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San Francisco and the SF Bay Area have developed what I call a "party economy" where to the layperson people have events with food and drink and music everywhere, but really are marketing gatherings to present a restaurant or a type of drink or even a car. These happenings are the lifeblood of San Francisco and are prevalent during the Opening Day Game of the San Francisco Giants' baseball season as my video will show.
The game pitting the Giants against the Milwaukee Brewers was one I did not see much of. I was too busy talking to old friends and meeting new people and I wasn't the only one. Even with the wet weather, which eventually cleared, spirits were high, smiles were many, and at some events people dressed as if it was 90 degrees outside.
I went to meet friends in what has become an annual ritual for us, even though I live in Oakland, like the Oakland A's and even made a game called "The Oakland Baseball Simworld." But my good friends live in San Francisco and are in the marketing and promotions business, and have relationships with me that are over 10 years in the case of two of them, Beth Schnitzer and Randy Gordon, who helped me form the bid to bring the 2005 Super Bowl to Oakland (we lost to Jacksonville at the Atlanta Fall NFL Owners meeting in 2000). From those two I've developed a long list of friends and contacts in the restaurant, political, media, and hospitality areas. All of them come out on baseball opening day.
The parties were many and most of the visits were unplanned; I had no idea where we were headed next until we were at an event. We left the game early in the eighth inning, as I was literally dragged to a gathering thrown by Epic Roasthouse on the waterfront, the new eatery created by San Francisco restauranteur Pat Kuleto and Pete Sittnick, who's Epic's managing partner.
The party was part vodka promotion and part networking fest, but for me since about 70 percent of the party attendees were with our group, it was a kind of family day by the Bay. Then we went across the Embarcadero to Gordon Bierch and were treated to a great spread of food and drink by the marketing manager and staff of the legendary bistro.
Good friends who are also business contacts are a kind of way of life in the Bay Area, and especially in San Francisco, where its developed into an art form. These are my best friends, but also have helped me in various ways in building my business. Why San Francisco has evolved in that way is the stuff for another blog, but for now it's a way of life.
The event was for Blue Angel Vodka, and because of the name I expected to see the planes fly overhead. But what I got was a great time presented by Sittnick, who told me that people were "tired of talking about the Recession" and want to party. All the better for Epic Roasthouse and the people employed to staff the party, including three "dressed to sell vodka" women from Davis, California who told me what "Cow Tipping" was (where they actually turn over a poor cow) as I had no idea at all. Seriously. (In fairness, they said it was something they did when they were young and never again.)
And people were indeed out spending money. But not as much as even last year just by an observation. You could see it in the stands, where the third deck at AT&T Park was about half full. You could see it around the grounds where not as many were walking, but then it was the rain as much as the economy. That written, it was still crowded.
What I took from today's event was that the Giants have some offensive firepower from what little I saw of the game, but equally important, people are still out trying to drum up business and consummate agreements and partnerships to bring in money. Americans are losing their jobs at big firms and in government departments, but it's a great time to be an entrepreneur, especially in San Francisco on Giants Opening Day.
Zennie62.com version More at Zennie62.com
Wednesday, April 08, 2009
Tuesday, April 07, 2009
The Fix is In?
The Fix Is In? A BASN/FRO EXCLUSIVE
By Michael – Louis Ingram
BASN/FRO
Bernie Parrish, it seems, has been playing defense all his life. From his playing days with the Cleveland Browns, he saw the future in understanding the need to look out for himself and his fellow players down the road.
Parrish would be instrumental in helping to set up the first Players’ Union back in the 1960s – the same one that would morph into the NFLPA and Players, Inc. today. “I got interested in it after I was voted player rep for the Browns in 1960,” said Parrish,” so I’ve been at this a while.
“We sat down and tore a retirement plan out of the hides of men like George Halas, Paul Brown and George Preston Marshall – a buncha tough old buzzards; developed and gifted a pension plan that became what the modern players have now; and baseball followed suit with our premise soon after.
“Fortunately, for the baseball players, Marvin Miller kept the baseball union straight and made it his business to look out for all his people, and Major League Baseball’s pensioners today receive four to five times more money from their sport than football, in spite of the fact we’ve made more money over the same time frame – while Gene Upshaw & (former NFL commissioner Paul) Tagliabue diverted from that path with retired players (from 1982 and back) into other plans for the players that excluded us.
The death of former NFLPA head Upshaw led to speculation a new leader would be sympathetic to a faction of retired players - Parrish among them – and resolve several long – standing issues; as well as a couple which emanated from the recent award of $28.1 million dollars won in a class – action suit spearheaded by Parrish and Hall of Fame defensive back Herb Adderley, now stuck in appeal.
During Super Bowl week the speculation of a new leader narrowed down to two principal candidates – former players Trace Armstrong and Troy Vincent; but the ascension of lawyer/lobbyist DeMaurice Smith to president of NFLPA was a complete surprise to just about everyone – except Parrish.
Parrish revealed on the BASN / blogtalkradio shows, “the Football Reporters Online” and “The Batchelor Pad” hosted by our colleague, L.A. Batchelor that the process in electing Smith, in his opinion, wasn’t on the up – and – up.
