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  • Better than Social Security, mate

    May 8, 2012
    US business, US politics

    Last week, my treatise on the cars General Motors should build included several cars GM does build, but in Australia, not here.

    Rear-drive V-8 cars are not the only thing Australia does better than the U.S. Daniel J. Mitchell of the Cato Institute provides visual evidence of Australia’s answer to our Social Security:

    Let’s start by looking at some numbers from Australia, where workers set aside 9 percent of their income in personal retirement accounts.

    This system, which was made universal by the Labor Party beginning in the 1980s, has turned every Australian worker into a capitalist and generated private wealth of nearly 100 percent of GDP. Here’s a chart, based on data from the Australian Prudential Regulation Authority.

    Now let’s look at one of the key numbers generated by America’s tax-and-transfer entitlement system. Here’s a chart showing the projected annual cash-flow deficits for the Social Security system, based on the just-released Trustees’ Report.

    By the way, the chart shows inflation-adjusted 2012 dollars. The numbers would look far worse if I used the nominal numbers.

    This problem has been getting worse, not better, the past few years for three reasons. When people don’t work, or when incomes drop, that reduces payroll tax revenues. Payroll tax rates have been cut as well, which further reduces revenues for Social Security given our unimpressive economic performance. Even before those two reasons, the deficit has been growing because the ratio of Social Security contributors (that is, the employed) to recipients is heading toward 2:1. No Ponzi scheme like Social Security can stay solvent very long when there are half as many recipients as contributors.

    It never ceases to amaze me how few people realize what a ripoff Social Security is. As one of the comments on Mitchell’s post points out:

    IF you want to calculate HOW BAD Social Security is it’s easy to do a little chart of your own. Assuming you only eary $40,000 annually for 45 years of your working life and you chip in 7.5% and your employer does the same you would and your employer would contribute $6,000 annually to your retirement. If you look at the Vanguard Fund or Fidelity Fund over the past 45 years even the most modest of their funds have earned at least 5% average return. This would pay double what you would get from Social Security and you could leave about $750K to your kids when you die.

    How much Social Security do you get to leave for your kids? Zero. In fact, you have no guarantee of getting 1 cent of Social Security upon your retirement. The U.S. Supreme Court has ruled that no one has a right to Social Security. Whether you get anything at all depends on the whims of Washington, at least until they figure out that, you know, we’re broke.

    Notice the two dips in the Australian chart, in the early 2000s and late 2000s. Everyone with money in an investment knows that the value of that investment can go up or down. But, as numerous investment professionals have pointed out since I’ve been bringing this up in the past nearly two decades, the drop in return is off a much larger base than otherwise would be the case.

    The collective value of Aussie assets in their retirement system, even after their late 2000s drop, is now more than 90 percent of their gross domestic product. The same size system in this country would be nearly $14 trillion in size. I’m confident that private insurers als0 could come up with a better disability insurance system than Social Security has now.

    Notice as well that the Australian Labor Party made this system mandatory. The Labor Party is the most left-wing of Australia’s mainstream political parties, supposedly more left-wing than our Democratic Party. And yet Labor drew the conclusion that Australians were better off in a private account-based system, whereas Democrats lack the courage to make that step.

    In fact, it could be argued that with all working Americans having money in investments, that would create pressure to improve corporate governance, because, instead of only an individual company’s investors having an interest in how a company is managed, everyone would be interested in how all companies in which private retirement accounts are invested are run. That would also place pressure on politicians to effectively and appropriately regulate companies, in contrast to corporate regulation today.

    We know that a retirement system that involves private accounts works better than Social Security. Ask federal employees. They don’t get Social Security; they have their own retirement system. For that matter, where are union pension funds invested? The stock market.

     

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  • Presty the DJ for May 8

    May 8, 2012
    Music

    Today in 1954, the BBC banned Johnny Ray’s “Such a Night” after complaints about its “suggestiveness.”

    The Brits had yet to see Elvis Presley or Jerry Lee Lewis.

