I use this space to document things that I want to remember or share with fellow friends and family.
Wednesday, April 20, 2011
Wachovia's drug money laundering and the global economic swindle
What does drug money laundering look like in the 21st century? Can you believe Wachovia, Bear Stearns, Lehman Brothers, Bank of America, CitiBank, the Federal Reserve, and the biggest banks in the world, were intimately involved with Mexican drug cartels? And that the cash liquidity of the underground cocaine market is the only thing keeping the global financial sector running? Watch the video, read the story that broke in the Guardian, and make your own conclusions. Watch the sound byte pulled at the 7:00 minute mark. According to the UN investigators, in times when other bubbles burst, the only thing keeping banks afloat is the unceasing global demand for cocaine.
The authorities uncovered billions of dollars in wire transfers, traveller's cheques and cash shipments through Mexican exchanges into Wachovia accounts. Wachovia was put under immediate investigation for failing to maintain an effective anti-money laundering programme. Of special significance was that the period concerned began in 2004, which coincided with the first escalation of violence along the US-Mexico border that ignited the current drugs war.
Criminal proceedings were brought against Wachovia, though not against any individual, but the case never came to court. In March 2010, Wachovia settled the biggest action brought under the US bank secrecy act, through the US district court in Miami. Now that the year's "deferred prosecution" has expired, the bank is in effect in the clear. It paid federal authorities $110m in forfeiture, for allowing transactions later proved to be connected to drug smuggling, and incurred a $50m fine for failing to monitor cash used to ship 22 tons of cocaine.
More shocking, and more important, the bank was sanctioned for failing to apply the proper anti-laundering strictures to the transfer of $378.4bn -- a sum equivalent to one-third of Mexico's gross national product -- into dollar accounts from so-called casas de cambio (CDCs) in Mexico, currency exchange houses with which the bank did business.
"Wachovia's blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations," said Jeffrey Sloman, the federal prosecutor. Yet the total fine was less than 2% of the bank's $12.3bn profit for 2009. On 24 March 2010, Wells Fargo stock traded at $30.86 -- up 1% on the week of the court settlement.
The conclusion to the case was only the tip of an iceberg, demonstrating the role of the "legal" banking sector in swilling hundreds of billions of dollars -- the blood money from the murderous drug trade in Mexico and other places in the world -- around their global operations, now bailed out by the taxpayer.
Pay Your Taxes? These 10 Companies Didn't.
Tuesday, March 15, 2011
Thursday, March 10, 2011
Forever Young
As a young kid I was always interested in fast cars. In high school all of my cars were hot rods. My fastest Mustang turned high 14's in the quarter mile and my fastest car was a Nova that was in the mid to high 13's. It was a bored out 396 with a big cam and carb, and a 411 rear end. It moved pretty well but it was like a tank with a rocket strapped to it - it could only do one thing go forward fast. My friends and I were fearless, bordering on careless, in fixing and racing cars. For the fews hours of the week that they actually ran, they were fun cars to drive. I had one that I had to park on a hill because the compression was so high that it kept stripping the starter wheel. My friend, shit man Dan, nick named me burner because of the famous amounts of tread I would leave on the hill to our high school. I will still never forget my junior prom when we decided to rebuild my engine for one of my Mustangs. It was 5 p.m. and I was finishing installing the rebuilt engine in my car with my Mom telling me that I had to shower. My poor girlfriend at the time - when we got out of the car for dinner I noticed that there was grease all over her prom dress.
Fast forward to modern day. I now drive a Ford GT500 Shelby Mustang - it is the fastest car I have ever owned. It is disguised as a regular Mustang with its black stripes on black paint. On my daily commute I get challenged once a week for a friendly race, so far my record is perfect. Today I beat a M3 BMW this morning, was not much of a race. At 540 hp and 510 torque, when the supercharger kicks in it is game over. Last week it was a new Chevy Camaro SS that was bright red with white stripes. He was surprised so much that he chased me down, rolled down his window and asked what I did to the car to make it so fast. He also commented on the sound of the engine. When the supercharger is called to duty it make a high pitched whine that is unique. It is also like being in an airplane when the wheels leave the ground, you can hear the change in the engines as they move to their highest RPM's. The races are usually over before I leave 3rd gear (somewhere just past 100 mph). A couple of weeks ago we were in Menlo Park and raced a Corvette Z06 which has a much bigger engine (7 liter versus 5.4), but less hp and torque. It could have just been the driver, but he was shocked. Oh well, I know how ridiculous and immature it is, but I must admit I am having fun.
Thursday, February 03, 2011
Wednesday, January 12, 2011
Neil Pasricha: The 3 A's of awesome
Inspiring presentation about how this author faced personal challenges and motivated himself to happiness as a result. His three A's are: attitude, awareness, and authenticity.
Thursday, January 06, 2011
Friday, December 10, 2010
Tuesday, November 30, 2010
Monday, November 15, 2010
Talking clearly & visually about plastic pollution
Ram Dass, Love Serve Remember
Brief video of Ram Dass talking about the profound effect his spiritual teacher had on him.
Aaron Huey: America's native prisoners of war
A presentation about the history of Native American Indians summarized as prisoners of war.
Thursday, November 04, 2010
Sunday, September 26, 2010
4050 Clover Valley Road, Rocklin, CA
Wednesday, September 08, 2010
Rick Warren on a life of purpose | Video on TED.com
Very inspiring talk about serving others with what you have been given (identity, income and influence).
Tuesday, August 03, 2010
Julian Assange: Why the world needs WikiLeaks | Video on TED.com
Great interview with the founder of WikiLeaks. One of his points is the current failure of journalism today is to surface the kind of information that can create true reform and how that is a primary purpose of reporting.
Friday, May 28, 2010
Story from Journey of Awakening by Ram Dass
All night the wise men meditated on the matter. In the morning they brought the King a ring. The King said that he did not see how the ring would serve to make him happy when he was sad, and sad when he was happy. The wise men pointed to the inscription. When the King read it, he was so delighted that he spared them all.
The inscription read "this too shall pass."
Sunday, April 18, 2010
Friday, April 02, 2010
Capitalism: A Love Story
The film also talked about three memorandums from Citibank describing the change in the distribution of wealth in the U.S.: the top 1% have more wealth than the bottom 95% and their biggest fear is that society will leverage the one advantage that they still have over this 1% - each citizen's right to vote.
Every U.S. Citizen should watch this movie.
