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June 30, 2004

An Example of Dollar-Cost Averaging

So I was goofing around with my own investment records when I realized that I had a great way of showing the advantage of dollar-cost averaging. As you may recall from the mutual fund primer, dollar-cost averaging lets you reduce the variance (to use a poker term) by spreading out your investment over time.

Here's an example using some real world numbers (Vanguard 500 Index Fund). The following are share prices at the end of every quarter for two years.


Date Price/Share
6/21/2002 $91.22
9/27/2002 $76.37
12/27/2002 $80.73
3/28/2003 $79.69
6/20/2003 $91.94
9/26/2003 $92.08
12/26/2003 $101.15
3/26/2004 $102.30

From June 2002 - March 2003, the price/share of the fund dropped 12.64%. So if you had taken your maximum $2000 IRA contribution and stuffed into this fund in June and looked at your balance in March, you would have been pissed off.

From June 2003 to March 2004, the fund's price/share increased 11.27%. If you had put in $2000 in June and looked at your balance in March, you would have been pretty psyched.

Overall, from June 2002 to March 2004, this fund saw its share value go up by +12.15%. Your $4000 investment over two years would be valued at $4468 for a gain of 11.71%.

But what if you had practiced dollar cost averaging? That is, dividing your $2000 in fourths and investing it over the year?


Date Price/Share Trans. Amt Shares
6/21/2002 $91.22 $500.00 5.4813
9/27/2002 $76.37 $500.00 6.5471
12/27/2002 $80.73 $500.00 6.1935
3/28/2003 $79.69 $500.00 6.2743
6/20/2003 $91.94 $500.00 5.4383
9/26/2003 $92.08 $500.00 5.4301
12/26/2003 $101.15 $500.00 4.9432
3/26/2004 $102.30 $500.00 4.8876

From June 2002 to March 2003, you would have seen a drop in the value of your investments of only -2.40% because 1/4 of your shares were purchased at the high price of $91.22, but the other 3/4 were purchased at lower prices (lower prices also translate into more shares).

From June 2003 to March 2004, you would have seen a gain in the value of your investments of only 5.88% because at least half of your shares were purchased at higher prices.

Overall, however, you would have seen a gain of 15.59% on your $4000 investment for a final value of $4,623.47 (remember, the lower prices enabled you to buy more shares during 2002-2003, which translated into more wealth when the fund price topped $100 in 2004).

This demonstrates that dollar-cost averaging not only works to reduce your risk, but in this particular example, allows you to outperform the index itself!

Posted by glyphic at 02:05 AM

June 28, 2004

Renew your vehicle registration on the Internet

Just got back from the DMV with my new registration card and tags. This is my second trip to the DMV in one week. What a drag.

Back in January or February I got my registration renewal and smog check notice. I also got a ticket for not having a front plate. So I went to the DMV for new plates, went and got the smog check, and sent in my renewal with a check. I guess it never got processed because of the license plate change. I hope whoever designed the DMV's computer system got his job outsourced to India.

How irritating. Not only did I have to pay a $58 late fee, but now I have to deal with two parking citations for having expired tags, thanks to Culver City ($10) and Los Angeles ($25).

Next time I need to renew my registration, I'm going to do it on the website. There's a $4 charge, but that's okay since it buys you peace of mind and less frustration.

Posted by glyphic at 08:47 AM

June 25, 2004

Weekly results - June 24

Another down week.

CR +$3.95
EM +$1.30
ER +$0.60
JB +$2.45
JC -$5.00
Me -$3.30

Lost quite a bit of money to JB in one hand that I raised blind pre-flop. Three people called, giving him odds to call the raise, and really good odds post-flop for his straight draw, which he made on the turn.

At some point I was almost out and found myself heads up with JC, whom I beat with a straight on the turn. Several hands later we were heads up again and I won. Then he went out in a nice three way pot with CR and JB with the board showing a straight flush draw. River gave JC his king high flush, JB his ace high flush, and CR his 7 high straight flush.

Posted by glyphic at 03:20 PM

"Fuck yourself," said the man who is a heartbeat from the presidency.

Washington Post: Cheney Dismisses Critic With Obscenity

I suppose Michael Powell and the FCC would count this as news. I wonder if any TV crews caught it on tape?

Posted by glyphic at 02:26 PM

Glasstrack in India

Check out Glasstrack's India 2004 blog for updates from Thailand and India. Nothing of interest there yet--except maybe the 4-dollar, 2-hour massages.

Posted by glyphic at 12:20 PM

Last chance to give

I don't like asking for money, but I think this is important.

In about one month's time, John Kerry will accept his party's nomination at the Democratic National Convention. At that point, the Democratic primary will be officially over, and Kerry will not be able to raise any more money.

In about one week's time, the Kerry campaign will report their fundraising numbers for the second quarter. If Kerry makes it a big one, it will generate more news.

So if you were thinking about contributing, now's the time to do it.

Contribute now.

Posted by glyphic at 11:44 AM

June 24, 2004

Supreme Court on Cheney Energy Task Force and 2002 Death Penalty Ruling

Just taking notice of a couple items:

Reuters: Court Won't Make Cheney Energy Papers Public

The U.S. Supreme Court refused on Thursday to require Vice President Dick Cheney to disclose records of a 2001 task force he headed that critics say secretly formed energy policy favorable to the industry.

...

The 7-2 ruling sent the case back to a U.S. appeals court for more hearings on the government's arguments. That means the case will remain active in the months leading up to the November elections.

Reuters: Top Court Limits Reach of Death Penalty Ruling

A closely divided U.S. Supreme Court said on Thursday its 2002 ruling that juries and not judges must impose a death sentence applies only to future cases, a decision that may affect more than 100 death row inmates.

...

"So many aspects of the death penalty are arbitrary," said Richard Dieter of the Death Penalty Information Center. "And in this case, the court is saying that constitutional rights can be deprived and you can be executed depending simply on the date you filed your appeal.

In such a critical matter, this seems grossly unfair."

