Archive for the ‘The World Around Me’ Category

Steve Jobs

Thursday, October 6th, 2011 |

Steve Jobs was an amazing entrepreneur. For those of you have not watched Steve Jobs’ 2005 Stanford commencement address should. His accomplishments serves as an inspiration to the rest.  May we never get lazy in our pursuit of our dreams and ambitions.

Stanford Commencement Address

Les Paul’s Birthday

Wednesday, June 8th, 2011 |

This post is dedicated to Les Paul the inventor of arguably one of the best electric guitars ever built. Rock music is grateful for his contribution.  He would be 96 years old today.

The Year of the Tornadoes

Friday, June 3rd, 2011 |

This year has been a whopper of a year for tornadoes. So far there has been a record 1425 tornadoes in the US. Five of those tornadoes were EF-5 which is the strongest category there is for a tornado. These five tornadoes have taken 243 lives. 2011 will probably be known as the year of the tornadoes. My question is WHY are there so many tornadoes?

Recession, or Depression?

Saturday, August 1st, 2009 |

Here is wikipedia’s short definition of what a depression is:

In economics, a depression is a sustained, long downturn in one or more economies. It is more severe than a recession, which is seen as a normal downturn in the business cycle. Considered a rare and extreme form of recession, a depression is characterized by abnormal increases in unemployment, restriction of credit, shrinking output and investment, numerous bankruptcies, reduced amounts of trade and commerce, as well as highly volatile relative currency value fluctuations, mostly devaluations. Price deflation or hyperinflation are also common elements of a depression.

I think this definition describes a lot of what we’ve seen these past few months.  This recession certainly has been a record breaker in many areas.  It just doesn’t seem like the normal garden variety recession. Watch it be labeled as something closer to a depression when all is said and done.

The Fog of Recession

Friday, May 8th, 2009 |

I think it’s interesting how different the same landscape can appear through a different set of eyes. So far with this recession I’ve read predictions from financial prophets of both doom and prosperity, each professional weighing in with their personal thoughts and predictions of the future. Maybe the differences in views has to do with what you choose to focus on. One annalist will say things are getting better and we’re on the road to recovery, the other sees major obstacles in our way and is more critical about what is being done. Both have their reasoning and the data that supports their thinking. I feel it’s good to be optimistic in life, at the same time, I think wisdom in this situation is also equally as important. Wisdom, I feel, would examine both sides of the coin and prepare for things to not go as imagined or planned. Right now it seems that some of the recession storm clouds may be breaking up, which is certainly welcome, but we don’t really know what turns exist in the road ahead. I guess the best thing to do is hope for the best, but at the same time be as realistic as possible. The last thing people need is false sense of hope that leaves them unprepared and in a worse state if things do take a turn for the worse.

The Italian Quake

Wednesday, April 8th, 2009 |

Its sad to read stories of the resent earthquake in Italy. For me, this earthquake underscore the importance of good building code in seismic zones. Good building codes save lives. Italy has a lot of historical buildings that are not as earthquake resistant as modern buildings, but even then there were numerous modern buildings which also collapsed in this quake. Earthquakes like these are catalyst for adopting strict building codes.

Another very interesting story in all this sadness is that a local scientist predicted this earthquake by using a device he invented which monitors radon gas emissions. Prior to the earthquake vehicles with loud speakers drove around the area broadcasting his discoveries. Authorities ignored his warnings and they even made him take down his findings from the Internet. Imagine that. Watch the scientific community eventually value his discovery.

Quantitative easing

Monday, March 23rd, 2009 |

Not sure what to think on the Fed’s recent decision to start buying U.S. Treasury securities. There are a number of risks to quantitative easing, one of them being hyper-inflation. I guess we’ll see if things work out the way the Fed is hoping, or if it ends up being yet another brick laid on the road that leads to double digit inflation. Hold on to you’re gold, you may see its value increase.

California better get its act together

Sunday, February 15th, 2009 |

Okay, I think I got this correct: Since the credit crises California’s coffers have been running low, very low, so low that its budget is now running a 42 billion dollar deficit. Because of its deficit, its credit rating is falling. Because its credit rating is falling loans are now harder to obtain. Because it can’t get the loans it needs to operate, sate employees are having to take mandatory furlows, since the state can’t afford to employ them full time (lay-offs are also a possibility.) To make matters worse for the passed 102 days, and one all-nighter, California’s lawmakers can’t come to any agreement on a way to adjust the budget. Of course this is not taking into account the ballooning unemployment rate in the state which is now at 9.3%, and rapidly plunging property values.

California has been a prosperous state, it is responsible for 13 percent of the United States GDP, and has the largest GSP (gross state product) in the US. I’m not an economist, but if this budget crises continues California is going to be bankrupt.

Man, what a day!

Monday, September 29th, 2008 |

I’m getting tired of writing about money, but today was too big NOT to write about. You can read an account of today’s drama on Wall street here. Today was the markets third largest decline since world war II. It lost 1.2 trillion dollars in one day.

October has always been an ominous month for Wall street. It brought the likes of the crash of ’29 known as “Black Tuesday” and the crash of ’87 known as “Black Monday.” What will October bring us this time around? All I can say is be ready for anything.

About Me

Welcome to my blog. My name is Justin Paone and this is where I express my thoughts, discoveries,views and the day-to-day happenings in my life.

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