Saturday, October 31, 2009

Angry Anderson

I am not sure that Rose Tattoo ever found success outside of Oz, but I do remember seeing Angry in one of those Mad Max movies.

Early report of Halloween activity

Lots of kids out and it's not quite dusk. So far there have been two Hanna Montana's and one of those Scream characters.

Photo of my costume to come added.

Gerald Celente is still full of crap

Trend guesser Gerald Celente on a show that's popular with the paranoid, September 10, 2009:

At 8:18 he references "the college crash." The interviewer purrs:
No one is talking about that yet except you.
Really? Hmm. Seems to me that Celente is merely parroting blog memes from people like... me.

Friday, October 30, 2009

Why manned space flight is so expensive

This YouTube clip includes a lot of footage from the Apollo 11 launch that I've never seen.

Even after 40 years the complexity of what NASA engineers did is astounding. We've all seen the gantry arms swing back, but I've never noticed the way the flexible pipes that feed liquid oxygen to the Saturn V retract into the gantry arms. I've never noticed the protective shields that swing down and protect components of the launch structure from the thrust generated by the rocket's motors. Has mankind ever built a machine as complex since the Saturn V? I don't think so.

Go down to Space Center Houston where they have the Apollo 18 vehicle on display so you can appreciate the enormity of what we did as a country. Man, I wish I was around to see the Apollo launches.

Some perspective:

AIG bailout cost: $182 billion.
Entire Apollo program cost: $145 billion. That's inflation-adjusted.

Thursday, October 29, 2009

Real Housing Economist of Genius

As quoted on Diane Swonk's corporate profile:
Chief Economist Diane Swonk is one of the most quoted economists in the financial press. She is seen regularly on national and international television and her commentary can be read in top financial news publications throughout the world. With more than 20 years experience in financial services, Diane has proved to be an invaluable resource for policymakers and business leaders from Washington to Tokyo.
Diane C. Swonk, New York Times, March 25, 2005:
"I just don't think we have what it takes to prick the bubble," said Diane C. Swonk, chief economist at Mesirow Financial in Chicago, who was an optimist during the 90's. "I don't think prices are going to fall, and I don't think they're even going to be flat."
Lou Minatti, December 5, 2005, warning a guy in San Diego that he's about to make the biggest mistake of his life:
As SoCalMtgGuy said, what do you think accounts for a house in La Mesa doubling in value in just a few years? Do you think it's because everyone wants to live there and people are willing to pay premium prices and therefore $400k is a reasonable price for a *tiny* house in a questionable neighborhood? (As an aside, do you really want to live in an 800 square foot house with two kids? For decades?)

Let me give you a personal history lesson. The Texas RE market 20 years ago sounds a lot like SoCal. Lots of people were moving here in the 1980s (and still are). Some cities, including Austin, had a "buzz". At the time it was considered to be the "in" locale. Prices increased accordingly.

Then prices dropped and continued to do so for YEARS. In one quarter alone (1989) Austin RE prices dropped over 20%. That's not a typo. 20% in ONE QUARTER. In a place that lots of people want to live.

Please read this article. You are inside the bubble and cannot see what everyone else sees. We went through it before and know what it looks like, you don't.
That was almost 4 years ago. I see two familiar names (Rob Dawg and Tyler Durden), but SoCalMtgGuy has vanished. Meanwhile, I wonder what happened to the guy pondering the house.

Wednesday, October 28, 2009

A big union victory for Seattle

Boeing decides to shift production from Washington to South Carolina. The main sticking point: Militant unions.
After back-to-back Machinists strikes in 2005 and again in 2008, the company said its reputation as a reliable supplier came under fire from the airlines.

A lot changed last summer because of those Dreamliner troubles. Boeing ended up buying out one of its suppliers near Charleston. What had been Vought Aircraft Industries was now Boeing Charleston - Boeing's beachhead on the East Coast.

"Our relationship with the Machinists union was a factor, but it wasn't the only factor," said Boeing spokesman Russ Young.