Posted by glyphic at 01:37 PM

June 23, 2004

Blood is thicker...

Of all the gruesome stories to come out of Iraq, this one gave me some serious chills--and only because of the shared ethnic background. I tell you, it's a strange feeling. Having been born and raised in this country, my personality and consciousness is very American, but I guess there are some things that go beyond that.

Washington Post: S. Korean Is Beheaded in Iraq

Posted by glyphic at 12:12 AM

June 20, 2004

MultiPoker Freeroll Tournaments

MultiPoker's got these twice-daily freeroll tournaments that get about 100-200 registrants, requiring a commitment of only 1-3 hours. Not bad. In fact, it's possible to play both the 2PM and 5PM tournaments back to back. It's good practice if you're a limit grinder like me.

Unlike PokerStars, you don't have to wait out a couple thousand maniacs who go all in with anything and suck out on your pocket rockets and cowboys; these players are relatively good and are more likely to respect your bets. It's still a freeroll, however, so even a good player won't mind risking his stack if he hasn't invested much time in the game.

Also unlike Pokerstars, the top 20 spots get paid cash, which is a great overlay on the 100 registrant side, and still decent on the 200 side. Top spot gets $30, spots 11-20 get $1.

Yesterday I placed second and won twenty bucks.

Posted by glyphic at 02:56 PM

June 18, 2004

Slaughtered at the weekly game

Last night we broke out of the rut and opened up the last hour of play to non hold 'em games. We dusted off Anaconda, Heinz 57, Baseball, Little League, 357, Roll Your Own High Chicago Kings and Low-men, the Jake, and Follow the Queen, and the pots instantly escalated to stack-devastating amounts. I had the second best hand in at least three different games and ended down a few bucks for the night:

Anaconda Hi-Lo: Heads up, Kings full of Jacks going down to Aces full of Fives. Cavebutter raked the whole pot with his low hand also beating mine.

Baseball: Heads up, five Queens going down to five Kings.

Some other game: My hand, second best again to the winning hand. Ugh.

Considering the size of the pots in these games, I think I did reasonably well in the other games, since I could have easily been out my entire buy-in.

There was also an unusual Roll Your Own game where both players at the showdown had five aces, but one had the King for Chicago, resulting in a 25-75 split that caused a little grumbling. It's easy to forget how Chicago can sometimes make the nuts worth less than half the pot.

After months and months of almost exclusively playing Hold 'Em, it was hard for players to recognize the strength of hands, and the likelihood of improvement. This, combined with the size of the pots, caused some of the group to fold more quickly than they would have back when we were playing these games more regularly. Probably a good thing. One rule change we might consider is ditching the spread limit and no cap betting we typically have in games with lots of betting like Anaconda and Roll Your Own.

Posted by glyphic at 04:04 PM

What the hell is this blog all about anyway?

A few days back, Boy Genius started to write about the blog phenomenon, and then segued into the liberal blog phenomenon, mentioning StudioGlyphic (what you're reading) in the process:

I was talking with Pauly on Saturday, in very general terms about, to borrow a phrase, the viral phenomenon of blogs.

Pauly's line, one that I feel is apt, is that "blogs are the new tattoos." Everybody is going to have one, or already does.

Viral, actually, is a terrific adjective to describe blogs, as the Howard Dean campaign proved early on. For better or for worse, Dean's supporters utilized blogs to at once rally and corral the troops.

I mention the "for worse" part because what this marketing strategy has wrought is the political regurgitation blog. No offense to Phil at Studio Glyphic, because I wouldn't read him if he didn't have interesting content besides the various links and quotes, but what has grown weary and tiresome in the blogosphere is the link-it-and-leave liberal blog (frankly, I haven't come across a conservative blog, although I'm sure they're out there too). Link to an op-ed piece from an unabashedly liberal outlet, quote the first two paragraphs, and that's it. Congratulations, you now have "content."

Ha ha, guilty as charged.

In my defense, I guess the number one reason for this blog is to keep a personal historical record. So years from now I can read back through some of these entries and know that during the WSOP 2004, my cat got neutered. That two days after I learned about Toyota's hybrid supercar concept vehicle, the cutest member of Congress got elected. That George Tenet resigned as the head of the CIA around the time that I got back onto Empire to play online poker. I think the juxtaposition of the personal and public helps keep both in context. Why it's important, I don't know, but I'm a strong believer in context.

Which is why the quote/link post (in moderation) is okay with me.

At the same time, there have been times before I started this blog that I wrote things in email that I would have liked to have saved, or somehow put up for permanent display. More often than not, it was just good information, and not necessarily great writing. For instance, now that I have my Mutual Fund Primer on my blog, I can just point people to that and have them read it so that they can get some really basic background on using a mutual fund to save for retirement.

I also like to bloviate about how things should be.

Maybe this is the stuff Boy Genius refers to as the "interesting content." Who knows? The interesting content I want to see on BG's site is his hot neighbor. One of these days he's got to take a shot of her so that the poker blog reading world can commiserate with him on his bad fortune.

At any rate, yesterday was the one year anniversary of this blog. With 809 posts, I've managed to post +2.2BP/day (that's blog posts, mind you).

Craziness.

Happy anniversary.

Posted by glyphic at 03:55 AM

June 16, 2004

From the Old News file

Washington Post: No Evidence Connecting Iraq to Al Qaeda, 9/11 Panel Says

There is "no credible evidence" that Saddam Hussein's government in Iraq collaborated with the al Qaeda terrorist network on any attacks on the United States, according to a new staff report released this morning by the commission investigating the Sept. 11, 2001, attacks.

Although Osama bin Laden briefly explored the idea of forging ties with Iraq in the mid-1990s, the terrorist leader was hostile to Hussein's secular government, and Iraq never responded to requests for help in providing training camps or weapons, the panel found in the first of two reports issued today.

The findings come in the wake of statements Monday by Vice President Cheney that Iraq had "long-established ties" with al Qaeda, and comments by President Bush yesterday backing up that assertion.

