GDP

GDP, Thursday’s term du jour, stands for Gross Domestic Product. It’s the total value of the goods and services produced in a country for a specified period of time.

The GDP for the U.S. for the third quarter (July, August and September) was down 3/10ths of a percent in real dollars from the previous quarter. Less GDP is not good, and is one serious indicator of the R-word, “RECESSION.” (The actual current dollar value for the quarter was $14.429 trillion.)

The GDP consists of four components (and many sub-divisions, etc.). The four are (1) consumption (what you and I buy), (2) investment (what businesses spend to increase their capacity or inventory), (3) government spending and (4) net exports (exports minus imports, because imports are part of some other country’s GDP).

In this past quarter it was consumption that changed most markedly, dropping at an annual rate of 3.1%. And durable goods — refrigerators and cars — dropped at an annual rate of 14%.

You need to go out and buy some American-made stuff.

What I’m reading

Tried by War: Abraham Lincoln as Commander in Chief by James M. McPherson.

McPherson, retired professor from Princeton and the leading writer of his generation on the War of the Rebellion, describes the political, strategic and personnel issues Lincoln faced managing the War. It’s a well-paced narrative focusing on the Commander in Chief, not the armies.

Hello, Everybody!: The Dawn of American Radio by Anthony Rudel.

Rudel has written a topical history of early radio — commercial development, sports, news, religion, entertainment. Informative and interesting, but I’m nearly half way in and have set it aside as a little too inclusive and with insufficient storytelling. Good enough that I expect to get back to it when I finish McPherson, though.

A Big Banker Speaks Out

A 35-year veteran of the banking industry speaks out. An excerpt:

So far, despite doling out more than $125 billion in new capital to banks, the government has been unwilling to do anything more than politely ask the banks to make more loans. That approach is never going to work. Since 1999, the government has issued several guidelines to the banks, warning them of the potentially disastrous consequences of diving into the risky subprime mortgage market. It has urged them to curtail this behavior. The banks refused to listen and went head-long into that market, driven solely by greed. For the government to now believe that the big banks are somehow going to have an epiphany and change their behavior is delusional.

Best line of late night

“Vote for Stevens, a man of convictions.”

Jay Leno

Runner-up:

“Yesterday, in Washington, the Secret Service arrested a man who climbed over the White House fence. True story, yeah. Yeah, the Secret Service told the man, ‘Get back here, Mr. President. You have two more months.'”

Conan O’Brien

Computer buying guide

Walt Mossberg’s annual fall PC buyer’s guide. It includes this:

Windows vs. Mac: I consider the Mac operating system, Leopard, to be faster, easier and more stable than Windows XP or Windows Vista. It isn’t susceptible to the vast majority of malicious software that circulates on the Internet. And Macs also include Apple’s superb built-in iLife multimedia suite. Macs can even run Windows, though that costs extra.

However, Apple has consciously chosen not to offer machines in the bargain category. The cheapest Mac desktop, the minimalist Mac Mini, which doesn’t even include a monitor, speakers, keyboard or mouse, costs $650 for a model with a hard disk I consider adequate. The cheapest Mac laptop, the base model of the prior-generation MacBook (which Apple has retained in its lineup) is $999.

Both are good values, mainly due to the software. And Macs can save you money over time. But if the lowest upfront cost is your objective, you can pay hundreds less for desktops and laptops from Windows PC makers.

Mossberg provides PC specs for you to consider.

But if you want an Apple, you can get a perfectly satisfactory desktop Apple iMac with 20-inch monitor for $1144 from Amazon. A better one for $1419. And the awesome 24-inch iMac for $1694.

October 30

Today is the birthday

… of Robert Caro, born on this date in 1936. The Writer’s Almanac (2005) tells us about Caro, including this:

Since 1974, Caro has been working on a four-volume biography of Lyndon Johnson. He says he picked Johnson to write about because he wanted to write about political power, and he believes Lyndon Johnson was the most masterful getter and user of political power in the 20th century. For his research on Johnson, Caro has gone through 34 million documents at the LBJ Library in Austin, Texas, and he has conducted more than 1,000 interviews. He lived in Johnson’s hometown for three years so that he could get to know the people there well enough that they would open up to him. He also tracked down every living member of Johnson’s grammar school class.

Caro eventually uncovered the fact that Johnson had committed an unprecedented series of lies, manipulations, and vote tampering on his way to becoming a United States Senator. But what fascinated Caro was the fact that a politician who would commit such crimes in order to get power could still use that power for good. He points out that, when Johnson got into office, he became the greatest advocate for civil rights of any politician since Abraham Lincoln.

Caro’s third volume Master of the Senate won the Pulitzer Prize and a National Book Award.

… of Rudolfo Anaya, 71.

