• Presty the DJ for March 19

    March 19, 2013
    Music

    Today in 1965, Britain’s Tailor and Cutter Magazine ran a column asking the Rolling Stones to start wearing ties.  The magazine claimed that their male fans’ emulating the Stones’ refusal to wear ties was threatening financial ruin for tiemakers.

    To that, Mick Jagger replied:

    “The trouble with a tie is that it could dangle in the soup. It is also something extra to which a fan can hang when you are trying to get in and out of a theater.”

    Jagger is a graduate of the London School of Economics. Smart guy.

    Today in 1974, Jefferson Airplane …

    (more…)

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  • The stock market vs. the economy

    March 18, 2013
    US business, US politics

    Apologists for the Obama administration claim the economy is recovering based on the Dow Jones Industrial Average reaching record levels.

    Which is ironic, to say the least, given that the standard Democrat/liberal/progressive line is that business is (1) a necessary evil at best that (2) must be taxed and regulated by the smarter people in Washington and the state capital nearest you. It also fails to grasp the fact that, as readers of this blog know, publicly traded companies total all of 0.1 percent of U.S. companies.

    Jerry Bader passes on the Daily Reckoning‘s comparison of the DJIA’s 2007 high and today:

    On the day the Dow logged its first of seven straight new highs, ZeroHedge trotted out a kind of financial “The Way We Were” — comparing today’s economic conditions to that of October, 2007, when the Dow set its previous record high:

    • Dow Jones Industrial Average: Then 14164.5; Now 14164.5
    • Regular Gas Price: Then $2.75; Now $3.73
    • GDP Growth: Then +2.5%; Now +1.6%
    • Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
    • Americans On Food Stamps: Then 26.9 million; Now 47.69 million
    • Size of Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
    • US Debt as a Percentage of GDP: Then 38%; Now 74.2%
    • US Deficit (LTM): Then $97 billion; Now $975.6 billion
    • Total US Debt Outstanding: Then $9 trillion; Now $16.4 trillion
    • Labor Force Participation Rate: Then 65.8%; Now 63.6%
    • Consumer Confidence: Then 99.5; Now 69.6
    • S&P Rating of the US: Then AAA; Now AA+
    • Gold: Then $748; Now $1583

    In other words, the Dow made a new record high despite the economy’s performance, not because of it.

    Why?

    Your editor has no idea what the market knows or sees; he only knows that he doesn’t see it. What your editor does see is a stock market that the masses adore, residing in an economy that the masses abhor.

    So maybe it is not hope that is driving the stock market to record highs, but despair. Maybe stocks are rallying because investors are afraid to do anything else with their capital — maybe they are afraid to risk their capital in an economy that features zero interest rates, stifling regulatory regimes and capricious tax laws.

    Bottom line; the Dow’s record-setting performance tells us nothing about “why.” The stock market is silent on this point. Perhaps it is too terrified to speak. …

    One thing we know; the rallying stock market stands in stark contrast to the bear market in economic vitality. We also know that bull markets are unfolding in all the wrong places. Unemployment, government debt, food stamp participation, “No knock” SWAT raids and “No trial” drone strikes are all in bull market mode.

    The fact that the Dow, priced in gold, remains very far away from a record, suggests that Chairman Bernanke is working overtime. His dollar-printing escapades have played a very big hand in the Dow’s record-setting climb. By devaluing the dollar, in other words, Bernanke “inflated” the Dow price.

    The second and last paragraphs are the “why,” I believe. The ordinary investor should be in the stock market as a long-term investment, and not make decisions based on what one stock, or the entire market, does over one particular short period of time. The aforementioned “zero interest rates, stifling regulatory regimes and capricious tax laws” may indeed make the stock market seem like a safe short-term investment too in comparison to other potential investments.

    Sheldon Richman of the Future of Freedom Foundation adds:

    The Federal Reserve is working hard to keep key interest rates close to zero. The Fed has bought hundreds of billions of dollars in long-term government securities (“Operation Twist”) in order to lower the return from such investments. This drives money seeking a bigger return into the stock market and commodities. If this explains the run-up in stock prices, it sounds more like a bubble than a marker of returning economic growth.

    The government and its central bank, in fact, have done virtually everything wrong if their intention was to put the economy on a sustainable path to prosperity. …

    This is a dangerous path. By definition, such artificially induced frenzies cannot be sustained. When officials get nervous and pull back, the bubbles will burst and the economy will be back in recession. Even if employment gains are made during the apparent recovery, they will be short-lived, and the unemployment rate will turn up again. This government policy, therefore, is a cruel hoax on workers who were harmed by the earlier recession, who have struggled to get back on track, and who are now being set up for a reprise of their misery.

    The architects of this shameful program are would-be social engineers who think they can design something as complex as a modern industrial economy. Such conceit should be obvious to all. Simply put, it is impossible for politicians, bureaucrats, and economic advisers to acquire the knowledge they would need to possess in order to accomplish what they say they want to accomplish. The knowledge most vital for smooth-running markets is not aggregate statistical data available to government agencies. Rather, it consists in the subjective preferences of consumers, the expectations of producers, and the radically decentralized and dispersed information about resources, technologies, and techniques. The market’s price system captures and conveys this information in a way that government operatives could never dream of. In fact, compared to the collective wisdom of the market process, politicians, bureaucrats, and economic advisers are dismal ignoramuses.