Wednesday, March 24, 2010
DAN RATHER REPORTING U.S. FINANCIAL MELTDOWN
YOU WOULD THINK THAT IN THE WAKE OF THE BIGGEST FINANCIAL MELTDOWN SINCE THE GREAT DEPRESSION, WITH FINGER POINTING FROM WASHINGTON TO WALL STREET AND A POPULIST OUTCRY ON MAIN STREETS ACROSS THE COUNTRY, THAT SOME MAJOR OVERHAUL OF THE AMERICAN BANKING SYSTEM WAS INEVITABLE. BUT LITTLE HAS BEEN DONE SO FAR. AND EVEN THOUGH THE POLITICAL PROCESS FOR REFORM IS IN MOTION, IF THE DEBATE OVER HEALTH CARE IS ANY GUIDE, TURNING LOUD ARGUMENTS INTO LAW WILL BE DIFFICULT, ESPECIALLY WITH BIG MONEY LOBBYIST HEAVY IN THE MIX. BUT BEFORE WE MAP OUT THE FUTURE, IT'S IMPORTANT TO UNDERSTAND HOW WE GOT TO WHERE WE ARE IN THE FIRST PLACE. WE TALKED WITH CHARLES GASPARINO, A JOURNALIST AND AUTHOR WHO NOW WORKS FOR THE FOX BUSINESS NETWORK. HE RECENTLY WROTE THE CRITICALLY ACCLAIMED BESTSELLER, THE SELLOUT, ABOUT HOW OUR CURRENT ECONOMIC MESS WAS DECADES IN THE MAKING. WELL FIRST OF ALL, THANK YOU VERY MUCH FOR DOING THIS. THANKS FOR HAVING ME. WELL, THE TITLE OF YOUR BOOK IS SELL OUT. WHO SOLD OUT? LET'S TALK ABOUT ACCOUNTABILITY. WALL STREET HAS ALWAYS BEEN A NECESSARY EVIL, AS FAR AS I'M CONCERNED. AND, YOU KNOW, IT'S A PLACE THAT PEOPLE FORGET. YOU KNOW, THEY THINK THEIR STOCK BROKER IS THEIR FRIEND. AND THEY'RE NOT. YOU KNOW, THEY JUST SELL YOU STUFF. WELL, YOU DESCRIBE IT AS BASICALLY BOOK MAKERS. THEY ARE. THEY ARE. AND SOME OF 'EM MIGHT BE NICE GUYS. AND THEY MAY GIVE YOU A GOOD INVESTMENT. BUT I THINK PEOPLE FORGET THAT THESE GUYS ACTUALLY ARE THERE TO SELL YOU STUFF. AND I THINK THE CULT-- THAT CULTURE OF SELLING YOU STUFF, EVEN STUFF THAT'S BAD, THROUGHOUT THE YEARS, GOT WORSE AND WORSE. AND I TRIED TO SHOW HOW THAT HAPPENED. AND HOW THE CULTURE OF TAKING RISK WAS BEHIND THAT, YOU KNOW? MAKING AS MUCH MONEY AS YOU CAN IN THE SHORTEST AMOUNT OF TIME. AND THEN YOU GOTTA ASK YOURSELF, "WELL, WHAT WAS THE SORT OF ULTIMATE INDUCEMENT TO DO THAT? I MEAN, BECAUSE PEOPLE JUST DON'T DO THAT." YOU KNOW, WHEN YOU TAKE RISK, YOU CAN ALSO LOSE A LOT OF MONEY. AND THE ULTIMATE INDUCEMENT I-- I BELIEVE, AND I TRIED TO SHOW IN THIS BOOK WAS THE GOVERNMENT. THE GOVERNMENT BAILING THESE GUYS OUT, YOU KNOW EVERY STEP OF THE WAY. WELL, YOU TALK ABOUT, AND YOU'VE WRITTEN ABOUT, A-- QUOTE "A NEW BUSINESS MODEL." THAT WALL STREET EMBRACED. WHAT WAS IT? WELL, THAT WAS THE RISK MODEL. YOU SEE IN THE OLD DAYS, THE GOOD OLD DAYS, RIGHT? WALL STREET-- I MEAN, WHAT DID WALL STREET DO? YOU WENT TO YOUR-- IF YOU'RE AN INDIVIDUAL, YOU GO TO YOUR STOCK BROKER AND HE SELLS YOU STOCK. A STOCK, A BOND, A MUTUAL FUND. IF YOU'RE A CORPORATION YOU GO TO GOLDMAN SACHS. AND THEY WOULD SAY, "WELL, DO YOU WANT TO MERGE WITH SOMEBODY ELSE? DO YOU WANT TO BUY SOMETHING? OR IF YOU'RE A BIG INVESTOR, LIKE A PENSION FUND, YOU GO TO WALL STREET AND YOU SAY, "YOU KNOW, CAN YOU GIVE ME SOME RESEARCH ON WHERE I SHOULD PUT MY MONEY." AND IT WAS AN ADVISORY BUSINESS. IN THE LATE '70S, EARLY '80S, IT CHANGED. AND IT-- IT BECAME A BUSINESS PRIMARILY BASED ON RISK. AND THERE WERE LOTS OF FORCES. AND THERE'S NEVER ANY ONE REASON WHY SOMETHING HAPPENS. ONE REASON WAS THAT-- THAT THEY FOUND THEY COULD MAKE MUCH MORE MONEY ON RISK, RIGHT? THE ADVISORY BUSINESS WASN'T-- WASN'T TOO GLAMOROUS. THEY ALL BECAME PUBLIC COMPANIES. SO, THEY WERE PLAYING NOT WITH HOUSE MONEY. REMEMBER WALL STREET FIRMS ARE GENERALLY PARTNERSHIPS IN THE PAST. THEY WENT FROM PLAYING WITH HOUSE MONEY TO PLAYING WITH SHAREHOLDER'S MONEY. SO, THEY'RE A LITTLE MORE WILLING TO-- TO ROLL THE DICE. AND THEN YOU HAD A CERTAIN AMOUNT OF GOVERNMENT INDUCEMENTS, EARLY. AND IT KEPT-- IT KEPT BUILDING OVER THE YEARS. THEIR MORTGAGE-BACKED SECURITIES BECAME ONE OF THE PRIME WAYS THEY TOOK RISKS. ONE OF THE REASONS WHY IS BECAUSE THE GOVERNMENT MADE IT EASY TO CREATE THESE THINGS AND SELL THEM. AND FOR PEOPLE TO BUY THEM. AND THEN WHEN I THINK IT WAS PRETTY KEY, THEY ALSO KNEW THAT AS WALL STREET STARTED GROWING IN SIZE, THE GOVERNMENT WAS THERE A LOT OF TIMES TO-- TO LESSEN THE PAIN, WHEN THEY -- WHEN THEY ROLLED THE DISC, WHEN THEY ROLLED THE DICE AND LOST. THERE IS THIS MOOD IN THE COUNTRY, IF I'M ANY JUDGE. AND I'M SOMETIMES WRONG ABOUT THESE THINGS. THAT PRESIDENT OBAMA HAS FAVORED WALL STREET AND THE BANKS. HE'S TAKEN CARE OF THEM, AT THE EXPENSE OF PEOPLE IN THE MIDDLE INCOME RANGE AND THE LOWER INCOME RANGE AND THE POOR. ANYTHING TO THAT? IT'S NOT JUST OBAMA. IT'S A GROUP THINK OF PEOPLE THAT ARE RUNNING GOVERNMENT. AND ESPECIALLY THE POLICYMAKING PARTS OF GOVERNMENT, INVOLVING FINANCE. THE FED AND THE TREASURY. IS THAT EVERY TIME WALL STREET GETS BAILED, GETS IN TROUBLE, WE GOTTA BAIL 'EM OUT, BECAUSE THEY'RE TOO BIG TO FAIL. AND ONE OF THE THINGS I SHOWED IN MY BOOK IS THAT IF YOU LOOK AT 2008-2007, WHEN THEY MADE THE-- THE HUGE LOSSES, AND OBVIOUSLY THEY GOT-- THE MASSIVE BAILOUT IN 2008. IT WAS A BIG BAIL OUT IN 1998. THERE WAS A BIG BAILOUT IN 1994. AND THERE WAS ONE IN 1986 OVER BONDS, BELIEVE IT OR NOT. NOT STOCKS, BONDS, WHICH ARE ALWAYS MORE TOXIC AND CAUSE MORE LOSSES. AND THE BAILOUT GENERALLY INVOLVES GIVE 'EM FREE MONEY, TAKING' INTEREST RATES DOWN. IN 1990, IT WAS A LITTLE DIFFERENT. THEY ACTUALLY DIRECTLY INTERVENED AND BAILED OUT A HEDGE FUND WHERE ALL THE WALL STREET FIRMS ARE CONNECTED TO. EXCUSE ME. ARE YOU TELLING ME THAT THROUGH THE REAGAN, BUSH I, CLINTON ADMINISTRATIONS, AS WELL AS THE BUSH II ADMINISTRATION? ABSOLUTELY. ALL THIS WAS BUILDING? IT WAS BUILDING FOR YEARS. AND IT WAS 30 YEARS OF RISK TAKING. AND WHAT-- WHAT YOU DO IS WHEN YOU BAILOUT WALL STREET, BESIDES THE FACT THAT YOU'RE BAILING OUT, YOU KNOW, WALL STREET, (LAUGH) AND YOU'RE NOT BAILING OUT MAIN STREET. IS YOU'RE CREATING SOMETHING CALLED MORAL HAZARD. YOU'RE-- ESSENTIALLY, YOU'RE-- YOU'RE TELL-- TELLING THEM THERE'S NO REPERCUSSIONS FOR DOING STUPID THINGS, FOR GAMBLING. THAT'S WHAT YOU MEAN WHEN YOU WROTE ABOUT MORAL HAZARD? THAT'S IT. THAT'S-- RIGHT THERE. MORAL HAZARD IS WHEN I-- WHEN I GIVE YOU SO MUCH-- WHEN I BAIL YOU OUT EVERY