Restaurant Performance Index at Record Low
Submitted by
CalculatedRisk on Wed, 01/07/2009 - 11:17am (427 comments)
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That's too bad; I always liked restaurant performers.
CLIFF DIVING...peak restaurants?
Now is a great time to buy and sell er.. overpriced food?
Dammit should've shorted EAT today.
Is their a way to tell the difference in dining levels..fast food vs casual vs high end?
CRE on a diet now.
I wonder how dependent the restaurant industry is on gift cards. Last Christmas, I got a "Marble Slab" Gift Certificate, and I was like "who thinks to give this crap"?
crispy didn't McD's just say they were doing pretty well? I'm curious as to the criteria for the term "restaraunt" as well. Are bars included in this? I work in a bar, I'm not surprised in the least with these numbers. Our business has been way off as well. I will say it's picked up the past couple of weeks, even this week afer the Holidays I'm doing better and had a great day yesterday. It might be a regional thing though, the Paper mill here had shut down in November and there were rumors it wouldn't reopen. It reopened last week so people are somehwat more upbeat here now.
Almost time to open the squirrel dinner.
OT: Looks like another money manager pulled the ole Steve Miller Band "take the money and run". Is this happening all over and not being reported???
Trader vanishes after questions » Knoxville News Sentinel
\t Rob Dawg writes:
| \t01.07.09 - 2:33 pm | # \t Basel Too(Unrated) writes:
\tCRE on a diet now.
\t Rob Dawg | \t \t \tHomepage
I wonder how dependent the restaurant industry is on gift cards. Last Christmas, I got a "Marble Slab" Gift Certificate, and I was like "who thinks to give this crap"?
Insensitive clod! I got nothing for my christmas!!!
I find it interesting that the current bottom is about the same level as the early '04 peak growth...
Does this imply several years at 98?
I know we're eating out less and only at a few restaurants. Only one isn't 'mom and pop' owned.
Got Popcorn?
Neil
Dining out is one of the first discretionary expenditures to go...
We desperately need a Restaurant Czar.
I recall a poster saying over on a message board for RRGB that the root beer float machine "would save the company" during this "short down-turn".
Ciao
MS
Darth Paulson writes:
Almost time to open the squirrel dinner.
Depression special at Denny's?
What will the picture look like?
Got Popcorn?
Neil
fire up the pizza oven, were are getting a Sbarro czar to capitalize on the mall closures and pizza runs for the FDIC.
I wonder how dependent the restaurant industry is on gift cards.
Basel Too | 01.07.09 - 2:35 pm | #
Rats.... knew I forgot something.... was going to get a couple of gift cards to Outback around Christmas, when they were running their "buy $100, get $20 free".
mm...... discounts........
Gift cards: Spend them while you can.
It reopened last week so people are somehwat more upbeat here now.
Comrade Kristina
Good to hear. But is the town really that dependent upon one employer?
Got Popcorn?
Neil
Got Squirrel?
I recall a poster saying over on a message board for RRGB that the root beer float machine "would save the company" during this "short down-turn".
Ciao
MS
MS | 01.07.09 - 2:37 pm |
Does the root beer float machine qualify his company for independent lending corporation status?
The number of jobs lost through restaurant closure are going to dwarf many other sectors. The fact that many of the workers in this sector also have poor health insurance + poor layoff packages is going to hurt millions.
Lucifer - don't forget "No savings"
Neil, that and tourism. I live in Panama City Fl. We've been hurting bad for two years now. We had a huge housing boom and now of course the huge bust. We have little industry here save the Paper Mill, Arizona Chemical and the military. The tourist industry as well but with the economy the way it is, tourism isn't exactly booming. A real mess here.
The fact that many of the workers in this sector also have poor health insurance + poor layoff packages is going to hurt millions.
insurance and layoff packages... We're talking about F+B, right? Most of the workers are lucky if the employers don't skim processing fees from the credit card receipts.
We were in Las Vegas last week. The bars were packed.
I would like to apologize to the woman I groped in that piano bar.
my wife went to restaurant.com and purchased coupons for $2. one of the participating restuarants is Majors. you spend at least $35 and the coupon gave you a $25 discount. not bad feeding a family of 3 for $10 and have leftovers to boot. now, why are they not performing??
I sense that any social unrest might start in this group. Poorly paid, younger, large numbers, more physical and nothing to lose.
Neil writes:
Darth Paulson writes:
Almost time to open the squirrel dinner.
Depression special at Denny's?
What will the picture look like?
Got Popcorn?
Neil
Neil | Homepage | 01.07.09 - 2:37 pm |
comme ca
Since Obama's school choice seems to be a topic of conversation along these lines -
"Ironically, those gunning for them, if they are, are more likely to come from the ilk attending the private school." - I'll post this here.
I can tell just how many people here don't even bother to actually understand the school the Obama's will be sending their kids - Sidwell Friends School: Home
Or for those willing to rely on that famously inaccurate source of information, Sidwell Friends School - Wikipedia, the free encyclopedia
'Sidwell Friends School is a pre-K-12 Quaker private school located in the United States with one campus in Washington, D.C. and one campus in the Bethesda unincorporated area in Montgomery County, Maryland.
Described as "the Harvard of Washington's private schools",[1] Sidwell was founded in 1883 by Thomas Sidwell. Its motto is Eluceat Omnibus Lux ("Let the light shine out from all"; it can also be translated as "by all," an allusion to the Quaker concept of inner light). All Sidwell Friends students attend Quaker meetings for worship weekly.
The school's admissions process is merit-based. As documented on the school's website, it gives preference in admissions decisions to members of the Religious Society of Friends (Quakers), but otherwise does not discriminate on the basis of religion.
President-Elect Barack Obama is sending both his daughters, Sasha and Malia, to Sidwell for their education.[2] Previously, Presidents Teddy Roosevelt, Richard Nixon, and Bill Clinton sent their children to Sidwell, as did Vice President Al Gore.'
Amazing, those famous Republican elitists Teddy Roosevelt and Dick Nixon did the same thing as Obama. At least Nixon had a better connection to the school - 'His mother was a Quaker, and his upbringing is said to have been marked by conservative Quaker observances of the time, such as refraining from drinking, dancing, and swearing' Richard Nixon - Wikipedia, the free encyclopedia
That's right, Republican Nixon's children may have received preferential admissions treatment due to their family background. I still can't remember any outrage on the part of the American public about Nixon's distrust of public schools, however. Maybe because with Nixon, where he sent his kids to school seemed relatively unimportant as the body count ebbed and rose over the weeks, months, and years of his presidency.
Considering what is facing American society, I would have thought about where Obama's children go to school would be considered equally trivial, but that was an apparently mistaken belief.
Where is the outrage at Obama sending his children to a school that forces children to attend weekly services? Or the outrage that the Quakers refuse to be real American patriots, with their Christian beliefs forbidding the taking of life or practice of torture. Especially in light of the fact that many of the same loud voices now complaining about Obama's educational choices are those that have previously defended war and torture as part of compassionate conservatism in the service of a strong America, they should now talk about how Quakers are objectively anti-American or objectively pro-terrorist, or whatever other objective reason they need to foam at the latest outrage of a man they didn't vote for anyways.