    Others have used words like “corporatist” to describe the Obama administration’s attitude toward business — in favor of big corporations like Government Motors — I mean “General Motors” — and opposed to small businesses that employ most Americans. A rising stock market in the midst of a crappy economy would be evidence of that.

    But this stock market “record” means less than it appears because of devaluation of the dollar, which shows up in share prices, on which the DJIA, S&P 500 and other stock indexes are based. Today’s $1 is equivalent to 1963’s 13 cents. Even in an era of historically low inflation, $1 in 1988 is equivalent to $1.99 today, which means the dollar’s value has dropped in half since I entered the workforce.

    This chart demonstrates that the real Dow high was back in 2000, correctly measured for inflation. That was back in the days when the budget was somewhat balanced and the dollar was much stronger than today. As Fred the Intelligent Bear puts it, “It is amazing what massive government spending and quantitative easing can do to boost the stock market.”

    If you’re making investment decisions based on what you think is a recovering, growing economy, you may come to regret those decisions.

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  • Presty the DJ for March 18

    March 18, 2013
    Music

    Today in 1965, the members of the Rolling Stones were fined £5 for urinating in a public place, specifically a gas station after a concert in Romford, England.

    Today in 1967, Britain’s New Musical Express magazine announced that Steve Winwood, formerly of the Spencer Davis Group, was forming a group with Jim Capaldi, Chris Wood and Dave Mason, to be called Traffic.

    (more…)

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  • Presty the DJ for March 17

    March 17, 2013
    Music

    This being St. Patrick’s Day, we should have a bit o’ the Irish, including a video I first watched while eating corned beef at an Irish bar in Cuba City today in 1993 …

    … plus Van Morrison …

    (more…)

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  • Presty the DJ for March 16

    March 16, 2013
    Music

    The number one British single today in 1959:

    Today in 1964, the Beatles set a record for advance sales, even though with 2.1 million sales the group would argue …

    The number one single today in 1967:

    (more…)

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  • The sacred and the profane

    March 15, 2013
    Culture, media

    My high school political science teacher, now a blogger too, passes on this from The Daily Beast:

    God is dead in literature. According to conventional wisdom and prevailing perceptions, Christian themes, along with faith outside the detached analytical realm of sociology, no longer have a role in the narrative of contemporary novelists. …

    Let us consider an entire “genre.” Crime fiction weaves its tale in the threshold between right and wrong, just and unjust, good and evil. It is because of its naked confrontation with philosophy and ethics, and its depiction of drifters, confidence men, femme fatales, petty criminals, serial killers, and agents of the law beset by iniquity and caught in the web of moral turpitude, that it is so effectively and naturally able to deal with doubt, faith, and the inner combat of spiritual warfare. The case for faith in fiction is to be made by those who deal with cracking cases for a living—the fictional detectives, private investigators, and troubled protagonists who inhabit the scandalous, seductive, and serpentine setting of noir.

    Crime and noir have always told the story of people who decide to cross an invisible but palpable moral line. It then measures the wreckage—physical, emotional, and spiritual—that results from the voluntary crossing over into another ethical universe—a colder, tougher, and uglier universe. These same questions haunt the tales of the Bible and the lives of the saints. …

    [Lawrence Block’s] Hit Me hits shelves on the heels of the release of Walter Mosley’s new e-book,The Parishioner. Mosley is most famous for his Easy Rawlins mystery series—Devil in a Blue Dress was adapted into a film starring Denzel Washington. In Mosley’s new book, Xavier Rule is a reformed gangster attempting to transform his life from criminality to responsibility under the guiding hand of Father Frank, a mysterious and often autocratic preacher at a secluded church in California. …

    Michael Connelly, author of the Harry Bosch series and The Lincoln Lawyer, which served as the basis for the movie starring Matthew McConaughey, navigates noir with a spiritual compass, and, like Mosley, uses crime not only to tell a suspenseful story but also to provoke the reader into evaluating evidence demonstrating the veracity of concepts far larger than any criminal case. The search for redemption and the opportunity for moral transformation provide the pulse to Connelly’s fiction. Mickey Haller, the protagonist of The Lincoln Lawyer, believes that there is “nothing scarier than an innocent client,” and is content to represent obvious criminals, steadily amassing wealth as a defense attorney. When he discovers that he was partially responsible for the conviction of an innocent man, and when he is forced to confront the pure evil of a guilty man, he surrenders to a moral calling. He determines that his life must have meaning.

    Connelly’s most famous character, Harry Bosch, is named after the Dutch painter Hieronymus Bosch, whose religious paintings depict the hellish consequences of earthly sins and, with a frightening blend of realism and surrealism, took on apocalyptic dimensions in their representation of spiritual torment, the battle for justice, and the judgment of God. The homicide detective, like the painter, is motivated by a sense of fairness formed by faith and a nonnegotiable moral code. His stone-cold consistency is the source of his virtue and his vice—he is comfortable with bending the law in an “ends justifies means” philosophy of law enforcement.

    Connelly and Mosley prove that hands of sufficient delicacy and muscularity can transform the genre of crime fiction into the art of literature. No man is more adept at accomplishing such a feat, however, than James Lee Burke. Burke is the winner of two Edgar Awards and is most famous for chronicling the life of David Robicheaux, a New Orleans homicide detective turned New Iberia sheriff’s deputy. Robicheaux is a recovering alcoholic and practicing Catholic who is married to a former nun and is guided by a system of philosophy that combines hardboiled realism and incorruptible mysticism. Burke’s stories might begin with a simple homicide or rape but ultimately feel as if they are anecdotes from the Book of Revelation.

