This time of year you can't turn on the TV, read the paper or surf the net without running into "The Year in Review" over and over again. Those things seem to come earlier and earlier each year, just like Christmas decorations at the mall. The problem with airing your "Year in Review" show on December 10th is that there are still 21 more days for stuff to happen. Here are two examples of that:
Bernie Madoff - he was arrested on December 11th and charged with investment fraud. His hedge fund investors may have lost $50 Billion - that's Billion with a B. Family fortunes, entire life savings and charitable trusts gone forever in an instant. This is major, big time news and should definitely be in your Year in Review show, list, blog...
The Shoe Thrower - that guy in Iraq threw his shoes at President Bush on December 14th. In the grand scheme of 2008 this is a relatively lame event, but the entire incident is over in 10 seconds. Surely you could cut out 10 seconds of Paris Hilton or Kanye West to fit it in.
Here's my attempt at a review of 2008.
Favorite Memory: Bonfire in Maine
Friday, October 10th. A warm fall night with copious amounts of Miller High Life, smores and Red Sox Playoff baseball via radio in Freeport, ME. It was the perfect ending for my last night of the year in Maine.
Best Song: "Shattered (Turn the Car Around)" by O.A.R.
Best Play: The Catch, Superbowl XLII
Up until February 3, 2008 if you mentioned "The Catch" it was understood that you were talking about the throw from Joe Montana to Dwight Clark to win the 1982 NFC Championship Game against the Dallas Cowboys. Not anymore. Now you are talking about the ball Eli Manning flings in the direction of David Tyree. Tyree leaps into the air to grab the ball, takes a pounding hit from the Patriots' Rodney Harrison and comes down with the ball clutched between his hands and helmet. Thirty six seconds later the Giants score the winning touchdown to end the Patriots hope of a perfect season.
Best Movie: Ironman
Biggest Surprise: Stock Market Collapse.
With one day of trading left the S&P 500 Index, which represents the 500 largest public companies in the US, is down a mind boggling 39.3% for the year. This is the worst year for the S&P Index since 1931. We have had bear markets in the past, but none as severe and swift as what we have seen in 2008.
Underdog of the Year: Tampa Bay Rays
You might expect me to pick my NY Football Giants win in Superbowl 42 but you would be wrong. The Giants proved that they could play with the Patriots in the final game of the regular season on December 29, 2007. It's awfully hard to beat a good team twice in a season, so I don't consider their Superbowl win much of a surprise.
What was a surprise to me was the Tampa Bay Rays making it to the World Series in 2008. This is a team that had never had a winning season since they came into existence in 1994. In fact, they had never finished better than 21 games under .500 in a season. They had finished in last place in their division every year except 2005 when they finished in...next to last place. A worst to first story indeed.
Mood: Hopeful
Song of the Day:
"Banks back then was lendin' money, the banker was the farmer's friend."
- A Month of Sundays
Don Henley
Tuesday, December 30, 2008
Thursday, December 11, 2008
No Soup For You!
I tend to eat a lot of soup in the winter when the weather is cold outside. Since graduating from Ramen Noodles in college to actual soup a few years ago my soup buying habits haven't changed much. I buy Progresso soup, cause it tastes so good. My standing favorites are Chicken Noodle and Chicken Rice but I have been known to buy Clam Chowder, Italian Wedding Soup and even Minestrone if the mood strikes.
There is a bit of a soup war going on right now between Campbell's and Progresso. They have been trading barbs in their TV ads about MSG. Your soups have MSG and ours don't, blah, blah, blah. I decided to try the Campbell's Select soups after seeing one of their ads saying their soup is MSG free, so the ads worked on me.
Soup was on sale at Giant (not my trailrunning cousin, the local grocery store I patronize) last week. In fact both brands were on sale, so I decided to have a little taste test to see which I preferred better. Progresso was 2 for $5 and the Campbell's Select was 2 for $4. 1 point for Campbell's! I bought cans of Chicken Noodle and Chicken Rice from both brands.
