Seahawks down, but not out

After a 20-10 loss to the Tampa Bay Buccaneers many porch light fans are screaming bloody murder, however all is not lost in Seattle. Going into the game many predicted the season was resting on the hands of the outcome. I disagree. Senaca Wallace started in place of injured Matt Hasselbeck, and Deion Branch was out due to a calf injury. Any person who can call himself (or herself) a die-hard fan, knows that the hawks have been decimated this year at the receiving core position. Seattle has started a record nine different receivers this year, and has gone so far as to sign former number one pick Koren Robinson. The reception leader so far has been tight end John Carlson, a second round draft choice out of the University of Notre Dame. Meanwhile the defense is letting up an average of 27 points per game. The same defense many believed would be one of the best in the NFL, if not the best in the NFC.

The defense is not at fault, nor is the offense. The offense can’t score, or even keep the ball, due mainly to injuries and lack of repetition. What team would you expect to score with a third string followed by a second string QB throwing to backup WR’s that have no professional experience? This gives opposing teams a time of possession advantage. That advantage turns into more points scored by opposing offenses, and more time spent on the field by Hawks defenders.

Its easy to say that the Seahawks are off to a 1-5 start. Its also easy to say that what most people believed to be a top ranked defense is allowing 27 points per game. But whats most important, is that its easy to remember that the NFC west is weak. The Seattle Seahawks still have 2 games against the NFC west leading Arizona Cardinals. Matt Hasselbeck will return. The receiving core will only get better with experience, and the return of veterans will improve the offense. The defense will stop opposing teams from scoring once the offense is healthy, and Qwest Field will remain the loudest stadium in professional football.

Seattle is definitely down, but don’t count the hawks out yet. Every year a team finds its legs in the second half of the year. This year it will be the five time defending NFC west champions. Coach Mike Holmgren will not go out without a fight, and he will not let the 12th man down.

Confidence gains translate to stock market

Stocks today rose more than 900 points after investor confidence was boosted by Mitsubishi UFJ Financial Group Inc's $9 billion investment in Morgan Stanley. Morgan Stanley soared 87 percent as a result. Also a government plan to buy stakes in banks and a Federal Reserve-led push to flood the global financial system with dollars helped fuel the largest single day advance in more than 70 years. A 2.3 trillion dollar plan that dwarfs the U.S. bailout plan helped investor confidence as well.

According to Bruce McCain of http://www.bloomberg.com/ and an investment strategist at Key Private Bank in Cleveland, "The worst of the immediate danger is past, it's always easier when you've got markets going up and you're not having to talk clients back in off the ledge.'' On the flip side however gas prices rose as oil demand was expected to increase, and the dollar fell more today than it has in three weeks against the euro.

Today's gains not only restored a shaken vibration on Wall Street, but also restored a piece of mind in the average American, reassuring that a system is in place that has been successful, and will continue to be successful. We have a long road to recovery ahead, but the hole is not as deep as it was before. Progress is the key.

...and that has been Established.

Red River Rivalry

A back and forth contest, the loser knowing their hopes for a birth in the BCS Championship were all but gone. Grit, determination, heart. The Cotton Bowl. #1 vs. #5. A classic state rivalry, and we couldnt of asked for a better game. Except the referee's forgot to show up. Oklahoma's first touchdown was short and should have been fourth and a foot. Two seperate roughing the passer calls, both of which were blantantly obvious acting jobs by Colt McCoy and would never have been called if the plays had happened on OU's sidelines. To top it off an overturned interception in the endzone that gave Texas a lead instead of being down and on defense late in the third quarter turned the tides. Then came Sooner punter Mike Knall's academy award winning presentation of "Whatever you can do, I can do better". A punt that would have given Texas the ball with the lead was overturned by another blown referee call. Then a fumble by Texas in the fourth quarter that would of given the ball to Oklahoma with a five point lead. Instead, Texas marches down the field and gets a touchdown. When its all said and done, the Horns take the win 45-35. Action needs to be taken to restore confidence in the Big 12's officiating staff. However in a game this important, its clear we will never know the true outcome. What could have been great, was a sham (e).

...and that has been Established.