But the company and the union couldn't come together on a contract that would have limited strikes.

"There were some meaningful discussions about production stability, about a longer term of agreement. There were a couple of things the union wanted that we just couldn't agree to, like work guarantees," said Young.
Reader ZeHawks Fan comments,
There is a HUGE difference between building a BMW SUV and a Airplane. I can fit that BMW 4 times in the center fuel tank now tell me S.C can build this product. I say flip burgers as a "metaphor" meaning low wage earners with zero experience are going to be asked to build a product that puts hundreds of people thousands of feet into the air. I would not trust a low paid no experienced non-union person to put my family in the air.
ZeHawks Fan adds,
Obviously you've never lived in S.C. There is a reason why their economy is so poor their "aerospace" workers make as much a burger flippers over here. You get what you pay for honey.
ZeHawks has absolutely no clue as to what's going on or what aerospace workers make in South Carolina. Not one clue. I'll happily fly an airliner built in South Carolina. (Seattle residents are busy attacking those unsophisticated hicks in South Carolina right now.)

Old-line unionists like ZeHawks still aren't getting The Big Picture. Seattle could become Detroit on the West Coast again. It wasn't that long ago that Seattle was wrestling with 17% unemployment.

We can still manufacture high-value stuff in the US. Honda has proved it. Toyota has proved it. BMW has proved it. Even GM proved it, until they caved under political pressure from the unions to shut down Spring Hill. We can no longer manufacture stuff in the US with militant unions and rigid management. That old Us vs Them model is broken.

Houston is Bankrupt

Happy news from Mish:
City of Houston
Disturbing Financial Facts---October 2009
By: Bob Lemer, Aubrey M. Farb and Tom Roberts

The City of Houston is financially broke and it appears that the mayor who takes office in January 2010 may have to captain the City through bankruptcy procedures.

The City’s unrestricted assets were $1.2 billion short of the already recorded corresponding liabilities these assets were needed to pay as of fiscal year end June 30, 2008,according to the City’s latest publicly available audited Comprehensive Annual Financial Report (CAFR). The $1.2 billion shortfall was a result of operating losses totaling $1.5 billion for fiscal years 2004-2008, applying the full accrual basis of accounting used in the private sector.

Arnold Acrostic

H/T to soemdood: Arnold to SF: F@$# You.

Tuesday, October 27, 2009

America's Reverse Brain Drain

USA Today, February 2004:
Reverse brain drain threatens U.S. economy
Inc., December 2005:
America's Reverse Brain Drain
America's losing its skilled immigrants to other countries, argues David Heenan in his new book, Flight Capital: The Alarming Exodus of America's Best and Brightest.
Businessweek, August 2007:
For the first time in its history, the U.S. faces the prospect of a reverse brain drain.
TechCrunch, October 2009:
We surveyed 1,224 foreign students from dozens of nations who are currently studying at U.S. universities or who graduated in 2008. The majority told us that they didn’t think that the U.S. was the best place for their professional careers and they planned to return home. Only 6 percent of Indian, 10 percent of Chinese, and 15 percent of European students planned to settle in the U.S.
Asia Times, October 2009:
An explosive report released by the Chinese Academy of Social Sciences (CASS) in September said earnings of graduates were now at par and even lower than those of migrant laborers. The news came as a blow to many high-aspiring parents and youngsters in a country that has for centuries prided itself on cultivating elite Confucian intelligentsia.
Good luck moving back home to establish that new startup, Zhi. Knock yourself out.

Monday, October 26, 2009

R.I.P. Geocities

I heard Geocities was shut down today. I wasn't aware they were still around. Hey, if you are feeling nostalgic you can visit AltaVista!

Reasons 3,239, 3,240 and 3,241 for Detroit's collapse

Also see Ford autoworkers overwhelming vote to close plants in Missouri and Michigan and expand jobs in Mexico.

Mr. Happy

Meet Alex Renton, Scotland's Mr. Happy.

