Are 7-8% annual returns a thing of the past?

Posted By on July 31, 2012

robertarnottThis morning on CNBC there was a discussion about the long term changes that investors and savers are looking at without the growth potential of the past. We are in a new high debt world and the workforce is growing far slower than in the past. Robert Arnott discussed the expected returns we’ve all been taught and is pretty convincing in just how underfunded pension, etc have become. Considering retirees and senior citizens don’t have the large workforce as did previous generations, I do see reasons to worry. The future may have more in common with the past ten years than the gains we saw in the last half of the 20th century.

CNBC – Robert Arnott – July 31, 2012

Looks more and more like “flying” pilots are becoming obsolete

Posted By on July 31, 2012

x-47UnmannedCombatAirSystem

Unmanned, but then who’s looking out the “faux” window?
Smile

Remember the ‘UFO’ that motorists spotted along D.C. highways back in June?

The saucer-shaped object caused a stir in the area prompting many to call 911 and to post photos on Twitter.

We later learned the mysterious object was an experimental, unmanned aircraft called an X-47B.

The aircraft was delivered to the Patuxent Naval Air Station for testing and on Tuesday FOX 5 got its first close-up look at the drone.

According to Northrop Grumman, the saucer-like shape of the aircraft is a deliberate effort to make it harder to detect.

Remotely-piloted aircraft like the X-47B can be used for surveillance or can carry weapons.

Read more: http://www.myfoxdc.com/story/19156226/dc-beltway-ufo-up-close-at-air-base#ixzz22DOPJKDh

Archive: Adding a few updated Sonex photos

Posted By on July 31, 2012

SonexShopView_0688 SonexAerovee_0685

With the slow economy and the associated weak income/high expenses related issues … combined with my lack of aviation motivation in recent  years, it only makes sense to show my Sonex project to interested builders. After cleaning up the shop a little bit, I picked up a potential buyer, Dennis, and his friend Tom at the Warren County airport on Sunday afternoon so they could take a look.

SonexFus_0687 SonexCockpit_0686

We had a nice visit and couldn’t believe the number of interests we shared. Besides aviation, Tom is an MGB guy and took an interested in my project. He also has an interest in sailing and actually recognized the make and model of the boat Brenda and I owned and sailed pre-kids – a Baba 30. Of course that opened up another half an hour of conversation. We had a nice time whether they buy my project or passes on it.

Making Your Own Insect Repellant

Posted By on July 30, 2012

mosquito

With a recent 2012 report that we have a case of West Nile Virus close to home here in Ohio, this “how-to make insect repellant” post from The Boat Galley is timely. Check out the full article here or some of the article below.

Store the mix in a dark plastic bottle so it won’t degrade.  If you can’t find a dark bottle, just cover a clear one with duct tape.   I found that using an old (well-rinsed out) shampoo worked well as it had a small opening for pouring the repellant out. I also tried putting it in an old window cleaner bottle with a spray nozzle so that we could spray it on. However,  pouring a bit out from the shampoo bottle and then rubbing it on seemed to work better for us, probably because we used more of the mix, so I wouldn’t worry about trying to find a spray bottle.

Now, on to the formula.  The mixture should be 5 to 10% essential oil(s) and the rest the “carrier” oil or alcohol.  So, to make a reasonable quantity:

1 fluid ounce essential oil(s) — total of all oils (this is 2 tablespoons, or 30 ml)

9 to 19 fluid ounces carrier oil or alcohol (1-1/8 cup to 2-3/8 cups)

I opted to make it on the strong side and used 1-1/4 cups of carrier, which made a total of 1-3/8 cups of the mix (11 ounces).

Make Your Own Insect Repellant

Store the mix in a dark plastic bottle so it won’t degrade.  If you can’t find a dark bottle, just cover a clear one with duct tape.   I found that using an old (well-rinsed out) shampoo worked well as it had a small opening for pouring the repellant out. I also tried putting it in an old window cleaner bottle with a spray nozzle so that we could spray it on. However,  pouring a bit out from the shampoo bottle and then rubbing it on seemed to work better for us, probably because we used more of the mix, so I wouldn’t worry about trying to find a spray bottle.

Now, on to the formula.  The mixture should be 5 to 10% essential oil(s) and the rest the “carrier” oil or alcohol.  So, to make a reasonable quantity:

1 fluid ounce essential oil(s) — total of all oils (this is 2 tablespoons, or 30 ml)

9 to 19 fluid ounces carrier oil or alcohol (1-1/8 cup to 2-3/8 cups)

I opted to make it on the strong side and used 1-1/4 cups of carrier, which made a total of 1-3/8 cups of the mix (11 ounces).

No See Um Repellant imageWhat essential oil(s) to use?  It depends on what you need protection against:

IMPORTANT:  With all of these,  you need the highly concentrated “essential” oil.  For example, you can get “citronella oil” for Tiki lights in lots of places.  But that’s not what you need — it’s already been diluted (and with things you probably don’t want to rub on your skin).

