Friday 31 July 2009

What would $20 gas look like?

The Freakonomics blog interviews author Christopher Steiner about his book $20 Per Gallon:

[At $8 per gallon, predicted in 2019,] our restaurant world won't be terribly different from what we’re used to now. We'll always have Chinese food — or at least the Americanized version of it (batter it, fry it, smother it in sweet and tangy sauce). The tricky part of the question concerns foods like sushi. When gas is $8 per gallon, sushi will still be hanging around. Things get interesting, however, at $18 per gallon.

By the time gas has reached $18 [predicted in 2029-2039], most people will live in places where density dictates that schools be grouped closer together, putting them within an easy walk or a brief bike ride.

Q: What are some things you suggest people enjoy now before they’re gone?

A: Eat sushi. Drive the trans-Canadian highway (in summer). Go to Australia. Go see Tokyo and take notes — life will be more like that and less like, say, Omaha, in the future.

I wish I had time to read this book. Maybe if I get all my Duke reading done before next week. As if.

David Braverman, Friday 31 July 2009 14:08:36 UTC
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Cubs win, return to first place

The Cubs' win against Houston yesterday started early. Here's the scoreboard after Kosuke Fukudome's two-run double in the 3rd, right before Ryan Theriot got to first on a throwing error:

More after the jump.

David Braverman, Friday 31 July 2009 13:54:51 UTC
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 Thursday 30 July 2009

Let's raise our glasses one last time

I'm going to be in London two weeks from now, so it saddened me to hear this on NPR's Morning Edition today:

The British Beer and Pub Association says an average of 52 pubs are closing each week. Changing consumer tastes, a two-year-old smoking ban and the deepening economic recession have hit pubs hard. But for thousands, the death blow has been dealt by rising government taxes on beer — up to 20 percent in the past two years. The traditional pint glass of beer now runs about $6, meaning few working-class Brits can afford that other British tradition: buying your friends a round.

Prime Minister Gordon Brown has refused to reconsider further increases in the tax on beer. Industry leaders say that means thousands more pubs will close their doors.

...

"There is no alternative to the pub," [Fuller's Brewery's chairman Michael Turner] says. "It is the center of the community. And all the social interaction that goes with a pub is likely to be lost when the pub goes. I mean, you can go from three pubs to two pubs in a community, but when you lose the last pub — that's it."

Very sad.

David Braverman, Thursday 30 July 2009 00:55:25 UTC
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 Wednesday 29 July 2009

Stupid lawyer tricks

When Chicago-based Horizon Realty sued a former tenant for defamation because of a Twitter tweet, did anyone tell them how badly this could go for them? Seriously, that's some atrocious lawyering:

"Who said sleeping in a moldy apartment was bad for you? Horizon realty thinks it's okay," Amanda Bonnen apparently wrote in her Twitter feed May 12 at 9:08 a.m.

Horizon Group Management, which leased Bonnen's Uptown apartment, wasn't pleased.

Last week the company filed suit against Bonnen in Cook County Circuit Court, claiming Bonnen "maliciously and wrongfully published the false and defamatory Tweet."

(More after the jump.)

David Braverman, Wednesday 29 July 2009 22:09:06 UTC
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A380 arriving at Oshkosh

"Landing" might be too subtle a term for it, but when you put 327 tonnes of airplane on a runway designed with Cessnas in mind, graceful is less important than intact. This is what a super-jumbo looks like landing at OSH:

Yes, they can use the airplane again. Possibly the runway, too. (Note: "PIO" is "pilot-induced oscillation," which you can see on three axes in the video.)

David Braverman, Wednesday 29 July 2009 21:28:32 UTC
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 Tuesday 28 July 2009

Forget about who will bell the cat

Put a camera on him instead:

In the beginning there is one big question and a lot curiosity: that is the cat doing all day long ? The solution and answer is the CatCam. The small digital camera is attached to the collar of the cat. It features a user programmable timer function. Based on the interval time it takes automatically pictures or video clips (based on version). The unit is protected against shock, dirt and humidity in order to survive the cats lifestyle.
David Braverman, Tuesday 28 July 2009 22:16:20 UTC
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Palin, interpreted

Ah. It all makes sense now (via the Daily Dish):

David Braverman, Tuesday 28 July 2009 14:47:53 UTC
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Still hanging on

The Cubs, against all logic and reason, remain in first place, half a game ahead of St. Louis, thanks to Alfonso Soriano's walk-on grand slam last night in the 13th, and remained as humble and gracious as ever:

"I play nine innings all the time," Soriano said. "I had three strikeouts and was 0-for-5, but in that last at-bat, I changed my day. I got the victory tonight, and I think everybody is happy now."

But it was Soriano who looked like the goat in the 11th when he stood at the plate on a grounder to third. [Plate umpire Mike] Everitt ruled the ball was in play, though Soriano insisted it went off his foot for a foul.

"I told him, if I say the ball hit me in my foot, it hit me in my foot," Soriano said. "I don't have to lie."

Mustn't complain, mustn't complain...they did win the game after all.

David Braverman, Tuesday 28 July 2009 13:14:38 UTC
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 Monday 27 July 2009

Good rundown on the 787

The Economist's Gulliver blog sums up the unfortunate problems with Boeing's biggest project:

The latest delay looks like the most serious yet. In May, routine bending tests in the workshop showed the wing structure to have separated from its skin ("delaminated") at 120%-130% of the load limit. To pass muster with the Federal Aviation Administration and other certification bodies, wings have to sustain at least 150% of the load limit without rupturing.

