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DBD Street Journal

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If you're wondering why your Global equity index is underperforming your US equity holdings:

https://www.spglobal.com/spdji/en/indices/equity/sp-china-500/#overview

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Half of US inflation has come from corporate profit margins

https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits

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SI loses the right to license its own brand, leading to massive layoffs: https://apnews.com/article/sports-illustrated-layoffs-fd731d842f378305b4ddbb115538ed58

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I saw this and was trying to remember the last time I read SI. I couldn’t remember.

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I read they had 100 writers. I wonder how many of those were FT? There's still some value in that brand if they knew what to do with it.

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OUR CRUMBLING DEMOCRACY

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US District Attorney writes a sentencing memo recommending 6 months jail and $200k fine for Peter Navarro for contempt of Congress for snubbing a subpeen. Navarro will be sentenced next week

https://www.politico.com/news/2024/01/18/doj-seeks-six-month-sentence-for-former-trump-aide-peter-navarro-00136544

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The insanely rich and powerful see no major problems if Trump is elected

https://www.cnbc.com/2024/01/18/davos-us-executives-see-a-trump-victory-in-2024.html

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Netanyahu isn't even pretending anymore that this isn't just an annexation of Gaza

https://www.pbs.org/newshour/world/israeli-strike-kills-16-in-southern-gaza-palestinians-say-status-on-medicine-delivered-to-hamas-hostages-unknown

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I don't see why the US should continue to send so much military support to Israel as long as this guy is in charge.

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I don’t think he wanted the current war or wants to annex Gaza (I think the last thing Israel wants is to govern Palestine), but Bibi needs to get lost in favor of someone who sees the longer term picture here. I get it that he is wary of the two state solution bc the last time it was quasi-tried, Gaza voted in a terrorist group, but there is really no other long term option.

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Jan 19·edited Jan 19

Israel could try a one-state solution. However, Israeli conservatives and ultra-conservatives would actually have to treat Palestinians as actual human beings and not as something subhuman.

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Which is not something they want to do.

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True! It would obviously also help if Hamas didn’t wantonly murder Israeli citizens…what an absolute mess

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Agreed. It takes two to tango and Hamas has definitely provoked and authored violence. You can't get to peace through violence.

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Iran pokes nest to try and expand Middle East conflict by supplying Houthi rebels. Joe Biden says he will oblige them.

https://abcnews.go.com/Business/wireStory/biden-us-strikes-houthi-rebels-continue-bombardment-deter-106486141

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Can we not just pay an extra 20 cents for our imported whiskey and have the ships just go around the southern tip of Africa?

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Trump says he wants to take a hardline against Senate deal of a compromise that will package Ukraine/border enforcement funding. Senate minority Whip says Trump is not being helpful. If Trump gets elected again, his hardline culture war BS will mean that nothing will get done through Congress and only EOs will work.

https://thehill.com/homenews/senate/4416909-trump-takes-on-mcconnell-senate-gop-on-border-package/

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if Trump gets back and follows through on these "I'm in charge" threats he keeps making, I expect that not only will he be purging staff from federal agencies, but he'll ignore both legislatively delegated authority and also budgets - essentially just put money wherever he and his minions do and don't want. Who's going to stop him?

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Sounds like a dictatorship, smells like a dictatorship...

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Speaker Johnson works with Democrats to approve a short-term spending bill to keep the Federal Government open through February. However, it seems Johnson is likely on borrowed time as the right flank will force a government shutdown on a gamble that they won't get blamed again for it.

https://thehill.com/homenews/house/4416370-shutdown-funding-house-biden/

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Judge orders Fulton County DA Fani Willis to respond to improper relationship with one of her prosecutors

https://www.politico.com/news/2024/01/18/trump-georgia-case-da-00136387

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Joe Lieberman's "No Labels" political group sues the DOJ and vows to continue its goal of electing Donald Trump by diverting enough Democrat voters

https://www.cbsnews.com/news/no-labels-party-2024-presidential-ballot-access-effort-complaint/

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I keep forgetting that miserable old twat is still out there and I'm never any happier when I'm reminded he's still promoting his bullshit

