Here are two videos you should see that describes a key economic issue: consume or invest.
WHAT
WORKS - Before Washington, California was the national symbol of
partisan paralysis and government dysfunction. This was the place where voter
initiatives slashed the power of state lawmakers, runaway deficits and
gridlocked budgets were the rule of the day, and a circus of a recall election
forced a governor out of office ... But in the past month, California has been
the stage for a series of celebrations of unlikely legislative success ... The
turnaround from just 10 years ago - striking in tone, productivity and, at
least on fiscal issues, moderation - is certainly a lesson in the power of
one-party rule. Democrats hold an overwhelming majority in the Assembly and
Senate and the governor, Jerry Brown, is a Democrat. The Republican Party ...
has diminished to the point of near irrelevance.
But ... three major changes in California's governance
system intended to leach some of the partisanship out of politics ... may also
be having their desired effect ... Lawmakers came into office this year
representing districts whose lines were drawn by a nonpartisan commission ...
This is the first Legislature chosen under an election system where the top two
finishers in a nonpartisan primary run against each other, regardless of party
affiliations, an effort to prod candidates to appeal to a wider ideological
swath of the electorate. And California voters approved last year an initiative
to ease stringent term limits, which had produced a Statehouse filled with
inexperienced legislators looking over the horizon to the next election.
Lawmakers can now serve 12 years in either the Assembly or the Senate.
TWITTER
ENTERS HOT IPO MARKET - As Twitter this week begins an eight-city
road show to pitch its stock sale to big institutional shareholders like
Fidelity, BlackRock and Legg Mason, it will be entering one of the strongest
markets for I.P.O.'s in three years, especially in the United States. Despite
Facebook's initial stumble in its market debut in May 2012, investors have
shown a growing appetite for initial offerings ... Retail investors, in
particular the very wealthy, are also seeking exposure to soaring stock of new
companies. ...
This year, 169 companies have gone public in the United
States, raising $45 billion, according to Thomson Reuters. Both figures are at
the highest levels since the financial crisis of 2008, though the number of
offerings remains below the level set before the financial crisis. And nine
companies have raised more than $1 billion in their debuts so far in 2013, the
largest number in at least five years.
BIRTHDAYS
THIS WEEK – Birthday wishes and thoughts this week to: Kate Capshaw
(60), Michael Dukakis (80), Bill Gates (58), Rochelle Hanson …famous public
servant and finance expert, Lauren Holly (50), Dennis Miller (60), Gary Player
(78), Denis Potvin (60).
FRANKLIN
CIDER MILL – I grew up in a small suburban town, Franklin
Michigan. The perfect place to grow up: walk to school, skating pond in the
back yard, baseball fields three blocks away, corner store, small local
library, AND The Franklin Cider Mill.
The Franklin Cider Mill is a one-of-a-kind
living piece of history.
1. They
press and bottle apple cider right here at the Mill! Each side of the press can
hold up to sixty bushels of apples.
2. The
average yield is approximately three gallons of cider per bushel of apples.
3. Cider
season opens Labor day weekend and usually remains open until the first weekend
after Thanksgiving.
4. The
apples are all sorted and washed before going into the grinder.
5. Usually
between eight to twelve hundred bushels of apples are sorted on the second
floor of the Mill, there the sorting and feeding of the apples into the grinder.
6. The
donuts sold here are made by an old German recipe brought to this country many
years ago.
7. The
cider is NOT filtered, NOT pasteurized, and does NOT contain any form of
preservative. It is a pure fruit juice and MUST be kept refrigerated
If you are in the Detroit area this
fall, take in The Franklin Cider Mill, truly one-of-a-kind. Also don’t forget
while in Birmingham stop by Leo’s Coney Island hot dogs, THE BEST.
COLLEGE
FOOTBALL BCS - Oregon passed Florida State and moved into
second place behind Alabama in the BCS standings. ... Alabama's remaining schedule
is LSU, Mississippi State, Chattanooga and Auburn before a possible [SEC]
championship game. If the Crimson Tide run the table, it'll likely play in a
third straight BCS championship game, and fourth in five years. ... Ohio State
is still fourth in the standings after its 63-14 victory against Penn State.