“I was in Tampa during Super Bowl week at the Marriott Waterside,” recalls Parrish, “which was across the street from where most of the Super Bowl stuff was happening, and was having a coffee at a Starbucks which was adjacent to the lobby and the Café Waterside when here comes the inner circle of the NFLPA - Richard Bertelsen, Jeffrey Kessler, Clark Gaines, Jack Quinn, etc. They walked right past me, and didn’t recognize me. There were a bunch of fans around, so it was a little loud.
“Kessler, who was eye to eye with me for 7 hours during the deposition in the class action suit, is looking right at me. I was ready to say, ‘So, Jeff – did you bring the check?’ But he didn’t recognize me, and I’m thinking, ‘this guy has got to be one arrogant ass…’
“They all looked dead at me, walked by and then walked into the Café Waterside, which was closed, but the maitre’d let them in and closed the door; he (maitre’d) soon left, and I walked in and sat down at a table right next to them about 4-5 feet away. I’m looking out the window at the Coast Guard gunboats - and I listened for 90 minutes to them talking about several things – including rigging the election and getting Smith enough votes to get him in as Executive Director.
“They also brought in Cornwell as a supposed challenger. At first I thought they were talking about (former Buffalo Bill) Cornelius Bennett, but it was Cornwell, who was on the list of nominees as of January 29.
“So here I’m thinking the judge leaves Berthelsen (de facto Executive Director) and Kessler (lead counsel vs. Retired players) in charge in spite of the fact they ruled their action shirked their fiduciary responsibility to the retired players, instead of appointing a conservator like they did with the Teamsters after we won the lawsuit.
“They had arranged through several phone calls what they called ‘breakout meetings’ with 10 guys and one meeting went 6-0 against them, so they reworked the process.
“They also talked about getting a hold of Mary Moran, daughter of Rep. Jim Moran, who works for NFLPA in Human Resources, saying they needed to get a hold of her right away and she had to make her dad make these calls right away.
“We know he (Moran) called Rep. Edolphus Towns (D-NY) and Rep. Kendrick Meeks (D-FL) because Troy Vincent had called these congressmen, to insure the election was honest; but Rep. Moran outed Vincent due to the fact there were indications if Vincent had been elected, he would’ve cleaned house and fired his daughter in the wake of that move.
But Rep. Moran outed Vincent not just to help Smith to win the election. Patton Boggs, who is the largest lobbying firm in Washington, D.C., would be seen in a favorable light by NFLPA. So there were more things involved than just trying to have Moran help his daughter keep her job – there’s a lot of politicking goin’ on,” Parrish said.
According to Parrish, Patton Boggs earned $330 million in monies in 2008, and allegedly gave Moran over $2 million, according to an online watchdog concern.
It is because of these discoveries that Parrish is concerned about the direction of the NFLPA with regard to hundreds of millions of dollars owed to the retired players who had their the pension plan “infiltrated” by concerns not in their best interests – as well as the logic of the newly elected Executive Director.
“Well it doesn’t appear that a positive change is gonna happen,” said Parrish, “with Smith saying he was keeping Berthelsen and Kessler; and was ‘happy with the current staff’ – I don’t know how he was able to assess that over 3 days;
“They say they pay homage to us – well, homage doesn’t pay much; we’re owed 100s of millions of dollars because of the collusion between Upshaw, Tagilabue, the owners and Aon Consulting, who controls our plan actuaries; and our salaries are held down by Aon, who was ordered to pay $190 million in restitution to clients in Illinois, New York, and Connecticut – for cheating their customers.”
Parrish went on to imply there is more to this, and he is sending a letter to the new Executive Director to get a first – hand response to what he discovered.
“Smith says his staff is just fine; the same ones who violated fiduciary responsibility in taking care of our concerns. You think AIG’s crooked? Wait ‘til all this comes out.”
BASN will continue to keep you posted on this issue.
michaelingram@blackathlete.com
mike@footballreportersonline.com
By Michael – Louis Ingram
BASN/FRO
Bernie Parrish, it seems, has been playing defense all his life. From his playing days with the Cleveland Browns, he saw the future in understanding the need to look out for himself and his fellow players down the road.
Parrish would be instrumental in helping to set up the first Players’ Union back in the 1960s – the same one that would morph into the NFLPA and Players, Inc. today. “I got interested in it after I was voted player rep for the Browns in 1960,” said Parrish,” so I’ve been at this a while.
“We sat down and tore a retirement plan out of the hides of men like George Halas, Paul Brown and George Preston Marshall – a buncha tough old buzzards; developed and gifted a pension plan that became what the modern players have now; and baseball followed suit with our premise soon after.
“Fortunately, for the baseball players, Marvin Miller kept the baseball union straight and made it his business to look out for all his people, and Major League Baseball’s pensioners today receive four to five times more money from their sport than football, in spite of the fact we’ve made more money over the same time frame – while Gene Upshaw & (former NFL commissioner Paul) Tagliabue diverted from that path with retired players (from 1982 and back) into other plans for the players that excluded us.
