Author: Ray Saunders

Plutocracy In Action

The Spectator interviews Michael Lewis on the 2008 financial crisis.
01/23/2016

      The author of The Big Short weighs in:

“Not nearly enough has been done — the regulatory response has been totally inadequate. The big banks have blocked serious reforms, meddling in the process so incentives haven’t changed enough to attack the heart of the problem — which is why it could happen again.”

“We still have the same short-term-oriented compensation, the same big bonuses at year-end…”

“I’ve never gotten over the feeling when I learnt Goldman Sachs had designed securities that would fail, so they could then short them.”

“The 1997 repeal of the Glass-Steagall Act was part of the problem [] but it goes back even before that. The earlier transformation of investment banks into public corporations was a big mistake — with bankers using shareholders’ money to bet, rather than their own.”

“It isn’t just the big campaign contributions. Anyone at the table talking about financial reform is a potential hire and likely to end up working in the financial sector for huge sums, so they get captured.”

More To Life Than Bacon – Stuffed Peppers

Mediterranean Stuffed Peppers

1 large red pepper, 1 large yellow pepper
(Serves 2 – adjust as needed)
  Green peppers less sweet, then yellow, red sweetest. You choose.
3 oz Couscous
1 oz toasted pine nuts
Handful of black olives, roughly chopped.
 Green olives or capers if you prefer
   I detest olives. And capers. I use cocktail onions or diced chorizo.
      If I want to spice it up a bit, I use diced jalepeno 😀
13/4 oz feta cheese
13/4 oz semi-dried tomatoes, snipped
 or handful of cherry tomatoes quartered.
2 tbsp shredded basil.
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Ruminating Again

  Just to get it out of the way, my thoughts on this ‘holiday’ haven’t changed since my earlier post. All the spin and political soundbites, the one-day sales and commercials, the war-mongering and propaganda have buried the truth, along with what little decency we had as a nation. The unfashionable virtues of humanity and love, of fellow-feeling and compassion, of peace and good will now only exist on the personal level. Americans as individuals (or at least most of them, including some we all recognize as assholes politically) are generally more caring than their government, even if they loudly support a draconian regime. Continue reading

Connections and connections and connections

Wise Old Indian says:
(How come we don’t have sayings of old Drunk Uncle Billy Bearpaw?)
  A man must discover who he is.
  A man must discover where he comes from.
  A man must discover why he’s here.

   I’m still working on #1, have a growing understanding of #2 and have at least discovered #3.
I’m here to learn and appreciate.

   When I was growing up in rural Colorado, I didn’t feel much connection with my contemporaries. For the most part, they prided themselves on being anti-intellectual, clung tightly to their ignorance and bullied anyone the least bit different or smaller. I was quite small for my age until my high school ‘growth spurt’ & was the teacher’s pet, so I came in for a lot of nastiness. Eventually, I learned to look out for myself, becoming a good boxer and wrestler who could think and act faster than the assholes, so they learned to leave me alone. That did not suddenly open the door to socialization and while I’m not anti-social, I decidedly failed to develop the usual social skills of teenagers. Continue reading

Dreams….?

   I used to fly hang-gliders, last time probably 20-25 years ago. There are two sorts of rising air: ridge lift in which an incoming wind hits the side of a mountain and rises. This frequently has turbulence caused by that same wind tumbling over the mountains on the other side of the valley and usable ridge lift depends very much on wind speed. Too strong: unflyable, too weak, not enough lift. The trick is to stay aloft long enough to pick up the second type of rising air: thermals. Once located, one can get powerful lift, Problem with that is thin air and it’s damn cold.
   In a few places, a coastal cliff faces the wind and there’s nothing upwind to create turbulance. Wind speeds of 60+ are flyable and one can fly back and forth for hours. The lift from a vertical launch can be 2500-feet/minute and it’s an awesome jolt to step off a 3000-foot cliff and be 5000 up in a few seconds. Continue reading

Viewing Life Differently

  For reasons of no particular interest here, a perfect storm of conditions recently caused my first-ever COPD flare-up and subsequent five-day hospital stay, the only time in 77 years I’ve been in for more than same-day surgery. The process left me somewhat chastened and realizing that using good genes as an excuse to ignore my health was probably not a viable long-term option. I will therefore have to take seriously the task of regaining and preserving as much as possible of my health going forward.

  The process also left me with some memorable experiences which I will chronicle here, in case anyone’s interested.
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The Ultimate Cocklebur

   When I was a teenager, I came into possession of a large amount of booze. (It’s a long story). I kept a bottle in my school locker and used to take a nip between classes – more to cock a snook at Authority than because I really wanted a drink. I used to lie in bed at night with an 8oz tumbler full of whiskey and read, listen to country radio until about 4am as I sipped my booze.
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