According to financial journalist Steve Kerch, the "55+ age group represents 38% of all U.S. households and is projected to rise every year to be almost 45% of households by 2019." In short, we are inviting fiscal disaster unless we find a way to fix Medicare.
I really hope the younger generation starts having more kids. After all, someone has to pay for all the entitlement programs. What's that? You think it's immoral to pass along bills to an unborn generation? Well, what spending would you cut? The military? It's about 21% of our budget. The latest military budget passed in the Senate with an 80 to 10 margin. Good luck.
P.S. Common sense called. It says it's time for a third party that understands basic math and basic economics.
"And if an epitaph be my story, I'd have a short one ready for my own: I had a lover's quarrel with the world." -- Robert Frost
Tuesday, February 9, 2010
Monday, February 8, 2010
Reggie Miller Interview: What the NBA Has Lost
HERE is a NY Times interview with Reggie Miller. Reggie was probably my favorite player to watch in the NBA. In my mind's eye, I can still see his incredible series against New Jersey (back when the Nets were legit contenders), and his playoff games against Michael Jordan.
If you haven't seen the Bulls-Pacers playoff series yet, you are definitely missing out. What NBA fan could possibly forget Reggie's eerily similar "Bryon Russell" push-off against Jordan, the game-winning three-pointer, and Reggie's subsequent twirling dance? (By the way, people forget Jordan almost won that game, but his three-pointer at the buzzer rolled in and out.)
I also clearly remember certain games from the Knicks-Pacers playoff series--such as LJ's unfortunate four-point play, which came from an Antonio Davis foul that clearly didn't warrant the continuation. The refs should have called a non-shooting foul, but after the Madison Garden crowd exploded, the refs probably risked a riot if they hadn't called a shooting foul and the three-point basket. The worst part was that Indiana shipped out Antonio Davis, one of the league's best defenders, the very next year, making it look like it was his fault the Pacers lost. In reality, Coach Larry Bird, who was just five feet away from the play, was telling Antonio Davis to "get up on him" and play closer defense, and Davis was just listening to his coach.
In my eyes, only Reggie Miller and Glen Rice were able to get under Michael's skin--and that feat alone is quite an accomplishment. I've copied an interesting section of the interview below:
Q: Are there any talkers left in the league?
A: It’s not the same. Everyone hugs one another now and kisses before jump balls and pats each other and helps them up. It’s a kinder and gentler league. Chivalry is nice and all, but it’s not the same.
I think Reggie just inadvertently explained why the NBA has lost its luster. There are no real rivalries anymore. As Charles Oakley once said, David Stern has "sissified" the league.
In the interview, Reggie also proclaims that LeBron will not be going to New York. I happen to agree, but Reggie seems awfully sure that LeBron won't be playing for the Knicks. I wonder if he has any inside information.
P.S. Although Reggie Miller and Jason Williams (during his Sacramento days) were my favorite players to watch, in real life, if I ever made it to the NBA, I'd be more like Dennis Rodman or Ben Wallace.
If you haven't seen the Bulls-Pacers playoff series yet, you are definitely missing out. What NBA fan could possibly forget Reggie's eerily similar "Bryon Russell" push-off against Jordan, the game-winning three-pointer, and Reggie's subsequent twirling dance? (By the way, people forget Jordan almost won that game, but his three-pointer at the buzzer rolled in and out.)
I also clearly remember certain games from the Knicks-Pacers playoff series--such as LJ's unfortunate four-point play, which came from an Antonio Davis foul that clearly didn't warrant the continuation. The refs should have called a non-shooting foul, but after the Madison Garden crowd exploded, the refs probably risked a riot if they hadn't called a shooting foul and the three-point basket. The worst part was that Indiana shipped out Antonio Davis, one of the league's best defenders, the very next year, making it look like it was his fault the Pacers lost. In reality, Coach Larry Bird, who was just five feet away from the play, was telling Antonio Davis to "get up on him" and play closer defense, and Davis was just listening to his coach.
In my eyes, only Reggie Miller and Glen Rice were able to get under Michael's skin--and that feat alone is quite an accomplishment. I've copied an interesting section of the interview below:
Q: Are there any talkers left in the league?
A: It’s not the same. Everyone hugs one another now and kisses before jump balls and pats each other and helps them up. It’s a kinder and gentler league. Chivalry is nice and all, but it’s not the same.