Carrier oil or alcohol (choose one or a combination):

  • olive oil, sunflower oil or any other cooking oil
  • witch hazel
  • vodka

Just pour the essential oil and the carrier into the dark bottle you’ll store it in, cap it and shake to mix.  If you prefer a “gel” consistency, you can mix in some aloe vera gel — but be aware that you’re cutting the concentration of the essential oil.

You can either rub it on or spray it on.  Apply about once an hour or more often if you’re swimming or sweating a lot.

And one final related note:  If you need to replace — or make — a no-see-um screen, it can be hard to find the material.  Try bridal veil material, which you can find in most moderate-sized towns.

Full article: http://theboatgalley.com/noseeum-repellant/

What essential oil(s) to use?  It depends on what you need protection against:

IMPORTANT:  With all of these,  you need the highly concentrated “essential” oil.  For example, you can get “citronella oil” for Tiki lights in lots of places.  But that’s not what you need — it’s already been diluted (and with things you probably don’t want to rub on your skin).

Carrier oil or alcohol (choose one or a combination):

  • olive oil, sunflower oil or any other cooking oil
  • witch hazel
  • vodka

Just pour the essential oil and the carrier into the dark bottle you’ll store it in, cap it and shake to mix.  If you prefer a “gel” consistency, you can mix in some aloe vera gel — but be aware that you’re cutting the concentration of the essential oil.

You can either rub it on or spray it on.  Apply about once an hour or more often if you’re swimming or sweating a lot.

And one final related note:  If you need to replace — or make — a no-see-um screen, it can be hard to find the material.  Try bridal veil material, which you can find in most moderate-sized towns.

Full article: http://theboatgalley.com/noseeum-repellant/

Capitalism is good, so why is it getting such a bad rap?

Posted By on July 29, 2012

When did Americans become so critical of free enterprise and capitalism? Either they have been blinded by those who have socialist philosophical views or they have seen “free market capitalism” turn to “crony capitalism” in recent years.

… capitalism is the best thing that has ever happened to the material condition of the human race. From the dawn of history until the 18th century, every society in the world was impoverished, with only the thinnest film of wealth on top. Then came capitalism and the Industrial Revolution.  Everywhere that capitalism subsequently took hold, national wealth began to increase and poverty began to fall. Everywhere that capitalism didn’t take hold, people remained impoverished. Everywhere that capitalism has been rejected since then, poverty has increased.

LINK

Remember the above when you walk into the voting booth this November and let’s fix the problem with our capitalist system (the crony capitalism part) … and not pick a path that history has proven repeatedly fails and immiserates the masses.

What we hear nowadays is a war of words from the media — the political left and the  right have opposing views on how to best revive our economy and create jobs –– liberals want bigger government, more regulation and growth in entitlements requiring more taxes; the conservatives want  smaller government,  fewer regulations, more individual responsibility … as well as across the board lower taxes trusting the earner to spend wiser than our goverment.  One would think that a look to history gives a clear cut answer, since it wasn’t until individuals were given the freedom “from” oppressive governments and their heavy taxes that the American experiment was tried. With this new found democracy,  innovation advanced and gave a chance for individuals to capitalize on their own work. That said,  I recognize that capitalism works best when our government representatives are not tied to (or in the pockets of)  corporations, powerful individuals or groups such as unions. Thankfully, we as individuals still have the ultimate control … one person, one vote.  The less dependent we can be on government and the smaller the government’s influence on business, the better it will be  for the country and ALL our citizens. A functioning free market capitalist system is the best way to improve the quality of life of all citizens, so let’s reignite the spirit that founded this country and embrace capitalism once again.

 

Florida Store Clerk’s Beating, Robbery Caught On Tape

Posted By on July 28, 2012

Remind me again why a trained law abiding citizens shouldn’t have the right to have a concealed carry weapon and defend themselves?

SEFFNER, Florida — The beating was brutal; 71-year-old Hasimbhai Indawala was punched over and over again in the face and head, but that isn’t the way the robbery ended.

It all started at U.S. 92 Food Mart in Seffner around 8 p.m. Monday. Two men walked in. One went to the counter and grabbed Indawala by the shirt, while the other went behind the counter with a knife to physically subdue him.

They demanded Indawala open the register, and he did. But the thugs weren’t satisfied with the cash. They beat the elderly clerk senseless, sending him to Tampa General Hospital’s Trauma Unit.

The store is owned by the Indawala family. The victim’s son has taken his father’s place behind the counter. He is too emotional to speak to 10 News, but his customers aren’t.

“They should be dead,” one customer told 10 News, referring to the two crooks.

The Cerritos family rents space next door for their car wash. They left for the day one hour before the attack. “It’s pathetic what they did to him, just horrible,” said Carla Cerritos.