The problem...has been identified in the past and recognised as a problem. The issue has arisen on other composite airplanes. Indeed, the stress point at the end of the 787 stringers showed up as a 'hot spot' in Boeing’s computer models before the delamination in the wing bend test—but for some reason was never addressed.

It's worth a read, as are the articles Gulliver linked to.

David Braverman, Monday 27 July 2009 17:09:07 UTC
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 Sunday 26 July 2009

Cubs sneak into first place

No, really. I am not making this up. They won their fourth in a row today, and St. Louis dropped their last two, so the Cubs are a half-game up.

Too bad the National Weather Service doesn't report from hell. That would be interesting today...

Update: It turns out, they do, but it doesn't seem to be snowing there. Hmmm.

David Braverman, Sunday 26 July 2009 22:20:38 UTC
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Almost forgot

Wasn't yesterday Sarah Palin's last day as a public nuisance official?

Did anyone outside Alaska even notice?

David Braverman, Sunday 26 July 2009 19:19:01 UTC
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Craig Ferguson on the Deification of Youth

Via The Daily Dish:

Ok, I really must do some work now.

David Braverman, Sunday 26 July 2009 16:55:09 UTC
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The IM-SAFE checklist

Pilots will tell you they'd rather be down here wishing they were up there than up there wishing they were down here. (See also, "All takeoffs are optional; all landings are mandatory.") Most of the time it's an easy choice for private pilots whether to go for a flight, especially in Chicago where the weather, not to put too fine a point on it, often sucks.

Today, I had scheduled a flight, but I decided to stay on the ground after thinking really hard about it. Right now Chicago Executive reports scattered clouds at 3600 ft and a medium (9 kt) breeze; nothing I can't handle. However, the forecast calls for gusts to increase to 18 kt, thickening clouds, and the possibility of thunderstorms this afternoon.

Today's mission, though, was simply to fly up to Waukegan or Kenosha, shoot some landings, and return. Today's weather forecast ordinarily wouldn't stop the flight, because as the weather deteriorates, I only have to fly 15 minutes and be home. Not to mention, I'll never be more than 6 minutes from an airport, as the whole point of the flight is to practice landings.

So why stay on the ground? Because I decided I didn't meet the IM-SAFE checklist. Here's how it went: Illness, no; Medication that causes physical impairment, no; Stress, hmmm; Alcohol, no (nor its effects—the FAA considers "under the influence" to include a hangover, even with a zero blood-alcohol content); Fatigue, hmmm again; Emotion: not an issue.

See, today, I'm thinking about the stack of reading materials for Duke on top of a lot of client work due this week, and even though I got a good night's sleep, I feel like I could have gotten more. Am I safe to fly around the airport and practice landings feeling like this? Yes, I believe I would be—if the weather were perfect. But the winds and clouds are going to increase while I'm getting fatigued from all those landings, which means each landing will be much harder than the last one. That means I probably won't learn from them, I'll probably start to get frustrated, and then by the time I return to Chicago Executive I'll be cranky, tired, and fighting gusty crosswinds while trying to get an aluminum tube to fall 500 m out of the sky so gently that someone can use it again. Not to mention, it's an hour-long drive each way, two hours in which I could be writing for clients or reading for school.

So it's a very tough call, and I'd really like be up there today. Just not enough to risk wasting the trip.

David Braverman, Sunday 26 July 2009 16:45:10 UTC
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 Saturday 25 July 2009

Today's Daily Parker

Parker and I had a great two-hour walk this afternoon, punctuated by essays on Botswana and economic institutions (Duke reading). We stopped to admire the view at North Avenue, though I think Parker was more interested in the speedboat than the skyline:

David Braverman, Saturday 25 July 2009 22:31:16 UTC
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 Friday 24 July 2009

Her Majesty's Recession

Apparently the Duchy of Lancaster, which is essentially the property of the British Royal Family, has suffered a bit of a decline:

The Duchy of Lancaster - a portfolio of land, property and assets held in trust for the Sovereign - saw a drop of £75m to £322m in the 2008-9 financial year.

But the income the Monarchy received from the Duchy, used to fund her public and private activities, increased by 5.4% from £12.6m to £13.3m.

During the last financial year, the total cost to the taxpayer of keeping the monarchy increased by £1.5m to £41.5m.

The Beeb notes, however:

[T]he Duchy of Lancaster is a body created under Charter, it is completely self-financing and does not rely on any taxpayers' money.

Foreign Policy adds:

This is further bad news for her Highness, who has had her many, many requests for increases to the royal budget rejected by parliament in the last year. The monarchy's annual expenses currently run at £41.5 million, excluding an estimated £50 million in security costs. Nonetheless, Palace officials continue to engage in talks with the Treasury to elicit more funding for the Crown for, amongst others, planned household refurbishment and the 2012 diamond jubilee celebrations.

The Queen recently dipped into her now-dwindling private funds to pay for a few royal expenses, including Prince Harry's latest trip to New York.

The most surprising thing to me, though, is that £90 million doesn't seem like a lot of money, given the income to the country the Royals may generate merely by existing. How much money from tourists comes in because of the Royals? Has anyone studied this? And how much do most countries spend on heads of state, to what benefit?

David Braverman, Friday 24 July 2009 19:11:41 UTC
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 Thursday 23 July 2009

Quick hits

Lots to do for the next, oh, 17 months, so I thought I'd get started. My first Duke box arrived today, containing 6 kg of books, course packets, handouts, and more books, all of which have to be read by August 15th. Fortunately I have a few extra hours each day to do all this (I use them to sleep right now, so they're kind of wasted).

