Tag Archives: Sandy

We Dodged Another Recession. 4Q 2012 GDP Was Positive. Barely. The Bare Minimum. But, Positive. So No Blizzard Related Recession.

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by
Anura Guruge


Related post:
Blizzards Biggest Fallout: A Possible Recession! — Feb. 10, 2013.


See that little blip at the very right. ‘0.1’. That was 4Q 2012 GDP. Never mind that it was 0.1, the smallest number that they can report. It was positive. We are in the clear for another quarter. Click to ENLARGE.


I had been meaning to write about this for 11 days since the REVISED 4Q GDP for the U.S. was released on February 28, 2013 — the day that the old pope, Benedict XVI (#266) officially resigned and left the Vatican. Suffice to say I have been crazy busy with pope stuff and continue to be.

I was waiting for the number. I was lying in bed, drinking my coffee, with CNBC on. When the number came in I gagged, more out of amusement than anything else.

I am so glad that after 4 years in power the Obama White House has finally come to realize that these are THEIR NUMBERS and a little bit of steaming, if not outright cooking, is OK — even expected. What is the point of being in power if you don’t abuse it — a bit.

The initial, first-cut reading of 4Q GDP, given Hurricane Sandy, at been negative. That was not good. Two quarters of back-to-back negative GDPs and we are automatically in a recession.

I was worried that the Blizzard Nemo might do to 1Q 2013 what Sandy had done to 4Q. That would have meant a recession. Not good for any of us, politically or financially.

But, common sense obviously prevailed in D.C., particularly at the W.H. Revise the 4Q GDP to 0.1%.

Everybody is now happy. It is positive. Even if 1Q 2013 comes in negative we are in the clear — since 2Q looks ‘OK’, sequestration or no sequestration.

Stock market is doing good, though my son, the new stock market wizard (with impressive results), got me to short the market on Friday. I indulged him, as I am wont to do. What is the point of having kids if you don’t indulge them. Of course there has to be a correction soon. So he will be proved right. Question is how much money we would have made by shorting. I, being poor, didn’t ‘bet’ that much. Don’t have the money. He was betting 2.5 times more than me. I am happy. I am the one who told him, about a year ago, that he, given the way his brain works, will be good at stocks. After a shaky start he is looking impressive. I could see a Guruge Hedge Fund in the future. That would be a riot. The ONLY other Sri Lankan I know who had a hedge fund is now in jail! But, Matthew has a different pedigree.

Kia Updated Mileage — Post Flap.


Anura Guruge, laughing, picture November 16, 2011.

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by Anura Guruge


Related posts:
>> Kia Offering Discounts For Fixing Cars Damaged By ‘Sandy’.
>>Nov. 3, 2012.
>>
Hyundai & Kia Get Caught Overstating Expected Mileage.
>>
Oh, Oh! … — Nov. 2, 2012.

>>
Team KIA, Concord, NH — We Have Nothing But THE BEST Words

>> To Say About This Car Dealership — June 28, 2012.


Click to access MILEAGE SPECIFIC Kia site.


Mileage for the 2WD Automatic (though with a really COOL manual override that you can use as a normal stick) Sportage. CLICK to access complete chart.

I am ashamed to confess that I don’t know whether I have the 2.0L or the 2.4L. We actually didn’t have a choice. The lease price I sought was only available on two specific Sportages they had in stock — one white, one black. We picked the white.

I think we might have the 2.4L.

That the 2.4L gets better mileage than the 2.0L isn’t as counter-intuitive as you would think. The 2.0L will have to work harder, especially with a/c. So the new revised mileage is between 28 and 30 mpg. I believe that. I can get around 29.3 mpg.

Kia, Possibly To Show Contrition For Milage Overstatement, Offering Discounts For Fixing Cars Damaged By ‘Sandy’.


Anura Guruge, laughing, picture November 16, 2011.

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by Anura Guruge


Related posts:
>> Hyundai & Kia Get Caught Overstating Expected Mileage.
>>
Oh, Oh! … — Nov. 2, 2012.

>>
Team KIA, Concord, NH — We Have Nothing But THE BEST Words

>> To Say About This Car Dealership — June 28, 2012.



Got an e-mail to this effect last night saying that they will fix any ‘Sandy’ related damages to Kias at a discount.

Since we lucked out, I deleted the e-mail. But, I now realized that there will be others that should make use of this offer. I, however, can’t find it on the Web! Hhhmmm.

But, if you do have a Hyundai or Kia that got damaged in the storm contact your dealership and see what they have to say. Your insurance company might know something about this too. All this said, you probably do know that the costs and estimates for body work on cars is a moveable feast. They manipulate the estimate to suit the insurance needs. So …

Hurricane Sandy: Alton Central School (ACS) Closing & Lack Of Phone Notification


Anura Guruge, laughing, picture November 16, 2011.

