REMINDER: All investment, economics, and finance related material now appears at the new IaconoResearch.com. For the time being at least, this has become a personal blog covering a variety of mostly unrelated topics.

Remembering 9/11

Surely, today’s anniversary has much more meaning in the Northeast than elsewhere, but, for the rest of the country, people probably remember where they were on that day, much as they do for the Challenger space shuttle disaster and other similar events over the years (I still remember that day in second grade in 1968 when Robert F. Kennedy was assassinated).

I’ll never forget Sept. 11, 2001 because the terrorist attack occurred on the same day as a massive layoff where I worked at the time – Teradyne. Since the company had major facilities in Boston and the Los Angeles area, the layoffs on the East Coast occurred before the terrorist attacks but, due to the time difference, people had not yet arrived at work on the West Coast, so those layoffs had to be postponed.

In the days that followed, after news of the Boston layoffs had reached California, managers awkwardly tried to address the issue until the West Coast layoffs were conducted about a week later. Also, there was one Teradyne employee on the flight that departed Boston – Peter P. Hashem of Tewksbury, MA, for whom a memorial fund was set up.







Back Tomorrow…

We’re off to Yellowstone today for a much needed quick little break. If not for the fact that a little more life gets sucked out of us each and every day as part of the process of trying to get the bank to respond to our short sale offer (it looks like we’ll easily make it to the four month mark in another couple weeks), some items would have been scheduled to appear here later today, but the energy required to arrange that just couldn’t be mustered…

This is the Madison River at Madison Junction where the bison (no, not buffalo) like to hang out, sometimes mixing it up with the elk  – give it a click for a ginormous image.

Here’s a pretty remarkable story that was spotted over at Patrick.net the other day. In what is clearly a sign of the times for the U.S. economy, the health care system, and government spending, one ex-con is now about to be incarcerated again in order to get more convenient health care. The details are in this report at Signs on San Diego.

Robber says he did it to go back to prison

Peter Barry Lawrence pointed a BB gun at a bank teller and was surprised at the amount of bravado that surged through him. He threatened to shoot anyone who followed him out.

“I felt like Clint Eastwood or Charles Bronson,” he said. “There was a sudden rush of adrenaline.”

Lawrence, 71, made his getaway in his wheelchair, with $2,000 in cash on his lap. He was headed back to his rented room at the nearby San Diego Downtown Lodge, but he took a meandering route down Seventh Avenue until the police caught up with him five minutes later.

And just like that, the rush was over. But that was all part of the plan.

The way Lawrence tells it, Monday’s robbery of a Chase Bank was just a desperate ploy to get back behind bars, where he believes he will receive better medical care than he has been able to obtain on his own.

On the outside, Lawrence subsisted on about $1,000 from the government in social security and other benefits while dealing with colon cancer, diabetes, Parkinson’s disease, and a number of other ailments. This led him to the conclusion that life in prison was better than as a free man where it became too difficult to get around town to access free health care from Medicare and Medi-Cal … surely there’s a lesson in here about something.

Don’t let that still shot below fool you – this is actually a pretty interesting (and funny) commentary about today’s World Cup Final as it relate to role of the U.S. in the world.

There’s more over at Davis’s blog – no cure for that – where you’ll find a transcript of the above along with some other recent work, all of which is quite entertaining.

The New Apple Friend Bar

From The Onion, America’s Finest News Source, comes this take on the lives of those people you see waiting in lines every few months or so when Apple launches a new product.

It wouldn’t be surprising to learn that some of the conversations in this clip were real.

Some July 4th Trivia

HBO rebroadcast the John Adams miniseries the other day and you might be able to find it on again today or via your cable company’s On Demand service. It’s well worth watching and, as I recall, the reading of the Declaration of Independence is in the first episode.  Here’s some related July 4th trivia from Holiday Corners – I still find that last one hard to believe.

• In May, 1776, after nearly a year of trying to work our their differences with England, the colonies sent delegates to the Second Continental Congress. Finally, in June, admitting that their efforts were hopeless, a committee was formed to compose the formal Declaration of Independence. Headed by Thomas Jefferson, the committee also included John Adams, Benjamin Franklin, Philip Livingston and Roger Sherman. On June 28, 1776, Thomas Jefferson presented the first draft of the declaration to Congress.

• Independence Day was first celebrated in Philadelphia on July 8, 1776.

• The Liberty Bell sounded from the tower of Independence Hall on July 8, 1776, summoning citizens to gather for the first public reading of the Declaration of Independence by Colonel John Nixon.

• On June 24, 1826, Thomas Jefferson sent a letter to Roger C. Weightman, declining an invitation to come to Washington, D.C., to help celebrate the 50th anniversary of the Declaration of Independence. It was the last letter that Jefferson, who was gravely ill, ever wrote.

• Thomas Jefferson and John Adams both died on Independence Day, July 4, 1826.

One of the bad things about living at such a high latitude is that the fireworks shows don’t start until about 10:30 PM. What do they do in Alaska? Start the show at 3 AM on July 5th?

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