Just a couple news stories of note today:

  • President Obama gave an hour-long press conference yesterday in which he spent 50 minutes discussing the single most important domestic-policy issue in the U.S. right now, health care. Since health care policy is complex, full of compromises, difficult to understand, and absolutely imperative to fix, the network talking heads spent all their time today discussing a stupid Cambridge, Mass., police officer who made an ill-advised arrest Monday. This, in turn, is why network talking heads are useless. I can't wait to see Jon Stewart's take.
  • Mark Buehrle, who plays for the other Chicago baseball team, threw a perfect game this afternoon, the 2nd club history and only the 16th time ever in the major leagues. (A perfect game is one in which none of the offensive players gets on base by any means.)
  • Finally, Gidget the Chihuahua, aka the Taco Bell dog, died yesterday at 15.

Back to work...

David Braverman, Thursday 23 July 2009 21:29:44 UTC
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 Wednesday 22 July 2009

How green is your city?

Via Beth Filar-Williams, the National Resources Defence Council has ranked U.S. cities by environmental factors. The study ranks 67 large (population 250,000+), 167 medium (100-250k), and 405 small (50-100k) cities on nine factors, including standard of living, water management, transportation, and environmental participation. Seattle comes out on top for big cities; San Francisco, 2nd; Chicago, 10th.

Other leaders include Madison, Wis. (medium) and Bellingham, Wash. Bottom of the pack: Lexington, Ky., Paterson, N.J., and Pine Bluff, Ark.

David Braverman, Wednesday 22 July 2009 18:57:40 UTC
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 Tuesday 21 July 2009

Spotted in North Beach

Someone had time to have the sign made up, then had the inclination to stick it on the construction site. That's kind of sad:

(Full size after the jump.)

David Braverman, Tuesday 21 July 2009 15:54:16 UTC
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 Monday 20 July 2009

They're landing one of those at Oshkosh?

Airbus Industrie and the Experimental Aircraft Association (EAA) have worked out how to get an A380 to the EAA show at Oshkosh next weekend:

The aircraft will do a seven-minute flight display before setting up for landing on Runway 36. In a web conference Friday, Airbus test pilot Terry Lutz said that while the 8,000X150 runway is plenty for the A380, there's only one taxiway that will accommodate the aircraft, although, happily, it's the one that leads to Aeroshell Square. That gives the crew about 5,500 feet before the turnoff, which Lutz said will be plenty, even with a 10-knot tailwind. The aircraft that's coming is a test plane and will land at about 720,000 lbs, about 60 percent of its maximum weight.

EAA had to bring in a tug from JFK in New York to pull the plane into place. The tug driver has one shot to get the plane positioned correctly. Lutz said the wingspan of the A380 is exactly one foot less than the width of the ramp.

More from EAA. And even more coolness (if you're a pilot geek), Airbus has an interactive cockpit tour that holds nothing back.

Oshkosh is only a 3-hour drive from Chicago...hmm...

David Braverman, Monday 20 July 2009 15:35:46 UTC
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20 July 1969

Forty years since that one, small step.

NASA has real-time audio, 40 years later. The lunar module landed at 20:17 UTC, so if you're near a computer at 3pm Chicago time, you should listen to it.

David Braverman, Monday 20 July 2009 15:05:51 UTC
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 Sunday 19 July 2009

Cool!

Usually, my July visits to my family in San Francisco allow me to get away from Chicago's oppressive heat. This year, both cities are about the same, San Francisco just a little warmer than usual, and Chicago...well, it's the coolest July of my life:

July has slipped to the coolest to date here in 42 years—its 68.7°F degree average temperature running nearly 5 degrees behind the long-term (138-year) average. Friday's 70°F high was the first time in 53 years a July 17 temperature failed to rise above 70—you'd have to travel back to a 64°F high 85 years ago to find a July 17 that was cooler.

The average high for July's first 17 days has been 77.5°F—the second coolest in the 50 years of O'Hare Airport weather records dating back to 1959. Only 1967's 76.2°F tally has been cooler.

Maybe Chicago will have a super-hot August this year. Like, when I'm in London....

David Braverman, Sunday 19 July 2009 15:57:05 UTC
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 Saturday 18 July 2009

Amazon explains Orwellian deletion

Yesterday I pondered Amazon's deletion of works by Orwell, and asked for confirmation that they had deleted unauthorized (i.e., stolen) copies of the copyrighted material. Amazon last night confirmed this is, in fact, what happened:

An Amazon spokesman, Drew Herdener, said in an e-mail message that the books were added to the Kindle store by a company that did not have rights to them, using a self-service function. "When we were notified of this by the rights holder, we removed the illegal copies from our systems and from customers' devices, and refunded customers," he said.

Amazon effectively acknowledged that the deletions were a bad idea. "We are changing our systems so that in the future we will not remove books from customers' devices in these circumstances," Mr. Herdener said.

Now, I am not one who believes in perpetual copyright. I hate with a passion the Sonny Bono Mickey-Mouse Protection Copyright Term Extension Act of 1998, passed (seriously, I am not making this up) in part to protect the Disney rodent for another 20 years on the eve of its lapse into public domain. I think it's unconstitutional, making a mockery of the "limited terms" clause, and on top of that I think it's a shining example of the pernicious effects of money on politics.