Palm Springs, vacation living

Its incredible how a great desert in southern California could host such a paradise. Palm Springs is a green mecca in the center of unlivable scorching surroundings. My first visit years ago introduced me to the city. Spending a couple days exploring, you'll soon discover that the "strip" is unlike any other downtown area. Populated by mostly tourists, the shopping district is lively and entertaining 7 days a week. Restaurants are glamorous and surprisingly affordable, and entertainment is everywhere. Outside of the city are the Little San Bernardino Mountains to the north, the Santa Rosa Mountains to the south, and the San Jacinto Mountains to the west. Joshua Tree National Park is also within driving distance for a day of fun. Hiking and camping are everywhere, as is some of the best golf courses in the nation.

Not only is this a great place to visit for all these obvious reasons, but Palm Springs is a great place to live for many others. Affordable housing, a growing economy (yes I just said that), and 354 days of sun on average greet those who call the area home. World class theatres and shopping centers, its hard to see why anyone would leave. Some say it gets too hot. (The temperature can reach and stay 115 degrees for several months during the summer.) However the way I see it, any other city has its cold spells that you need to stay inside for, here you have a warm spell that is easily cured by a/c that is found everywhere. Plus, whats not to like about an average temperature of 70 degrees in December? Palm Springs has my vote, and I will be calling it home come this January.

...and that has been Established.

Lessons from the 1929 stock market crash

In October 1929 shares on Wall Street fell sharply following a speculative boom during the "Roaring Twenties". In two days the Dow Jones industrial average fell by 25% (ending on Black Tuesday, 29 October). The volume of stocks traded set a record that was not broken for 40 years. When it finally reached its record low in July 1932, the Dow Jones had fallen 89%, and it did not recover to 1929 levels until 1954.

Debates continue over the causes of the Wall Street crash. With stocks rising four-fold over the previous decade, it had all the characteristics of a bubble, with stocks in new technologies like radio leading the way up. Speculation among stocks was intense in 1929 with lax regulation and few rules on insider trading, dealers were also able to "ramp up" shares, and holding companies built up positions in other companies without putting up any equity of their own. Individuals were also able to buy stocks on "margin" by borrowing the money against their other share holdings. Finally, political considerations - including Congress passing a highly protectionist tariff bill - also spooked the market. The central bank, the US Federal Reserve, had also held interest rates unusually low for several years in order to aid the UK Sterling, which had returned to the gold standard.

The Wall Street crash corresponded to a sharp decline in US economic output, which eventually spread around the world. The US economy shrank by a third, and unemployment reached 25%, with many more workers on short hours. In addition, the US banking system had seized up completely, and the first act of the new Roosevelt administration when it came to power was to close all banks for two weeks while Federal inspectors examined their books. With no unemployment benefits or government help, the sharp fall in workers' income had a big effect on consumption and lead to a negative spiral of more factory closures. Most observers believe that economic policy-makers made the economic downturn worse by adopting tight money policy and balanced budgets as the crisis worsened. International trade also shrank as the US went off the gold standard and erected high tariff barriers to prevent foreign imports.

Initially the authorities tried to rebuild confidence in markets by making reassuring speeches, with President Herbert Hoover telling Americans that the US economy was fundamentally sound. Only a shake-out of workers from industry would ultimately restore prosperity, it was argued. The crash caused serious privation for millions. Private charity was relied on to help the victims of the slowdown. Everything changed after Franklin D Roosevelt was elected president in 1932, and the US government intervened to provide unemployment relief, to stabilise markets by restricting production, to encourage unions, and to create a government system of old age pensions and unemployment insurance known as social security. However, the Roosevelt administration had less success in reviving economic growth and business confidence remained weak.

The Great Depression lingered on despite the variety of New Deal measures that attempted to alleviate the suffering of individuals by providing government jobs, welfare relief or mortgage protection. It was only the onset of World War II, when the US government finally embraced Keynesian-style deficit spending on a large scale, that the economy recovered.
US economic output doubled during the war, and unemployment vanished as women and blacks were pulled into the workforce to replace the millions drafted into the military.
At its peak, the US government was borrowing half the money needed to finance the war, while half was raised by taxes.

