January 19th — A Memorable Day

January 23, 2013

Saturday, January 19, 2013 will probably go down in the history of our family. Whether it is actually spoken of again is yet to be determined.

My daughter is a freshman at Butler. For purposes of the story and to protect her reputation, let’s call her “Caroline.” She’s having a wonderful experience there, socially and academically, even if her Verizon phone service on campus is frustrating at times with connections that aren’t made and messages that aren’t delivered or responded to. “C’mon. How bad can it be? You’re just whining,” I have told her several times. It’s a small thing and if you’re going to have something go wrong your freshman year in college, having “poor phone service” be it should be viewed as a blessing.

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The GameDay Bus at Hinkle.

There was never a doubt that we would travel down to visit her and take in a few games over the course of the season. When the schedule was released, I spied the Gonzaga game as one to see. When ESPN announced that they’d bring the College Game Day bus to Hinkle for the first time for that game, it sealed the deal. ON the first day that they were available, tickets were bought and hotel rooms were booked.

We grabbed our tickets and our gear and headed down on Friday afternoon, arriving in Indianapolis just before dinner. Having done the Broad Ripple neighborhood thing for each of our earlier visits, we headed downtown. We parked and walked around on a busy night in the city and found ourselves in front of St. Elmo, a legendary Indianapolis place that I’d last been to about 15 years ago. (It is interesting to note that the real St. Elmo was known as the “patron saint of abdominal pain,” making it among the most interesting choices for a restaurant name that I’ve ever heard.) My wife (for narrative purposes, let’s call her “Midge”) has a couple of friends from Indy and was interested in seeing it, so we trotted in. It was about 7pm and the restaurant was busy. I inquired at the counter and heard that it was a two-hour wait. Under normal circumstances that might not have been too bad, but I had a hungry college student with me as well as our 16-yr old food vacuum with us—let’s call him “John.” So two hours wasn’t going to work out. We kept wandering and made plans to stop in around 5PM on Saturday and try our luck.  Tip-off for the game wasn’t until 9PM on Saturday, so even if we had to wait a couple of hours, it could still work. In the meantime, we had a perfectly awful mean at a place I shouldn’t name following a 30 minute wait.

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Digger, put your shirt back on!

Saturday, Game Day.

The ESPN College GameDay show starts at 10AM Eastern and runs two hours (it switches from ESPN U to ESPN after one hour). The doors to Hinkle were scheduled to open at 8AM. Having planned to be a part of the event for over two months, I didn’t want to miss it. When I heard “Caroline” talking about friends that were going to camp out in line and that she was going to head over at 6AM, I became concerned that our showing up in line as the doors opened might be a problem. I readied “Midge” and “John” for a 6:30 wake-up and out the door by 7:00.

As usual, my genetic link to my mother, a world-class worrier, betrayed me. When we arrived in line at a little after 7, I was the first non-student in line. There were only about 100 kids in line ahead of me. (Now my concern went from “we may not get a good seat” to “the University may get embarrassed on national TV if more people don’t show up.”)

I sent “Midge” and “John” over to a nearby Starbucks for coffee and what Starbucks refers to as “food.” They returned later with tales of getting lost (lost? It’s a 6 block trip?), red lights run, police in the rear view mirror and other weird, 7AM-in-a-city-not-your-own moments.

The doors finally opened and we entered one of college basketball’s cathedrals, and grabbed good seats to begin the two-hour wait for show time. The crowd streamed in at first, then slowed to a trickle. “Caroline” sent a message that she and her friends had failed on the 6AM thing and that they might come over later. Might? I am not above guilt-tripping a kid. “You should really come. This is a once-in-a-lifetime thing, and a huge day for your school,” I said, though probably without as much attention to punctuation and spelling as that retelling conveys.

As 10AM approached and the atmosphere in the building became electric, I noticed that a kid across the aisle from me in the student section was sitting down. He was wearing one of those drinking helmets, with the can holders over each ear and a straw that connects them to the wearer’s mouth. On closer examination, he was not merely sleeping. He was out. People were trying to rouse him. The Butler University mascot, Hink, tried to wake him. Nothing. Finally as we get to show time, he lives. Apparently woozy, but thankfully conscious.