However, it's a pretty clear law, and in the U.S. the coypright in Orwell's work will not expire until at least 2021, 70 years after his death. Think about that. If I live another 21 years, which I will do even if it kills me, this blog entry will be protected by copyright until the 22nd century—unless the U.S. Congress comes to its senses and returns us to a copyright law that comports with international standards. Orwell's copyrights have expired in other countries, including Canada, but that introduces a web of competing claims that Amazon doesn't want to touch.

In sum: Amazon deleting books off users' Kindles was stupid, but probably within the terms of service and copyright law. However, had the users backed up the affected devices, and if they'd downloaded copies from Canada, they'd still have the book—a loophole in the TOS that, I'm sure, Amazon's partners will want closed very soon.

David Braverman, Saturday 18 July 2009 16:53:52 UTC
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Morning round-up

A few things of note happened while I was en route to San Francisco yesterday:

  • The Cubs continued winning, taking their second in a row after the All-Star break and moving up to second place, though only because they've beaten up the hapless (25-63) Nationals to do it.
  • Wisconsin officials announced a deal to buy new 320 km/h train sets for the Chicago to Milwaukee route. Initially plans call for allowing the trains to run at 176 km/h (40% faster than today) while a new, dedicated high-speed line is studied.
  • In San Francisco, BART, the light-rail agency, averted a strike that could cripple the area's transportation system. The agency's employees unanimously rejected management's last contract offer and walked away from negotiations, but the two sides have since resumed talks.
  • Finally, Walter Cronkite died last night at 92.

And that's the way it is.

Update: One more from my dad: a big weenie drove into a house in Wisconsin yesterday, no doubt because the driver was in mourning.

David Braverman, Saturday 18 July 2009 15:40:29 UTC
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 Friday 17 July 2009

Where the name change really came from

Even though there are more important things going on in the world, there are also better bloggers out there, so I trust sticking with entirely petty and parochial issues won't offend anyone. Like this, for instance:

Prying the Sears name off North America's tallest building was as simple as asking the leasing agent from U.S. Equities Asset Management to do it.

"I kept saying, 'Sears Tower, Sears Tower. I'd rather have it be Kmart Tower,'" said Carmine Bilardello, the Willis executive who negotiated the lease. "Then I asked them what it would take to put our name on the building, and they said that could be arranged."

Well, then, I guess that's as good a reason as any. I'm still not calling it Willis Tower. Or "Big Willie," for the love of dog.

David Braverman, Friday 17 July 2009 22:38:58 UTC
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Creepy Kindle cravenness?

I'd like confirmation on this: the Times' David Pogue reported today that Amazon deleted a particular author from people's Kindles overnight:

[A]pparently the publisher changed its mind about offering an electronic edition, and apparently Amazon, whose business lives and dies by publisher happiness, caved. It electronically deleted all books by this author from people’s Kindles and credited their accounts for the price.

You want to know the best part? The juicy, plump, dripping irony?

The author who was the victim of this Big Brotherish plot was none other than George Orwell. And the books were "1984" and "Animal Farm."

The Kindle forum thread on the topic reads, to me anyway, like the copies deleted were from a publisher that didn't have the rights to sell electronic copies. Like it or not, Orwell's works are still protected by copyright. So if the deleted copies were indeed sold by a publisher illegally, it's not like Barnes & Noble removing the book off your shelf and leaving 99c on the table; it's like Barnes & Noble discovering it had sold you a remaindered book and correcting the error.

On the other hand, perhaps an email explaining the situation might have helped Amazon in this case?

David Braverman, Friday 17 July 2009 20:28:26 UTC
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Back from the All-Star Break

Cubs win their first game to start the beginning of the ending of the season at 1 game over .500. Hey, it could happen.

David Braverman, Friday 17 July 2009 12:09:26 UTC
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 Thursday 16 July 2009

Seriously, "Big Willie?" Um, no.

The Sears Tower's name officially changed to Willis Tower this morning, under the new ownership of UK insurance brokerage Willis Group Holdings Ltd. No one will call it that for a generation, of course, a fact not lost on NPR's Steve Inskeep this morning.

Willis CEO Joseph Plumeri, in what I sincerely hope was a moment of retail British irony rather than wholesale American idiocy, suggested a way to help ease the transition:

[Crain's Chicago Business]: Any idea how long will it take for people to get used to the new name?

[Plumeri]: No, I don't. People have asked me, "What do you think they'll call it? Willis, Sears?" I've said, "You can call it the Big Willie, and that would be fine with me." And I mean that. I don't mean that in a comedic way. (Chicago) is a town of neighborhoods and it's a town of nicknames. And people in this town, when you call something by a nickname it's not meant to be demeaning, because I come from the neighborhoods. It's meant to be a term of endearment. So if they did that, that would be fine.

One more thing: I want to warn my friends and colleagues that, today and tomorrow, anyone uttering that hideous phrase from that treacly 1980s sitcom—you know what I'm f@!$&!! taliking about—will be punished. Oh yes. In the names of Strunk, White, and Orwell, you will be punished.

David Braverman, Thursday 16 July 2009 15:13:57 UTC
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 Wednesday 15 July 2009

Good riddance

The Chicago Tribune ran an exposé of suburban red-light cameras recently; today they're reporting that one suburb, Schaumburg, has removed its camera despite its success at generating revenue. So why would they remove a million-dollar-earning camera? Because it doesn't actually stop accidents, and it really annoys drivers:

When Schaumburg first signed on to the red-light camera business last year, officials could hardly wait to get started, which is why they chose Meacham and Woodfield Roads as the first of their 10 planned camera locations. That intersection wasn't chosen because it had a lot of accidents -- the spot isn't even in Schaumburg's top 10 -- but because all of the intersection's approaches are in the village's boundaries and are local roads. This let village officials deploy the cameras much faster, avoiding the state approval needed for cameras on state roads.

