earthiness.  He is only 9 years old.

Sunday dragged on and on.  TLP couldn’t really focus on the usual mind-numbing TV because he wanted to go back out to the beach.   The hurricane washed out our week at the beach, at least initially.  When the owners of our rental called to say that the power was out and there was flooding on the property, TLP became inconsolable.  Ok, ok, ok, ok, his entire life up to this point has been a vacation.  It is I, I, I, I, I, I, who needs a vacation. Me, me, me, me, me. (It may be important to note that I am ranting here and not TLP.  I can see how you might be confused.)

POB needs some time away, too, but she has had the summer off so, this year at least, a week at the beach is more tradition and less a sanity-saving device.

I had already started looking at other options.  Of course, anything west required a plane and airports were backlogged.  Going south was clearly a non-starter since that was the trajectory of the storm.

Northwest, maybe. Lake George.  Aaah, the Sagamore.  I loved the Sagamore years ago, even though tennis whites were required on the courts and I had to buy clothes in the gift shop.  What does a New York Jew know about tennis whites?  Oh, yeah, Wimbledon.  But that is in England.  Oh, wait!  These people descend from those who came from England.  Ahhhh.

I called the hotel and they had available condos, etc.  So, maybe they allow lavender on the tennis courts?  After all, these are trying economic times.

I took down the information and said I would call back, because I needed to confirm with POB that she was ok with all goyim all the time at a WASPy retreat. POB has some of that blood line in her so I figured her first question would be ask what would there be for us to eat, because clearly she understands the differences in the traditions.  We don’t drink martinis and we don’t eat honey-roasted bar nuts (we eat healthy, raw nuts).  Clearly, we would starve.  In fact, she did ask, and I looked at her with the “after all these years, you think I can’t read your mind” look.  In a calm, but slightly hurt voice (intending to get some martyr points), I told her about the condos with full kitchens that we could stock up in case we couldn’t recognize any of the food.

I guarantee you the first thing anyone at the Sagamore would think upon seeing our family is not, “oh, Jews”.  Especially when they see my accidentally too-severe Janet Napolitano (US secretary of something) style of haircut (thank you, IFOB (Italian friend of blogger) for drawing that parallel).  In fact, I was betting on an upgrade to the furthest and possibly nicest available condo on the property.  We would get the privacy we want and, if they were particularly freaked out, I planned to ask about Shabbat services.  Hell, they would offer in-condo dining, absolutely free.  Grand slam homer for a patched-together vacation, if you ask me.

My delusions of vacation were interrupted when I called back to book the reservation.  In the 6 hours between my calls, Hurricane Irene had hit them hard.  That area was not supposed to be really affected.  I felt bad for my gloating over the dyke-Jew plague I was going to bring on them.  So, we’ll go there sometime soon, when my hair grows out and we will pay full price.  It is the least we can do.

Ok, no vacation plans.  And the boy who earns the acronym TLP is inconsolable.  So, today, Day 3 of When Havoc Struck The Blogger Family, we set out to the train museum in Danbury, Connecticut.  POB and I decided we needed a road trip and we needed to ease TLP into the staycation reality.  He was happy and POB and I were relieved to have him immersed in something.  And the trains were pretty cool, I have to say.

Tonight, we got word that our rented house will be in reasonable shape on Wednesday.  TLP is over the moon.  We are all relieved as well because it is good to get away.  Still, we have tomorrow.

Using some of my martyr points, I have cleared a Blogger mental health and physical wellness morning tomorrow, which means I get to run and look at the river for a while before we all have lunch.  Then, on to preparations for the delayed vacation.

I am thinking of showing TLP pictures of the damage caused by the hurricane and some pictures from Tripoli so he understands that life is not always a vacation.  I just don’t know when is the right time to introduce reality into a happy (and privileged) childhood.  I don’t want to scar him, but I want him to be grateful that we and none of our family was irreparably harmed in a natural disaster that claimed lives and livelihoods of so many.  I want him to have empathy, but I don’t want him to be afraid of what life throws in our path.  I want him to learn to “roll with it”.  I want him to understand his good fortune.  Maybe these are not 9 year-old thoughts and ideas.  Maybe that is too much to put on someone so young.

Parents out there:  HELP!!!

 

 

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