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Friday, April 18, 2014
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Author Archive: Bud Stevenson

Food brings back fond memories

Some philosopher – I think it may have been Aristotle or Plato – once said that men always have one of three things on their minds. In case you didn’t know, the male “short list” consisted of food, sex and money. Not to get too personal, but two of those items still apply to me. […]

What sparked week’s market sell-off?

It should be reasonably easy to say something useful about why the market had a terrible week. After all, when the Nasdaq, especially the technology sector, has its worst week in almost three years, something must be going on. There is no shortage of reasons spewing forth from the sidelines, most of them both intelligent […]

More global warming baloney from Showtime

Wow! As if 23 hours a day of global warming propaganda isn’t enough to terrify us and make us believers, now a nine-part series will air on Showtime starting this Sunday. In case you’re wondering how even-handed it will be, seeing the title, “Year of Living Dangerously,” might offer a clue. According to a column […]

Easy to tell if you’re a liberal

Is there any doubt that support or resistance to the Affordable Care Act divides along liberal and conservative lines? What that really means is that those who think President Obama can do no wrong are more likely to welcome his health care plan. Or try this quiz: If you voted for Barbara Boxer in the […]

Tech terms prompt turn down memory lane

This is a true story, of course, but you’ll have to trust me. For the past 20 or 30 years, I’ve realized that I don’t understand new technologies, except for the ones I used in my business. So when I saw this headline in The Wall Street Journal, I was puzzled, to say the least, […]

State senator’s indictment a shocking development

Did I really comment in a recent column that state Sen. Leland Yee was an admirable legislator because he didn’t want the ban on affirmative action at our state universities to be revisited? So imagine my surprise, as they say, when I saw the headline in Thursday’s edition of the Daily Republic that said, “State senator […]

What will new Fed leader do?

It’s been said for years that the most powerful man in the world is not the president of the United States, the British prime minister, or the Communist Party boss in the People’s Republic of China. We’ll have to amend the question to ask, who is the most powerful person when it comes to influencing the […]

New attempt to circumvent college admission rules

Do you remember the famous line from the movie “Jaws?” “Just when you thought it was safe to go back in the water . . .” You might have thought that seniors at our high schools who were applying to top-tier colleges in the University of California system would be judged on their grades, board […]

March 21, 2014 | Posted in Local opinion columnists | Tagged , | 1 Reply

Indictment shows how the mighty have fallen

Growing up in suburban New York in the 1950s, my friends and I would occasionally talk about what we wanted to do after college. It was assumed that most of us would embark on a “professional” career. Sure, there were a few who aspired to become scientists, or even politicians, but the most sought after professions were […]

Aggravation from several events

There were so many stories that aggravated me this week that I couldn’t choose just one. I know, my wife Clare says that I live in a state of perpetual aggravation, so there was nothing unusual about the past six or seven days. At the top of my list is the “command” from Tim Cook, […]

News no longer accurate market predictor

They – whoever “they” are – insist that the rising market is predicting a robust economy, not only in the near term, but in the long run as well. Here I must repeat my favorite quote when it comes to where the market is going. Almost a century ago, the famous economist John Maynard Keynes summed […]

Failure, lies from Obama White House

I have a question for my liberal friends who still think Barack Obama is a great president. Why has he tolerated the lies, and there is no other word for them, of Health and Human Service Secretary Kathleen Sebelius? I’m not talking about predictions for the Affordable Care Act that were simply off the mark. These […]

Bottom line: US dollar remains strong

I’m not sure why they aggravate me so much, but whenever I see a commercial for gold or silver, my already high blood pressure goes up. If you’ve seen the hucksters and hustlers touting the precious metals over the years, you know that they fall back on one underlying theme. Whether it’s Lear Capital or Rosland […]

John Kerry’s wacky view of danger

If you’re old enough, you might have taken part in the mandatory exercise in grade school of ducking under your desk when the “practice” alarm bell sounded. The fear of a nuclear war between the United States and the Soviet Union hung in the air for decades, until the dissolution of the communist empire in […]

Hail Caesar, a comedy genius

Forgive the nostalgia, but the news triggered a wave of memories going back almost 60 years. Sure, he lived to the ripe old age of 91, but Sid Caesar’s death left a void in the panoply of a generation of comedians. Not only was his television show mandatory viewing in my home, but, in later […]

What’s the president’s ultimate goal?

