Tired of the financial markets making new record highs?

Posted By on February 21, 2017

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Once again the US Financial market rose to new record highs on Tuesday as the Trump rally continues to encourage investment and hope for earning, regulation reductions and tax relief. Likely those three biggies will either get done and satisfy investors or disappoint with a delay and trigger a sell-off. Who knows if congress can get a satisfactory bill or two to President Donald Trump’s desk for signing in the near future or if bickering and dissentions within the Republican party will ruin the party?

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Financial Visualizations www.finviz.com

“Companies didn’t all of a sudden become much more profitable,” said Ron Weiner, managing director of RDM Financial Group at wealth management firm HighTower Advisors. “The markets are filled with optimism for a number of proposals.”

Still, some analysts warn that stocks have become pricey relative to their historical averages. The 12-month forward price-to-earnings ratio for the S&P 500 rose Friday to its highest level since 2004, according to FactSet.

“The ascent we’ve seen since election day is just incredible,” said Lindsey Bell, investment strategist at CFRA Research. “It makes us a little nervous…we think a lot of the move is based on euphoria and hope surrounding [President Donald Trump’s] policies, especially tax reform,” she said.

via WSJ

What does one do with an old cigarette box or cigarettes?

Posted By on February 21, 2017

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I was fortunate to have one of the greatest childhoods. My immediate family was very close with my mom’s parents (my grandparents) and her sister and family. We spent many times together and every holiday. My cousin Diane and husband Bert remain “relatively” close to this day and occasionally text message back and forth. Hm, maybe that’s where the word “relative” was derived from. BTW, I’ve included something interesting for her “in the above photo” just in case she reads this – click image or link.
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Diane sent me a photo of a silver box the other day and wondered if I remembered it. I did remember the silver cigarette box, but not the one she has … there must have been two … and we decided they must have been in our grandparents house before being split between their two daughters after their passing?

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The one I have has my dad’s last pack of unopened Half and Half cigarettes from when he quit smoking in the early 1960s. It was in his dresser drawer for as long as I can remember … likely as a trophy in kicking an addictive bad habit that millions of men picked up in the military. According to my mom, dad decided to quit about the time they had children and when the first wave of “smoking is bad for your health” was starting to sink in. She told us dad, “quit without a problem” … and he thankfully he never went back. I think the Half and Half brand was used as a way to ease off the full dose of nicotine craving fed by normal cigarettes (Interesting fact: normal cigarettes have 8 – 20 mg of nicotine of which approximately 1 -2 mg is absorbed).

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I worked at a Shell gas station when I was 16 and sold A LOT of cigarettes (but never smoked, thank goodness). Many of the brands are no longer around and thought I’d post a few to see if you recognize the ones that exist and the ones that have disappeared?

Presidents Day: Leaving behind debt (as a share of GDP)

Posted By on February 20, 2017

Happy Presidents Dayif you can still smile after the lack of discipline and leadership.

 

Music Monday: Shocker not to have mentioned American Pie yet?

Posted By on February 20, 2017

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Debating political spin, fake news, lies and misleading the public

Posted By on February 19, 2017

Having been around journalists and the media most of my working life, I disagree with the broad brush of many who paint them as "knowingly biased and of misleading the public." MostNEObama reporters, professional journalists, aspire to gather and report the relevant facts with the purpose of getting a story correct and providing the facts to allow the reader, listener or viewer to form their own opinion. Unfortunately in the social networked world we now live, in creeps "getting it first or faster" and "getting it read." The "first and fast" is a recipe for missing something and making mistakes and the "getting it read" encourages hype and sensationalizing … something we use to call "yellow journalism."

A few in the business still answer to editors with fact checkers. Most national news organization require multiple sources from reliable outlets. The sources supplying information are becoming questionable and corroboration is often secondhand.

