Could Someone Please Explain…

Let me start off by admitting I am not an expert in the world of high finance.  How bad I am?  I still take off my shoes off whenever I try to balance my check book.  (OK, that’s a bit of a stretch, but it is true that I took Algebra twice in college and not because I had enjoyed it the first go around).

Still, my head spins around like Linda Blair in the movie “The Exorcist” whenever I hear someone try to explain the economy to me.  The pundits claim our economy is fragile and teetering.  The Stock Market reacts to Europe hiccuping and the Dow drops 320 points, but then retailers break all sales records during “Black Friday” and “Cyber Monday” and the Dow ends up gaining 400 points back.  Lets face it, it’s easier to make sense of a Kardashian wedding than what Wall Street likes and doesn’t like.

Today the news is all about Citigroup getting a slap on the wrist (if you consider a $285 million settlement small potatoes)  because they misled (allegedly) investors in a $1 billion CDO linked to sub-prime residential mortgage securities. Investors ended up losing about $700 million.

Why is Citigroup getting off so easy?  Because the SEC does not have the money and/or time to prosecute them, and if they did decide to take them to court, they would not have the resources to go after other institutions that are violating the system.  In other words, it’s easier for us to settle then to punish.  And the worst part is that Citigroup does not have to admit any wrong doing under the terms of the settlement. I’m sure Bernie Madoff is fuming that he didn’t get to make the same deal.

I would love to know how financial institutions plan a budget for when things like this happen.  Let’s see, we better put 5% of the revenue generated to the side in case we get caught and have to settle.  Who needs less regulation and government interference when you have a system like this in place?

What really gets me is when my 401k takes a nosedive because some A-Hole throws a Molotov cocktail in Syntagma Square in Athens because they want to retire with a full pension when they turn 12 (or something like that). I’m still waiting for an economist to explain why I need to pay for that.  Some people will suggest the world is simply becoming smaller, and I’m beginning to think that is not such a good thing.  I say let Greece drown itself with self inflicted wounds and keep their problems over there (but make sure we keep those yummy Spanakopita pies and dreamy Frappe drinks coming).

It’s been 10 years since the collapse of Enron, and what exactly have we learned?  It appears not much.  I read somewhere Presidential contender John Huntsman, who has as much of chance of winning the Republican nomination as Barney Frank does, believes banks are too big and should be made to be smaller in size and scope.

I have to say I agree with Huntsman.  Any financial institution that can bring an entire economy down is too damn big, but then again, I may be wrong; after all I didn’t end up taking Algebra II in college.

Being thankfull

I was talking with my mom on the phone over the weekend.  During our conversation, she told me she wanted to write a letter to the editor.  Oh boy, I thought.  Time to start researching a home for the old lady.

ThanksgivingI asked her what the letter would be about and she said Thanksgiving.  She was reading the paper and it had a rundown of suggestions for each day of the week leading up to the Thanksgiving Day holiday.  Monday you bought the bird.  Tuesday you cleaned the house and get ready for company.  Wednesday you bake the pies and put together the final preparations leading up to Thanksgiving when you eat, watch football, then eat again.

What about giving “Thanks”, my mom asked?  Shouldn’t you set aside time for that?  I paused for a moment to think about what she said, and could find no fault with her logic.

I joked that Thanksgiving was a day for all us to rest for “Black Friday”, but after we hung up, I realized just how right she was.  Everyone will be running around trying to get everything ready, but forget the real meaning of the holiday (although you might be able to say that about most holidays).  We should be giving thanks for all the blessings we recieve.

I’m going to make it a point this year to do just that.  I’m going to take a moment and give thanks for all I have including having a very smart mother.

Does This Make Me a Great Photographer?

Pilgramage by Annie Leibovitz

Pilgramage by Annie Leibovitz

There is no denying Annie Leibovitz is a great photographer.  That’s why I found it so odd that the photo which adorns her new book is, for lack of a better word, plain.

She was interviewed recently and spoke about how she went with her three young children to Niagara Falls. She said “that’s when I started making lists of subjects to photograph”.  Among the iconic Niagara Falls, she also took pictures of the houses of Virginia Woolf and Charles Darwin in the English countryside and Sigmund Freud’s final home, in London.

I visited Niagara Falls this past summer with my wife (who I think broke the record for most photos taken of the falls).  It was a warm, sunny day and all the tourists were enjoying the views and of course, taking lots of photos.  I thought to myself at the time how easy it was to snap breath-taking photos of this natural wonder.

My CoverNow, I don’t want to start an argument, but I challenge you to tell me her photo is better.  The angles between the two pictures are a little different, but I think our photo uses the light better 🙂

 

 

Honoring Veteran’s

 

Veteran's Day

I want to take a moment to say thanks to the men and women for serving our country and protecting our freedoms.

I often wonder if I would have the courage to serve in harms way if needed.  I don’t know the answer to that questions, but I’m grateful to those who do.