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C’mon, kid! You’re about to be on ESPN!

It’s tougher than you think to be an enthusiastic prop for 120 minutes. I started getting messages from friends asking whether I was at Butler or if it was possible that I was on television. Yes, it was. My cousin sent me a screen grab, that I have dubbed “Mark is not impressed.” One of the challenges about being in the audience, is that you can’t really watch the show. I’m a fan of the show and as such, I wanted to watch the show. I was having much more fun than it seems. There was no “little red light” on the Steadicam–which is really a  60-pound harness with an elaborate arm that allows the operator to move around as much as he wants, without the jibbidy-jibbidy movements that go along with it–so we didn’t know when we were being filmed, and, since some of the crowd shots were not “live”, but taped and dropped in by the guys in the truck, we didn’t see ourselves on the monitors, either. You can tell by complete lack of any “I’m on national television” hysteria by anyone in the shot that no one knew they were on. This was one case where the “idiot magnet” aspect of a TV camera had no effect. The camera man had stood there so long, that we started discussing the camera, whose legacy goes back to the filming of Rocky and the “running up the steps of the Philadelphia Museum of Art” scene. But I digress…

The GameDay guys do 2 hours of live TV without cue cards! Impressive!

The GameDay guys do 2 hours of live TV without cue cards! Impressive!

The show wrapped up and after we got some food, we headed to “Caroline’s” dorm, where we met up with her friends, one of whom had a guest in town who was looking for an extra ticket for the sold-out game. We happened to have one, since our eldest daughter was unable to join us for the weekend.

“What seat numbers do we have? Let’s be smart about which one we give her, since she probably won’t sit with us,” I asked.

“We have 4, 5, 6, and 7,” “Midge” says.

“Let’s give her seat 7,” I replied.

With that “Midge” opened the envelope and peeled the ticket for Row DD, Seat 7 off for her.

After a quick trip to the hotel to clean up, we headed back downtown to St. Elmo. “Midge” and “John” jumped out in front of the restaurant to get our name in while I parked the car. As I’m coming down in the elevator, I get a text message from “John.”

“Four hour wait. Go to Harry & Izzy’s next door.”

I think to myself, “Four hours? At 5PM? That doesn’t seem right. I’ll stop in and see for myself.”

So across Illinois Street I go and into St. Elmo, where the entry area isn’t nearly as filled as it had been the night before at 7PM. I asked one of the three young women behind the desk how long it might be for a table for three. “We’ll sit anywhere, even at those seats at the counter in front of the window,” I tell one of them.

After a look at the computer, she says, “Yeah, we have one for you right now. Go down to the end of the bar and see the hostess and she’ll seat you.”

I have often said, “you never get anything you don’t ask for,” but that phrase hasn’t worked out quite that well for me, well, ever.

“Are you sh***ing me?” I think. I quickly start sending messages to “Midge” and “John” to get them back over to where I was. Seconds pass, then minutes. With each tick of the clock I became more fearful that the hostess would find some error and tell me that she was wrong and that no such table existed. Finally, they walked through the door, bemused and befuddled, right past the hostess that a few minutes ago had told them it was a 240 minute wait. They had already been seated at the other place and were looking at menus when they got up and walked out. A first for “Midge.”

After a little bit of a wait at the hostess stand, we’re led back into a room that had about 10 tables—six of which were empty. They filled up in no time. We were exceptionally lucky and had a very nice meal. As I remembered it the food and the service were great. “John” had a 14-oz bone-in filet that he devoured with a baked potato and about 5 Arnold Palmers. His mother forced a few green beans on him, too.

Aware that the game was a sellout, I was thinking about where I was going to park for the better part of the fifteen minutes it took to get from the restaurant to 49th Street. As we got close, we saw people offering spots for $40. The last game we attended—a preseason affair—we parked on the street a couple blocks from Hinkle. It was clear that wasn’t happening on Saturday. As I passed the arena, I saw a guy holding a sign for $5 parking. Fantastic. We got a good spot, made sure that we could get in and out (I’m not sure exactly why I thought to check that, but I did), and off we went to join the throng.