The death of former NFLPA head Upshaw led to speculation a new leader would be sympathetic to a faction of retired players - Parrish among them – and resolve several long – standing issues; as well as a couple which emanated from the recent award of $28.1 million dollars won in a class – action suit spearheaded by Parrish and Hall of Fame defensive back Herb Adderley, now stuck in appeal.
During Super Bowl week the speculation of a new leader narrowed down to two principal candidates – former players Trace Armstrong and Troy Vincent; but the ascension of lawyer/lobbyist DeMaurice Smith to president of NFLPA was a complete surprise to just about everyone – except Parrish.
Parrish revealed on the BASN / blogtalkradio shows, “the Football Reporters Online” and “The Batchelor Pad” hosted by our colleague, L.A. Batchelor that the process in electing Smith, in his opinion, wasn’t on the up – and – up.
“I was in Tampa during Super Bowl week at the Marriott Waterside,” recalls Parrish, “which was across the street from where most of the Super Bowl stuff was happening, and was having a coffee at a Starbucks which was adjacent to the lobby and the Café Waterside when here comes the inner circle of the NFLPA - Richard Bertelsen, Jeffrey Kessler, Clark Gaines, Jack Quinn, etc. They walked right past me, and didn’t recognize me. There were a bunch of fans around, so it was a little loud.
“Kessler, who was eye to eye with me for 7 hours during the deposition in the class action suit, is looking right at me. I was ready to say, ‘So, Jeff – did you bring the check?’ But he didn’t recognize me, and I’m thinking, ‘this guy has got to be one arrogant ass…’
“They all looked dead at me, walked by and then walked into the Café Waterside, which was closed, but the maitre’d let them in and closed the door; he (maitre’d) soon left, and I walked in and sat down at a table right next to them about 4-5 feet away. I’m looking out the window at the Coast Guard gunboats - and I listened for 90 minutes to them talking about several things – including rigging the election and getting Smith enough votes to get him in as Executive Director.
“They also brought in Cornwell as a supposed challenger. At first I thought they were talking about (former Buffalo Bill) Cornelius Bennett, but it was Cornwell, who was on the list of nominees as of January 29.
“So here I’m thinking the judge leaves Berthelsen (de facto Executive Director) and Kessler (lead counsel vs. Retired players) in charge in spite of the fact they ruled their action shirked their fiduciary responsibility to the retired players, instead of appointing a conservator like they did with the Teamsters after we won the lawsuit.
“They had arranged through several phone calls what they called ‘breakout meetings’ with 10 guys and one meeting went 6-0 against them, so they reworked the process.
“They also talked about getting a hold of Mary Moran, daughter of Rep. Jim Moran, who works for NFLPA in Human Resources, saying they needed to get a hold of her right away and she had to make her dad make these calls right away.
“We know he (Moran) called Rep. Edolphus Towns (D-NY) and Rep. Kendrick Meeks (D-FL) because Troy Vincent had called these congressmen, to insure the election was honest; but Rep. Moran outed Vincent due to the fact there were indications if Vincent had been elected, he would’ve cleaned house and fired his daughter in the wake of that move.
But Rep. Moran outed Vincent not just to help Smith to win the election. Patton Boggs, who is the largest lobbying firm in Washington, D.C., would be seen in a favorable light by NFLPA. So there were more things involved than just trying to have Moran help his daughter keep her job – there’s a lot of politicking goin’ on,” Parrish said.
According to Parrish, Patton Boggs earned $330 million in monies in 2008, and allegedly gave Moran over $2 million, according to an online watchdog concern.
It is because of these discoveries that Parrish is concerned about the direction of the NFLPA with regard to hundreds of millions of dollars owed to the retired players who had their the pension plan “infiltrated” by concerns not in their best interests – as well as the logic of the newly elected Executive Director.
“Well it doesn’t appear that a positive change is gonna happen,” said Parrish, “with Smith saying he was keeping Berthelsen and Kessler; and was ‘happy with the current staff’ – I don’t know how he was able to assess that over 3 days;
“They say they pay homage to us – well, homage doesn’t pay much; we’re owed 100s of millions of dollars because of the collusion between Upshaw, Tagilabue, the owners and Aon Consulting, who controls our plan actuaries; and our salaries are held down by Aon, who was ordered to pay $190 million in restitution to clients in Illinois, New York, and Connecticut – for cheating their customers.”
Parrish went on to imply there is more to this, and he is sending a letter to the new Executive Director to get a first – hand response to what he discovered.
“Smith says his staff is just fine; the same ones who violated fiduciary responsibility in taking care of our concerns. You think AIG’s crooked? Wait ‘til all this comes out.”
BASN will continue to keep you posted on this issue.
michaelingram@blackathlete.com
mike@footballreportersonline.com
Hot Stove Football #2
Hot Stove Football #2: Oh Plaxico oh Plaxico... and why did the NY Jets think they needed Jay Cutler?
