Friday, February 20, 2009
Snow, Cannon gets 12 inches of powder
It snowed all day yesterday and all last night. I had 12 inches on the porch this morning. Light fluffy powder. Doesn't get much better than this.
Thursday, February 19, 2009
Welfare for lawyers Part II
Lawsuits over the cancellation of the Navy's A12 stealth fighter program way back in 1991 are still going on. The amount of money is non-trivial, $2.7 billion for Boeing and $1.4 billion for General Dynamics.
Without going into the rights and wrongs, it is a scandal that US courts have been unable to settle the matter after 18 years. Justice delayed is justice denied. And want to bet all the lawyers are getting paid right on time, with your tax dollars?
Without going into the rights and wrongs, it is a scandal that US courts have been unable to settle the matter after 18 years. Justice delayed is justice denied. And want to bet all the lawyers are getting paid right on time, with your tax dollars?
Canada goose brings down A-320
The dramatic crash of US Air's flight 1549 into the Hudson River was indeed caused by bird ingestion by the engines. According to Aviation Week, the Smithsonian Institutes' Feather Identification Lab has identified the "DNA matter" from both engines as that of Canada geese.
Canada geese weigh 5.8 to 8.7 pounds, where as the engine is certified only against a 4 pound bird strike. Plus, the certification only requires the engine not to explode, not to shuck turbine blades thru the cabin, and not to fall off the wing. There is no requirement for the engine to keep running after a bird strike. Flight 1549 had the extreme bad luck of ingesting birds into both engines, shutting down both of them and turning the A0320 into a glider.
Captain Sullenburger and his crew deserve the highest praise for getting the plane down in one piece and getting the passengers off safely.
Canada geese weigh 5.8 to 8.7 pounds, where as the engine is certified only against a 4 pound bird strike. Plus, the certification only requires the engine not to explode, not to shuck turbine blades thru the cabin, and not to fall off the wing. There is no requirement for the engine to keep running after a bird strike. Flight 1549 had the extreme bad luck of ingesting birds into both engines, shutting down both of them and turning the A0320 into a glider.
Captain Sullenburger and his crew deserve the highest praise for getting the plane down in one piece and getting the passengers off safely.
Wednesday, February 18, 2009
Bailing out GM
One of GM's problems is too damn many lookalike brands. According to Fox, GM currently makes 64 different brands of cars and light trucks. GM plans to cut the brand count down to 36 over the next four years. What GM has been doing is selling the same car under different brand names. This is counter productive. When you sell the same vehicle under the Chevy and under the Caddy name, buyers get the idea that there is no difference between Caddy and Chevy. Bad idea. Pretty soon they demand Caddies at Chevy prices.
Besides, selling the same car under different names runs up the cost (you have to do the documentation over) and dilutes the advertising. Better to run more ads for the same product than advertise the same car under 4 or 5 different names.
Right now the market supports about 12 different car types, sedans, pickup trucks, SUV's/minivans, and sports cars. Offer each of these in small, medium and big, and you have 12 car types. GM ought to drop all the brands that are just duplicates, and then pick the best selling 12 brands and drop all the rest. It would save money and improve sales. And do it now, not over the next four years. Give the 12 survivor cars some of the good old brand names.
Besides, selling the same car under different names runs up the cost (you have to do the documentation over) and dilutes the advertising. Better to run more ads for the same product than advertise the same car under 4 or 5 different names.
Right now the market supports about 12 different car types, sedans, pickup trucks, SUV's/minivans, and sports cars. Offer each of these in small, medium and big, and you have 12 car types. GM ought to drop all the brands that are just duplicates, and then pick the best selling 12 brands and drop all the rest. It would save money and improve sales. And do it now, not over the next four years. Give the 12 survivor cars some of the good old brand names.
The view from the airlines boardroom
Quotes from an Aviation Week Editorial written by Gorden Bethune, retired chairman and CEO Continental Airlines.
"It's embarrassing for Transportation Dept ideologues to push slot auctions as the solution to congestion and flight delays. "
Sorry. It isn't embarrassing, its realistic. No airport can handle more than 60 flights an hour. When more than 60 flights an hour are scheduled in or out, your plane will be late, or diverted to another airport. It's that simple. We need a fair system to assign airlines to slots. An auction sounds fair to me.
