Saturday, January 31, 2009
Guantanamo Bay Closed... Now What?
Friday, January 30, 2009
New Nuclear Power Plants- Just Say No
The last nuclear power plant built in the United States was completed in 1977, over 30 years ago. In light of some of our recent energy challenges, there have been renewed calls for the permitting and construction of new nuclear reactors.
Thursday, January 29, 2009
The Truth About 'Clean Coal' and 'Carbon Sequestration'
One of the line items of the The American Recovery and Reinvestment Act of 2009 was $2.4 billion for carbon-capture demonstration projects, also known as 'Carbon Sequestration'. To paraphrase the late great George Carlin, the more syllables, the less bad it sounds. So let me put it another way- Carbon Sequestration is nothing more than the 21st-century version of a dump, except instead of dumping trash under a mound of dirt, we're dumping tons of CO2, delaying the inevitable as a problem for future generations to deal with.
'Carbon Sequestration' sounds so neat and clean and technical; in reality, all it is is pumping all of the bad CO2 into a spent oil well and capping it. So it never really went anywhere, its just being stored... until the day something ruptures, that is. So how is this really solving the problem? The ugly truth your government doesn't want you to know- its not.
And why do they need to spend $2.4 billion on what is basically a proof-of-concept, when our neighbors to the north are already using this technology, at EnCana's Weyburn and Midale fields? Oh, yeah, I forgot- somebody somewhere made a generous campaign donation in exchange for the no doubt lucrative contract (as a side note, EnCana is actually lobbying the Canadian government for credits for carbon dioxide they import from the U.S. and store at their sites!)...
So what, you ask, does this have to do with 'clean coal', one of the cornerstones of Obama's new energy policy ( http://my.barackobama.com/page/content/newenergy )? Nothing, really, save for the fact that they are both vaporware- they don't exist except on paper somewhere.
Now you can argue semantics with me, but basically, 'clean coal' is no different from the coal we burn today. The difference is all in how the emissions are treated. Sure, the industry may talk about different ways to prep the coal before its burned to reduce sulfur and particulates, but the end result is that the same coal is being used, and at the end of the process, it is burned releasing carbon dioxide. The 'clean' part comes in when they sequester the carbon dioxide, preventing it from entering (or stalling its release into) the environment until peak CO2 emissions subside hundreds of years from now.
Sure. Let's create the mess, then leave it for our children's children's children's children's children's children's children's children's children to worry about how to clean up the mess we chose to literally sweep under the rug. Sounds like excellent future planning to me.
This is not sound policy, and this is not something that should be even considered as a stepping stone to energy independence. Nuclear isn't the answer either, but I'll save that for another day.
Obama, on his website, talks about Clean Coal, among other things, creating "Millions of New Green Collar Jobs"... how many jobs, really, does every new coal-fired power plant create? The answer- in 1997, the average 300 MW coal-fired power plant had 53 employees. Just how many new power plants are you planning to build there, chief?
Why is renewable energy getting 'only' $8 billion? What, did they not contribute enough in the 2008 election?
When I relocated to Arizona, I decided to drive. Crossing from New Mexico into Arizona, I was in the middle of nowhere- no exits, no gas stations, no hotels, nothing. Then I saw a sign selling land for $200.00 an acre. I didn't think much of it at the time, because it was literally in the middle of nowhere, but lately, I've been thinking more and more about that...
How many photovoltaic panels can you squeeze into an acre of land, in the middle of nowhere, far away from anyone who would scream and yell "Not in my back yard!"?
And even with the current efficiency of around 20%, since Arizona averages 330 days of sun per year, how much power would that one acre of land generate?
And how many jobs would that create, from the highly skilled labor actually building the panels to the construction workers installing them to the utilities running the lines to hook the site up to the grid?
Wind Turbines are a subject for another thread, but there again, true renewable energy, and the things are so massive, its cost prohibitive to build them overseas and ship them here, so there are more skilled jobs that would have to go to Americans- not only the fabrication, but also the installation and the maintenance.
These are the things we should be investing in. With unemployment at a 50-year high, there are literally millions of Americans that need a job. They don't need welfare, they don't need unemployment, they don't need a handout- they need a job.
Its already a foregone conclusion that Obama is going to get his $825 billion package; if you are going to spend money we don't have, could you at least spend it wisely? Use the funding for true 'green' projects, not nostra like so-called clean coal and carbon capture/sequestration, and use the job training initiatives already in the bill to train people for these new careers.
Either that, or break out the fiddle and do your best impression of Nero, watching while this great country our Founding Fathers built burn and crumble to the ground.
There is no try. There is only do.
Wednesday, January 28, 2009
The American Recovery and Reinvestment Act of 2009- Not 'For The People' After All...
Tuesday, January 27, 2009
'American Idol' Is Back... I Can Hardly Contain My Excitement...