    The number one British single today in 1955:

    The number one single today in 1964 was from a group that had had number one with three different songs for 14 consecutive weeks:

    Today in 1965, what would now be called a “video” was shot in London:

    (more…)

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  • Whom to primarily vote for Tuesday

    May 7, 2012
    Wisconsin politics

    Tuesday is the gubernatorial recall primary election, another chapter in the farce that is Recallarama 2012.

    First things first: Those who support the Republican Party need to vote for Gov. Scott Walker in the GOP primary. Arthur Kohl-Riggs is a joke candidate. Which doesn’t mean he shouldn’t have the right to run, if he craves media attention that much. Wisconsin has a long history of candidates who turned out to be Wisconsin’s answer to perennial presidential candidate Harold Stassen.

    Based on media attention, the top two of the four Democrats are Dane County Executive Kathleen Falk and Milwaukee Mayor Tom Barrett. Each has a perfect record in statewide elections — 0 for 2.

    Despite his ability to win statewide office, in stark contrast to Democrats not named Herb Kohl or (until 2010) Russ Feingold, Secretary of State Douglas La Follette is not one of the favorites. For him to get media or voter attention requires voters to know what the secretary of state does. He’s succeeded in avoiding scandal and in getting reelected, and that is the sum of his qualifications to be governor.

    The case against Barrett is made by Sly of WTDY in Madison, as Media Trackers reports:

    Madison radio host John ‘Sly’ Sylvester called Milwaukee mayor and Democratic candidate for governor Tom Barrett a “failed mayor of Milwaukee” on his [April 19] morning radio show Sly in the Morning on 1670 WTDY. Sylvester, an avid advocate for labor and an endorser of Kathleen Falk, went on a long rant attacking Tom Barrett on Thursday morning. Speaking to labor backers and progressives, Sylvester opened a radio segment saying:

    I want to make something real clear here this morning. Tom Barrett is the Mitt Romney of Wisconsin. He’s been laying in the weeds watching things unfold in Madison while he’s failed as mayor of Milwaukee. Whether it be the bond rating, whether it be the infant mortality rate. I don’t blame him too much for the unemployment rate because frankly that is controlled more by outside forces. But the truth is, Tom Barrett’s not a very good mayor. It’s not all his fault, but he’s not a leader. And other than hiring a popular police chief, Tom Barrett has failed.

    He’s bored with the job. And so he waited for everyone to the heavy lifting, and at the last moment, three days before Milwaukee voters went to the polls, he announced he was running for governor. When he saw the John Doe investigation was gaining steam, he jumped in. He hemmed and hawed about whether he was going to get in. He played all sorts of games. He wasn’t even sure at one point whether he was gonna sign the recall. And while you were freezing, while your feet were stuck to the pavement, while you slept on the marble floor, Tom Barrett was in the warm confines of the Country Springs Inn talking about how you should pay for your healthcare and your pension.

    Sylvester went on to criticize the endorsements Barrett has earned in recent weeks including Senator Herb Kohl, former Rep. Dave Obey, and Madison State Senator and member of the ‘Wisconsin 14′ Jon Erpenbach. Sly criticized Barrett and his endorsers for “stealing the movement away” because they’re “a bunch of people who had nothing to do with [the protest movement].”

    Sylvester also lambasted Barrett for his lack of toughness saying “Tom Barrett needs to quit being such a whiny little girl.” And after playing a news clip that featured Barrett and Erpenbach complaining about attacks by Kathleen Falk and AFSCME, Sylvester questioned whether Barrett was tough enough to go up against Scott Walker:

    Ya know, I’m sorry, putting out an email talking about the working people versus the politicians, if you view that as an unfair tactic, you are not qualified Tom Barrett to go up against Scott Walker. ‘Cause if you think the patty-cake sort of wrestling you’re in right now is too rough? What Scott Walker has aimed in your direction will be 20 times as strong. And you’re hiding behind Jon Erpenbach? What a coward!

