Wednesday, December 30, 2015

December 30, 2015--Black Lives

After the shootings and judicial decisions in Baltimore, Chicago, and Cleveland, if you were a black person, would you think your life matters?

Tamir Rice

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Monday, October 05, 2015

October 5, 2015--Four Month's Work

Kenneth Griffin, 46, CEO of the investment firm Citadel, is worth a neat $7.0 billion.

His divorcing wife claims that last year he earned an average of $100 million a month, or $68.5 million for the year after taxes. Mr. Griffin is not denying that. And so, after just 11 years of marriage, it is going to be an expensive divorce.

Nonetheless, he has been on a real estate shopping spree.

Here's what four months of work, or $400 million in income, bought him--

According to the New York Times, in Chicago, where Citadel is based, he bought two whole floors of the Waldorf Astoria hotel. He bought the 37th floor for $13.0 million and paid $16 million for the 46th floor.

In New York this year, Griffin is purchasing three floors, totally 18,000 square, at 220 Central Park West. Still under construction, he shelled out $200 million for the triplex, a record for Manhattan. (He could have had our place on 9th Street for a lot less.)

Then in Miami Beach, he closed a deal recently for the 12,500 square-foot penthouse of Faena House (faena--"a series of final passes leading to the kill by the matador in a bullfight") for a Miami record $60 million. The condo has a media room, "great room," a 70-foot-long "infinity pool," and I assume a host  of bed and bathrooms.

Actually, the three purchases total "only" $390 million, which means he had to work even less than four months to earn enough to buy all of them for cash.

I almost forgot--Griffin also owns houses in Aspen and Hawaii.


Kenneth and Anne Dias Griffin In Happier Times 

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Friday, May 08, 2015

May 8, 2015--Mike Huckabee

Mike Huckabee--or Mike Huckleberry as my mother refers to him--this week announced to no one's surprise that he is again running for president.

There is room in the Republican clown car for him since he is literally a lot smaller than he was in 2008, the last time he ran, thanks to lap-band surgery and the pressure to look slim on TV during the years he had a talk show on Fox News. He has little chance of winning the nomination but should see a bounce in his lecture fees and at the minimum during the campaign be good for a few laughs.

In regard to that, he started off with a few zingers--

First, to differentiate himself from all other GOP candidates, while calling for cutting or eliminating almost everything else, he offered strong support for retaining Social Security and Medicare pretty much as they are. Chiding other Republicans--specifically those many no-shows in the Senate who, on the public payroll, are running for the presidency--Huckabee called for cuts in their own fat government pensions and health care benefits instead of those of more vulnerable citizens.

This was a smart move for him, considering his likely 65+ year-old base of supporters, and fits right in with the Populist passion to take regular swipes at anything having to do with government.

But beyond this, he is such a fiscal conservative (a GOP requirement) that he advocated the elimination of much of the rest of the federal government. Supporting the military--another imperative--aside. For that he wants to spend more and presumably use our troops more aggressively than he claims they are at present. Do I hear in Iran?

From his perspective I get eliminating the Department of Education--the federal role in education has for decades been a Republican whipping boy, with claims that it exists only to promulgate socialist, secular propaganda in our public schools. Of course, neither Huckabee nor any of the others tell us what they would do about various forms of student financial aid (the largest part of the DOE budget) that even Republican critics use to help them and their children pay for college.

OK so we'll figure out how to make that work. Probably through privatization--give those programs back to the banks. Who cares if it would cost billions more than at present. If the private sector is in charge, to conservatives by definition that's better than the government playing a role.

And of course, top of the list of federal agencies to be eliminated is the loathsome IRS. Even poor Rick Perry last time around was able to remember that was one to the three programs he would eliminate--he needed help with the other two. Perhaps soon he'll tell us which they are since he too is about to grab a seat in the clown car.

Without the IRS why would anyone feel compelled to pay taxes? Talk about America becoming just like Greece where hardly anyone does.

But, of course, that would be a good thing--no tax money means no federal government. Sure, Huckabee and his colleagues would have to figure out how to pay for the military and border security. Their two favorite federal programs.