    The Tin Roof Blowdown, released in 2007, is set in the Armageddon atmosphere of New Orleans following Hurricane Katrina. Robicheaux must apprehend a pair of rapists, prevent a vigilante from creating more death and destruction, and save the life of a priest friend with a morphine addiction. Robicheaux believes that the rapist and the priest are equal in the eyes of God. The rapist hand-delivers a letter of apology to try to make amends for a crime that can likely never be forgiven, and he prays for forgiveness and redemption before dying. In one of the most moving conclusions to any book, Robicheaux believes that the rapist and the priest, who died in the days after the hurricane, are “safe inside a pewter vessel that is as big as the hand of God.” …

    “Learn to love sinners.” That’s Catholic priest and author Robert Barron’s advice to his seminary students if they ever hope to become effective priests. God is not dead in literature. He is hiding in the stories of sinners.

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  • Presty the DJ for March 15

    March 15, 2013
    Music

    Today being the Ides (Ide?) of March, let’s begin with the Ides of March:

    Today in 1955, Elvis Presley signed a management contract with Andreas Cornelis van Kuijk, an illegal immigrant from the Netherlands who named himself Colonel Tom Parker.

    The number two single that day:

    The number one British album today in 1969 was Cream’s “Goodbye,” which was, duh, their last album:

    (more…)

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  • How to balance the federal budget

    March 14, 2013
    US politics

    U.S. Rep. Paul Ryan (R–Janesville) in the Wall Street Journal:

    America’s national debt is over $16 trillion. Yet Washington can’t figure out how to cut $85 billion—or just 2% of the federal budget—without resorting to arbitrary, across-the-board cuts. Clearly, the budget process is broken.

    In other news, the sun will rise in the east tomorrow.

    House Republicans have a plan to change course. On Tuesday, we’re introducing a budget that balances in 10 years—without raising taxes. How do we do it? We stop spending money the government doesn’t have. Historically, Americans have paid a little less than one-fifth of their income in taxes to the federal government each year. But the government has spent more.

    So our budget matches spending with income. Under our proposal, the government spends no more than it collects in revenue—or 19.1% of gross domestic product each year. As a result, we’ll spend $4.6 trillion less over the next decade. …

    A budget is a means to an end, and the end isn’t a neat and tidy spreadsheet. It’s the well-being of all Americans. By giving families stability and protecting them from tax hikes, our budget will promote a healthier economy and help create jobs. Most important, our budget will reignite the American Dream, the idea that anyone can make it in this country.

    The truth is, the nation’s debt is a sign of overreach. Government is trying to do too much, and when government does too much, it doesn’t do anything well. So a balanced budget is a reasonable goal, because it returns government to its proper limits and focus. By curbing government’s overreach, our budget will give families the space they need to thrive. …

    The other side will warn of a relapse into recession—just as they predicted economic disaster when the budget sequester hit. But a balanced budget will help the economy. Smaller deficits will keep interest rates low, which will help small businesses to expand and hire. …

    Our budget repeals the president’s health-care law and replaces it with patient-centered reforms. It also protects and strengthens Medicare. I want Medicare to be there for my kids—just as it’s there for my mom today. But Medicare is going broke. Under our proposal, those in or near retirement will see no changes, and future beneficiaries will inherit a program they can count on. Starting in 2024, we’ll offer eligible seniors a range of insurance plans from which they can choose—including traditional Medicare—and help them pay the premiums.

    The other side will demagogue this issue. But remember: Anyone who attacks our Medicare proposal without offering a credible alternative is complicit in the program’s demise. …

    The current tax code is a Rubik’s cube that Americans spend six billion hours—and $160 billion—each year trying to solve. The U.S. corporate tax is the highest in the industrialized world. So our budget paves the way for comprehensive tax reform. It calls for Congress to simplify the code by closing loopholes and consolidating tax rates. Our goal is to have just two brackets: 10% and 25%. House Ways and Means Chairman Dave Camp has committed to pass a specific bill this year.

    If we take these steps, the United States will once again become a haven of opportunity. The economy will grow, and the country will regain its strength. All we need is leadership. Washington owes the American people a balanced budget. It isn’t fair to take more from families so government can spend more.

    The opposing view comes from 1600 Pennsylvania Ave., as National Review observes in its Morning Jolt:

    When it comes to chasing a balanced budget, President Obama is not exactly Inspector Javert (or Samuel Gerard, depending on your pop-culture frame of reference). But he admitted Tuesday he was never really trying that hard:

    In an exclusive interview with ABC News, President Obama rejected calls to balance the federal budget in the next ten years and instead argued that his primary economic concern was not balancing the budget, but rather growing the economy.

    “My goal is not to chase a balanced budget just for the sake of balance. My goal is how do we grow the economy, put people back to work, and if we do that we are going to be bringing in more revenue,” he said.

    “We noticed,” the guys at Weasel Zippers quip.

    In the broadest sense, Obama is right: A country with the economic resources and general stability that the United States has enjoyed through much of its history can afford to run a deficit. Wiser minds than me argue that the real measuring stick is the debt-to-GDP ratio.

    Our national debt is . . . $16,703,943,129,416.14, as of Monday. That’s $16.7 trillion.

    Our nominal GDP is $15.6 trillion. Oof.

    Looking at the inflation-adjusted numbers for our annual deficit, year by year . . . you know what used to be considered “a lot”? $500 billion, in 2004. (That year, unadjusted for inflation, it came in at $413 billion.) Back in 1991, it came in at $453 billion. So a half a trillion was the pre-Obama all-time high.