    If Sly weren’t being a shill for Dumocrats and their apparatchiks, he would admit that Barrett should be blamed for Milwaukee’s unemployment rate, because the state job losses of the past year have nearly all been from Milwaukee. (If Barrett were a Republican, Sly unquestionably would not feel so reasonable.) For Barrett to claim he’ll focus on job creation is another case of hope over experience, because Milwaukee has the highest metro unemployment rate in the entire state, 50 percent higher than the state jobless rate.

    Barrett also has tried to have it both ways on the public employee collective bargaining reforms Walker enacted, since he did use them to force City of Milwaukee employees to pay a fraction closer to what taxpayers pay for their employee benefits. (Those who are actually employed, that is.) Barrett’s other demonstration of his spinelessness is his disinterest in getting mayoral control of Milwaukee Public Schools, which I suspect he could have simply by phoning Walker. That would require risking his job, and holding those who get their paychecks from the taxpayers publicly accountable, and using his bully pulpit, and he has done little of any of that in eight years as Milwaukee’s mayor.

    I’ve already made the case against Falk twice on this blog. I could have replaced “absolute” with “arrogant” in the first blog headline after her most recent campaign, in which she claims “we” support the things Falk supports — knuckling under to public employee unions and the most radical environmentalist elements. Her claim of Dane County job creation in a county that features most of state government, a world-class university and the second largest county and city in the state is like opening a faucet and proclaiming that you’ve discovered water.

    Besides their 0-for-their-career records in statewide races, Barrett and Falk have one other thing in column, identifled by Wis. U.P. North:

    For those voting for Kathleen Falk or Tom Barrett, your property taxes will go up.

    For those voting for Kathleen Falk or Tom Barrett, your school district will raise your property taxes to pay for more and all teacher benefits.

    For those voting for Kathleen Falk or Tom Barrett, if your a business owner, your business taxes will be raised.

    For those voting for Kathleen Falk or Tom Barrett, the public unions will be in charge again, your taxes will go up. …

    Do the people of Wisconsin understand what they are saying? If the state of Wisconsin‘s (under Walker) budget is now balanced, why do taxes have to go up? What do they need more money for? What are they going to spend more money on? Is this election to give the power back to the unions or keep the power in the hands of Wisconsin tax payers?

    We wonder how many media outlets that covered the Moody’s downgrades in Milwaukee’s bond rating and omitted Tom Barrett’ name will report Barrett and Falk will raise taxes to the people of Wisconsin. Don’t hold your breath. Will the media be honest with its readers?

    So who does that leave? State Sen. Kathleen Vinehout (D–Alma), who the Wausau Daily Herald endorsed:

    Vinehout, a dairy farmer and former college professor from Alma, is the only candidate in this compressed gubernatorial campaign to dig in with both hands on the thorny challenges that the state’s next governor will face.

    While her Democratic opponents have been vague about the budget choices they’d make, Vinehout created an alternative state budget to illustrate to voters the specific balancing choices she would favor. While other candidates have focused on the political battle against Gov. Scott Walker, Vinehout has had the audacity to focus on a governing agenda — one that includes smart investments in education and infrastructure and a plan to improve the state’s health care system.

    Vinehout’s approach is detail-oriented and wonkish, sometimes to a fault. But we value the attention she’s given to the details of state policy and believe they would make her a promising candidate for Democrats. …

    Coming from outside of Milwaukee or Madison probably helps, too. Of all the candidates, there is no question that she showed the most interest in and understanding of the issues that move the more rural parts of the state, and the segment north of Highway 10. …

    In our hyperpartisan times, policy wonkery is out. We understand that but we don’t accept it. Vinehout offers a vision of governing based on the details of public policy rather than slogans or ideology.

    Vinehout is a dairy farmer. Falk looks at farmers as polluters. I doubt Barrett has any idea what happens on farms. As someone who grew up in rural Wisconsin, Vinehout might not be as reflexively anti-hunting and anti-Second Amendment as the rest of her party, but we don’t know that.