By Dr. Bill Chachkes-Managing Partner-Football Reporters Online
The Ny Jets never seem to be happy with what they already have. If they feel that Kellen Clemens will never run the Jets Offense on a regular basis, try trading him for the extra draft pick.Then people will take you seriously when you say you need a QB. Until then, people only see the Jets as further behind the Giants in PSL sales.
I'm not so sure they were ever seriously considered a factor in the "Jay Cutler" Saga. The three way deal between the Broncos, Titans, and the Jets was talked about for all of 5 minutes and then dismissed at least on NY sports talk radio.
The Giants are doing their "voluntary" off season workout program, and 59 of the current roster players are in attendance. Osi Umenoria is confident that his knee is close to 100%. He was also sure that his teammate Plaxico Burress would return to the Giants after getting probation. Guess that one went out the door with the last gasp of winter. Burress was released after he won his case against the Giants to recover his withheld roster bonus of one million dollars(think Mike Meyers' Dr. Evil when you hear that).
General Manager Jerry Reese has not yet made a major attempt at signing a receiver in free agency, but will certainly address that in the draft. The Giants had college prospect Percy Harvin in for a workout last week. but there have to be other names on the radar. One such name should be Cal-Poly's Ramses Barden.before the superbowl no one even knew who he was except for a handful of scouts. Barden is the only receiver in this draft at 6'5" or above (6'5-1/2"-229lbs) and while he is still a bit raw, he has the potential to go a long way in the pros. We wouldn't be surprised if Mr. Barden heard his name called mid to late on day two of this years draft. The other is Rutgers' WR Kenny Britt. I'm not so totally sold on Mr. Britt . Although he is 6'4", he only weighs about 212 pounds, hardly someone who can out muscle larger defensive backs over the middle. He can jump, but would need to learn the mechanics of the "Jump Ball" game in the endzone.
Up In Buffalo, Terrell Owens has already missed a "voluntary" off season work out with his new team of choice. So i ask you, is this the way to start off on the right foot with your new team and coaching staff? I woulkd think you'd want to do everything you can to show the people of upstate NY that you are happy to be there. Sure the workouts are "voluntary", but it is also "strongly suggested" that players attend.
Down I-95, the Eagles' QB Donovan McNabb isn't too happy that so many veteran players are leaving. One media vet tells us that it's been building up to this for years due to poor management on the part of the Eagles front office. You have to feel bad
for Donovan because he puts his heart and soul into trying to make the Eagles a winner. It's shameful that the front office won't give them the tools to do so.
Some of the area college programs have already released their schedules for 2009. The Liberty Cup match-up between Fordham University (Patriot) and Columbia University (Ivy) is sure to be hotly contested as always. Columbia's Head Coach Norries Wilson is one of the hardest working coaches to grace New York City's college football scene in some time. He also gives a great post game press conference no matter what the outcome of the game, and always has a high quality of Insight into all phases of the game. As a college player, coach Wilson played in two bowl games at the University of Minnesota as an offensive lineman. Fordham's head man Tom Massella has been around winning football for years, and while the Rams had a tough 2008, they were the 2007 patriot league champs. Both teams also work hard on the recruitment front each year. Circle your calendars for September 19th at 6pm at Fordham's Jack Coffey field.
The NFLPA elected a new executive director 2 weeks ago named DeMaurice Smith. Mr. Smith is a talented litigator, but has no other football related experience other then being a rabid Redskins fan. So maybe there is some truth to the story that the election may have been "jerrymanded" by player association lawyers Kessler and Berthlesen. At least one retired player who is part of the suit against the NFLPA to recognize the lack of health care benefits to retired players believes it is true, and has gone on record to anyone who will listen. There is even another story that the 28.1 million dollar settlement will be reduced by 50% to the players.
As comedy man Yakov Smirnoff says "what a country this America is"
You can also find us at:
www.footballreportersonline.com
www.gridirondraftguide.com
examiner.com/new york football examiner
yardbarker.com/DrFootball
By Dr. Bill Chachkes-Managing Partner-Football Reporters Online
The Ny Jets never seem to be happy with what they already have. If they feel that Kellen Clemens will never run the Jets Offense on a regular basis, try trading him for the extra draft pick.Then people will take you seriously when you say you need a QB. Until then, people only see the Jets as further behind the Giants in PSL sales.
I'm not so sure they were ever seriously considered a factor in the "Jay Cutler" Saga. The three way deal between the Broncos, Titans, and the Jets was talked about for all of 5 minutes and then dismissed at least on NY sports talk radio.
The Giants are doing their "voluntary" off season workout program, and 59 of the current roster players are in attendance. Osi Umenoria is confident that his knee is close to 100%. He was also sure that his teammate Plaxico Burress would return to the Giants after getting probation. Guess that one went out the door with the last gasp of winter. Burress was released after he won his case against the Giants to recover his withheld roster bonus of one million dollars(think Mike Meyers' Dr. Evil when you hear that).