Another season of "American Idol" is upon us... My apologies to any of you fans out there, but I've never gotten into this show, nor have I tried. The premise has always seemed tenuous at best. It seems to me that all ‘Idol’ does is play into some peoples’ sense of entitlement for the entertainment of the general public, and entices them with a shortcut to fame and fortune, bypassing things like hard work and perseverance; skills that anyone else prior to ‘Idol’ had to have in spades.
A friend of mine was fond of saying, “Sex is a lot like becoming a rock star, is not something you can shortcut from "novice" to "expert", and if you try, well, the results are typically less than earth-shattering.”
It may be a stretch to say that 'American Idol' is a microcosm of all that is wrong with America... but not a big one. Its not a talent show- its a popularity contest. Its not a SINGING contest, its a VOTING contest. And more people vote weekly in 'American Idol' than vote in elections- how sad is that?
Great, you can sing- you can cover songs from all different genres. Congratulations- you are the best karaoke singer in the country. I hear there's a Holiday Inn in Nebraska looking for a lounge act. Now, some ‘winners’ like Kelly Clarkson and Carrie Underwood have broken out and had some success, but what have Ruben Studdard, Fantasia Barrino, Taylor Hicks, Jordin Sparks, or David Cook done since winning? Hell, Taylor Hicks was dropped from the contract he won- how sad is that?
Arguably the biggest success out of that show was Oscar winner Jennifer Hudson, who didn't even win! She came in 7th! Sure, American Idol, may have raised her profile, but it was hard work and determination that got her where she is today.
I’m not a fan of Kelly Clarkson- I’d put her average at best, owing a lot of her success to the fact that she was the first season’s winner- nobody knew what to expect n ‘Idol’s first season, so it was new and interesting; a novelty. Carrie Underwood is the only ‘Idol’ winner I’d consider an unqualified success, having won 29 awards since winning Season 4 in 2005. Even with a three-year advantage on Carrie, Kelly has only been able to bring home 18 awards.
I passively rooted for Sanjaya in 2007, but not because I thought he had any talent; rather, because Simon Cowell told ‘Extra’ that had Sanjaya won, he would not have returned as a judge to the show, even though he was contractually obligated to do so. If only he could’ve pulled off a victory, I may not be writing this today. Alas, he was voted off, so we’ll have ‘Idol’ to look forward to for the foreseeable future. Yay.
More so than the questionable contribution to music, though, the thing that really disturbs me about this show is that not only is this excuse for prime time ‘entertainment’ (and I use that word very loosely) still on, but that it often takes up as much as four hours out of prime time during the week. If this keeps up, they could have their very own 'American Idol' channel- "All Idol, All The Time"...
Seriously, the fact that they stretch it into multiple days of the week in lieu of actual programming is unacceptable. Its worse than when 'Who Wants To Be A Millionaire?' was on 2-3 nights a week... and at least ‘Millionaire’ was arguably educational.
Unfortunately, ‘Idol’ is a cash cow for Fox, so as much as I’d like it to disappear, I don't expect it to go anywhere anytime soon.
'American Idol' has held the top spot for the most expensive commercial time for the last couple of years- Fox has been getting well over $600,000.00 for every 30-second spot on the show- and that's not counting the lucrative in-show placements and endorsements (you really think that Coke cup just happens to be in damn near every shot of the judges’ table, and that the logo just happens to face the camera?).
And because of the success of 'Idol', and the general dumbing-down of America, a host of other shows in the same vein will undoubtedly continue to pop up like weeds- if you thought there was nothing past 'American Inventor', 'The Next American Band', 'America's Next Top Model', et al, just wait for the permutations that can't be far behind:
'America's Next Sports Hero'- Mark Cuban will sign the winner to one of his teams for a one-year contract.
'America's Next Soap Star'- win a one-year role on Daytime TV.
'American Poet' (for the PBS crowd)- in between the contestants will be pleas for donations. The winner will have their poetry published in a special book... "which you can get FREE with a 12/20 pledge- $20.00 a month for twelve months... won't you help public broadcasting?..."
'Anchorman'- For all of those struggling to get a leg up in journalism, the winner gets a one-year contract as an anchor in a major market (couldn't be any worse than some out there). Runners-up end up as field correspondents in hot spots like Dubuque, Iowa and Branson, Missouri.
Don’t think so? Just wait until the next writer’s strike.
Monday, January 26, 2009
"We Just Have A Difference Here, And I'm President"
"We Just Have A Difference Here, And I'm President"
-President Barack Obama to Rep. Eric Cantor (R- Virginia) Friday, January 23rd, three days after his inauguration, in his first meeting with the leaders of both parties in congress.
Well so much for 'bipartisanshp' and 'reaching across the aisle'.
Obama's Chief of Staff, Rahm Emanuel, said that Mr. Obama was being lighthearted and that lawmakers of both parties had laughed.
Oh, well, okay, then, I guess that makes it okay.
