Weight is now relative to Income.

Delta airlines has just come up with a startling revelation. Weight is relative to income. Coach passengers will now be charged $25.00 for a second bag. First class customers will not. I guess what I never knew is that the extra bags that first class customers check must weigh significantly less than coach fliers. Amazing things you learn on the net.

Kinda like execs getting company cars. The only workers that get them are the ones that can easily afford them. I always thought the mail room folks should get company cars as they are the least likely to afford them and the first cog in the business process. Don't get me wrong, I am not bitter here as I am one of the one's who had a company car. I just thought it was silly. Perhaps the economy would get better if high fliers had to spend some of their money too.

Mo Money for the Bear

Now the latest on Bear Stearns. JP Morgan sweetens the offer by 500% per share. What happened to the necessary bail out by our gov't. Sounds to me like there was no crisis. What a surprise that our government would knee jerk to try and prop up markets in a free(?) market system. I saw a pundit who was lamenting the fact that the Bear Stearns deal is different as the major stockholders (aka execs) were wiped out. My guess is they would have had to learn to live as millionaires as opposed to billionaires. Let all who have sympathy for the greedy please cry out together. What a bunch of dung.

Lions and Tigers and Bear Stearns - Oh My!!

I have been able to witness the actions similar to what happened to Bear Stearns in my working life. Highly educated ivy leaguers and/or actuarial types think that math and pure intelligence overcomes ignoring business fundamentals, smart business decisions, listening to customers, and tapping the experience of people who have been there and end up ruining companies.

They ruin lives, customers lives, all because they look for the quick buck instead of the earned buck. Customers don't count, employees don't count, country doesn't count, nothing counts except return to the shareholders.

And now the Fed comes in and bails out a company like Bear Stearns who did what I describe above. Guess whose tax dollars are now backing up poor corporate decisions based on greed. The next bunch of greedies just got a new safety net, you and me. I say let them fail as an example that doing business based on greed and poor quick buck risky decisions should get you a lot of trouble. That is what free markets do, reward the truly well run companies and banish the others.

To see who we are helping go here:

http://online.wsj.com/article/SB120571021671940207.html?mod=yhoofront

Where have you gone Joe Dimaggio?

I hear that the Yankees are renaming Legends Field (their spring training home) George Steinbrenner field. Thanks Hank. Guess the legends thing is getting old. Who cares about Ruth, Gehrig, Dimaggio, Berra, Mantle, Jackson, Jeter,................

I also hear the last sporting event in Yankee Stadium will be an outdoor hockey game. Another Hank driven travesty no doubt. I made the pilgrimage to Yankee Stadium last spring to make sure I saw a game in the house that Ruth built before I went to join the Babe. Somehow, someway, somebody should make sure the last game played on that field is a baseball game.

Eliot's Mess

So, I am listening to this psychologist on one of the idiotic 24 hour news(?) channels and he says Mr. Spitzer has an emotional problem. He says men in power only really display two emotions, anger and desire for sex because they can't display any other emotions. What a bunch of hooey.



If the above is true then that means Eliot gets a pass because he can't control himself and really can't be held accountable for knowing right from wrong, at least emotionally. Are you kidding me? They really had this guy on and gave him some credence.

The Economy and other mild ramblings

Let's see if I understand the issues:

1. Ten percent of all homes in this country with mortgages are in default.


2. Millions of boomers lost their pensions (reform act was at least 5 years too late).


3. Millions of jobs have been lost due to NAFTA and greed.


4. U.S. Stock Market is tanking.


5. We attacked Iraq under false pretenses spending trillions.


6. CEO's now make millions after they wreck a company.

Solutions heard so far:

1. Give everyone a rebate on their taxes. Prop up greedy banks and the like where the aroma of fast money over rode the stink of the ridiculously poor business decision.


2. Pension Reform act - see above.


3. Rhetoric from Dems indicate we need to reform this treaty. GOP loves it as free traders.


4. See 1,2,3.


5. No WMD. No we have one party saying we will be there for 100 years and another will start getting out tomorrow. Do we still have troops in Japan, Korea, Germany? Can't we just be honest and realistic for once.


6. Not seen as a problem in our new culture of greed.

It is good to know however that we may soon find out whether or not Roger Clemens shot steroids up his back side. Thank you Congress, I was worried for a while.