Office Rumors

Office Rumors Blog – “Better reading this than the insides of your eyelids!”

Archive for April 2008

Thought for the Day

with one comment

Rush Limbaugh had this to say about Rev. Wright, as was posted by Andrew Sullivan:

I watched some of Reverend Wright this morning at the National Press Club. It seems obvious to me that he’s doing everything he can to wipe out Obama’s candidacy, and I’ll tell you why I think it is. I think that people like Reverend Wright — and I think there are a lot of other race business hustlers out there, by the way, who think this — really upset that if a black candidate is elected president, that they’re going to be somehow diminished in their task, at keeping everybody in their flocks all revved up and angry about the ages old sin of slavery and the ongoing discrimination.

So it appears to me, if you look at Reverend Wright, listen to what he says and analyze it from the context or perspective of what’s best for him, which is clearly all he’s interested in, what’s best for him is that if Obama loses, because then it’s easy for him to say, “See, the white power structure doesn’t want a black man to rise to the pinnacle of power in the United States of America.”

[…]

It would certainly fuel Reverend Wright’s future and continue to help him raise money and keep people whipped up into a frenzy. He’s not helpful. Whatever he thinks he’s doing, it is not helpful to Barack Obama.

No matter your bias to Mr. Limbaugh and his antics (his pompous act is just that–its radio and its entertainment). On this topic, while it reflects a pretty cynical world view is really spot on. There has to be a willingness (and effort) on both sides to work for equality. With out this, we’re treading water as a society.

This furthermore calls to issue Obama’s connections with Rev. Wright and how long he has waited to distance himself. He knew he’d be running. His staff knew about Wright. Why was this not taken care of early on? Why did he have to come half way and brush him off as a crazy uncle? I hope he doesn’t consider Iran’s President Mahmoud Ahmadinejad another “crazy uncle.”

It is good to see that he has finally distanced himself. Andrew gives him too much credit, believing this is genuine. I’m not convinced many politicians of any party, race, or creed are completely genuine. He has a chance to take a huge–dare I say revolutionary, for American politics–step forward in domestic policy and public discourse if he can successfully promote dialog on this divisive matter.

Also, on Andrew, I’ve gotten rather fed up with him lately. He’s been way behind the curve on Wright and Ayers and is clinging to his very early endorsement of Obama. I stand by the thoughts I have posted of his here. They seem to be filled with a reasonable amount of clarity (much like the one above, where he *gasp* agreed with Limbaugh).

Now, back to International Finance!

Advertisements

Written by walonline

April 29, 2008 at 10:47 pm

Posted in Politics

Tagged with , , ,

Dead Week

leave a comment »

It’s Dead Week this week at the University of Nebraska. In most places, you might think that means less work, or at least less class. In my experience (and that of my fellow students), that is not the reality. As such, blogging will be light here for the next week or so.

Finals week (May 5-9) shouldn’t be bad after Monday (the 5th).

Thank you for your patience.

Written by walonline

April 27, 2008 at 11:33 pm

Posted in Housekeeping

Tagged with ,

Friday Randomness (Office Jokes)

leave a comment »

Ever seen or pulled a practical joke like those in season one of The Office? Here’s 32 pictures of some pretty good ones. Everything from jello-covered peripherals to aluminum foiled cubicles.

Written by walonline

April 25, 2008 at 8:11 pm

Posted in The Web

Tagged with ,

It’s Not Hope, It’s Hypocrisy

with 3 comments

I mentioned earlier that Power Line has been diligently doing the muckraking when it comes to Barack Obama and Hillary Clinton. In this case, there are two articles–with sound clips–regarding two of his “friends,” Bill Ayers and Bernadine Dohrn. This is scary stuff from when they were activists and even as recent as the last few years. Obama claims that this stuff doesn’t hold much water for him because he was so young at the time.

At minimum, he used connections with these people to gain power and political clout as an “organizer” and move up in the political ranks of the Chicago area from there. One of those moves involved the dinner at Ayers and Dohrn’s house, sponsored by the state senator he replaced.

The thing that the media and blogosphere have not pointed out is the simple hypocrisy of Obama’s “Change” platform. In his The Blueprint for Change: Barack Obama’s plan for America, he writes:

We have a chance to bring the country together in a new majority – to finally tackle problems that Washington has ignored for too long.  And that is why the same old Washington textbook campaigns just won’t do in this election (Section 2:4).

This new politics of his “bringing the country together” is where I see the issue. He is the same dirty politician, rising out of rough backgrounds that are present in the mainstream political arena. The difference here is that he puts a charming, well-spoken face on it, which causes many people to trust him.

I’m not knocking his issues; I am knocking him as a candidate and a person. Its fraudulent to tell people you’re campaigning to bring a new type of politics to Washington (whatever that would be) and turn around and successfully play the same game his opponents do. In the last few weeks, we’ve seen his facade crack–most recently in his waffle incident. We’ll see how much more his shell is cracked as the Clinton camp gets more time to throw volleys before handing over the fight to the McCain campaign.

As you can see from prior posts here, I’ve been playing my commentary on the elections relatively equally. And, as far as issues are concerned, I would choose him, based on my “lesser-of-evils” discussions (most recently, here). When we break down candidates on a personality or character basis, there are some issues that certainly rise. Many of us know people that aren’t of the best character–people who have made mistakes in life–and many ourselves have made mistakes we aren’t proud of. The two individuals in this story still don’t have any regrets for their actions and wish they could have done more. Obama made use of their power and influence to further his political clout.

We often judge people by who they associate with. In this case, it gives us great insight into the Obama beyond the facade.

Written by walonline

April 25, 2008 at 11:02 am

Friday Photo of the Day

leave a comment »

This Friday Photo of the Day comes from karindalzeil at Flickr.

Its from the inside of PO Pears, a now-closed watering hole in Lincoln known for its live music on week nights and its random stuff on the walls and ceiling. I used to eat here every Friday. Also, many people who attended the University of Nebraska as an undergraduate will remember its Jazz events on weeknights (was it Thursdays?). Last week they auctioned off its assets.

Written by walonline

April 25, 2008 at 9:31 am

Posted in Friday Photos

Tagged with

First Tabacco, Now What?

leave a comment »

I am a huge proponent of smoking bans. It is one of few things that one person can do that can harm another. Now, however, there are movements to restrict freedoms of food choices, alcohol, and more. The vast majority of these have no effect on other individuals.

James Poulos has an interesting article on the pink police and their belief that certain normal choices–he uses vices–are too expensive for the state to afford. This is particularly worrying that people would take their power to impede on others. Poulos goes further, adding:

With the logic of latter-day capitalism pushing people toward the constant consumption of sociable personal pleasures (as the only reward that seems worth working for), pressure from above concerning which pleasures are permissible is not only freaky but dangerously paradoxical.

I’ve suggested before that the inevitable and prompt result of administrative tyranny is freedom by bribe. The particulars here seem to point in the same direction. Already we in the West are accustomed to our celebrities breakin’ all the rules. The more arbitrary and ridiculous the law becomes in trying to shape enjoyments, the more the issue will take on class contours. In the new dystopia, only the upper class will be able to afford lower class pleasures.

Now all the civil libertarians who protested smoking bans on the basis of the “slippery slope” argument look all the wiser.

Written by walonline

April 25, 2008 at 8:49 am

Google Predicting Higher Future Taxes?

leave a comment »

It would appear that way. A look at their FY07 financials indicate that they are trying to pay down their taxes now. Any good tax adviser would recommend paying off taxes early only in the case that tax rates will rise. Otherwise, it is best to defer taxes because of inflation, which cause dollars in the future to be worth less.

From Google’s form 10-K, filed February 15th, we find the following information:

Current:

2005

2006

2007

Federal

$ 506,322

$ 812,280

$ 1,288,310

State

141,101

191,266

294,935

Foreign

7,694

28,516

51,227

Total Current

655,117

1,032,062

1,634,472

Deferred:

Federal

14,273

(80,073)

(135,047)

State

6,890

(18,395)

(29,165)

Total Deferred

21,163

(98,468)

(164,212)

Provision for income taxes

676,280

933,594

1,470,260

The negative deferred taxes is normally an odd thing to see. In this situation, it leads me to believe Google is predicting a Democrat victory and an increased corporate tax rate. In light of a President with a historically-low approval rating, a switch of parties in office is a real possibility. Also, with the Republican candidate looking to continue the current tax policy, Google is only losing possible gains via interest and inflation as opportunity costs.

Written by walonline

April 24, 2008 at 1:08 pm

Posted in Markets, Regulation

Tagged with , , ,