Upon entering the vestibule at the gate, “Midge” starts to go through her purse-the-size-of-a-3-day-pack to get the tickets. She quickly pulled it out and looked in the envelope to find….nothing. Nothing but advertising materials for Ticketmaster. No tickets. She looked through it again. I looked through it. Nothing. The mind reeled. I went back to the car to see if they’d fallen out of the pockets of her giant coat that she’s lost the belt to twice. Nothing.

At this point, I was thinking that  there were only three places the tickets might have been: at the hotel in the clothes she had worn earlier in the day; in “Caroline’s” room, where she peeled one off for the friend of a friend; or lost. I knew that I could get to the hotel in about 15 minutes, but I would need to get going quickly if that were to happen and still make the tip-off. It was already 7:15. I thought that if I could get “John” to hook up with “Caroline,” who was already inside Hinkle, to get her room key, he could check there while I covered the hotel.

I type out a message to him. No response.

I call both “John” and “Midge.” Nothing.

Over and over. No replies. Then I start to get “message delivery failures.”

I think, “Oh sweet mother of God. THIS is what “Caroline” was complaining about! How am I going to manage this without being able to communicate with anyone? We’re doomed!” I have a vague recollection of some obscenities being thrown into that thought, too.

Somehow I managed to get one message through to “John” about going to the dorm room. Then got a call from a 317 number that I didn’t recognize. It was “Midge” who had borrowed a phone from someone who “John” later described as a “hobo,” a word that I was surprised he knew. I was able to tell her that I was heading to the hotel. She had talked to people at the gate and apparently figuring something out wasn’t out of the question if we had some proof that we at one point had the tickets.

After setting the 2013 Indiana land speed record, I arrived at the hotel. By this time, I was so upset that I decided that if we were unable to get into the game, I wouldn’t want to stay overnight and we’d drive straight home. So as I was looking for the tickets, I was also packing up the room. Finding nothing—the pants she wore earlier in the day lacked pockets (and therefore failed one of the principal functions of “pants” in my book, but whatever)—I loaded up the car and set back off for Hinkle, tying my earlier speed record in the process.

As I approached the Hinkle parking lot, another dread seeps into my head. “Where to park NOW?” It’s now about 20 minutes before tip and what little parking there was 20 minutes ago is long gone. I decide to take my St. Elmo good luck one step further.

I rolled down my window and explained my predicament to a BUPD officer.

“I’m here from Chicago with my family and my wife has misplaced the tickets and I need to either talk to the ticket people about getting in or pick my family up, but I can’t reach them on the phone. Is there some place I can put this thing for while I get this worked out?”

“Sure. Put it right there between these squad cars,” said the officer.

“Are you sh***ing me?” I think (again). Wow. Ok. Yes. This is happening.

Back to the gate to find “Midge,” still visibly upset at our circumstance but even more upset that now there’s no sign of  “John.” She had no idea that he’d hooked up with “Caroline” and headed toward the dorm, which was a little over half a mile away from the arena.

Running. Sprinting. In non-athletic shoes. Less than thirty minutes after polishing off a 14-oz. steak, baked potato and a few green beans, not to mention the non-energy drinks. I called him and actually got through the first time (turns out Hinkle is among the places where cell service goes to die—the further you are away from the building, the better the service).

After a quick discussion with the gate attendants, telling them our story and showing them the Ticketmaster email traffic, they inexplicably agree to let us in, with a warning that they’re aware of counterfeit tickets for the game, so there might be people in the seats we bought. I hugged the woman at the gate. (I’m sorry for entering your personal space, ma’am. It was an emotional moment.)

So…we had inexplicably talked our way into the biggest game of the year. “Ok. This is still! happening,” I think.

Having scouted the arena before buying the tickets, I had a really good idea where our assigned seats were. When we arrived at the assigned spot, the bleachers that constituted seats 1-5 were wide open. After a little scooching over, some more room was made and the three of us actually got to sit down right at the opening tip.

Whew. Unbelievable. We had made it.

A couple arrived for seats 2 and 3 and I moved over a little bit more, and then another guy showed up for seat 1, and at that point, there wasn’t any further over we could move. I suspect that he got about half a seat.