General Manager Jerry Reese has not yet made a major attempt at signing a receiver in free agency, but will certainly address that in the draft. The Giants had college prospect Percy Harvin in for a workout last week. but there have to be other names on the radar. One such name should be Cal-Poly's Ramses Barden.before the superbowl no one even knew who he was except for a handful of scouts. Barden is the only receiver in this draft at 6'5" or above (6'5-1/2"-229lbs) and while he is still a bit raw, he has the potential to go a long way in the pros. We wouldn't be surprised if Mr. Barden heard his name called mid to late on day two of this years draft. The other is Rutgers' WR Kenny Britt. I'm not so totally sold on Mr. Britt . Although he is 6'4", he only weighs about 212 pounds, hardly someone who can out muscle larger defensive backs over the middle. He can jump, but would need to learn the mechanics of the "Jump Ball" game in the endzone.
Up In Buffalo, Terrell Owens has already missed a "voluntary" off season work out with his new team of choice. So i ask you, is this the way to start off on the right foot with your new team and coaching staff? I woulkd think you'd want to do everything you can to show the people of upstate NY that you are happy to be there. Sure the workouts are "voluntary", but it is also "strongly suggested" that players attend.
Down I-95, the Eagles' QB Donovan McNabb isn't too happy that so many veteran players are leaving. One media vet tells us that it's been building up to this for years due to poor management on the part of the Eagles front office. You have to feel bad
for Donovan because he puts his heart and soul into trying to make the Eagles a winner. It's shameful that the front office won't give them the tools to do so.
Some of the area college programs have already released their schedules for 2009. The Liberty Cup match-up between Fordham University (Patriot) and Columbia University (Ivy) is sure to be hotly contested as always. Columbia's Head Coach Norries Wilson is one of the hardest working coaches to grace New York City's college football scene in some time. He also gives a great post game press conference no matter what the outcome of the game, and always has a high quality of Insight into all phases of the game. As a college player, coach Wilson played in two bowl games at the University of Minnesota as an offensive lineman. Fordham's head man Tom Massella has been around winning football for years, and while the Rams had a tough 2008, they were the 2007 patriot league champs. Both teams also work hard on the recruitment front each year. Circle your calendars for September 19th at 6pm at Fordham's Jack Coffey field.
The NFLPA elected a new executive director 2 weeks ago named DeMaurice Smith. Mr. Smith is a talented litigator, but has no other football related experience other then being a rabid Redskins fan. So maybe there is some truth to the story that the election may have been "jerrymanded" by player association lawyers Kessler and Berthlesen. At least one retired player who is part of the suit against the NFLPA to recognize the lack of health care benefits to retired players believes it is true, and has gone on record to anyone who will listen. There is even another story that the 28.1 million dollar settlement will be reduced by 50% to the players.
As comedy man Yakov Smirnoff says "what a country this America is"
You can also find us at:
www.footballreportersonline.com
www.gridirondraftguide.com
examiner.com/new york football examiner
yardbarker.com/DrFootball
Obama: The U.S. Is Not At War With Islam
From Digg.com"Reporting from Istanbul, Turkey, and Ankara, Turkey -- When President Obama declared Monday that the United States "is not, and will never be, at war with Islam," he was addressing Turkey's parliament. But his audience was the wider Muslim world.
The president's ringing affirmation of partnership with Turkey, which he described as a vital bridge between East and West, was interwoven with a highly personal appeal for a change in the tone of discourse between the United States and the world's Muslims."
The president's ringing affirmation of partnership with Turkey, which he described as a vital bridge between East and West, was interwoven with a highly personal appeal for a change in the tone of discourse between the United States and the world's Muslims."
Early Star Trek Review: Best Movie Since Wrath Of Khan!
he new Star Trek movie is amazing- easily the best Trek movie since The Wrath of Khan, and a veritable feast of sight and sound: A captivating adventure that grabs you from the first and doesn't let go. The effects are amazing, finally what the stories have deserved so richly. There are enough huge fireballs, shattering explosions &exciting fights
read more | digg story
read more | digg story
Paul Krugman is WRONG about The Obama TARP Plan - Once Again
On March 24th, I wrote a short post on Economist and NY Times Columnist Paul Krugman and created this video below.
Today, in the wake of Newsweeks' rather unfortunate April Fools Day article on the Princeton Professor (which presented him as a kind of edgy intellectual but lacked real substance in the discussion of why Krugman is wrong about Obama), I decided to offer this expanded blog post. The problem is that Krugman is really angry that the Obama administration is and has ignored him and this emotion has driven a sloppy intellectual approach, paced by the fact that he's not presented a plan for our troubled banks, all the while taking an aim at the President's plan that has the effectiveness of a drunken sailor at an arcade shooting gallery.
Who is Paul Krugman?
Professor Krugman is a decorated International Economist, who recently - in 2008 - won the Nobel Prize in Economics for his solid theory on two-country trade. Here Krugman attacked the standard idea of two-country trade by explaining with some heft that a country like the United States that makes a Cadillac sports sedan will see that car purchased to some degree in Germany, which just happens to produce the competitor BMW 5-series. In other words, rich countries trade like goods more often than poor country to rich country or vie versa. This idea was path-breaking in that the economies of scale were not included in traditional models of trade, so pretty much any country could trade with another one in this immmaginary World. Krugman's theory explained the real World.