The commission issued its report on al Qaeda's history at the start of a two-day round of hearings this morning. In a separate report on the planning and deliberations for the Sept. 11 plot, the panel cited numerous pieces of FBI evidence in concluding that ringleader Mohamed Atta never met with an Iraqi intelligence officer in Prague on April 9, 2001, as Cheney and some other Bush administration officials have alleged.

Assholes.

Posted by glyphic at 11:54 AM

June 15, 2004

These people have unbelievable gall

Comparing Holocaust survivors and Jews to Nazis is beyond the pale. These are the same hypocritical assholes who took offense at the MoveOn.org contest submissions that compared Bush to Hitler.

Posted by glyphic at 04:12 PM

Ending our winner take all system

Colorado may take the first step toward ending the winner take all system, and thus re-enfranchising the millions of voters who vote for the other guy:

Denver Post: Group pushes for vote switch

The wealthy president of a Brazilian university is bankrolling an initiative to end Colorado's winner-take-all presidential electoral system.

J. Jorge Klor de Alva is the major donor to The People's Choice for President - a nonprofit group seeking voters' permission to award Colorado's Electoral College votes proportionally as a percentage of the statewide popular vote.

For example, a candidate who wins 60 percent at the polls could snag five of the state's nine electoral votes, leaving the remaining four to a candidate who wins 40 percent on Election Day.

The group has begun to collect signatures; it needs 67,799 to get the measure on the ballot.

If approved Nov. 2, the constitutional amendment would affect this year's choice for president by immediately permitting the division of Colorado electoral votes. And it would mark the most ambitious Electoral College reform yet in the nation.

...

The U.S. Constitution gives state legislatures the power to choose the method of selecting presidential electors. Most states, including Colorado, have a winner-take-all system. Two states - Maine and Nebraska - have passed measures giving only two electoral votes to the overall winner of the state; the rest are awarded individually based on the winner of the popular vote in each of those states' congressional districts.

And if it weren't obvious on its face that this move would be good for democracy, here's one important leading indicator: "Republicans oppose the effort."

Posted by glyphic at 04:08 PM

Stern and Imus for Kerry

The Hill: Howard Stern says he can deliver swing votes to Kerry

"I'm both pro-Kerry and anti-Bush. More anti-Bush. I encourage people on the air and personally [to vote for him]. Here's the deal, dude. It turns out the show has a lot of influence among swing voters, voters who are not Republican or Democrat, but intelligent enough to vote for the good candidate." Stern said he has never met Kerry but considers him a "good guy."

Stern's listeners support Kerry over President Bush by a 10-point margin, according to a poll released last week.

In recent months, Stern has repeatedly lambasted the Bush administration for its crackdown on "indecent material" and called on his listeners to vote the president out of office.

Stern himself is a swing voter. Besides a brief run for governor as a Libertarian, Stern used his position to back two Republican gubernatorial candidates in New York and New Jersey. Both George Pataki and Christie Todd Whitman beat Democratic incumbents. Whitman even promised to name a highway oasis after Stern, and put a plaque with his name in a bathroom along the New Jersey turnpike.

Stern's vast audience includes 17 percent of likely voters, and they back Kerry 53 to 43 percent over Bush according to the poll. In so-called "battleground" states, Kerry beats Bush by 59 to 37 percent. The New Democrat Network (NDN), a centrist Democratic fundraising organization, commissioned Penn, Schoen and Berland Associates, a Democratic firm, to conduct the poll.

On his website, Stern says that he is more influential than conservative radio hosts Sean Hannity or Rush Limbaugh because he claims his listeners are undecided voters and Hannity and Limbaugh's listeners are Republicans.

Don Imus, a New York-based political talk show host, has said on his program that he also supports Kerry.

Take the poll results with a grain of salt; their methods may skew the findings to favor Kerry.

Posted by glyphic at 09:56 AM

June 14, 2004

. . . And Starring Tony Blair as Mr. Pink.

Stolen wholesale from Wonkette.

Posted by glyphic at 03:57 AM

The Purchase of Manhattan Island

According to legend, the island of Manhattan was purchased from the Lenapes by the Dutch for $24.

"Wow, what a bargain!"

Perhaps. Over the past 75 years or so, the stock market has had an average return of 8%. If the Lenapes or the Dutch had taken that $24 in 1626 and invested it at 8% a year, it would currently be worth $103.4 trillion. I'm not sure what the value of the real estate in Manhattan is today (quite high, I'm sure), but if you were trying to forecast several hundred years into the future and knew you could get 8% on your money, you probably would have been better off investing the money vs. speculating on the future value of land. One man's Manhattan is another man's Calico.

Of course, the Lenapes likely had no concept of land ownership, so the $24 was merely transferring the right to use the land to the Dutch. So the questions to put to the lawyers would be:

Since the Lenapes had no conception of property ownership, would that invalidate the agreement between them and the Dutch?

If the Lenapes still own Manhattan and the Dutch paid $24 for a perpetual lease on the land (which is likely the way the Lenapes thought of it), does this mean there is no way for them to cash in on the value of their land?

When New Amsterdam became New York, did the rights of the Dutch transfer to the English?

When New York joined a union of rebel colonies, did the rights of the English transfer to the Americans?

Just where did this bizarre idea of owning land come from anyway? No matter how you slice it, there's no good justification for it. That said, if you have the opportunity to buy some cheap land in LA at a good interest rate, it's probably a good investment.

Posted by glyphic at 02:41 AM

June 13, 2004

When torture is okay

The Bush administration has repeatedly called the torture of prisoners at Abu Ghraib the acts of a few individuals, but we've seen in other reports that the use of torture has been far more widespread than the administration has been willing to admit, indicating that the problem may be system-wide. Other reports show that officers in the chain of command had authorized, condoned, or observed the abuse at Abu Ghraib.

Why is this important?