    Now look at the Obama era: $1.5 trillion in 2009, $1.36 trillion in 2010, $1.32 trillion in 2011, $1.1 trillion in 2012. We’re supposed to be really happy that this year it might come in under a trillion, in the $900 billion range.

    In other words, the best Obama has done is twice as bad as it’s ever been.

    Which doesn’t mean Ryan’s budget is ideal as Reason.com points out:

    Due to a variety of reasons, real spending has been flat for the past several years without Americans starving to death or being overrun by Islamic fundamentalists or neo-Soviet invaders. More important, the political establishment should understand that voters respond to politicians whose actions and policies stem from principle rather than from expediency. Was it only a week ago that a handful of senators led by Rand Paul (R-Ky.) created one of the most stirring moments in recent political memory simply by refusing to conduct business as usual? In standing up to a chief executive, an attorney general, and the man who now heads the CIA over questions of transparency and executive power, Rand Paul and his colleagues didn’t just show a spine and a vision sorely lacking in the typical Washington “statesman,” they spoke for voters who are rightly worried and concerned about the people who rule them. Whatever plaudits the filibuster partiicipants won, they also were widely attacked by the nation’s leading editorial boards and even senior members of their own party (John McCain memorably – and sadly – dubbed them “wacko birds”).

    Would that the crew behind the House Republican budget had one ounce of the same spine and ideological fervor of folks such as Rand Paul. If they did (or if they dared to include people such as Justin Amash in the budgeting process), they might have produced a document that would actually address out-of-control government spending and a future that is overwhelmed not simply by red ink but by slow economic growth caused by debt overhang.

    Sure, “The Path to Prosperity” will be “better” than the Senate’s long-awaited plan – at four years in the making, you’ve got to wonder if the ghost of slow-poke film director Stanley Kubrick is guiding that sad-sack document. And it will surely be “better” than the president’s – already late in turning in this year’s document, Obama has signaled that he’s not signing on to anything that doesn’t reverse the sequester’s cancellation of White House tours and other core functions of government.

    But being “better” than plans that will be put forth by political opponents shouldn’t be mistaken for being “good,” or even worthy of support. The fact is that the GOP budget plan, apart from its first two years on the spending side, in which it slightly reduces outlays from the current amount, is nothing to celebrate. There are workable alternatives out there, including plans floated by people such Paul, Sen. Tom Coburn, and the Republican Study Committee. While none of these proposed reform agendas represent a turn-key operation, they all have the benefit of actually grappling with the actual issues that are both at hand and about to slam the American people in a few years’ time.

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  • Benedict XVI, Francis I

    March 14, 2013
    Culture

    The Wall Street Journal’s Peggy Noonan was blogging from the Vatican before the cardinals chose the next pope:

    There is a sense too, at least among American Catholics I talk to, that this is in some new way a crucial moment for the church, even though we don’t understand or cannot name exactly why. It’s not only The Scandals, the Vatican bank, that source of half a century’s rumors, or Vatileaks. It’s not only the three cardinals who reportedly made a dossier on the last, bound in red leather and locked away like the third secret of Fatima for the next pope’s perusal. Those cardinals—again, reportedly—wrote of rivalries and ambitions. But what exactly does that mean? Who are the rivals and what are they fighting over? Ambitions for what, to do what? We are all wondering about this.

    Anyway, I talk to a lot of Catholics who are publicly sanguine and privately unsettled.

    All this is at odds with the burly bonhomie shown in public by those such as New York’s Cardinal Timothy Dolan, who in his few days in Rome has always been seen laughing and reaching out, joking and teasing. It’s a good thing to see. I want to feel the way he seems to feel. Maybe by the end of the conclave I will. …

    … there’s a lot of ignorant, tendentious and even aggressive media chatter about the church right now, and it’s starting to grate. Church observers are blabbering away on cable and network news telling the church to get with the program, throwing around words like “gender” and “celibacy” and “pedophile” and phrases like “irrelevant to the modern world.” …

    Right now every idiot in town feels free to tell the church to get hopping, and they do it in a new way, with a baldness that occasionally borders on the insulting. Whatever their faith or lack of it they feel free to critique loudly and in depth, to the degree they are capable of depth. I have been critical of the church over the sex scandals for longer than a decade. Here’s one column—but I write of it because I love it and seek to see it healthy, growing and vital as it brings Christ into the world. Some of the church’s critics don’t seem to be operating from affection and respect but something else, or some things else.

    When critics mean to be constructive, they bring an air of due esteem and occasional sadness to their criticisms, and offer informed and thoughtful suggestions as to ways the old church might right itself. They might even note, with an air of gratitude free of crowd-pleasing sanctimony, that critics must, in fairness, speak of those parts of the church that most famously work—the schools that teach America’s immigrants, the charities, the long embrace of the most vulnerable—and outweigh a whole world of immediate criticisms.

    But when they just prattle on with their indignant words—gender, celibacy, irrelevant—well, they’re probably not trying to be constructive. One might say they’re being vulgar, ignorant and destructive, spoiled too. They think they’re brave, or outspoken, or something. They don’t have enough insight into themselves to notice they’d never presume to instruct other great faiths.

    CNN found someone who actually knows something about the church:

    Cardinal Jorge Bergoglio of Argentina, the new pope, is breaking historic ground by choosing the name Francis.

    It’s the first time the name is being used by a pope, said CNN Vatican expert John Allen.