Almost immediately, that selection paid off, literally, as cameras there flashed as fast as a paparazzi pack, mostly nabbing drivers for making right turns on red without a complete stop. In just 2½ months, the cameras spit out about 10,000 tickets, each a $100 violation.

[But] Schaumburg officials stated Tuesday night that they terminated the RedSpeed contract because crash data, prepared by the Police Department in June, revealed that the intersection does not have a problem with running-red-light accidents nor did it have one in 2008 when the cameras were installed. That fact angers Brian Costin, president of the Schaumburg Freedom Coalition, a citizens group that campaigned against the cameras last September. "I think Mayor [Al] Larson and the board did not do their due diligence," he said.

Unfortunately, other suburbs haven't gotten the memo:

On Monday, River Forest's board voted to conditionally hire RedSpeed to install two traffic cameras along Harlem Avenue.

Sigh. Cameras may not be all bad, but when used to raise revenue rather than reduce accidents, they just piss people off.

David Braverman, Wednesday 15 July 2009 14:42:40 UTC
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 Tuesday 14 July 2009

Frangos come home

Frango Mints, the historic Chicago mint-chocolate candy, have returned to Chicago:

South Side candymaker Cupid Candies has started producing the No. 1-selling Frango product — one-pound boxes of the mint chocolates — in the past several days for local Macy's department stores.

The start of production, to be announced today by Macy's and Cupid Candies executives, comes a year and a half after production was expected to start.

... The production is meaningful to Chicagoans outraged by the 1999 outsourcing of Frango production to Pennsylvania under then-Marshall Field's corporate parent Dayton Hudson, and then outraged again when Macy's CEO Terry Lundgren jettisoned the Marshall Field's brand and replaced it with Macy's in September 2006.

It's about time, too.

Incidentally, I discovered when I worked in Lisbon, Portugal for a few months in 2000-2001, that "frango" means chicken in Portuguese. People in Europe already think we Americans eat crappy food (can't think why); the "chicken mints" I brought caused some commotion in the Lisbon office until people got up the nerve to try them. Ah, international business.

David Braverman, Tuesday 14 July 2009 21:20:28 UTC
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 Monday 13 July 2009

Baseball takes a breather

Heaven knows some teams need it.

With baseball taking a three-day break for the All-Star Game (tomorrow night in St. Louis), we take a moment to reflect on how much worse things could be for the Cubs. They wound up exactly at .500, with 43 wins and 43 losses, tied with Houston and 3.5 games behind St. Louis (49-42).

The real story, though, has to be how the Washington Nationals haved lost 61 games so far, the second time in a row they've dropped 60 before the break, putting them on course to lose120 games by the end of the season in October. It won't be the worst season in history (the 1899 Cleveland Spiders went 20-134), but it would be the worst showing for the Nationals.

There's hope. Last year they pulled out more wins in the second half, ending with a 59-101 record.

The Cubs, though: looks like perfect mediocrity, once again.

Update: Mediocrity, certainly; but possibly also bankruptcy, according to reports.

David Braverman, Monday 13 July 2009 13:21:35 UTC
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 Sunday 12 July 2009

Who's stupider, a lawyer or a Fox reporter?

Via Calculated Risk, apparently Wells Fargo is suing itself over a mortgage foreclosure, which Fox Business columnist Al Lewis fails to understand, and so, because it's Fox, decides to criticize:

You can't expect a bank that is dumb enough to sue itself to know why it is suing itself.

... In this particular case, Wells Fargo holds the first and second mortgages on a condominium, according to Sarasota, Fla., attorney Dan McKillop, who represents the condo owner.

As holder of the first, Wells Fargo is suing all other lien holders, including the holder of the second, which is itself.

Most of the column slams Wells Fargo for being stupid, for wasting paper, for abusing the legal process, etc., rather than trying to explain why the bank did this. Possibly, Lewis could read the third paragraph of his own column, in which he quotes a Wells Fargo spokesman explaining that "[d]ue to state foreclosure laws, lenders are obligated to name and notify subordinate lien holders." Guess how you're required to do that in most states' foreclosure laws? Through a court filing.

As one who possesses a (seldom-used and quite dusty) juris doctorate, I understand why this looks odd but is, in fact, appropriate under the law. The bank has this obligation so that other leinholders' rights are protected. Lewis, himself about as ignorant of the law as he is of journalism, asks "wouldn't it be easier for Wells Fargo to release one of the liens to itself?" I'm not sure what he means, because he doesn't seem to understand the fundamentals of real property law. As the bank's spokesman said, "The primary reason is to clear title and ownership interest in a property to prepare it for sale." (Emphasis mine.) It's not a contested suit; Wells Fargo will not be taking itself "to the Supreme Court," despite how much Lewis would enjoy that.

In the alternative I suppose Lewis could mean that Wells Fargo should simply walk away from the second lein, which would, in effect, put money in the pockets of all the other leinholders at its own expense. That would not only be stupid, it could generate a shareholder derivative suit.

The truly stupid person here is Lewis, who refuses to understand what his own sources are saying in his own column.