First of all, if Iraq is a campaign for the hearts and minds of Iraqis, you don't succeed by torturing them. And when you scramble to salvage the situation once the rumors and reports have been verified, you don't cover up the problem and blame it on a few fall guys.

Secondly, if Iraq is supposed to become a democracy that has a transformative effect on the Middle East, you don't mimic the actions of the dictator you've overthrown. While there is obviously no comparison between the United States and the authoritarian governments of the region, a scandal like this gives your opponents the ammunition to justify their own actions. You also provide extremist organizations with a lot of good media to help recruit new members.

Third, in a week where the phrase "city on a hill" has been repeated dozens of times in Reagan tributes and memorials, we ought to think about what that means for our own actions. If the eyes of the world are upon us, and if we believe ourselves to be proponents of the rule of law, equality, and human rights, we need to hold ourselves to the highest standards. This applies especially to our elected officials and political appointees, since they represent us to the entire world.

This is why the discovery of DOJ and Pentagon memos exploring the legality of the use of torture should shock and shame all Americans. If you know that a certain action is wrong, what does it say about your character when you try to look for ways in which you can undertake that action and justify it to others?

"I shouldn't kill my neighbor, but I wonder how I can kill him and have it be ok?"

"I shouldn't cheat on my wife, but I wonder how I can sleep around and have it be ok?

Who are these people? Are they so devoid of basic morality?

Washington Post: Memo Offered Justification for Use of Torture

In August 2002, the Justice Department advised the White House that torturing al Qaeda terrorists in captivity abroad "may be justified," and that international laws against torture "may be unconstitutional if applied to interrogations" conducted in President Bush's war on terrorism, according to a newly obtained memo.

...

In the Justice Department's view -- contained in a 50-page document signed by Assistant Attorney General Jay S. Bybee and obtained by The Washington Post -- inflicting moderate or fleeting pain does not necessarily constitute torture. Torture, the memo says, "must be equivalent in intensity to the pain accompanying serious physical injury, such as organ failure, impairment of bodily function, or even death."

By contrast, the Army's Field Manual 34-52, titled "Intelligence Interrogations," sets more restrictive rules. For example, the Army prohibits pain induced by chemicals or bondage; forcing an individual to stand, sit or kneel in abnormal positions for prolonged periods of time; and food deprivation. Under mental torture, the Army prohibits mock executions, sleep deprivation and chemically induced psychosis.

Human rights groups expressed dismay at the Justice Department's legal reasoning yesterday.

"It is by leaps and bounds the worst thing I've seen since this whole Abu Ghraib scandal broke," said Tom Malinowski of Human Rights Watch. "It appears that what they were contemplating was the commission of war crimes and looking for ways to avoid legal accountability. The effect is to throw out years of military doctrine and standards on interrogations."

...

In 2003, the Defense Department conducted its own review of the limits that govern torture, in consultation with experts at the Justice Department and other agencies. The aim of the March 6, 2003, review, conducted by a working group that included representatives of the military services, the Joint Chiefs of Staff and the intelligence community, was to provide a legal basis for what the group's report called "exceptional interrogations."

Much of the reasoning in the group's report and in the Justice Department's 2002 memo overlap. The documents, which address treatment of al Qaeda and Taliban detainees, were not written to apply to detainees held in Iraq.

In a draft of the working group's report, for example, Pentagon lawyers approvingly cited the Justice Department's 2002 position that domestic and international laws prohibiting torture could be trumped by the president's wartime authority and any directives he issued.

At the time, the Justice Department's legal analysis, however, shocked some of the military lawyers who were involved in crafting the new guidelines, said senior defense officials and military lawyers.

"Every flag JAG lodged complaints," said one senior Pentagon official involved in the process, referring to the judge advocate generals who are military lawyers of each service.

"It's really unprecedented. For almost 30 years we've taught the Geneva Convention one way," said a senior military attorney. "Once you start telling people it's okay to break the law, there's no telling where they might stop."

We should make a decision: either we walk the talk about human rights and freedom, or we drop the pretense. I vote for the former.

Link: A portion of the DOJ memo obtained by the Wall Street Journal

Update: 2004-06-13 11:32 PM

Link: The Washington Post has provided copies of the DOJ and Pentagon memos. The links are on the right side of the page under "Memo on Torture."

Posted by glyphic at 03:16 PM

Dean on Dean

Boston Globe Online: Howard Dean looks back at his presidential campaign

One of Howard Dean's most poignant memories of his presidential campaign is of a woman in a wheelchair who gave him $50 in quarters at a breakfast meeting in Iowa last summer. The money came from her federal supplemental income check.

''Even now I can hardly tell that story,'' says Dean, his voice choking in a rare display of emotion.

''She said she had been saving the quarters for two years, when she could, for something that was really important - and this was really important to her.''

Dean is in awe of his rise. He is accepting of his fall. He readily concedes he made mistakes. He has difficulty, though, coming to grips with the sacrifices and trust of his legions of devoted supporters.

''I am pretty overwhelmed,'' he says and pauses as his eyes brim with tears.

''I don't really feel I let them down, I must say, but I am pretty shocked by not just how supportive they were, but what they were willing to do.''

It was an amazing ride and Dean is the first to admit it. ''Since the campaign ended I have just looked back and scratched my head and said, 'What could you have been thinking of? You started out in a room over a chiropractor's office and you thought you were going to be president of the United States?'''

Too bad. Maybe in 2012.

Posted by glyphic at 02:27 PM

June 12, 2004

The Strangest Town in Alaska

The Strangest Town in Alaska - published by Kokogiak Media


  • "A city barely 50 years old that had no road access for its first 50 years."
  • "A city where 90% of the population lives in a single building."
  • "A city built to house 30,000 (in an emergency) in two of the largest structures in Alaska, yet only 300 people live there now."
Wacky.

Posted by glyphic at 05:54 PM

Before the 40th President died...