Cops call these two crooks stupid — stupid for being so arrogant, clearly showing their faces while the cameras roll, capturing every movement, every punch. It’s what cops say will be their undoing when someone recognizes them and rats them out.

Update: Two men suspected in a crime spree after walking away from a Wisconsin correctional center have been arrested in Broward County. They are suspected of beating an elderly store clerk in Seffner earlier this week, according to the Hillsborough County Sheriff’s Office.

The Seminole Police Department said James Newman and James Misleveck were arrested after a chase in Hollywood, Fla., early Wednesday. Dispatcher Paige Gutierrez says they are being held in the Broward County Jail.

Authorities said the men stole a shotgun after fleeing from the Black River boot camp July 17, stole several vehicles and kidnapped and robbed a woman at a Black River Falls casino.

Jackson County sheriff’s officials said the two commandeered the woman’s SUV and forced her into the back seat at gunpoint. They drove to Tomah, then Sparta, where the men stole a pickup truck, authorities said. At some point, the woman escaped.

The men were spotted in a parking ramp at the Seminole Hard Rock Hotel and Casino in the same black Chrysler Concorde they stole last week from Juneau Road south of Tomah, according to authorities.

When police tried to stop their car, the men drove away and led officers on a high-speed chase through a residential neighborhood, police said.

Police said the men then stopped the car and ran from officers. James Misleveck tried to climb a fence, but officers caught him before he could go over, according to police.

Police said James Newman climbed a tree and was eventually surrounded by police. He then jumped out of the tree and tried to run again, but was taken down by a police dog, according to the Seminole Police Department.

http://www.digtriad.com/news/article/237973/57/Store-Clerk-Severely-Beaten-During-Robbery

Posted via email from RichC’s posterous

Why Facebook stock at $23/share is still “currently” over-priced

Posted By on July 27, 2012

I spend a few hours each day focused on trading and inventing and have been regularly asked about my opinion on buying Facebook stock. My reply has often been that it is a great company and is one of the leaders (if not “thee” leader) in social networking, but Mr. Zuckerberg and Company hasn’t figured out a way to make enough money to support their $38/share IPO stock price.  After a strong  couple of days for the broad market due to indications that the U.S. Fed and European central bankers plan to infuse more money into the markets, Facebook stock (FB) continued to close down … not a positive sign.

Another valuation analysis came late in the afternoon from Dan Niles at Alpha One Capital who compared Facebook to Google and detailed the numbers. He convinced me that unless Zuckerberg can come up with a way to generate income from mobile ads, FB is still over priced at $23.70. (CNBC Video below)

 

Closing comments on CNBC’s Squawkbox from Peter Fisher

Posted By on July 27, 2012

Peter Fisher, the head of Blackrock Global‘s fixed income, made a few observations this morning regarding economic slowness worldwide. One of the important conclusions that I’ve been hearing from experienced voices is that the U.S. is the safest bet when securing capital and inching out returns. In other words, investors globally move to the security of U.S. based companies, dollars and bonds as they are perceived as the “least” risky worldwide.

CNBC (mp3) — Peter Fisher, Blackrock Global

BPAs – bisphenol A: Should we be concerned?

Posted By on July 26, 2012

I’ve been slow adjust to monitor the plastic containers, cookware and dishware and in particular the polycarbonate #7 plastics, but am a bit more conscious to put my water in a stainless steel thermos … but I do pour from a “plastic” Brita pitcher. Hmm?

On that note, it is tough to know when to go full tilt in eliminated the BPA plastics we use and when to slowly start to replace the easiest to eliminate in our day to day lives. To be honest, I’ve not paid all that much attention as to what kinds of toxicity bisphenol A presents or “IF” it is a significant health risk. Unfortunately after reading, I’m still not sure how high the risk is for adults, but agree that less exposure is better.

NTPonBPA
LINK to Fact Sheet from NIEHS PDF

The NTP reached the following conclusions on the possible effects of current exposures to bisphenol A on human development and reproduction. Note that the possible levels of concern, from lowest to highest, are negligible concern, minimal concern, some concern, concern, and serious concern.

The NTP has some concern for effects on the brain, behavior, and prostate gland in fetuses, infants, and children at current human exposures to bisphenol A.

The NTP has minimal concern for effects on the mammary gland and an earlier age for puberty for females in fetuses, infants, and children at current human exposures to bisphenol A.

The NTP has negligible concern that exposure of pregnant women to bisphenol A will result in fetal or neonatal mortality, birth defects, or reduced birth weight and growth in their offspring.

The NTP has negligible concern that exposure to bisphenol A will cause reproductive effects in non-occupationally exposed adults and minimal concern for workers exposed to higher levels in occupational settings.

Read the report: The National Toxicology Program (NTP) Brief On Bisphenol A (BPA)

Video: How many baby bears fit in a dumpster?

Posted By on July 25, 2012

No more dumpster diving for the baby bears …

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.
My Desultory Blog