Make sure your waders are on.

BTW, no.

WaMu: The Shystiest Guys in the Room

So much juicy meat from the Seattle Times:
"(Washington Mutual CEO Kerry Killinger) could look at a financial statement and get to the heart of what was going on in a nanosecond," said Fay Chapman, WaMu's chief legal officer from 1997 to 2007. "But he could not have run a coffee stand. I just don't think his mind works that way."
No worries about Killinger. He made out like... a banker.

Sunday, October 25, 2009

Wilson Phillips rocks

Carnie Wilson has really let herself go.


One thing annoyed me about old ad copy. The short sentences.

And short paragraphs.

Writing was choppy. Designed for impact. Done after many studies. By some research firms.

It worked. So they thought.

And shouldn't a sentence that is a question end in a question mark.

Thursday, October 22, 2009

California's public pension woes

The public wants pensions for California state workers trimmed. Reader gogowoody doesn't like that idea.
gogowoody wrote on 10/21/2009 03:41:12 PM:

I love how the people of California dictate not only the legality of my marriage, but now pension! For me to even earn HALF of what I currently make I'll be working for over 35 years....
You poor dear. Instead of retiring at 55 you'll retire at 60. And a 50% lifetime pension is pretty damn good if you ask me. You should have your house paid off by then and you've eliminated the cost of going to work... wear and tear on your car, new car every couple of years, gasoline, etc. Save money during your working years to pay for your post-retirement European vacations.
couple that to the fact that my State income has seen ONE, ONLY ONE cost of living increase and that was 3%! When you calculate the cost of living increases compared to the REAL cost of living State employees are 48% behind!
I hear the cost of housing has dropped dramatically in California and will drop even further. Are you willing to give back part of your salary to reflect this?

Next, gogowoody gets down to it.
With a Masters Degree in Biology, I make BARELY $3,000 a month and the STUPID, IGNORANT public says that I live high on the hog! I'm tired of being viewed as some "well-off public employee" I'm far from it, in fact I make SO LITTLE compared to my un-educated private sector friends its ridiculous! It just goes to show State budgeting from the ballot box DOESN'T work and so does the public defining my retirement.
Hey gogowoody, most of us stupid, ignorant, uneducated private-sector workers busting our butts don't get a pension. But we're paying for yours. Maybe you should show just the tiniest sliver of gratitude?

Wednesday, October 21, 2009

Bad housing craziness continues

I can just shake my head in dismay. What the hell else can I do? We all know how this will end.
20 Year Old Buys Home With $183,000 (toxic) FHA Loan And Just 3.5% Down

"I bought my house for $155,000. And now, after all the fixing, after all the remodeling, my house is worth $255,000. So just within a month period, I made a $100,000," she tells Market Place's Scott Jagow.
I applaud her work ethic, but she has no clue. None. Why is this allowed to continue? And why are we as taxpayers promoting this insanity via the Corporation for Public Broadcasting?

Tuesday, October 20, 2009

Apple's Magic Mouse

You probably heard that Apple had a blowout quarter. We're in the midst of the worst economic crisis in decades, yet people still clamor to buy their products. While the stores are filled with $250 Acer netbooks that sell at razor-thin margins, Apple can't make iPods, iPhones and Macbooks fast enough.

Apple is frequently accused of being all style and no substance. In reality, Apple is where it is due to innovation. Stellar marketing also plays a factor. Take the Magic Mouse, for example.

Microsoft is sitting on tens of billions in cash and yet they didn't come up with this. Why not? Lousy management. This extends throughout the industry, with the exception of a handful of companies. They are still building products for an old 1990's business model.

I hear that Jobs is a real ass to work for, but you know what? I'd prefer to work for a guy with a clear vision of what consumers want, who has marketing savvy and demands excellence.

American Federation of Teachers pay scale

Being an organizer for the American Federation of Teachers is quite lucrative. What a deal! Public school teachers are forced to pay huge sums of money to the AFT officers (they have no choice), and in return they get fat pensions that are doomed to collapse as taxpayers revolt. Who wins? Not our kids. Not the teachers. Not the taxpayers. The AFT management wins. Always.

