As we come upon the first Monday in October many events are
on the horizon, some deadly serious and others not so.
The Presidential Campaign this week begins the late innings
with the first of the debates. Major League Baseball’s season comes to a close
with The Yankees fighting for their playoff lives. The economy continues to
rock back and forth heading to that impending fiscal cliff of the first quarter
in 2014. The European victory in the Ryder Cup this past weekend signaled the
ongoing changes going on in professional golf; Americans no longer are the best
players in both the men and women’s game. Who will win Project Runway?
An uneasy feeling exists about the possible confrontation
between Israel and Iran, and the alarming possibilities of nuclear weapons
being involved. The day by day growing division and lack of compromise in
America between conservatives and liberals, the 1% and the 99%, the 47% and the
53%, the blue states and the red states, the College of Business & Public
Management and the College of Arts & Sciences, the NHLPA and the NHL
owners.
If you were watching television Sunday evening three shows
dominated the ratings, sorry not The Housewives of Where Ever, but three television
shows with strangely similar lead characters. These characters, Nucky Thompson
(Boardwalk Empire), Nicholas Brody (Homeland), and Arnold Schwarzenegger (60
Minutes) symbolize the current thinking about telling the truth. All the characters
live their lives being brutally honest but at the same time hiding behind an
image and the real truth in their lives. Like Joe McCarthy, Jack Kennedy, Richard Nixon, Roger Clemens, Lindsay Lohan, Tony
Villar, and countless others – telling the truth is one thing but the why
behind your actions is another story and certainly not for us to know. So give
us a pass because we told the truth.
Telling the truth (eventually) is not enough, telling and
living the truth before your actions is what matters. We all can relate to
this, especially this writer. Nucky, Nick, Arnold, Tony, Richard, we appreciate
the truth but we do not buy the actions or the reasons. Thus all these
individuals are our Jack Asses of the Month. Simply saying I did not want to
hurt people is a cop out and an easy excuse. We should not look up or admire these
individuals but use them to set our own higher standards on which to live our
lives.
The first Monday of October is also the beginning of the
United States Supreme Court 2012-2013 session. A Term of the Supreme Court begins, by
statute, on the first Monday in October. Usually Court sessions continue until
late June or early July. The Term is divided between "sittings," when
the Justices hear cases and deliver opinions, and intervening
"recesses," when they consider the business before the Court and
write opinions. Sittings and recesses alternate at approximately two-week
intervals.
With rare exceptions, each side is allowed 30 minutes
argument and up to 24 cases may be argued at one sitting. Since the majority of
cases involve the review of a decision of some other court, there is no jury
and no witnesses are heard. For each case, the Court has before it a record of
prior proceedings and printed briefs containing the arguments of each side.
During the intervening recess period, the Justices study the
argued and forthcoming cases and work on their opinions. Each week the Justices
must also evaluate more than 130 petitions seeking review of judgments of state
and federal courts to determine which cases are to be granted full review with
oral arguments by attorneys.
When the Court is sitting, public sessions begin
promptly at 10 a.m. and continue until 3 p.m., with a one-hour lunch recess
starting at noon. No public sessions are held on Thursdays or Fridays. On
Fridays during and preceding argument weeks, the Justices meet to discuss the
argued cases and to discuss and vote on petitions for review.
The Supreme Court is
embarking on a new term ... that could be as consequential as the last one with
the prospect for major rulings about affirmative action, gay marriage and
voting rights. Many people on both the left and right expect [Chief Justice
John] Roberts to return to the fold ... and side with the conservative justices
in the new term's big cases. If they're right, the spotlight will be back on
Justice Anthony Kennedy, whose vote typically is decisive in cases that
otherwise split the court's liberals and conservatives. But Roberts will be
watched closely, following his health care vote, for new signs that he is
becoming less ideologically predictable.
THE MOST IMPORTANT WEEK OF MITT ROMNEY'S POLITICAL LIFE : The guy has wanted to be president for
a lifetime, been a professional candidate for six years and counting, and needs
some magic to make all the efforts count. Think about what's on the line this
week: 1) Wednesday's debate, the last of three 'pivot points' identified by the
campaign months ago. Romney is 0-for-2 on pivot bounces, from veep and
convention. 2) Libya opens a new avenue of attack on Obama, but the window for
Romney to exploit it is rapidly closing. 3) Romney cannot allow the
conventional wisdom to harden. Charlie Cook is already drawing the 1996, Bob
Dole comparison. 5) Romney can't let swing states to swing beyond his control.
