Friday 19 September 2008

Morford on McCain's better half

Mark Morford thinks she-who-will-no-longer-be-named-on-this-blog-because-she's-not-running-for-President is per se an insult to women's rights, and I have to agree:

[Thinking women] say: You've got to be kidding me. They say: This is what we get? This could be our historic role model? Two hundred years (OK, more like 2000) of struggle, only to have this nasty caricature of femininity try to hijack and mock and undermine it all?

...

WTF? Could it be true? Are cadres of formerly Obama-leaning white women really so enchanted by [her] gender and motherhood status that they openly ignore the fact that she basically wants to shove women's rights back about five decades? Can it be so simple, crude, sad?

But again, let us all remember, her purpose is to distract voters from the inconvenient fact that McCain is long past his "sell-by" date, and should under no circumstances be allowed anywhere near the nuclear launch codes, just in case he mistakes another NATO leader for Che Guevara.

David Braverman, Friday 19 September 2008 15:01:37 UTC
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 Thursday 18 September 2008

Cubs beat Brewers in 12; Magic number now 2

'Nuff said. That it went to extra innings disturbs me only a little. I'll be at the game against St. Louis tomorrow afternoon, but I won't see them clinch; the earliest that can come is at the end of Milwaukee's game at Cincinnati tomorrow night.

Also, the 2009 schedules are up. The Cubs open in Houston on April 6th. No word yet on when tickets go on sale.

Update: The Trib has the story of today's game.

David Braverman, Thursday 18 September 2008 22:32:33 UTC
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Sometimes you win. Sometimes you lose. And sometimes, it rains.

This evening the Cubs chose (B), against Milwaukee, so the magic number remains 4.

David Braverman, Thursday 18 September 2008 03:58:39 UTC
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 Wednesday 17 September 2008

Long solo flight

With my days for doing this sort of thing dwindling rapidly, I took advantage of the perfect weather this morning to do a cross-country solo flight: Chicago Executive, Madison, Kenosha, back home. And, of course, I have a Google Earth file, in which you can see that I overshot the turn to final on my last landing, which mars an otherwise good track. It's not apparent from the track, though, that winds aloft were around 30 kts, which accounts for the course corrections on the long legs.

David Braverman, Wednesday 17 September 2008 20:12:49 UTC
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Fundamentally sound Hoover

Via Krugman, a good description of how the Bush-McCain economic program resemples the Coolidge-Hoover program that caused the Great Depression:

The real cause [of the Depression] was the collapse of the banking system, which followed the crash in part because Hoover believed strong fundamentals would protect the economy from disaster.

For the likes of Hoover and McCain, asserting the strength of fundamentals is shorthand for saying that business leaders, with maybe a little cheerleading, can sort out the crisis and that Congress should not try to regulate their behavior. It's too soon to know if McCain will be proved right (I doubt it), but Hoover certainly turned out to be wrong.

At the time, Sen. Robert Wagner, a New York Democrat, characterized Hoover's response to the crisis as "the time-worn Republican policy: to do nothing and when the pressure becomes irresistible to do as little as possible." In fairness, Hoover didn't quite "do nothing," but he followed a script that may sound familiar to students of the modern Republican Party.

Why does the name "Santayana" keep popping up in my head? (Third quote from the bottom, perhaps?)

David Braverman, Wednesday 17 September 2008 13:53:31 UTC
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Cubs beat Brewers

And the magic number drops by two. Though, I gotta say, the top of the 9th was nerve-wracking—but Wood pulled through, finishing the game with a strikeout.

Philadelphia has clinched the NL East, so now it's beween New York and Milwaukee for the wild card, assuming the Cubs don't choke.

Oh, and the Cubs win has eliminated St. Louis.

David Braverman, Wednesday 17 September 2008 03:12:24 UTC
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 Tuesday 16 September 2008

Perfect Hallowe'en costume

One of my oldest surviving friends says she's going as Sarah Palin for Hallowe'en. After all, what could be more frightening?

David Braverman, Tuesday 16 September 2008 02:08:44 UTC
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 Monday 15 September 2008

Another Cubs win

And this one, a one-hitter. Magic number now 6. Milwaukee and St. Louis will be in town this week—I'll be at Friday's game—so the Cubs could, theoretically, clinch by Thursday.

Monkeys could, theoretically, fly out of my butt, too; but the Cubs clinching the division this week is actually more likely.

David Braverman, Monday 15 September 2008 21:59:35 UTC
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Krugman weighs in

Krugman elaborates on the events that made me say yesterday was scary:

The new system was supposed to do a better job of spreading and reducing risk. But in the aftermath of the housing bust and the resulting mortgage crisis, it seems apparent that risk wasn’t so much reduced as hidden: all too many investors had no idea how exposed they were.

And as the unknown unknowns have turned into known unknowns, the system has been experiencing postmodern bank runs. These don’t look like the old-fashioned version: with few exceptions, we’re not talking about mobs of distraught depositors pounding on closed bank doors. Instead, we’re talking about frantic phone calls and mouse clicks, as financial players pull credit lines and try to unwind counterparty risk. But the economic effects — a freezing up of credit, a downward spiral in asset values — are the same as those of the great bank runs of the 1930s.