I mean, read this statement from the Quakers to realize the immense folly of sending children to be educated within their framework -
'Quaker Declaration of Pacifism
"We utterly deny all outward wars and strife, and fightings with outward weapons, for any end, or under any pretense whatever; this is our testimony to the whole world. The Spirit of Christ by which we are guided is not changeable, so as once to command us from a thing as evil, and again to move unto it; and we certainly know, and testify to the world, that the Spirit of Christ, which leads us into all truth, will never move us to fight and war against any man with outward weapons, neither for the kingdom of Christ, nor for the kingdoms of this world."
- to Charles II, 1660
Does that restaurant.com crap work? There was a place we go to quite often, so we ordered $20 worth of certificates for $3X2, but haven't received them since, and it's been like a week. I'll let you guys know when I get them though.
I sense that any social unrest might start in this group. Poorly paid, younger, large numbers, more physical and nothing to lose.
Lucifer | 01.07.09 - 2:44 pm | #
The wage and benefits match the skill and education. They are victims of themselves.
Me and Anakin's take the other day.
rent_to_own,
blackhat tips his hat.
well said.
i, for one, don't give one fat hoot where the nobama's send their kids to school. get over it.
Yes, but educated people are also less likely to fight as they feel that they have something to lose.
I live in a tourist town, but it's mostly daytrippers and it's also the off-season; not many people head down to the beach in January in Northern California, except surfers.
That said, the restaurants that I know are doing well are local-owned breakfast/lunch places. Owners of a coupl of them (I'm a breakfast guy) say business is steady, cross your fingers.
One of the things about breakfast is that a great breakfast costs you about 1/3 as much as a great dinner. Maybe that makes a difference.
We were forbidden to leave the building for a short period today as the Obama was in the neighborhood. Many were a twitter.
You get used to security and motorcades but they are far more extreme than they have ever been. I was talking to an agent while I was working out, and he said they are going for a 4 mile security radius on the "Day."
Meanwhile the food gets older because it is not getting eaten as fast. Plus, they can't afford to throw it out. I also like how the tables have more space around them.
yes, the restaurant.com works. she printed them on-line and we've used them twice.
">comme ca
\t Darth Paulson | \t \t \t \t01.07.09 - 2:44 pm | #
Darth Paulson | 01.07.09 - 2:44 pm | #
The Silver Star Casino in Ms. run by The Choctaws(pd.Abramoff Millions) will only open three days a week. Hugh outfit...
Yaar. why couldn't we print them online. thx jeff will look into.
I'm not sure it's prudent to compare Obama to Nixon ... yet.
.
The key to the turnaround may be putting Crapplebee's out of business forever and sparing future generations the horror of its food. Think of the children for God's sake!!
One of the things about breakfast is that a great breakfast costs you about 1/3 as much as a great dinner. Maybe that makes a difference.
Bob Dobbs | Homepage | 01.07.09 - 2:49 pm | #
And by eating a great breakfast, you are less hungry throughout the day, at least in my case.
bearly writes:
We desperately need a Restaurant Czar.
bearly | 01.07.09 - 2:37 pm | #
Too many Czars.
We just need a Czar Czar!
rent_to_own
Sidwell is good for the security people. DC ranked 51 out of 50 states and P.R. for quality of education.
Quakers are not religious. They are warm, fuzzy people that we can all love. They are "spiritual" and quaint.
yeah, look how great the drug czar has performed.
This is only going to snowball. Soon, the commercial real estate market is going to hit the fan, once the retail stores and restaurants start going out, and then things will get really interesting.
I agree with OB for sending his kids to private school. However in his position it sends the message to the public that Public schools do not meet his standards. Fly with the Eagles crash with the turkeys. Vouchers for the rest of the public would even the field a bit.
BTW, we stayed in Marina, CA (near Monterey) over the holidays and had some really cheap breakfast at Tim's (or something like that). Really nice place. If you're a NORCALer looking to take vacation, you should research.
re: Sidwell Friends
I wonder what it's like to be a teacher there during parent/teacher conferences with all the elite DC power brokers...
Teacher: Um, Mr. President, your daughter is throwing too many spitballs in class.
Obama: Yeah, so? I'm the g*ddamn president of this country. I could disappear you and nobody would ever notice. She wants to throw spitballs, let her.
Teacher: Yes sir. Now, about her grades...
The wage and benefits match the skill and education. They are victims of themselves.
Perhaps at the restaurants you frequent.
Talked with two mom and pop business's, both said last 30 days traffic is way down.
The job loss and the affect on CRE is the story in the NRA numbers.
The storm on the horizon is gathering speed. Hurricane force winds and a few F5 tornadoes are in the forecast.
Unemployment benefits are ridiculously small for the restaurant workers making $8-$12 an hour. In Oregon that translates to under $200 a week in benefits. The wait/bar staff never fully declare their tips and will be in the same boat.
The other sad part is you never really get fired from a restaurant job. The management just cuts your shifts to 1-2 and you eventually quit. Thus the unemployment insurance rate doesn't go up.
Closings reduce foot traffic causes more closings causes higher unemployment causes reduced spending causes more closings.
The cycle is obvious but still highly unpleasant to watch.
I have been to the ones with no menu and tipped accordingly. Generally the service equals the quality. Any business done properly makes money, so should the worker.
Talked with two mom and pop business's, both said last 30 days traffic is way down.
AP'Shadow | 01.07.09 - 2:58 pm | #
That means peoplehave more money to spend later! TAKE THE MARKET!!!!!!!!!!!!!
Business at our Mexican restaurant is down about 30% from last year and we are always voted "Best Mexican". OK, it's a small town, only six other Mexican joints. Business sucks, hours are being cut, pennies pinched. We expect to see a few of our competitors gone in the next year.
Is anyone else starting to realize that a large part of the economy is a Ponzi scheme? Let the masses borrower so they can buy goods they can't afford, so the sellers of those goods can in turn also buy other goods they can't afford, so all those sellers can enjoy luxuries like getting table service at their meals, so the table servers can buy things they can't afford...
The whole thing works great until it goes in reverse. Then we are left buying things we really need, like clothing, which is unfortunately not made here but by people we depend on to fuel the whole Ponzi scheme by buying our debt.
In any case, I wonder if this is finally the time this country will wake up and Legalize It. Never a better time - it would increase tax revenues, while helping placate the restless public.
Oyster Rest.here in Louisville,Ky. that had opened in 1884 and stayed in same family closed recently.Had moved about a year ago to high income area and still couldn't make it.
joe after the 12 pack(Unrated) writes:
\tI agree with OB for sending his kids to private school. However in his position it sends the message to the public that Public schools do not meet his standards. Fly with the Eagles crash with the turkeys. Vouchers for the rest of the public would even the field a bit.
joe after the 12 pack | 01.07.09 - 2:54 pm | #
I agree, but... I worked with a woman who worked in the DC public schools as one of those City Year deals. She talked about it, she showed photos. It wasn't pretty. Yes, symbolism is important -- but frankly, not at the cost of Obama's kid's education.
Is anyone else starting to realize that a large part of the economy is a Ponzi scheme?
The cycle you depict is a normal multiplier effect. Just how an economy works. Except here, there is no longer sufficient input from wages, so yes, without borrowing everything collapses.
Is anyone else starting to realize that a large part of the economy is a Ponzi scheme?
starting?
OT- When does the market open?
I blame Big Grocery !
hey bob dobbs, i was in gabriellas about a week or so ago on a saturday night and it was super busy....
but clouds and other places looked pretty quiet... 515 ( on cedar) was quiet when we went in before dinner to have a glass of wine... JP at Vinocruz says his traffic is still ok, but he sells high end wines to the local cognoscenti who seek him out...