TIME, YOU TAKE MORE RISK. BECAUSE YOU KNOW THERE'S NOT A REPERCUSSION TO YOUR-- TO TAKING RISKS. SO, YOU ROLL THE DICE IN EVEN WORSE WAYS. AND THAT'S WHAT WALL STREET DID UNTIL 2008. IF THEY DIDN'T BAIL 'EM OUT THAT TIME, I MEAN, YOU KNOW, I HAVE NUMBERS IN MY BOOK. $100 TRILLION OF DERIVATIVES AND MORTGAGE BACKS. I MEAN, WHOEVER HEARD OF THAT? $100 TRILLION. BY THE WAY, CAN YOU DEFINE A DERIVATIVE? A DERIVATIVE IS-- A SECURITY THAT'S-- IT'S -- IT'S DERIVED FROM ANOTHER SECURITY. IT'S NOT QUITE THAT SECURITY, BUT IF YOU KIND OF FIN-- FINAGLE THE INCOME STREAMS, AND, YOU KNOW, YOU CAN CREATE A CONTRACT OUT OF THAT WHERE I CAN BASICALLY OWE YOU SOME MONEY IF CERTAIN THINGS HAPPEN. AND YOU DO IT BASED OFF A SECURITY. I BUY IBM, I BUY PUTS IN IBM. THAT'S AN OPTION TO-- TO SELL IBM AT A CERTAIN PRICE. SO, THAT-- THAT SECURITY, THAT OPTION IS DERIVED OFF THE-- THE-- THE STOCK ITSELF. WELL, THAT'S JUST DIRECT-- DEFINITION AS I'VE EVER HEARD. BUT TO A LOT OF PEOPLE, DERIVATIVES-- STRIKES YOU AS JUST SO MUCH FINANCIAL WALL STREET GOBBLEDYGOOK. WELL, IT IS GOBBLEDYGOOK, IN THE SENSE THAT, YOU KNOW, IT'S HARD TO EXPLAIN. LISTEN, THESE GUYS ARE SMART. THEY WEREN'T TOO SMART THAT THEY-- THEY CREATED THIS HUGE DERIVATIVES MARKET, WHERE IF YOU HAD THE SLIGHTEST SORT OF-- BUMP IN THE ROAD IT ALL SORT OF FAULTED. AND-- WE HAD MORE THAN A SLIGHT BUMP IN 2007. WE HAD A MAJOR BUMP. AND THAT'S WHY THE WHOLE THING IMPLODED. BUT GETTING BACK TO YOUR ORIGINAL QUESTION, IF YOU LOOK AT WALL STREET, THEY GET BAILED OUT ALL THESE TIMES. THEY GET BAILED OUT LAST YEAR IN A MASSIVE WAY. AND MAIN STREET NEVER GETS BAILED OUT. BUT YEAH, EXACTLY. IF YOU HAVE A CLEANING ESTABLISHMENT OR A CONVENIENCE STORE. YOU'RE DONE. YOU DON'T GET BAILED OUT. NO. AND IF YOU LOOK AT WHAT'S GOING' ON. YOU HAVE THE BANKS, THE TRADITIONAL BANKS, CITIGROUP, J.P. MORGAN, BANK OF AMERICA, WELLS FARGO MAYBE. JUST-- THOSE ARE THE MAIN-- THE BIG ONES. THOSE ARE THE TRADITIONAL BANKS. THEY ACTUALLY HAVE DEPOSITS. THEY HAVE,THEY LEND, SOMETIMES (LAUGHS). NOT-- NOT ENOUGH, OBVIOUSLY. ON THE OTHER HAND, YOU HAVE THE INVESTMENT BANKS, THE REMAINING ONES. YOU HAVE MORGAN STANLEY AND GOLDMAN SACKS. LOOK AT THE INVESTMENT BANKS, THEY ARE CONSIDERED COMMERCIAL BANKS. THE MINUTE THEY GOT BAILED OUT, IN ORDER TO SAVE THEM, BECAUSE THEY WERE ABOUT TO IMPLODE, TOO BECAUSE THEY TOOK-- THEY DID ALL THIS RISK TAKING. THEY WERE ALLOWED-- ABOUT TO IMPLODE LIKE BEAR STEARNS DID, LIKE LEHMAN BROTHERS DID, LIKE MERRILL LYNCH DID BEFORE IT WAS-- YOU KNOW, IT WAS-- IT WAS ON THE VERGE BEFORE IT WAS SOLD TO BANK OF AMERICA. THEY DECLARED THEM COMMERCIAL BANKS. OKAY? IT WAS A STOP GAP MEASURE. RIGHT? IT TOOK THE INVESTMENT BANKS TO COMMERCIAL BANKS. RIGHT. NOW, WHY DOES THAT MATTER? WELL, WHEN YOU ARE A COMMERCIAL BANK, YOU ARE AUTOMATICALLY BACKED UP BY THE FEDERAL RESERVE. YOU CAN BORROW FROM THE FEDERAL RESERVE. INVESTMENT BANKS CAN'T REALLY DO THAT. YOU GET ALL THESE SORT OF LENDING'S. YOU KNOW, EASY LENDING. AND SO, IN THAT-- SO, THAT'S WHAT HELPED SAVE THEM. THE FACT OF THE MATTER IS THEY WERE BEING TOO BIG TO FAIL WITH THE GOVERNMENT BACKING THEM UP. CREDITORS EXTENDING THEM LINES OF MONEY, LINES OF CREDIT. THEY WERE ABLE TO SURVIVE. ALSO, IT -- IT GIVES THEM OPPORTUNITY TO GET CHEAP FINANCING, BOTH FROM THE FED AND THE MARKET, BECAUSE IF SOMEONE KNOWS YOU'RE BACKED UP BY THE FED, THEY CAN LEND TO YOU, AT FAVORABLE RATES. WELL GUESS WHAT? THEY'RE STILL COMMERCIAL BANKS. IF YOU THINK ABOUT, GOLDMAN SACHS IS-- SHOULD NOT BE A COMMERCIAL BANK RIGHT NOW, RIGHT? WE ARE ALLOWING THEM TO MAKE MONEY, HAND OVER FIST, YOU KNOW, WITH A GOVERNMENT SUBSIDY. IT MAKES NO SENSE. MORGAN STANLEY SHOULDN'T BE-- A COMMERCIAL BANK RIGHT NOW. THEY'RE GETTING THE TAXPAYER'S MONEY AT VIRTUALLY ZERO INTEREST. ABSOLUTELY. INVESTING IT AT TWO PERCENT INTEREST. IF YOU THINK ABOUT IT -- IT'S-- IT'S KIND OF WHAT THEY DID IN THE PAST, ONLY NOW IT'S-- HOPEFULLY THEY'RE NOT INVESTING IT IN MORTGAGE-BACKED SECURITIES THAT ARE ABOUT TO BLOW UP. IT-- IT'S A SUBSIDY, WHEN YOU'RE DEEMED A COMMERCIAL BANK, WHEN YOU'RE BACKED UP. AND BY THE WAY, IF YOU REALLY SCREW UP, YOU CAN BORROW FROM THE FED, IF YOU WANT. BUT THAT SUBSIDY ALLOWS YOU TO GO OUT AND BASICALLY EARN THAT TWO PERCENT WITH NO RISK. AND IT'S SCARY. AND IT'S ON THE TAXPAYER BACK. THE OTHER HAND IS YOU HAVE THE BANK BANKS. NOW, SHOULD THEY BE CONSIDERED TOO BIG TO FAIL? AND THAT'S AN INTERESTING QUESTION. I MEAN, THAT'S ONE THAT-- IT'S HARD FOR PEOPLE TO GET THEIR ARMS AROUND. I MEAN, YOU KNOW THE, SORT-- THE-- THE FREE MARKETERS, I MEAN, HE SAYS, "NO WAY." BUT, YOU KNOW-- IF WE DON'T HAVE A FUNCTIONING BANKING SYSTEM IN THIS COUNTRY, THEN WE'RE IN DEEP TROUBLE. WELL, YOU SAY THE FREE MARKET CHAMPIONS. BUT THESE SAME FREE MARKET CHAMPIONS ARE GETTING THESE SUBSIDIES ARE THEY NOT? YES AND NO. THE ODDITY IS WALL STREET WAS NEVER A PURE-- THEY NEVER BELIEVED IN REAL FREE MARKET. YOU KNOW, THEY ALWAYS-- WALL STREET ALWAYS LOVED THE INSIDE GAME. I MEAN, LISTEN, THERE'S-- THERE'S A LAW THAT I THINK IS A KEY PART OF-- OF THE REASON WHY WE'RE IN WHAT WE'RE IN RIGHT NOW. IT'S-- IT'S-- ACTUALLY, THE-- THE LAW WAS GOOD, GETTING RID OF THE LAW WAS BAD. IT WAS CALLED GLASS-STEAGALL. IT SEPARATED COMMERCIAL BANKING ACTIVITIES, LENDING TO SMALL BUSINESSES. YOU KNOW, HOLDING DEPOSITS, CHECKING ACCOUNTS, FROM RISK-TAKING INVESTMENT BANKING. THEY DID IT FOR-- FOR A LONG TIME. THAT GREW OUT OF THE-- THE GREAT DEPRESSION OF THE '30S. RIGHT. RIGHT. THEY SAID, "LISTEN, BANKS OUGHT TO BE BANKS. AND INVESTMENT HOUSES OUGHT TO BE INVESTMENT HOUSES." RIGHT. 