In the post I did last night, I mentioned how “the new form of segregation is wealth distribution.” Well, the very next day provides us with a superb example of what I’m talking about. In the short clip below, you see a Google employee (who is very well-paid and, as all other San Francisco-based Googlers, whisked comfortably, for free, in a private bus each day from San Francisco to his company half an hour away) in a shouting match with a woman who is part of a protest of all the rich high-tech types that have taken over SF. He slips early on by revealing his true feelings, proclaming that “this is a city for the right people” (which means guys who are rewarded salaries well into the six figures straight out of the “right” college.) With Twitter nailing a new high today, the “right” people are more “right” than ever. (more…)
It’s not an act. I promise you that.
As I walked through the mall in Tempe today, my face couldn’t mask the feelings of discomfort and mild horror. I’m not making this face to be cute, or funny, or because I’m being filmed. It isn’t for effect. I really, really feel this way. (more…)
I have spent the weekend in Chandler, Arizona, a suburb of Phoenix (and, evidently, home of the annual Ostrich Festival which, appealing as it sounds, is not the reason I am here). Whenever I travel somewhere, I like to notice what stands out about the place. Since this is only a 90 minute plane flight from San Francisco, it’s not exactly an enchanted, other-worldly place, and there’s plenty of “Generica” all around (Best Buy, Starbucks, Yogurtland, and so on). But there are a few things I’ve noticed in my short time here: (more…)
I am presently zipping a little over five miles above our little planet, heading to the Southwest for – you guessed it – a fencing tournament. They have WiFi on board, and as I have a full weekend of driving kids from event to event, I wanted to at least get a post out while I had the chance (oh, and outside contributors, I encourage you to put up a post; I could use the help!) (more…)
Back in 1979, I laid hands on a personal computer for the first time in my life. It was a Commodore PET, and the forward-looking math teacher in my middle school had arranged for the purchase of a few of the machines. (more…)
Grrrrrrr. I hate what this market has done to me. I was looking at the ridiculous “bad news is good news” ramp this morning, and I was staring at ths SPY thinking, “OK, this is the most obvious short set-up in the world. Only a moron wouldn’t short this rally.” But I decided to be a moron and do nothing. And, bang, as God intended, it is falling apart. Reality is starting to enter the market again, people. Set-ups that look good probably are good again. The Fed is starting to lose control, bit by bit. In the end, we’re going to win. But we can’t win unless we’re willing to step up. (more…)