At the first TV time-out, I stood up to stretch a little and was startled by a guy yelling obscenities behind me. As I turned around, I realize that he was actually yelling at me! He had come from somewhere else in the section in defense of the three people on my right. He was quite exercised that he had purchased those seats and that I hadn’t moved over far enough to let them sit in the well-spaced seats that Hinkle has. (Butler should take lessons from The Big House at the University of Michigan and paint those numbers closer together. It may mean that they have to get thinner fans, but they’ll sell the tickets, trust me.) After telling him that we’re in our assigned seats and we’ve moved over as far as we can, he repeatedly threatened to “get the cops over here if you don’t move over.” This went on for longer than I wanted it to (an understatement, since I wanted it to have never started), when a guy in the row behind us invited the yeller to in fact, go get the cops because “there’s nothing else he (meaning me) can do; he can’t move over any more.” There was more to it than that. “John” reported later that the yeller’s neck veins were popping and that he was worried that the guy might take a swing at me (which I had considered and would have viewed as a positive development–an assault and battery charge against Mr. Mad would have earned me some (more) sympathy from the Hinkle administrators). As the time out ended, we sat back down and schooched over even more and the yeller continued to scream that I’m not sitting in my seat number 4, but that I’m in “3 and a half.” After his three guests sit back down and assured him the situation was ok, he unexpectedly retreated to his seat, somewhere behind us and to the left, never to be heard from again.

Had the police actually come down, I’m sure it would have ended badly for someone, maybe even us. We knew we owned 4, 5, 6, and 7. I suspected that there were people in that row that didn’t belong–maybe even us. Unfortunately, we didn’t have anything other than a receipt to prove that we once owned the spots. Mercifully, it didn’t come to that.

Whew. Having dodged a(nother) bullet, we tried to watch some basketball.

At the second TV time out a(nother) strange thing happened. A man walked down our aisle and told me that I was in his seat.

“How is that possible?” I ask.

“I’ve got the ticket,” he said, pulling out a ticket bearing Row DD, Seat 4.

“Where’d you get that?” I asked, knowing that a) I owned that seat for more than 2 months and b) the game was completely sold out.

He said, “I just bought it downstairs.”

Knowing that this was either one of our tickets that had been picked up and scalped or a counterfeit, I showed him our receipt saying that we, in fact owned the seats and that he was out of luck.

He turned and walked away.

I could not believe it. I must be more persuasive than I thought.

At this point I was thinking, “What could possibly happen next?” It had become pretty clear that we wouldn’t be able to leave our seats for any reason, squatter’s rights being what they are.  So we stayed and enjoyed a great game and the wonderful atmosphere at Hinkle.

Oh, and Butler won the game on an improbable turnover and basket with 0.2 seconds to go that sent the place into bedlam.IMG_0851

For us, it was just one more chaotic moment in a chaotic, eventful and memorable day.

Let us never speak of (some of ) it again.

Post Script: I realize that by telling this tale I’m running the risk of steps being taken at Hinkle Fieldhouse and in the parking lot to never let something like this happen again. And I certainly don’t want any of the ticket takers or police guys to get in trouble for helping us out in our time of distress. I am forever thankful to those wonderful people who were willing to both take my word for things and to try to accommodate us as best they could. I know that other places would not have been so accommodating or helpful. Knowing that there are still people willing to do things like this is one of the reasons that we’re so happy to have entrusted our daughter to the Butler family.


Business Owners and Obamacare

November 11, 2012

I must not understand economics as well as I think I do.

There are a couple things I need some help understanding. These business owners who say they are going to either close or reduce their employee count because of the Affordable Care Act (here and here), they don’t think that their customers are going to go without their products, right?

Aggregate demand for their services won’t be reduced just because one supplier doesn’t produce any longer, will it?

So those customers will simply go to competitors, won’t they?

They’ll go to someone who can manage their business more efficiently (and profitably) in an environment of higher fixed costs–someone who can produce the quantities demanded.

Supply may be reduced when these guys (and they seem to all be guys) cut back, which potentially raisies prices (depending on its elasticity), but the supply won’t fall to zero. Those surviving business will generate more sales and (potentially, depending on their own capacity and efficiency) hire more people.