The most noticeable change for those of us who have paid attention to newspapers, radio and television for decades is the dominance of "opinion journalism." It has exploded in recent years and is either a symptom or outcome of a country polarized on the left and right (maybe both?)  Internet news exacerbates the problem and real-time reporting by "citizen journalists" can make news organizations and their reporters scramble for relevance and their economic existence. It is easy to see how "owners" needing to sell advertising, pay salaries and bills reaching for a way to keep an "audience." Working in a little color and slant may be that last ditch effort to keep presses rolling and cameras clicking. All to often reporters enjoy editorializing and giving permission probably enjoy sharing their thoughts and put their spin on a story. After all, being a commentator, having a column or a show seems to be the aspirational goal for many with careers in journalism 

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Bias has crept into everyday news to the point every news outlet and reporter is now questioned and viewed with skepticism. Those in denial often cite, "the facts are the facts." Those of us "attempting" to be open-minded and fair find ourselves trapped in a debate as to who reports stories "down the middle" … although that "middle" is difficult to define anymore.

For most, it is easy to acknowledge newspapers, networks and "particular programming" who purposely slant their coverage of the news … especially politics. But there are those outlets who attempt or pretend to be mainstream that increasingly are reporting stories and viewer opinions with a bias. It comes from both the right and the left and without public funding … it is their business.

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Speaking of "public funding" (taxpayers still contribute), NPR continues to be heavily weighted with political left journalists, content and listeners/readers. I still think they work diligentlynprlogo to report and check their facts, but they continue to report with a bias. I regularly read the NPR Ombudsman column (but listen less than I use to) and have notice a couple posts struggling with misinformation and fake news. I have found even a column where the focus is on getting the story right, a reader often ends up with a left slanted take on a topic AND more concerning the trend of using words dangerous terms that up until recently would not have been accepted. The NPR comment above uses "lie" when talking about Vice President Pence — Point of fact, Pence worked with Carrier for months to no avail as governor of Indiana, but it was not until President Trump made a phone call did management decide not to move their production plant to Mexico. (source) It was wrong for the Ombudsman to give that point of view so much leeway.

As for the concerning trend of "dangerous words," the referencing of Nazi, Fascists, Brownshirts, Authoritarian, Hitler, etc by those in the media is not wise. They are fanning the flames of division within our country and playing fast and free with the profession of journalism. A healthy skepticism of government is good. Hold them accountable and respectfully report the facts as they are … not as a reporter’s personal view. If possible, recognize that most elected to serve our country want what is best, but they come with varied political philosophies and economic views in how we get there. Let’s all step back a notch … especially those who we "NEED" to report to us without a bias and remember that the country voted and elected them to lead for a short time. Give them fair reporting if you believe in journalism.

Journalism’s first obligation is to the truth

Good decision-making depends on people having reliable, accurate facts put in a meaningful context. Journalism does not pursue truth in an absolute or philosophical sense, but in a capacity that is more down to earth.

“All truths – even the laws of science – are subject to revision, but we operate by them in the meantime because they are necessary and they work,” Kovach and Rosenstiel write in the book. Journalism, they continue, thus seeks “a practical and functional form of truth.” It is not the truth in the absolute or philosophical or scientific sense but rather a pursuit of “the truths by which we can operate on a day-to-day basis.”

This “journalistic truth” is a process that begins with the professional discipline of assembling and verifying facts. Then journalists try to convey a fair and reliable account of their meaning, subject to further investigation.

Journalists should be as transparent as possible about sources and methods so audiences can make their own assessment of the information. Even in a world of expanding voices, “getting it right” is the foundation upon which everything else is built – context, interpretation, comment, criticism, analysis and debate. The larger truth, over time, emerges from this forum.

As citizens encounter an ever-greater flow of data, they have more need – not less – for suppliers of information dedicated to finding and verifying the news and putting it in context.