    Pope Francis chose his name in honor of St. Francis of Assisi because he is a lover of the poor, said Vatican deputy spokesman Thomas Rosica.

    “Cardinal Bergoglio had a special place in his heart and his ministry for the poor, for the disenfranchised, for those living on the fringes and facing injustice,” Rosica said.

    St. Francis, one of the most venerated figures in the Roman Catholic Church, was known for connecting with fellow Christians, Rosica added.

    Allen described the name selection as “the most stunning” choice and “precedent shattering.” …

    The name symbolizes “poverty, humility, simplicity and rebuilding the Catholic Church,” Allen said. “The new pope is sending a signal that this will not be business as usual.”

    Wigderson Library & Pub (and remember that Catholics started colleges and celebrated the wine part of the Eucharist):

    One of the advantages of being Catholic is that, instead of offering an opinion on who should be Pope, we’re more or less left to accept and offer prayers that the Cardinals make the right choice. That said, obviously there was a rooting interest for Cardinal Timothy Dolan. God must have other plans. I suspect the White House, as much as it prays, was hoping Dolan would become Pope, too, if only to get him to move to Rome. …

    It was interesting to listen to the speculation regarding the meaning of the name Francis. It was like watching a funeral from the Soviet Union and trying to figure out the significance of who is on the reviewing stand.

    What we know of Pope Francis is that he’s a Jesuit, he’s an Argentine, and he’s a humble and faithful man. He’s the first Pope from the New World.

    Pope Francis is a stauch defender of the unborn, even believing that politicians that support abortion and euthanasia should be denied Communion. That should make for an interesting visit by American Vice President Joe Biden to the Pope’s inaugural on Tuesday.

    He’s committed to ministering to the poor and unfortunate, but he’s not a Liberation Theologian. He is not afraid of conflict with secular authorities over gay marriage and adoption.

    He’s not a young man, yet Pope Francis is hoped to be a reformer of the institutions of the Church.

    The London Daily Mail adds:

    While he is unlikely to soften the Church’s approach to issues such as contraception, he has spent many years administering to the poorest in the land, endearing himself to them as ‘Father Jorge’.

    Though unwaveringly orthodox, he has never closed his mind to pastoral  realities. Six months ago, he delivered a blistering attack on priests who refuse to baptise children born out of wedlock, calling it — in his own typical style of phraseology — a form of ‘rigorous and hypocritical neo-clericalism’. …

    He has spoken out against liberal abortion laws and gay adoption, arguing that it infringed the rights of children to both a mother and father.

    This earned him a rebuke from Argentina’s President, Cristina Fernandez de Kirchner.

    But he has shown deep compassion for Aids victims, once visiting a hospice to kiss and wash the feet of 12 Aids patients.

    At the same time he has spoken passionately about the importance of pastoral care for divorcees. …

    He considers helping the neediest in society, rather than ideological battles about religious doctrines, the essential business of the Church.

    He has labelled those fellow Church leaders who enjoy the trappings of high office as hypocrites, saying they forget that Jesus bathed lepers and ate with prostitutes.

    This sort of pastoral work, aimed at capturing more souls and building the flock, is an essential skill for any religious leader in the modern era, says Bergoglio’s authorised biographer, Sergio Rubin. …

    Eight years ago, when he came second in the papal ballot, there were some doubts about his toughness. Why this should change now is yet to be explained.

    But, in electing him, the cardinals undoubtedly feel that, with his Italian roots, he will be able to take on the Vatican bureaucracy known as the Curia  — which has been subject to accusations of money laundering. And that he will take a tough line on the sexual scandals which continue to embarrass the Church worldwide. …

    The hope is that he will not put up with the cover-ups of recent years. We shall see. Certainly, he has never worked in the Vatican, so he has much to learn.

    But his appeal is in drawing respect from both conservatives and moderates, and for his deep spirituality. In an address last year he said Argentina was being harmed by demagoguery, corruption and totalitarianism. …

    And why did he choose to call himself Pope Francis? After 13th-century St Francis of Assisi, who set out to ‘rebuild a Church’.

    The funniest unfunny comment comes from Tim Nerenz:

    Be happy that the Pope is not elected in Wisconsin – a recall website would already be up and running, some Dane County judge would set aside the Conclave’s decision, the GAB would certify the votes of 13,000 new Cardinals bussed up from Illinois, all that smoke would be blamed on the Mining Bill, and the newly elected Pope Sarah Manski would immediately resign and move to California.

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  • Presty the DJ for March 14

    March 14, 2013
    Music

    The texting shorthand term “smh” (“shakes my head”) didn’t exist in 1955 because texting didn’t exist in 1955.

    But surely “smh” was invented for things like this: Today in 1955, CBS talent scout Arthur Godfrey made a signing decision between Elvis Presley and Pat Boone.

    Godfrey chose Boone.

    (more…)

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Steve Prestegard.com: The Presteblog

The thoughts of a journalist/libertarian–conservative/Christian husband, father, Eagle Scout and aficionado of obscure rock music. Thoughts herein are only the author’s and not necessarily the opinions of his family, friends, neighbors, church members or past, present or future employers.