'CAUSE YOU DON'T WANT TO MIX RISK-TAKING WITH, YOU KNOW, GRANDMA MILLIE'S CHECKING ACCOUNT. AND IN 1999, CORRECT ME IF I'M WRONG-- THE POWERS THAT BE ON WALL STREET, WORKING WITH THE POWERS THAT BE IN WASHINGTON SAID, "WELL, LET-- THAT LAW'S OLD THINKING. WE SHOULD LET INVESTMENT BANKS ALSO DO COMMERCIAL BANKING." YEAH, THEY CALLED IT FINANCIAL MODERNIZATION. AND BEFORE THAT LAW WAS ACTUALLY KILLED, RIGHT? THERE WAS THIS MAJOR MERGER THAT BROUGHT COMMERCIAL BANKING AND INVESTMENT BANKING TOGETHER. IT WAS CALLED CITIGROUP. I WAS ALWAYS CRITICAL OF IT BECAUSE, SAY YOU WANTED TO BUY A STOCK FROM-- FROM YOUR BROKER AT-- AT CITIGROUP. HE HAD SO MANY CONFLICTS. HE WOULD HAVE TO PROMOTE THE STOCK TO YOU, RIGHT? HE WOULD SAY, "WORLDCOM, ENRON, GREAT STOCK." AND THE REASON WHY IS BECAUSE CITIGROUP HAD SO MANY MULTIPLE RELATIONSHIPS WITH-- WITH ENRON. AND THE FOLLY WASN'T, UNFORTUNATELY, JUST THE FACT THAT CONSUMERS WHO WENT THERE AND TRIED TO BUY STOCKS GOT A RAW DEAL. AND BY THE WAY, CITIGROUP PAID MANY, MANY, MANY MILLIONS IN FINES, BECAUSE OF THOSE CONFLICTS OF INTEREST LATER ON, AS THE SCANDALS-- CAME OUT IN 2002-2003. BUT THE REAL PROBLEM ACTUALLY BECAME A BALANCE SHEET PROBLEM. THAT YOU ACTUALLY MIXED-- THINK ABOUT THIS, RISK WITH AVERAGE BANKING-- ACTIVITIES. WHERE YOU SOMEHOW INFECTED DEPOSITS WITH THIS INSANE BOND TRADING ON THE SIDE, AND THAT'S ESSENTIALLY WHAT HAPPENED. AND HERE'S WHY THE FREE MARKETERS WERE SO WRONG. JUST THINK ABOUT IT. WE-- IN THIS COUNTRY, WE'VE TAKEN THE POSITION, WHETHER YOU AGREE WITH IT OR NOT, THAT -- THAT DEPOSITS SHOULD BE INSURED. THAT WE NEED BANKS. THAT THE F.D.I.C. SHOULD BACK UP BANKS. SO, WHAT FREE MARKETERS FORGOT IS THAT WHEN YOU COMBINE RISK TAKING WITH -- WITH THIS, WITH -- WITH DEPOSITS, YOU BASICALLY STARTED TO GUARANTEE, AND COVER, AND MAKE -- MAKE RISK TAKING SORT OF PROTECTED BY THE FEDERAL GOVERNMENT IT'S A SORT OF TAILS I WIN. HEADS, I WIN. YEAH. BUT THINK ABOUT IT. WHAT'S SO FREE MARKET ABOUT CITIGROUP? IT CAN LOSE ALL THIS MONEY, AND BECAUSE ITS DEPOSITS ARE BACKED UP BY THE FEDERAL GOVERNMENT, THE FEDERAL GOVERNMENT WILL MAKE GOOD ON THE DEPOSITS IF IT GOES UNDER. FEDERAL GOVERNMENT BEING MY TAX MONEY OR YOURS. YOUR TAX MONEY. BECAUSE IT'S SO BIG, THE FEDERAL GOVERNMENT'S GONNA COME IN AND BAIL THEM OUT. CITIGROUP IS -- IS A BASKET CASE. IT'S NOW DIRECTLY OWNED BY THE FEDERAL GOVERNMENT. SO, AS A TAXPAYER, I OWN PART OF IT. YOU DO OWN PART OF IT. I DON'T KNOW IF YOU WANT IT, BUT YOU OWN IT. BUT WHAT I'M SAYING IS THAT IT WAS THE LEAST FREE MARKET LAW IN THE WORLD. WELL, WHAT YOU'VE LAID OUT, AND CORRECT ME IF THIS PERCEPTION IS WRONG, BUT IT SEEMS TO LAID OUT THAT BIG BUSINESS, WALL STREET, IS IN BED WITH BIG GOVERNMENT. HAS BEEN FOR YEARS AND STILL IS. AT THE EXPENSE OF THE REST OF US. YEAH. I MEAN, THE EXPENSE KEEPS BUILDING UP. I MEAN, WE'VE HAD 30 YEARS OF THE-- I GUESS THE CASH REGISTER GOING ON THIS THING. AND-- YOU KNOW, IT'S SCARY, BECAUSE, YOU KNOW, NINE-- AFTER 2008, AFTER THE OBAMA ADMINISTRATION CAME IN THERE, THERE WAS A POINT WHERE YOU THOUGHT MAYBE SOMETHING RADICAL MIGHT CHANGE. AND I DON'T MEAN RADICAL IN TERMS OF, YOU KNOW, A REVOLUTION. I MEAN, SOMETHING THAT-- THAT MIGHT SORT OF BREAK UP THIS-- THIS SORT OF NEXUS-- REAL REFORM. YEAH, REAL REFORM. AND YOU KIND OF KNEW IT WASN'T GOING TO HAPPEN WHEN HE DIDN'T DISBAND THE SECURITIES AND EXCHANGE COMMISSION. AND I'LL TELL YOU WHAT, IF THERE WAS ONE ENTITY THAT FELL DOWN ON THE JOB IN A MAJOR WAY OVER THE LAST 30 YEARS OF SCANDALS, IT'S THE S.E.C. I MEAN THERE'S NO DOUBT... WELL, THE S.E.C., THE SECURITIES AND EXCHANGE COMMISSION, IS SUPPOSED TO BE LOOKING AFTER MY INTERESTS AND THE INTERESTS OF OTHER INDIVIDUAL AND COLLECTIVE INVESTORS. RIGHT. AND NOT ONLY THAT, THEY WERE SUPPOSED TO MONITOR THE CAPITAL LEVELS OF THE INVESTMENT BANKS, WHICH THEY-- THEY MIXED UP-- THEY MISSED ON THAT. BUT WHEN THE BERNIE MADOFF SCANDAL, THE MASSIVE PONZI SCHEMER WAS EXPOSED, I GOT A REPORT FROM A HEDGE FUND, DUE DILIGENCE FIRM THAT ACTUALLY LOOKED INTO MADOFF AND TOLD HIS CLIENTS NOT TO-- NOT TO INVEST WITH HIM. BECAUSE HERE ARE THE FIVE REASONS WHY THEY-- YOU SHOULDN'T. THEY WERE PRETTY COMPELLING REASONS. YOU KNOW, THE GUY KEEPS SAYING HE NEEDS 12 PERCENT A YEAR FOR 20 YEARS. THAT NEVER REALLY HAPPENS. HE WAS EXAMINED BY THE S.E.C. EIGHT TIMES, EVEN THOUGH THEY DIDN'T CATCH ANYTHING, THAT'S A HUGE RED FLAG, THAT HE KEEPS COMING' UP ON THEIR-- ON THEIR LIST. AND I SAID, "YOU KNOW, THIS IS INTERESTING." HE WAS EXAMINED BY THE S.E.C. EIGHT TIMES AND THEY NEVER CAUGHT HIM. AND IF THERE WAS EVER A RATIONALE-- AND BY THE WAY, THEY-- THEY DIDN'T CATCH HIM, BECAUSE THEY DIDN'T SAY, "LET ME SEE YOUR TRADING RECORDS. LET ME MAKE SURE YOU DID ONE TRADE." IF THERE WAS EVER A TIME WHEN TO GET RID OF THE S.E.C., IT WAS THEN, BECAUSE THEY WERE OBVIOUSLY AN INCOMPETENT ORGANIZATION THAT WAS INCOMPETENT BECAUSE OF CONFLICTS. I MEAN A LOT OF THOSE GUYS AT THE S.E.C. WANT TO GO WORK FOR THE BERNIE MADOFFS IN THE WORLD. LET ME TALK ABOUT THE FEDERAL RESERVE. LAY OUT FIRST WHAT THE FEDERAL RESERVE HAS BECOME. WELL, THEY ARE KIND OF LIKE, YOU KNOW, A SORT OF REFEREE FOR WALL STREET. AND WHAT THEY'VE DONE IS THEY'VE GONE IN AND BY BAILING OUT-- BY THE WAY WHEN-- WHEN THE FED-- WHEN I SAY BAILOUT, WHAT DOES THAT MEAN? THE FED GOES IN AND SLASHES INTEREST RATES. IT CREATES FREE MONEY. THERE'S NO SUCH THING AS FREE MONEY. WELL, IT IS IF YOU WORK ON WALL STREET. IF YOU CAN BORROW FROM THE FED AT ZERO, THAT'S PRETTY FREE, OR NEXT TO ZERO. THAT'S PRETTY FREE. AND THAT'S ESSENTIALLY WHAT'S GOING ON. AND THERE'S A HISTORY OF THAT. AND THAT'S-- THAT-- THAT IS THE-- THE MORAL HAZARD THAT WAS CREATED. IF YOU KNOW YOU COULD-- THE FED IS ALWAYS THERE. IS GONNA BAIL YOU OUT. I MEAN, THE FEDERAL RESERVE WAS NOT CREATED TO BAILOUT WALL STREET, YOU KNOW? BUT THAT'S WHAT THEY'VE DEVELOPED INTO. THE LAST 30 YEARS THEY HAVE. LET'S GO BACK TO THE WORST DAYS OF LAST YEAR. I REMEMBER THOSE. PRETTY SCARY FOR EVERYBODY. WERE WE CLOSER THAN WE THOUGHT TO THE GREATEST DEPRESSION? NOT JUST GREAT DEPRESSION? OR LOOKING BACK ON IT, DID THAT TURN OUT TO BE A LITTLE OVERSTATED? NO, I THINK WE WERE. YOU KNOW, I'VE SAT HERE FOR AWHILE TELLING YOU WHY WE SHOULD CUT OFF THE UMBILICAL CORD AND NOT BAIL THESE GUYS OUT. WE NEEDED TO BAIL THEM OUT IN 2008. JUST BECAUSE WE BAILED THEM OUT SO MANY TIMES IN THE PAST, THE AMOUNT OF RISK EMBEDDED IN THE SYSTEM, THAT $100 TRILLION