Since Lewis' main source seems to be the owner of the property under foreclosure, you can bet that if Wells Fargo had done something hinky with the second mortgage, Lewis would be all over that, too. That this is a complicated and somewhat nuanced legal situation doesn't seem to enter into his thinking; the Rights of the People (including—or, given this is Fox again, especially—those of millionaire property developers) Must Be Protected. The Outrage! The Outrage!

In sum: the bank really, really doesn't want to sue itself, a point several bank and legal sources make clear in the column to any person of average literacy. The bank has no choice, both as a matter of Florida law and as a matter of arithmetic. Yes, the bank probably shouldn't have agreed to an 80/20 mortgage during a real-estate boom on overly-optimistic condo project, and as pennance will now have to eat a good bit of both loans. But Lewis would rather waste column-inches getting mad rather than do what he as a journalist should do, which is to understand and explain a seemingly odd event.

Again, though, this is Fox. Understanding is not encouraged.

David Braverman, Sunday 12 July 2009 17:04:52 UTC
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AleFest 2009

What a brilliant idea. Get 30 brewers together under some tents, charge a reasonable amount ($40) for admission, and provide everyone with a 60 mL tasting glass. Yum. (For the most part.)

David Braverman, Sunday 12 July 2009 16:06:22 UTC
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 Saturday 11 July 2009

Anxiety-provoking intersection now less so

Whole Foods recently opened its new, enormous Chicago store at 1550 N. Kingsbury St., on an old brownfield lot. The old industrial infrastructure surrounding the site—including a still-active spur line railway running down the center of Kingsbury St.—still has some, ah, quirks from the days before tens of thousands of shoppers went there every week. The intersection of Weed, Kingsbury, and Sheffield, for example, goes off in five directions, and until this week only had two stop signs:

More after the jump.

David Braverman, Saturday 11 July 2009 17:39:04 UTC
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 Friday 10 July 2009

With friends like these

Wow. You know you've jumped some serious GOP shark when even Peggy Noonan stomps on you:

Mrs. Palin has now stepped down, but she continues to poll high among some members of the Republican base, some of whom have taken to telling themselves Palin myths.

To wit: ... "The elites hate her." The elites made her. It was the elites of the party, the McCain campaign and the conservative media that picked her and pushed her. The base barely knew who she was. It was the elites, from party operatives to public intellectuals, who advanced her and attacked those who said she lacked heft. She is a complete elite confection. She might as well have been a bonbon.

"She makes the Republican Party look inclusive." She makes the party look stupid, a party of the easily manipulated.

"The media did her in." Her lack of any appropriate modesty did her in. Actually, it's arguable that membership in the self-esteem generation harmed her. For 30 years the self-esteem movement told the young they're perfect in every way. It's yielding something new in history: an entire generation with no proper sense of inadequacy.

After reading the column twice, I'm not sure I understand who Noonan is addressing. I think she's talking to members of her own party; I just can't tell, despite her conclusion:

It's not a time to be frivolous, or to feel the temptation of resentment, or the temptation of thinking next year will be more or less like last year, and the assumptions of our childhoods will more or less reign in our future. It won't be that way.

We are going to need the best.

A clue, perhaps, is the column's presence on the Wall Street Journal's op-ed page. Still, as one of the media elite she blames for Palin's ascendancy, perhaps Noonan is talking to herself?

Anyway, the GOP has needed "the best" for 49 years now, but has instead chosen a string of mediocrities and ideologues as party leaders (with a couple of exceptions, including Bob Dole). Not that we haven't presented our own mediocrities and ideologues, but ours tend toward gluttony and lust rather than wroth and envy, which results in much less death and destruction for the most part. Plus ours tend not to secretly hate the people they represent.

Still, it's an odd feeling to agree with Peggy Noonan. This bears more thought.

David Braverman, Friday 10 July 2009 17:09:40 UTC
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Comments on yesterday's post

Yesterday's post "Subsidizing rural folk" generated more commentary than usual. All of it was through my Facebook profile (I cross-post the Daily Parker there), so I thought I should copy it over here, after the jump.

David Braverman, Friday 10 July 2009 15:04:39 UTC
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Quelle surprise

Roland Burris won't run for Senate after all:

The decision, which is expected to be formally announced Friday, comes as a surprise to absolutely no one in local politics.

... Mr. Burris has raised almost nothing of the millions of dollars he would need for a serious campaign, and another well known African-American figure, Chicago Urban League President Cheryle Jackson, has formed an exploratory committee.

So, with Madigan and Burris both out, the 2010 election campaign should be a hoot. I can't wait.

David Braverman, Friday 10 July 2009 14:18:25 UTC
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 Thursday 9 July 2009

Subsidizing rural folk

The New York Times has a must-read article today about disproportionately small shares of transportation stimulus money going to places that produce disproportionately large shares of GDP. More simply: we in cities are subsidizing rural roads:

According to an analysis by The New York Times of 5,274 transportation projects approved so far — the most complete look yet at how states plan to spend their stimulus money — the 100 largest metropolitan areas are getting less than half the money from the biggest pot of transportation stimulus money. In many cases, they have lost a tug of war with state lawmakers that urban advocates say could hurt the nation’s economic engines.

...[T]he projects also offered vivid evidence that metropolitan areas are losing the struggle for stimulus money. Seattle found itself shut out when lawmakers in the State of Washington divided the first pot of stimulus money. Missouri has directed nearly half its money to 89 small counties which, together, make up only a quarter of the state’s population.