And rivas on the wharf is always pretty busy!
Anecdotal research continues....
Bob Mologna(Unrated) writes:
\tBusiness at our Mexican restaurant is down about 30% from last year and we are always voted "Best Mexican". OK, it's a small town, only six other Mexican joints. Business sucks, hours are being cut, pennies pinched. We expect to see a few of our competitors gone in the next year.
Bob Mologna | 01.07.09 - 3:00 pm | #
Will that help you, you think? Do you expect to recoup enough of their business to get back to near-normal?
I know a guy who runs a small local chain of video rental stores. Every time a Blockbuster goes out of business (two so far locally), he starts doing better.
And . .... . . .. DOWN THE STRETCH THEY COME!!!!!!!!!!!!!!!!!!!!!!
[TAKE THE MARKET!!!!!!!!!!!!!
Eric]
I did. On GS, SPG & SPY Puts. Still seeing deep red on my SRS tho...
TOLEDO, Ohio Joe The Plumber is putting down his wrenches and picking up a reporter's notebook.
The Ohio man who became a household name during the presidential campaign says he is heading to Israel as a war correspondent for the conservative Web site pjtv.com.
Samuel J. Wurzelbacher (WUR'-zuhl-bah-kur) says he'll spend 10 days covering the fighting.
He tells WNWO-TV in Toledo that he wants to let Israel's "'Average Joes' share their story."
The wage and benefits match the skill and education. They are victims of themselves.
joe after the 12 pack | 01.07.09 - 2:46 pm | #
I know lots of restaurant workers with college degrees. One who was getting an MBA. But you must be right, they deserve to be laid off and get sick and keep quiet about it.
Chef's Choice: Keeping it fresh
http://www.hometownannapolis.com/cgi-bin/read/2009/01_07-57/LIF
"It's not every young boy who goes hunting with their grandfather for squirrels - and then actually dresses and eats them for supper. And it's not every mother who knows how to prepare the squirrel.
Chef Jerry Trice, who now works his culinary magic at Sam's Waterfront Cafe in Annapolis, was heavily influenced by his mother's gutsy cooking...
He tells WNWO-TV in Toledo that he wants to let Israel's "'Average Joes' share their story."
Anonymous
Groan Will someone tell that fool his fifteen minutes were up last year?
Anonymous @ 1:26
You had an extra space in the link.
Trader vanishes after questions » Knoxville News Sentinel
Another Madoff, except /1,000. But then, Bolze had less than 10 years to work up the scam, and he seemed to limit it to just U.Tenn and environs. Small timer.
< 900 on the way today. I would be happy. I want to see the rally monkeys shut up.
Create Your Plate
Page Not Found - American Diabetes Association
Crisis? What Crisis?
Wamu gives out $1M mortgage for $900/month, 5 year term.
Mr. Mortgage’s Guide to the TRUTH! » WaMu’s New $1 million 5-year 1% Balloon Loan (mod) – $878 Per Month!
jeff in indy spews: "i, for one, don't give one fat hoot where the nobama's send their kids to school. get over it."
Get over what, french fry? You are just one person, see, and that does not entitle you to make demands on what people discuss.
This has been another edition of "Schooling Cons on Human Behavior." Just trying to catch the little warmongering lying tools up to speed.
Market can't move like this. It's not op-ex week!
< 900 on the way today. I would be happy. I want to see the rally monkeys shut up.
W00T | 01.07.09 - 3:09 pm | #
This is just low-mumble blah churning mumble blah due for gap filling blah mumble expected small drop yada yada... TAKE THE MARKET.
Markel
Side note= A fellow racers daughter started as a waitress at a comedy club in Denver. She now owns the two top comedy clubs is Denver. I never knock ones formal education or position in life. I have been on both ends.
Red straight across.
Stocks, 3-4%
Gold 3%
Oil 12% (whoa)
I don't give a rat's ass where Obama's children go to school. A much bigger issue IMO is why the US president needs a Secret Service the size of a small army to keep him safe from his own people.
Now THAT is a tragedy.
HUGE contraction there - kind of reminds me of that time I got food poisoning at Taco Bell.. now there were some serious contractions..
I think the era of the high end steakhouse is coming to a close.
Prime-grade beans with aged Basmati rice is the new Ruth's Chris...,
Nova -
familiar with any history concerning Loudoun County's settlement and the Civil War?
Or the status granted to the Quakers, and other such feel good pacifists like the Amish or Jehovah's Witnesses by the American military?
Or familiar with this -
'The American Friends Service Committee (AFSC) is a Religious Society of Friends (Quaker) affiliated organization which provides humanitarian relief and works for social justice, peace and reconciliation, human rights, and abolition of the death penalty. The group was founded in 1917 as a combined effort by American members of the Religious Society of Friends and assisted civilian victims of war.
Because Quakers traditionally oppose violence in all of its forms and therefore refuse to serve in the military, the AFSC's original mission was to provide conscientious objectors (COs) to war with a constructive alternative to military service. In 1947 AFSC received the Nobel Peace Prize along with the British Friends Service Council, now called Quaker Peace and Social Witness, on behalf of all Quakers worldwide.'
American Friends Service Committee - Wikipedia, the free encyclopedia
Another Nobel Peace Prize. Must be as feel good as Roosevelt's was, right?
"Will that help you, you think? Do you expect to recoup enough of their business to get back to near-normal?
I know a guy who runs a small local chain of video rental stores. Every time a Blockbuster goes out of business (two so far locally), he starts doing better.
Bob Dobbs | Homepage | 01.07.09 - 3:04 pm | # "
It certainly won't hurt our business. We're managing to stay above water, just. Oh, our other family business is primarily real estate and construction. Guess how that's going? Thank God for the water companies and the residential rentals. Everyone still needs water and a roof over their head. Also, the market is good for picking up new rental properties. We just bought a small site-built house for $20,000. Hard to go wrong with that kind of thing.
I would say with the disgusting new advertisements on CR and Mish a decline in restaurant attendance would be a good thing.
Dean wrote: "I wonder what it's like to be a teacher [at Sidwell Friends] during parent/teacher conferences with all the elite DC power brokers..."
The exchange you then give is not all that different from what many of my friends who are teachers describe. The parents involved aren't the POTUS, but the "Don't tell me my child is doing badly, I'll have you fired" is depressingly common. Look up the term "helicopter parents."
OT-
First retail bk
must have not been that goody
Yahoo! 404 - Page Not Found
I would say with the disgusting new advertisements on CR and Mish a decline in restaurant attendance would be a good thing.
trail | 01.07.09 - 3:18 pm | #
What are ads?
trail writes:
I would say with the disgusting new advertisements on CR and Mish a decline in restaurant attendance would be a good thing.
What adverts? Firefox + Adblock Plus + Flashblock
Do it!
@Sick and Tired Dude:
The WaMu loan mod is brilliant. Thanks for the link.
This is getting closer and closer to my genius proposal: refi all loans into 0% interest-only notes. Mortgages, CRE, LBO, student, credit card, auto, etc. All of them.
0% interest-only.
The faster we get there, the better off we all will be.
Remember where you heard it first.
regarding steak houses....If you can't make one that is 100X times better than you can "purchase" at one of those places......you can't cook.