[B]orn in Pastura, New Mexico, in 1937. He grew up in the village of Santa Rosa, and he grew up speaking only Spanish, listening to folktales while he helped his family harvest. He went to college, then he taught middle school and high school. And in the evenings, he started to write a book, a fictionalized account of life in Santa Rosa, New Mexico. He couldn’t get it published, but finally, in 1972, he found a small press in California, and it became a classic: Bless Me, Última.

The Writer’s Almanac with Garrison Keillor

… of Grace Slick of Jefferson Airplane, 69 today.

… of Otis Williams of the Temptations, 67 today.

… of Henry Winkler. The Fonz, is 63.

… of Timothy B. Schmit, of the Eagles is 61. Before the Eagles, he was in Poco.

… of Terry “The Toad.” Charles Martin Smith is 55 today.

Ezra Pound was born in Halley, Idaho, on this date in 1885.

Ezra Pound is generally considered the poet most responsible for defining and promoting a modernist aesthetic in poetry. . . . His own significant contributions to poetry begin with his promulgation of Imagism, a movement in poetry which derived its technique from classical Chinese and Japanese poetry–stressing clarity, precision, and economy of language, and foregoing traditional rhyme and meter in order to, in Pound’s words, “compose in the sequence of the musical phrase, not in the sequence of the metronome.” His later work, for nearly fifty years, focused on the encyclopedic epic poem he entitled The Cantos.

Poets.org

José Manuel Gallegos was born in Abiquiú, Nuevo México, on this date in 1815.

His people were Hispanos, descendants of early Spanish settlers, and Gallegos went on to become New Mexico’s first delegate to the U.S. Congress.

Raised during the Mexican revolution, Gallegos was surrounded by republican ideals during his formative years of education with the Franciscan missionaries in Taos and Durango. Ordained a Catholic priest at age 25, Gallegos readily added political tasks to his clerical responsibilities. He became pastor of San Felipe de Neri church in La Villa de Albuquerque, as well as one of the nineteen “electors,” men who chose Nuevo México’s deputy to the Mexican Congress.

In 1848, the Treaty of Guadalupe Hidalgo ceded the Southwest, from Texas to California, to the United States. Nuevo México became the U.S. territory of New Mexico, and Gallegos was elected to its first Territorial Council. He won the election for delegate to the U.S. Congress in 1853, the second Hispanic Congressional Representative in U.S. history. Thirty-one years had elapsed since Joseph Marion Hernández, from the territory of Florida, had become the first Hispanic in Congress in 1822.

Suspended from the priesthood for refusing to accept the authority of French religious superior, Bishop Jean Baptiste Lamy (who became the subject of Willa Cather’s novel, Death Comes for the Archbishop), Gallegos put increasing energy into his political life. Subsequently, he was elected to the New Mexico Territorial House of Representatives, served as treasurer of the territory, and was superintendent of New Mexico Indian affairs. Gallegos returned to the U.S. House of Representatives for a second term in 1871.

Library of Congress

Enchanted undead

From 1868 to 1975, The Federal Vampire and Zombie Agency (FVZA) was responsible for controlling the nation’s vampire and zombie populations while overseeing scientific research into the undead. This site is a tribute to the men and women who served in the FVZA, especially the over 4000 Agents who lost their lives fighting to keep our country safe. In addition to paying tribute to the FVZA, this site hopes to call attention to dangerous research being done at the Santa Rosa Institute in New Mexico: research that runs the risk of bringing back a scourge of vampires worse than any before.

World Serious

In case you’re kind of interested, but not really paying attention, Game Five of the World Series resumes tonight at 6:37 PM MDT with the Phillies coming to bat in the bottom of the sixth inning and the score tied 2-2. This is the first time in World Series history that a game has been suspended (Monday night due to rain).

If the Phils win tonight, they win the Series, so it might be an exciting three innings — which often enough is about all the baseball one really wants to watch.

And more than too much of Joe Buck and Tim McCarver. I think I’ll watch Fox but listen to Jon Miller and Joe Morgan on ESPN Radio.

In New Mexico, Balm in a Volcanic Landscape

The New York Times visits the Jemez (hey-mess) Mountains. The article begins:

Perched at 6,300 feet and sandwiched between two striking red-rock mesas, the New Mexico town of Jemez Springs has long been a place of uncommon natural beauty and a refuge for all manner of pilgrims. In the 13th century, the Jemez people migrated to the valley, establishing a series of settlements in the area’s canyons; in the 17th century, Franciscan missionaries arrived, forcibly establishing a church in the Guisewa Pueblo — now the remarkably preserved Jemez State Monument. By the 1870s, a bathhouse was built, offering curative soaks in tubs fed by the town’s famous mineral hot springs.

Today, the bathhouse is restored and open for business; down the road, a Zen meditation center promises austere yogic calm. In Jemez Springs, about an hour and 15 minutes north of Albuquerque, there are artists and drifters and refugees from big-city living. It’s also a draw for hikers, bikers and anglers. Lava flows created the area’s rippling rock forms and bubbling fissures, and, as it has been for many over the centuries, the wrinkled landscape is a balm.