Now, why do I have an interest in this? Because my background is in urban economics and I focused on it at both Texas-Arlingron and Cal-Berkeley, but fell in love with a kind of way of modeling relationships called System Dynamics which causes one to see the World as a set of feedback and control connections. And that's where I break with Krugman. As a traditional economist, he does not see beyond a set "straw-person example" and into the more complex World around him -- the political aspect of economics (the political economy as its called) is lost on him, which is why the Obama Administration does not embrace him.
The Obama plan for bank troubled assets, using Troubled Asset Relief Program money to finance non-recourse loans to encourage investors to buy the "junk" is one example (called the "Public-Private Investment Program for Legacy Assets"). Krugman attacks this plan around the idea that we're giving taxpayer money away to create this market, then sets the idea that it will not work without emprically showing why it will not do so in detail or offering an alternative plan.
What Krugman missed is a read of the political landscape such that Obama's TARP plan is not only one the market asked for, and for months, but was needed to take the bad debts off the banks books. And that's what Krugman misses. He rants on about the plan's possible failure from within its own system, but says nothing -- zip -- about getting the assets off the banks books, which is the real success. Then Paul makes a real intellectual error by writing that the Obama administration sees the bank financial system as sound, which it does not, otherwise this plan would not exist.
He then writes as if the plan uses all of the TARP money, rather than the truth, which is that it uses a small portion of it, thus leaving enough left over for other plans.
As I have stated again and again, the plan lacks a payment to American taxpayers under $100,000 of $3,500 each -- or about $380 Billion -- to essentially help banks and to a degree stimulate spending. Why? The vast majority of Americans don't have massive debt problems asmany don't carry credit card debt and for those who do the average level of credit card debt is about $10,000, so this plan helps reduce that by one-third. But people aren't going to leave the money under a matress, they will put it in banks, thus helping both Wall Street and Main Street. Remember the unemployment program, designed for those who were laid off from large companies in the past, does not help the apprentice plumber who has a decade-long resume of customers that suddenly dried up.
See, my idea is a supplement that I introduced a while back in a talk with CNN's Ali Velshi, who agreed it could help. But it fits within the economic and political reality of what we need to do to fix America's economy in a way that Krugman's plan does not do.
Oh. I forgot. He doesn't have a plan.
In closing, I do not embrace crits of this post that are based on the "You're not an economist" view or juvenile name-calling, which is common online but not allowed here in my space, but I do like a good debate on rigor and detail. Bring it.
Follow me on Twitter!
Click here for SF Chronicle version.
Today, in the wake of Newsweeks' rather unfortunate April Fools Day article on the Princeton Professor (which presented him as a kind of edgy intellectual but lacked real substance in the discussion of why Krugman is wrong about Obama), I decided to offer this expanded blog post. The problem is that Krugman is really angry that the Obama administration is and has ignored him and this emotion has driven a sloppy intellectual approach, paced by the fact that he's not presented a plan for our troubled banks, all the while taking an aim at the President's plan that has the effectiveness of a drunken sailor at an arcade shooting gallery.
Who is Paul Krugman?
Professor Krugman is a decorated International Economist, who recently - in 2008 - won the Nobel Prize in Economics for his solid theory on two-country trade. Here Krugman attacked the standard idea of two-country trade by explaining with some heft that a country like the United States that makes a Cadillac sports sedan will see that car purchased to some degree in Germany, which just happens to produce the competitor BMW 5-series. In other words, rich countries trade like goods more often than poor country to rich country or vie versa. This idea was path-breaking in that the economies of scale were not included in traditional models of trade, so pretty much any country could trade with another one in this immmaginary World. Krugman's theory explained the real World.
Now, why do I have an interest in this? Because my background is in urban economics and I focused on it at both Texas-Arlingron and Cal-Berkeley, but fell in love with a kind of way of modeling relationships called System Dynamics which causes one to see the World as a set of feedback and control connections. And that's where I break with Krugman. As a traditional economist, he does not see beyond a set "straw-person example" and into the more complex World around him -- the political aspect of economics (the political economy as its called) is lost on him, which is why the Obama Administration does not embrace him.
The Obama plan for bank troubled assets, using Troubled Asset Relief Program money to finance non-recourse loans to encourage investors to buy the "junk" is one example (called the "Public-Private Investment Program for Legacy Assets"). Krugman attacks this plan around the idea that we're giving taxpayer money away to create this market, then sets the idea that it will not work without emprically showing why it will not do so in detail or offering an alternative plan.
What Krugman missed is a read of the political landscape such that Obama's TARP plan is not only one the market asked for, and for months, but was needed to take the bad debts off the banks books. And that's what Krugman misses. He rants on about the plan's possible failure from within its own system, but says nothing -- zip -- about getting the assets off the banks books, which is the real success. Then Paul makes a real intellectual error by writing that the Obama administration sees the bank financial system as sound, which it does not, otherwise this plan would not exist.
He then writes as if the plan uses all of the TARP money, rather than the truth, which is that it uses a small portion of it, thus leaving enough left over for other plans.