Take one discounted rib-eye roast of about 10 lbs or so and cut your own steaks. The cost of the dinner at a steak house will get you months of steaks if done this way. Put it in the fridge (uncovered) for about three days then Grill........buttah!!
Ciao
MS
Dont forget - The largest supplier to most of these places is: SYY
" Sick and Tired Dude writes:
I don't give a rat's ass where Obama's children go to school. A much bigger issue IMO is why the US president needs a Secret Service the size of a small army to keep him safe from his own people....
Sick and Tired Dude | 01.07.09 - 3:13 pm | # "
Because with >300,000,000 people, the 10th SD can be pretty whacked, and pretty sizeable.
Pizza restaurants should do well in California Friday.
MS - Can I have bacon bits and sour cream with that?
But But But Erin said it was a Bull Market this morning.
Restaurants are more about entertainment and status then food.
At least the fine dining category.
I can haz cheeseberger?
FFDIC-
I have several candidates for that.....which one(s) do you fancy?
Ciao
MS
We need a Friday's Czar
FFDIC writes:
Pizza restaurants should do well in California Friday.
tease!
But But But Erin said it was a Bull Market this morning.
Pitchforks,Torches&Pikes World
You misunderstood, she actually said she was full of bull this morning.
Maybe Kudlow will open a chain of Mustard Seed Restaurants.
I have several candidates for that.....which one(s) do you fancy?
Nothing big they gotta have money for pizza...
Won't let us have firefox at this luddite business I work for...
Can we get a countdown to the market open?
GM developing new matt finish mustard seed color for its new Coroubini model..
it opened early today.....
already open.
Ciao
MS
What corner does my pizza oven need to be on ffdic?
[But But But Erin said it was a Bull Market this morning.
Pitchforks,Torches&Pikes World ]
Like they say, "There's always a bull market in something".
Today, it's in bearishness.
"MS writes:
regarding steak houses....If you can't make one that is 100X times better than you can "purchase" at one of those places......you can't cook."
Have you ever had the filet here:
Rosie O'Grady's
I think it takes a special oven (very high temperatures) to cook it the way they do, and it really is excellent. Morton's as well. You can't even buy the quality of meet that these guys can unless you have a "real" butcher shop in you neighborhood. Remember, USDA Choice is the "lowest" quality approved by the USDA, not the highest.
considering the flat stomach ad I see here, maybe not a bad thing...
Quakers, and other such feel good pacifists
rent_to_own | 01.07.09 - 3:17 pm | #
The first Commandant of the Marine Corps was a Quaker, and is buried on the grounds of a Quaker Meeting House in Philadelphia.
Mind what they do, not what they say.
Porn industry seeks federal bailout...
Now this is something I agree with. I gots to have my pron!
CNN Political Ticker: All politics, all the time - Blogs from CNN.com
But But But Erin said it was a Bull Market this morning.
Pitchforks,Torches&Pikes World | 01.07.09 - 3:24 pm | #
Market has just opened.... give it a couple of minutes.
Treasuries Drop as $30 Billion Note Sale Adds to Supply Concern - Bloomberg.com
Bond bubble would be over without covert subsidized buying.
What are ads?
Eric | 01.07.09 - 3:19 pm | #
They would be those things seen by people who don't use Foxfire.
I understand that 5x....but the cost. Upwards of $60-70 for a steak?? Hope they get used to empty tables....
I'll take mine every time......
May not be a Morton's however even if one buys at the butcher shop it is still not even close cost-wise.
I also like rib-eye roast nacho's too!!
Ciao
MS
Lot's of born and bred dopes out there along those routes...Remember we just went through eight years of Brittney, every thing else was secret, or MSM to damn lazy to dig.
Outback != Morton's
Sizzler != Ruth's Chris.
Prime Beef is hard to eff-up; only possible way is to overcook it.
I an now announcing my candidacy for President of the office of the Porn Czar.
Headed to Mickey D's for a craptastic, yet filling meal for under 4 dollars!!!
xxxxx | 01.07.09 - 3:29 pm |
Big Steak! Get off our housing blog!
Really I wholeheartedly agree with MS. This is from someone who 2 years ago served his in-laws a nice salty "I think I can do this" steak on Christmas. Had them over with my dad this year and it was delicious. Costco is where I get my steak from. I'm sure there are places online where I can get higher quality than Choice if I need to.
The value of going to a restaurant for my family is not cleaning up, not having to shop and cook... also there are a number of small restaurants that really do have good food. We normally go out if my wife is at the end of her rope... mostly we are pretty good cooks.
ille_vir | 01.07.09 - 2:55 pm |
Breakfast and all meals try Norma Jeans south of Safeway on Fremont on the rightside.
jo6pac
Steak houses were dependent on expense accounts and special occasions. Both seem to be MIA.
I miss the $350 dinners for two at Mortons.
market opened at :07 after the hour.....pretty obvious.
Ciao
MS
Hmmmm....
Someone knocked the table out from under that graph. Not good.
Nostrovia,
OT: Cali Budget
Dunno if anyone has posted or commented on this yet; Schwarzenegger's letter explaining latest veto of budget proposal. Specific points and makes interesting reading.
Legislative Update
Among other points, note his efforts to prevent State from imposing withholding on 1099 workers, and State's efforts to increase taxes through mere administrative actions.
Hey try Viv's about 3 miles n. of Tishomingo on 25.
Today was rib day....No better anywhere.
I bet being a Porn Czar is hard work.
joe after the 12 pack writes:
I agree with OB for sending his kids to private school. However in his position it sends the message to the public that Public schools do not meet his standards. Fly with the Eagles crash with the turkeys. Vouchers for the rest of the public would even the field a bit.
joe after the 12 pack | 01.07.09 - 2:54 pm
would he have to live in public housing lest living in the White House send the message that public housing is shitty?
I would hope that fellow progressives get over this "equality crap". Rich people get better health care, eat better food. live in safer and healthier neighborhoods and drive safer cars because they have the money. What we should be working for is that everybody gets decent schools, decent food, decent housing and decent health care without regard to whether the rich are getting better.
Auto Dealers are happy about taxpayer assisted special finance loans...
'Happy days' return for domestic car dealers | News | DealersEdge
with mr. mortgage link and this........uh uh argh
sorry needed to puke up that steak...
Anyone who is into steaks I recommend once in your life trying Wagyu steak and if you can stretch it Kobe steak (dry aged twice as long as normal Wagyu).
I tried it once as a birthday gift a few years ago and it really was a surreal experience. Amazing taste and texture. Almost melts in your mouth.
I actually found the taste of the fattier edge parts too overwhelming, very similar to fois gras.
We'll keep fighting 'til everyone earns above average wages!
I miss the $350 dinners for two at Mortons.
/blinks thrice....WHAT?
rent_to_own | 01.07.09 - 3:17 pm
Familiar with the area? Ah, yes. Just was not understanding your rather shrill point.
" Doofus writes:
I bet being a Porn Czar is hard work.
Doofus | 01.07.09 - 3:37 pm | # "
Pun intended?
Learn to cook.
Penzey's is a great place to buy spices.
have to agree with the Kobe. A market near me sells Kobe Top Sirloin for about $14/lb......tastes better than most rib eye's that I've aged myself.
I also must say that it's a waste of time using or ordering Kobe hamburgers.
IMO
Ciao
MS
joe after the 12 pack(Unrated) writes:
The wage and benefits match the skill and education. They are victims of themselves.