There are three main lessons which policy makers are applying to the current crisis.
The first is that financial markets, banks, and the real economy are interlinked, so that unresolved problems in one sector can spread to others. The second is that active and rapid government intervention to ease pressures on the economy is essential during times of real economic crisis. The slow and probably wrong-headed response of the US government and central banks in the 1930s made the downturn more severe. Lastly, there is the danger of a policy vacuum during the inter-regnum. In 1933 the US banking crisis grew much worse during the five months between the election of a new president and his taking office.
That may explain why both candidates endorsed the Bush administration's rescue plan despite some misgivings.

...and that has been Established

Clean tech gains momentum

So Yesterday I wrote about how I think the government should go about fixing this hole we're in. This great new idea called Clean Tech. The next generation, it is now being called possibly the best thing for business and the economy since computers. Computers! Yeah, well you heard it here first, but today Barack Obama said "Clean Tech could be as big of a growth engine as computers were during the past few decades."

So yesterday I asked how the government was going to make this happen appropriately? While that question has yet to be answered, and probobly wont be answered for months to come, its great to see some progress being made.

Now, you have to ask yourself, who would be a better president with regards to Clean Tech. Not only setting the stage for the growth of an industry, but also placing the right resources into the correct alternative energy sources. I'd say democrats would spend more money on this "future" right now and in the long run, while republicans would be a little more patient, researching the American publics desire for specific resources to fund. Its a toss up. But you heard it here first.

And that has been Established.

Bush nearing nuclear trade with India

George Bush was in talks today, ready to sign a deal with the president of India. The deal would give India key ingredients of nuclear technology, fuel, and reactors in exchange for safeguards and U.N. inspections at India's civilian, but not military, nuclear plants.

Im sure there is more to this story to come, and will be posted as it arrives.

...and that has been Established.

World coordination too little, too late.

In an effort to stabilize a shattered economy, governments throughout the world joined forces today in a rare coordinated effort. The Federal Reserve reduced its key rate from 2.0 to 1.5%, The Bank of England and European Central Bank announced similar cuts, as did banks from Canada, Sweden, Switzerland, and China. The Bank of Japan even stepped up in saying they supported the move.

Now I don't know about you, but I'm happy to see that lending just got a little cheaper. This is something we need right now. Hopefully now normal people will have a little more money via credit that was previously almost frozen.

Now the flip side, this, along with the bailout bill of last week, is not enough. For all our sake I hope our government knows that. An interesting conversation that I had with a respected friend brought up a possible solution. CleanTech. This almost deserves its own post, and possibly it will in the near future, however the basis is that normally if you want to create more jobs you invest in infrastructure. CleanTech is much more than just an infrastructure, it is a path to the future. To be more specific it would be the government funding considerable growth and expansion in clean technologies and renewable energy. More jobs equals more money earned, more money earned equals more money spent, more money spent equals more business success. Now, where is the government going to get all this money needed to fund such a large project, a project not just the size of a few cities, but one that would really help end our dependence on foreign oil? This is where I'm expecting a few cries, but my idea would be to divert money being spent on the war to a massive grant to fund our future.

Now imagine if the countries of the world started funding renewable energy on a large infrastructure scale. That might do a little more than a temporary band-aid to cover a gaping wound they're calling the latest cut in rates.

...and that has been Established.

Creation of the Established Territory

First of all, this blog is biased. It is full of my own opinions, and in respecting that I would expect any responses to be full of your opinions.

I would like to start by conveying what I stand for. Happiness. If something is fundamentally right, just do it. If it is something you want to do, make sure you get it done. If something needs to be said, say it! There are so many little things wrong with this world today, and all we can do is focus on one little fact: What we do influences the world around us. Shine your light for others to see. The brighter the world, the less little things are wrong.

Secondly, This blog will be updated daily. I expect subscribers (hopefully, and maybe eventually, if not right away). I will cover everything from the economy, to politics, sports, the environment, and any other issues facing the world. Maybe even a little religion. (There is sure to be something for everyone.)

The purpose of this blog is to get everyone activly involved in world thought, to get you to step out of your bubble of personal safety, and into conversation that builds character. I hope to see you all soon.

...and thats been Established.