...things were looking pretty crazy at 1600 Pennsylvania. Luckily we can go back and read Fred Kaplan's piece in Slate on the Bush Administration's bad week:

In the White House and the Pentagon, senior officials face the prospect of criminal charges. The vice president is accused of malfeasance, at best. A key erstwhile ally in the war on terrorism has apparently turned against us in an act of criminal perfidy. And now the nation's spymaster has turned in his cloak—it's not yet clear whether he jumped or got pushed; either way, Bush's risk-rating has just soared.
It's little wonder that BCRC '04 can't use their own guy to run.

Posted by glyphic at 01:12 AM

June 11, 2004

Rodeohead

Rodeohead: A bluegrass tribute to Radiohead

Enjoy.

Posted by glyphic at 08:44 PM

Wil Wheaton and the Bush Administration

Wil Wheaton is one hoopy frood. While best known for his work on Star Trek: The Next Generation and Stand By Me, Wil Wheaton's current claim to fame is as uber-blogger, published author, and voice actor. He also seems to be a good guy.

For instance, in this interview with Sequential Tart, Wil puts the smackdown on the Bush administration:

ST: You're a self-described liberal. What causes do you currently support and why?

WW: I believe really strongly in civil liberties and equal rights for all people. There are a lot of causes that are demonized as liberal now, like it's a bad thing; they're actually pretty important, and taken for granted like the 40-hour work week and Occupational Health and Safety Administration (OSHA) standards. Environmental protection, higher standards for education. I believe very strongly in those causes. I support the EFF (Electronic Frontier Foundation), and I'm a card-carrying member of the ACLU (American Civil Liberties Union), and I really resent the implication that that somehow makes me a bad person. I feel a rant coming on, so your readers may want to skip to the next [section] if they don't like this sort of thing.

You know, I have always been pretty moderate. I'm socially liberal, but fiscally conservative ... until now. In the last three years, I have been radicalized by the Bush administration because I believe them to be incredibly dishonest and incredibly divisive, and acting not in the best interests of the vast majority of Americans. Remember "I'm a uniter, not a divider"? What ever happened to that? Bush has divided the country at every opportunity. It's just a modern updating of the old Nixonian "Southern Strategy". Look, to give these comments some context: I was not a huge supporter of the Clinton administration. That whole lying thing really bothered me. I don't care what it's about; I don't like to be lied to by my leaders, regardless of what party they're from. Truth has always been more important to me than anything else, and I resent it when politicians lie to us. I resent it even more when the media make them repeat their lies over and over again. Judith Miller at The New York Times, I'm looking in your direction.

I really think that history is going to remember George W. Bush and eventually Dick Cheney and Donald Rumsfeld ... and the rest of the neo-conservatives (neocons) as the most corrupt, dishonest, dangerous and damaging group of people to hold the reins of American power in history.

I really try to be middle-of-the-road. But when the President of the United States uses his bully pulpit to call for an amending of the Constitution — a document that should be guaranteeing freedoms to the people, not taking them away — to deny basic rights to an entire class of people (in this case homosexuals) it makes me explode. Bush's call to amend it to deny homosexuals a right that heterosexual people take for granted was really the last straw for me, and now I am officially On The Left. The purpose of the Constitution as I understand it is to put limits on what the government can do, not who can get married to whom. These Republicans talk about smaller government, but that's such a lie! What they really mean is "smaller government programs to help out the less fortunate people in our country so we can get rich, and bigger government intrusion into your private lives so we can control you." It's such blatant pandering to intolerant religious extremists who are trying to force their mythology down the throats of the entire country. Guess what? That's not Democracy. That's Theocracy. Isn't that one of the major reasons we left England in the first place? The separation of Church and State was pretty goddamned important to the Founding Fathers, but the Bush administration is trying to shove a far-right, ultra-conservative, mythological Christian agenda on the rest of the country, and by extension, the rest of the world. I mean, it's like he's using Revelations to get his foreign policy!

You know what? In a rational world most of those guys in the Bush administration would not have jobs right now. Remember Bush smirking through the 2000 campaign, saying, "I will return honor and dignity to the White House" and "I will restore accountability"? Where's the fucking accountability?! Donald Rumsfeld should have resigned months ago because of the lies about Iraq. George W. Bush should be impeached for lying and deliberately misleading America and the world into an unnecessary, illegal war that violates the Geneva Convention, and goes against international law. He should be impeached. If Bill Clinton can be impeached for lying about sex — And it doesn't matter what he lied about: he was impeached for lying, okay? And that's not alright. It's not okay to lie under oath; that's perjury and he should have been held accountable for that. But if he can be impeached for that, if he can be investigated for something so stupid like Whitewater, where the fuck is the Congressional investigation of the Bush administration? My God! They've lied about everything, and thousands of human beings have died because of it!

I just want to know where all these conservatives are who were so concerned about truth and honesty when Clinton was in office. Their silence about the outrageous lies of the Bush administration is deafening. Why did Bush try so hard to prevent the creation of the 9/11 Commission? Why did he put Henry Kissenger in charge of it, and fight it, and fight it, and fight it, every step of the way? Why did he try so hard to prevent us from finding out what happened? What's he afraid of? It's our fucking right as Americans to know what happened. This is our country. Those were our fellow citizens who were murdered on that day. He will gleefully stand on the ashes of the World Trade Center to make a campaign speech, but he won't give the 9/11 Commission everything they need to find out what happened? It shouldn't even be a question. The worst terrorist attack on American soil in history, he's exploiting our fear and our national outrage for political gain, and he is doing everything he can to hamstring the commission. Who is he protecting? Who does he care about? Does he care about his buddies in Saudi Arabia who are funding al-Qaeda? Or does he care about the Americans that he was allegedly elected to represent? Just — The fucking duplicitousness of this administration is so offensive to me and the cognitive dissonance that you have to have to support these people is stunning. Donald Rumsfeld goes on Face the Nation on Sunday and he says, "Nobody ever said it [Iraq] was an 'imminent threat.' We never said that." Well, we all know that's false. And thank God there was a reporter from The New York Times who said, "Well, as a matter of fact here, Secretary Rumsfeld, you said, 'They have the most lethal weapons presented ... They are an imminent threat.' It's right here! You said it. Answer that now." And Rumsfeld goes, "Um ... uh ... er ..." He said, "Well, what I meant was, um ... Well, he sort of, uh ... I mean, he — We're going to find it." And he got away with that! Where is the outrage? Paul Wolfowitz admitted that the neocons focused on WMDs to justify the war, and now we know that everyone except the Iraqi National Congress — who have been totally discredited as liars — told the Pentagon they just weren't there. The Secretary of Defense is caught repeatedly lying about the main justification for the war and Congress doesn't even flinch! Can you imagine what would have happened if that had been William Cohen? There would have been 50,000 Republican operatives marching on the Pentagon with pitchforks and torches, and you can bet your life that it's all we'd hear about from the so-called liberal media until he was forced to resign. It just drives me crazy. Until this administration, I was never a partisan. I always put principals before party — I mean, I'm registered as a non-partisan!

