Via Calculated Risk
Day: October 24, 2008
And you’re worried about your portfolio
American stocks are holding their own compared to the rest of the world. Losses since the summer of 2007:
Here’s a sampling (not meant to be all-inclusive):
Markets down more than 70%: Vietnam (-70.5%), Peru (-73.2%), Ireland (-73.4%), Russia (-73.9%), Iceland (-88.7%).
Markets down between 60% and 70%: Hong Kong (-60.1%), Poland (-62.6%), China (-69.8%).
Markets down between 50% and 60%: South Korea (-54.5%), Italy (-55.2%), Egypt (-56.9%), Brazil (-57.2%), Japan (-58.1%), Singapore (-58.2%), Turkey (-58.5%), India (-58.3%).
Markets down between 40% and 50%: Great Britain (-42.3%), Australia (-43.3%), U.S.-S&P 500 (-44.0%), Spain (-46.4%), Germany (-47.0%), Mexico (-48.3%).
The euro is down to $1.262, a two-year low. Paris anyone?
October 24th
Today is the birthday
… of football hall-of-fame quarterback Yelberton Abraham “Y.A.” Tittle, 82.
Career record: 2,427 completions, 33,070 yards, 242 TDs, 13 games over 300 yards passing…Paced 1961, 1962, 1963 Giants to division titles…Threw 33 TD passes in 1962, 36 in 1963…NFL’s Most Valuable Player, 1961, 1963.
… of Bill Wyman. The Rolling Stones’ bassist (1962-1992) is 72.
… of F. Murray Abraham. The Oscar-winning best actor (Amadeus) is 69 today.
… of Kevin Kline. The Oscar-winning best supporting actor (A Fish Called Wanda) is 61 today.
Bob Kane, the cartoonist who created “Batman” was born on October 24, 1915. From his Times obituary in 1998:
In 1938 he started drawing adventure strips, ”Rusty and His Pals” and ”Clip Carson,” for National Comics. That same year, a comic-book hero called Superman appeared. Vincent Sullivan, the editor of National Comics, who also owned Superman, asked Mr. Kane and Mr. Finger to come up with a Supercompetitor. They developed Batman on a single weekend. Mr. Kane was 18 [23].
The first Batman strip came out in May 1939 in Detective Comics, one year after the debut of Superman. Batman’s first adventure was called ”The Case of the Chemical Syndicate.” And he was another kind of superhero entirely. Batman wasn’t as strong as Superman, but he was much more agile, a better dresser and had better contraptions and a cooler place to live.
He lived in the Batcave, drove the Batmobile, which had a crime lab and a closed-circuit television in the back, and owned a Batplane. He also kept a lot of tools in his utility belt, including knockout gas, a smoke screen and a radio.
”Since he had no superpowers, he had to rely only on his physical and his mental skills,” said Allan Asherman, the librarian of DC Comics.
Playwright and director Moss Hart was born on October 24th in 1904.
A distinguished librettist, director, and playwright who was particularly renowned for his work with George S. Kaufman. Hart is reported to have written the book for the short-lived “Jonica” in 1930, but his first real Broadway musical credit came three years later when he contributed the sketches to the Irving Berlin revue “As Thousands Cheer.” Subsequent revues for which he co-wrote sketches included “The Show Is On,” “Seven Lively Arts,” and “Inside USA.” During the remainder of the ’30s Hart wrote the librettos for “The Great Waltz” (adapted from the operetta “Waltzes of Vienna”), “Jubilee,” “I’d Rather Be Right” (with Kaufman), and “Sing Out the News” (which he also co-produced with Kaufman and Max Gordon). In 1941 he wrote one of his wittiest and most inventive books for “Lady in Dark,” which starred Gertrude Lawrence, and gave Danny Kaye his first chance on Broadway.
