July 26, 2007
FindLaw's Writ - Dorf: What are the "Inherent" Powers of the President? How the Bush Administration Has Mistaken Default Rules for Exclusive Rights
Historically, a good check to the power of the pardon has been public perception. But with the current administration reserving its legacy as one of the most inept, this offers little deterrent.
In the end, Congress can impeach the Attorney General to remove him from office. As the president does not have the power to pardon someone that has been impeached, this only removes them from office.
July 06, 2007
Delightfully Different Dunedin
In case you were wondering, this
is where I ended up. I actually went to High School in Dunedin although I never lived in this house as my Mom bought it after I moved out. it is a nice place.
I was joking with David that in a week I have only heard 3 sirens from emergency vehicles. In Alexandria, it was at least 3 per day (on a light day). The pace of life is slower here. I look around and ask myself where all the people are!
March 04, 2007
Losing Sucks!!!
February 03, 2007
Bob Seger and an Update
I went with my friend Donna from school and coincidentally, Amy from school was also there. We met up at Clyde's before the show (and during the opening act). I even got to meet Mary Louise-Parker (inside joke).
Plans continue for Utah. I am on three month countdown for getting out of here and heading back to the land that I love. I am torn between living downtown and having a house in Sandy where I can spread out (and play the stereo as loud as I want). The views of the Wasatch mountains from Sandy cannot be beat!
Stay in touch!
Tom
January 13, 2007
Going Home!!!
Of course, now that I have lived in a bigger city, I could never go back to the suburbs again like Sandy. I think I am going to find a nice loft in downtown Salt Lake. As long as I have public transportation and good places to walk, everything will be grand.
Tom
January 05, 2007
Please give as much as you can to the ACLU.
December 09, 2006
More French Stuff!
School is over :) School is over :(
November 29, 2006
School
Scoop!
September 19, 2006
Talk like a Pirate Day
July 23, 2006
Coming Clean on France
"How much is this?"
"Do you speak English?".
The French are so much more polite and civilized than we. You walk into a store, say hello! Or Good Morning/afternoon/evening. Take a moment to be civil. Take a moment to remember that we are both human beings and some basic courtesy goes very far indeed.
I had the greatest week in Paris. The French people were wonderful. They were more than helpful. Between my limited (and Spanish-accented French) and their English ; we made it through. The metro clerk was even asking me how to say 55 cents. A far cry from the idea that they refuse to speak English. So, the next time someone takes the fashionable path and starts to bash the French, ask them if they have been there? If they have, ask them if they took some time to maintain their membership in the human race? And if they have not been there (or you for that matter), make a reservation and go see what the world is talking about. It is one of the greatest places on the planet.
An American in Paris
April 06, 2006
The Time Value of Money
As most loan sharks know, the interest is what generates the profit. While not condoning illegal behavior, the more seemly side of finance does illustrate a valid point: when people need money, someone has to be willing to lend it to them. But, this is not without its risks. Loan sharks typically charge a high interest rate – “the vig” – compared to other institutions. This is because they assume more risk of non-payment. Additionally, their collection policies are somewhat different than the corner bank. While perhaps an extreme example, this arrangement presents the same challenges as any other use of money. The shark must consider not only the potential of being repaid the principal of the loan – “the juice” – but the opportunity cost of the loaning the money to the customer. Opportunity cost is defined as "the advantage forgone as the result of the acceptance of an alternative” (About 2006). In this case, the loan shark could otherwise invest his money in gambling, racketeering, carting or some other activity. The future value of those enterprises with the same money must be weighed against the interest paid on the juice. If the loan shark loans $10,000 for 7 days in return for a total payment of $12,000, then the $2000 interest payment must be higher than the potential opportunities the $10,000 could have been used for in the interim 7 days. Depending upon the depth of the shark’s organization, $10,000 may indeed be able to generate more than $2000 in a 7 day period. This would be an example of the opportunity cost being more than the realized profit from the enterprise.
To bring this discussion into the realm of the legal, the same applies for countless examples in personal and corporate finance. In both of these areas, money must not only be considered as a current commodity, but for the investment vehicle it provides. Specifically, any potential investment must not only be considered in terms of the return but the potential of that money to perform in other ways. For example, while dipping into Retained Earnings to finance a new plant might be a way for a company to minimize debt, the potential advantages of liquidity must be outweighed by the incurrence of the debt. Many times, a corporation with cash-on-hand will still assume long-term debt since the retained earnings may be able to return more as an investment than the interest on the debt. While it would seem to be in the company’s best interest to carry as little debt as possible, it may actually cost money to not borrow money if borrowing cash means better earnings on other investments.
Another area that corporations (and loan sharks) must carefully analyze is the effects of recurring payments on money over time. For example, the protection money that the local deli pays to the Stunad crew is an example of an annuity as the money is paid in a fixed amount over time. The annuity would typically end with the untimely demise of the Stunad captain or the deli owner – whichever comes first. In paying this annuity, the deli owner must consider the opportunity cost of paying the money versus investing in his own business. However, as with all opportunities, the owner must also consider the ramifications of forgoing the investment in his personal welfare (specifically the aforementioned untimely demise). In the Stunad crew’s case, they must consider the cost of administering the annuity with items such as collection fees, opportunity costs of enforcement versus other enterprises and the value their other enterprises would reap in a long-term investment. Typically, this protection annuity is deemed to be in perpetuity as the organization would continue to collect even if the owner changed hands. Just as with the Stunad organization, large corporations must consider the long-term effects of annuity vehicles such as pension plans. Pensions must be funded from funds inherent within the pension or from net income. In a public company, this presents a charge against earnings each year that only continues as workers get older and continue to retire. The annuity in this case can present an undue burden upon the operations of the company and prevent future investment or expansion.