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PRO

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NFL Combine will remain in Indianapolis for at least another year because people tell me all the time how much they love Indianapolis. They come to me with tears in their eyes and say, sir, we love Indianapolis. It's really really really really uh great. Great people. Love 'em.

https://www.nfl.com/news/nfl-scouting-combine-to-remain-in-indianapolis-in-2025

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[NHL] Tony Hrkac saved someone who was choking at the LA Kings game and it wasn't the Kings choking

https://tmz.com/2024/01/18/former-nhl-player-tony-hrkac-saved-choking-nhl-employee-kings-game-crypto

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They just have to wait 50 more years and it will be cherished as a historic stadium.

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Never understood why they faced the outfield south towards the Robert Taylor homes and not north towards the skyline. There's got to be a good explanation, otherwise it's such a huge miss.

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Incompetent ppl do incompetent things

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Also, putting a park near the Dan Ryan / Ike interchange as I'm imagining seems like a real cluster***k.

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It was probably relatively cheap land. Therefore, attractive as a site. Also makes access easier by car or bus.

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I don’t think they would move because the stadium is outdated but rather because the development opportunity here is really pretty amazing. It would be a giant improvement in location. But, Reinsdorf is such a clown, I just don’t believe he could actually get all this done. He also pays no rent currently so I don’t think he really wants to move that badly

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I looked at the locations. While I think this will be a really nice location, I don't think it makes that much of a difference. It's still far from the prime downtown locations. I don't even like to go to Willis Tower because it's too far, and this is even further.

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I dunno, the current stadium is in nowheresville. This is smack dab in the area of town that has grown the fastest (South Loop, now full of condo towers and young folk), and is really close to where office types work. Plus it’s right by the museum campus, Buckingham Fountain. Would have amazing skyline views too. Main obstacle is Reinsdorf himself - a bumbling cheapskate only a few pubic hairs less of an ass than Fisher. I just don’t think he can get this done, would be a big lift for him to figure out

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Jan 19·edited Jan 19

I hope the cities doing new stadium deals have some serious penalties or clawbacks for the eventual (inevitable?) team abandonment of civic resource. This is getting ridiculous.

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Jan 19·edited Jan 19

If I were writing the contracts/penalties, cities would be due a portion of the real estate profits from any affiliated entity of team ownership, as such real estate profits are made within a certain radius of any new stadium/facility to which the team moves prior to the repayment of city investment in the original/existing stadium, either in state or or other state, for the life of that new stadium or until repayment made. See Braves abandonment of Turner Field for sweetheart back door deal real estate deal/enormous profits in Cobb County; see also the A's/Vegas. Might put an end to a lot of this nonsense.

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Jan 19·edited Jan 19

Getting ridiculous? It's been ridiculous since Camden Yards was built.

That's my "hindsight is 20/20" view about stadiums for corporate sports.

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Yes!

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I think if he tried to get public money it would be rejected. Cubs tried that recently for the Wrigley rehab and lost. I don’t think Sox, who have way less cachet, would fare any better

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CAL

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Jan 19Liked by SGBear

Go Bears!!!

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Women's basketball (12-5 overall, 2-3 in conference) hosts Oregon State tonight at 7:00 and Oregon Sunday at noon. A sweep would put the Bears in good shape in their pursuit of a tourney bid. Two losses might render such dreams impossible and a split makes it difficult. As I see it the Bears need to finish 9-9 in the Pac 12 (8-10 might do it) so they're dealing with fine margins. Fortunately the squad is currently healthy. OSU will be the tougher of the two.

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DBD AV CLUB

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Thursday for movie night in Phoenix, we watched a double feature:

Upgrade

and

The Snowman with Fassbender and the Queen, Rebecca Ferguson.

Both somewhat heavy, with lots of killing. Upgrade was a trip, with gratuitous violence. Snowman makes me want to go to Norway…looked very pretty, and snowy. It was a slow movie - I remember wanting to see it in the theater when it came out but shied away because it got such a horrible review. On Netflix, it’s apparently gotten a little bump in popularity, and though it wasn’t the worst movie ever, you can see why it was initially panned.