Isn’t that the way the system works? The inefficient producer is run out of the market and the efficient ones survive and prosper? Am I missing something?

Aren’t these guys who are making noise about this just admitting that their inefficient and bad managers?


The (Second) Best Playlist Nobody Heard

September 24, 2012

Another party, filled with lots of fun and lively conversation and a great playlist that no one heard.

  • Rolling In the Deep– Adele
  • Ain’t Wastin’ Time No More– Allman Brothers Band
  • I Say A Little Prayer– Aretha Franklin
  • Riding With The King –B.B. King & Eric Clapton
  • The Weight– The Band
  • Rag Mama Rag (edited)– The Band
  • Don’t Do It (edited)–The Band
  • Do It Again– Beach Boys
  • One After 909– Beatles
  • Doctor Robert– Beatles
  • I Want To Tell You– Beatles
  • Old Brown Shoe– Beatles
  • Girl –Beck
  • Tombstone Blues– Bob Dylan (Unplugged)
  • Dignity– Bob Dylan (Unplugged
  • Something to Talk About– Bonnie Raitt
  • Summer of ’69 –Bryan Adams (Unplugged
  • Mr. Soul– Buffalo Springfield
  • I’ll Feel a Whole Lot Better–The Byrds
  • Aint No Rest For The Wicked– Cage The Elephant
  • Last Name– Carrie Underwood
  • Thunder and Lightning– Chi Coltrane
  • One Fine Day– Chiffons
  • Fill Me With Your Light– Clem Snide
  • Speed Of Sound– Coldplay
  • Linger– The Cranberries
  • Fortunate Son– Creedence Clearwater Revival
  • Bohemian Like You– The Dandy Warhols
  • Girls Talk– Dave Edmonds
  • Two More Bottles of Wine– Delbert McClinton
  • Peace Frog–The Doors
  • Iko Iko– Dr. John
  • Son Of A Preacher Man– Dusty Springfield
  • Hard Sun– Eddie Vedder
  • Ball & Chain– Elton John
  • Monkey to Man– Elvis Costello & The Imposters
  • A Little Less Conversation– Elvis Presley
  • This Is Us– Emmylou Harris & Mark Knopfler
  • Save It For Later– English Beat
  • Thorn In My Side– Eurythmics
  • Shame –Evelyn Champagne King
  • Praise You– Fatboy Slim
  • Blue Monday– Fats Domino
  • Dog Days Are Over– Florence + The Machine
  • Bright Future In Sales– Fountains Of Wayne
  • The Race Is On (Live)– George Jones
  • Gone Daddy Gone– Gnarls Barkley
  • See the World –Gomez
  • Bad Chardonnay– Graham Parker
  • Sugar Magnolia– Grateful Dead
  • The Golden Road– Grateful Dead
  • Jack Straw (5/3 Paris)– Grateful Dead
  • Hell in a Bucket– Grateful Dead
  • Samson and Delilah– Grateful Dead
  • Star Baby– Guess Who
  • This Guy’s In Love With You– Herb Alpert
  • Closer to Fine– Indigo Girls
  • Cocaine –J.J. Cale
  • You Can Leave Your Hat On– Joe Cocker
  • Big World– Joe Jackson
  • Whatever Gets You Thru the Night– John Lennon
  • Bear Creek Blues (Live) — John Prine
  • Spanish Pipedream (Live) John Prine
  • Sweet Revenge– John Prine
  • Illegal Smile– John Prine
  • Dixie Chicken– Little Feat
  • You Can’t Resist It– Lyle Lovett
  • Pleasant Valley Sunday– Monkees
  • Got My Mojo Working– Muddy Waters
  • New Shoes– Paolo Nutini
  • My Baby Gives It Away– Pete Townshend & Ronnie Lane
  • Arnold Layne– Pink Floyd
  • Gone Gone Gone (Done Moved On)– Robert Plant & Alison Krauss
  • Both Ends Burning– Roxy Music
  • Mother of Pearl– Roxy Music
  • Mean Woman Blues– Roy Orbison
  • Going Out Of My Head– Sergio Mendes & Brasil ’66
  • I Am A Man Of Constant– Sorrow Soggy Bottom Boys
  • Black Coffee in Bed –Squeeze
  • Pictures of Matchstick Men– Status Quo
  • Stuck In The Middle With You– Stealers Wheel
  • King Of The World –Steely Dan
  • Your Gold Teeth II –Steely Dan
  • Rikki Don’t Lose That Number– Steely Dan
  • Don’t Take Me Alive– Steely Dan
  • Sign in Stranger– Steely Dan
  • My Cherie Amour– Stevie Wonder
  • You Haven’t Done Nothin’ –Stevie Wonder
  • Poke Salad Annie –Tony Joe White
  • What You Know– Two Door Cinema Club
  • I Got You Babe –UB40
  • Gloria– Van Morrison with John Lee Hooker
  • A Certain Girl– Warren Zevon
  • Poor Poor Pitiful Me– Warren Zevon
  • Good Hearted Woman– Waylon Jennings & Willie Nelson
  • These Are Days– 10,000 Maniacs