  • Steve
    • About, or, Who is this man?
    • Facebook
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    • Adventures in ruralu0026nbsp;inkBack in June 2009, I was driving somewhere through a rural area. And for some reason, I had a flashback to two experiences in my career about that time of year many years ago. In 1988, eight days after graduating from the University of Wisconsin, I started work at the Grant County Herald Independent in Lancaster as a — well, the — reporter. Four years after that, on my 27th birthday, I purchased, with a business partner, the Tri-County Press in Cuba City, my first business venture. Both were experiences about which Wisconsin author Michael Perry might write. I thought about all this after reading a novel, The Deadline, written by a former newspaper editor and publisher. (Now who would write a novel about a weekly newspaper?) As a former newspaper owner, I picked at some of it — why finance a newspaper purchase through the bank if the seller is willing to finance it? Because the mean bank lender is a plot point! — and it is much more interesting than reality, but it is very well written, with a nicely twisting plot, and quite entertaining, again more so than reality. There is something about that first job out of college that makes you remember it perhaps more…
    • Adventures in radioI’ve been in the full-time work world half my life. For that same amount of time I’ve been broadcasting sports as a side interest, something I had wanted to since I started listening to games on radio and watching on TV, and then actually attending games. If you ask someone who’s worked in radio for some time about the late ’70s TV series “WKRP in Cincinnati,” most of them will tell you that, if anything, the series understated how wacky working in radio can be. Perhaps the funniest episode in the history of TV is the “WKRP” episode, based on a true story, about the fictional radio station’s Thanksgiving promotion — throwing live turkeys out of a helicopter under the mistaken belief that, in the words of WKRP owner Arthur Carlson, “As God is my witness, I thought turkeys could fly.” [youtube=http://www.youtube.com/watch?v=ST01bZJPuE0] I’ve never been involved in anything like that. I have announced games from the roofs of press boxes (once on a nice day, and once in 50-mph winds), from a Mississippi River bluff (more on that later), and from the front row of the second balcony of the University of Wisconsin Fieldhouse (great view, but not a place to go if…
    • “Good morning/afternoon/evening, ________ fans …”
    • My biggest storyEarlier this week, while looking for something else, I came upon some of my own work. (I’m going to write a blog someday called “Things I Found While Looking for Something Else.” This is not that blog.) The Grant County Sheriff’s Department, in the county where I used to live, has a tribute page to the two officers in county history who died in the line of duty. One is William Loud, a deputy marshal in Cassville, shot to death by two bank robbers in 1912. The other is Tom Reuter, a Grant County deputy sheriff who was shot to death at the end of his 4 p.m.-to-midnight shift March 18, 1990. Gregory Coulthard, then a 19-year-old farmhand, was convicted of first-degree intentional homicide and is serving a life sentence, with his first eligibility for parole on March 18, 2015, just 3½ years from now. I’ve written a lot over the years. I think this, from my first two years in the full-time journalism world, will go down as the story I remember the most. For journalists, big stories contain a paradox, which was pointed out in CBS-TV’s interview of Andy Rooney on his last “60 Minutes” Sunday. Morley Safer said something along the line…
  • Food and drink
    • The Roesch/Prestegard familyu0026nbsp;cookbookFrom the family cookbook(s) All the families I’m associated with love to eat, so it’s a good thing we enjoy cooking. The first out-of-my-house food memory I have is of my grandmother’s cooking for Christmas or other family occasions. According to my mother, my grandmother had a baked beans recipe that she would make for my mother. Unfortunately, the recipe seems to have  disappeared. Also unfortunately, my early days as a picky, though voluminous, eater meant I missed a lot of those recipes made from such wholesome ingredients as lard and meat fat. I particularly remember a couple of meals that involve my family. The day of Super Bowl XXXI, my parents, my brother, my aunt and uncle and a group of their friends got together to share lots of food and cheer on the Packers to their first NFL title in 29 years. (After which Jannan and I drove to Lambeau Field in the snow,  but that’s another story.) Then, on Dec. 31, 1999, my parents, my brother, my aunt and uncle and Jannan and I (along with Michael in utero) had a one-course-per-hour meal to appropriately end years beginning with the number 1. Unfortunately I can’t remember what we…
    • SkålI was the editor of Marketplace Magazine for 10 years. If I had to point to one thing that demonstrates improved quality of life since I came to Northeast Wisconsin in 1994, it would be … … the growth of breweries and  wineries in Northeast Wisconsin. The former of those two facts makes sense, given our heritage as a brewing state. The latter is less self-evident, since no one thinks of Wisconsin as having a good grape-growing climate. Some snobs claim that apple or cherry wines aren’t really wines at all. But one of the great facets of free enterprise is the opportunity to make your own choice of what food and drink to drink. (At least for now, though some wish to restrict our food and drink choices.) Wisconsin’s historically predominant ethnic group (and our family’s) is German. Our German ancestors did unfortunately bring large government and high taxes with them, but they also brought beer. Europeans brought wine with them, since they came from countries with poor-quality drinking water. Within 50 years of a wave of mid-19th-century German immigration, brewing had become the fifth largest industry in the U.S., according to Maureen Ogle, author of Ambitious Brew: The Story of American Beer. Beer and wine have…
  • Wheels
