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	<title>Gryffyd Eamonn Dempsey</title>
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	<link>http://www.gryffyddempsey.com</link>
	<description>Unnecessaries and Effluvia</description>
	<pubDate>Tue, 11 Nov 2008 22:08:56 +0000</pubDate>
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		<title>Get yer finance on</title>
		<link>http://www.gryffyddempsey.com/get-yer-finance-on/</link>
		<comments>http://www.gryffyddempsey.com/get-yer-finance-on/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 22:08:56 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=201</guid>
		<description><![CDATA[Does anybody care about Collateralized Debt Obligations and the assorted financial instruments which are rocking our financial world?  No?  Too bad, because here is as cogent an explanation of the concepts behind them that I have yet read.
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			<content:encoded><![CDATA[<p>Does anybody care about Collateralized Debt Obligations and the assorted financial instruments which are rocking our financial world?  No?  Too bad, because <a href="http://www.gtnews.com/article/7462.cfm">here</a> is as cogent an explanation of the concepts behind them that I have yet read.</p>
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			<wfw:commentRss>http://www.gryffyddempsey.com/get-yer-finance-on/feed/</wfw:commentRss>
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		<title>Stop it.  Just stop.</title>
		<link>http://www.gryffyddempsey.com/stop-it-just-stop/</link>
		<comments>http://www.gryffyddempsey.com/stop-it-just-stop/#comments</comments>
		<pubDate>Wed, 05 Nov 2008 21:18:27 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=199</guid>
		<description><![CDATA[You would think that we could have maybe a day or two respite from politicking, but no.  Earlier today, as I was walking to Border&#8217;s to buy the audio mash note from my gal-pal Lucinda Williams, I passed a street corner exhibit denouncing the Wall Street bailout.  I had just glimpsed the name [...]]]></description>
			<content:encoded><![CDATA[<p>You would think that we could have maybe a day or two respite from politicking, but no.  Earlier today, as I was walking to Border&#8217;s to buy the audio mash note from my gal-pal Lucinda Williams, I passed a street corner exhibit denouncing the Wall Street bailout.  I had just glimpsed the name &#8220;LaRouche&#8221; on the placard when the young man at the exhibit offered me a leaflet and asked, &#8220;Have you heard about the coming crash?&#8221;  I made sure he saw me roll my eyes but did not stop.</p>
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		<title>Raising the bar</title>
		<link>http://www.gryffyddempsey.com/raising-the-bar/</link>
		<comments>http://www.gryffyddempsey.com/raising-the-bar/#comments</comments>
		<pubDate>Wed, 05 Nov 2008 18:01:02 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Dogs]]></category>

		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=197</guid>
		<description><![CDATA[Congratulations to President-elect Obama.  While his is an inspiring achievement for many, let us not forgot that for others his example is less salutary.  I am not speaking here of his political rivals.  Instead I think we should pity first-generation children of immigrants, to whom he now represents an almost insurmountable set [...]]]></description>
			<content:encoded><![CDATA[<p>Congratulations to President-elect Obama.  While his is an inspiring achievement for many, let us not forgot that for others his example is less salutary.  I am not speaking here of his political rivals.  Instead I think we should pity first-generation children of immigrants, to whom he now represents an almost insurmountable set of expectations.</p>
<p>Also, Obama has a particular example to set for the nation.  He would do well to pick a <a href="http://news.yahoo.com/s/ap/20081105/ap_on_el_pr/obama_puppy_gift_2">shelter dog</a> when fulfilling his promise to his daughters.</p>
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		<title>Aw shucks</title>
		<link>http://www.gryffyddempsey.com/aw-shucks/</link>
		<comments>http://www.gryffyddempsey.com/aw-shucks/#comments</comments>
		<pubDate>Tue, 04 Nov 2008 17:51:46 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Music]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=195</guid>
		<description><![CDATA[A couple of times I have mentioned Lucinda Williams on this hyeah web log (blog).  I never expected to attract her attention thereby, but now comes news that on her new album she covers AC/DC&#8217;s &#8220;It&#8217;s a Long Way to the Top&#8221;.
I think it&#8217;s pretty obvious Lucinda is sweet on me.