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by Anura Guruge


Related post:
>> Hurricane Sandy: We Dodged, To My Relief, Round 1 On Monday. Round 2 Tomorrow & Thursday — Oct. 30, 2012.


Alton Central School (ACS) closed for the day on Monday, October 29, ahead of Sandy.

Given that the safety of the kids is the #1, #2 & #3 priority of all concerned, I have NO problem with that. That was fine, though the heavy rain and winds didn’t kick in till about 4pm Monday.

I assume that the decision was made by the new Superintendent. IF SO, I hope he is as diligent about school closing and delayed start when we have SNOW.

We live off Prospect Mountain Road, and the school bus that serves us has to go down Water Street and up Muchado.

I have seen the school bus go down Water St. SIDEWAYS, more than once — with no traction and obviously no control, despite the automated chains! Yes, the bus has got stuck in snow on Muchado.

But, at least in the past, there was a cavalier attitude about ‘snow days’ — the excuse being that they would have to make it up in June. So, we also then get the ‘delayed start’ and ‘early release’ game play — because those don’t count as ‘snow days’. My point is simple, IF they closed yesterday, can we also CLOSE when we have snow so that I don’t have to watch the school bus go down Water Street SIDEWAYS? Though I am a fairly hardy person, and nothing much phases me, seeing a school bus sliding down a hill is not a pleasant sight. Yes, we did call up and complain.


We did not receive any telephone notification on Sunday that ACS was to be closed Monday.

Last school year, we would get 3 phone calls (house line, my cell, Deanna’s cell) every time somebody sneezed at ACS — with the phone calls always timed to perfect for 7pm.

On Sunday there were no calls.

Deanna just happened to check her e-mail late Sunday night. Usually I too get an e-mail, but I must be black-listed, or at least brown-listed, because I write posts such as these. C’est la vie.

Monday night Deanna called the school to see if there was a message about Tuesday. NADA.

Kind of strange all together. Yes, Deanna called and talked to somebody about it today.

Hurricane Sandy: We Dodged, To My Relief, Round 1 On Monday. Round 2 Tomorrow & Thursday.


Anura Guruge, laughing, picture November 16, 2011.

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by Anura Guruge


Weather forecast for Alton, NH from the fairly reliable ‘wunderground.com’. Click to access.


Yes, we got a lot of rain. Not sure how much. Deanna and Devanee say that our rain gauge, that was supposedly emptied prior to Sandy, says 4″ to 4.4″. That is respectable.

Yes, we had lots of wind gusts. Some pretty spectacular. The trees were bending, but nothing like they did when we had the tornado in 2009.

The lights flickered from noon till 11pm.

BUT, we didn’t lose power. I am in shock. We usually lose power IF a butterfly flaps it wings too hard! I was all set to lose power. Gassed up the two generators and moved them up to the front of the garage so that I wouldn’t have to move the van, as I usually have to do, to get them out. Even checked the oil and topped it up. Since I take care of the generator for my 80-year old neighbor, Jeannine, I even went and plugged her ‘self-start’ battery-in so that it would be fully charged. She has a fancy, orange Genrac. Start it with a key. If the battery is charged it is a joy to operate. Mine are much more low tech. Next time around I will get a big, wired-in Genrac.

Thank YOU PSNH. Take a bow. You did good.

The lights flickered from 1pm till 11:20pm. That drove me nuts. I try not to let too many things get under my skin, but I realized yesterday that flickering lights get under my skin. Part of it was that I was waiting for the power to go down. Though I have a big ‘uninterrupted power supply’ (UPS) on my main PC, I decided to close down shop around 4:20. Had one BIG post to do with the pope becoming the 5th oldest pope, as of 1400, to post before I gave up for the day.

We didn’t have Internet around 8pm. Deanna and the kids tried to see whether Alton Central School (ACS) was to be open Tuesday. They had no Internet. I wasn’t too phased. I expected that TDS would have some routing issues with the disruption in New York City. This morning I checked my TDS bandwidth (using my usual ‘speedtest.net‘). Perfect. Thank YOU, TDS.

But, I know that Sandy is revisiting us, this time from the North. The winds and rain should be less, but …

That will probably be Wednesday night and Thursday. As far as I know Alton is still having Halloween Night on Wednesday, 4:00 pm till ‘dark’; i.e., 5 or 5:30pm.

Alton Central School Pumpkin Decorating Contest. Deanna sent me this flyer and told me to post. So here. Click to ENLARGE.

I will keep you posted.