ST: You just vote with your heart.

WW: I vote with my conscience. I believe in the values I was told America stands for, and all my life I have loved America. "One man, one vote." "A nation of laws, not men." "Truth before all else" — that's just going to be a myth (if it isn't already) if we don't get these psychos out of power. I believe in equality. I believe in freedom of the press. I believe in the separation of church and state. I believe in protecting the minority from the tyranny of the majority. And these people ... are the most anti-American people to ever have power. Ever. The things this administration has done have gone totally against traditional American values. I wonder if the vast majority of Americans even know how virulently hated we are in the rest of the world now, because of the Bushies. I wonder if they even care. And you know what's awful? In some twisted way, conservatives take my criticism of the lies of the Bush administration and turn it into support for our enemies ... what a load of crap. I opposed the war in Iraq all along, and it's not because I love terrorists, you morons. I completely support our military. I honor and respect the men and women who took an oath to defend our country and my freedom. That is why I have always opposed, and continue to oppose, the war in Iraq, because it was unnecessary and took our focus away from stopping al-Qaeda. And the best argument war supporters can come up with is, "Well, isn't the world better with Saddam Hussein not in power?" You know what? Fuck Saddam Hussein. I don't care about Saddam Hussein, and the only reason he ever even had power in the first place is because he was funded and given weapons and intelligence information by the Reagan and Bush I administrations. He was created by the United States, just like the Taliban was. And don't take my word for it. Read [the book] House of Bush, House of Saud. Saddam Hussein was never a threat to the United States. Osama Bin Laden was, and is. If you think the world is better off without Saddam Hussein rattling his sword in the middle of the desert, try asking someone who has lost a family member in Iraq if they think it was worth it. Ask yourself if you feel safer getting on a plane now that they tore down that statue in Baghdad, but Osama is still running around.

You asked what causes I believe in, and care about, and I care about taking care of Americans in America. I am not worried about taking care of the rest of the world. That's not our problem! We can provide leadership, which we should do because we're currently the toughest guy on the block, but this idea that we can go out and engage in nation-building and shoving Democracy down the throats of people who don't want it — look, our economy is falling apart. People are losing their jobs and their homes, while CEOs buy more yachts. Some Americans may have gotten a few hundred dollars from the Bush tax cut, but their health care costs have soared by thousands. Gasoline is nearing three bucks a gallon, and we are facing the biggest outbreak of herpes since the 70s, because the Republicans won't let us teach safe sex to teenagers. Our country is in danger of collapsing under the weight of the hubris of George W. Bush, Dick Cheney, Paul Wolfowitz, Richard Pearle, Tom DeLay, and the rest of them. We are in serious trouble. You don't go cleaning up your neighbor's garage when your own house is falling apart. And during the 2000 campaign, Bush said, "America shouldn't be policing the world." Well, what are you doing then, you fucking liar? There was a time when I could honestly say, "I don't hate George W. Bush. I strongly disagree with him, but I don't hate him." Well, I sure hate him now. And with each soldier and innocent Iraqi civilian who is killed, because of his incompetence and hubris, I hate him a little bit more.

Ouch!

Catch the full interview at Sequential Tart.

Posted by glyphic at 08:14 PM

Biodegradable plastic!

It's about time.

NPR: Biotech Industry Touts its 'Green' Credentials

Green Plastics - not to be confused with Green Plastic, a Radiohead site.

Posted by glyphic at 05:26 PM

Shoehorning a V8 into an S4

Yikes.

Posted by glyphic at 04:16 PM

Omaha 8 at the weekly game

I won a ridiculous amount of money at last night's home game--more than doubled my buy-in. Our game's spread-limit nickel-quarter-half dollar. Big blind posts ten cents. Yeah, I know, it's a bit screwy.

Mostly we play Texas Hold 'Em, but two-thirds of the way through last night's session I was itching to play something else. The table sort of hemmed and hawed and rejected my suggestion of switching to non Hold 'Em games, so I called Omaha 8. Now some of us thought that this was a dirty trick to pull, but the way I figured it, it wouldn't screw up the sequence of blinds, and anyone who objected to the game could fold.

Anyway, it was the only non Hold 'Em hand we played last night, and it was brutal. All of us limped to see the flop (4xx) and there were calls all around when SB bet a dime. I'd made my set (with 4456) and raised a quarter. From there on out, we were swelling the pot: got SB and CO to call the quarter on the flop and two more quarters on the turn (3). When the river showed an ace and SB bet a quarter, I got nervous about the wheel and just called after CO.

At the showdown, my high (444) and low (A3456) hands beat out SB's two pair and CO's A3458 to take down the whole pot. I think there was at least 4 dollars in that pot. It was a ridiculous amount of money. Oh, did I already say that?

Elsewhen, I won two or three other pots of decent sizes, which contributed to my overall win.

Oh, and two of the regulars got wiped out (five whole dollars!), which is unusual. We're a fairly tight table, and we almost always end up getting some of our buy-in back. This, of course, allowed three of us to end up +$$$ and the fourth almost even. I'll have to ask the others, but I think I was playing more aggressively this week, and this may have thrown off the table. Or it could have just been a bad run of cards and beats.