    As you know from my last blog, I am highly skeptical of those who claim we need to come together and avoid division. Vinehout does deserve some points, though, for decrying, at a candidate forum put on by a labor union in Milwaukee, the divisions between business and labor. (Labor union management has caused those divisions, but never mind.) I am also skeptical that her “vision of governing” doesn’t include ideology. But the fact she’s not from Madison or Milwaukee makes her the best choice of a bad Democratic lot.

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  • Divided like never before … not

    May 7, 2012
    Wisconsin politics

    One of the standard rhetorical weapons used by opponents of a particular politician is to accuse him or her of being divisive.

    The corollary for those who think politics has existed only during their lifetime is to argue that today’s politics are more partisan and more divided than ever before. Either group might claim that the most important principle of our country is “E Pluribus Unum.”

    I’ve never bought into the first argument. Politics is a zero-sum game — on any particular issue that doesn’t result in a  unanimous vote, one side wins, which means the opposite side loses. That is how representative democracy works. If you don’t like the result, you need to convince others next time. Whether President Obama is divisive or not means nothing to me; the fact he’s wrong on nearly every issue is what matters.

    As for the second argument, the Wisconsin Policy Research Institute’s Christian Schneider interrupts with reality:

    When Tom Barrett announced his candidacy in the Wisconsin gubernatorial recall election, he wasted no time in labeling incumbent Gov. Scott Walker “divisive” and offering to end the state’s “civil war.” Kathleen Falk, an earlier entrant into the race, complained that Walker “has just torn this state apart.”

    It is true that the battle over public-sector collective bargaining in Wisconsin has been tough-fought. It has simultaneously wrought bitterness, excitement, acrimony and entertainment upon a state renowned for its tranquil Midwestern politeness. But to now discover that the state is “divided” is like watching a half-hour of “The Artist” before realizing it’s a silent movie. …

    In fact, Wisconsin has always housed deep divisions; only these fractures traditionally haven’t been accompanied by bullhorns and picket signs. For decades, the state has been divided between people who don’t pay for their own pensions and those who pay taxes to subsidize those individuals. Wisconsin’s citizens have been divided between those who pay union dues in order to elect officials who then negotiate better pension and health benefits and those who can’t afford to do so.

    We now know the state has been divided between those who think it is appropriate to picket at elected officials’ homes and those who think it crosses the line. Before the collective bargaining imbroglio, some citizens may have thought it improper to publicly shower elected officials with vulgarisms; clearly, there are many who were just waiting for the opportunity. …

    Now, the state is still divided, but more vocally so – by a minority of public workers, who have an intense interest in the current system, vs. those with diffuse interests. For those who support Walker, the fruits of his government employee benefit restricting will be realized in the future; for those who oppose Walker, the effect on their everyday lives is direct and immediate.

    All of these divisions have been with Wisconsin for years; yet we couldn’t see them until they were banging a drum, dressed in a gorilla costume and blowing a vuvuzela.

    Barrett’s apparent claim that unity is more important than anything else is not only disingenuous, but wrong on its face. Complaints of divisiveness are, to put it bluntly, the lament of the loser. I am aware of no Democrat who complained when Gov. James Doyle signed off on raising taxes by $2.1 billion in the disaster area that was the 2009–11 budget.

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  • Presty the DJ for May 7

    May 7, 2012
    Music

    This being Monday, the number one single today in 1966 is appropriate:

    Today is the anniversary of the last Beatles U.S. single release, “Long and Winding Road” (the theme music of the Schenk Middle School eighth-grade Dessert Dance about this time in 1979):

    The number one album today in 1977 was the Eagles’ “Hotel California”:

    (more…)

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  • Presty the DJ for May 6

    May 6, 2012
    Music

    The number one British album today in 1972 was a Tyrannosaurus Rex double album, the complete title of which is “My People Were Fair and Had Sky in Their Hair … But Now They’re Content to Wear Stars on Their Brows”/”Prophets, Seers & Sages: The Angels of the Ages.” Really.