]]></description>
			<content:encoded><![CDATA[<p>A couple of times I have mentioned Lucinda Williams on this hyeah web log (blog).  I never expected to attract her attention thereby, but now comes news that on her new album she <a href="http://www.cnn.com/2008/SHOWBIZ/Music/10/22/lucinda.williams.finds.joy.ap/">covers</a> AC/DC&#8217;s &#8220;It&#8217;s a Long Way to the Top&#8221;.</p>
<p>I think it&#8217;s pretty obvious Lucinda is sweet on me.</p>
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		<title>Corruption</title>
		<link>http://www.gryffyddempsey.com/corruption/</link>
		<comments>http://www.gryffyddempsey.com/corruption/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 22:54:31 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Music]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=193</guid>
		<description><![CDATA[Earlier this month Mrs The Fyd and I witnessed Weezer bringing the rock music.  I write now not to praise Weezer, although they were most definitely praiseworthy that evening.  I write to mock the second opening band, Angels &#038; Airwaves.  We arrived after the first opening act was finished, so I cannot [...]]]></description>
			<content:encoded><![CDATA[<p>Earlier this month Mrs The Fyd and I witnessed Weezer bringing the rock music.  I write now not to praise Weezer, although they were most definitely praiseworthy that evening.  I write to mock the second opening band, Angels &#038; Airwaves.  We arrived after the first opening act was finished, so I cannot legitimately mock them, but I won&#8217;t believe they could have been as bad as A&#038;A.  Music like a bad Simple Minds tribute band, stage show like a third-rate Vegas spectacular, lead singer moving like a retarded mime.  It’s unkind to criticise anyone daring to show their creative side in public, but they were that crappy.  Mrs and I could not understand how they were teamed up with the Weez.</p>
<p>Speaking of crappy, I remember that after the previous time we saw Weezer, when they co-headlined with the Foo Fighters, the local paper’s next-day review was down on =w= and high on FF.  De gustibus and all that; on that night of the tour Weezer played first and we left before FF started, them being a band I had no interest in and I wouldn&#8217;t carp on anyone for having reciprocal taste.  In my case I doubt I would recognize any of their songs so I can&#8217;t judge them.  The problem with that particular reviewer however was that it was exactly unfamiliarity with Weezer that seemed behind his dissing of their performance.  In particular he singled out instances in each act’s set where the singer traded places with the drummer.  In comparison he had Dave Grohl being far more impressive than Rivers Cuomo.  Fair enough, but the point was not for Cuomo to show off this drum skillz; it was for Pat Wilson to show off his guitar playing.  And he is an excellent guitar player.</p>
<p>Which brings us back to A&#038;A.  Mrs and I wondered who chose them for the tour.  Were they pushed on the band by management or their label?  Now I know who was behind that decision; I just <a href="http://www.allmusic.com/cg/amg.dll?p=amg&#038;sql=11:knfqxqlsldfe~T1">discovered </a>that the drummer for A&#038;A is Atom Willard, who of course is pals with Pat Wilson and played in his band, the Special Goodness.  Who I saw play at Dante’s back in the day, and about whom I would never have guessed that such a talented drummer would end up in such a crappy band.  At least when he was with the Offspring he wasn’t embarrassing himself.  Some of the time.</p>
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		<item>
		<title>Recently Read</title>
		<link>http://www.gryffyddempsey.com/recently-read/</link>
		<comments>http://www.gryffyddempsey.com/recently-read/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 03:08:44 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Books]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=190</guid>
		<description><![CDATA[The Dreamstone, C.J. Cherryh
The Tree of Swords and Jewels, C.J. Cherryh
Darwin&#8217;s Radio, Greg Bear
Post-Mortem, Patricia D. Cornwell
Luckiest Man: The Life and Death of Lou Gehrig, Jonathan Eig
The Oxford Dictionary of Popes, J.N.D. Kelly
Old Man&#8217;s War, John Scalzi
The Damnation Game, Clive Barker
The Fight in the Fields: Cesar Chavez and the Farmworkers Movement, Susan Ferris &#38; Ricardo [...]]]></description>
			<content:encoded><![CDATA[<p><strong>The Dreamstone</strong>, C.J. Cherryh</p>
<p><strong>The Tree of Swords and Jewels</strong>, C.J. Cherryh</p>
<p><strong>Darwin&#8217;s Radio</strong>, Greg Bear</p>
<p><strong>Post-Mortem</strong>, Patricia D. Cornwell</p>
<p><strong>Luckiest Man: The Life and Death of Lou Gehrig</strong>, Jonathan Eig</p>
<p><strong>The Oxford Dictionary of Popes</strong>, J.N.D. Kelly</p>
<p><strong>Old Man&#8217;s War</strong>, John Scalzi</p>
<p><strong>The Damnation Game</strong>, Clive Barker</p>
<p><strong>The Fight in the Fields: Cesar Chavez and the Farmworkers Movement</strong>, Susan Ferris &amp; Ricardo Sandoval</p>
<p><strong>The Year&#8217;s Best Fantasy and Horror 2006</strong>, ed. Ellen Datlow and Kelly Link &amp; Gavin J. Grant</p>
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		<title>Haiku</title>
		<link>http://www.gryffyddempsey.com/haiku/</link>
		<comments>http://www.gryffyddempsey.com/haiku/#comments</comments>
		<pubDate>Tue, 28 Oct 2008 03:13:27 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Walks with the dogs]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=188</guid>
		<description><![CDATA[&#8220;What the fuck&#8217;s wrong with people?&#8221;
Drag dogs down sidewalk
They mourn dropped dirty diaper
