Friday, October 31, 2008
Thursday, October 30, 2008
Hey there that's Tina
She's a T wearing a tube top
and a terrific tam-o-shanter
yes, she's T number three
and I decree
her, Tim and me,
we are all T's
the letter T.
OOH, I'm the letter T...
and she, she's the letter T.
And he, he's the letter T
We make the 'tuh' sound guaranteed
Tuh, tuh, tuh, tuh, tuh, tuh...
If you've got it on your TIVO, you should check it out. Because it is pretty awesome.
Monday, October 27, 2008
Anyway, my Dad knows what he's talking about, not only because he learned it at school, or at work, or watched the MacNeil-Lehrer News Hour every night for like 30 years even though we all made great fun of him for it (sorry, Dad), and even reads the Wall Street Journal, and other deadly boring stuff like that; but because he's sort of medium-oldish, and he's been around to see some stuff. People my age and younger weren't even old enough to consciously remember the last real recession we had, although, I can vaguely recall sitting in the back seat of our Chevy Nova (I loved that car, and cried when we sold it to smokers), waiting in line for hours to get some gas. And I think fuel shortages from the middle east oil embargo precipitated our economic troubles in the early 80s. But really, I have no idea what I'm talking about, because who teaches history majors anything about what actually goes on in the world? Nobody, that's who.
So, here's a guest post from my Dad. I've only ever had one other guest post, and it was also my Dad, from back when I was still partly under the delusion that this was a book blog. So, check it out, too. Now, if only I could get my Mom to write something, as well...
In July of 1932 the Dow Jones industrial average closed at 41.63. In the three years since the famous stock market crash of 1929, the market had given up about 91% of its value. The most popular song that year was Brother Can You Spare a Dime?. A comedian at the time said," My broker told me to buy stocks for my old age. It worked wonderfully; within a week I was an old man. Many businesses are better off than ever", he concluded, "take red ink for example, everyone is using it."
Banks were in so much trouble that depositors were terrified of losing their money and people literally tucked their money into their mattress. Checking ground to a halt. Most transactions for the average household were done in cash. If you needed to pay your rent, you walked over to the landlord and handed him a fist full of dollars. There was no FDIC, so when a bank failed, people really lost everything. My own grandfather was angry until the day he died that he had not known enough to get his $2500 out of a small bank in Safford, Arizona in time. That was a life savings for recently married 30-year-old Ralph Layton. I can still feel his pain and frustration. He had to put off his dream of building a home and buying a farm for his family. Easy loans for homes and farms would not be around again for a few years, so he set out to save again.
Life suddenly looked bleak, as people understood that realizing their dreams was going to take longer than they'd hoped. By the end of the great depression, most people who had a job felt grateful just to be able to feed their families.
People who knew what it was like to fear starvation could not turn away another hungry family. Welfare, as we know it, had its origin in the depression as well. My Mom remembers running into the house in Central, Graham County, Arizona, to tell her own mother that the "Okies were coming" so she needed to get them something to eat. (Those "Okies" were from all over the midwest, and beyond, but they all got called Okies.) So, in spite of hardship, there were some good things about that time.
The financial crisis today has the same cause as the problem that created
the depression. A bubble created by easy and abusive use of credit, burst, and the entire system had to deleverage. When banks have bad loans, they must increase their own capital. If they cannot, they fail. When people cannot obtain credit, the money supply deflates and the price level drops. When that happens quickly, everyone panics. They become angry and confused, as homes, investments and jobs are lost. It feels the same to us as it did to our grandparents that experienced the great depression. This time, I hope, the government understands that they must use every tool necessary to prevent the money supply from deflating, and maintain our confidence in the financial system. Of course, the bigger the panic, the greater the task. Safeguards like the FDIC, the welfare system, the bank regulation, the Federal Reserve's efforts to increase the money supply and guarantee our deposits tend to make this one a little less scary, but it still gives us all a big headache. I think it helps me understand how my grandparents must have felt in 1930.
A friend of mine that I worked with at Nestle for many years was planning to retire next year. He told me yesterday that his 401K was now a 201K, and he would need to work another 10 years to retire with the same income that he had planned to have next year.
Or, maybe like the rest of us, and our grandparents before us, he will need to adjust to this "new reality."
My Dad, Big Ross, with my son, Little Ross, at Skyline, nearly 10 years ago.
Wednesday, October 22, 2008
1 1/4 c. very warm water
1 t. salt
2 T. or 2 pkgs. yeast
1/2 c. sugar
1/2 c. or 1 cube melted butter, (plus another cube for later on, keep that one cold)
4 c. flour
Stir eggs, water, sugar, salt, and butter thoroughly with the Bosch whip whip attachment. Add yeast and stir again. Let stand for 10 minutes or until when you stir with a wire whip you cannot see granules of yeast. It must be thoroughly blended. Add 3 cups of flour, 1 at a time, beating well after each with the wire whip. (I beat the first 3 cups with the whip attachment, then change the beaters to the cookie paddles.) Add the fourth cup of flour, and beat 5 minutes with the cookie paddles. I usually add a little more than four cups of flour, just because it looks too sticky to be believed, but maybe it is better without? Ardy seemed to think so!
(if you don't have a mixer, beat the first three cups of flour in with a wire wisk, and the fourth with a wooden spoon.)
Cover with a towel and let rise in a warm place (oven). When it is double in size, quite heavily flour a flat surface and pour the dough onto the floured surface. It will be very sticky. Turn it over once and pat the dough down with your hands until it is about 1/2 to 3/4 inch thick. Cut using a glass about 2.5 inches across for smaller rolls, or 3 inches for larger ones.
Grease a pan lightly. Cut a round of dough, place a small pat of butter near the middle, tuck it all the edges to form a ball around the butter pat, and put it in the pan. Put the rolls right next to each other, but not quite touching. I do them fairly small, and get about 6 across the short side of a jelly roll pan. place the next row a little ways off to give some raising room. Each batch makes about 45 of these smaller rolls, or 36 larger ones.
Let the rolls rise until about double in size or a little less, about 30 minutes. Put them in a preheated 350 degree oven for about 15 minutes. They need to be reasonably brown on top to be done in the middle, but watch them closely. They brown fast!
I usually double the recipe, and use a total of about .85 pounds of butter. I take the rest of the pound, and melt it to brush over the top of the warm rolls. Just cause I can.
Friday, October 17, 2008
Sunday, October 12, 2008
The Duchess, finally, and in the middle of the day, like a fancy-lady. But without any bon-bons. Which is sad.
So now Jen and I can wear our neck gear whenever we go see period films, or go to Europe, which is like, pretty much all the time. And I know I sound nerdy, but I am actually quite excited by my new regalia. Our Duchess necklaces are a little like the Starship Enterprise uniforms that Trekkies wear to the conventions; but more subtle, of course.
Thursday, October 09, 2008
Monday, October 06, 2008
Wednesday, October 01, 2008
Sam's kindergarten teacher sent this note home to me: