Posts Tagged ‘Da Magnificent Seven’

Do ‘experts’ have any value?

Posted: December 10, 2019 by chrisharper in economy
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By Christopher Harper

If you turn back the clock six months to the end of May, the “experts” predicted gloom and doom for the U.S. economy.

The key piece of information was the yield gap between three-month and 10-year Treasury bonds reach a low of minus 13 basis points. According to the “experts,” the gap forecast a recession.

Almost every talking head chirped on every cable outlet: Recession, recession, recession.

Fast forward to the current economic mood: Unemployment to record low levels. Jobs up. Consumer confidence up. Productivity up.

The disconnect between the facts and the “experts” even had The Wall Street Journal wondering: What would we do without experts?

The report noted that the “experts” had failed to predict that employers added 266,000 jobs in November—the fastest pace since 312,000 in January—and the jobless rate dipped to 3.5%, matching September as the lowest level since 1969. Wages also advanced 3.1% from a year earlier.

The “experts” were nonplussed. Even DaTimes acknowledged that many of the “experts” got it wrong.

“The mainstream view of the economics profession — held by leaders of the Federal Reserve, the Congressional Budget Office, private forecasters, and many in academia — was that the United States economy was at, or close to, full employment.”

The “experts” got it wrong by a full one percent, arguing that 4.7 was as good as it could get. The workforce prediction was off by more than one million people.

Fortunately, consumers and small business owners haven’t followed the advice of the “experts.”

Americans’ view of the economic outlook improved significantly in December, according to a University of Michigan consumer-sentiment survey. The University of Michigan’s gauge of consumer sentiment rose to a December reading of 99.2 from a final November reading of 96.8. Economists had expected a December reading of 96.9.

I guess we can add economists to the list of experts who can’t be trusted. That list already includes political analysts, sports commentators, and climate-change advocates.

One final note: We lost a true expert when Paul Volcker died this week. As chairman of the Federal Reserve under Carter and Reagan, he was responsible for bringing the country out of a deep recession and for stopping rampant inflation.

By John Ruberry

Forty years ago Sunday I saw my first rock concert–and a great way to start out–it was my 18th birthday and it was the Who at the International Amphitheater in Chicago.

Sunday morning I was headed to another midwestern city on another birthday of course, this time headed for Milwaukee to run in the Santa Hustle 5K. And from my iPod I pressed “Play” to listen to the latest, and probably last, album by the Who, entitled, simply, Who.

The Who always had an attitude–and they still do. Lead singer Roger Daltrey, 75, now a baritone, barks out Pete Townshend’s lyrics on the opening track, “All This Music Must Fade.”

I don’t care. I know you’re gonna hate this song. And that’s it. We never really got along. It’s not new, not diverse. It won’t light up your parade. It’s just simple verse.

Townshend, 74, who wrote all but one of the songs for Who, the exception is “Break The News” by his brother Simon, looks back at the past, as is expected by any old man. Townshend once wrote on his iconic 1965 classic, “My Generation” this boast, “I hope I die before I get old.”

Chronologically only drummer Keith Moon,died young at 32, but years of drug and alcohol abuse aged him quickly–he was a physical wreck when he died in his sleep of a drug overdose. Drugs killed bassist John Entwistle at 58, also in his sleep, on the eve of a Who tour.

The Who have taken us from “The Music Must Change” on Who Are You, the last album with Moon, to “All This Music Must Fade.” Moon, who died a month after that album’s release, was unable to play drums on “The Music Must Change” because it was in the 6/8 time measure. He was once considered the worlds greatest rock drummer

The surviving Who members, aided on some tracks by unofficial bandmates Zak Starkey on drums and Pino Palladino on bass, don’t embarrass themselves. But they don’t exceed expectations. So if you’re looking for a septuagenarian anthem to match with “I Can See For Miles,” or “Won’t Get Fooled Again,” you will be disappointed. With few exceptions, the aforementioned “Break The News” is one, Who is formulaic, it’s got just enough synthesizers to recall Who Are You and the other Townshend/Daltrey Who album, Endless Wire, and the Townshend backup vocals seem scientifically placed. And that’s a problem as Townshend and Daltrey never appeared in the studio together for Who.

Other elements of the past on Who include the album artwork, designed by Peter Blake, who also created the Face Dances album cover, and the song “Detours.” Who scholars know that the earliest incarnation of the band was named the Detours.

“Ball and Chain” was the first song released from Who. It’s about the Guantanamo Bay detention center. Townshend opposes it, and that’s all you can extract from the pedestrian lyrics, that is, to reference “All This Music Must Fade,” only “just simple verse.”

As one ages death often becomes a common thought, and Townshend explores mortality in several songs here. If you are looking for intriguing albums about death, I recommend instead Magic and Loss by Lou Reed and the later albums of the American series by Johnny Cash. If you are prefer something less morbid from an older person looking back, the two Americana albums by Ray Davies, the Kinks mastermind, will provide a much better experience than Who for you.

Let me obscure. The most moving song about getting old and having regrets is “Ghosts” by Randy Newman, from his largely forgotten Born Again collection.

Back to the Who.

But does any of this discussion even matter to Daltrey and Townshend? I downloaded the deluxe version from Apple Music, which contains “Got Nothing To Prove.” An unexpected throwback to the mid-1960s, when the Who was a great singles band, it would have been one of the best tracks on the album, had it not been ruined by James Bond-theme styled orchestration.

