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Archive for August 29th, 2008

Not Your Daddy’s Pension Cost

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* * * aftermath exclusive * * *

Here’s another graph you won’t see anywhere else. There’s no lack of chatter about what this chart points at; but as far as I know, nobody else has run the figures.

For fiscal years 2003 through 2007, we’re showing the net periodic pension cost (red triangles) for S&P 500 companies that sponsor defined benefit pension plans, as determined under GAAP as prescribed by SFAS 87. In constrast, we then show what the “immediate” pension cost (orange circles) would have been for those same companies.

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Written by macheide

29 August 2008 at 8:20 pm

Posted in άctuary

Only a Game

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Oh come on, John. Look your would-be constituents straight in the eye, just once, and tell them what they already know anyway. No? Oh, that’s right: everyone also knows your idea of the truth is no better than that of the failed Administration you have ever-distant dreams (our increasingly scary nightmares) of carrying on for another sad four years.

One can only hope the American voter is not as stupid as your cynical move demeans us as being. And for every weak vote this political joke swings your way, that there will be at least ten who see it for the sad display of absence of leadership and sound decision-making that it is. And that any “bump” this gives you in the polls is nothing more than the illusion that comes from hitting the car ceiling when you’ve been blind enough to steer through a huge pothole.

(And no, it is not “mean-spirited” to expect that a presidential candidate’s first major decision show some intelligence and wisdom beyond very shallow politics thinly veiled behind a pitiful lie.)

bumper sticker [] - jourbeau

Written by macheide

29 August 2008 at 2:47 pm

Posted in jourbeau

loose partial

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i see my partial lying on th pavement near th diving boards. i almost step on it, it’s not where one expects to chance upon one’s teeth. next time through there they are again. i had not realized they had fallen out again. must be getting too loose

a brown spider scrambles around on my styrofoam coffee cup. doug j thinks at first i’m being silly to avoid drinking my coffee, since he had not seen it scurry and believes i’m just being paranoid about it hiding inside th coffee cup lid. then he and another companion see it hiding and realize it to be a poisonous species whose bite would have been bad. when they carefully lift th cup to take all its hiding places away, it jumps at me. check for me please, is it lurking behind me? is it on my shoulder?

Bumper Sticker [] - oneirra

Written by macheide

29 August 2008 at 4:04 am

Posted in oneirra