    (more…)

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  • Presty the DJ for May 5

    May 5, 2012
    Music

    The number one single today in 1956 was this artist’s first, but certainly not last:

    The number one single today in 1962:

    I’m unaware of whether the soundtrack of “West Side Story” got any radio airplay, but since I played it in both the La Follette and UW marching bands, I note that today in 1962 the soundtrack hit number one and stayed there for 54 weeks:

    (more…)

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  • Steve’s ultimate GM garage

    May 4, 2012
    Wheels

    Car and Driver had a fun piece back in December, asking General Motors President Mark Reuss what he’d build if he had the chance to build a car strictly from available GM parts.

    I don’t know if building cars specifically for GM executives is possible anymore simply due to production techniques. (One way the  Japanese demonstrated to improve quality on cars is to limit variations, as in options — make more equipment standard and fewer options available.) Government Motors’ ownership by you and me would make revelations of cars personally built for GM executives a public relations disaster. (And Reuss’ inclusion of the Volt’s motor makes you think GM employees are required to publicly shill for the sales disaster that is the Volt, although using the Volt motor as auxiliary power might be OK.) But back in GM’s glory days, such executives as Harley Earl and William Mitchell did have their own personally built cars.

    Still, despite how poorly the company is being run now, and how wrong the bailout is, and how much money taxpayers will lose through the bailout, I still feel some affinity toward Chevrolet as a former owner, and I’m a fan of Cadillac. And you know how I feel about the Corvette, whether or not I will ever be able to afford one.

    LSX TV picked up the Car and Driver piece and concluded with:

    Perhaps one day, Mr. Reuss will get a chance to build his ultimate car. If you had access to GM’s parts bin, what would you build?

    My first answer would be: You mean I can design only one? I have a wife and children, and I’m going to have to take them with me to various places. Sometimes I’ll just be with my wife (recalling our happy, quiet pre-child days), and that would indicate a two-passenger car. Pickup trucks have utility at certain times. Convertibles are great when the weather’s perfect, and not so great otherwise.

    Whatever kind of vehicles I’d design would have common characteristics. Each would have enough gauges (beyond the current speedometer, tachometer, fuel gauge and temperature gauge) for the driver to be able to tell if something bad was going on before the idiot light went off. Every single one of them would be equipped with a manual transmission, due to their superior driver control. (The fact that dual-clutch transmissions shift tenths of a second faster than humans ever could is meaningless given that I don’t drag-race.)

    I’m a bit disturbed that Reuss, a second-generation GM executive, would eschew the nearly six decades of development of what started as the Chevrolet small-block V-8 and now is used corporation-wide in favor of a high-horsepower but low-torque V-6. As far as I’m concerned, 440 horsepower is not enough. And while it may not seem like a big thing, GM’s Daytime Running Lights — that is, those based on the headlights that therefore burn out the headlights prematurely — would be gone, gone, gone, because DRLs decrease gas mileage but increase your need to replace headlights.

    Because I lack drawing skills regardless of the medium, the photos you’ll see are from actual cars within the GM family, or someone else’s depictions thereof.

    Let’s start with a simple four-door sedan:

    This is the HSV 427, briefly built by the performance subsidiary of GM’s Holden in Australia. The 427 has the 7-liter V-8 from the Corvette ZR1, which means it has, depending on the car, around 600 horsepower,  along with various suspension and brake parts to allow a driver to handle that much power without killing himself or herself on his or her first drive.

    Holden’s Caprice, which is being offered to American police departments, is the basis for the 427.  (The 427 certainly looks better than the Caprice, which in police trim looks like an overstuffed Impala.) Holden supplied Pontiac two cars, the GTO (which I would have loved to own had it not had one fewer back seat than this family needs) and the G8, before GM pulled the plug on Pontiac.

    I would assume the Steve Sedan would be tuned to have slightly less horsepower than the Cadillac CTS-V, and it certainly has more conventional styling than Caddy’s current “Art and Science” design. It should also have a smaller price tag than the CTS, which would make it something you can’t buy from Ford, and something you can’t buy from Chrysler (which has the 300 with available Hemi V-8) for that price.

