• Professor Elam

    Tuesday Nov 23 2010

    Aggie Football player I regret that most of you have not attended a UT A & M Football Game in Person, it dwarfs any Roman Colisuem spectacle. UT has Bevo, the cowboys, the Silver Spurs, the huge band, cheerleanders that make the Cowboy Cheerleaders want to show up in their sweats, and

    A & M has, well, spirit, sorry I was a UT Grad. I have never quite gotten over the all male  Aggie cheerleaders of the 1960s.

    But as they say this time it is different, A & M has squeezed into the top 20 and UT was down four in a row, whipping mighty Florida Atlantic 6-3

    And the nod it so the Aggies, and in Austin no less, geez,

  • Professor Elam

    Tuesday Nov 23 2010

    Those of you contemplating the spring trip to Ireland might start reading  up on what you are likely to find on your arrival in the Emerald Isle. Mish lays out the facts, why make the Irish citizens pay for the mistakes of their bankers?

     

    Ireland's Reckoning at http://www.businessweek.com is highly recommended reading. Ireland simply lent every one who asked the money they wanted, now empty properties adorn the landscape. Gee sounds like NV, CA FL AZ to me!

  • Professor Elam

    Tuesday Nov 23 2010

    Pritchard Evans suggests a couple of alternatives for a Euro solution. Either flood the market with cheap currency ala Bernanke or Germany cuts the weak sisters loose and joins the Dutch in a more stable Euro arrangement. 

    Class, the problem here is not bailing out the specific countries of Greece then Ireland then Portugal then Spain but the problems of everyone in the Eurozone that is holding the debt of these countries, they do not want to go bankrupt. 

    Again it is worthwhile to read outside your own country for perspective. 

  • Professor Elam

    Monday Nov 22 2010

    We are in a parallel of 1968-1982. That was a time of protest movements. The TSA has provided  the perfect opportunity for everyone FED UP with their tactics to protest, such protest are already under way or should we say under wear.  Click the link to read that one protestor stripped to his Calvin Kleins rather than be patted down. 

     

    Not so long ago I recall an e mail going around which had obviously been photoshopped, everyone at the airport was standing in line in his or her underwear, well reality trumps photoshop. In the link you will note a country singer has already parodied a song to the tune of get me thru the night. 

    AS this review notes, most of you have not heard 18 minutes of Alice's Restaurant.

    It launched the career of Arlo Guthrie, son of Depression Era singer Woodie Guthrie and here we are in a Depression Again!  

    Picture 11
    At any rate in today's WSJ the TSA announces that the pat downs and intrusions will continue. America just ousted over 60 Reps from Congress, America is not happy with WAsh DC. This idiotic waste of time and money at airports is the perfect foil for a right wing protest. And with Thanksgiving Day coming up, airports jammed, imagine 30 or forty middle aged protestors striped to their Calvins, having alerted the local TV station, well, that is not a prediction but…

    I just returned from Chicago last week, the TSA set up is absurd, it will not catch a terrorist who will certainly do something different next time. More rear view mirror from the FEDS. 

    We are to the point that the US is being parodied and ridiculed by Canadian humorists.

     

     

  • Professor Elam

    Friday Nov 19 2010

    Dell ranked customer dissatisfaction according to what that might cost Dell. This was the response rather than fixing improper semi conductors that caused failures in optiplex computers. Gee once Dell was the size of Ford or GM they act like Ford or GM. Dell's defense was the usual, no one else recalled them either, but apparently Dell continued to install parts known to be defective. All this came out in an unsealed lawsuit. Gee any wonder Dell trades for less than 15 bucks, sells at WMT, and there are calls for Mike Dell to step aside. 

    Once again ethics takes a back seat to profit. I don't know if my Dell laptop locks up due to the computer or the 'we will fix it on the next update' MSFT operating system, note that both companies stock price has gone nowhere for years. Meanwhile Apple has soared to $300. Gee I wonder why. 

  • Professor Elam

    Thursday Nov 17 2010

    Most folks get interested in history a bit late in life, I suspect that most readers of 1776 were over forty. It takes a few decades before it dawns that people go on and on doing the same things over and over with pretty much the same results, and that is what finally sparks an interest in reading history. 

    Picture 1 ON the Beach airs at 9 PM tonight on Turner Classic Movies. The movie was pretty faithful to a a best selling novel by Nevil Shute about a world wide nuclear holocaust. This was the subject of many movies and books in the 1950s. The memory of how WW II ended was alive and gee those pesky Ruskies had the bomb, what if some nut case hits the button and then all these things start flying?

    This is the opportunity to see some famous actors from your grandparents day. Peck was  quite the leading man in films like Moby DIck and To Kill a Mockingbird,probably his most famous. Ava Gardner is showcased in The Aviator as the gorgeous gal in Howard Hughes; life, she later married and divorced Frank Sinatra. Fred Astair made his mark as  the most famous dance partner of Ginger Rogers in the glamorous musicals of the 1930s. The extravagance of those shows was intended to take the public's mind off the Depression. Anthony Perkins later played the creepy killer in Psycho.