... Stanford is fifth in the standings, followed by unbeaten Baylor and Miami.
COLLEGE
FOOTBALL PICK OF THE WEEK – Saturday 11/2, 8:00 PM ET, ABC:
#7 Miami Hurricanes (7-0) at #3 Florida State Seminoles (7-0). Just like the
old days, a HUGE Florida in state game, ACC domination is at stake. FSU too
much for The Canes 42 – 28. Season to date (6-2)
SMALL
COLLEGE FOOTBALL PICK OF THE WEEK – Saturday 11/2, 2:00 PM ET,
BRAVO: #8 UW-Platteville Pioneers (7-0) visit #7 UW-Whitewater Warhawks (7-0)
in this WIAC first place game at Perkins Stadium. Perennial power Whitewater
will dominant 28 – 10. Season to date (6-1)
NFL
PICK OF THE WEEK – Thursday 10/31, 8:25 PM ET, NFL: Cincinnati
Bengals (6-2) at Miami Dolphins (3-4). Too tough for Miami to bounce back after
a Sunday struggle, Bengals 24 Miami 14. Season to date (7-0)
THE
SWAMI’S WEEK TOP PICKS –
(NCAA, Nov. 2) Cornell Big Red (1-5) 10 at Princeton Tigers (5-1) 32
(SCIAC Game of the Week, Nov. 2) Chapman Panthers
(5-1) 28 at La Verne Leopards
(3-2) 30
(NHL, Nov. 2) Toronto Maple Leafs (8-4) 3 at Vancouver Canucks (9-4-1) 5
(NFL Upset of the Week, Nov. 3) Pittsburgh Steelers
(2-5) 21 at New England Patriots
(6-2) 20
Season
to date (36-29)
THE
SWAMI BREEDER CUP PICKS –
Distaff – Royal Delta
Turf – The Fugue
Sprint – Pointsoffthebench
Mile – Wise Dan
Classic – Will Take Charge
WORDS
OF THE MONTH –
lallygag
\LAH-lee-gag, LAL-ee-\, verb:
1. to spend time idly; loaf.
2. to indulge in kisses and caresses; make love; neck.
“Are
you coming in, or are you going to lallygag in the hallway?”
trece,
adjective, noun
not to budge, to stick to your guns
Seguir or mantenerse en sus trece is an idiomatic phrase
which means to refuse to change your position on something, for example:
“Los
dos líderes se mantienen en sus trece.”
The two
leaders are refusing to budge.
MARKET
WEEK - The Dow and the S&P 500 are riding three-week winning
streaks as we head into the final four trading days of October, with investors
now focused on the two-day meeting of Federal Reserve policymakers that begins
tomorrow. The central bank is not expected to begin trimming its bond-buying
program, in part because of concerns about the lingering effects of the government
shutdown.
DRIVING
THE WEEK – Budget conference begins Wednesday with a meeting that is
entirely for show ... Huge week for economic data begins this morning with
industrial production at 9:15 a.m. expected to rise 0.4 percent ... Pending
home sales at 10 a.m. this morning expected to be flat ... Producer prices at
8:30 a.m. Tuesday expected to rise 0.2 percent headline, 0.1 percent core ...
Retail sales Tuesday at 8:30 a.m. expected to be flat, up 0.4 percent ex-autos
... Case-Shiller home prices at 8:30 a.m. Tuesday expected to rise 0.6 percent
...
Conference Board consumer confidence Tuesday at 10 a.m.
expected to dip to 75.0 from 79.7 .. ADP employment report 8:15 a.m. Wednesday
expected to show a gain of 150K ... Consumer prices at 8:30 a.m. Wednesday
expected to rise 0.2 percent headline and core ... No big moves expected in
FOMC announcement Wednesday at 2:00 p.m. ... Treasury Secretary Jack Lew is in
NYC today for meetings.
Next
week: Jack Ass of the Month.
Until Next Monday, “Adios.”
Claremont, CA
October 29, 2013
#IV-28, 185
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