"Government must finance the FAA and ATC modernization equitable, not on the backs of ticket prices".
Why not pay for aviation facilities out of a tax on airline tickets? Again, sounds fair to me.
"It's embarrassing for Transportation Dept ideologues to push slot auctions as the solution to congestion and flight delays. "
Sorry. It isn't embarrassing, its realistic. No airport can handle more than 60 flights an hour. When more than 60 flights an hour are scheduled in or out, your plane will be late, or diverted to another airport. It's that simple. We need a fair system to assign airlines to slots. An auction sounds fair to me.
"Government must finance the FAA and ATC modernization equitable, not on the backs of ticket prices".
Why not pay for aviation facilities out of a tax on airline tickets? Again, sounds fair to me.
"Neither a borrower nor a lender be"
Over at the Scratching Post there is a post, talking about liar loans and how it is the responsibility of the borrower not to lie to get one. Maybe. In my book the banker is supposed to safeguard depositors funds by not making loans to people who won't be able to pay them back. We place our money in the bank, with the expectation of it being there when we need it. A banker's first responsibility is to safeguard other people's money, not throw it to the four winds.
People are fallible. Offer a nice house to people and most of them will take it, even if they cannot afford it. The temptation is just too much. And that's what liar's loans (mortgages with no proof of income) are, pure temptation. I like to think that I could resist such a temptation, but let's be real. Most people, myself included, will yield to a strong enough temptation.
Why did the banks make sub prime and liar's loans and alt A loans? Because it was risk free for the bank. The banks sold these dodgy mortgages to the bigger suckers in the market, especially to Fannie and Freddie, but later on even to Wall St brokerage houses. The current Great Depression II happened when the suckers wised up or went broke (Fannie and Freddy), leaving the banks stuck with junk.
We need banking reform to prevent this from happening again.
People are fallible. Offer a nice house to people and most of them will take it, even if they cannot afford it. The temptation is just too much. And that's what liar's loans (mortgages with no proof of income) are, pure temptation. I like to think that I could resist such a temptation, but let's be real. Most people, myself included, will yield to a strong enough temptation.
Why did the banks make sub prime and liar's loans and alt A loans? Because it was risk free for the bank. The banks sold these dodgy mortgages to the bigger suckers in the market, especially to Fannie and Freddie, but later on even to Wall St brokerage houses. The current Great Depression II happened when the suckers wised up or went broke (Fannie and Freddy), leaving the banks stuck with junk.
We need banking reform to prevent this from happening again.
Saturday, February 14, 2009
Bi Partisanship
Watched "Washington Week" with Gwen Ifill last night. They spent most of the half hour discussing "bipartisanship" over the porkulus bill that passed the Senate a couple of hours before the show went on. Little discussion of the bill's contents, or the likelihood of it staving off Great Depression II, the talk was all about "bipartisanship". The panel seemed to feel that, despite all but three "Republicans" voting against the bill, bipartisanship was live and well, and somehow desirable.
Me, I feel this bill wastes money that ought to go to job creation on pay offs to political cronies. Only 11 percent of the money will be spent in 2009 when it is needed, and only a third of it funds job creating activities. The Republicans, rightfully, voted against it en masse, so the result is clearly the Obama/Democrat bill.
That's partisan, and we need that kind of partisanship right now. The voters deserve to have a choice at election time. They have one now, you like the porkulus bill, vote democratic, you don't like porkulus, vote republican.
Me, I feel this bill wastes money that ought to go to job creation on pay offs to political cronies. Only 11 percent of the money will be spent in 2009 when it is needed, and only a third of it funds job creating activities. The Republicans, rightfully, voted against it en masse, so the result is clearly the Obama/Democrat bill.
That's partisan, and we need that kind of partisanship right now. The voters deserve to have a choice at election time. They have one now, you like the porkulus bill, vote democratic, you don't like porkulus, vote republican.
Subscribe to:
Posts (Atom)