Posted by glyphic at 04:06 AM

June 09, 2004

Pentagon wasted millions on plane tickets

Reuters: Pentagon wasted millions on plane tickets

The Pentagon wasted $100 million (54.7 million pounds) over six years on airline tickets, a report has revealed, prompting lawmakers to urge the government to "fix its culture of indifference" to American taxpayers.
When we complain about military spending, we are not necessarily talking about paying soldiers, or providing safety equipment and arms. We're talking about a huge black hole into which billions of dollars disappear. Wingnuts like to complain about government waste, but they're usually talking about having too many employees in a department they don't care about. These departments, of course, have budgets that are miniscule fractions of the Pentagon's. If the wingnuts truly cared about waste, they'd put an end to the lack of accountability at the Pentagon and kill off the crazy technology projects designed to win wars we fought decades ago.

Posted by glyphic at 01:42 PM

June 08, 2004

The cat in its natural habitat

Elle, doing what she does best:

Mr. Excitement, doing what he does best:

Posted by glyphic at 02:16 AM

Hives on tour again

No announcement about an LA show yet, but two CA shows are scheduled:

Sun 08/01/04 - San Francisco, CA - The Fillmore
Wed 08/04/04 - San Diego, CA - SOMA

The SOMA show's only $16, so if you're in the San Diego area you should definitely go.

Posted by glyphic at 01:30 AM

June 06, 2004

Poker blogger SNG

Found myself sitting with Boy Genius and Pauly at a $5 SNG on Party this evening. Fun stuff.

Boy Genius went out on the first hand with cowboys. Some dork called his all-in before the flop with pocket sevens and caught a seven on the flop.

I was basically doing pretty mediocre until I caught a run of good cards and lucky boards:

With 300 left, I called some guy's 600 bet with A6 suited. Caught an ace on the flop and doubled through.

A few hands later I had pocket fives in the big blind. Same guy made it 1015 to go and I called. The board paired and neither of us improved, and I doubled through again.

Next hand he goes all in, and I stupidly call the extra 15 with big slick. Should have isolated him with a strong bet. After the flop pairs my king I push in a $956 bet to get the other two callers out. All-in guy had J9 off and didn't make anything.

I steal the blinds in the next hand with AJ off.

A few hands later I get big slick on the button and make it 600 to go. Pauly calls with JJ and is all-in. Someone else calls. When the flop pairs my king, I push in all my chips and get heads up with Pauly. Neither of us improve and my kings win.

Next hand I have AJ off on the button and make it 600 to go. Big blind calls. Flop shows QJ6 and I bet 666. Turn shows a queen and I bet 300, and with 239 left, big blind folds.

Last hand of the SNG: after getting killed on a number of hands, me and the dork who got Boy Genius out in the first hand have approximately the same number of chips. I've got pocket jacks. Dork raises, and instead of pushing all-in, I stupidly get into a raising match with him. Finally I call all-in and he's got AQ diamonds. Flop shows 277, with one diamond. Turn and River come up diamonds and dork wins the tournament.

Blah.

Still, I wasn't expecting to win any money, and just wanted to get some seat time with my fellow bloggers. Coming in second was pretty good, esp. since that was the only poker I played today.

Posted by glyphic at 10:00 PM

June 05, 2004

Holding pattern

Ever have one of those sessions where after an hour or so, you find yourself pretty much where you started? Not that I'm complaining; it's better than losing. Still, it's pretty weak to net $1 after playing for a bit over an hour.

Thankfully I switched tables and won a decent pot that pushed my daily rate to 11.06BB/100 hands. 49 hands to go.

Posted by glyphic at 09:30 PM

June 04, 2004

In good shape

Played on Empire again today for a couple hours. My account now has $55 in it. I still need another 90 hands or so to be able to withdraw the whole thing, but I'm feeling pretty good at this point. After losing nearly $20 early in the evening, I came back later and won $45 or so, netting $25 for the day. 140 hands at 20.69BB/100 hands. Not bad.

Posted by glyphic at 09:46 PM

When ex-girlfriends attack...

Yeesh. You can buy them and a convertible top on eBay.

Posted by glyphic at 02:57 PM

Movin' on up

The new Subaru Legacy is here.

It's a nice looking car, and the top of the line model features a 250hp turbocharged 2.5L SOHC boxer engine. Nice.

Review: The Car Connection | Edmunds

Posted by glyphic at 02:43 PM

Real voters

Josh Marshall makes a good point: "we've repeatedly noted the tendency for Republicans (and also non-Republicans) to argue that non-white voters somehow aren't quite real voters. The point is often framed as noting how up-the-creek Democrats would be without black voters."

The analog, of course, would be to go on about how the Republicans wouldn't have a chance without fundamentalist Christians. Hey, that gives me an idea: if we spread the idea that Bush is a devil-worshipper, or better yet, Satan himself, he'll be sure to lose by a hundred electoral votes or more.

Posted by glyphic at 12:25 PM

June 03, 2004

Tenet Resigns

Reuters: CIA boss George Tenet quits

AP: Bush: CIA Director George Tenet Resigns

I wonder how long it will take Tenet to write his book about Bush. He'd better do it soon. There's only a few months left before the election.

Posted by glyphic at 10:11 AM

He's gonna need a good attorney

The Plame case is still moving forward.

AP: Bush Consults Lawyer in CIA Leak Case

A federal grand jury has questioned numerous White House and administration officials to learn who leaked the name of CIA operative Valerie Plame, wife of former Ambassador Joseph Wilson, to the news media. Wilson has charged that officials made the disclosure in an effort to discredit him.

Bush has been an outspoken critics of leaks, saying they can be very damaging, but he has expressed doubts that the government's investigation will pinpoint who was responsible. While Bush has said he welcomed the leak investigation, it has been an awkward development for a president who promised to bring integrity and leadership to the White House after years of Republican criticism and investigations of the Clinton administration.