Here are some famous quotations from American heroes – with one exception: “I only regret that I have but one life to give for my country.” “Don’t fire till you see the whites of their eyes.” “Lafayette, we are here.” “The British are coming! The British are coming!” “Mr. Gorbachev, tear down this wall.” “Four score […]

Does a biblical code make you a profit?

I had heard the commercial a half-dozen times, so I finally decided to see what it was all about. The ad was for something called “The Biblical Money Code,” and a listener was led to believe that following it would almost guarantee enormous stock market prophets, or rather, profits. I went to its website and […]

Lies they tell about ‘inequality’

If you followed the build-up to Barack Obama’s State of the Union address, you would know that one theme kept coming up. Indeed, it’s been a feature of Democratic propaganda for years, but it reaches a crescendo when an election is in sight. I’m talking about “inequality,” of course. I put the word in quotes […]

It keeps getting easier to scam

I was going to start today be sharing my observations about Friday’s market drop, the biggest since September 2011. Then I read about the scam that tricked an older woman in the Bay Area into “investing” not only $200,000 of her own money, but another $300,000 that she was talked into borrowing. Sad to say, […]

Surprising defense of Hillary Clinton

I never thought I would do this, but I’m going to defend Hillary Clinton. This does not mean that I have changed my opinion of her as a serial liar. To name a few untruths, there’s Whitewater, the Rose Law Firm, the story that she turned $1,000 into $100,000 in the cattle futures market, the […]

Bitcoins offer interesting conundrum

I’m trying to remember; isn’t there some kind of athletic event on television later today? Oh, I know – it’s figure skating at 1 p.m. After all, wouldn’t most guys around here rather watch figure skating than the 49ers in a playoff game against the Seagulls, which is what a friend called them? I hope you’re […]

Tales of drought and downpours

I don’t know why it still drives me crazy. When we’re in an extended dry period – and that doesn’t refer to the number of weeks I’ve gone without a drink – and radio and television personalities will be, as they say, not be clear on the concept. They’re reading the news, or maybe it’s […]

Bridge controversy brings bad memories

The traffic jam on the George Washington Bridge hits close to home – for me, at least. Years ago, 60 or more (gasp!), we lived in suburban New York. We had a favorite aunt – Aunt Emma – who lived in Cliffside Park, N.J. When we had a visit arranged – Thanksgiving, for instance – […]

Markets continue to confound doomsayers

Once again, the markets have confounded the doomsayers. If you had a dollar for every time in the past 30 years that we heard the Dow would run into resistance at – take your pick – 1,000, 5,000, 10,000, 15,000, you’d have enough to buy a hamburger. Those who give heavy weight to various numerical […]

Doomsday prediction for economy?

I usually don’t pay too much attention to year-end forecasts, although I do read them. But this one caught my eye. It was not one of the typical forecasts that seem to be written so that the analyst can say he or she was right, whatever happens. Or they can point to a dramatic event […]

Why do some people get a free pass on slurs?

Even if you don’t watch “Duck Dynasty,” you probably know what happened to the star, Phil Robertson. He made some derogatory remarks about homosexuality, equating it with bestiality, and he was promptly put on “hiatus” by Arts and Entertainment. A&E is the network that carries “Duck Dynasty,” the show that has become one of the […]

Market reaction to Fed ‘decision’ surprises some

We had a new word of the week for the stock and bond markets. The word was “taper,” not to be confused with “tapir,” a tropical animal with short legs and a long tongue. Taper became a favorite word in the comments of market analysts, as they guessed what the Federal Reserve was going to do at its […]

Eyes of Wall Street turn to Fed meet

Wednesday could be a big day for investors. Or maybe not. But the focus in the Wall Street world will be on the meeting of the Federal Reserve Open Market Committee. This group of seven members of the Fed’s board of governors meets eight times a year to look at the economy and make decisions […]

Time does not heal all wounds

It’s not often that I read a story for a second time. But when I saw that Al Sharpton was coming to Fairfield and would appear at the Mount Calvary Baptist Church, I was stunned. I think I can say without fear of contradiction that Sharpton is at or near the top of the list […]

December 13, 2013 | Posted in Local opinion columnists | Tagged , | 1 Reply

Pension debt uncertainty may ripple into bond markets

This should come as no surprise, but it is a glaring example of the problems that cities, counties and states will have if they want, or need, to right their overloaded pension systems. For years legislators in Illinois have been trying to fix what The Wall Street Journal describes as “the nation’s most broken state […]

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