Strong technology pushed the stock market higher

Posted By on June 15, 2010

After dipping below the 10,000 mark for early June, the Dow Jones Industrial Average soared 213.88 points, markets100615or 2.10%, to 10404.77 today breaking out of the closely watched 200-day moving average. The S&P 500 was also up 2.35% seeing every sector moving in the up direction. The biggest gains 2.76% were over at the Nasdaq, where positive earnings from Best Buy citing notebook computer sales were strong. Unfortunately the good news for the overall market wasn’t good enough news for Best Buy shareholders as trader expectations were for even better sales, hence BBY shares tumbled 6.1% to 38.56. There’s a good reason the trader saying, “buy on the rumor and sell on the news.”  (POLL BELOW or on TwtPoll)

For the year, the S&P has inched into positive territory by 0.13 point, whereas the Dow moved to within 24 points of its 2009 year end finish. For those long in the market, we need the recession to confidently be over … is it?

Testing Brightcove Embed: Rasmussen Reports – Alternative fuel

Posted By on June 15, 2010

With so many video embedding options, I wanted to see how well the established Brightcove video works in my WordPress install. The clip below is from Rasmussen Reports which gathered opinions on buying alternative fuel cars and dealing with our insatiable appetite for petroleum. Interesting results.

Prominent King of Kings – Touchdown Jesus statue destroyed

Posted By on June 15, 2010

The strong storms which passed through southwestern Ohio Monday evening dumped heavy rain and lightning all around our home (see video clip from Palm Pre at bottom). The pool is full to overflowing and the water retention area  overflowed the driveway and patio areas. Thankfully our two sump pumps worked well to keep our basement dry. Other homes and areas were not so fortunate.

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Lightning also took its toll on a prominent landmark in front of the Solid Rock Church in Monroe Ohio which turned the heads of many a passersby along interstate 75 between Dayton and Cincinnati. The statue, King of Kings, “was” a 62-foot high sculpture of Jesus with His hands raised; timhunter_tdjesus100615 it was commonly referred to as “Touchdown Jesus” or dubbed “Big Butter Jesus” by comedian Heywood Banks. The fire started after the statue was allegedly struck by a “thunderbolt from the heavens,” (social networking sites enjoyed posting updates) and the statue constructed of wood and styrofoam surfaced in fiberglass erupted into a fireball. The thick smoke, according to reports, also did damage to the Lawrence Bishop Music Theater east of the statue. The fire department arrived before midnight and extinguished the flames in about an hours leaving only the skeletal steel beams standing.

At dawn, commuters gawked as they drove by … including my wife and friend Tim who snapped a photo (thanks … but next time without the sign post please).
😉

Water as windshield wiper fluid and Legionnaires’ Disease

Posted By on June 15, 2010

This bit of automotive news is eye opening …

If you use standard tap water in your windshield washer fluid reservoir instead of a cleaner, you may have effectively turned your vehicle into a biological weapon. Sure, that sounds cool and all, but according to BBC News, the only person you’re going to be hurting is yourself. As it turns out, using plain water can cause the washer fluid system to become a breeding ground for Legionella bacterium – the same nastiness that causes Legionaires’ Disease and pneumonia. Spray your windshield and the bacteria becomes airborne, allowing it to easily enter your lungs and wreak havoc with your immune system.

Researchers discovered the hive of scum and villainy lurking under the hood by attempting to discern why professional drivers were five times more likely to become ill than their amateur counterparts. After a little scientific sleuthing, the lab coats unearthed the bacteria. So do the world a favor and top off your windshield washer fluid reservoir with some sort of purpose-built cleaner. The stuff will kill the infection-causing bacteria and will keep the fluid from freezing in the winter. Not bad for 99 cents a gallon. Thanks for the tip, Kris!

[Source: BBC News | Image: williac – C.C. License 2.0]

Posted via web from richc’s posterous

Personifying BP and the disaster in the Gulf of Mexico

Posted By on June 15, 2010

BP’s CEO Tony Hayward can’t win for losing … no matter how he handles the aftermath of the oil spill (particularly since the oil is still spewing). Like it or not, Mr. Hayward is the face of the spill and the face of BP. He will continue to rightly shoulder the blame, the frustration and the anger of those his company harmed.

tonyhayward

BP took questionable shortcuts which lead to the oil rig accident and the fault is squarely on those “hired” to manage the company … starting with the CEO. I’d love to point fingers at the bureaucrats that are charged with oversight, but frankly the fingers need to be pointed at the company, its decision-makers and shareholders who caused the disaster. I’m not an advocate to run BP bankrupt or boycott their product as doing so would mean another taxpayer bailout of the Gulf Coast … but BP dollars/pounds needs to take care of those it harms before paying dividends to the company owners (shareholders). Besides the disaster and deaths associated with the rig explosion, BP and its management deserve the blame for lax follow up and damage to the environment and the people of the Gulf Coast – the Obama administration hasn’t been stellar in this regard either.

So, voluntarily do the right thing BP and accept the criticism no matter how heavy handed it seems … and take care of your mess before any hefty salaries, bonuses or dividends are paid (see Bloomberg/Businessweek).

2011 Volkswagen Jetta: Revealed

Posted By on June 14, 2010

Fully redesigned 2011 Volkswagen Jetta is set to go on sale in October.
Volkswagen says pricing will start around $16,000. It features best-in-class rear legroom thanks to a longer wheelbase.

From Insideline.com:

HERNDON, Virginia — Information and pictures of the fully redesigned 2011 Volkswagen Jetta leaked onto the Internet today ahead of the car’s official premiere set for tomorrow in New York City.