OF DERIVATIVES AND BONDS AND ALL THE GARBAGE THAT'S ON THE BALANCE SHEET, THAT WAS ABOUT TO BLOW. SO, YOU THINK IT WAS EVERY BIT AS BAD AS WE ALL THOUGHT IT WAS. IT WAS HAPPENING. I SAW IT. MAYBE WORSE AND THIS TIMEFRAME WAS WHEN? WAS THAT SEPTEMBER? IT WAS SEPTEMBER 5TH; IT WAS RIGHT AFTER LEHMAN'S BANKRUPTCY. DAYS AFTER LEHMAN BANK. SO, MORGAN AND-- AND GOLDMAN WERE ABOUT TO IMPLODE. THAT'S A HUGE THING, 'CAUSE THESE GUYS, THEY TRADE STOCKS. I MEAN, WHY DOES IT MATTER THAT PEOPLE TRADE STOCKS? WELL, YOU HAVE A PENSION FUND, RIGHT? YOU'RE-- YOU'RE A NEW YORK CITY SCHOOL TEACHER, PENSION FUND, DO YOU WANT IT TO GO TO ZERO? I MEAN, THAT'S A POSSIBILITY, IF PEOPLE AREN'T TRADING. THE FINANCIAL SYSTEM WAS SEIZING UP IN SUCH A MAJOR WAY, WHERE NOTHING WAS BEING TRADED. WHERE BANKS WERE GONNA HORDE CASH, WHICH THEY ARE RIGHT NOW. COULD YOU IMAGINE AS BAD AS THINGS ARE RIGHT NOW HOW-- HOW MUCH WORSE THEY WOULD HAVE BEEN IF WE JUST LET IT ALL FALL-- FALL IN, IMPLODE? WELL, THAT BRINGS UP THE QUESTION, IF BEN BERNANKE, HEAD OF THE FEDERAL RESERVE, WERE HERE, HE MIGHT SAY, "LISTEN, DAN RATHER, YOU TALKED TO THIS TERRIFIC INVESTIGATIVE REPORTER. BUT IN THE END, WE SAVED THE COUNTRY FROM GOING INTO POSSIBLY THE GREATEST DEPRESSION. OKAY, MAYBE WE DIDN'T HANDLE LEHMAN BROTHERS AS WELL AS WE SHOULD. MAYBE WE HELD OUR NOSES AND DID WHAT WE HAD TO DO WITH A.I.G. IF YOU LOOK BACK ON IT, WE PULLED THE COUNTRY BACK FROM THE PRECIPICE." DOES HE HAVE A POINT? YEAH, I AGREE. HE HAS A POINT. I THINK THEY WERE TOO SLOW TO DO IT. BUT IT-- BUT THE QUESTION IS, "WHY DID THEY HAVE TO DO ALL THIS?" AND THAT'S WHAT MY BOOK ATTEMPTS TO ANSWER. I MEAN, THIS WAS A HUGE THING. WELL, MY BOOK SAYS, "THEY HAD TO DO IT." IS BECAUSE THEY DID IT IN SMALL FORM SO MANY TIMES IN THE PAST THAT IF YOU DIDN'T DO IT NOW, IT WAS ALL OVER. WELL, AS WE SIT HERE TODAY, HAS WALL STREET LEARNED ITS LESSON? I DON'T THINK SO. AND THE REASON WHY IS BECAUSE WHEN YOU-- WHEN YOU SUBSIDIZE THEIR STUPIDITY, AS WE CONTINUE TO DO, YOU KNOW GOLDMAN, THERE'S NO REASON -- I KEEP HARPING BACK TO GOLDMAN SACHS, IT'S SUCH AN OBVIOUS EXAMPLE. IF YOU'RE GONNA ALLOW GOLDMAN SACHS TO OPERATE WITH SUBSIDIES. THEN YOU'RE GONNA-- THEN WHAT YOU'RE TELLING THE WORLD IS THAT THERE'S NO CONSEQUENCE. YOU'VE WRITTEN SELL OUT, THIS BOOK. IT WAS SOME WONDERFUL REPORTING IN THE BOOK. WHAT'S THE SINGLE MOST IMPORTANT THING YOU WANT PEOPLE TO KNOW? I BELIEVE GREED WAS AT THE CENTER OF THE IMPLOSION. BUT THERE'S A REASON FOR THAT. AND THE REASON FOR THAT IS BECAUSE WHAT WE HAD ON WALL STREET WASN'T JUST SIMPLE GREED. WE HAD SUBSIDIZED GREED. AND IT'S A BIPARTISAN SUBSIDY. IT WASN'T DEMOCRATS OR REPUBLICANS. YOU KNOW, THERE WAS A LOT OF FINGER POINTING IN WASHINGTON. YOU KNOW WHO WAS RESPONSIBLE FOR THIS. THIS WAS LARGELY BIPARTISAN. THERE'S THIS SORT OF PARTNERSHIP BETWEEN WALL STREET AND BIG GOVERNMENT. BIG WALL STREET, AND BIG GOVERNMENT, WHICH I BELIEVE IS DETRIMENTAL TO THE -- TO THE AVERAGE AMERICAN. AND I DON'T KNOW WHAT YOU CAN DO ABOUT IT. YOU CAN VOTE PEOPLE IN OFFICE THAT MIGHT WANT TO CHANGE THAT. BUT JUST KNOW THAT IT'S THERE. AND IF THERE'S ANY OUTRAGE IN MY BOOK, THAT'S THE OUTRAGE. CHARLES, THANK YOU.
Friday, March 19, 2010
"Betsy" Elizabeth Danheim, you will be missed
Thursday, February 18, 2010
12 lessons from Stephanie Tilenius (VP of Commerce at Google).
2. Think big. Develop BHAGs: big hairy audacious goals. Imagine the impossible and you will be surprised how much you can accomplish.
3. Aim to make a difference. Make the world a better place.
4. Say what you mean and do what you say. Execution and follow-through are critical. Thomas Edison said “Genius is 1% inspiration and 99% perspiration.” My father used to always remind me of this.
5. Competition makes you stronger. It also makes you serve your customers better.
6. Always put the customer first. And remember, you have to have a great product or service that is differentiated to win.
7. Take on the hardest challenges. Get out of your comfort zone. If you have not failed at something, you are probably not innovating.
8. Truth-seeking is half the battle in winning. You need to know where you stand in the war.
9. Move fast in a land-grab. Get network effects first. Remember, you need both popularity and profitability.
10. You can be an entrepreneur in a big company.
11. Pay it forward. Be a mentor.
12. If you make a mistake or fail, it’s OK. Fix it fast and move forward. But make sure to take the lessons away so you do not repeat them. Einstein said, “The definition of insanity is doing the same thing over and over again and expecting different results.”
Wednesday, January 20, 2010
Tuesday, December 29, 2009
Saying to start the day
Wednesday, December 09, 2009
Gregory Harold Boe, you will be missed my friend

Gregory Harold Boe, a resident of San Jose, Calif., passed away on Nov. 9, 2009 in San Jose.
Greg was born in Prineville, Ore., on Aug. 26, 1959. In 1977, he graduated from Crook County High School, where he especially enjoyed participating in varsity Cowboy athletic programs.
He earned a Bachelor of Arts degree in business at the University of Portland, graduating in 1981, and he moved to California, pursuing business interests.
He enjoyed fishing, hunting, golfing, traveling, playing cards, and spending time with family and his many close friends.
Greg is survived by his parents, Wallace and Rosemary Boe of Prineville; brothers, Stephen Boe of Bend, Ore., and Michael Boe of Sacramento, Calif.; and sisters, Denise Smith of Prineville, Teresa Patterson of Santa Cruz, Calif., Mary Ann Queen of Powell Butte, Ore., and Amy Harmon of Cornelius, Ore.
At the request of the deceased, no service will be held.
Memorial contributions may be made to the Crook County Athletic Programs at 1100 SE Lynn Blvd., Prineville, OR 97754.
Wednesday, November 18, 2009
Update from Amanda
Hello my lovely friends and family! Suwadee Kah!
I have so much to tell about, so prepare to read for a while! I'll start with Bali first...