Maybe we'll privatize the military. Turn it into a for-profit operation. For example, let Boeing or United Airlines run the Air Force, GM or Ford the Army, and Carnival Cruise Lines the Navy. Issue stocks and bonds to support it and peg dividends to how many wars we can drum up and  . . .

And then we could hire Blackwater to take over border security. Look how good a job they did in Iraq where the Bush administration had them provide security for American operatives. No matter a host of them were recently convicted of murdering Iraqi allies.

Do we want the CIA, FBI, NSA? If so, is it possible to privatize them? We could contract with Facebook and Google to do the electronic surveillance. For marketing purposes, by collecting big data about each of us, they are already doing a version of that.

Do we want an FDA to offer assurance that our medications work and are safe? Not if we have to spend tax money to do so. But since we do want to avoid the undue side effects of new medications (the current scary ones are enough) we could turn the FDA functions over to Pfizer and Novartis. They'd jump at the chance to fast track the approval of their own new products.

Our crumbling federal highways and bridges? Sell them to Abu Dhabi. They already have experience running the parking meter concession in Chicago so maybe we should ask them to repave our interstates.

The Government Printing Office and Mint? Turn them over to Citibank. In the early days of the United States banks offered their own currency so this would be a strict-constructionist way to manage our money 2015-style. And while we're at it, get rid of the Federal Reserve. With Citibank controlling the money supply, who needs them?

Federal Prisons? Many states have already privatized theirs so why not the U.S. government.

The airports? A perfect role for JetBlue.

The postal service? A no-brainer--FedEx is already handling a substantial portion of our packages and is venturing successfully into mail service. So let's turn the rest over to them.

And of course we should sell the national parks to Disney. That's an easy one. Grand Canyon Land. Yosemite World. Love it! Now if Disney would only add a water slide at Old Faithful and . . .


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Thursday, June 19, 2014

June 19, 2014--The Ego

The Donald is having problems with The Ego.

In Chicago six years ago, he opened his 92-story hotel and condominium. Everyone in town was sort of happy. They thought for Trump the architecture was restrained and even elegant. OK, maybe not elegant. This is The Donald after all and elegant and Trump do not go together in the same sentence. Though I just did it.

But at least it didn't look like Atlantic City, where we have the Trump, yes, Taj Mahal,  or, forgive me fellow New Yorkers, the hideously-gilded Trump Tower in Manhattan, right across from Tiffany. And, no one in Chicago wanted to say this openly for fear The Donald would get ideas, it didn't have his name--T-R-U-M-P--trumpeted on it as it is on everything else he owns, or, for a fee, sells his name.

Like the Trump International Hotel in Las Vegas or the Trump Hotel and Towers in Waikiki, the Trump Towers in Istanbul or another Trump Towers in Pune, India.

He likes alliteration.

But just this week, to the chagrin of tasteful Chicagoans, Trump finished installing a 20-foot tall stainless steel, LED-backlit P to the facade to join the T, the R, the U, and the M.

The always colorful, Mayor Rahm said, "This is an architecturally tasteful building scarred by an architecturally tasteless sign."

The tasteful people of Pune said, "Ji."

What is it with these guys?

Trump is worth $2.7 billion according to Forbes and owns dozens of buildings, casinos, resorts, and golf courses. He even owns the Miss Universe pageant for God's sake. He needs his name on everything?

The answer is pathetically obvious.

When Nelson Rockefeller was governor of New York State, he spent billions of taxpayers' dollars on new government buildings. This transformed a charming, sleepy state capital, full of historic buildings, into a version of soulless Brasilia. Some wags said Rocky had an Edifice Complex. Others, considering his private life, said it was all about his asserting that "Mine is bigger than yours."

Some say building on a grand scale and affixing one's name to what one owns is an attempt to make oneself immortal--the works will be there forever, millennia after one departs this mortal coil.

But then there is the Ozymandias problem.

Remember the lyric poem by Percy Bysshe Shelley? In my day, everyone in elementary school was required to memorize it and to ask, at that tender and innocent age, "Is that all there is?"

When contemplating the ruin of a 13th century BCE statue of Ramessesi II,  the poet writes--
And on the pedestal these words appear:
"My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!"
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away.

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