Yes, the Who has nothing to prove anymore.

John Ruberry regularly blogs at Marathon Pundit.

At the Doris Miller Memorial in Miller’s native Waco, Texas.

by baldilocks

Doris “Dorie” Miller has always been my favorite Pearl Harbor hero. Is it because he was black? Partially.

Simply, it’s impossible to separate his race from his heroism, considering that the US. Military was segregated back then, that black servicemen and women were mostly assigned to segregated units, and that most were tasked with servant and “menial” jobs. Miller, himself, was a cook — Messman Third Class and Ship’s Cook Third class — aboard the USS West Virginia. Way back when I was in kindergarten, he was the first war hero to enter into my consciousness.

Miller was the recipient of the Navy Cross – at that time, the third highest award behind the Medal of Honor and the Navy Distinguished Service Medal  — for the following:

When the Japanese attacked Pearl Harbor on December 7, 1941, Miller was doing laundry below decks on the USS West Virginia. When the alarm called the ship’s crew to battle stations, Miller headed a gun  magazine amidships [sic]. A torpedo had damaged the magazine, so the physically strong Miller began carrying the wounded to safety. Among those he attended to was the ship’s commander, Capt. Mervyn Bennion, who was mortally wounded. Miller then manned a .50-calibre antiaircraft gun, for which he had no training, and continued firing on the enemy until he ran out of ammunition and received the order to abandon ship.

Admiral Chester Nimitz himself pinned the Navy Cross to the young man’s chest. Miller died in 1943 when his subsequent ship, the USS Liscome Bay, was sunk by the Japanese. He was 24.

There was a Navy destroyer escort/frigate named in Miller’s honor – the USS Miller, service date 1973 to 1991.

What I love about Doris Miller’s existence is that the man was here for only a short time and was merely playing the cards that life dealt him when he performed the action that will long outlive him. When the challenge came, he stepped to it and met it — something intrinsic in heroes and heroism.

And this may seem like a change of topic, but it isn’t. Back when Senator Robert Byrd (D-WV; ironically) passed away in 2010, I remembered writing — prior to his passing — about his actions during WWII:

Byrd refused to serve in World War Two due to blacks being a part of the force, even in their lowly status before the desegregation of the US Armed Forces in 1948.  I cited that here using Wiki, but the reference has been cleaned up.

If, by some chance Byrd got to go to Heaven, I hope he gets to be Dorie Miller’s butler.

Whoever Miller’s Heavenly Cook and Messman is, I’m sure he’s just happy to be there serving a great man and is doing so with a smile.

Juliette Akinyi Ochieng has been blogging since 2003 as baldilocks. Her older blog is here.  She published her first novel, Tale of the Tigers: Love is Not a Game in 2012.

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It’s been a bad week for the Navy. The bad news of two dead in a shooting in Pearl Harbor, HI, followed by three dead from a Saudi flight student in Pensacola is simply devastating. In a less publicized case, a Sailor died after a person ran a gate, traveling 81 miles per hour before he slammed into Petty Officer Oscar Temores’ car, killing him. This follows a string of other shootings in previous years, from the NOSC at Chattanooga, TN in 2015, to the USS Mahan (in Norfolk at the time) in 2014. These aren’t particularly dangerous areas of the country, so what, exactly, is going on?

First, some militarizes in the cases. Most don’t involve legal private firearms. They are either US Navy firearms (Pearl Harbor, Mahan) or illegally obtained weapons (Pensacola). And in all cases, its still illegal to have private firearms on a Navy installation.

Second, there were some warning signs that weren’t followed. The Pearl Harbor shooter was about to go to Mast (equivalent of a court hearing), but was issued a firearm for his watch station. The Virginia Beach gaterunner had multiple law violations before he ran the Little Creek Gate. I’m guessing we’ll find the Pensacola shooter had mental health issues as well.

Lastly, where were the Navy’s police (called Master at Arms)? In all cases, they responded pretty quickly. Nobody can respond instantly though. The Pearl Harbor shooting was over in less than 60 seconds. Police quickly engaged the Pensacola shooter, limiting his damage to 11 people, but if you’re in a big auditorium space with hundreds of people and no instant police, the sad reality is it will take time to lock down, time a shooter can use to murder more victims.

It doesn’t help that the Navy is struggling to recruit young MAs (see the low 2019 numbers here), most of whom are doing the day-to-day “beat” jobs. Less young MAs in cars and at gates, less police presence, and increased police response time. MA jobs have decent promotion chances compared to other ratings, but part of this is likely due to a lack of candidates.

The Navy is spending a lot of effort in conducting active shooter exercises. They’ve become more frequent and more realistic. However, they are always focused on training the police force. But past experience shows a shooting might not last very long, and most people are injured or killed in the initial seconds to minutes. In that case, the quick response by bystanders makes or breaks the encounter. Attacking the shooter in those critical first few seconds may mean the difference between a mass shooting and a few injuries.

Shootings will continue to happen, and given the number of weapons on a base, we can’t stop them. But we can out-think shooters. They’ll expect passive victims that don’t fight back. We shouldn’t give them that.

This post represents the views of the author and not those of the Department of Defense, Department of the Navy, or any other government agency.