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The things in my head go 'round and 'round

This is my life. You can't have it.

Archive for October 19th, 2008


Adios Andrew Lahde

Another article that I came across concerning hemp, and marijuana. There is a difference, you know.

Andrew Lahde bows out in style

Say what you will about Andrew Lahde, but the man knows how to write a letter.

Last month, the famed-for-betting-against-subprime hedge fund manager shuttered his operations, citing unacceptable levels of counterparty risk.

His goodbye missive is impressive not just for its length, but for its clearly-articulated (and somewhat apocalyptic) closing arguments.

Verbatim:

“Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say goodbye.

Recently, on the front page of Section C of the Wall Street Journal, a hedge fund manager who was also closing up shop (a $300 million fund), was quoted as saying, “What I have learned about the hedge fund business is that I hate it.” I could not agree more with that statement. I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America.

There are far too many people for me to sincerely thank for my success. However, I do not want to sound like a Hollywood actor accepting an award. The money was reward enough. Furthermore, the endless list those deserving thanks know who they are.

I will no longer manage money for other people or institutions. I have enough of my own wealth to manage. Some people, who think they have arrived at a reasonable estimate of my net worth, might be surprised that I would call it quits with such a small war chest. That is fine; I am content with my rewards. Moreover, I will let others try to amass nine, ten or eleven figure net worths. Meanwhile, their lives suck. Appointments back to back, booked solid for the next three months, they look forward to their two week vacation in January during which they will likely be glued to their Blackberries or other such devices. What is the point? They will all be forgotten in fifty years anyway. Steve Balmer, Steven Cohen, and Larry Ellison will all be forgotten. I do not understand the legacy thing. Nearly everyone will be forgotten. Give up on leaving your mark. Throw the Blackberry away and enjoy life.

So this is it. With all due respect, I am dropping out. Please do not expect any type of reply to emails or voicemails within normal time frames or at all. Andy Springer and his company will be handling the dissolution of the fund. And don’t worry about my employees, they were always employed by Mr. Springer’s company and only one (who has been well-rewarded) will lose his job.

I have no interest in any deals in which anyone would like me to participate. I truly do not have a strong opinion about any market right now, other than to say that things will continue to get worse for some time, probably years. I am content sitting on the sidelines and waiting. After all, sitting and waiting is how we made money from the subprime debacle. I now have time to repair my health, which was destroyed by the stress I layered onto myself over the past two years, as well as my entire life — where I had to compete for spaces in universities and graduate schools, jobs and assets under management — with those who had all the advantages (rich parents) that I did not. May meritocracy be part of a new form of government, which needs to be established.

On the issue of the U.S. Government, I would like to make a modest proposal. First, I point out the obvious flaws, whereby legislation was repeatedly brought forth to Congress over the past eight years, which would have reigned in the predatory lending practices of now mostly defunct institutions. These institutions regularly filled the coffers of both parties in return for voting down all of this legislation designed to protect the common citizen. This is an outrage, yet no one seems to know or care about it. Since Thomas Jefferson and Adam Smith passed, I would argue that there has been a dearth of worthy philosophers in this country, at least ones focused on improving government. Capitalism worked for two hundred years, but times change, and systems become corrupt. George Soros, a man of staggering wealth, has stated that he would like to be remembered as a philosopher. My suggestion is that this great man start and sponsor a forum for great minds to come together to create a new system of government that truly represents the common man’s interest, while at the same time creating rewards great enough to attract the best and brightest minds to serve in government roles without having to rely on corruption to further their interests or lifestyles. This forum could be similar to the one used to create the operating system, Linux, which competes with Microsoft’s near monopoly. I believe there is an answer, but for now the system is clearly broken.

Lastly, while I still have an audience, I would like to bring attention to an alternative food and energy source. You won’t see it included in BP’s, “Feel good. We are working on sustainable solutions,” television commercials, nor is it mentioned in ADM’s similar commercials. But hemp has been used for at least 5,000 years for cloth and food, as well as just about everything that is produced from petroleum products. Hemp is not marijuana and vice versa. Hemp is the male plant and it grows like a weed, hence the slang term. The original American flag was made of hemp fiber and our Constitution was printed on paper made of hemp. It was used as recently as World War II by the U.S. Government, and then promptly made illegal after the war was won. At a time when rhetoric is flying about becoming more self-sufficient in terms of energy, why is it illegal to grow this plant in this country? Ah, the female. The evil female plant — marijuana. It gets you high, it makes you laugh, it does not produce a hangover. Unlike alcohol, it does not result in bar fights or wife beating. So, why is this innocuous plant illegal? Is it a gateway drug? No, that would be alcohol, which is so heavily advertised in this country. My only conclusion as to why it is illegal, is that Corporate America, which owns Congress, would rather sell you Paxil, Zoloft, Xanax and other additive drugs, than allow you to grow a plant in your home without some of the profits going into their coffers. This policy is ludicrous. It has surely contributed to our dependency on foreign energy sources. Our policies have other countries literally laughing at our stupidity, most notably Canada, as well as several European nations (both Eastern and Western). You would not know this by paying attention to U.S. media sources though, as they tend not to elaborate on who is laughing at the United States this week. Please people, let’s stop the rhetoric and start thinking about how we can truly become self-sufficient.

