Markets sell off as fears rise that a world wide recession nears

Posted By on September 22, 2011

It is a painful day today on the financial markets as all “indicators” show heavy selling on Wall Street and even in the precious metals markets – not much optimism. It is difficult to watch as people who try to save for a home, for college or retirement, see their assets shed large chunks of value … in just two days we’ve seen losses mount to near double digit percentages (two day Dow chart below).

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As I stop working to watch the closing of the markets today (3:30 PM EST), the Dow is down over 500 points; we’re near “panic” selling. Some … very few … are suggesting this is time to pick up some bargain basement priced companies. Let’s hope there is some closing comeback.

EDIT: After receiving a couple emails about my repeating the media’s use of the word “depression,” I’ve opted to switch to the less “fear” triggering word “recession” in the subject line.

iPhone 5 Specs from Sprint News – Sprint Users

Posted By on September 22, 2011

Here are a few “probable specs” from SprintUsers regarding the assumed mid-October iPhone 5 release on Sprint:

  • World Phone with a SIM-less Design
  • Curved Glass Display
  • A5 Chip with a clocking speed in the range of 1.2 or 1.5 GHz with 1GB RAM
  • Wireless Charging as well as Sync & Back Up of data
  • 4G
  • iOS 5

This of course is not the exhaustive list.  There are other cool features talked about like a fire-resistant body, a look that mimics the iPad 2, and better battery life than the iPhone 4.

Posted via email from RichC’s posterous

Video: Jetman flies his wing over the Grand Canyon

Posted By on September 22, 2011

I have posted some of Yves Rolly’s video in the past on my blog and thought I would archive his flight over the Grand Canyon from May 2011. A friend mine (a psychiatrist, by the way), email me the link saying that this clip reminded her of me. Hmm, I told her “when I strap jet fuel to my back and decide to fly over the Grand Canyon THEN she can evaluate my sanity.” (video below)

 

MRI day at the Cleveland Clinic and TWO doctor visits

Posted By on September 21, 2011

I’m traveling in Ohio this week with a “pleasure stop” for pictures  at the Cleveland Clinic [sarcasm] —  MRI of my malfunctioning shunt (btw, all was normal in my noggin’). The imaging was precautionary after my July tympanic steroid injection – all was a follow up due to my decade old Endolymphatic decompression and shunt surgery. For those curious, the somewhat unique surgery and steroid injections are treatments for Ménière’s disease (both are treatments for those unable to solve the vertigo attacks through diet and medication).

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Driving into Akron Ohio from the north (left) and North Akron (rt) – click for larger images

The trip was not a waste since I also slipped in a couple customer calls while in northeast Ohio … AND I’m also visiting a second doctor which only costs me dinner purely pleasure: Dr. Katelyn.

EDIT: Image from MRI CD added.

MRI IMAGE

MGB engine rebuild photos on Microsoft Skydrive

Posted By on September 20, 2011

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While still tweaking the new WordPress install, I wanted to test Windows LiveWriter and the online Skydrive set-up for ease of displaying a gallery of photos. It may be an easy way to upload and include photos, but I’m not all that pleased with how it works.

The below photos are a few after starting to put the MBG 1800cc engine back together … primarily due to needing to replace the worn soft cam (a known issue). The long garaged project has been low on my list of “needs to get done” (see previous 2005 post). I do enjoyed spending a free weekend day working on it but have far too many hours into this undeserving vehicle – it was in such bad shape that restoring is hard to justify.

Why Tax reform? (testing flash video embed after blog move)

Posted By on September 20, 2011

Why we need to reform the tax code and create a structure that attracts business to the United States … a thought from Thomas Falk, CEO of Kimberly Clark this morning on CNBC.

A personal note: It was challenging enough to start a business and compete in 1987; doing the same thing today would be extremely risky “knowing” what an entrepreneur faces in 2011 … and doubly so “NOT knowing what kind of tax structure and regulations (let alone economy) will be facing a small business in the next decade.

Isarithmic depiction of the U.S. two-party system

Posted By on September 19, 2011

This was posted in late 2010, but I found the tracking of our two-party voting pretty interesting sped up over time. While trying to remember my American history, it is interesting to watch the political swings in ideology over the years. The swings between too much centralized government and regulation … and unregulated capitalism has the political winds blowing politics from red to blue and back again as the United States faced extremes on either side. One would think “we” it wouldn’t bee all that difficult to find the correct balance between the heavy hand of a central government and the boom and bust swings if greed is left unbridled.

Here’s a bit about the above video:

Isarithmic maps are essentially topographic or contour maps, wherein a third variable is represented in two dimensions by color, or by contour lines, indicating gradations. I had never seen such a map depicting political data — certainly not election returns, and thus sought to create them.

There is a trade-off between an isarithmic depiction versus a choroplethic depiction, in which a third variable is shown within discrete political boundaries. Namely, that though a politically-delineated presentation better facilitates the connection of the variable of interest to the level at which it was measured, the superimposition of geographically arbitrary political boundaries may cloud the existence of more general regional patterns.

Election-year maps can be seen in a slideshow here (and compared to the three-color choropleth maps here). The isarithmic depiction does an excellent job of highlighting several broad patterns in modern U.S. political history.

First, it does a good job of depicting local “peaks” and “valleys” of partisan support clustered around urban areas. In the 2008 map, for example, Salt Lake City, Denver, Chicago, Miami, Memphis, and many other cities stand apart from their surrounding environs, highlighted by a relatively intense concentration of voters with distinct partisan leanings. In 1980, this method shows that though Reagan enjoyed broad support in California, the revolution was not felt in the Bay Area.