^^^
Blames laborer for lack of labor factor scarcity. Not everyone can be in a skilled knowledge trade.
What if labor is in glut? Do you blame them everyone for taking home starvation wages?
I foresee a dramatic resurgence of home wokery.
The Mrs. family bar biz is up.....the 2nd bar was just taken over from past owners and it's up even without slots.
These are locals bars here - not too many tourists, and this is a town full of drunks. (30-35 bars, 40K pop)
YSLP,
Get off our steak blog. If Costco is your reference for a good steak, you probably shouldn't be commenting.
"YLSP writes:
xxxxx | 01.07.09 - 3:29 pm |
Big Steak! Get off our housing blog!
....Costco is where I get my steak from. I'm sure there are places online where I can get higher quality than Choice if I need to."
don't knock costco.....they have decent stuff at times, not always but the NY's are pretty good if you can get a coupon for them.
Ciao
MS
Ooops - left off the ending of the Quaker Marine's story -
'That Samuel Nicholas lies in the Quaker cemetery in Philadelphia indicates that he too, among those who took up arms, was received back into his meeting.
Offtopic info:
States Fund Budgets With Contents Of Safety Deposit Boxes:
YouTube - States Fund Budgets With Contents Of Safety Deposit Boxes
So do you think your safety deposit box is safe? Think again.
Think
Arnold isn't even hiding the fact he is working hard at breaking the state/teachers unions.
Gray Davis messed with the state workers and was recalled. Why no recall effort against Arnold?
mal(Unrated) writes:
Learn to cook.
Penzey's is a great place to buy spices.
Buying spices at Penzey's to save money is like running a farm in Connecticut out of your pocket so you can be provincial.
I just want to hear Ahnold say:
"fifty bilyun dollahs"
It's sort of a running joke I have with my wife...
Ciao
MS
Serf Mike wrote: "Porn industry seeks federal bailout..."
As predicted:
Doonesbury@Slate - The Strip
Will the music and publishing industries follow?
can I haz an 8 print on the SPX ?
The obliviousness of the commenters on that "porn bailout" story is priceless.
New law in February. CAN'T SELL USED KIDS CLOTHES ANYMORE:
New safety rules for children's clothes have stores in a fit - Los Angeles Times
Barring a reprieve, regulations set to take effect next month could force thousands of clothing retailers and thrift stores to throw away trunkloads of children's clothing.
They'll all have to go to the landfill," said Adele Meyer, executive director of the National Assn. of Resale and Thrift Shops.
Cynthia Broockman, who owns two consignment stores and a thrift shop in Virginia, recently stopped accepting children's products for resale. That raised the ire of a man who was trying to sell his son's castoffs there and had not heard of the new rules.
"I think it's not understood by people how sweeping and far-reaching this is," she said. "The ripples that are going to go forth from this are just astonishing."
rent_to_own | 01.07.09 - 3:50 pm |
Humor. It was humor. Jeebus...
"And actors attending afterparties at next week's Golden Globes will find less swag in their giveaway bags. The goodie-bag scheme, in which marketers shower Hollywood types, with free stuff in the hopes that they'll later be photographed using it in celebrity weeklies, is meeting resistance from marketers who are slashing budgets and celebrities who worry that the sight of millionaires getting freebies will rub fans the wrong way."
It's So Awkward Being Rich These Days - the rich - Gawker
I'm Secretary of State, brought to you by Carl's Jr.
" MS writes:
don't knock costco.....they have decent stuff at times, not always but the NY's are pretty good if you can get a coupon for them.
Ciao
MS
MS | 01.07.09 - 3:46 pm | # "
I'm not knocking Costco. My wife and I have recently taken to making Walmart our retail store of choice because they seen to have the best prices int he area, and we don't want to buy in bulk. However, the meat sold in Costco is probably not USDA Prime, or anywhere near that. It's probably USDA Choice, not that there anything wrong with that. It's just not as good at the meat that you'll get at a premium steakhouse. If you've ever been to Mortons or Rosie O'Grady's, you'll know that the meals there are near perfect. My wife's a good cook, but she knows she can't match that because she doesn't have the cooking equipment nor the access to Prime Beef.
All this food talk makes me hungry for a double nothingburger with bacon and green chile.
Now mind you, that is from The Consumer Product Safety Commission - your tax dollars at work!
Buying spices at Penzey's to save money is like running a farm in Connecticut out of your pocket so you can be provincial.
Huh?
Yeah, I'll just run right down to my corner grocery and buy some kala jeera...
time to open soup kitchens
mmmm. soup.
Let me put it this way... I won't have to move to fuckingly overpriced California (or NYC, or Boston) in order to eat a meal that is well spiced. I can do it in my affordably priced home in Podunk City. Therefore, consider Penzey's.
Yeah, I'll just run right down to my corner grocery and buy some kala jeera...
mal | 01.07.09 - 3:53 pm | #
Elitist foodie snob. Use salt and pepper like the rest of us.
off topic
anyone here have experiences good or bad with Zions Direct? Esp with their Bonds for Less set-up?
Any so-called stimulus program is a ruse. The government can increase its spending only by reducing private spending equivalently. Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.
wait, rent_to_own . . . are you praising or knocking the Quakers?
Damn it, it's hard to tell in here sometimes. I am areligious myself, but I think the Quakers are good people.
Do we get an 8 on the S&P today?
I considered starting the recall petition the day he took office. But then I figured he'd do such an awful job that the chances of him being shot while in office were fairly high. I remain that he will be terminated in office and will save the CA tax payers several million by not having a special election.
barely-
not today......most likely tomorrow on the open and then......whoosh!
Whatever bad news is coming is, of course, priced in....
Ciao
MS
xxx[It's probably USDA Choice]
Yes, it is. And I have an upscale butcher in my village that sells Prime (stamped). So I did an experiment with Costco Choice & Prime (4x the price) prepared my way with a rub and sitting 5hrs before grilling at 500+ deg both sides 2min & then way low for a few more min until a little firm to the press test.
Barely notice a difference...
Terminate the Terminator. You couldn't make up something like that.
The keys to an excellent beef or bison steak.
(1) Animal must have superior fodder and be grain finished. Preferably not corn.
(2) Animal must be quickly killed and bled. Fear and duress introduce hormones and chemicals that diminish flavour. Slaughter and butcher speedily.
(3) Dry aging must be observed.
Pay attention to #2 as you're loaded into the market cattle cars.
Little known fact is the restaurant meat suppliers will sell wholesale to anyone. The downside is you have to buy in bulk. Generally 10lbs and over and you have to do the cutdown yourself.
Johnny Lee
Curious why you say no corn.
I don't care what you feed a buffalo it can't touch a fat beef rib eye.
Hang them 21 days in cooler.
Funny nobody told me and many others I was entitle to anything but the chance to prove my stuff. I blame lazy minds and butts. Most happen to be labor. Making money is not a right of entitlement for the rich. Lots of rich lose it because they can not even manage it. No different then the poor who pissed away their chance at the big prize. I don't care if you make low wages as long as you are happy and don't expect what others have worked for. That is freedom. I don't owe anyone a free ride for lack of personal discipline or effort. You don't even have a right to a job. You earn the job. Maybe if the company goes belly up you may have had something to do with it. Time for a bit of self examination. I made (as many others have) my way in a labor intensive business. No fancy office. I had a blast!
You can't even buy the quality of meet that these guys can unless you have a "real" butcher shop in you neighborhood.