With that I say good-bye and good luck.

All the best,

Andrew Lahde”

So long, Andrew. It’s been emotional.

The Detroit Free Press Backs Obama

This was posted on the Detroit Free Press blog today:

“Good judgment makes good presidents.

A chief executive’s ability to be steady yet decisive, and thoughtful when bravado might be enticing, can be the difference between success and disaster in the Oval Office. It’s more important than experience, which can be mistakenly equated with wisdom.

So the choice Americans face in the Nov. 4 presidential election is a clear one: between the relatively inexperienced Democratic senator from Illinois, Barack Obama, who has shown a knack for developing well-reasoned solutions to the nation’s many critical problems, and John McCain, the longtime Republican senator from Arizona, a genuine American war hero with a creditable streak of political independence, who has shown himself to be erratic, impulsive and bullheaded as a political leader.

At a time when America clearly needs some changes, Obama is not only proposing better ones but is also better suited to the job of getting them done. The Free Press endorses Democrat BARACK OBAMA for president.

Despite his relatively short time in public office, Obama, 47, has over the course of the general election campaign steadily articulated a progressive, pragmatic vision for this country, keyed to opportunities for the middle class, and demonstrated time and again that his approach to things is grounded in deliberation and reflection. He’s a man clearly open to ideas and willing to search for the right answer to a problem rather than pursuing the expedient one.

His mantra of “change” is rooted in a well-grounded perspective on governing and leadership.

These qualities will serve well a country that’s hungry for a unified, hopeful vision.
Issue No. 1: Economic recovery

On the economy, issue No. 1 for most Americans, Obama’s recovery plan more openly acknowledges the reality of the current situation: that it won’t be fixed easily, or without sacrifice. He proposes massive investment — in infrastructure, education and alternative energy development — to create jobs, but also to better position the American economy for global competition.

While promising a tax cut for most Americans, Obama also has been clear about the need to raise taxes on the richest Americans, and to reprioritize spending in Washington. He is a disciple of the pay-as-you-go approach to federal spending that helped produce a budget surplus in the ’90s, and he supports targeted spending cuts rather than the broad freeze proposed by McCain — a scalpel instead of hatchet, as the candidates put it in their final debate Wednesday.

As the current economic crisis burst on Washington and Wall Street last month, Obama’s response was measured, rather than panicky, and insightful where it needed to be. He has focused on correcting the massive deregulation of the financial markets that figured in the Wall Street meltdown, while also promising to provide relief to home owners threatened with foreclosure.

Notably, while McCain made a show of suspending his campaign and even asked to call off their first debate so he could rush to Washington for the Wall Street bailout debate, Obama stayed on the campaign trail, offering solutions and correctly pointing out that a president must be able to juggle multiple tasks.

On other key domestic issues with direct impacts on Michigan, Obama’s health care plan is also crafted around a cautious reality that Americans won’t accept a government-run system. He would augment private insurance with a government-funded plan for those who don’t have coverage. On trade, he promises to be a better, tougher negotiator for American products. Obama also has come around on federal assistance and encouragement for U.S. manufacturing, especially the auto industry, which has emerged as a key player in his big plans for a 10-year project to increase the country’s energy independence.
More reasoned on foreign policy

Foreign policy was supposed to be Obama’s weakness, given his newness to the Senate and lack of other service that would have given him first-hand exposure.

But he has emerged as the more sophisticated thinker on the subject and would set a course for the nation that balances humility and humanity with strength, leadership and collaboration.

Obama would pursue a more certain end with the war in Iraq so the American military can focus more on Afghanistan and other nations with more direct connections to terrorism.

He would abandon the hard-line stonewalling adopted by President George W. Bush toward America’s enemies, saying an open approach to negotiations will be more effective. Obama’s stance here strongly reflects his belief that dialogue and openness, even with those who are virulent or violently disagree, don’t equate with weakness. Failure to recognize that has been one of Bush’s most abject failures.
McCain takes disappointing turn

McCain, 72, a surprise victor in the Republican primaries, has been a disappointing contrast to Obama almost from the start of the general election campaign.