Upon closer inspection back at the ranch the Campbell's cans are taller but they are also skinnier. They hold 18.6 ounces of soup while the Progresso cans hold 19.0 ounces. 1 point for Progresso! Skimming over the ingridients did indeed show that both Progresso soups contained MSG and neither Campbell's soup contained it. 1 point for Campbell's!
Now the good stuff - the taste test. I started with the Campbell's Chicken Noodle. Poured it in a pot, threw in some minute rice and heated it up on the stove and waited for it to cool. The first taste was...hot! Got to let it cool some more. Once I could wolf it down I really wasn't that impressed with it. I thought it was too bland. It just didn't have the flavor the TV commericals promised. Next was the Progresso Chicken Noodle which I have been eating for years. No comparison here. Progresso wins hands down. It was much more flavorful and hearty. 1 point for Progresso!
A few days later I tried the Chicken Rice soups, starting with Progresso. Same routine - pour, rice, heat, wait. The Campbell's Chicken Rice was very close in taste to the Progresso Chicken Rice. The Progresso seemed to have more chicken in it, the Campbell's had more carrots. I would give Progresso the edge here but by the slimest of margins. 1 point for Progresso!
Final score: Progresso 3, Campbell's 2.
My conclusion is that you get what you pay for and MSG stands for "Makes Soup Good".
Mood: Satiated.
Cheezy Pick Up Line of the Day:
Are you from Mars? Cause your ass is out of this world!
Random Movie Quote:
"We just get Miami Wice on television. Miami Wice is number one new show!" - Eurotrip
There is a bit of a soup war going on right now between Campbell's and Progresso. They have been trading barbs in their TV ads about MSG. Your soups have MSG and ours don't, blah, blah, blah. I decided to try the Campbell's Select soups after seeing one of their ads saying their soup is MSG free, so the ads worked on me.
Soup was on sale at Giant (not my trailrunning cousin, the local grocery store I patronize) last week. In fact both brands were on sale, so I decided to have a little taste test to see which I preferred better. Progresso was 2 for $5 and the Campbell's Select was 2 for $4. 1 point for Campbell's! I bought cans of Chicken Noodle and Chicken Rice from both brands.
Upon closer inspection back at the ranch the Campbell's cans are taller but they are also skinnier. They hold 18.6 ounces of soup while the Progresso cans hold 19.0 ounces. 1 point for Progresso! Skimming over the ingridients did indeed show that both Progresso soups contained MSG and neither Campbell's soup contained it. 1 point for Campbell's!
Now the good stuff - the taste test. I started with the Campbell's Chicken Noodle. Poured it in a pot, threw in some minute rice and heated it up on the stove and waited for it to cool. The first taste was...hot! Got to let it cool some more. Once I could wolf it down I really wasn't that impressed with it. I thought it was too bland. It just didn't have the flavor the TV commericals promised. Next was the Progresso Chicken Noodle which I have been eating for years. No comparison here. Progresso wins hands down. It was much more flavorful and hearty. 1 point for Progresso!
A few days later I tried the Chicken Rice soups, starting with Progresso. Same routine - pour, rice, heat, wait. The Campbell's Chicken Rice was very close in taste to the Progresso Chicken Rice. The Progresso seemed to have more chicken in it, the Campbell's had more carrots. I would give Progresso the edge here but by the slimest of margins. 1 point for Progresso!
Final score: Progresso 3, Campbell's 2.
My conclusion is that you get what you pay for and MSG stands for "Makes Soup Good".
Mood: Satiated.
Cheezy Pick Up Line of the Day:
Are you from Mars? Cause your ass is out of this world!
Random Movie Quote:
"We just get Miami Wice on television. Miami Wice is number one new show!" - Eurotrip
Saturday, December 6, 2008
Gasoline + Collusion = Gasollusion
I started buying gasoline in 1991 and ever since that first day at the pump the spread between the different grades of gasoline has been 10 cents per grade. Premium costs 10 cents more than Midgrade, which costs 10 cents more than Regular. It hasn't mattered if Regular is $1.00 per gallon or $4.00 per gallon, just add 10 or 20 cents to it and you will have the price of the other grades. This means that the spread is a fixed cost. The only variable cost is the price of the gasoline derived from the base commodity oil which constantly changes in price.