Quality is available to anybody who bothers to look for it.
We buy ours half a cow at a time from a farmer in the valley. I'll put up the quality of what we feed our guests to what Morton's serves any time.
...there goes the pump....
IMO the price you see for Rib Eye's now is the lowest you will see for a very, very, long time. This time next year will be twice the sale price.
Buy a freezer....fill it up......
Ciao
MS
These days, I am certainly losing my ability to detect humor in a number of areas.
rent_to_own | 01.07.09 - 4:01 pm | #
It always helps to assume humor was intended before composing a fiery retort. Not that you'd compose fiery retorts - just stating a general principle.
We can ban thrift and surplus stores, doggy bags, hand-me-downs, leftovers, used cars, eBay, Craigslist - that should stimulate the economy.
Who all has actually been to Mortons? I've been to the one in LA.
Matter of preference. But corn, though ubercheap, is hard on their digestion. Corn is a New World crop that cattle have only recently added to their diet. Grass and grain fed is my choice.
...grass and a 1/2 can of grain - they LOVE it.
Don't worry. It's just people Nesting, like they did after 911.
Recession May Affect How Gadgets Pitched At Expo : NPR
I am not large scale rancher, but we have small bunch of cows and show steers for 4-H. Our local grocery stores have an old meat bin that they put meat in before they legally have to get rid of it. Beef today is not aged as long as it should be anyway. You can get good cuts for half price if you know when to hit the stores. I buy all the rib eyes I can find and bring home, repackage in a vacum seal bag after seasoning. Hard to beat and I can't raise them for the price.
Who all has actually been to Mortons?
xxxxx | 01.07.09 - 4:07 pm | #
I've been to Mortons. It was good, but not that good. I'm with MS on this one.
Who all has actually been to Mortons? I've been to the one in LA.
xxxxx | 01.07.09 - 4:07 pm | #
I have been in SF. I couldn't finish the steak, had the remainder wrapped.
Shortly after leaving, a homeless guy asked me for a buck to get food, I asked if he wanted leftover steak. He said yes! and had the biggest smile I've seen in a while afterwards.
So I guess that sometimes homeless guys who ask for food money are actually planning on getting food.
At least the porn industry does not screw you over like banksters.
rent_to_own - not everyone misreads your intent. I, for one, like your style. Never give the bastards an even break!
Morton's is what I call high end - but true, it isn't that exceptional.
porn bailout via ti#s & as# relief program?
" Comrade Terry writes:
Who all has actually been to Mortons?
xxxxx | 01.07.09 - 4:07 pm | #
I've been to Mortons. It was good, but not that good. I'm with MS on this one.
Comrade Terry | 01.07.09 - 4:09 pm | # "
I'll admit that I liked Rosie O'Grady's better. The steaks at Mortons are way too big. It's almost like ordering a roast cooked like a steak.
Mortons brings you a platter of raw meat and describes the cuts. Laughed my ass off the first time I went.
For the price steak houses are not long for their market. Demographics have changed with income and expense accounts.
Mortons? LOL, I've had a $200 gift card for years; won it at work. I wondered if it would buy me 1 meal.
We went to Ruth's Chris over the Holidays and got a Porterhouse. It was excellent; the service and the food.
Persecuted:
Congrats on good calls (EEV, DUG). I call BS on those who say you are always wrong.
Stock losses leave pensions underfunded by $400 billion
By David S. Hilzenrath
10:18 AM PST, January 7, 2009
WASHINGTON -- The collapse of the stock market last year left corporate pension plans at the largest companies underfunded by $409 billion, reversing a $60 billion pension surplus at the end of 2007, according to a study released today. Shoring up the plans could cause further pain for workers, businesses and the struggling economy at a time when they can least afford it, pension specialists said.
"The chaos that has been observed in the world's financial markets over the last 12 months has had a major adverse impact on pension plan funding and will negatively impact corporate earnings," the Mercer consulting firm reported Wednesday. "Moreover, the trend in recent months has been one of alarming deterioration," Mercer said.
Stock losses leave pensions underfunded by $400 billion - Los Angeles Times
rent_to_own - not everyone misreads your intent. I, for one, like your style. Never give the bastards an even break!- -001
Understood, message received. Goodbye.
Comrade V,
One good day. Now let's make it a trend
Enough with the czars, we need a Czar Czar GaBore!!!
Oh, and the NEM short from Friday (I made a point to c&c of mentioning it) is up 12%
Considering all the grouchiness, ranting and general disagreeability (is that a word), over something as straightforward as food here ... and not even close to being on-topic...
I'd say more of you need to visit the Porn Czar!
I think we all need to take a deep breath and accept that a whole lot of things are going to suck for a while. And some of them will always suck. But whatever honest, affordable-to-you food tickles your palate will always be a Good Thing - and you don't have to care what other people like to eat.
" Morocco Bama writes:
We went to Ruth's Chris over the Holidays and got a Porterhouse. It was excellent; the service and the food.
Morocco Bama | 01.07.09 - 4:12 pm | # "
Just curious: What are their prices like?
Persecuted, you're on a roll. Any clouds on the horizon?
Come on...I'm still waiting for the resident vegan to post.
Up here in MN, there is such a thing as a "meat raffle," where you go into a restaurant and they raffle off most of a cow, including ground beef, choice cuts, non choice cuts. It sounds good, but it's scary.
"Feckless Ness writes:
Stock losses leave pensions underfunded by $400 billion"
We need a new Fed program.
Pension Enhancement National Investment System.
but I think the Quakers are good people.
I didn't know you were a Nixon fan.
"Pension Enhancement National Investment System.
Pissed Off In California | 01.07.09 - 4:16 pm | # "
LOL
Those pacifists have a knack for sireing some hard scrappin' dusty-down ass kickers.
Alvin C. York - Wikipedia, the free encyclopedia
Quaker or no, when in the right, hit first and hit hard.
Morton's - is that like Arthur's in Hoboken
Just kidding. They opened a Morton's in brooklyn in 2008, but I have not been. Can't bring myself to spend that kind of money on a steak unless somebody else is buying.
Also, the high percentage of utter d-bags in any expensive NY steakhouse is unbearable. Celebrated my admittance to the Bar at the Strip House and could bearly (heh) digest while surrounded by some of the worst people in the entire world.
Comrade V --
I call BS on those who say you are always wrong.
Nobody says Anonymouse is always wrong.
Only half the time.
Just curious: What are their prices like?
Not terrible. Everything's a la Carte. The Poterhouse for two was $65. We had a bunch of drinks, shared a salad, a dessert and a side (au gratin potatoes that were delicious). Total bill with tip was a little over $200 for two people who don't eat a lot.
And when those firms go belly up.....
"As of Sept. 30, when its last fiscal year ended, the PBGC reported a deficit of $11.15 billion." - And a Federal Bailout is needed
Rich, if you're around:
Do you see some good entry points for SLW and GLD opening up?
"alarming deterioration"? What, me worry?
We went to Ruth's Chris
Morocco Bama | 01.07.09 - 4:12 pm | #
Went to Ruth's Chris in Ponte Vedra Beach years ago, and broke a tooth on the steak!
It had nothing to do with the steak, or Ruth's Chris - it was just time for that tooth to break.
You should've seen the fuss they made over that! They were ready to do anything for me. Inasmuch as it wasn't their fault, I declined all their offers.