His run for the presidency was launched with not only his compelling personal story but McCain’s strong credentials as an independent Republican legislator. But since late summer, the campaign has been marked by stunts and gimmicks, gaffes and shifts that call into question McCain’s temperament and, most of all, his judgment.

One of his greatest miscalculations was the selection of Sarah Palin as his running mate, a pick McCain made after just two meetings and a phone call with the Alaska governor, not yet two years into her first term.

Palin was exciting initially, a potential voice for change, and someone who shared McCain’s “maverick” sensibilities.

But in the weeks since her selection, she has been revealed as not much more than a sideshow, someone with very limited range on issues and almost none of the depth expected in a cabinet secretary, let alone vice president, or president.

McCain has also shown his impulsiveness on policy matters.

Foreign affairs were supposed to be his strong suit, but he has embraced an icy Cold War mentality that could prove dangerous in a world rocked by a more modern political and cultural volatility. He famously joked about bombing Iran. He has resisted admitting that the Iraq war is a costly distraction from the real business of fighting terrorism, vowing to stay until “victory” is achieved. He irresponsibly reduced former Russian President Vladimir Putin to a caricature, saying he saw three letters, “K-G-B,” when he looked into his eyes.

And during the first debate, which was focused on foreign affairs, McCain was nearly bellicose in his saber-rattling, talking very tough but without much context or nuance about America’s place in the world, and its needs going forward.

The Free Press has twice endorsed McCain for the Republican presidential nomination, in 2000 and this year. The McCain running against Obama in this general election has not been the same candidate; he has been nastier, less consistent and, since his acceptance speech at the GOP National Convention, frankly uninspiring.

His campaign suggests McCain would be a president given to instinct, good or bad, and the shunning of advice and consensus.

Senate colleagues quietly agree, describing McCain as quick-tempered — although his outbursts rarely last long — and inclined to make instant decisions, then backfill to defend them.

Obama, by contrast, is said to hear out all points of view and deliberate, sometimes too long, before drawing a conclusion. Each style has its advantages in given situations, but in the White House, where executive decisions can have instant, global impact, Obama’s way will be less risky more often — and a welcome change after eight years of a president who proudly relies on gut instinct.

That Obama would be the first African American elected president is of no policy import, but would be a symbol of American progress, to people in this country and around the world. That he is relatively young and a gifted speaker is also of little substantive importance, though his soaring rhetoric and hopeful outlook could be beneficial in rallying Americans to face today’s challenges together.

But his judgment, across the board, is what makes BARACK OBAMA the stronger candidate to be America’s 44th president.”

Moderate Republicans are jumping off of the McCain ship at this point like rats off of a burning vessel.

Namaste.

Lap-band surgery comes to the US

Lap-band surgery is a form of weight loss surgery that is less invasive than Gastric Bypass Surgery. When looking for a surgeon to perform this type of surgery you are looking for someone who has a large amount of years doing surgery, along with a good after care program.

Dr. Richard Collier is a Lap-Band Surgery Specialist with 30 years of surgical experience in The Woodlands, Conroe, Houston, Kingwood, and Spring, Texas areas. He would be the one to see if you are considering lapband houston, and surrounding areas.

Namaste.

Trucks being marketed down

What the heck do I mean with trucks being marketed down?

I mean I have been watching football this afternoon, and have seen an advertisement for the new Dodge Ram until I feel like I am going to run screaming from my home if I see it again.

The premise of the commercial is a race between teams of guys driving the Ram pickup on a series of obstacle courses. There is lots of loud music, and dust, and trucks in the air. Everything that a redneck loves. And the only voice other than the announcer is a couple of guys with heavy texas accents and cowboy hats.

Marketing at its finest.

Of course he next most frequent commercial is for Bud Light. And I think we all know what I feel about commercially produced yellow, fizzy water.

Namaste.

Web Hosting 101

Anyone who has a blog has had the same quandry. Which webhost should I use? Who has the best service, the best technical support, and isn’t going to head off to Jamaica with my money?

We all want the most “stuff” for our money. It is an American sort of obsession. I give you cash, you give me a bunch of stuff. But if you enter “webhosting” into your favorite search engine you had better step away from your monitor, because you are going to be completely overwhelmed with the amount of information that is going to be there.

Enter a webhosting blog by webhostinggeeks dot com. These guys have a great site full of information for someone just thinking about setting up a website. They have a blog where they talk about what is going on in the industry, along with a number of links to articles that will help you pick out a site, and get it up and running. They have “how to’s” about “Three Web Hosting Mistakes to Avoid“, and “What Type of Hosting Do You Need“.