...Obama administration officials, who have called for ending sprawl and making sure that federal transportation spending is cost-effective, say they are looking at how states are spending the money from the stimulus law...

For example, New York, which produces almost 9% of U.S. GDP, is getting 2.9% of the money; Chicago, at 3.7% of GDP, gets 2.6% of the money. Contrast those figures with Kittitas County, Washington (population: 39,000), which is getting $836 per capita to resurface roads.

We don't need more roads. We need repaired bridges. We need trains and buses. Frankly, I also think we need $5 per gallon gas, which I think would lead directly to heavier investment in public transit, but that's a rant for another time.

David Braverman, Thursday 9 July 2009 17:03:30 UTC
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Palin qua Palin

Slate's Dahlia Lithwick hypothesizes why Sarah Palin really quit:

[W]hen the dust settles, the lesson may be that she was simply a woman who made no sense. Her meteoric rise and dubious fall will say less about America than you think, beyond the fact that America likes its politicians to communicate their ideas clearly. We will someday come to realize that while it's all well and good to be mavericky with one's policies, it's never smart to be mavericky with one's message.

...It's too easy to characterize Sarah Palin as an irrational bundle of bristling grievance. But I think it's more complicated than her simple love for playing the victim all the time. ... Think of an American visiting France who believes that if he just speaks louder, he will be speaking French. Palin has done everything in her power to explain herself to us, and still we fail to appreciate what she is all about. I'd be frustrated, too, if I thought I was offering up straight talk and nobody was getting the message. Especially if I held a degree in communications.

In any event, after this month, we won't have Dick Nixon Sarah Palin to kick around anymore.

David Braverman, Thursday 9 July 2009 15:42:39 UTC
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Lovely spring weather

Chicago had its coolest July 8th in more than a century yesterday, capping the coolest summer (to date) in decades:

For the 12th time this meteorological summer (since June 1), daytime highs failed to reach 70°F Wednesday. Only one other year in the past half century has hosted so many sub-70-degree days up to this point in a summer season -- 1969, when 14 such days occurred.

Wednesday's paltry 65°F high at O'Hare International Airport (an early-May-level temperature and a reading 18°F degrees below normal) was also the city's coolest July 8 high in 118 years -- since a 61°F-degree high on the date in 1891.

The flipside, of course, is that the weather is delightful. Unfortunately the forecast for this week calls for much warmer (i.e., seasonal) temperatures. Pity.

David Braverman, Thursday 9 July 2009 13:47:36 UTC
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 Wednesday 8 July 2009

Lisa Madigan sitting out 2010

As someone who has contributed to Lisa Madigan's campaign fund, thinking it would help her become governor, I'm surprised about her pre-announcement this morning that she's not running for that office in 2010:

Illinois Attorney General Lisa Madigan is expected to announce today that she'll seek re-election to her current office and bypass bids for governor or U.S. Senate, a source told the Tribune.

Madigan has a 2 p.m. political news conference scheduled at a Chicago hotel.

The move comes as a surprise, as Madigan had been strongly mulling a run for governor and had been heavily courted by national Democrats to run for Senate. A Democratic source told the Tribune today that Madigan had ruled out a Senate run.

Dang. I wonder who's running for Senate then? (Presumably Pat Quinn will run for election to the office he inherited from impeached former governor Rod Blagojevich in January.)

Update: Madigan's press release.

David Braverman, Wednesday 8 July 2009 15:36:56 UTC
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What's with all the celebrities?

Oscar Mayer, perhaps not a celebrity but certainly a household name in the U.S., has left us:

Oscar G. Mayer, retired chairman of the Wisconsin-based meat processing company that bears his name, has died at the age of 95.

Mayer's wife, Geraldine, said he died of old age Monday age at Hospice Care in Fitchburg.

He was the third Oscar Mayer in the family that founded Oscar Mayer Foods, which was once the largest private employer in Madison. His grandfather, Oscar F. Mayer, died in 1955 and his father, Oscar G. Mayer Sr., died in 1965.

Photo: Kraft Foods, Inc.

David Braverman, Wednesday 8 July 2009 14:52:48 UTC
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 Tuesday 7 July 2009

Shooting fish in a barrel

Andrew Sullivan has taken a moment out of his day to compile a list of 32 of Sarah Palin's most egregious lies:

A couple of months ago, I asked an intern to re-fact-check all of them to make sure new details hadn't emerged that might debunk some. And I also asked to get any subsequent statements by Palin that acknowledged that she had erred in any of these statements that are easily rebuttable by facts in the public record and apologized and corrected. She has not. Since this was a vast project over the last ten months, it's possible there are some nuances or errors that need fixing....

After you have read these, ask yourself: what wouldn't Sarah Palin lie about if she felt she had to?

Palin lied when she said the dismissal of her public safety commissioner, Walt Monegan, had nothing to do with his refusal to fire state trooper Mike Wooten; in fact, the Branchflower Report concluded that she repeatedly abused her power when dealing with both men.

Palin lied when she repeatedly claimed to have said, "Thanks, but no thanks" to the Bridge to Nowhere; in fact, she openly campaigned for the federal project when running for governor.

Et cetera ad ridiculam.

Seriously, though: it's quite an accomplishment for only 10 months of national exposure.

David Braverman, Tuesday 7 July 2009 18:52:34 UTC
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Cubs win early game

ESPN moved the start of last night's Cubs game back to 6pm so they could sneak in a second game after it, which gave me the unusual twin opportunies to (a) see the Cubs beat Atlanta and (b) get home before 9:30.

