Tuesday, July 31, 2007
The iPod has become a target for theft. So how can you take your iPod out of your home without fear? Hide-a-pod!
Monday, July 30, 2007
"Markets can remain irrational longer than you can remain solvent."
— John Maynard Keynes
"The only thing that can console one for being poor is extravagance."
— Oscar Wilde
"It is pretty hard to tell what does bring happiness; poverty and wealth have both failed."
— Kin Hubbard
"The key to making money in stocks is not to get scared out of them."
— Peter Lynch
"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem."
— JP Getty
"You try to be greedy when others are fearful, and fearful when others are greedy."
— Warren Buffett
"A cynic is a man who knows the price of everything, and the value of nothing."
— Oscar Wilde
"Do you know the only thing that gives me pleasure? It is to see my dividends coming in."
— John D. Rockefeller
"A gold miner is a liar standing beside a hole in the ground."
— Mark Twain
"There was a time when a fool and his money were soon parted, but now it happens to everybody."
— Adlai Stevenson
"It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges."
— John Maynard Keynes
"The safe way to double your money is to fold it over once and put it in your pocket. "
— Frank Hubbard
"Save a little money each month and at the end of the year you'll be surprised at how little you have."
— Ernest Haskins
Sunday, July 29, 2007
Saturday, July 28, 2007
Friday, July 27, 2007
Letterman Interviews Sacha Baron Cohen
Thursday, July 26, 2007
The meaning behind the lyrics of Don McLean's American Pie. Janis Joplin, The Beatles, Bob Dylan, War & Peace, drugs, murder, Hell's Angels and the Rolling Stones. And, of course Buddy Holly, Ritchie Valens and The Big Bopper.
In 1971 Don McLean was a struggling 25-year-old folk singer when he picked up his guitar to write a song for his second album.
"I was up in a— in a — in a little bedroom of a little house that I had, and I started singing, 'A long, long time ago,'" he told Early Show co-anchor Russ Mitchell. "And I started writing it down. 'Oh, that sounds good. I like that,' you know. And then I — I started going with it and started — the — the — the memory of the death of Buddy Holly came — came along, and I — you know, but I didn't want to say that. So I — you know, I said, 'February made me shiver.' I just really went back in time to when I was a paperboy."
He was a 13-year-old paperboy on February 3, 1959, when he delivered the news that three pioneers of rock 'n' roll — Ritchie Valens, the Big Bopper and Buddy Holly — had died in a plane crash.
"I was always interested in the — in — in the American experience. And I suddenly, in my little head, I realized that I could use rock 'n' roll and the story of rock 'n' roll and forward-moving lyrics, starting with the death of Buddy Holly, to tell the story of America," he said.
Wednesday, July 25, 2007
A Safer Way to Race Hot Cars
Very cool idea, via WSJ:
Mitchell Friedman drives a German-made Audi S4, designed to go 150 miles per hour or more for long stretches. But the 48-year-old New Jersey businessman has never come close to pushing the needle that far.
Although he's fascinated with fast cars, Mr. Friedman confesses to being "a bit scared. Besides, I've got two young children, and my wife won't let me drive fast."
He and other U.S. drivers fearful that their cars' capabilities exceed their own have another option on the horizon: touring, a deceptively sedate name for a pastime that strives to preserve the pulse-pounding speed of competitive racing but eliminate its spectacular smash-ups.
Originated in Europe, the concept is being introduced in the U.S., with one of the first touring tracks under construction in Monticello, N.Y. At an expected cost of $50 million, it's scheduled to open next year.
Tourers typically drive fast on wide, specially paved private racetracks with plenty of room for error. An instructor usually sits in the passenger seat telling drivers how fast or slow to go as they negotiate straightaways, the quick-succession of left-right turns in chicanes and the abrupt change of direction in hairpins. Cars on the course stay out of sight of each other -- often up to a half-mile apart. Passing isn't allowed. Speeds can reach up to 200 mph, instructor permitting.
This racing concept may have originated in Europe, but its coming to America:
"Michael Kaplan, a former mergers-and-acquisitions attorney who is leading the investor group behind the Drive & Race Club, says he wasn't interested in building a track where amateurs can race each other; there's already about three dozen of those. The track is not for someone "looking to be next to some crazy kid who's trying to beat him," he says, but for "someone who wants to be with guys with fast cars who are just as scared as he is."