...

Plame was first identified by syndicated columnist and TV commentator Robert Novak in a column last July. Novak said his information came from administration sources.

Wilson has said he believes his wife's name was leaked because of his criticism of Bush administration claims that Iraq had tried to obtain uranium from Niger, which Wilson investigated for the CIA and found to be untrue.

Disclosure of an undercover officer's identity can be a federal crime. The grand jury has heard from witnesses and combed through thousands of pages of documents turned over by the White House, but returned no indictments.

The probe is being handled by Chicago U.S. Attorney Patrick Fitzgerald, appointed after Attorney General John Ashcroft stepped aside from case because of his political ties to the White House.

I started counting down the investigations and controversies on my fingers, but quickly realized I'd have to move on to my toes, and that'd be gross. Maybe after I shower.

Posted by glyphic at 01:14 AM

More evidence: Enron helped bring on the California energy crisis

CBS News has the story.

CBS News: Enron Traders Caught On Tape

Four years after California's disastrous experiment with energy deregulation, Enron energy traders can be heard – on audiotapes obtained by CBS News – gloating and praising each other as they helped bring on, and cash-in on, the Western power crisis.

"He just f---s California," says one Enron employee. "He steals money from California to the tune of about a million."

"Will you rephrase that?" asks a second employee.

"OK, he, um, he arbitrages the California market to the tune of a million bucks or two a day," replies the first.

The tapes, from Enron's West Coast trading desk, also confirm what CBS reported years ago: that in secret deals with power producers, traders deliberately drove up prices by ordering power plants shut down.

"If you took down the steamer, how long would it take to get it back up?" an Enron worker is heard saying.

"Oh, it's not something you want to just be turning on and off every hour. Let's put it that way," another says.

"Well, why don't you just go ahead and shut her down."

Officials with the Snohomish Public Utility District near Seattle received the tapes from the Justice Department.

"This is the evidence we've all been waiting for. This proves they manipulated the market," said Eric Christensen, a spokesman for the utility.

I wonder how many Californians still blame Davis for the energy crisis.

Posted by glyphic at 12:58 AM

June 02, 2004

Back on EmpirePoker

Anyone who's been keeping up with this blog will know that I haven't said boo about poker (with the exception of announcing the winner of the World Series) since I lost my bankroll back in April and May.

In case you've been wondering, I haven't played a single ring game for a month. I did play a few freeroll tourneys on PokerStars, and actually came in second in the qualifier and the weekly, netting me $50. That went straight into my Neteller account. And while that was fine and all, it took about ten hours of play for me to get that $50, which really wasn't worth my time.

The other day I got an email from EmpirePoker alerting me to the fact that I had $10 sitting in my account. All I had to do was play 300 raked hands to claim it. Given my experience in April, I wasn't sure I was going to last an entire session. But free money is free money, so I played it. Now I'm up $20 after 102 minutes of play, 119 hands, at a rate of 16.81BB/100 hands. Got another 251 raked hands to go before I can cash out the whole thing.

This is nowhere near recovery of my bankroll. I'm hoping, however, that I'll be able to cash out another $50 and then rebuy for $100 when they send me a 50% deposit bonus. $150 should be enough to give me a fighting chance.

Posted by glyphic at 09:24 PM

And the cutest member of Congress is...

Stephanie Herseth of South Dakota.

Ms. Herseth defeated her Republican opponent by a few thousand votes in yesterday's special election to fill convicted killer Bill Janklow's seat. She will finish the remainder of Janklow's term; in November she'll be running for re-election. That's another special election to mark in the "D" column. Eleven more House seats to go.

Aside from the superficial stuff, this is really good news, according to Kos. Bush won South Dakota 60-38 in 2000; that such a heavily Bush-supporting state would flip on the fuckers (i.e., the GOP) and elect a Democrat is a very, very good thing. This administration will end.

Posted by glyphic at 12:58 AM

June 01, 2004

An incredible story: Senator Inouye

Senator Daniel K. Inouye (D-HI) is a recipient of the Congressional Medal of Honor for "extraordinary heroism in action on 21 April 1945" in Italy:

While attacking a defended ridge guarding an important road junction, Second Lieutenant Inouye skillfully directed his platoon through a hail of automatic weapon and small arms fire, in a swift enveloping movement that resulted in the capture of an artillery and mortar post and brought his men to within 40 yards of the hostile force. Emplaced in bunkers and rock formations, the enemy halted the advance with crossfire from three machine guns. With complete disregard for his personal safety, Second Lieutenant Inouye crawled up the treacherous slope to within five yards of the nearest machine gun and hurled two grenades, destroying the emplacement. Before the enemy could retaliate, he stood up and neutralized a second machine gun nest. Although wounded by a sniper's bullet, he continued to engage other hostile positions at close range until an exploding grenade shattered his right arm. Despite the intense pain, he refused evacuation and continued to direct his platoon until enemy resistance was broken and his men were again deployed in defensive positions. In the attack, 25 enemy soldiers were killed and eight others captured. By his gallant, aggressive tactics and by his indomitable leadership, Second Lieutenant Inouye enabled his platoon to advance through formidable resistance, and was instrumental in the capture of the ridge. Second Lieutenant Inouye's extraordinary heroism and devotion to duty are in keeping with the highest traditions of military service and reflect great credit on him, his unit, and the United States Army.
Inouye is a second generation Japanese American and fought in World War II as a member of the segregated 442nd Regimental Combat Team. Receiving the Congressional Medal of Honor is no small thing: "Only 326 soldiers, sailors, marines and airmen from Pearl Harbor to Somalia have survived to actually wear the Medal. Today only 132 of them are still with us."

Inouye went on to become the first member of Congress of Japanese ancestry, and as Senator, served on both the Watergate and Iran-Contra committees, serving as the chair of the latter.

There's been a lot of talk this past week of the "Greatest Generation"; the senior Senator from Hawaii ranks among them.

Posted by glyphic at 01:14 AM

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