 


Four Years Ago

September 17, 2012

Starting with the Republican National Convention last month, there has been many people asking “Are you better off now than you were four years ago?”

And it got me to thinking about my situation and whether I am or am not better off.

  • Four years ago, the general public was blissfully and mercifully unaware of how very close our entire financial system came to bringing this country to its economic knees. (They still neither really know or appreciate the seriousness of the crisis, and as a result, efforts to reform the system and prevent future meltdowns has been largely ineffective.)
  • Four years ago this weekend, I was sending messages to my immediate family and to my in-laws telling them to go to the bank and get a couple thousand dollars in cash, because I was no longer confident about which of the nation’s banks would be able to open their doors on Monday, or if they’d bother to fill the ATMs with cash.
  • Four years ago, I was racing around moving money to banks that were likely to survive–those that I thought were too big for the government to let them fail.
  • Four years ago, I was on the verge of losing my job for what would turn out to be a 16-month period, as the financial system completely melted down and economic activity slowed dramatically.
  • Four years ago, the financial system failed. No one trusted anyone else. Intra-bank lending ceased. Markets were not functioning at all, let alone anywhere close to normal. It was a total collapse. We were staring into the abyss.
  • Four years ago, all the defanging of regulatory regimes and the hopes that market forces would correct all excesses without killing us came crashing down. Even our Randian Chairman of the Federal Reserve, Alan Greenspan, admitted that his long-held theories of market operations were proven incapable of explaining what happened, let alone preventing it. The markets corrected all right–all at once! when everyone ran from one side of the boat to the other, causing it to tip over.
  • Four years ago, it was every man for himself until the government and the Fed recognized the folly of letting the market work its unhindered magic.

I’ve now been re-employed by two separate firms in jobs that while perhaps not what I would ideally want to be doing, will suffice. The financial system is operational. Money is moving among the various players in the industry and between lenders and borrowers. The financial system has been saved. It’s far from perfect, and, as noted, some of the efforts to prevent future problems have been ineffective and off-base. But it’s working.

So, for me, the answer is most definitely YES. I am better off than I was four years ago. Whether we as a nation are better off is a slightly different question–but not one that the Romney camp is asking, yet.

The question that this line of argument from the Romney campaign raises is: Are they sure they really want to be asking this question? Most of the bullet points referenced above relate to the events of “Lehman Weekend” when Lehman Brothers was allowed to fail, Merrill Lynch was gobbled up by Bank of America, AIG failed, Fannie and Freddie were put into conservatorship, and all hell was breaking loose.

The anniversary of Lehman, et al. works against Romney, not for him. The non-regulatory framework, their undying belief in only-market forces that he advocates is precisely what led us down the path to the disaster that befell the financial industry. The excesses that built up were not effectively managed by the market.

Did the Romney campaign not have access to a calendar that showed September 2008? Did they not remember the headlines and front pages like this one?

A Day to Remember. Why does the Romney campaign want to remind us of what was happening four years ago this weekend?

What are they thinking by pursuing this line of argument? Or are they thinking at all?


Fifty

September 5, 2012

Aging beats the alternative.

I’m not afraid of getting old. I just don’t want to be there when it happens.

I’m trying to trade in my 50 for two 20s and a 10.