After staying in Ubud for two nights, where I watched fascinating ethnic Balinese dances and visited "Elephant Cave" and the Monkey Forest Sanctuary, I was picked up by a very friendly driver named Wayan. He took me to Munduk, where Nyoman lives and where I would (I thought) work on school gardens. We taught each other English and Balinese along the drive, and he took me for lunch and drove the long way to see some beautiful rice paddies and other farms. When we got to Munduk it started to rain, and not a warm tropical rain, but a very cold heavy rain that you only experience in high elevations in Bali. The rest of my stay there I wore jeans and a flannel it was so cold! After a little rest, they took me to see the house where I would stay in a village called Sanda. Along the way we stopped at the office to meet Eloh, Nyoman's daughter. These names are very common in Bali; Nyoman means third born, while Eloh and Wayan mean first born. Eloh stayed with me at the house in Sanda, which I now call my garden house because it was completely covered in vines and cacao and vanilla and surrounded by rice paddies. It really was a beautiful sanctuary for me. I didn't start teaching until after the weekend, once Kuningan - the holiday celebrating Hinduism in Bali - had passed. I worked for two hours in the morning with a kindergarten class, mainly teaching English nursery rhymes and songs (we weeded the small garden on the last day of my stay there), and also taught a 4th grade and a 6th grade class for one hour. The kindergarteners were so cute and so fun to be around. They know no english but can understand my meaning just by expressions and pictures and games. One day after class, Nyoman took me to see the huge Banyan tree up the road from my garden house. It was over 600 years old, and you could climb in and out of it through the massive hanging roots! On the last day of my stay, Eloh took me to a waterfall which was huge and so powerful. That night I stayed at Nyoman's house and helped them cook a delicious feast of rice, noodles, chicken, fried vegetables, corn paddies, and so much other food that I could never explain in text! The next morning Wayan took me back to Kuta to the airport, where I set off for Thailand. I landed in Bangkok and went straight to the train station to catch the night train up to Chiang Mai, in the north of Thailand, where I would meet three of my friends from UCSC...
After a long 15 hour train ride and not really sleeping on chairs in a overly air-conditioned train, I found where my friends were staying, and finally got to enjoy Thailand. The food here is amazing and soooooo cheap! Everyone you meet here is smiling and everyone says hello where ever you go! I have to say its the perfect place to be travelling on my own, and in fact I would have it no other way. I spent Halloween in Chiang Mai, which was pretty uneventful as Thais don't normally celebrate it. The next night however was the start of Loi Krathong, where everyone sends off paper lanterns and sends "krathongs" - a boat made of banana leaf with candles, incense, food, flowers, maybe coins - down the river. You are meant to release something with the lantern and send away your bad luck and sins with the krathong (you can also make a wish on the krathong). The festival lasted two nights, and both nights there were parades through town, fireworks blown off at random by small children, tons of street food and street markets and way too many tourists! I also went to the Saturday and Sunday markets. They are held at night and are huge! Bags, shoes, jewelry, scarfs, candles, wooden figurines, postcards, and an abundance of cheap street food is what the girls and I were herded through by all the crowds of people. Everything was so cheap - 10 baht for pad thai, 5 baht for 2 spring rolls, 13 baht for an ice cream. (The currency is 33 baht to 1 USD!)
After revelling in the madness of the holiday in Chiang Mai, I set off for a town called Pai with my 3 girlfriends and 4 boys they had met in the south - 2 Danishmen and 2 Englishmen. I planned to spend a week or less there, and I ended up staying for almost 10 days! Pai is a really sweet little hippie town consisting of about 3 main streets, tons of artists and live music over several bars every night. The boys rented motor bikes, and us girls hopped on the back and cruised around the north, stopping for a waterfall here, a nice look out over rice paddies there. Scooter gang!!! The girls and I went on a 2 day, 1 night trek around the north of Pai, starting on the day before my birthday. The first day we hiked up a massive hill and stopped at a waterfall for lunch, then continued to a Lahu Hilltribe village where we ate dinner and slept. I was awakened by a full chorus of every rooster from every corner of town at about 4AM, and the ballad of the farm did not stop from then on. But I have to say I would want no other way to spend my birthday then to wake up in a village of such kind, gentle people in the middle of a bamboo forest in Thailand. The rest of the trek was a bit tiresome as we had to hike along a river and ended up crossing this river about 20 times. Oh and there were leaches in the river - yay. Luckily no blood-suckers found my skin, only my sock and boots!
A day later the girls left and I stayed in some nice bungalows by myself and ended up meeting a crew of amazing Isreali people that had taken over the rest of the hostel! Pai also had a really nice pool to lounge by, which was extremely convenient as it was extremely hot my last few days in Pai. I also tried to go on an elephant ride. It was something I've wanted to do even before leaving for Thailand so I was really looking forward to it. I went with a really nice girl from Hawaii named Chelleigh and both of us were amped to finally get to be with the elephants. What we didn't know was that the elephant camps were actually enslavement camps. The elephants were chained maybe 5 feet from a post, not free to graze on banana trees as they would have liked. We rode a 45 yr old female elephant (elephants live to be about 80, so this one was getting old). You could tell she had given rides her whole life and was tired. She would walk really slow, and sitting on her back I could feel her bones shift with each huge step. Every once and a while she would stop and the guide sitting at her neck would hack at her with this horrible tool that looked like a small grim reeper cane. The top was metal, and was not sharp to the touch, but could definitely leave a mark, and it was then that we noticed the scars on her forhead. The tour was meant to last for an hour, but neither Chelleigh nor I could bare to see her hit like that for more than 5 minutes. Our guide didn't understand when we said we wanted to go back, but eventually steered her around, pushing with his feet on her ears.When we got back to the camp they let us feed the elephants. I made a point to give them as much banana tree as I could carry, while Chelleigh argued with the owner of the camp that hitting the elephants hurt them. "Oh it doesn't hurt them" they say, "they have thick skin." But Chelleigh had a good point, "then why would they react to you hitting them if it didn't hurt?" The man who organized the tour was shocked, not at how they are treated, but at our disliking of it. He was very apologetic and refunded us half of our money, and later bought us a drink at the bar.
After realizing I'd spent over a week in one place, and had less than two months to see so much more, I headed back south for a night in Chiang Mai, then went up north the other way to Chiang Rai. The fiance of a man I used to go sailing with lives there, Nattaya, and she was very helpful and showed me some wonderful parts of Chiang Rai. The night I arrived we went to the night market and went through a bit of the Saturday ngiht market. I bought a kilo of mandarins for 15 baht! The next day we went to the White Temple, done by the most famous artist in Thailand who lives in Chiang Rai, but whose name I forget (its a long one). This was unlike any other temple I have seen. Most have very traditional images of buddha or buddhist art around it. His temple included traditional art, but also had a really modern, clever touch to it. The whole thing was painted white and embroidered with tiny glass mirrors. White flowers were planted around it, and white fish swam in a pond around it too. The entrance had hands and skulls (painted white of course) coming up from the ground like from the depths of Hell. Once inside the temple, you are confronted with a thought-provoking mural. At the entrance is an image of a giant (like the one at the entrance to Goa Gajah - see pics!) and coming out of his mouth is "civilazation." Right near him are Western images - Batman, Spiderman and Superman all watched over the wretchedness of western civilization - prostitution, Pepsi, the twin towers burning, gasoline being pumped into ancient dragons' mouths, converse sneakers, profanity, police...you get the picture. Floating away from that were images of really happy families in lotus petals, all with their hands in prayer. They seemed pulled by their happiness to the back of the temple, where a monk sat still in meditation. A contrast, perhaps, of east and west...
Yesterday I went on a long-tailed boat ride with a couple of Canadians that I'd met in Pai, and bumped into randomly on the bus comin to Chiang Rai from Ch Mai. We took about an hour journey throught the river to a hot spring, which unfortunately was closed for cleaning, then went to a hilltribe village where they had a massive boa constrictor. It was 100 baht to take a picture using your camera holding the snake, and the three of us went in on it. She weighed 40 kilos and was 10 years old, just at her prime. At first she lay limp in our hands (I held the back end!) then after a while she started to move a bit. I was amazed at how strong she was - she could easily kill something much larger than me! Then I saw pictures of her on the walls, stretched out for 8 hands to hold. Looking at her cage, which wasn't half the length of her full body, I felt so sorry for her. She was captured from the forest, and now was making money for her owners off of awe-struck tourists. I find it hard to support such abuse, and stayed for a while to watch her, to see what she feels. You could tell she wanted out, that she didn't know why she'd been captured or why people had to hold her all the time. She drew her head near me and sniffed the air with her tongue. I bent down to see her face and she hissed ever so softly. I just imagined her praying that I would unlock the cage and set her free, and I wished that I could...
I am back in Chiang Mai now for the afternoon, catching a bus tonight to head down near Bangkok to the ancient capital of Ayuttaya. After a day there, I'll catch another night bus to go south to the province of Krabi - watch out beaches, here I come!
Monday, October 19, 2009
Statistics Show Social Media Is Bigger Than You Think
2. Social Media has overtaken porn as the #1 activity on the Web
3. 1 out of 8 couples married in the U.S. last year met via social media
4. Years to Reach 50 millions Users: Radio (38 Years), TV (13 Years), Internet (4 Years), iPod (3 Years)…Facebook added 100 million users in less than 9 months…iPhone applications hit 1 billion in 9 months.