As I have stated again and again, the plan lacks a payment to American taxpayers under $100,000 of $3,500 each -- or about $380 Billion -- to essentially help banks and to a degree stimulate spending. Why? The vast majority of Americans don't have massive debt problems asmany don't carry credit card debt and for those who do the average level of credit card debt is about $10,000, so this plan helps reduce that by one-third. But people aren't going to leave the money under a matress, they will put it in banks, thus helping both Wall Street and Main Street. Remember the unemployment program, designed for those who were laid off from large companies in the past, does not help the apprentice plumber who has a decade-long resume of customers that suddenly dried up.
See, my idea is a supplement that I introduced a while back in a talk with CNN's Ali Velshi, who agreed it could help. But it fits within the economic and political reality of what we need to do to fix America's economy in a way that Krugman's plan does not do.
Oh. I forgot. He doesn't have a plan.
In closing, I do not embrace crits of this post that are based on the "You're not an economist" view or juvenile name-calling, which is common online but not allowed here in my space, but I do like a good debate on rigor and detail. Bring it.
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Bottoms up? Not so fast...
From the article: "When IBM can be as proud of how they treat their workers every day as General Motors was during its glory years, when I see people going back to work at jobs with good salaries and benefits, then I'll be ready to believe the U.S. economy is back on its feet." Reality check as DOW creeps above 8000. I don't know who the pundits think is better off - it's not me, is it you?
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Monday, April 06, 2009
The Secrets Of Oakland, California - A Video For CNN's iReport
I created this video at the specific request of Tyson Chandler at CNN's iReport. The idea is to give viewers a look at the secret places in your town, so I made this one for Oakland:
Alex Shoumatoff's Vanity Fair Article On The Bohemian Club
MySpace, Metacafe, Blip.tv, Crackle, Sclipo, Viddler and Howcast
Bringing an end to a story that made my blogs famous, infamous Vanity Fair (VF) Contributing Editor Alex Shoumatoff finally published his work on the Bohemian Club’s timber management plan and how he got snared by police for tresspassing at its private retreat near the town of Monte Rio, Calif.
If you remember, Alex Shoumatoff set out last year to help his Harvard roommate Jock Hooper do a smear job on the Bohemian Club, which is a kind of resort home for many San Francisco luminaries, and not all of them male. Hooper was someone described as a "disgruntled former member" of the exclusive gentlemen’s club that has is favored by the business elite, former presidents, international leaders, and men who enjoy music, wine and song, and ok, I know at least two women who've recently been there (with their boyfriends). The club's lightened up a lot over the years.
Anyway, Hooper quit the club when it wouldn’t approve his forest management plan (read: major ego) and then became the leading critic of the club’s plans to preserve and protect old growth redwood trees on its property. He then got Alex and Vanity Fair to do some dirty work for him, or try to.
Now I write this with the full expectation of being invited to the 2010 Vanity Fair Oscar Party, rather than having to sneak into it. Hear me talking Graydon!
This story started last year when Shoumatoff managed to sneak in to the Bohemian Grove during the annual event the club holds in July. But his wandering, covered in detail in his story, only lasted 40 minutes before he was arrested by security guards and a part-time service employee at the famed Grove who quickly spotted that the kind of sloppy, preppy Topsider-wearing editor was not one of their own.
In VF, Alex writes that he was trying to fit in with that style of dress, but folks I talked to say he wasn’t hard to miss: he was dressed like a caddy wearing a Pebble Beach pullover and apparently asked off-beat questions that proved to be his downfall. Most of which he mentions in his article.
He was quickly captured cowering behind a bush, but his large body gave him away. He was then arrested by the Sonoma County Sherriff’s Department, spent the night in county jail, and forced to pay a fine for trespassing. His arrest was captured in the San Francisco Chronicle, The New York Post, Gawker, Huffington Post, and, of course, here at zennie62.com and the San Francisco Sentinel .
Shoumatoff’s piece in Vanity Fair this month may be the first case of a hatchet job that turned into a hachet boomerang: Club members say Shoumatoff’s piece is so dramatized and so full of factual errors (that I will detail in a follow-up post), that it proves to be an embarrassment for him and well as Vanity Fair editor-in-chief Graydon Carter. And they refered to being attacked by "right wing bloggers"!
I'm neither right of center, nor posessing wings like a bird, but I am a blogger. As an Oakland guy who hangs out in San Francisco a lot, has worked for and helped many local politicians both Democrat and Republican (but I'm a Dem), and gotten to personally know a number of "Grovers" as Alex calls them, I can tell you they're more than a little tired of people putting them into this "conservative White male" box, especially since this "liberal Black male" has been invited to visit and by members who are not all White, and aren't at all conservative.
I'm happy to come to their defense to be frank.
I'm glad Alex got caught because he could have just used the contacts he was developing to visit the club in a legitimate fashion. Instead, he bozoed his way in and looked like a clown in doing so.
