Movie Reviews from Erik Lundegaard

I'm a big fan of The Wire and Tyler Perry. I just found two interesting articles on both subjects from Erik Lundegaard and had to share:

The Wire:
http://www.huffingtonpost.com/erik-lundegaard/the-wire-vs-the-sopranos_b_92120.html

Tyler Perry:
http://www.msnbc.msn.com/id/23635092/

Erik Lundegaard's blog, with movie reviews, can be found here:

http://www.eriklundegaard.com/moviereviews.php

A friend of mine, Jim Quillinan, also has a movie review website worth checking out: http://qsreviews.wordpress.com/ 

David Boaz, Libertarian

David Boaz, Executive VP of the Cato Institute, spoke at the Commonwealth Club recently. His speech was reproduced in The Commonwealth Magazine, September 2008 edition. I haven't been able to find a free online link, but it's a wonderful speech, and you should make the effort to find the speech. Here is an audio file of the speech:

http://search.everyzing.com/viewMedia.jsp?res=0&dedupe=1&index=117&col=en-all-public-ep&sort=rel&e=20501629&channelTitle=Ron+Paul&num=16&start=112&ci=43&expand=true&match=none&channel=236&bc=90&filter=1

Boaz's best line is about Everything I Need to Know I Learned in Kindergarten and how libertarianism has the same simple rules:

Don't hit other people, don't take their stuff, and keep your promises...if you apply those rules, you get civilization and freedom.

Here's another great line:

Always love your country, but never trust your government.

Boaz makes the great point that while we may feel less free today because of excessive government intervention and power, we are certainly more free when compared to a distant past involving slavery, 70 percent income tax rates (1977), fascism, feudalism, and communism. Boaz reminds us, "We had a monopoly phone company, strict regulations on interest and investing, sodomy laws in most states, and, at least briefly, generalized wage and price controls."

Boaz also takes on the question of how to define liberty and arrives at three factors: one, widespread wealth; two, an open society (less racism, no signs stating "No Blacks Need Apply"); and three, actual political and economic liberty (no more military conscription, no Jim Crow laws). He boldly states, "On balance, Americans today are more free than any people in history." He also says we should still be wary of those who seek to curtail our freedoms, suggesting,

Just speak up when somebody says there ought to be a law. There's no magic bullet. There's never been a golden age of liberty and there never will be.

Wise words from a man who strikes the perfect balance between optimism and fear. For more from David Boaz, check out the following link:

http://www.libertarianism.org/reader.html

X-Men

The X-Men movies are some of the best films ever made. So many philosophical questions are covered in the series. For example, what laws, if any, should be passed for people considered superior to others? Should people who are different be controlled in any way? If so, how? To what extent do others without unique characteristics have to bend to accommodate a minority with special traits? I could continue ad infinitum. 

Here's one of my favorite scenes, from X-Men 2:

Storm: Sometimes anger can help you survive. Nightcrawler: So can faith. 

 For whatever reason, this exchange is electrifying in the film.

Yeats and the Stock Market

It's not too often I see someone adeptly combine my two loves--the stock market and poetry--so I had to share James Surowiecki's article with you:

http://www.newyorker.com/talk/financial/2008/09/01/080901ta_talk_surowiecki

Mr. Surowiecki's topic is the market's recent volatility: "[I]n the long run volatility is a very bad thing, because it makes ordinary investors less inclined to trust markets." His best line, about investor uncertainty, is at the very end:

[F]or now we’re stuck in a Yeatsian market: the best lack all conviction, while the worst are full of passionate intensity. Let’s hope the center can hold.

If you're still not agog at Mr. Surowiecki's reference, the first part of Yeats' Second Coming is below:

TURNING and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.

Yeats and the stock market--a herd of passionate intensity. That about sums it up, doesn't it?

Olympics and Globalization

George Priest and Minor Meyers wrote today about globalization's benefits to America's Olympic standings (WSJ, A11, 8/25/08).

Gymnast and gold medalist Nastia Liukin was born in Moscow, Russia.

Wrestler and gold medalist Henry Cejudo was raised by a mother who was an undocumented Mexican immigrant.

The entire U.S. women's table tennis team is from China.

Globalization also helped non-U.S.-Olympians find jobs and achieve higher performance.

The Iranian basketball team's coach is Serbian.

Becky Hammon, U.S. basketball star, played for the Russian national team.

Swedish wrestler Ara Abrahamian is of Armenian descent.

Cartoonist Clay Bennett

Other than Tom Toles, I haven't been enamored with any other cartoonists...until I saw Clay Bennett. His style reminds me of Wallace and Gromit with an understated political bent. Check him out:

http://www.claybennett.com/archives.html

http://www.timesfreepress.com/news/cartoons/

Here's one cartoon students will (unfortunately) identify with:

http://www.claybennett.com/pages2/debt.html

I particularly like this one:

http://www.claybennett.com/pages2/curb_appeal.html

Bonus for your funny bone:

http://www.thingsmyboyfriendsays.com/index.html

Decoupling?

Economists love to talk about "decoupling." It sounds like just what it is--a breakup, or an ability to become independent from someone else. The world economy has been humming along primarily because of U.S. demand and U.S. dollars. Recently, with the gains in Dubai, Brazil, and Russia, people believed the era of U.S.-caused growth might be over--that finally, countries could organically create growth. This NY Times article casts doubt on that hope:

http://www.nytimes.com/2008/08/24/business/24global.html?em

If the U.S. is still responsible for most growth, investors are better off just investing in the S&P 500 rather than attempting to diversify directly in international stocks or funds. But I believe decoupling will happen eventually--as the Chinese, Indians, Eastern Europeans, and Russians feel more affluent, they will spend more domestically and internationally. I've taken this opportunity to diversify my holdings and add commodities (KOL), gold (GLD), and single-country-based funds (EWM, IF, GXC) due to the pullback in most of these funds/ETFs.