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Archive for June 11th, 2008

Erroneous Pension Analysis

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erroneous pension analysis

Two very badly erroneous claims highlighted in a recently published report, as contrasted against the corresponding realities:

Claim: Pension plan assets for S&P 500 companies at the close of 2007 were 2.3% higher than at the close of 2006 (as represented here by the dotted blue line with diamonds).
Reality: Pension plan assets for S&P companies were actually 8.0% higher than at the close of 2006 (as represented here by the heavy blue line with shadowed diamonds).
Claim: Pension plans’ projected benefit obligations for S&P 500 companies at the close of 2007 were 4.6% lower than at the close of 2006 (as represented here by the dotted red line with squares).
Reality: Pension plans’ projected benefit obligations for S&P companies were actually 0.9% higher than at the close of 2006 (as represented here by the heavy red line with shadowed squares).

How can the truth be so badly misread? It’s actually quite easy: just double-count huge amounts at the 2006 end and neglect to include even huger amounts at the 2007 end. Read the rest of this entry »

Written by macheide

11 June 2008 at 6:02 pm

Posted in άctuary

return to an old desk

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beginning to arrange my eclectic collection of work stuff on th new desk to which i’d been assigned, had th feel of th beautiful desk i once owned back in ss433, place here was a dark unlit room that felt similar to th front desk area of sf sr high. two cd installations to be done on th computer. th way i was arranging th desk after those installations attracted mild interest, as if recognized from an old acquaintence

dinner with bill r in a very exclusive restaurant. after our dinner, he asked me to reach him one of th four sets of finely flavored sugar on a ledge behind me, a very rare dessert

“does this still work?” susan asked, bringing a portable computer that looked more like a hair dryer. i tried to find a way to point out that she was dragging th short cord with her, th plug bobbing along with her near her feet

Bumper Sticker [www.internetbumperstickers.com/] - oneirra

Written by macheide

11 June 2008 at 4:04 am

Posted in oneirra

Tube Boob

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What is your favorite TV show?

meme from susan

A

Currently, that would be Cash Cab. One of these days when I’m back in Manhattan, I’ll be watching for Ben.

Longer term, maybe Squawk Box, just to check in on what’s coming marketwise. Which doesn’t mean that I like everything CNBC pushes: my least favorite TV show – even worse than the most brainless reality TV – is Mad Money, for exactly the opposite reason that I like Squawk Box so much: because Cramer’s never had anything to scream, burp, or fart that has impressed me the least.

bumper sticker [www.internetbumperstickers.com] - not me

Written by macheide

11 June 2008 at 1:01 am

Posted in not meme