Seriously, who isn’t grateful to be around today, with all that we’ve accomplished and all that’s underway?

Man-made objects are leaving tracks on friggin’ Mars and sending back pictures in high definition. Other things are farther away from Earth than man has ever conceived of, and sending us pictures.

We have interconnectedness like never before (for good and ill), shrinking our otherwise dehumanized, lonely world. The concept of six degrees of separation now seems entirely antiquated.

We’ve made such advancements in medicine that life is now capable of being prolonged to such a degree that we’re actually wondering if we live too long! Think of it!

Of course, it’s not perfect and far from it. There are many who suffer and tough roads ahead. But humanity in total and we as Americans have never (NEVER!) failed to prevail and eventually tame whatever challenge it is that has faced us. This time will be no different. This is not the end of times. This is not an existential threat to our existence. We will get through it and thrive.

Despite reports to the contrary, I am quite an optimist. An old optimist.


Facebook and Old People

August 14, 2012

 

Sixty-five percent of adults in the United States have a Facebook account, including my 81-year old father. He doesn’t use it much. He started it last year after I told him that his granddaughter was posting pictures of her semester in Italy there and that Facebook was the best way to keep up with her adventure (even if it meant seeing her in various states of sobriety and with foreign men with a natural attraction to American blondes).

I have only rarely used a photograph of myself as my profile picture on the site, relying on photos (and cartoons) for purely comedic and crack-myself-up purposes.

I was doing my usual computer clean-up of my dad’s computer recently and he mentioned how infrequently he visited Facebook, but that more and more of his friends are talking about its uses and value. So I logged him on and showed him around a bit, including my page.

Him: “That’s your name, but that’s not your picture.”

Me: “There’s no requirement that you use your own photo.”

Him: “But that’s not your picture. It’s your name. How do people know it’s you if that’s not your picture?”

Me: “Trust me. They know.”

 


Golfer Struggles; Keeps Going

July 18, 2012

God may punish me for sharing this, but if he/she does, it will just be one more thing for which I am punished.

Today, I saw one of the most remarkable things my eyes have ever beheld (below). The young person (name withheld for obvious reasons) is a teenager who has posted reasonable scores in prior events, so there is some level of previously established competence.

Your eye is easily drawn to the first part of the round, holes 2 through 5. Each of these holes that have some combination of out of bounds and water hazards on them. Despite those hazards, it’s difficult to imagine what happened during this 90 minutes stretch. By my estimation, the contestant probably lost two dozen golf balls on these four holes; conceivably one full dozen on the fifth hole alone.

It’s easy to focus only on that first part. What I’m amazed and impressed by is that this kid kept going. There was a decent stretch of holes in the middle of the back nine.

A lesser man might have just walked in (after all, the fifth green isn’t far from the clubhouse. In fact, lesser men have walked in when facing such adversity. Whether it’s Tiger and after his +6 on the first nine of the 2011 Players’ Championship, or John Daly on any number of occasions (he’s gone so far as to play all 18 holes then either fail to properly sign his card and get DQ’d or to get to the 18th hole and fail to hole out so that he doesn’t have to post his number), or any other PGA Tour pro you see in the newspaper with an 84-WD next to their name. But not our kid. He kept going. And going, and going and going. Good for him.

I’d love to know the story behind what went on, but fear that I never will. In the meantime, I salute our junior golfer and wish him the best next time. While I’m sure he’s disappointed and likely more than a little embarrassed, he should be proud of his willingness to see it through and post his number.


A quick word in defense of the Nanny State

May 31, 2012

New York Mayor Michael (Don’t Call Me “Mike”) Bloomberg today announced regulations banning over-sized sugared drinks for sale in the city. Predictably many screamed about the terrors of government over-regulation and the ever-increasing Nanny State.

I generally share those sentiments, but have had something of a recent conversion.