Thereafter, as far as the musical theater was concerned, apart from the occasional revue, Hart concentrated mostly on directing, and sometimes producing, shows such as Irving Berlin’s “Miss Liberty,” and Alan Jay Lerner and Frederick Loewe’s smash hits “My Fair Lady” and “Camelot.” He won a Tony Award for his work on “My Fair Lady.” His considerable output for the straight theater included “Light up the Sky,” “The Climate of Eden,” “Winged Victory,” and (with Kaufman) “Once in a Lifetime,” “You Can’t Take It With You” (for which they both won the Pulitzer Prize), and “The Man Who Came to Dinner.” Hart also wrote the screenplays for two film musicals, HANS CHRISTIAN ANDERSEN (1952) and the 1954 remake of A STAR IS BORN, starring Judy Garland. His absorbing autobiography, ACT ONE, was filmed in 1963 with George Hamilton as Hart and Jason Robards as Kaufman.
Coast-to-coast telegraph service was completed on this date in 1861.
Thursday, October 24th, 1929 — Black Thursday — was the first of three most significant days (the others were Monday the 28th and Tuesday the 29th) of the stock market crash.
Best line of the day, so far
Jackie: “Obama started his career in Bill Ayers’ living room!”
Dunlap: “What kind of terrorist has a living room?”
Line of the day so far
“The Jerome Levy Forecasting Center at Bard College, … has been among the most worried — and therefore, most accurate — forecasters over the past several years.”
Floyd Norris Blog – NYTimes.com
I recommend you NOT go and read what the Jerome Levy Forecasting Center at Bard College has to say. Save it for next Friday night — you know the night you want something really scary for Halloween.
Poll Porn
(Title stolen from Atrios.)
A few polls have shown Obama with leads in Georgia, North Dakota and Montana.
Just sayin’.
Redux best line of the day
Originally posted four years ago.
It has long been believed that the source of Boston’s sorrows is the legendary Curse of the Bambino, brought on by selling young Babe Ruth to the Yankees. This is untrue. Boston is actually cursed because the Red Sox took an unconscionably long time to get around to hiring any black players.
The Red Sox were the last baseball team to integrate; they did so in 1959.
NewMexiKen is old enough to remember this — and that the Washington NFL franchise was worse, not integrating until 1962. I’ve pretty much rooted against these teams ever since.
Lonely Are the Brave
Albuquerqueans in particular might enjoy Lonely Are the Brave, a modern-day western filmed largely in the Sandia Mountains. Kirk Douglas is a throw-back cowboy who breaks out of jail and heads for the crest on horseback to escape the sheriff’s posse (in jeeps and helicopters). It’s in black and white and difficult to see anything in the distant shots of Albuquerque — except that there wasn’t anything anywhere close to the mountains in those days (the film was released in 1962).
Walter Matthau is the ambivalent sheriff, George Kennedy a sadistic deputy. Look for future television stars Carroll O’Connor, William Schallert and Bill Bixby.
Screenplay by Dalton Trumbo from a novel by Edward Abbey.
NewMexiKen once read that Douglas thought this was his best performance.
Why’d the old man cross the road?
One sunny day in 2009 an old man approached the White House from across Pennsylvania Avenue, where he’d been sitting on a park bench. He spoke to the U.S. Marine standing guard and said, “I would like to go in and meet with President Bush.”
The Marine looked at the man and said, “Sir, Mr. Bush is no longer president and no longer resides here.”
The old man said, “Okay,” and walked away.
The following day, the same man approached the White House and said to the same Marine, “I would like to go in and meet with President Bush.”
The Marine again told the man, “Sir, as I said yesterday, Mr. Bush is no longer president and no longer resides here.”
The man thanked him and again just walked away
The third day, the same man approached the White House and spoke to the very same U.S. Marine, saying “I would like to go in and meet with President Bush.”
The Marine, understandably agitated at this point, looked at the man and said, “Sir, this is the third day in a row you have been here asking to speak to Mr. Bush. I’ve told you already that Mr. Bush is no longer the president and no longer resides here. Don’t you understand?”
The old man looked at the Marine and said, “Oh, I understand. I just love hearing it.”
The Marine snapped to attention, saluted, and said, “See you tomorrow, Sir.”