    • America’s sports carMy birthday in June dawned without a Chevrolet Corvette in front of my house. (The Corvette at the top of the page was featured at the 2007 Greater Milwaukee Auto Show. The copilot is my oldest son, Michael.) Which isn’t surprising. I have three young children, and I have a house with a one-car garage. (Then again, this would be more practical, though a blatant pluck-your-eyes-out violation of the Corvette ethos. Of course, so was this.) The reality is that I’m likely to be able to own a Corvette only if I get a visit from the Corvette Fairy, whose office is next door to the Easter Bunny. (I hope this isn’t foreshadowing: When I interviewed Dave Richter of Valley Corvette for a car enthusiast story in the late great Marketplace Magazine, he said that the most popular Corvette in most fans’ minds was a Corvette built during their days in high school. This would be a problem for me in that I graduated from high school in 1983, when no Corvette was built.) The Corvette is one of those cars whose existence may be difficult to understand within General Motors Corp. The Corvette is what is known as a “halo car,” a car that drives people into showrooms, even if…
    • Barges on fouru0026nbsp;wheelsI originally wrote this in September 2008.  At the Fox Cities Business Expo Tuesday, a Smart car was displayed at the United Way Fox Cities booth. I reported that I once owned a car into which trunk, I believe, the Smart could be placed, with the trunk lid shut. This is said car — a 1975 Chevrolet Caprice coupe (ours was dark red), whose doors are, I believe, longer than the entire Smart. The Caprice, built down Interstate 90 from us Madisonians in Janesville (a neighbor of ours who worked at the plant probably helped put it together) was the flagship of Chevy’s full-size fleet (which included the stripper Bel Air and middle-of-the-road Impala), featuring popular-for-the-time vinyl roofs, better sound insulation, an upgraded cloth interior, rear fender skirts and fancy Caprice badges. The Caprice was 18 feet 1 inch long and weighed 4,300 pounds. For comparison: The midsize Chevrolet of the ear was the Malibu, which was the same approximate size as the Caprice after its 1977 downsizing. The compact Chevrolet of the era was the Nova, which was 200 inches long — four inches longer than a current Cadillac STS. Wikipedia’s entry on the Caprice has this amusing sentence: “As fuel economy became a bigger priority among Americans…
    • Behind the wheel
    • Collecting only dust or rust
    • Coooooooooooupe!
    • Corvettes on the screen
    • The garage of misfit cars
    • 100 years (and one day) of our Chevrolets
    • They built Excitement, sort of, once in a while
    • A wagon by any otheru0026nbsp;nameFirst written in 2008. You will see more don’t-call-them-station-wagons as you drive today. Readers around my age have probably had some experience with a vehicle increasingly rare on the road — the station wagon. If you were a Boy Scout or Girl Scout, or were a member of some kind of youth athletic team, or had a large dog, or had relatives approximately your age, or had friends who needed to be transported somewhere, or had parents who occasionally had to haul (either in the back or in a trailer) more than what could be fit inside a car trunk, you (or, actually, your parents) were the target demographic for the station wagon. “Station wagons came to be like covered wagons — so much family activity happened in those cars,” said Tim Cleary, president of the American Station Wagon Owners Association, in Country Living magazine. Wagons “were used for everything from daily runs to the grocery store to long summer driving trips, and while many men and women might have wanted a fancier or sportier car, a station wagon was something they knew they needed for the family.” The “station wagon” originally was a vehicle with a covered seating area to take people between train stations…
    • Wheels on theu0026nbsp;screenBetween my former and current blogs, I wrote a lot about automobiles and TV and movies. Think of this post as killing two birds (Thunderbirds? Firebirds? Skylarks?) with one stone. Most movies and TV series view cars the same way most people view cars — as A-to-B transportation. (That’s not counting the movies or series where the car is the plot, like the haunted “Christine” or “Knight Rider” or the “Back to the Future” movies.) The philosophy here, of course, is that cars are not merely A-to-B transportation. Which disqualifies most police shows from what you’re about to read, even though I’ve watched more police video than anything else, because police cars are plain Jane vehicles. The highlight in a sense is in the beginning: The car chase in my favorite movie, “Bullitt,” featuring Steve McQueen’s 1968 Ford Mustang against the bad guys’ 1968 Dodge Charger: [youtube=http://www.youtube.com/watch?v=GMc2RdFuOxIu0026amp;fmt=18] One year before that (but I didn’t see this until we got Telemundo on cable a couple of years ago) was a movie called “Operación 67,” featuring (I kid you not) a masked professional wrestler, his unmasked sidekick, and some sort of secret agent plot. (Since I don’t know Spanish and it’s not…
    • While riding in my Cadillac …
  • Entertainments
    • Brass rocksThose who read my former blog last year at this time, or have read this blog over the past months, know that I am a big fan of the rock group Chicago. (Back when they were a rock group and not a singer of sappy ballads, that is.) Since rock music began from elements of country music, jazz and the blues, brass rock would seem a natural subgenre of rock music. A lot of ’50s musical acts had saxophone players, and some played with full orchestras … [youtube=http://www.youtube.com/watch?v=9CPS-WuUKUE] … but it wasn’t until the more-or-less simultaneous appearances of Chicago and Blood Sweat u0026amp; Tears on the musical scene (both groups formed in 1967, both had their first charting singles in 1969, and they had the same producer) that the usual guitar/bass/keyboard/drum grouping was augmented by one or more trumpets, a sax player and a trombone player. While Chicago is my favorite group (but you knew that already), the first brass rock song I remember hearing was BSu0026amp;T’s “Spinning Wheel” — not in its original form, but on “Sesame Street,” accompanied by, yes, a giant spinning wheel. [youtube=http://www.youtube.com/watch?v=qi9sLkyhhlE] [youtube=http://www.youtube.com/watch?v=OxWSOuNsN20] [youtube=http://www.youtube.com/watch?v=U9U34uPjz-g] I remember liking Chicago’s “Just You ‘n Me” when it was released as a single, and…