They also have articles where they rate webhosts by who offers free domain names, who offers multiple domain name hosting, who offers free google adwords. This is a great site for those who are just getting started, to those who already have a webhost and want to see what else is out there. Like me.

Namaste.

Colin Powell endorses Barack Obama

Today on “Meet The Press” former Secretary of State Colin Powell endorsed Democratic Presidential candidate Barack Obama for President.

That is huge. Read about it:

“Sunday 19 October 2008

»

by: Elisabeth Bumiller, The New York Times

Former Secretary of State Colin L. Powell endorsed Senator Barack Obama for president on Sunday morning as a candidate who was reaching out in a “more diverse and inclusive way across our society” and offering a “calm, patient, intellectual, steady approach” to the nation’s problems.

The endorsement, on the NBC public affairs program “Meet the Press,” was a major blow to Senator John McCain, who has been a good friend of Mr. Powell for decades. Mr. Powell, a Republican, has advised Mr. McCain in the past on foreign policy.

Mr. Powell told reporters after the taping of “Meet the Press” that he had been disturbed in recent weeks by the negative tone of Mr. McCain’s campaign, particularly its focus on Mr. Obama’s passing relationship with William Ayers, a 1960s radical and founder of the Weather Underground. The McCain campaign has sought to promote the idea that Mr. Obama is “palling around with terrorists,” in the words of Mr. McCain’s running mate, Gov. Sarah Palin, because of Mr. Obama’s weak links to Mr. Ayers.

“I thought that was over the top,” Mr. Powell told reporters. “It was beyond just good political fighting back and forth.”

Mr. Powell did offer Mr. McCain a small dose of solace by calling him a different kind of Republican, although one who would support the party’s standard positions.

“As gifted as he is, he is essentially going to execute the Republican agenda, the orthodoxy of the Republican agenda, with a new face and a maverick approach to it, and he’d be quite good at it,” Mr. Powell said. “But I think we need a generational change.”

In offering his endorsement, Mr. Powell becomes the highest profile Republican to add his support to the Democratic ticket. Aides said it was not yet known whether the two men would campaign together – or what Mr. Powell would do alone – in the final two weeks of the presidential campaign.

Those talks, aides said, were underway on Sunday.

Mr. Powell’s endorsement exposed a fundamental policy rift in the fractious Republican party foreign policy establishment between the so-called pragmatists, a number of whom have come to view the Iraq war or its execution as a mistake, and a competing camp, the neoconservatives, whose thinking dominated President Bush’s first term and played a pivotal role in building the case for war.

Mr. Powell, who is of the pragmatist camp and has been critical of the Bush administration’s conduct of the war, was said by friends in recent months to be disturbed by some of the neoconservatives who have surrounded Mr. McCain as foreign policy advisers in his presidential campaign. The McCain campaign’s top foreign policy aide is Randy Scheunemann, who was a foreign policy adviser to former Senators Trent Lott and Bob Dole and who has longtime ties to neoconservatives. In 2002, Mr. Scheunemann was a founder of the hawkish Committee for the Liberation of Iraq and was an enthusiastic supporter of the Iraqi exile and Pentagon favorite, Ahmad Chalabi, who was viewed with suspicion and distaste at the State Department when Mr. Powell was secretary of state.

Mr. Powell met with both Mr. McCain and Mr. Obama in June in preparation to make a possible endorsement. He has said repeatedly in recent months that he wanted to wait until after the political conventions and the presidential debates before making a decision.

Mr. Powell’s support of Mr. Obama was not a surprise to people who know him well and within Washington’s foreign policy establishment, but the Obama campaign welcomed it as a powerful reassurance to voters about Mr. Obama’s national security credentials. Other voters, however, could discount it as an action of a disgruntled member of the Bush administration or as simply the support of one African American for another.

Mr. Powell also told reporters on Sunday that he was troubled that a number of Americans believe that Mr. Obama is a Muslim, although he did not directly link that supposition to the McCain campaign. At a recent town-hall style meeting, Mr. McCain told an audience member who said she thought that Mr. Obama was an “Arab,” “no, ma’am, he’s a decent family man.”

“These are the kinds of images going out on Al Jazeera that are killing us around the world,” Mr. Powell said. “And we have got to say to the world it doesn’t make any difference who you are and what you are. If you’re an American you’re an American.”

Mr. McCain was asked about Mr. Powell’s endorsement during an interview on Fox News Sunday.

“I have always admired and respected General Powell,” Mr. McCain said. “We have a respectful disagreement.”

Again, this is huge for Barack Obama’s campaign.

Namaste.