    But, the story here is all about what if. Peck plays a surviving submarine commander in search of survivors in Australia, but the nuclear cloud moves around the earth and….

    Happily the two superpowers did not blow one another up, if you have not seen the ultimate parody, Dr. Strangelove, put that one on your list as well. But we of course still face the reality of smaller disasters. 

    Watching the film will give you a better understanding of the worries of the Cold War. 

    I was probably the last generation  of the great middle class to experience what a real university was all about, film festivals, affordably  low tuition which did not require exhausting work schedules, the Greeks, etc. Back then we had film festivals on campus, and actually sat around and discussed what the movies meant afterwards. Too bad that only happens on TCM these days. But at least Alec Baldwin and Roger Osborne do a pretty good job with The Essentials on televison. 

    Funny how one conversation, one meeting more or less, one encouraging wink or smile can change an entire career path. After an undergrad major in Finance, I was a bit bored writing papers on the Italian lira and such. I visited with a professor in Radio Television Film about a graduate degree in RTF. He wanted to see my films and poems, of which of course I had none. Recall that VCRs had not been invented in 1970. Making a movie required tedious film work and mechanical editing.  He called back later, angry I had not returned with those in hand. Oh well, on to graduate business school. The technology was pretty intimidating back then, the equipment was the money barrier to the field. Now however digital tech and low priced cameras has made everyone a speilberg on You Tube. That was then this is now….

  • Professor Elam

    Wednesday Nov 17 2010

    QE II is explained in this sort of animation. It is right to the point, when I viewed it over 500,000 people had done so. IN the internet world everyone has a voice. This voice satirizes the entire QE II process.

    Thanks to alert student Adam Hayes for this link!

  • Professor Elam

    Tuesday Nov 16 2010

    Mish reports that China has ordered, no surprise, its own airplane, the equivalent of the Boeing 737. Now that we have given the Chinese the technology, they are using it to produce their own knock offs of our products. Given my experience with chinese socket sets, I am not sure I am ready to step to a three dimension airplane, but, the point here is that as Mish says, Obama is dreaming on doubling US Exports. And his job killing regulations and requirements like health care finish off any chance for that. Oh and first up on the buyer list, Obama supporter GE, thanks Jeff. 

  • Professor Elam

    Tuesday Nov 16 2010

    Even as recorded-music sales have plummeted, the Beatles have remained one of the most reliable franchises in the business. In 2009, 39 years after breaking up, they sold the third-highest number of albums of any act in the U.S., according to Nielsen SoundScan, with 3.3 million copies sold.

    EMI, the parent label for the Beatles, was the subject of another foolish buyout by a hedge fund, and now of course, there is too much debt. But the good news is for music lovers who can now pick and choose among the Fab Four favorites, link below but by the time you read this it will be everywhere. 

    For younger readers it is hard to describe the incredibly impact of

    Picture 21 the British Invasion in the mid 60s knocking off groups like the Beach Boys and imitating classics like Elvis and Carl Perkins and even Chuck Berry. There was a host of other British groups notably the Rolling Stones who still sell out concerts to this day. But what about Peter and Gordon or the Dave Clark Five, cute but not the Real Music Deal. 

    Amazon provides this overview

  • Professor Elam

    Sunday Nov 14, 2010

     On October 24, 2010 I made the socionomic observation that UT Football Coach Mack Brown had thrown a temper tantrum. He said his team make that the UT team, 'stunk.'  What happened is that the team and then the coach, (or was it the other way round?) experienced a downturn in social mood. I was not there so I cannot say which happened first. But the result is clear. Each party has turned more negative since. The result has been four straight losses to Iowa State, Baylor, Kansas State, and now Oklahoma State. The result of course of the negative mood at UT is reflected in the 'we can do this' mood of their opponents. the negative social mood of UT has offered a positive opportunity for the other team. Indeed news reports have at least two teams commenting, no one in our ( the team playing UT) locker room thought we would lose. 

    For some reason the social mood at the Dallas Cowboys has likewise turned down. For the first time, the owner fired the coach, Wade Phillips, in the middle of the season. Jones' first inclination was probably correct, a change would be worse than no change, but  reflecting his ambivalence and indecision, Jones fired him anyway. Hmm, now that I think about it social mood at Dallas probably peaked with the completion of the new $1 B +stadium coupled with snagging the next Super  Bowl. The fact is that nothing could top those two events and sure enough that is what has happened. No doubt many will cite the overbearing nature of Jones and his dominance of all that happens with the team. Yet even that dominance waxes and wanes, the team still swings from success to disappointment to success again to disappointment again. Jones can change all the coaches he wants, until the social mood of the team changes, things won't improve.