--BREAKING - "US military deaths in
Afghanistan hit 2,000 after 11 years of war" - AP/Kabul: "U.S. military
deaths in the Afghan war have reached 2,000, a cold reminder of the human cost
of an 11-year-old conflict that now garners little public interest at home as
the United States prepares to withdraw most of its combat forces by the end of
2014. The toll has climbed steadily in recent months with a spate of attacks by
Afghan army and police - supposed allies - against American and NATO troops.
...
"According to the Afghanistan index kept by the
Washington-based research center Brookings Institution, about 40 percent of the
American deaths were caused by improvised explosive devices. The majority of
those were after 2009, when President Obama ordered a surge that sent in 33,000
additional troops to combat heightened Taliban activity. The surge brought the
total number of American troops to 101,000, the peak for the entire war."
BIRTHDAYS
THIS WEEK – Birthday
wishes and thoughts this week to: Michael Andretti (50), President Jimmy Carter
(88), Bob Geldof (58), Grant Hill (50), Brian Johnson (65). Mark McGwire (50).
ELECTION TRIVIA - The last time a Republican was elected
president without a Nixon or Bush on the ticket was 1928.
QUOTE OF THE MONTH - When you win, say nothing,
when you lose, say less. -Paul Brown
--"President Clinton gets $2 billion in pledges to
tackle world's woes." Healthcare for athletes with mental
disabilities, organic know-how for Indian farmers and solar technology for
isolated communities were among the pledges made at former President Clinton's
[three-day] philanthropic summit ... With ... an emphasis on improving the
lives of women and girls in the developing world, heads of states, business leaders
and humanitarians at the eighth annual Clinton Global Initiative made 150 new
pledges valued at about $2 billion. ... 'I am convinced that cooperation, not
conflict, will define this century,' Clinton said."
FIRST LOOK: CORPORATE CFOs WORRIED - Per release out later today from Deloitte:
"Persistent economic troubles at home and abroad, combined with
uncertainty around elections and the U.S. fiscal cliff, yielded the most somber
year-over-year expectations in the 10-quarter history of Deloitte's CFO Signals
survey. ... The quarterly survey, which tracks the thinking and actions of CFOs
representing North American companies averaging more than $5 billion in annual
revenue, found that 40 percent of CFOs report rising pessimism this quarter
about their companies' prospects (up from 28 percent last quarter).
"The outlook in the U.S. is worse with 47 percent of
CFOs less optimistic. ... About one-quarter of CFOs cite government and
regulation-related issues as their most worrisome risk, with frequent mention
of the impending fiscal cliff, possible changes to tax and regulatory policy,
and the potential impact of U.S. elections on policy and equity markets.'"
COLLEGE FOOTBALL PICK OF
THE WEEK – Saturday
10/6, 7:00 PM ET, ESPN: #5 Georgia Bulldogs (5-0) visit #6 South Carolina
Gamecocks (5-0). An early season SEC battle, this is why the SEC is the best
conference; the next three weeks South Carolina has Georgia, LSU and Florida –
tough. South Carolina 32 Georgia 28. Season
to date (2-3).
SMALL COLLEGE FOOTBALL PICK
OF THE WEEK – Saturday
10/6, 1:00 PM ET, Mystery Channel: Ithaca College Bombers (4-0) visit Alfred
Saxons (2-1) in Alfred, New York. A HUGE E8 Conference bout – Ithaca 28 Alfred
21. Season to date (5-0).
NFL FOOTBALL PICK OF THE
WEEK – Sunday
10/7, 1:00 PM ET, Fox: Philadelphia Eagles (3-1) at Pittsburgh Steelers (1-2).
This battle for the Quaker State is a must for the Steelers. Pittsburgh 24
Philadelphia 20. Season to Date (3-1).
THE SWAMI’S TOP PICKS – South Carolina 32 Georgia
28, Ithaca 28 Saxon Warriors 21, Steelers 24 Eagles 20, Over and unders on the number
of ULV Alumni attending reception in Taipei, Taiwan (7 and under). Season
to Date (12-7).
DRIVING THE WEEK: Wednesday's President Debate (9 p.m. Eastern in Denver) is
the big show, but there's plenty of other action for the first week of October.
Ben Bernanke speaks at 12:30 this afternoon in his first speech since kicking
off QE3, and the minutes from September's FOMC meeting come out Thursday. The
Labor Department releases the September employment and unemployment report come
Friday.
Next week; gardening, cooking, home and Dear Rink Rats.
Until Next Monday, Adios.
Claremont, CA
October 1, 2012
#III-23, 128
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