I think Reggie just inadvertently explained why the NBA has lost its luster. There are no real rivalries anymore. As Charles Oakley once said, David Stern has "sissified" the league.
In the interview, Reggie also proclaims that LeBron will not be going to New York. I happen to agree, but Reggie seems awfully sure that LeBron won't be playing for the Knicks. I wonder if he has any inside information.
P.S. Although Reggie Miller and Jason Williams (during his Sacramento days) were my favorite players to watch, in real life, if I ever made it to the NBA, I'd be more like Dennis Rodman or Ben Wallace.
Sunday, February 7, 2010
Employment Relationships
Very interesting post by "Not a Potted Plant" regarding employment relationships. See here for more.
Saturday, February 6, 2010
Coaching Girls vs. Coaching Boys
I've been coaching basketball for about seven years now, usually 3rd, 4th, and 5th graders. After a recent game, a girl on my team had to wait for her brother to finish his practice, so she had free time. I spent about 30 minutes doing one-on-one drills with her. She picked up certain skills that had eluded her in the team practice very quickly. I was surprised and left wondering why I wasn't able to teach her the same skills during the team practice.
Someone else offered the following hypothesis: although every child benefits from individual attention, young girls seem to respond even better to it, because individual attention creates a bond between the coach and player. This person said that while boys enjoy competitive drills, girls tend to be more interested when working together as a team or doing activities that create relationships.
I also remember a tough game where we lost by about fifteen points (final scores at this age level are usually 40-35, 32 to 25, etc.--relatively low total points). I always make sure to tell my team that I don't care if they win or lose--I only care if they play hard and have fun. But no one wants to lose, so everyone was dejected. I complimented everyone, and I also told them to work on some specific things. Here is my point: when I complimented the boys, there was no visible emotional effect. The result was exactly the opposite with both girls--they immediately smiled. I don't know what lessons to take from that post-game experience. Perhaps I need to figure out what to say to the boys to make them happy even if they lose.
Someone else offered the following hypothesis: although every child benefits from individual attention, young girls seem to respond even better to it, because individual attention creates a bond between the coach and player. This person said that while boys enjoy competitive drills, girls tend to be more interested when working together as a team or doing activities that create relationships.
I also remember a tough game where we lost by about fifteen points (final scores at this age level are usually 40-35, 32 to 25, etc.--relatively low total points). I always make sure to tell my team that I don't care if they win or lose--I only care if they play hard and have fun. But no one wants to lose, so everyone was dejected. I complimented everyone, and I also told them to work on some specific things. Here is my point: when I complimented the boys, there was no visible emotional effect. The result was exactly the opposite with both girls--they immediately smiled. I don't know what lessons to take from that post-game experience. Perhaps I need to figure out what to say to the boys to make them happy even if they lose.
Friday, February 5, 2010
Update on Stock Market
On January 20, 2010, prior to the market opening, I indicated the stock market would decline to around 1000. See HERE. From January 19 to February 5, the S&P declined from 1,150.23 to 1066.19--a drop of 7.3%. I recently dipped my toe in the market, buying dividend-paying stocks, but now I'm not sure if the S&P will decline to 1000. If the market continues to decline to 1000 or 900, I will double down. I kept some gunpowder for another shot, which makes me feel better if the market does in fact decline to 1000 or less.
The information on this site is provided for discussion purposes only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence. To summarize, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.
The information on this site is provided for discussion purposes only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence. To summarize, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.
Brandeis on Gossip
Reason #28,474,556,347 why I love Brandeis:
When personal gossip attains the dignity of print, and crowds the space available for matters of real interest to the community, what wonder that the ignorant and thoughtless mistake its relative importance. Easy of comprehension, appealing to that weak side of human nature which is never wholly cast down by the misfortunes and frailties of our neighbors, no one can be surprised that it usurps the place of interest in brains capable of other things. Triviality destroys at once robustness of thought and delicacy of feeling. No enthusiasm can flourish, no generous impulse can survive under its blighting influence.
More here.
When personal gossip attains the dignity of print, and crowds the space available for matters of real interest to the community, what wonder that the ignorant and thoughtless mistake its relative importance. Easy of comprehension, appealing to that weak side of human nature which is never wholly cast down by the misfortunes and frailties of our neighbors, no one can be surprised that it usurps the place of interest in brains capable of other things. Triviality destroys at once robustness of thought and delicacy of feeling. No enthusiasm can flourish, no generous impulse can survive under its blighting influence.
More here.
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