Wednesday, April 30, 2014

Wait Until Next Year

It's going to be a long offseason for the Chicago Bulls. They fought hard but in the end they just couldn't score enough buckets. Congrats to the Washington Wizards who were a much better team than I gave them credit for. Let's hope that Derrick Rose comes back strong from his knee injury.

The Humphrey Bogart Film Festival starts tomorrow in Key Largo. It's a 4 day event for Bogie lovers throughout the world. Casablanca remains my all time favorite film. Treasure of the Sierra Madre is also top notch.

The most exciting 2 minutes in sports is this Saturday with the 140th running of the Kentucky Derby. I used to be a huge race horsing enthusiast when I lived close to the Arlington International race track. Attending the Kentucky Derby is on my bucket list. The early favorite horse is California Chrome.

GE CEO Jeffrey Immelt believes that coal will be the biggest "technology" for the next 10 years. I'm not sure if the host on CNBC was more shocked than me as GE owns the network so he just swallowed hard. He doesn't believe it will be in the United States or Europe though. I'm flabbergasted that he thinks of coal as a tech anything. I'm equally stunned that people in the third world with no electricity and tropical temperatures have any need for coal at all. Yet, Immelt makes 22 million a year to be so out of touch!

The minimum wage bill was blocked for a vote today in the Senate. GOP Senator Susan Collins of Maine believes that it would hurt corporations. So that's what we've become I guess. A country of corporations and not a country of people.

Corporations have been outsourcing good paying jobs overseas for at least 40 years. Most of them will never come back. Service type jobs are the new normal whether anyone likes it or not. Hard working Americans can't make a decent living at the current minimum wage. Most of them are middle aged men and women under 30. A very small percentage are teenagers working part time. Corporations have made record setting profits for the last 5 years. Taxpayers don't need to be paying more public assistance. Let corporate America and ass clowns like Immelt be fair. Or, at least have Congress take up a vote on it. It's called democracy for a reason. GE didn't sign the Declaration of Independence, people did!


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