    • Drive and Eat au0026nbsp;RockThe first UW home football game of each season also is the opener for the University of Wisconsin Marching Band, the world’s finest college marching band. (How the UW Band has not gotten the Sudler Trophy, which is to honor the country’s premier college marching bands, is beyond my comprehension.) I know this because I am an alumnus of the UW Band. I played five years (in the last rank of the band, Rank 25, motto: “Where Men Are Tall and Run-On Is Short”), marching in 39 football games at Camp Randall Stadium, the Hubert H. Humphrey Metrodome in Minneapolis, Michigan Stadium in Ann Arbor, Memorial Stadium at the University of Illinois (worst artificial turf I had ever seen), the University of Nevada–Las Vegas’ Sam Boyd Silver Bowl, the former Dyche Stadium at Northwestern University, five high school fields and, in my one bowl game, Legion Field in Birmingham, Ala., site of the 1984 Hall of Fame Bowl. The UW Band was, without question, the most memorable experience of my college days, and one of the most meaningful experiences of my lifetime. It was the most physical experience of my lifetime, to be sure. Fifteen minutes into my first Registration…
    • Keep on rockin’ in the freeu0026nbsp;worldOne of my first ambitions in communications was to be a radio disc jockey, and to possibly reach the level of the greats I used to listen to from WLS radio in Chicago, which used to be one of the great 50,000-watt AM rock stations of the country, back when they still existed. (Those who are aficionados of that time in music and radio history enjoyed a trip to that wayback machine when WLS a Memorial Day Big 89 Rewind, excerpts of which can be found on their Web site.) My vision was to be WLS’ afternoon DJ, playing the best in rock music between 2 and 6, which meant I wouldn’t have to get up before the crack of dawn to do the morning show, yet have my nights free to do whatever glamorous things big-city DJs did. Then I learned about the realities of radio — low pay, long hours, zero job security — and though I have dabbled in radio sports, I’ve pretty much cured myself of the idea of working in radio, even if, to quote WAPL’s Len Nelson, “You come to work every day just like everybody else does, but we’re playing rock ’n’ roll songs, we’re cuttin’ up.…
    • Monday on the flight line, not Saturday in the park
    • Music to drive by
    • The rock ofu0026nbsp;WisconsinWikipedia begins its item “Music of Wisconsin” thusly: Wisconsin was settled largely by European immigrants in the late 19th century. This immigration led to the popularization of galops, schottisches, waltzes, and, especially, polkas. [youtube=http://www.youtube.com/watch?v=yl7wCczgNUc] So when I first sought to write a blog piece about rock musicians from Wisconsin, that seemed like a forlorn venture. Turned out it wasn’t, because when I first wrote about rock musicians from Wisconsin, so many of them that I hadn’t mentioned came up in the first few days that I had to write a second blog entry fixing the omissions of the first. This list is about rock music, so it will not include, for instance, Milwaukee native and Ripon College graduate Al Jarreau, who in addition to having recorded a boatload of music for the jazz and adult contemporary/easy listening fan, also recorded the theme music for the ’80s TV series “Moonlighting.” Nor will it include Milwaukee native Eric Benet, who was for a while known more for his former wife, Halle Berry, than for his music, which includes four number one singles on the Ru0026amp;B charts, “Spend My Life with You” with Tamia, “Hurricane,” “Pretty Baby” and “You’re the Only One.” Nor will it include Wisconsin’s sizable contributions to big…
    • Steve TV: All Steve, All the Time
    • “Super Steve, Man of Action!”
    • Too much TV
    • The worst music of allu0026nbsp;timeThe rock group Jefferson Airplane titled its first greatest-hits compilation “The Worst of Jefferson Airplane.” Rolling Stone magazine was not being ironic when it polled its readers to decide the 10 worst songs of the 1990s. I’m not sure I agree with all of Rolling Stone’s list, but that shouldn’t be surprising; such lists are meant for debate, after all. To determine the “worst,” songs appropriate for the “Vinyl from Hell” segment that used to be on a Madison FM rock station, requires some criteria, which does not include mere overexposure (for instance, “Macarena,” the video of which I find amusing since it looks like two bankers are singing it). Before we go on: Blog posts like this one require multimedia, so if you find a song you hate on this blog, I apologize. These are also songs that I almost never listen to because my sound system has a zero-tolerance policy — if I’m listening to the radio or a CD and I hear a song I don’t like, it’s, to quote Bad Company, gone gone gone. My blonde wife won’t be happy to read that one of her favorite ’90s songs, 4 Non Blondes’ “What’s Up,” starts the list. (However,…
    • “You have the right to remain silent …”
  • Madison
    • Blasts from the Madison media past
    • Blasts from my Madison past
    • Blasts from our Madison past
    • What’s the matter with Madison?
    • Wisconsin – Madison = ?
  • Sports
    • Athletic aesthetics, or “cardinal” vs. “Big Red”
    • Choose your own announcer
    • La Follette state 1982 (u0022It was 30 years ago todayu0022)
    • The North Dakota–Wisconsin Hockey Fight of 1982
    • Packers vs. Brewers
  • Hall of Fame
    • The case(s) against teacher unions
    • The Class of 1983
    • A hairy subject, or face the face
    • It’s worse than you think
    • It’s worse than you think, 2010–11 edition
    • My favorite interview subject of all time
    • Oh look! Rural people!
    • Prestegard for president!
    • Unions vs. the facts, or Hiding in plain sight
    • When rhetoric goes too far
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