Society shares all the costs of the poor choices that its members make, from those that want to ride motorcycles without helmets, to those that enjoy a Big Gulp or six. When the motorcyclist (inevitably) dumps his bike and ends up in the emergency room, his insurance company (if he has one) foots the bill–and passes those costs onto the rest of the insurance pool in the form of higher premiums. Those that eat and drink to excess those things that have been proven beyond question to advance diabetes and heart disease and other medical maladies are not the only ones paying the price for their decisions. We all are. What we have is a “free rider” problem. Those that indulge in risky behaviors pay only their insurance premiums while the rest of us face increased costs from their choices. It is the nature of insurance; to spread the risk over a large pool. Some people win and some people lose in the bargain. There’s a reason that life insurance companies want to know up-front if you’ve jumped out of a perfectly good plane. If you’re one of “those people” perhaps we shouldn’t be offering to insure your life. The same principle applies to health and health insurance.

Doesn’t it make sense at some elementary level to attempt to protect the balance of the pool from the poor choices of others? Sure there are lots of problems with what Mayor Bloomberg is trying to accomplish. The practicality of enforcement is low, especially when you consider things like fountain drinks and that there is no proposed limit on the amount of diet drinks you can purchase (buy one diet drink in a giant cup, but “just happen” to fill it up with the sugared drink and viola!).

The sense that we’re all “free” to do what we please is and has always been a fallacy. As Elizabeth Warren pointed out in another context, no one succeeds alone. We are all linked. We are all in one pool. Breathing the same air and drinking the same water. What we do inevitably effects others. Mayor Bloomberg is naive and maybe a bit crazy to try this, but if people aren’t willing to take care of themselves, perhaps the ultimate payer–the government, as a representative of those of us footing the bill–should.


On JPMorgan and Risk

May 15, 2012

Fact: Humans underprice risk.

It’s why people sign waivers before jumping off bridges attached to rubber bands.

It’s why the most frequently occurring last words of accident victims are “watch this.”

It’s why there are credit cycles and bank failures.

It’s why we need seat belts, air bags, anti-lock brakes, roll cages, and crumple zones.

It’s why people live in San Francisco and along the hurricane-ridden coast and why we rebuild in those places after they’re destroyed.

It’s why we build nuclear power plants on earthquake fault lines.

We can’t stop ourselves.

There’s much to talk about about JPMorgan’s announcement of their trading loss, but for now, let’s stick with the fact that they underpriced the risk of the loss growing to be $2 billion and likely more.

Felix Salmon of Reuters noted, ” JP Morgan more or less invented risk management. If they can’t do it, no bank can. And no sensible regulator can ever trust the banks to self-regulate.”

I think that’s right.


Land of the Ancients

April 30, 2012

I was watching CBS Sunday Morning yesterday, which featured a story on Robert Caro, the great historian and two-time Pulitzer Prize winning biographer. The occasion for the interview was the release today of the fourth volume of Caro’s magnum opus on Lyndon Johnson which covers the period from 1958-1964. The centerpiece of the volume is, of course the assassination of President Kennedy and Johnson’s elevation to the presidency. An excerpt from the new volume, entitled “The Path to Power” appeared in the April 2, 2012 edition of the New Yorker (which is behind their paywall). It is a gripping tale and worth reading.

The thing that caught my eye during the CBS broadcast yesterday was the image below from a joint session of Congress on November 27, 1963. Pictured are President Johnson, Speaker John McCormack and Senate President Pro Tempore Carl Hayden. (The gentleman on the right side is unknown.)

Joint Session of Congress, November 27, 1963

Look at how old those guys are! At the time, Speaker McCormack was 72 years old (born in 1891). Senator Hayden is 86 years old in this photo (he was born in 1877!). The average life expectancy of an American male in 1963 was 66.6 years. These guys were literally living on borrowed time. Senator Hayden was 120% of the average life expectancy. Based on 2011 tables, that would equate to a 98-year-old Senator today.

Hayden was so old and feeble that when he rose to be second in the line of succession for the presidency (during the period in which there was no Vice President from 11/22/63 through 1/20/65 when Hubert Humphrey became VP) that he had a plan if the situation arose in which he was required to become the President. He said that he would await the appointment of a new Speaker of the House (ahead of the Senate President Pro Tem in the line of succession) and then resign and let the new Speaker assume the presidency.

Every time you think that the current moment is unique or fraught with things that have never been seen before, you stumble across something that reminds you that every era had its strange elements and unique circumstances.