More details as events warrant.

David Braverman, Monday 15 September 2008 13:00:05 UTC
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Feels like September. 1929.

AIG is about to die; Lehmann won't survive the night; and now, Bank of America has agreed to buy Merrill Lynch. Today has been one of the most frightening days on Wall Street since...well, you know:

Coming just a week after the government took control of mortgage lenders Fannie Mae and Freddie Mac, the magnitude of the industry’s reshaping is staggering: two of the most powerful firms on Wall Street, Merrill Lynch and Lehman, will disappear.

The weekend's once unthinkable outcome came after a series of emergency meetings at the Federal Reserve building in downtown Manhattan in which the fate of Lehman hung in the balance. In the meeting Federal Reserve officials and the leaders of major financial institutions were trying to complete a plan to rescue the stricken investment bank.

...

Merrill's chief executive, John A. Thain, and Kenneth D. Lewis, Bank of America’s chief executive, initiated talks on Saturday, prompted by the reality that a Lehman bankruptcy would ripple through Wall Street and further cripple Merrill Lynch, people briefed on the negotiations said.

And who may we thank for the seven-year free-for-all that has brought our financial system to its knees? Who was in power? The Greedy Old Party, perhaps? Hmmm....

David Braverman, Monday 15 September 2008 01:48:54 UTC
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 Sunday 14 September 2008

Single digits

Milwaukee lost the first game of their double header against Philadelphia this afternoon, so the Cubs' magic number is now 9.

Update, 21:00 CDT: The Brewers just lost 6-1. The Cubs' magic number falls to 8, with 16 games yet to play.

Later update, 21:15 CDT: The Cubs are right now schooling the Astros 5-0 in the top of the 9th at Miller Park. So despite the rain, today is turning out pretty well for the Cubs.

Final update, 21:30 CDT: Thanks to a 7-inning no hitter by Carlos Zambrano—the first Cubs no-hitter since 1972—the Cubs beat Houston 5-0, lowering their magic number to 7.

David Braverman, Sunday 14 September 2008 22:09:17 UTC
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And another one falls

Via Calculated Risk, Lehman bankruptcy expected before midnight tonight, after Bank of America pulls out of its rescue:

Bank of America Corp. abandoned talks to buy Lehman Brothers Holdings Inc., according to a person with knowledge of the matter, less than three hours after Barclays Plc said it wouldn't buy the faltering investment bank.

...

The U.S. government is racing to find a solution for Lehman before markets open tomorrow, two people familiar with the situation said. Barclays walked away because it couldn't get guarantees from the government or agree on a private-sector deal to mitigate what it called Lehman's "open-ended" trading obligations.

...

Banks and brokers today held a session for netting derivatives transactions with Lehman, or canceling trades that offset each other, in case the New York-based firm files for bankruptcy before midnight New York time.

Who said mortgage-backed securities weren't safe?

Update, 18:00 CDT: Yep.

David Braverman, Sunday 14 September 2008 21:27:15 UTC
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Rainiest day ever yesterday, might be worse today

Yesterday Chicago broke its all-time one-day rainfall record of 165 mm (set 14 August 1987) with 168 mm recorded at O'Hare, and the rain is still falling:

David Braverman, Sunday 14 September 2008 13:40:51 UTC
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Cubs-Astros series in Milwaukee

Stuff that makes you say "huh:"

The Cubs and Houston will play two of their postponed games at 7:05 p.m. Sunday and 1:05 p.m. Monday at Miller Park in Milwaukee, Major League Baseball announced late Saturday night.

The third postponed game will be played only if it affects the postseason situation, and not until the day after the end of the regular season. Brewers officials said they encourage fans heading to the games in Milwaukee to purchase tickets online and use the print at home feature to expedite the game experience.

...

Until Saturday afternoon, Houston Astros owner Drayton McLane had refused steadfastly to concede that rescheduling games in a hurricane-ravaged area was unfeasible, insisting the Astros deserved to keep their home-field advantage. The Cubs, meanwhile, continued to push for a switch to a neutral site, with Miller Park—aka "Wrigley North"—being their first choice.

Um...with the Brewers within spitting distance of the NLC pennant, I hardly consider Miller Park "neutral territory." But it is a good compromise. And, if I get my act together, I might go after all (once I figure out the Astros' rain-check policy).

Update: I may actually go to Milwaukee on Monday...

David Braverman, Sunday 14 September 2008 03:50:16 UTC
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 Saturday 13 September 2008

Not just Houston

We've had some problems from rain in Chicago today, and we're anticipating getting the remains of Ike tomorrow evening:

David Braverman, Saturday 13 September 2008 16:16:12 UTC
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Small favors

The Cubs' magic number remains 11 (with 15 games left), only because the Brewers were also rained out tonight.

I hope Ike doesn't hit Houston too hard tonight, and I think I'm joining all of Houston—Astros fans or not—wishing the storm had gone somewhere else.

David Braverman, Saturday 13 September 2008 04:08:04 UTC
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