And the club's forest plan? According to several sources, it's going through the review process well. But what I find so interesting even over the important consideration of the trees, is how one blue-blood institution, Vanity Fair, can muster the gall to call another blue-blood institution The Bohemian Club "elitist" when VF's not even invited me to its Oscar Party, and Graydon Carter will not take my calls.
This'll teach 'em!
Alex Shoumatoff's Vanity Fair Article On The Bohemian Club Reveals His Unfortunate Reporting Approach
MySpace, Metacafe, Blip.tv, Crackle, Sclipo, Viddler and Howcast
Bringing an end to a story that made my blogs famous, infamous Vanity Fair (VF) Contributing Editor Alex Shoumatoff finally published his work on the Bohemian Club’s timber management plan and how he got snared by police for tresspassing at its private retreat near the town of Monte Rio, Calif.
If you remember, Alex Shoumatoff set out last year to help his Harvard roommate Jock Hooper do a smear job on the Bohemian Club, which is a kind of resort home for many San Francisco luminaries, and not all of them male. Hooper was someone described as a "disgruntled former member" of the exclusive gentlemen’s club that has is favored by the business elite, former presidents, international leaders, and men who enjoy music, wine and song, and ok, I know at least two women who've recently been there (with their boyfriends). The club's lightened up a lot over the years.
Anyway, Hooper quit the club when it wouldn’t approve his forest management plan (read: major ego) and then became the leading critic of the club’s plans to preserve and protect old growth redwood trees on its property. He then got Alex and Vanity Fair to do some dirty work for him, or try to.
Now I write this with the full expectation of being invited to the 2010 Vanity Fair Oscar Party, rather than having to sneak into it. Hear me talking Graydon!
This story started last year when Shoumatoff managed to sneak in to the Bohemian Grove during the annual event the club holds in July. But his wandering, covered in detail in his story, only lasted 40 minutes before he was arrested by security guards and a part-time service employee at the famed Grove who quickly spotted that the kind of sloppy, preppy Topsider-wearing editor was not one of their own.
In VF, Alex writes that he was trying to fit in with that style of dress, but folks I talked to say he wasn’t hard to miss: he was dressed like a caddy wearing a Pebble Beach pullover and apparently asked off-beat questions that proved to be his downfall. Most of which he mentions in his article.
He was quickly captured cowering behind a bush, but his large body gave him away. He was then arrested by the Sonoma County Sherriff’s Department, spent the night in county jail, and forced to pay a fine for trespassing. His arrest was captured in the San Francisco Chronicle, The New York Post, Gawker, Huffington Post, and, of course, here at zennie62.com and the San Francisco Sentinel .
Shoumatoff’s piece in Vanity Fair this month may be the first case of a hatchet job that turned into a hachet boomerang: Club members say Shoumatoff’s piece is so dramatized and so full of factual errors (that I will detail in a follow-up post), that it proves to be an embarrassment for him and well as Vanity Fair editor-in-chief Graydon Carter. And they refered to being attacked by "right wing bloggers"!
I'm neither right of center, nor posessing wings like a bird, but I am a blogger. As an Oakland guy who hangs out in San Francisco a lot, has worked for and helped many local politicians both Democrat and Republican (but I'm a Dem), and gotten to personally know a number of "Grovers" as Alex calls them, I can tell you they're more than a little tired of people putting them into this "conservative White male" box, especially since this "liberal Black male" has been invited to visit and by members who are not all White, and aren't at all conservative.
I'm happy to come to their defense to be frank.
I'm glad Alex got caught because he could have just used the contacts he was developing to visit the club in a legitimate fashion. Instead, he bozoed his way in and looked like a clown in doing so.
And the club's forest plan? According to several sources, it's going through the review process well. But what I find so interesting even over the important consideration of the trees, is how one blue-blood institution, Vanity Fair, can muster the gall to call another blue-blood institution The Bohemian Club "elitist" when VF's not even invited me to its Oscar Party, and Graydon Carter will not take my calls.
This'll teach 'em!
Sunday, April 05, 2009
Fox News' Roger Friedman's Leaked "Wolverine" Review Gets Him In Trouble With Fox News, News Corp
More at HuffPost: “FoxNews.com entertainment columnist Roger Friedman has drawn the ire of News Corp bosses after writing a review of a leaked version of the upcoming 20th Century Fox blockbuster "X-Men Origins: Wolverine" — and he'll have to answer to Fox News executives in a meeting Monday morning.
Friedman's FoxNews.com column Thursday — since deleted — was a review of "Wolverine" that studio bosses viewed as an implicit endorsement of movie piracy, according to Deadline Hollywood Daily's Nikki Finke.”
Friedman's FoxNews.com column Thursday — since deleted — was a review of "Wolverine" that studio bosses viewed as an implicit endorsement of movie piracy, according to Deadline Hollywood Daily's Nikki Finke.”
Who gets hired for Obama's green jobs?
Do you need to be able to build solar cells, or have an advanced chem background to work on cellulosic ethanol? Of course not - the first round will be traditional trades - electricians, steel and iron workers, the people who wear hard hats not three piece suits, the people who have the kind of jobs IBM can't move overseas. It's win~win!
read more | digg story
read more | digg story
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