Comparison of these maps across time also underscores well-known political trends, but offers more resolution than state-level choropleths and greater clarity than county-level choropleths. Note the nearly inverted maps for 1924 and 2004, between which elections the Solid South went from solidly Democratic to solidly Republican. Interestingly, though that particular regional pattern has been remarkably consistent since 1984, the South favored a Democratic candidate as recently as 1980.

These patterns over time are even better observed in motion. Interpolating support between elections, I have generated a video in which these maps shift smoothly from one election year to the next. The result is the story of 20th century presidential politics on a grand scale, condensed into a little 0ver a minute of data visualization.

This animated interpretation accentuates certain phenomena: the breadth and duration of support for Roosevelt, the shift from a Democratic to a Republican South, the move from an ostensibly east-west division to the contemporary coasts-versus-heartland division, and the stability of the latter.

More broadly, this video is a reminder that what constitutes “politics as usual” is always in flux, shifting sometimes abruptly. The landscape of American politics is constantly evolving,  as members of the two great parties battle for electoral supremacy.

Appendix on creating the visualization

Using county-level presidential returns from the CQ Press Voting and Elections Collection, I associated each county’s support in a given election year for the Democratic and Republican candidates with an approximation of that county’s centroid in degrees latitude and longitude, using the shapefiles loaded with the package mapdata.

I then used simple linear interpolation to create a smoothed transition from election-to-election, creating 99-interelectoral estimates of partisanship for each county. Using a custom function and the interp function from akima, I created a spatially smoothed image of interpolated partisanship at points other than the county centroids.

This resulted in inferred votes over the Gulf of Mexico, the Atlantic and Pacific Oceans, the Great Lakes, Canada and Mexico — so I had to clip any interpolated points outside of the U.S. border using the very handy pinpoly function from the spatialkernel package.

Finally, I created a custom color palette, a modification of the RdBu scheme from Colorbrewer, using colorRampPalette(), and plotted the interpolated data along with state borders using the excellent ggplot2.

I would like to note that I would have preferred using the Albers Equal Area Conic projection, but settled on the default Mercator projection, as drawing the Albers map with ggplot2 was prohibitively time-consuming, given that I was generating 2,201 individual frames.

From the blog of David Sparks

Netflix splits streaming and DVD business – CEO says he messed up

Posted By on September 19, 2011

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After talking with a few disgruntled NetFlix subscribers (and ex-subscribers) this morning, I can attest that I’m not the only one thinking “spin-off” after CEO Reed Hastings relays the news that their new DVD-by-mail service will be a dying “wholly owned subsidiary” being called Qwikster.

Netflix Inc. Chief Executive Reed Hastings said in a blog post the company is separating its movie-streaming business and its DVD-by-mail service, to be renamed Qwikster, a move he said was the undisclosed impetus for a recent price increase that nflx110919outraged customers and sent the company’s stock price plummeting.

According to Mr. Hastings, he “messed up” when making changes to the existing subscriptions … which angered many users and shareholders alike. (NFLX stock declined from $300/share to nearly half the July 2011 high in 2 months).

Two months ago, Netflix said it would change its pricing structure so that its by-mail and online offerings were essentially sold separately, each starting at $8 a month. Previously customers who got movies by mail and online paid less for the combination than the offerings cost separately.

The change effectively raised many subscribers’ monthly charge by 60%, to $16 from $10. Last week, in light of negative reaction to the price increases, the company cut its subscriber forecast by 1 million, or 4%. In response, Netflix’s share price plummeted 19%.

Read more

Here’s the email letter broadcast to NetFlix subcribers:

netflixletter

Number of uninsured motorists one more sign of economic downturn

Posted By on September 18, 2011

Just a quick post to check the richc.posterous.com to MyDesultoryBlog.com … all should be well after the update. The article below hit home since we once had to deal with an accident from an unissured and “unlicensed” driver. Not good … and the economy is not helping.

Sixteen percent of Ohio drivers don’t have insurance, a number that has climbed during the economic downturn.
The estimate is higher than the national average, where it’s expected that 13.8 percent, or one in seven drivers were uninsured in 2009, the most recent year of data available, according to the Insurance Research Council.

Posted via email from RichC’s posterous

My Desultory Blog returns this weekend and a Roku2 XD

Posted By on September 17, 2011

After a few days off after arguing with my “previous” web hosting company in serving up my blog, I’ve moved the 12 gigabytes of files and content over to a new server. The task was not made any easier by my 6 years of linking photo, video and embedded content from a variety of places. Much of the fault was of my own making, but some due to accounts being terminated, etc. Nevertheless, I’m back up and running for the most part and all but one domain is completely under my control … roku2xdboxthe registrar switch should still take a few days but this shouldn’t impact included content. Whew … glad to have been forced to get this done.

A new gadget, the Roku2 XD Internet to TV content streamer, came in today and I’m looking forward to hooking it up this weekend. The main reason for the box is that it might be small enough to work on the sailboat and stream content to the TV screen. The plan is to be able to use either the marina wifi or possibly a 4G cell connection to watch a movie or streaming TV programming. At home, I’m looking forward to the new GBTV.com Internet only subscription broadcast. I suspect we’ll be seeing more traditional content being “self-published” in this way just as authors have adopted electronic self-publishing. A full report on the Rodu2 device to come.

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