]]></description>
			<content:encoded><![CDATA[<p>&#8220;What the fuck&#8217;s wrong with people?&#8221;</p>
<p>Drag dogs down sidewalk</p>
<p>They mourn dropped dirty diaper</p>
]]></content:encoded>
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		<title>Next up is a Thompson Twins cover</title>
		<link>http://www.gryffyddempsey.com/next-up-is-a-thompson-twins-cover/</link>
		<comments>http://www.gryffyddempsey.com/next-up-is-a-thompson-twins-cover/#comments</comments>
		<pubDate>Wed, 22 Oct 2008 20:56:36 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Music]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=186</guid>
		<description><![CDATA[Thirty years ago AC/DC used a set of bagpipes in one of their songs.  That accomplished, they promptly ditched innovation with grim resolve, such that listening for the first time to their new album, Black Ice, I just now found myself asking, &#8220;Is that a freakin&#8217;slide guitar?&#8221;  And answering, &#8220;Yes.  Yes it [...]]]></description>
			<content:encoded><![CDATA[<p>Thirty years ago AC/DC used a set of bagpipes in one of their songs.  That accomplished, they promptly ditched innovation with grim resolve, such that listening for the first time to their new album, <strong>Black Ice</strong>, I just now found myself asking, &#8220;Is that a freakin&#8217;<em>slide guitar</em>?&#8221;  And answering, &#8220;Yes.  Yes it is.&#8221;</p>
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		<title>A wild guess</title>
		<link>http://www.gryffyddempsey.com/a-wild-guess/</link>
		<comments>http://www.gryffyddempsey.com/a-wild-guess/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 22:12:12 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Politics]]></category>

		<category><![CDATA[Work]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=183</guid>
		<description><![CDATA[Because I get irritated by all the anti-mark-to-market bloviating going on, here is an apposite observation by Pierce Scranton, Chief of Staff to the President&#8217;s Council of Economic Advisors (feel free to discount any and all of his opinions if you: (a) hate advisors, (b) hate chiefs of staff, (c) hate the gubmint, (d) hate [...]]]></description>
			<content:encoded><![CDATA[<p>Because I get irritated by all the anti-mark-to-market bloviating going on, here is an apposite observation by Pierce Scranton, Chief of Staff to the President&#8217;s Council of Economic Advisors (feel free to discount any and all of his opinions if you: (a) hate advisors, (b) hate chiefs of staff, (c) hate the gubmint, (d) hate the President, (e) hate economics):</p>
<blockquote><p><span style="font-size: 12px;">But our fear is that by suspending mark-to-market, you are masking the problem. What matters for financial institutions right now is their liquidity positions. If they are unable to make good on something that requires near term liquidity, and they are relying on something they can&#8217;t sell in the market as collateral, that just masks their problem. Mark-to-market granted has some merits. So does the SEC saying we&#8217;re going to give you some time. The bill provides for a study and report on mark-to-market. If suspending mark-to-market would be effective, that authority is included in the legislation. <strong>The last thing we want to do when there is a lack of confidence in financial institutions is to prove an accounting mechanism for them to say &#8220;We&#8217;re just fine.&#8221;</strong> The market is going to see right through that, which would breed more distrust. [my emphasis]</span></p></blockquote>
<p>I think over the next ten years, the revenue the government will make on the &#8220;bail-out&#8221; will have a significant effect on reducing the deficit and national debt.  It&#8217;ll be an indirect taxation of foolish institutional financial gambles, and the citizen who will therefore avoid (partially) the massive tax increase that must come some day, due to our massive national debt, will be thankful.</p>
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		<title>Where I Am Kind</title>
		<link>http://www.gryffyddempsey.com/where-i-am-kind/</link>
		<comments>http://www.gryffyddempsey.com/where-i-am-kind/#comments</comments>
		<pubDate>Thu, 18 Sep 2008 19:17:34 +0000</pubDate>
		<dc:creator>Gryffyd</dc:creator>
		
		<category><![CDATA[Work]]></category>

		<guid isPermaLink="false">http://www.gryffyddempsey.com/?p=181</guid>
		<description><![CDATA[I&#8217;ve never gotten so many calls from worried investment bankers and money fund managers as I have this morning.  Every one wants to alleviate any worries I might have about their products&#8217; exposures to current market turmoil.  Without getting into details, we&#8217;re not holding any positions that would cause me any worries, but I appreciate [...]]]></description>
			<content:encoded><![CDATA[<p>I&#8217;ve never gotten so many calls from worried investment bankers and money fund managers as I have this morning.  Every one wants to alleviate any worries I might have about their products&#8217; exposures to current market turmoil.  Without getting into details, we&#8217;re not holding any positions that would cause me any worries, but I appreciate the calls.  Actually, the only worries I have is that these people must be under bad pressure and stress.  My propensity to make jokes to ease their strain has me wanting to josh them about not stepping out on their window ledges, but apparently I do indeed possess an untapped reservoir of self-restraint, as well as a few brain cells that recognize utter inappropriateness when they encounter it.  Who knew?</p>
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