Daily Archives: November 26, 2010

Are you following all this “Black Friday” nonsense?

Not even worth linking to, but the Internet is choked with stories of riots, gun-toting maniacs and idiots lining up at 10:00 PM for 4:00 AM store openings. For bargains on toaster ovens? What the frig has happened to us? The same goddamned thing will be for sale tomorrow, or you can buy it from Amazon two weeks from now, free shipping. Good God.

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Delmonte – there’s no “there” there, anymore

According to the WSJ, the firm was busted up years ago. At one time, the firm controlled a pretty large chunk of Hawaii, with both good and bad results: the good was, it kept a lot of the islands as farmland. If I lived I Hawaii, I believe I’d be nervous about a bunch of Wall Street suits controlling my future – I guess these guys mostly concern themselves with Kibble & Bits and Kitty Litter, but how much worse when the pineapple fields surrounding you are a mere afterthought to folks like these.

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Another country, another era, and someone’s off to the Tower of London

Obama needs twelve stitches after receiving elbow in face during basketball game. Do I need to add that I’m glad he’s okay? I hope I don’t.

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Potato cannons

My grand-nephew Asher has never fired a potato cannon – that’s the trouble when your dad dies too young. But we will remedy that today. My first cannon, a most excellent weapon, was rendered inoperable by another father (never lend books or cannons, is the lesson here) but Asher and I are heading off to Home Depot where, assuming Black Friday madness hasn’t afflicted the home improvement market, we’ll secure the necessary PVC pipes and joints so that we can resume firing at our local goose population – they just hate potatoes landing between them!

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It’s beginning to look a lot like Christmas

I got mine, Jack, so screw you!

Walter Noel’s “Greenwich Sentry” Madoff feeder fund goes bust. Actually, I thought the old fart filed for bankruptcy two years ago, but I guess not. Nice to see that, having enriched himself at the Madoff trough for twenty years, Walter is insisting that his defrauded friends pry back the lucre from his cold, stiff fingers. It’s a strategy that will probably work, because Noel’s an old man, and his lawyers can surely keep his avenging victims off his back until he shuffles off this mortal coil. Nice if he’d do the right thing, but that ain’t gonna happen. I love this bit:

The investment partnerships used a form of “non-traditional options trading” implemented by Madoff, [Sentry lawyer] McKeefry said.

I dunno, it seems to me that a Ponzi scheme is a very traditional form of trading, one that quickly separates suckers from their money. Walt must see things different.

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Global warming raising sea level, says the Times, but it picks the wrong city to prove it

Poor old Norlfolk is getting its feet wet and the NYT uses it today as its poster child in its global warming meme (those popular polar bears were unavailable for a photo-op, either because they were previously booked or they’ve drowned).

As sea levels rise, tidal flooding is increasingly disrupting life here and all along the East Coast, a development many climate scientists link to global warming.

But Norfolk is worse off. Situated just west of the mouth of Chesapeake Bay, it is bordered on three sides by water, including several rivers, like the Lafayette, that are actually long tidal streams that feed into the bay and eventually the ocean.

Like many other cities, Norfolk was built on filled-in marsh. Now that fill is settling and compacting. In addition, the city is in an area where significant natural sinking of land is occurring. The result is that Norfolk has experienced the highest relative increase in sea level on the East Coast — 14.5 inches since 1930, according to readings by the Sewells Point naval station here. [emphasis added]

Do you get the impression that the reporter started with one story and her editors changed it?

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What to do when your hedge fund’s raided

Excellent advice from a Bloomberg columnist on who to call first and, most important, how to profit from the calamity.

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