Now as prices for gasoline are cascading down the spread between the grades has suddenly increased for no apparent reason. At my local Shell station yesterday Regular was selling for $1.659 per gallon, Midgrade for $1.959 and Premium for 2.059 per gallon. So here in 2008, the spread between Regular and Midgrade has magicially increased to 30 cents per gallon while the spread from Midgrade to Premium remains 10 cents per gallon. This is a clear indication of collusion in the gasoline markets in my opinion.
If the spread between the grades was a percentage of the cost then it would naturally increase as prices went up and drop as prices fell. 5% of $1.00 ($.05) is less than 5% of $4.00 ($.20). This is exactly why Oil Companies like Exxon Mobil and Shell have been seeing record profits as oil rose in price. Their profit is a PERCENTAGE of the base commodity, so as it rises in price so does their profit.
For example, if Regular cost $4.00 then Midgrade might cost $4.20 - 5% higher than Regular grade - and Premium might cost $4.40 - 10% higher than Regular. However that is not what has happened over the past 18 years of ups and downs in the gasoline market. The spread has ALWAYS been 10 cents per grade, no matter what the price.
But suddenly in 2008 the exact opposite has happened. As gas prices have fallen the spread between the grades has RISEN!!! There is no logical answer for this except collusion. I have long wondered why gasoline goes up in price 10 cents at a time but only comes down a penny at a time. That does not speak of an efficient, free flowing market, it speaks of price fixing and collusion in the system between retailers and suppliers.
The next time you hear Congress is holding hearings on something stupid like Steroids in Baseball, call your Representative and ask him why Congress never looks into actual important issues. Things like Collusion in the Gasoline Markets, the Effect of Unregulated Hedge Funds on the Financial Market Meltdown and the Fabrication of Evidence for the War in Iraq to name a few.
Mood: Annoyed
It's Ironic: That my neighbors smoke outside so they don't stink up their own house but they stink up my house if I have my windows open.
Random Movie Quote:
"Brenda?" - Mallrats
Now as prices for gasoline are cascading down the spread between the grades has suddenly increased for no apparent reason. At my local Shell station yesterday Regular was selling for $1.659 per gallon, Midgrade for $1.959 and Premium for 2.059 per gallon. So here in 2008, the spread between Regular and Midgrade has magicially increased to 30 cents per gallon while the spread from Midgrade to Premium remains 10 cents per gallon. This is a clear indication of collusion in the gasoline markets in my opinion.
If the spread between the grades was a percentage of the cost then it would naturally increase as prices went up and drop as prices fell. 5% of $1.00 ($.05) is less than 5% of $4.00 ($.20). This is exactly why Oil Companies like Exxon Mobil and Shell have been seeing record profits as oil rose in price. Their profit is a PERCENTAGE of the base commodity, so as it rises in price so does their profit.
For example, if Regular cost $4.00 then Midgrade might cost $4.20 - 5% higher than Regular grade - and Premium might cost $4.40 - 10% higher than Regular. However that is not what has happened over the past 18 years of ups and downs in the gasoline market. The spread has ALWAYS been 10 cents per grade, no matter what the price.
But suddenly in 2008 the exact opposite has happened. As gas prices have fallen the spread between the grades has RISEN!!! There is no logical answer for this except collusion. I have long wondered why gasoline goes up in price 10 cents at a time but only comes down a penny at a time. That does not speak of an efficient, free flowing market, it speaks of price fixing and collusion in the system between retailers and suppliers.
The next time you hear Congress is holding hearings on something stupid like Steroids in Baseball, call your Representative and ask him why Congress never looks into actual important issues. Things like Collusion in the Gasoline Markets, the Effect of Unregulated Hedge Funds on the Financial Market Meltdown and the Fabrication of Evidence for the War in Iraq to name a few.
Mood: Annoyed
It's Ironic: That my neighbors smoke outside so they don't stink up their own house but they stink up my house if I have my windows open.
Random Movie Quote:
"Brenda?" - Mallrats
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