How-to: Early spring cleaning chores and practice run

Posted By on February 18, 2017

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We have high ceilings in a couple areas of our house and one of the challenging chores is dusting or "de-webbing" the corners and edges some 20 feet up. Oh you would think it would be easy with a ladder, but you would be wrong. First, I don’t have an indoor ladder capable of reaching up that high and second … standing on the top rung of an 8 foot folding ladder isn’t fun or safe!  So instead I tape a PVC pipe to one of a wood floors Swiffer "type" Duster and work my way around the rooms. Unfortunately "looking up" has me detecting more cracks and blemishes than I want to see; I’m reminded we no longer live in a new house?

Pregnancy Update:

Our daughter is now over 8 months pregnant and closing in on the delivery date. Katelyn is feeling great and just made a "practice run" with Drew to the hospital this weekend. We are all excited for the "real run" next month, but only hope they don’t cut it as close as Brenda and I did when making the long drive to the hospital in 1986 – we barely made it!

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Amazing some Darwin Award candidates make it to adulthood

Posted By on February 18, 2017

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To be fair, I’m not sure if “Chipper” is clearing his machine with it running (only his Orthopedic Surgeon would know for sure) … the photo makes me cringe nevertheless.

Tech Friday – Ordered an IOT connected Particle Photon device

Posted By on February 17, 2017

photon-plugged-inWhile talking with my IT friend Jeff about controlling relays with my Pine64 and Raspberry Pi computers, he thought developing with the Arduino or Particle Photon might be a better idea.

I did a little bit more reading as to what an Internet Of Things device might be good for, and decided my relay switching ideas might apply. Besides the Photons are $19 and already designed to connect with wifi or 3G connected (maybe later) so could be helpful. Anyway, something else to distract me from actually getting some of the many, MANY projects I have on my "To-Do List."

More to come later …

 

EDIT: It arrived and the package is shockingly small!

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I’ve starting to "tinker" (name of the Particle smart.io smartphone app) with it connected to my relay for 110v light outlet switching (currently a desk light on my workbench). Also flashed the chip with a publish program which simulates "false" temperatures and "loops" a bit of data to a channel and "for now" graphs it every 30 seconds. Next step with ThingSpeak would be to add triggers although I’d rather do something like this on the Raspberry Pi or PineA64?

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Federal Income Taxes – what changes are in store for 2017?

Posted By on February 16, 2017

Unless you’ve had your head in the sand pile, you know that there is a shake-up happening in Washington DC since the election of President Donald Trump and his taking office less than 1 month ago. Much of the economic optimism seen by new records on Wall Street, job incentives and both interest rates and inflation ticking up are due to a more friendly business climate coming from our Federal government. I see it as government partnering with business rather than against it … even if it is only optics, it should stimulate growth.

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Much of the optimism comes from fewer regulations and lower taxes … and the big one that impacts every taxpayer is lower individual federal income tax rates. How much you ask … well because the president has disclosed his thoughts, let’s start there, but be warned, congress has their own ideas and they are very likely to get bogged down in the details. I would be great if we could at least the proposed 3 rates instead of the existing 7, but it is likely to take until the fall of 2017 … or maybe even 2018 before a bill gets to President Trump (we can only dream that this kind is simplicity is carried forward thru the entire tax code).

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There are real winners and those unchanged … but if there is simplicity, we all win. Currently, unless there are changes to the deductions and credits, those earning smack dap in the middle … currently taxed at 25% … there will unlikely be much to notice. Many on the “struggling at the low end of the income scale” will likely see a few dollars knocked off their tax bill and those over $413,000 will see considerable tax savings … of course they still pay the most in taxes too. All in all, simple would be better. Get this to a postcard return and then congress would have something to brag about … but I’m not holding my breath.

Sailing Archive: Emergency Steering Drogue set-up and training

Posted By on February 15, 2017

Video training on setting up a speed limiting drogue for emergency steering on a sailboat.

33 minute training video demonstrates two popular approaches that give racers and cruisers more than one option when steering a disabled vessel with a damaged or lost rudder. Each drogue is deployed according to the manufactures recommendations with lots of new techniques

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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