According to Volkswagen, the new Jetta measures 182.7 inches long, 57.1 inches tall and 70.1 inches wide. The overall length is 3.5 inches longer than the current model, which results in an unspecified increase in the Jetta’s wheelbase.
The engine lineup will remain largely unchanged. For now, Volkswagen has only confirmed the 2.0-liter TSI and 2.0-liter TDI engines that are currently used in the Jetta. Manual transmissions will be standard across the board and a six-speed DSG will be optional on the 2.0-liter engines.
There will be five versions of the Jetta in the U.S. — S, SE, SEL, TDI and GLI. Sales are expected to begin in October, with pricing set to start around $16,000, according to Volkswagen.
http://www.insideline.com:80/volkswagen/jetta/2011/2011-volkswagen-jetta-revealed.html

Posted via email from richc’s posterous

Rep. Etheridge D-NC: How to “not” handle public relations

Posted By on June 14, 2010

One has to wonder what would happen if someone manhandled Congressman Bob Etheridge in this way?

Posted via email from richc’s posterous

Audi TDI diesels take one, two & three at Le Mans

Posted By on June 13, 2010

audilemanstdis

When it comes to endurance, it is hard to top a diesel engine, a fact know by truckers, commercial equipment owners and a few fortunate automobile owners. The endurance fact was once again reinforced by Audi R10 TDIs Audi R15 TDIs winning their ninth Le Mans 24 Hours race this weekend – dominating and taking spots one, two and three. Interestingly they started the race behind the Peugeot vehicles (also diesels this year) which took all the top spots in time trials and began the race as the favorite. Unfortunately for the Peugeots, top speeds don’t always figure in to a 24 hour endurance race like the Le Mans. German engineered Audi diesel out performed their rivals by finishing the race with an average speed of 220 kilometers an hour (~137 mph) making it one of the fastest Le Mans in history.

For Peugeot, after setting the fastest lap times, the defeat was humbling since they were favored to win, yet had mechanical issues preventing their cars from even finishing the race. Audi on the other hand, improved their diesel entries over last year and had practically no mechanical problems reinforcing both the superiority of German engineering and diesel engines when it comes to endurance.

And so it is that Audi won its ninth Le Mans 24 Hours race, equaling the result of Ferrari. The winning car was driven this weekend by Timo Bernhard, 29, a German; Romain Dumas, 32, a Frenchman; and Mike Rockenfeller, 26, another German.

Shortly before the end of the race, Wolfgang Ullrich, the director of the Audi team, told Eurosport the secret of the victory.

“We were confident that the cars would be reliable and last the 24 hours,” he said. “We knew we were not as fast as the Peugeots, and I told the drivers to drive fast, but without taking risks.”

Allan McNish, who drove the Audi that finished third, said the team was surprised, delighted and a little let down.

“We didn’t believe we would be able to do a one-two-three, that’s for sure,” McNish said in a television interview, adding. “We didn’t like to see the Peugeots go out like that — I like to fight to the end.”

But for the spectators who watched the race over 24 hours, it was one of the biggest upsets in decades.

LINK

Happy belated 21st Birthday to my son Taylor

Posted By on June 13, 2010

h21bday_taylor We took my son Taylor out  to celebrated his 21st birthday at Joe’s Crab Shack on the river in Cincinnati on Saturday, a couple days after his actual birthday (June 10th) – remembering my daughter’s with her friends 3 years ago.
🙂
His friends celebrated with him on “the day” going to Oxford Ohio (Miami University) for the official celebration. I don’t ask for too many details, perhaps because I’d rather not know exactly “how” they actually celebrated.

Thankfully all survived the party … although an accidental look at Facebook had me wondering what went on?

skylineupchuck

Abby Sunderland safe on Board Ile de la Reunion

Posted By on June 12, 2010

In following up on the teen sailor Abby Sunderland, I’m including a post from her blog — a note from her parents confirming her rescue onto a French fishing vessel. They thanked all those involved in their daughter’s rescue and in coming to her aid so quickly. Although I flip-flop on expecting someone to risk their life to rescue distressed recreational sailors, in the end I’m glad they are willing to do so. Now paying for it, that’s another discussion — who should pay?

Saturday, June 12, 2010

Abby Safe on Board Ile de la Reunion

Abby was safely transferred to the French fishing vessel Ile de la Reunion in the early hours of our morning. Fortunately, the weather had calmed down enough that a dinghy was able to be dispatched for Abby to climb into and to bring her close to the 100′ steel vessel.We were able to speak to Abby very briefly once the transfer was complete. She sounded tired but good. She had a good sense of humor but was clearly in the early stages of coming to grips with everything.

We don’t have much more info at this time. The Australian Maritime Safety Authority’s Rescue Coordination Center is working with other ships in the area to determine another transfer to a vessel that will either bring her north of Mauritius to the island of La Reunion or east to Perth, Australia. Either way, it will likely be several weeks before Abby is back home in California.

We would like to give our immeasurable thanks to all of those involved in Abby’s successful rescue. Especially to the authorities, both national and international, that have worked together to successfully conduct this rescue. These include MAMSA RCC Australia, Maritime RCC La Reunion, Qantas, WA Police, Fire and Emergency Services Authority of Western Australia, Defence and the three ships which are responding. Their professionalism and the great value that they placed on Abby’s life has been a gift to us that we can never repay. Thank you for caring for our daughter as if she were your own, for answering all of our many questions cheerfully and completely and for going above and beyond our wildest expectations to keep Abby safe.

We are not certain what will happen to Wild Eyes at this time. It is highly unlikely that she will be able to be saved. As we told Abby this morning, she is the most valuable piece of ‘equipment’ on that boat. The loss of Wild Eyes will be felt deeply by Abby who poured so much blood, sweat and tears into her and who has been, in a sense, one with her for many months now.

Godspeed Abby as you make your way home! We love you!!!

Mom, Dad, kids and the rest of Team Abby

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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