Reverse cliff diving. Good to see a chart moving up.
Chapter 11 Filings per Day.Jan 2006 to Dec 2008
Nemo writes:
"Nobody says Anonymouse is always wrong.
Only half the time."
That's why I pay attention to Rich as well.
Imaging one of the Detroit 3 going BK and what the PBGC will get. That is why they got the money and more to come.
but I think the Quakers are good people...
Good oatmeal also...
" Morocco Bama writes:
Just curious: What are their prices like?
Not terrible. Everything's a la Carte. The Poterhouse for two was $65. We had a bunch of drinks, shared a salad, a dessert and a side (au gratin potatoes that were delicious). Total bill with tip was a little over $200 for two people who don't eat a lot.
Morocco Bama | 01.07.09 - 4:19 pm | # "
Don't know where you're located, but if you visit the Boston area, you might try:
404 Not Found
Not too bad on the pocketbook for a really upscale steakhouse comparable to those in SF, NYC, etc. Terrific wines available as well, but those can get really pricey. However, my wife doesn't like to spend that kind of money. She'd rather do chinese take out.
Comrade Terry, I had that happen at a steakhouse, as well, but a cheapo for lunch where I had the burger and homemade chips. The chip broke my tooth. Not their fault, I don't have the best teeth. Had an implant done this past year, and I'm not a Meth addict. It was a horrible experience. I shudder thinking about it.
Still talking about steak.
Come on.
What about bottle service in clubs?
$500/bottle is a fair price.
Out of curiosity and just to make a point, Nixon , I dontthink had his girls attend the school when he was President. At 55 and the fact that Trica was married in 91 at the WH and Julie is married to David Eisenhower.. makes me think they were a little to old to attend...
IMHO if memory serves
OT: Cali Taxes
Here is a good reason for applying any refund to next year's taxes. A setoff is worth more than a claim.
Los Angeles Times -- California, Southern California News -- - latimes.com
" Dar Komisar writes:
Out of curiosity and just to make a point, Nixon , I dontthink had his girls attend the school when he was President. At 55 and the fact that Trica was married in 91 at the WH and Julie is married to David Eisenhower.. makes me think they were a little to old to attend...
IMHO if memory serves
Dar Komisar | 01.07.09 - 4:26 pm | # "
But wasn't he VP from '52 to '60? Where did his girls go to school then?
time to open soup kitchens
joe shmoe | 01.07.09 - 3:53 pm | #
"NO soup for YOU!"
Barbara Bush is a Quaker.
http://tommcmahon.typepad.com/photos/uncategorized/quakeroo2.gif
Celebrated my admittance to the Bar at the Strip House and could bearly (heh) digest while surrounded by some of the worst people in the entire world.
See you should be celebrating admittance to the house at the strip bar surrounded by some of the best people in the entire world...
;)~
But wasn't he VP from '52 to '60? Where did his girls go to school then?
I don't think public schools had near the social problems like to today schools have. The had standards and enforced with most parents approval. At least mine did.
parents approval. At least mine did.
joe after the 12 pack | 01.07.09 - 4:30 p
They were also segregated
death to the specs
Oil Traders Seek Another 10 Tankers, Frontline Says (Update1) - Bloomberg.com
Q&A: Lessons from the Great Depression
Q&A: Lessons from the Great Depression - TIME
Bio information on some of the world's central bankers that contributed to GD1.
Positive spin on the current bunch.
They were also segregated
Not every where I don't know about DC.
Just now on LIVE CNN
"Porn Industry Seeks Stimulus"
Yep.
CNN Political Ticker: All politics, all the time - Blogs from CNN.com
They are asking for money.
joe after the 12 pack | 01.07.09 - 4:32 pm
In DC, yes. Even the hospitals. Blacks in NoVA would have to go to DC to have their kids. Arlington hospital would not take them.
Xxxxx,
Shouldn't matter thgen , only where Ike sent his then...
But one thing to taught public education and the qualities, especially having helped fund the city's education system for what 4 years now...
But living here i dang sure don't fault him. I only fault those that preach with one hand, slap with the other.
If i were Pres i would be more worried about my childrens safety, and normal life with SS than what school they were attending but that is normal for a father, and not necesarily so with a politician...
Seems to me they are thinking for their children, I find no fault there
They are asking for money.
That's obscene.
" Morocco Bama writes:
They are asking for money.
That's obscene.
Morocco Bama | 01.07.09 - 4:35 pm | # "
If the porn industry goes down, it could take the internet with it
WOW!
All the steak talk.
Glad I just polished off a triple cheese w/fries and large coke from In-n-Out burger.
I was hungry when I went. Man, if I hadn't gone, I would have started eating the desk after reading all this talk!
If the porn industry goes down, it could take the internet with it
xxxxx
Don't worry its contained!
If the porn industry goes down, it could take the internet with it
Too BIG to fail.
Unicorns that crap skittles definitely make a poor steak.
The Market Ticker
They are asking for money.
lawn grass | 01.07.09 - 4:34 pm | #
That request was, er, "tongue in cheek".
I'll be here all week.
"If the porn industry goes down, it could take the internet with it
Too BIG to fail."
I think they should use Ron Jeremy as their spokesman when requesting a bailout.
In'n'out triple cheese? Isn't that a "3x3"
From TIME:
"The third character was the German, Hjalmar Schacht. He was brilliant, arrogant but completely opportunistic. He was obsessed by the fact that reparations [that Germany had to pay to the Allies after the war] were unfair. He captured the mood of Germany very well. He presided over the economic miracle during the Weimar years, which was built on a lot of borrowed money. In 1930, when it was clear that Germany was going to go through the wringer, he resigned. Many people believe he realized Germany was doomed and that he did not want to be blamed for it."
Any bells ringing?
Also I believe he was Danish not Finnish nor German. What he did to Weimar was Schacting.
Steak, pron, and public schools
CR commentary at it's finest !
Here is a thought on the gas being shut down in Europe. Gas delivery systems need to be constantly pressurized. If the pressure drops, the pilot light goes out, and then the gas line is pressurized then won't it continue to fill the space causing a potential hazard?
EMC cutting 2,400 positions according to marketwatch ticker. Ouch, again.
Hey question for those of you in NoCal - how are acreage prices out in Napa/Sonoma these days for properties in the 5-10 acre range (w/ or w/o existing house)?
Maybe old news? New York, North Carolina and Ohio had their unemployment computer systems fail on Monday due to overload of systems. January unemployment numbers may not be so good?
"Gavshire Hathaway writes:
EMC cutting 2,400 positions according to marketwatch ticker. Ouch, again."
Tis but a flesh-wound. Everyone buying over-priced McMansions in the Bay Area just ignore the tech news out today. Don't worry, it's a minor slowdown and Arnie has our back.
" Down and/or Out writes:
Steak, pron, and public schools
CR commentary at it's finest !
Down and/or Out | 01.07.09 - 4:47 pm | # "
Perhaps you'd prefer the folks in the MSM that take themselves WAY TOO seriously?
Meanwhile, Sheila Bair, the chair of the Federal Deposit Insurance Corporation, will remain in her post under the Obama Administration, The Wall Street Journal reported Wednesday, citing Democratic officials.
What kind of wine goes best with , public schools, steak and porn?
Tom Stone (Reg poster) has angle on napa sonoma area he might be able to give you some info...
"
What kind of wine goes best with , public schools, steak and porn?
