Barnard College, New York, NY – President Obama: “After
decades of slow, steady, extraordinary progress, you are now poised to make
this the century where women shape not only their own destiny but the destiny
of this nation and of this world.”
California Institute of Technology, Pasadena, CA – Elon Musk
Clark College, Vancouver, Washington – J.R. Martinez
Cornell University, Ithaca, NY – Michael Bloomberg
George Washington University, Washington D.C. – Brian Williams
Louisana State University, Baton Rouge, LA – Bob Schieffer: “There
is no penalty anymore for dirty campaigning.”
Oregon State University, Corvallis, OR – Michelle Obama
Pomona College, Claremont, CA –Cameron Munter
St. Lawrence University, Canton, NY – Garry Trudeau
Santa Clara University, Santa Clara, CA – Steve Wozniak
Syracuse University, Syracuse, NY – Aaron Sorkin
University of La Verne, La Verne, CA – Freeman Hrabowski
University of Southern California, Los Angeles, CA – Maria Shriver:
“Who you work for is as important as what you do.”
CONGRATULATIONS
– To
Barb and Carl Colley on the birth of their 8 pound daughter Blair Charlotte. I
wonder if Blair will be buying her first Ford online?
BIRTHDAYS
THIS WEEK – Birthday wishes and thoughts this week to: Thomas
Chong (74), Barb Colley …famous online educator, Genie Francis (50), Barbara
Hasse …Mom, Jewel (38), Henry Kissinger (89), Brent Musburger (72), Stevie
Nicks (64), Frank Oz (68).
RINK
RATS TMZ.COM – Has learned that a famous life-long card caring
Republican is thinking about switching to the Democratic Party. Say it ain’t so.
WALL STREET WEEK - To say that the month of May has been a Wall Street washout would not likely be considered hyperbole: the major U.S. averages are coming off their biggest weekly losses of 2012, and the Dow and S&P 500 are now on track for their biggest monthly losses since May of 2010. The Nasdaq is even more bearish: it’s on pace for its biggest monthly percentage drop since November 2008.
WORTH $100 BILLION AT BIRTH - "Facebook
Inc has become the first U.S. company to be worth more than $100 billion at its
debut, as investors bet on a big pop in the stock when it begins trading on the
Nasdaq [today]. Frenzied demand ... is expected to drive Facebook well above
its initial public offering price of $38 a share, which was already at the top
end of its target of $34 to $38. Analysts were divided on how high the price
might go on the first day of trade, with some expecting a relatively modest
gain of 10 percent to 20 percent while others said anything short of a 50
percent jump would be disappointing. ...
"Facebook is
selling an up to 18 percent stake in the company at a valuation of $104
billion, comparable to the market worth of Amazon.com Inc, and exceeding that
of Hewlett-Packard Co and Dell Inc combined ... Enthusiasm for Facebook shares
comes despite questions about the company's long-term money-making
capabilities, particularly after it reported a quarter-to-quarter revenue slide
in April. Others warn that the price tag, equivalent to over 100 times
historical earnings versus Apple Inc's 14 times and Google Inc's 19 times,
makes Facebook a risky bet.
TYPEWRITER OF THE DAY - Royal 'Apollo 10' model from 1969. Electric
that got us to the moon! It's noisy but types fine. http://say.ly/DRF1wkc
GAS
PRICES KEEP EASING - "Gasoline prices fell for the fifth
consecutive week, extending a sharp decline that has eased fears that prices
would soon top $4 a gallon at the pump. The average price of regular gasoline
dropped to $3.790 a gallon as of Monday ... down 3.8% from the 2012 peak of
$3.941 reached April 2. Many of the forces that drove gasoline up are
reversing, and that is helping bring prices back down, though they still remain
near record highs. Tensions over Iran's nuclear program have eased, while
softening economies in the U.S. and Europe have curbed demand. ... The changes
have led analysts to temper their price predictions for the summer driving
season.
"A few months ago, some were saying pump prices could
shoot above $4 a gallon and even reach $5 by the summer, but now they say that
is highly unlikely. That is good news not just for America's drivers, but also
for the economy and potentially ... Obama, who has spent much of the year
deflecting Republican criticism of rising fuel prices and his stewardship of
the economy"
BIG BROTHER – The United States Post Office, the
bastion of efficiency in business, has announced that they are closing the San Dimas, California post office. We believe this is the best performing post office
in our region. I blame myself for taking too many deductions this year and not
paying more taxes.
CHANGING AMERICA -- "Whites Account for Half of
Births in U.S.": "After years of speculation, estimates and
projections, the Census Bureau has made it official: White births are no longer
a majority in the United States."
"Non-Hispanic
whites accounted for 49.6 percent of all births in the 12-month period that
ended last July, according to Census Bureau data made public on Thursday, while
minorities - including Hispanics, blacks, Asians and those of mixed race -
reached 50.4 percent, representing a majority for the first time in the
country's history...."
"While over
all, whites will remain a majority for some time, the fact that a younger
generation is being born in which minorities are the majority has broad
implications for the country's economy, its political life and its identity.
"This is an important tipping point," said William H. Frey, the
senior demographer at the Brookings Institution..."
Next week, Dear Rink Rats and the Jack Ass of the Month.
Until Next Monday, Adios.
Claremont, CA
May 21, 2012
#III-4, 109
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