Tuesday, July 10, 2012

Is there a liberal tone of voice?

Hmm. When the clock radio comes on in the AM,  I can tell the political slant of the NPR pieces by the tone of the announcers voice before I wake up enough to actually comprehend what is being said. 

Monday, July 9, 2012

LIBOR for fun and profit

Barclay's Bank is in hot water over attempts to manipulate the "London Interbank Offered Rate" (LIBOR) to their advantage.  US and Brit regulators got the goods on Barclay's strong enough to make them cough up nearly $500 million in fines, and have their three top officers resign.  Apparently the published LIBOR is put together by averaging reports from all the big banks on how much interest they had to pay to borrow money from other banks.  LIBOR is used to set interest rates on all sort of loans.
  L:IBOR is a new comer.  Back in the day we used the "prime rate", which was alleged to be the interest rate big banks charged their best customers.  Back then General Motors was considered a best customer, so we are talking about a long time ago.  Somehow the financial world stopped using (and reporting on the news) the prime rate in favor of LIBOR.  I have no idea how  that transition happened. 
  Of course you have to wonder about LIBOR.  It's an interest rate one bank charges another bank on a loan between two banks.
  Banks are supposed to raise money and make loans to finance business and construction.  That makes economies grow.  Making loans to other banks just swaps the money around but doesn't  do a thing for economic development.  At least the "prime rate" was a measure of how well banks were doing at their primary job.

Sunday, July 8, 2012

Old Home Day / 4th of July

Franconia put on the usual parade.  Old Home Day is always on Saturday, the Saturday closest to the 4th of July.  Every body comes to the event.
Here we have Ray Burton, North Country politician extraordinaire arriving in his trade mark Olds Delta 88. Ray is executive councilor and country commissioner.  It's said that where ever three people get together in Grafton County one of them will be Ray Burton.
Then we have all sorts of classic cars.  Like this baby.  They don't make 'em like this anymore.
The Tea Party is still boiling mad up here.
 Marching down Main St.  That's Mt Lafayette in the background.  The weather held up, we didn't get rained upon.  When the whole thing was over, the political people all  went to a big GOP phone banking event at the Littleton GOP headquarters. 


Friday, July 6, 2012

Who cares if it's a tax?

It's money out of my pocket, I don't care if you call it a tax or a penalty, it's still money taken away from me.  I don't like that no matter what you call it.
  Newsies and other twitterati get all excited about "precedent", claiming that a "precedent" might win a future court case.  Yeah right, but we lost this one now and we lost it big.  No amount of "precedent" can make up for that.  Plus the courts rule any old way they want to.  They don't pay attention to "precedent" in real life, although they claim they do.
  So let's drop the "is it a tax or is it a penalty" talk.  Every time I hear the TV start in on it again, I reach for the remote control. 

Thursday, July 5, 2012

F-35 fighters sold to Japan for $129 Million apiece

Nice plane and all, but $129 million for a single seat fighter?  The Japanese could only afford four of them.

Jackie Cilley ad. Stop the Pledge

Jackie Cilley is a democratic candidate for governor of NH.  "The Pledge" in full reads "I Pledge to never ever allow a state income tax in NH".  The pledge has been required of all politicians in NH for decades.  Ms Cilley's ad popped up on my facebook page this morning.  I hope this rather lame ad means Ms Cilley is defeatable by Republicans.
   I would not run an election ad that reads "I want to sock you with an income tax." even phrased in north country code words, if I was looking to attract votes around here.  Maybe she thinks it will work down south along the border where Massachusetts democrats have been infiltrating New Hampshire.

Wednesday, July 4, 2012

Disney/Pixar Bride

Went to see it last night at the Jax Jr.  Enjoyable.  The tale is set in McBeth-land with a touch of Viking (sort of medieval Scotland with Scandinavian touches).  Gloomy stone castle on a commanding height, deep woods.  Beautiful tomboy daughter of the local king is being groomed for a dynastic marriage by her mother.  She has very impressive long red wavy hair which the computers lovingly render strand by strand and frame by frame.  Needless to say she is deeply into archery and horseback riding, and given the set of clods for suitors that Pixar gives her, no wonder. 
   The Pixar animation is up to it's usual standards.  Sound is good.  It's in 3-D which is something of a pain and doesn't help the movie at all.  There are some holes in the plot and the characterizations, but it remains a good flick.  Go see it if you haven't already.