A Teachable Moment

There’s a lot not to like about college football these days.  All you have to do is look at what’s happening at Penn State to know something is very wrong.  While the events in “Happy Valley” are shocking and horribly disturbing, it’s just the latest symptom of a beloved fall tradition spinning out of control.

Just consider what’s taken place this year…

  • The University of Texas launch their own cable channel causing other schools to have TV envy.
  • Tired of living in the Longhorn’s shadow, Texas A&M jumps to the SEC.
  • Not to be outdone, Missouri also jumps to the SEC, West Virgina is trying to get to the Big 12 and Boise State could be in the Big East.  (and we wonder why Americans don’t know their geography anymore)
  • And bowl games aren’t exempt from the fun.  Fiesta Bowl CEO John Junker was fired after a report came out, exposing the Bowl paid for his 50th birthday party with a bill of $33,188.

It begs the question, who is in charge; the NCAA?  They’re scared to death the big schools would leave and form their own super conference.  No, it seems that the almighty dollar is still King of the Hill of college football. 

What Me Worry?

The decent thing for Penn State would be to forfeit its remaining games, but with all that money at stake, it’s not going to happen. 

Some might say it’s not fair to the players, but it would be a great teaching moment for all of us that sometimes life isn’t fair and there are some very bad people out there.  Just ask the victims who were abused.

Wildlife Photos

One of the cool things about my job is getting access to various wildlife and being able to take their pictures.  The photos are taken in a controlled environment which allows them to look natural and gives me a chance to capture their beauty.

Here’s a quick slide show of just a few of the better ones….

Been a Long Time Since I Rock and Rolled

It was on this day in 1971 Led Zeppelin released it’s fourth album.  The 8 song album came unnamed, but soon became known as Led Zeppelin Four, ZOSO, or Zep IV.

If you were growing up in the early 70’s, the importance of this album cannot be understated.  It would be hard to argue against “Stairway to Heaven” being the greatest rock song of all time.  You would also be hard pressed to find an album with the plethora mix of songs.  From the hard driving “Rock n’ Roll”, to the mystical “Battle of Evermore”; Led Zeppelin Four captures the brilliance and diversity of one of the all time great bands.

Did radio over play many of the songs found on the album?  You bet, but don’t blame the band for that.  That was more a result of radio researching songs to death and then shoving the most popular down the consumers throat.  It should not diminish or take away from the greatness of what Led Zeppelin Four was and still is.

The album was released at a time when FM radio was just taking off and many stations went to the Rock Format.  Imagine DJ’s picking the songs they wanted to play.  What an amazing rush it must have been for DJ’s to cue up “Stairway to Heaven” for the first time.

Some records are called great because record labels market them as such, others are called great because they stand the test of time.  ZOSO falls into the later category.

Signing Off

Zak 2The world of radio and the city of Houston recently lost someone who could be called a legend, an icon, a mentor, and/or a family man (pick one or all).

Bill Zak passed away after a long and distinguished career at KTRH.  Over five decades he did it all.  He was a “News Presenter”, anchored an Agri-Biz program, and was a co-host of the popular KTRH Gardenline.

Bill Zak was a lot of different things to a lot of people, but to me, he was a treasure trove of great stories about the “Golden Age” of radio.  Bill would start telling me one story, only to morph into a second one and then end up telling me a third one.  When he was done he would say, “you asked me what time it was and I told you how to build a watch”.  I didn’t care.  I loved hearing them all.

ZakEd Shane who was the Program Director at KTRH in the early 80’s said he tested personalities in the early 70’s to determine the most popular/best known person in Houston.  The top three were the Mayor, Judge Roy and Bill Zak.

I guess that’s why I was a  little surprised at the lack of media attention when Bill passed away.  I found it sad that the passing of someone who had such an impact on so many lives was not acknowledged by more people.  Randy Lemmon (who replaced Bill) did a nice tribute on the KTRH Gardenline.  It was great hearing the old Bill Zak stories and hearing that powerful voice one more time.

After the service was over, one of the old “KTRH’ers” said he was surprised at the lack of turn-out of people who worked with Bill through the years at the station.  I agreed and told him I thought it was disappointing, but then I started to think about it.  There were four people who were at the funeral service associated with Bill because of KTRH, but there were many more who were family and friends.  It helped remind me what is important in life.

I heard many great stories of what a wonderful husband, father and family man Bill was.  How he always stepped up and helped family and could be counted on time and time again.

A great career is one thing, but being surrounded by loved ones at the end is the ultimate tribute a person can have.

Go Coogs!

Cute Parabolic Mic OperatorGot to work a University of Houston Football game recently.  The best part was having my wife work the sidelines as a parabolic mic operator.  The Coogs played a great game, and we had a blast working the game.

Bill’s Blog is Updated!

Welcome to the new and improved “Bill’s Blog”.  I have been using WordPress for a while at work, and finally decided it was time to add it to my web site.  My goal is that this will give me the incentive to add more material than I have in the past.  You can still find some of my older stuff below the WordPress blog.

Happy reading!