5. If Facebook were a country it would be the world’s 4th largest between the United States and Indonesia (note that Facebook is now creeping up – recently announced 300 million users)
6. Yet, some sources say China’s QZone is larger with over 300 million using their services (Facebook’s ban in China plays into this)
7. comScore indicates that Russia has the most engage social media audience with visitors spending 6.6 hours and viewing 1,307 pages per visitor per month – Vkontakte.ru is the #1 social network
8. 2009 US Department of Education study revealed that on average, online students out performed those receiving face-to-face instruction
9. 1 in 6 higher education students are enrolled in online curriculum
10. % of companies using LinkedIn as a primary tool to find employees….80%
11. The fastest growing segment on Facebook is 55-65 year-old females
12. Ashton Kutcher and Ellen Degeneres (combined) have more Twitter followers than the population of Ireland, Norway, or Panama. Note I have adjusted the language here after someone pointed out the way it is phrased in the video was difficult to determine if it was combined.
13. 80% of Twitter usage is outside of Twitter…people update anywhere, anytime…imagine what that means for bad customer experiences?
14. Generation Y and Z consider e-mail passé…In 2009 Boston College stopped distributing e-mail addresses to incoming freshmen
15. What happens in Vegas stays on YouTube, Flickr, Twitter, Facebook…
16. The #2 largest search engine in the world is YouTube
17. Wikipedia has over 13 million articles…some studies show it’s more accurate than Encyclopedia Britannica…78% of these articles are non-English
18. There are over 200,000,000 Blogs
19. 54% = Number of bloggers who post content or tweet daily
20. Because of the speed in which social media enables communication, word of mouth now becomes world of mouth
21. If you were paid a $1 for every time an article was posted on Wikipedia you would earn $156.23 per hour
22. Facebook USERS translated the site from English to Spanish via a Wiki in less than 4 weeks and cost Facebook $0
23. 25% of search results for the World’s Top 20 largest brands are links to user-generated content
24. 34% of bloggers post opinions about products & brands
25. People care more about how their social graph ranks products and services than how Google ranks them
26. 78% of consumers trust peer recommendations
27. Only 14% trust advertisements
28. Only 18% of traditional TV campaigns generate a positive ROI
29. 90% of people that can TiVo ads do
30. Hulu has grown from 63 million total streams in April 2008 to 373 million in April 2009
31. 25% of Americans in the past month said they watched a short video…on their phone
32. According to Jeff Bezos 35% of book sales on Amazon are for the Kindle when available
33. 24 of the 25 largest newspapers are experiencing record declines in circulation because we no longer search for the news, the news finds us.
34. In the near future we will no longer search for products and services they will find us via social media
35. More than 1.5 million pieces of content (web links, news stories, blog posts, notes, photos, etc.) are shared on Facebook…daily.
36. Successful companies in social media act more like Dale Carnegie and less like David Ogilvy Listening first, selling second
37. Successful companies in social media act more like party planners, aggregators, and content providers than traditional advertiser
Sunday, October 04, 2009
Thursday, August 06, 2009
Long live Kelly Binley, rest in peace
Thursday, June 18, 2009
Bud Selig should be fired!


I am amazed as more stories continue to surface regarding steroid use in Major League Baseball how Bud Selig has kept his job and not been disband from baseball all together.
The rise of steroids in baseball was transparent to the world. Suddenly aging stars were having their most productive years at the end of their careers. Just look at the original Barry and the pumped up Barry. Suddenly in 2000, an older slower Barry is knocking more balls out of the park. Mark McGwire suddenly had a long forehead, and is hitting 24 homeruns to 70 in one season, humm something has changed. Now long after the fact the witchhunt is on for former MLB players - why? Why not focus on the top of the problem, the man that let it exist, profit from it the most, and did nothing to address it in a timely fashion - Bud Selig.
The single worst side effect of this entire scandel is that the game will never recover. This is a sport that is built and measured on statistics, and now this will never matter. There will be no more legends of MLB, what will you compare them to? So as the leader of the sport during the darkest peroid of history - Bud Selig should be fired!
Wednesday, June 03, 2009
Sam at Elk Fest
Wednesday, May 06, 2009
Haircut against Cancer
Sunday, April 05, 2009
Friday, April 03, 2009
Happy 50th to Vic
We spent last weekend celebrating our friend Vic's 50th birthday driving around Northern Ca wine country. It is a tough life and someone has to do it.
Monday, March 30, 2009
New car day!
Tuesday, March 24, 2009
Sad Day
Saturday, February 21, 2009
My childhood house
Tuesday, February 03, 2009
Sunday, January 25, 2009
Thursday, October 02, 2008
Quote from Jeff Bezos
Friday, September 12, 2008
Tuesday, July 29, 2008
Friday, June 06, 2008
Quote from Jay Leno
Thursday, May 08, 2008
Thursday, March 27, 2008
Long live TLC
I attended the funeral for one of my best friend’s daughter yesterday, see was fourteen when she past away. It is so difficult to accept such an early ending to one’s life; she was a beautiful young person. Her father wrote the eulogy, it was remarkable. It was a reflection of his love for his daughter and the wonderful time they spent together. It captured so much of her personality, and the great loss he was going through. He also included a tribute to her mother and to her brother who at the time was eight years old. There was not a dry eye in the service at the end of the eulogy; mostly everyone could ponder the loss as it relates to them. I myself have a fifteen year old daughter, she is everything to me. I am able to see her parents in her and herself as an individual as she evolves into her own person. I do not even try to relate, the very thought is too much to comprehend. My heart goes out to my dear friend and his family for such an enormous loss.
As I traveled back from the services, it struck me as odd as I contemplated the sayings that people - more specifically myself - which people choose to live by. My saying is “death is good for your practice.” It is all about appreciating how delicate life is and focusing your daily awareness as a result. What struck me as so odd was prior to yesterday it made so much sense to me, but after yesterday it was just words. It was just a comfort blanket that I intellectually wrapped myself in. The confrontation of hugging my friend and feeling his pain for a brief moment as he cried on my shoulder made me realize that the words, the saying, would not prepare me for a similar reality. Maybe I should not be prepared for such a tragedy, I am still pondering that thought.
The gift that I did receive from the experience was the continued reminder to love as best capable one can. Not only the ones that mean the most to me, but to as many as I can. Life is so much easier when one can love, such less resistance. Then when life goes away, which it will for all of us, there is less baggage to carry and more gifts for others. I hugged my wife hard this morning as I reminded myself how lucky I really am. To have someone who cares about me and to have someone to care for is a true blessing. I have many to care for and many who care about me, I am truly blessed.
Friday, March 14, 2008
Friday, March 07, 2008
The Carrot, the Egg and the Coffee Beans
A young woman went to her mother and told her about her life and how things were so hard for her. She did not know how she was going to make it and wanted to give up, She was tired of fighting and struggling. It seemed as one problem was solved, a new one arose. Her mother took her to the kitchen. She filled three pots with water and placed each on a high fire. Soon the pots came to boil. In the first she placed carrots, in the second she placed eggs, and in the last she placed ground coffee beans. She let them sit and boil; without saying a word. In about twenty minutes she turned off the burners. She fished the carrots out and placed them in a bowl. She pulled the eggs out and placed them in a bowl. Then she ladled the coffee out and placed it in a bowl. Turning to her daughter, she asked, 'Tell me what you see.' 'Carrots, eggs, and coffee,' she replied. Her mother brought her closer and asked her to feel the carrots. She did and noted that they were soft. The mother then asked the daughter to take an egg and break it. After pulling off the shell, she observed the hard boiled egg. Finally, the mother asked the daughter to sip the coffee. The daughter smiled as she tasted its rich aroma. The daughter then asked, 'What does it mean, mother?' Her mother explained that each of these objects had faced the same adversity: boiling water. Each reacted differently. The carrot went in strong, hard, and unrelenting. However, after being subjected to the boiling water, it softened
and became weak. The egg had been fragile. Its thin outer shell had protected its liquid interior, but after sitting through the boiling water, its inside became hardened. The ground coffee beans were unique, however. After they were in the boiling water, they had changed the water. 'Which are you?' she asked her daughter. 'When adversity knocks on your door, how do you respond? Are you a carrot, an egg or a coffee bean?
Think of this: Which am I? Am I the carrot that seems strong, but with pain and adversity do I wilt and become soft and lose my strength? Aim I the egg that starts with a malleable heart, but changes with the heat? Did I have a fluid spirit, but after a death, a breakup, a financial hardship or some other trial, have I become hardened and stiff? Does my shell look the same, but on the inside am I bitter and tough with a stiff spirit and hardened heart? Or am I like the coffee bean? The bean actually changes the hot water, the very circumstance that brings the pain. When the water gets hot, it releases the fragrance and flavor. If you are like the bean, when things are at their worst, you get better and change the situation around you. When the hour is the darkest and trials are their greatest do you elevate yourself to another level? How do you handle adversity? Are you a carrot, an egg or a coffee bean?