    Of course, you know I own a station wagon, so I wouldn’t be that interested in a sedan.

    This is the HSV Clubsport R8 Tourer, which HSV still sells. HSV also used to sell (and still sells used) the all-wheel-drive version, called the Avalanche:

    The Avalanche (obviously unrelated to Chevy’s four-door pickup truck, which GM announced last month is heading to the Great Parking Lot in the Sky) could be thought of as a Subaru Outback with twice the horsepower. Unfortunately the HSV Avalanche came only with an automatic. We’d have to fix that.

    The real Avalanche is a pickup truck, sort of — it’s more accurately described as an SUV-based pickup truck. If you saw it parked next to a Chevy Silverado, you’d notice the box is shorter than the 6½-foot or 8-fo0t box of a Silverado. (If you saw an Avalanche parked next to a Chevy Tahoe, or a Honda Ridgeline parked next to a Honda Pilot, you’d see their similar length, whereas the Avalanche is shorter than the Silverado.) Trust me on this, because if I had to describe the difference between a truck-based SUV and a car-based SUV, I’d confuse readers further. (The Ridgeline and Pilot are based on the Odyssey minivan, which in turn is based on the Accord sedan. The Suburban and Tahoe are based on the Silverado, but the Suburban and Tahoe is not precisely the same as the Silverado.)

    On the occasions where I have pondered getting a pickup truck, I’ve always been torn between having the extra space behind the back window of a pickup, and having the extra space behind the back seats of an SUV. The former is larger (in fact, theoretically vertically unlimited); the latter is more protected from the elements. Studebaker first addressed this conundrum in its early 1960s Lark Wagonaire, which had a sliding roof over the cargo area. GMC briefly sold a similar vehicle, the Envoy XUV, which didn’t sell either.

    My thought is perhaps the Envoy was too small a vehicle on which to base a sliding-roof wagon. (You know what happened to Studebaker.) It would seem to make more sense to base it on a Tahoe, or even a Suburban, either of which would get you your choice of four-door pickup or SUV in the same vehicle. And if I had any drawing skills, I would insert the photo of the Suburban Wagonaire or whatever it would be called here.

    On other occasions where I have pondered getting a pickup truck, Holden and HSV provide what the Aussies call a Ute, and Americans have usually called by their brand name — in Chevrolet’s case, an El Camino:

    To this point I haven’t mentioned coupes, the stylish sibling of the sedan. Two-doors now seem limited to economy cars and sporty cars. The staple of the two-door version of a four-door car — on which NASCAR race cars are fictitiously based — seems to have faded with the sunset since Chevy got rid of its Monte Carlo and Pontiac got rid of its (imported from Australia) GTO.

    One person pined for the days of the old Chevelle so much that he actually built one, based on the last GTO:

    The Aussies bail us out again with their Holden Coupe 60 concept, which is more modern looking, though not as distinctive as the aforementioned “Chevelle SS.” It’s interesting (at least to me) to observe that today’s Camaro is nearly the same size as the 1970s Chevelle, when that era’s Camaro was smaller than a Chevelle.

    I’ve written about Cadillac before, and certainly if we’re going to create interesting cars for Chevy, we should create them for (and as) the Standard of the World too, including …

    … a really-high-priced sedan (this is the Sixteen concept, which was supposed to have, yes, a V-16) …

    … a car to meet the world’s need for four-door convertibles …

    … the return of the Coupe de Ville …

    … and Sedan de Ville …

    … and Eldorado, in this case a V-12 to compete with the Bentley Continental. (All of the aforementioned, by the way, were designed by someone who can actually design.)

    You didn’t think I was going to finish this without bringing up America’s Sports Car, did you? The car magazines, as they always do, have been busy ferreting out what they believe will be the C7 Corvette, due as a 2014 model within the next year.

    Since the C4 came out in the 1984 model year, the Corvette has gotten progressively more capable. It is arguably the greatest car for its price on the road today. And yet its appearance has become, well, meh, if it’s possible for a car that can exceed speed limits a multiple number of times to look nondescript.