Nestled in the Catskill Mountains foothills about 80 miles northwest of New York City, the facility is being built at a time when well-heeled baby boomers have been buying expensive, high-performance automobiles capable of race-car speeds.
Their appetite is stoked by advances in aerodynamics, fuel-injection systems and carbon-fiber bodies that have made possible lightweight cars that can exceed 230 mph. "If you drive through any number of upscale neighborhoods with a keen eye, you'll see all these shiny new cars just sitting in garages," Mr. Kaplan says.
In the New York area -- where bankers and brokers have been enriched by a bullish stock market -- the demand is so great that the wait for a Lamborghini can be about a year and about two years for a Ferrari, several local dealers say.
The initiation fee at the Monticello track will be up to $100,000, with annual dues of up to $7,500 depending on how often members will use the track. Mr. Kaplan says membership will be limited to 750 and he has signed up about 100, with a goal of reaching 200 by the time of the facility's opening next spring.
And its coming to a newly built track near you:
After sifting through motor-vehicle records, Mr. Kaplan says he found that the Northeast -- especially New York, New Jersey, Connecticut, Pennsylvania and Massachusetts -- had the highest concentration of fast-car owners in the nation.
Experts say that car owners in other metro areas -- Los Angeles, Chicago, San Francisco and Phoenix -- have expressed interest in touring tracks. Several are on the drawing board, including ones in Pennsylvania and New Hampshire.
"If these tracks can be built with an element of safety to them," says Elliot Johnston, a California-based racing instructor, "I can see these types of clubs really taking off."
Building a high-speed course for amateurs, especially for drivers protective of their expensive sports cars, isn't an easy task. To construct the Monticello course, Mr. Kaplan has turned to former racers and engineers at Rutgers University and the Massachusetts Institute of Technology. Factors to be considered: the gravitational forces on the driver that can equal those on a fighter-jet pilot and the difficulty of stopping at high speeds.
"When you're going at 180 mph and you put the brakes on, it feels like you have no brakes at all," says Brian Redman, a 70-year-old former British racing champion and a Monticello consultant. At about 3.5 miles, the Monticello track will be one of the longest in the sport. Straightaways are twice the width of a U.S. highway lane. Around corners, they will be triple the normal width.
Special "high-friction" surfaces will be installed on the bends and other tricky spots to keep the stray Porsche from skittering off the track. The outer fringes will be laid with two types of surfaces: coarse asphalt for greater tire grip and a rubber composite for bringing the car to a faster stop.
The course meanders through 225 acres of rolling hills. At its straightest point, it stretches for about a mile -- great for high speeds. The rest of the course is broken up by hairpin turns, corkscrews and bends.
The club has hired an MIT researcher to set up cameras on the track, in cars and at the clubhouse to film members as they wind their way around the course. Analyses of the footage can help drivers improve their performance. MIT's AgeLab views the club as a rare opportunity to study the reflexes of aging baby-boomers behind the wheel.
Very, very cool.
A Not-So-Crash Course
An Auto Touring Track Offers The Fast and the Timorous
A Safer Way to Race Hot Cars
By JOSEPH PEREIRA
July 3, 2007; Page A7
Tuesday, July 24, 2007
Way Too Right of the Target . . .
Tom Toles via Yahoo!
Monday, July 23, 2007
2008 BMW M3
One of my favorite track cars gets even better:
You can pretty much sum up all of the accolades in a quick factoid from Gerhard Richter, vice president of BMW M Power, who said in Motor Trend that the V8-powered M3 clocked 3.4 seconds faster on the Nürburgring Nordschleife than the V10 M5. That’s 8:10 a lap. He added: “I could do that while talking to you as I drive.”
But there’s another side to that story. In the same Motor Trend review, Angus Mackenzie, the magazine’s editor in chief, called the E92 M3 “a pussycat around town.” And he wasn’t the only one.
What Car? said it was “comfortable and well equipped, and is as eminently suitable as an everyday car as it is at home on racetracks.” AutoWeek said it was “not quite as tactile in its actions, perhaps, as the car it replaces.” And Car thought that “in trying to hit so many targets, the E92 leaves purists wanting.”
Kind of sounds like the bean counters have turned the M3 into an AMG: all big engine and great numbers and a drive that’s too refined.
Is the BMW M3 Too Perfect?
Richard S. Chang
NYT, July 12, 2007, 10:50 am