Otherwise, not much to report about the team, except—oh, right, I almost forgot—the Tribune sold them yesterday:

Tribune Co. has finalized a deal to sell the Chicago Cubs to a bidding group led by bond salesman Thomas Ricketts.

Documents describing the fully financed deal were sent to Major League Baseball over the weekend, a source familiar with the negotiations said Monday. The value of the deal is between $850 million and $900 million, the source said.

The agreement reached over the weekend still needs approval from 75% of MLB team owners, as well as creditors and the Delaware judge overseeing Tribune’s Chapter 11 bankruptcy case.

I hear Ricketts is a die-hard Cubs fan, who met his wife in the bleachers, according to NPR.

David Braverman, Tuesday 7 July 2009 15:58:01 UTC
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 Monday 6 July 2009

Chicago sunrises and sunsets, 2009-2010

It's time for the semi-annual update of the Chicago sunrise chart. (You can get one for your own location at http://www.wx-now.com/Sunrise/SunriseChart.aspx.)

(Chart after the jump.)

David Braverman, Monday 6 July 2009 16:19:17 UTC
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The other Ribfest

Ribfest Chicago, with its 10 (mostly-)local vendors, its dog-friendliness, and its proximity, is one of my favorite Chicago street festivals of the year.

Then there's Naperville's Ribfest, which, in the tradition of suburbs everywhere, dwarfs Chicago's festival in every way except accessibility. Chicago's takes over a city block; Naperville's, a huge park. Chicago has booths and people crammed in at maximum density; Naperville has a huge park. Chicago has 10 rib vendors, 8 of which are local restaurants; Naperville has 17, most of them just festival vendors (they travel the U.S. going to outdoor events everywhere).

(More after the jump.)

David Braverman, Monday 6 July 2009 15:49:54 UTC
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 Saturday 4 July 2009

When, in the course of human events...

Happy 233rd birthday, country:

David Braverman, Saturday 4 July 2009 14:28:33 UTC
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 Friday 3 July 2009

Palin resigns; Lower 48 wait for other shoe to drop

Sarah Palin announced on the second-biggest "take out the trash day" of the year that she's resigning her office on the 25th. No one seems to know why:

Palin announced that she will transfer power to Lt. Gov. Sean Parnell. Parnell will be sworn in during the upcoming governor's picnic in Fairbanks on July 25. An emotionally choked-up Parnell said he plans to keep all state commissioners and continue to pursue a natural gas pipeline.

Palin did not field questions and would not give any indications as to her future plans.

A burst of Patriotic Spirit on this holiday weekend? Or just another delusional escapade? Does she even know? Seriously—given her history of behavior lying somewhere between narcissistic personality disorder and worse, does anyone this side of the loony right fringe think she's not insane at this point?

Take a look:

David Braverman, Friday 3 July 2009 21:01:38 UTC
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Cool mash-up

I sometimes shop at the Book Depository, a British online bookseller, because I'm a nerd. (Also because they have British editions and free shipping to the U.S.)

Today, I discovered their cool Google Maps mash-up, showing who is buying what on their site.

Did I mention I'm a nerd?

David Braverman, Friday 3 July 2009 15:27:31 UTC
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Worst day for small banks in 11 years

The FDIC closed seven banks yesterday, the highest number in one week since 1998. But back then, during the S&L crisis, things were much worse, believe it or not:

So far there have been 52 FDIC bank failures in 2009.

It appears the pace has picked up lately (12 bank closings over the last two weeks).

There were 28 weeks during the S&L crisis when regulators closed 10 or more banks, and the peak was April 20, 1998 with 60 bank closures (there were 7 separate weeks with more than 30 closures in the late '80s and early '90s).

(Emphasis in original.)

Still, if you have money on depsoit in the John Warner Bank, Clinton, Ill.; First State Bank of Winchester, Ill.; Rock River Bank, Oregon, Ill.; Millennium State Bank of Texas, Dallas; Elizabeth State Bank, Ill.; First National Bank of Danville, Ill.; or Founders Bank, Worth, Ill.; you may want to swing on by Monday and meet the new owners.

By the way, this doesn't mean that Illinois is a particularly bad place for banks. It's far more likely that the cluster of bank failures downstate has more to do with the logistics of getting FDIC personnel to so many at once. NPR has a good explanation of how it works.

And anyway, my deposits are at Citi, so I'm not at all worried about my bank's soundness.

Not one tiny bit.

Nope.

Perfectly safe bank, Citi.

David Braverman, Friday 3 July 2009 15:16:21 UTC
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 Thursday 2 July 2009

Because love means never having to say...

you're resigning:

(Via Talking Points Memo.)

David Braverman, Thursday 2 July 2009 19:48:57 UTC
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 Wednesday 1 July 2009

News story from 1969

Just kidding, though it seems like this could be from Stonewall. No, this is from last week—on the 40th anniversary of the Stonewall raid, no less—and does not reflect favorably on the good people of Central Texas:

The short version is this: About 1 a.m. Sunday, two Texas Alcoholic Beverage Commission agents and six [Fort Worth] cops showed up at the [Rainbow Lounge, a gay] club for an inspection.

More after the jump.

David Braverman, Wednesday 1 July 2009 20:25:03 UTC
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Air New Zealand: Nothing to hide

I can't imagine United doing this:

Or this.

Air New Zealand.

David Braverman, Wednesday 1 July 2009 14:23:06 UTC
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