While it would seem that typical Mother’s and Father’s Italian Associations and large publicly-help corporation may be very different; within their business dealings they must consider some of the same issues. The ability to generate cash is but one factor in the successful operation of their business. They must also consider the cost of their investments and the cost of taking -- or leaving -- an opportunity. With proper attention to the time value of money, the whole family prospers.
References
About.Com (2006). Opportunity Cost – Every collar we spend is actually 6.7 lost forever. Retrieved April 6, 2006 from http://credit.about.com/cs/consumerwisdom/a/081100.htm.
April 02, 2006
Iran claims missile test - Mideast/N. Africa - MSNBC.com
Perhaps it is the tale of David and Goliath. Or the seemingly endless historical evidence that the underdog can win over the arrogant aggressor. Whatever the reason, leaders of other countries have always underestimated the resolve and the ability of the US at their own peril. Certainly, we are parochial in our view of our place in the world. We but into other's problems and try to apply our simplistic notions to complex centuries old conflicts. Be that as it may, as much as I would like to let these little gnats of government leaders save some face, all they are doing is testing our resolve. After the attack on Pearl Harbor, Admiral Isoroku Yamamoto is quoted to say "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve." Discussing the different effects that the US Civil War had on the North and the South, historian Shelby Foote say he thought the North fought the war with one hand tied behind its back and the South never really had a chance.
What possible outcome could Iran hope for in escalating a war of words and actions against the US. Do they really think the US would allow them to develop a nuclear device Would Iran be extreme enough to actually use it? As with far too many events in the history of governments, the people suffer for the lack of foresight and false bravado of their leaders. The people suffered far more in Germany and Iraq than their leaders. Would the leaders of Iran force the US hand to detonate a warhead in Tehran in retaliation for an attack on the US? It is called mutually assured destruction for a reason! In this case, it would be limited destruction for the US and complete vaporization for the great people of Iran. Yet, these people elected a theocracy into power.
I am sure each "David" always believes they have a unique ability against their particular Goliath. But in this case, the only thing the leaders of Iran are going to do is strengthen our resolve and their people will suffer. While we may be the decadent West, the fact remains that Tehran would become a distant memory on a map with the contents of a single Los Angeles class submarine. Surely, they realize this and will not truly try our patience. Especially with this President!
February 28, 2006
The day the music died
of the hospital and gave passed away shortly after an operation for a
kidney problem. The emotions on this are impossible to explain. I lost
my Dad 21 years ago, but then; someone else handled all the details.
This time, I handled the details. Planning a funeral is not something
that should be done by the people most effected by the death. This
should be done ahead of time.
Once I came home, I wrote a letter. I wrote what I want to happen to
me when I die. Where I want to be buried, the clothes I want to wear
(Hawaiian shirt - I made David promise me he would do this), where the
life insurance policies are. All the things someone will need to know
when they are going through your stuff. I encourage everyone reading
this to make a will and ensure your loved ones have it all laid out
for them. They should not have to think during this time. It would be
best to give a letter to the funeral director and say, "it is all in
there - call if you have any questions!". That is my intent. While
none of us want to think about our own death, I assure you all it will
happen. While it is important to plan the end for those left behind,
please do not forget that life is in the living.
Those that love you will certainly miss you, but they need good
memories to get them through. They need to know how you felt about
them. They should never doubt that you love and care for them.
Fortunately, I had the peace to know how much my Mother cared for me
and loved me. I understood that while we may have had our moments (I
was a teenager after all), we also understood each other enough to
realize were in many ways the same. I loved my Mother dearly and will
miss her for the rest of my life. But, I am able to continue on
because I can see her in the eyes of my son. I can see her in the
curiosity and intellect that is David. She always let me know how much
she loved me; it was never understated. I will always miss her and am
greatly comforted by the fact that she is now in peace. Mom, I miss
you, I love you and I am eternally grateful for the lessons you taught
me. I only hope that I can measure up and be the man you wanted me to
become.
January 28, 2006
Life
It is far too easy for those unaffected by this issue to stand there outside the clinics or at the Supreme Court. They love the country that allows them the right to assemble and speak their mind. Yet, the abhor the very same principles when a woman chooses to terminate a pregnancy. I have been effected personally by this issue and I will always regret my complicity - yet I steadfastly remain supportive of a woman as the master of her own domain.
October 12, 2005
Frist may not have avoided a conflict of interest - Politics - MSNBC.com
September 18, 2005
Cash and 'Cat 5' Chaos - Newsweek Hurricane Katrina Coverage - MSNBC.com
When I worked for Harris, we had to go to the plant in Northern California and mark everything for shipment to the offices in Salt Lake City. I went out there with another co-worker, and we did what we needed to do. Some people got bent out of shape, but the job got done.
We pussy foot around issues. We want to not make waves. We need to keep everyone happy and made to feel like they are part of the team. That is all a great illusion when things are not in crisis mode, but for Godsake, these people in New Orleans are dying. They need help, not some FEMA paper pusher going over the rule book in the ultimate insensitivity. Hey, Mr or Mrs. FEMA clerk, you attention to the rule book means squat! These are US citizens, they need their government's help, and if you cannot back down from your little empire because this is how youhave always done it, then, at the risk of insulting a McDonald's worker -- go work there as that may be more you style.
I continually get barraged with little pieces of advice about picking your battles to fight and getting obstacles put in my way by a process. Well, as I said, we can play that game when it does not appear to be life -threating. But, these people need help, not redtape. So, Mr and Mrs. FEMA person, get off you ass and help these people! You are going to be judged by how you treat these people, not if every line of your form is filled out. You are a public servent, not the other way around. You are only the facilitator of what these people need. They do not need your permission, only your clerical ability to get them what they need!