aftermath

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Archive for October 21st, 2008

Decided

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McCain’s campaign has finally convinced me.

I voted for Reagan both times around, remain solidly Republican despite all the damage our current president has done to the party, and don’t plan to switch my party affiliation. And have been waiting and hoping and urgently wanting good reason to vote for the Republican ticket in this election.

All I am being offered by the GOP is fear. Or worse. Powell called it what it is: demagoguery. Yet far from disavowing it or distancing himself from it, John McCain embraces it, repeats it, uses it as the basis for his own decisions.

Warren Buffett, one of the most thinking, successful men in the world in economic circles and surely no socialist, endorses Obama and believes in Obama’s leadership and plans; but without being given any solid reason for doing so, and without being given any substantive proactive alternative leadership or plan beyond stay-the-course, I’m supposed to choose otherwise on the basis of simple fear. Colin Powell, one of the most thinking, successful men in the world in foreign policy circles and surely no pal of terrorists, endorses Obama and believes in Obama’s leadership and plans; but without being given any solid reason for doing so, and without being given any substantive proactive alternative leadership or plan beyond stay-the-course, I’m supposed to choose otherwise on the basis of simple fear.

I have investigated more, read more, watched more, gone far further into this election than for any before in the decades I’ve been a voter, because I have wanted desperately to vote for McCain. Alas, his campaign gives me only reason to vote against him, and he has shown no leadership whatsoever as his campaign gets only uglier and uglier. Is this what we want of our President: as the pressure and adversity get worse, the decisions made by the leadership only spiral out of control?

At first, McCain’s poor campaign decisions and abject lack of leadership only convinced me to abstain from voting for him. He and his campaign have finally convinced me what I need to do instead. I’ll be voting for Obama. With no regrets.

 

 

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Written by macheide

21 October 2008 at 9:56 pm

Posted in jourbeau

APM – Contrasts with Other Sets

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The Aftermath Pension Metric is determined on the basis of S&P 500 companies as of each business date. As of the same date the S&P is modified, the APM calculation picks up the change. For example, this past September 16, the S&P 500 dropped Lehman Brothers, for obvious reasons; so Lehman’s pension plans – reflecting almost $1.8 billion of pension assets as of the end of 2007 – were dropped from APM calculations as of that date. On September 19, Lehman’s spot was filled by Harris Corporation; since Harris has no defined benefit pension plan, that addition had no effect on the APM. Of course, the net effect of the deletion of a pension plan sponsor and its replacement with a company sponsoring only a defined contribution plan is simply the equivalent of the elimination of the departing company’s pension plan data from the APM calculations, previously noted as the typical phenomenon.

Typical, but not always the case. Today, the S&P 500 bids farewell to Dillards, which had been contributing only the liabilities of an unfunded supplemental executive retirement plan (SERP) to the APM. Its replacement is Nasdaq, which sponsors both a SERP and a mildly underfunded qualified pension plan; although both were frozen in mid-2007, they more than fill Dillards’ departure. But with only about $31 million in pension plan assets as of the end of 2007, this update won’t change the APM by any significant digit.

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Written by macheide

21 October 2008 at 4:04 pm

Posted in άctuary