Sarcasm aside, as the maxim states, "In every joke there is a little bit of truth"; that Mr. Obama would even verbalize this notion, I think, speaks more about how he intends to work with the Legislative branch now that he is President than any of his campaign rhetoric of 'change'. I guess what he meant was that YOU are going to change; since I'm the President, its my way or the highway. Thanks for clarifying that at the outset of your administration.
At the same meeting, the President also stated, "You're correct, there's a philosophical difference, but I won, so we're going to prevail on that."
Oh, boy... "I won"...? If Mr. Obama wasn't trying to be arrogant, then it must just come naturally to him.
And what discussion predicated this exchange? Mr. Obama is unwilling to cede any ground in some of the points of his $825 billion Economic Stimulus Package that he is trying to push through Congress before they recess on February 13th. Specifically, the "Making Work Pay" tax credit, which the President wants to extend to workers who earn too little to pay income taxes.
So, wait, let me get this straight- you want to give tax credits to workers who don't even pay income tax in the first place? Seriously? This makes sense to you?
Three days down, 1,457 or so to go...
http://www.nytimes.com/2009/01/24/us/politics/24stimulus.html?_r=1&scp=1&sq=%22We%20just%20have%20a%20difference%20here,%20and%20I'm%20president%22&st=cse
Excuse me, but do you have change for a $35,000.00 bill...?
Sunday, January 25, 2009
iPhone App of the Week
Saturday, January 24, 2009
Why I Have Little Sympathy For Those 'Caught' In The U.S. Housing Crisis, Part 2
The piece is written to tug at your heartstrings, like we should feel sorry for someone who had the cash flow to go out and buy four houses (including his primary residence) and a four-plex. He is now complaining that he needs a bailout. Why? Because he's up to his eyeballs in debt. I'm not buying it.
Whatsa matter, Doc? Didn't anybody tell you that when someone extends you credit that they are going to want you to pay it back at some point? What, did you think you could simply keep refinancing to continue to take out the equity ad infinitum? If you continue to rob the coffers, the treasury will eventually dry up (unless you are the Federal Government, in which case, you can just start printing more, but that's another conversation).
So you can't pay your bills, and now you want the Federal Government to bail you out. Why? You wanted to make more money than you could with your day job, so you decided to invest in Real Estate, since you and pretty much everyone else in America has heard that real estate is a relatively low-risk investment. Sure, its not as volatile as the stock market, or going to Vegas and, as Wesley Snipes put it, "Always bet on black.", but 'low risk' does not mean 'no risk'. Someone as educated as you- a doctor with your own practice and years of experience- should know that. You took a risk, in this case the risk did not pay off, not in the short term. If you had invested in the stock market, then you might be facing a margin call. I'll be blunt- just like the Hamadanians and Rudy Diaz, who I wrote about last year, you should have known better. Did you consult with a financial planner, a money manager, or even an accountant before you set this plan into motion? I'm guessing the answer is no.
We as a country, by and large, no longer 'save for a rainy day'. Some would argue that it costs more to live in this day and age, and that a dollar just does not go as far as it once did. To the former, I say that there are people who do it. I myself do not save as much as I like to, but that is due to choices I made, so I have no one to blame but myself, and I do not try to plead my case to the Government, ABC, CNBC, or anyone else looking for something for nothing. To the latter, I would agree with that to an extent- one of the reasons behind that, though, is the same thing I alluded to above. Inflation is caused when the Federal Government keeps printing more and more money, effectively devaluing our currency. But again, that's a conversation for another time.
Mr. Mintz is hoping- pleading- to have all of his mortgages modified, to lower his principal to reflect the current value. Should this happen? Absolutely not. If the converse had happened, had the values gone up, would he be willing to let the mortgage modify to reflect the higher value? Of course not, so stop looking for a handout, for money for nothing. There is no such thing as a free lunch, there is no such thing as money for nothing. The fact that even the Mintzes, Hamadanians, and Rudy Diazes of this world are looking for a handout speaks volumes about the sense of entitlement that is ruining this country... but that, once again, is a topic for another time.
I've been purchasing stock for the past few years, and as it stands right now, the value of my portfolio is down just shy of 90%. I know I'm not alone; and while some may not have lost as much, some have lost even more. If Mr. Mintz deserves to have his mortgages modified to reflect the value of his investments today, then don't we deserve to have the same? Sure, when I bought this stock, is was a $30.00 stock, but now its only a $4.00 stock, so can I have my $26.00 back, and start from $4.00? No? Well, then you've answered your own question, sir.
Sell one or more of your investments and take the loss as a writeoff. Or get renters who will pay their rent. But don't come looking for a handout from the Federal Government- we're not a communist nation- well, not yet, at least.
Besides, the re-default rate after six months for people who have had their mortgages modified is 56%, so I think we may want to figure out a new approach to fixing this mess- a mess that the Mintzes, Hamadanians, Diazes, and their ilk- the amateur real estate speculators out there looking to make a quick buck- no doubt had a hand in getting us into in the first place.