    To demonstrate another amazing thing technology can do, boutique carmakers have been taking the extraordinarily performing C6 and putting bodies styled in the manner of the first two generations of Corvettes, resulting in a car with the classic styling of the first two generations of Corvettes without the classic (if that’s what you want to call it) nose-heavy bias-ply-tired drum-braked driving adventures.

    This is a Rossi SixtySix, built by, according to the company, “designers who choose to make cars we fall in love with.”

    I admit to being a bit dubious about the split-window of the much-loved 1963 Corvette … much loved, that is, among people who didn’t need to back up in them. There are reasons such styling touches disappear. I also think the hatchback of the last C3 and succeeding models provides much more utility than the nonexistent trunks of the C2 and C3. (How do you get the overnight bags in for your weekend trip with your fabulous babe?)

    GM’s C7 Corvette is already in the works. But similar to Ford’s last two Mustangs, GM would be on to something if they could build a Corvette that would bring to mind the positives of the styling of the first two generations, with the performance of the current generation, or better.

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  • Cars that match your clothes, or vice versa

    May 4, 2012
    Culture, Wheels

    As anyone who lived through the decade remembers, the 1970s were known for unusual and never-since-repeated trends.

    The Car Connection goes into one of those examples: what  it calls the “unholy pairings of car and couture.”

    This was actually assembled in Kenosha: The AMC Gremlin Levi’s Edition, “with upholstery that’s like blue denim Levi’s®.” Which, according to the Car Connection, “sold fairly well because it was a solid match-up of middle-class affordability and middle-class style.”

    The Car Connection did not mention three other textile-edition AMCs, the Gucci Hornet Sportabout …

    … Pierre Cardin Javelin …

    … and the Oleg Cassini Matador:

    The Designer Editions of the Lincoln Continental Mark V represented neither “middle-class affordability” nor “middle-class style,” given their $1,600 cost (plus $500 for velour seats) added to the $11,396 list price:

    … the Lincoln Continental Mark V actually came in four special editions by Bill Blass, Cartier, Givenchy, and Pucci. Unlike the humdrum, showroom versions of the Mark V, these pimped out rides came with special touches like tinted vinyl roofs and designer logos on the opera windows.

    (This of course, was when badass luxury cars had opera windows. Presumably because badass plutocrats really dig opera.)

    Out of those four, only the “Dove Grey” Cartier edition would be likely to grace a driveway today. The “Chamois”-colored landau roof on the “Midnight Blue” Bill Blass Edition or the “forward half vinyl roof”  on the “Dark Jade Metallic” Givenchy Edition would be what the farmer’s daughter in the house calls “calf scour” color. (For non-farmers: You don’t want to deal with calf scour. For parents: Think the color of baby poop.) The black-and-white Pucci Edition looks like a really high end squad car.

    Proving once again that there is no accounting for taste, the new-design Mark V, including its Designer Editions, set a Mark ___ sales record, outselling its main competitor, the Cadillac Eldorado. The battleship-size Mark V survived a year longer than the battleship-size Eldorado, which was downsized to cruiser size in 1979.

    The lead paragraph notes “never-since-repeated trends.” This perhaps should be a never-repeated trend, but the automakers have in fact gone ahead to the past with Harley–Davidson-themed Ford pickups (not equipped with a V-twin), Spice Girls-Special Edition Range Rover Evoque, Maserati GranTurismo Convertible Fendi, and the Fiat 500 by Gucci, and the even more strange Hermès Smart fortwo.

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  • Presty the DJ for May 4

    May 4, 2012
    Music

    Today in 1957, Alan Freed hosted the first prime-time rock and roll TV show — called, in a blast of original inspiration, “Rock ‘n Roll Show”:

    The number one single today in 1961:

    The number one single today in 1967:

    Today in 1970, Ohio National Guard soldiers shot and killed four Kent State University students, prompting this song:

    (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
    • Twitter
    • 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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