May you have enough happiness to make you sweet, enough trials to make you strong, enough sorrow to keep you human and enough hope to make you happy.
The happiest of people don't necessarily have the best of everything; they just make the most of everything that comes along their way. The brightest future will always be based on a forgotten past; you can't go forward in life until you let go of your past failures and heartaches. When you were born, you were crying and everyone around you was smiling.
Live your life so at the end, you're the one who is smiling and everyone around you is crying.
Tuesday, February 26, 2008
Randy Pausch's Really achieving your lifehood dreams

I recently viewed this lecture and was very moved by it. It is a very moving gift that he shares while being recently diagnosed with fatal pancreatic cancer and gives a lecture giving some advice based on his impending death.
You can see the lecture here:http://www.glumbert.com/media/lastadvice and you can view his website with the link of this post. This link is to the manuscript of this lecture, http://www.cs.cmu.edu/~pausch/Randy/pauschlastlecturetranscript.pdf .
Here are a couple of notes and quotes that I want to preserve:
"Experience is what you get when you don't get what you want."
"Brick walls in your path are there to test how bad you really want something."
"Talent does what it can, genius does what it must."
Some of his advice:
Work and play with others;
Tell the truth;
Apoligize (properly) by saying your sorry, admitting fault, and asking how one can make it better;
Wait, and people will show you their good side;
Show gratitude;
Don't complain, work harder.
Update from Amanda in Belize
Once again, life in the tropics have been incredible,
medicinal, beautiful, insightful...After spending some
time at the Maya center, we hiked up to Cockscomb Basin
Wildlife Sanctuary, which is a natural park reserved
especially for jaguars. I only went on one night hike, and
unfortunately didn't see any jaguars or other big cats,
but I did see some of the most dazzling waterfalls. One
day, we hiked up from our campsite to a place called Tiger
Fern Falls, where chilly refreshing water splashes down
limestone boulders into a sweet little watering hole. Upon
arriving there, having just finished a pretty intense
little hike, we promptly stripped down to our Birthday
suits, jumped in, and spent the afternoon swimming,
jumping from the waterfall, crawling around the rocks and
trees. All of those beautiful skins only enhanced the
already incredible scenery.
After Cockscomb, we spent one last night at the Maya
Center, where the couple that manages the place, Arora and
Ernesto, talked to us about their lives and experiences.
Arora is an herbal healer, and I just so happened to have
a little stomach flu, so she brewed me some tea that
worked immediately! This woman really has a magically
strong spirit, and I think if I ever get diagnosed with
cancer I will go straight to her. She talked to us about
how she got into herbal healing, how her uncle passed the
profession on to her, how people started coming to her for
help even before she made her occupation known. Listening
to her was so intriguing; it was so interesting to hear
her talk about the spirits that have helped her along. I
think we all to often dismiss signs and coincidences for
nothing, when we should try to figure out what these
experiences mean for us and learn from them, even if
certain things are hard to explain. Everything happens for
a reason...
The next day we headed out to the Bladen Nature Reserve,
where we spent two nights at a little research station,
then another 5 nights out in the wilderness. The research
station is called BFree, and is run by a man, his wife,
and three kids that all live at the station in the middle
of nowhere. A resident biologist studies snails as an
indicator species of the ecosystem around them, and his
wife keeps him company. A school teacher lives in the back
of the classroom, and the staff live in dorms - basically
its a pretty sweet little deal they got there. The 6 day
backpacking trip was probably the biggest learning
experience for me so far. Only researchers and student
groups are permitted into this ancient forest. There are
only a few trails that meander along 1500 year old trees,
that are completely untouched by humans and completely
covered in vines and epiphytes. The quamwood tree blooms
delicate yellow flowers to mark the start of the dry
season, which now have fallen to sprinkle the richly
vegetated humus layer. Crocodiles glare at us from the
river we hike along, snakes slither under our feet, and
huge spiders hide in decomposing fallen trees. Surrounding
all three of our campsites are watering holes flowing in
from a clear river called Richardson Creek. The limestone
it flows over looks like swiss cheese, and the greens and
golds of the forest around us are reflected in the ripples
and eddies. To me, the only things that makes this NOT
heaven are the little black snails that stick to the rocks
and severely punish bare feet, and the abundance of bugs.
Little schools of fish (apparently related to pirhanas)
nibble at my hairy legs, trying to pinch me awake from
this dream life. I feel so fortunate to have seen and
lived in such untouched wilderness for almost a week, to
have felt so connected to things around me, to see how the
lives of all things in that forest are intertwined, and to
become a part of that system. At our last campsite, we
pitched our tents on a little strip of sandy-gravelly
beach that pretty much sums up the beauties of the forest.
Vines with heart-shaped leaves are tangled on thousand
year old ceiba trees, surrounded by emergent cecropia
trees, next to a late blooming quamwood, which towers over
huge palm frawns, growing shrubs, and baby ferns. The
crystal clear water reflects a fallen tree in the middle
of the watering hole like an Alexander Dali painting. It
would not be surprising to see a Brontosaurus tromp down
river, or a Teradactyl fly over head!
On Wednesday, the 20th, we hiked back to BFree for one
last night in the jungle. We ate dinner, then had a little
group check-in where we all talk about how we're doing
(seriously, I'm getting school credit for this). After a
most intense and beautifully spoken check-in, our spirits
lightened with the positive energy of others, we emerged
from the dining hall to witness the beginnings of a full
lunar eclipse! Things like this just further intensify my
belief that everything happens for a reason, and that all
spirits are connected. I walked down to the river to watch
the shadow of the Earth dim the light of the Moon, letting
the light of our spirits shine out. It sounds kinda
cheesy, i know, but I don't think any living being could
dismiss signs and sounds like these. The best thing I have
felt so far is that feeling of connection, of hearing the
river gurgle over shallow rocks, watching King Toads
enflate their throats to ribbit a most tremulous ribbit,
to hear Howler monkeys growl from what sounds like the
depths of hell just hectare away, to see the brilliant
stars twinkle under the trees, and to watch the silvery
granite rocks that bed this stream become illuminated
under a golden moon, then to feel my flesh and bones on
these rocks. Even the mosquito bites and black flies that
bite and itch and the huge furry black spider that just
bit my foot connect me to my surroundings.
Now I'm in a little beach town called Punta Gorda, which
is about 2 miles long, about 90 degrees hot, where poverty
is present, but the smiles of the locals are constant. It
amazes me how happy the people are here, when so many
people with so much fortune are so unhappy in other places
of the world. I think a guy on a bus put it the best,
"Just another shitty day in paradise."
Tomorrow we leave for Barranco to do Garifuna homestays
(Garifuna is a community of people here with a very
interesting history and culture), then off to BARC, which
is a Agroforestry research center.
I hope all is well wherever you are, that you are happy
and thriving and learning. No stress!
Monday, February 25, 2008
Quotes from Stephen R Covey
"While we are free to choose our actions, we are not free to choose the consequences of our actions."
Quote from David O. McKay
Wednesday, February 20, 2008
Monday, February 18, 2008
Quote from Marian Wright Edelman
Tuesday, January 22, 2008
Monday, January 21, 2008
Friday, January 11, 2008
Thursday, December 20, 2007
Quote from Joan Didion
Thursday, December 06, 2007
Quote
Tuesday, December 04, 2007
Quote from Estee Lauder
Thursday, November 01, 2007
Quote from Karen Bliss Livingston
Karen Bliss Livingston, Olympic cyclist
Monday, October 08, 2007
Quote from Liane Cordes
Thursday, October 04, 2007
Quote from Danny Villanueva
Monday, October 01, 2007
Thursday, September 20, 2007
Wednesday, September 19, 2007
Quote from Albert Einstein
Wednesday, September 12, 2007
Quote from G.I. Gurdjieff
Wednesday, September 05, 2007
Quote from Ronald Reagan
Tuesday, August 21, 2007
Quote from Arnold H. Glasow, author and humorist
Wednesday, August 15, 2007
Quote from Robert Frost
Monday, August 13, 2007
Wednesday, August 01, 2007
Quote from Sam Walton
I saw this at Amazon too and could not agree more with this statement. High bars seek big results.
Wednesday, July 11, 2007
Last man standing
Tuesday, July 10, 2007
Thoughts on gun control by Chris Rock
Tuesday, June 05, 2007
Monday, June 04, 2007
Great photos of wild horses
We met this artist in Spokane at an art show, his work is really good. Here is some content from his website:
Randall Roberts uses the traditional film-based Black & White Photography Process & the historic bromoil process because as he says "they are my passions and I love the feel and spontaneity of an original silver print." All processes are hand-crafted - giving each photograph apersonal touch.
Randall Roberts prefers creating photographs in the darkroom letting each and every image speak to him - finishing only those that feel right.
Randall Roberts believes bromoils and black and white prints match our emotional and perceptual experiences. It relays more information about light, form, and essence in a way no other process does.