Dar Komisar | 01.07.09 - 4:54 pm | # "
Night Train Express?
Gas delivery systems need to be constantly pressurized.
Citizen Jacked | 01.07.09 - 4:47 pm | #
I believe Kunstler -- a Dawg fave -- described this scenario in The Long Emergency. Could have whole city blocks exploding if the pressure was temporarily lost.
Dar Komisar writes:
"What kind of wine goes best with , public schools, steak and porn?"
For this crowd?
Charles Shaw wine - Wikipedia, the free encyclopedia
" Comrade Bear (tj & the bear) writes:
Gas delivery systems need to be constantly pressurized.
Citizen Jacked | 01.07.09 - 4:47 pm | #
I believe Kunstler -- a Dawg fave -- described this scenario in The Long Emergency. Could have whole city blocks exploding if the pressure was temporarily lost.
Comrade Bear (tj & the bear) | 01.07.09 - 4:56 pm | # "
There were fires after the last big SF earthquake, but I didn't hear about any explosions, at least not the size of a city block, but on the other hand, those might not be so noticeable amidst all the other destruction.
Who all has actually been to Mortons? I've been to the one in LA.
xxxxx | 01.07.09 - 4:07 pm | #
I have, been a few years, but he who said that "there is no such thing as a free lunch" never worked on the buyside. Pay my own way to eat there, no way, but it was fun to have a side of beef and baked Potato's the size of Idaho.
[EMC] EMC CEO, senior executives to take pay cuts in 2009
4:39 p.m.
[EMC] EMC suspends salary increases for 2009
4:38 p.m.
[EMC] EMC plans to cut about 2,400 positions
4:37 p.m.
[EMC] EMC expects Q4 earnings of 13c-14c a share
4:37 p.m.
[EMC] EMC expects Q4 rev of about $4 billion
wage deflation.....Goes well with cheap steaks, 2 buck chuck, public schools and free porn...
This wine goes well with pron.
Blue Nun
There were fires after the last big SF earthquake
xxxxx | 01.07.09 - 5:00 pm | #
That's due to broken lines that are still pressurized. The gas company's very careful about turning things on once they've intentionally turned them off. They typically don't have to deal with shortages, though.
"Triple digit loss"
So, I guess a loss/gain of 100 is viewed as on par with a loss/gain of 999 ?
Mad Mullah writes:
In'n'out triple cheese? Isn't that a "3x3"
Mad Mullah | 01.07.09 - 4:46 pm | #
Ding, ding, ding!
That is correct.
Once had a 4x4. Family almost died. I told them I wanted 2 doubles, just half the buns.
PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans
PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans (Update3) - Bloomberg.com
Known as PennyMac and led by Stanford Kurland, the firm is paying an average of 30 cents to 50 cents on the dollar for the loans and the FDIC is sharing some of the risk, spokesman Andrew Chang said.
What kind of wine goes best with , public schools, steak and porn?
Dar Komisar | 01.07.09 - 4:54 pm | #
Champipple? (Fred Sanford)
I like The Capital Grill. My wife is from Argentina and it's the only steakhouse she'll go to in the US.
Hey I'm back on line again. Where to start?
Miami-Dade County passed an ordinance, effective already which sez that once the Lis Pendens is filed (beginning of judicial foreclosure), a form has to be filled out and given to counties authorities, who will then inspect and see if property taken care of. Not such a bad idea, unless the property is still occupied by hostile people.
Much much weirder:
Another ordinance also already effective, requires that after the lender takes title, they are supposed to notify the county, have an inspection, see if it complies with code, and have an estimate of how much money it will take to bring it to code compliance, to be given to a prospective buyer. It appears to be unclear whether that is current code, or the code that was in effect when the certificate of occupancy/completion was ussued umpteen years ago. Any older house in the north part of the county, undestroyed by Hurricane Andrew in 92 WILL NOT BE to code, unless it was just built. Normally you are grandfathered in as of the date the building got approved, unless it is more than 50% destroyed by a disaster.
Bringing something to code will cost 10s of thousands of dollars if not a lot more.
I imagine the true purpose is to make foreclosures even harder.
At least one foreclosure mill law firm is unaware of this, and I just found out.
The latter ordinance may be adopted state wide.
If the porn industry goes down, it could take the internet with it
xxxxx | 01.07.09 - 4:39 pm | #
Isnt "going down" a big part of what the porn industry is all about?
Too many discussions about Czars lately...
Anyway, my favorite restaurant will be closing here in Dallas, TX. I've always liked the way they "czarred" my steaks. Just sad...
ot sure about the wine but it's bound to be inexpensive. The Bollinger Special Cuvee I snagged last month was $21 (yes really!) a bottle, I cleaned them out.
Now if only Opus One would get with the program >; )
Ot-
credit applications for auto financing in first 7 days of month are trending up and stay on current pace double last 2 monthly periods..
approvals?
"deflationary jane writes:
not sure about the wine but it's bound to be inexpensive. The Bollinger Special Cuvee I snagged last month was $21 (yes really!) a bottle, I cleaned them out."
Are you saying that $21.00 is inexpensive?
lama writes:
"My wife is from Argentina and it's the only steakhouse she'll go to in the US."
Lama, any recommendations for local steakhouse in Buenos Aires to try?
OT but...
Tricia Nixon Cox, the President's daughter, is seven days older than I am. She was between the ages of 6 and 12 when her dad was Vice President. She and her sister probably went to Sidwell Friends during some of that time.
for that bottle, yes. If 21 a bottle is disturbing for a full bottle of champagne, don't even glance at Opus One.
My two sins, french made high heels and really good wine - some things I won't give up. Sadly Barneys isn't discounting Louboutins.... yet rubs her hands together with glee
Geesh, I thought I was ot.
My mom had the most deliciously divine rump roast frozen that we ate in Balto before flying down here.
No one wants to talk mtges?
Has anyone ever been to this restaurant in Mumbai?
Cross Cafe - Wikipedia, the free encyclopedia
Here is a thought on the gas being shut down in Europe. Gas delivery systems need to be constantly pressurized. If the pressure drops, the pilot light goes out, and then the gas line is pressurized then won't it continue to fill the space causing a potential hazard?
Citizen Jacked
No hazard there. If you blow out your pilot light the flow of gas will stop. There has to be a hot flame present for the gas to flow-it's a safety device. That's why when you light your furnace you have to hold down the button for awhile after the pilot is lit, otherwise it will go out.
We need a steak Czar !
"Chef Jerry Trice, who now works his culinary magic at Sam's Waterfront Cafe in Annapolis, was heavily influenced by his mother's gutsy cooking..."
Well, it's fine to have a varied menu, but whenever I get down to the Northern Neck (VA) I always go for broiled rockfish or crabcakes or fried oysters or softshells or shad/shad roe (in March). I never get tired of the stuff, and would not think of ordering barbecue or what have you in the midst of all this plenty. (If you go to where Bevans supplies the oysters, they're likely to be very local.)
I do but it's been weird in here today. Don't mention private schools or Quakers.
Comrade V,
I'll ask her and post an answer later on this thread. I'm guessing there are dozens that are amazing. Argentina is also a bargain.
Used to go to Harris Ranch outside Coalinga, CA in the 80's to pick up 10-15 lb fillets. It was well worth the "green gas" to get there. Anyone know if the place is still around?
Pron bailouts, rump roast, and Strip Club dinners.
CR commentary at it's finest !