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Slow Horses .. realized it was on the one streaming service i dont have access to or pay for!

watched a couple episodes of Ahsoka since i have not been keeping up on all the new Star Wars shows - good stuff

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Lots of good stuff on AppleTV+. Drop Netflix for a few months and try it out. Much smaller footprint, but higher consistent quality.

There have been lists posted here of shows to watch. I’m sure they can be replicated if you want ;-)

also, Ahsoka…god that was horrible. Only able to get thru like 3 eps. Bad acting. Molasses dialogue. People surviving lightsaber stabbings?!?

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ELSEWHERE IN COLLEGE

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[NY Post] NFL in discussion to take stake in ESPN and indirectly have a huge say in college football.

https://nypost.com/2024/01/12/sports/espn-nfl-in-advanced-talks-on-agreement-that-could-give-league-equity-in-tv-giant/

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Maybe the colleges as development league will finally be formalized and NFL can be on the hook for some college team NIL/costs- I can dream!

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Miami's Cam McCormick is returning for his NINTH year of college football. He turns 26 in April. To put his contemporaries into perspective, the following people graduated high school in the same year:

Demetris Robertson, Nick Bosa, Justin H erbert, Jalen Hurts, Dexter Lawrence, AJ Brown, Michael Pittman, Mecole Hardman, DK Metcalf, Johah Williams, Trevon Diggs

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One of Vonnegut’s first books included “pro” college football. Need to figure out which and re-read it.

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By the time his college career is over he'll be eligible for social security.

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He should be close to his PhD by now.

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He would be a professor soon

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Emeritus

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Round

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Round steak is the American/British butchery cut of the cow's butt/upper leg. Cows use these muscles, so they are lean and lack flavorful fat. It is called "round" because the hind is butchered and looking down upon it, it is round in shape, including the round bisected thigh bone that runs through it. There are three main parts in the round - top, bottom, and eye - which are naturally partitioned through connective tissue. The top round can be cut into different thicknesses, which are then labelled differently (eg, thin Swiss Steaks, thick London Broil, whole beef roast). The very top of the top of that muscle isn't used as much and it is often called "Sirloin Tip", but it comes from the Round not the Sirloin area of the cow. It is tastier but has a gristle line running through it - including a fat cap on the outer part. It is gaining popularity because of social media under the Brazilian-butchery name - "pincanha". The bottom rounds are often cut up as "pot roast", "cube steak" because it is tougher. The eye is the toughest of all. Anything that has very little value is ground up, fat is added from another part of the cow, to make ground round - a relatively lean mix. And butchers will grind it with a fairly fine screen because it is a tougher meat.

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In the 1960s, one of Mad Magazine's many song parodies was "Ground Round", sung to the tune of "Downtown". Here are a few lines from memory:

When you eat meat,

But hate the meat that you're eating,

Then you've surely got

Ground Round!

It's so unnerving

When they're constantly serving

In and eating spot

Ground Round!

It may be called a chopped steak, Salisbury, or beef patty

No matter what it's called it's always overcooked and fatty.

What can you do...

-----------------------------

A quick search online shows more than one song about Ground Round. I guess Ground Round is inspirational!

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A semipro rendition of Ground Round

https://www.youtube.com/watch?v=sViTZ-q8aGE

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Jan 19·edited Jan 19

Because (from the Abbey Road album)

Because the world is round

It turns me on

Because the world is round

Ahhh...

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You never give me your money

You only give me your funny paper

And in the middle of negotiations

You break down

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I never give you my number

I only give you my situation

And in the middle of investigation

I break down

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publish or perish

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my first journal publication since i left graduate school 20+ yrs ago. as the 2nd author i only worked on the stuff at the end about the housing market and provided other sorts of moral support.

https://journals.sagepub.com/doi/10.1177/29767032231217444

it did get me thinking about the others on DBD that actually have more academic jobs than i do and how publishing research is just a big component of career success. for me it is just a "cherry on top"

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Impressive! I myself cannot even tell if quantum computing is a real thing or phony baloney Silicon Valley future talk. Good to know that someone understands it!

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