If we stripped out all of our money spent on things other than education (union operations, Taj Mahal stadiums, paper-pushers, form-filling admins, lobbyists, etc.), and spent that money on the front line teachers, I bet they'd make a lot more money.

USA bails out the world

I am still trying to fully understand this.
(T)he Fed's printing press single handedly guaranteed the way of life for the UK, the Eurozone and Switzerland with unlimited funding! Whether the Fed was within its rights to bet the American way of life in order to mitigate the stupidity of Europe is a question best left to politicians. And politicians take note: the Fed's actions were to the benefit of "banks around the world including those that have no US subsidiaries or insufficient eligible collateral to borrow directly from the Federal Reserve System."
I am not a Harvard Business School graduate, but I see the hazard with linking financial systems. Linking the national electrical grid into one network is a similar hazard. Theoretically the system should be more efficient and create new opportunities, but breakdowns occur (who knew?) that can bring down the whole thing.

Update: Thanks, Glenn.

Monday, October 19, 2009

Dubai property prices rise 30%

From Emirates Business:
Property owners in Dubai have been increasing the asking price for their properties in the past two months and some areas have witnessed appreciation of 20 to 30 per cent in the past few weeks.

Dubai's property prices are expected to drop by another 20 percent as more projects come online, adding to an already flooded market where demand is dwindling, an executive at research firm Colliers International said.
Dubai’s population is forecast to shrink 8% this year, UBS AG said.
In 5 years, habitable real estate in Dubai will sell for 10% of what it was worth at the peak.

Jealous of Goldman Sachs

Reading one of Mish's posts from this past weekend made me realize that a lot of the criticism aimed at Goldman Sachs is plain old jealousy. And I for one think it's great that the son of the star of F Troop is now the COO of the SEC.

Stop your hating, people.

Sunday, October 18, 2009

Perfect weather

The first blast of perfect weather arrived here late last week and when it hits I don't feel much like blogging or reading up on stuff. We haven't had weather like this since early April and I can't tell you how much I enjoyed the past few days.

If only San Diego had plentiful jobs, low taxes and lots of nice houses in the $140,000 range.

Thursday, October 15, 2009

Keep the Texas electrical grid independent

Popular Mechanics has an article about Texas staying off the proposed national grid. They failed to mention what I think is the most important reason of all: Remember the 2003 blackout?

Going Galt

I appreciate much (not all) of Ayn Rand's philosophy, but when you get right down to it a lot of her prose is word salad. Her other theory besides Objectivism seems to have been, "Why write a 50,000 word story when you can tell the same story in 200,000 words?"

Baltimore is Bankrupt

Sometimes I think Mish goes a little overboard when it comes to solutions. Bankruptcy is the way out, but I disagree with privatizing fire fighters. De-unionizing them, yes. But there are important societal functions that shouldn't be run with a profit motive. I think.

Let the Red States Secede

In a MarketWatch bleat, Brett Arends really cuts the evil "red" states down to size. A couple things stand out:
  • Arends doesn't mention the biggest "red" state of them all, nor does he mention the fact that this "red" state is a net donor.
  • Arends doesn't mention the fact that the big "blue" states are losing population hand-over-fist. (1)(2)(3)
  • Arends repeats the tired canard that "red" states are propping up "blue" states.
  • Arends makes the absurd claim that "red" states are growing faster than "blue" states (?!!), but doesn't want to discuss current economic trends, which show a collapse in the big "blue" states economies. These economies consisted of finance, insurance and real estate (FIRE). With real estate and stupid lending companies dead, so is much of California. With the Wall Street shysters down (but regaining their feet), New York is toast. Much of the "blue" state economy was a chimera based on fraud and deceit.
The fact is, a guy in California who makes $50,000/year pays the same federal taxes as a guy in Georgia who makes $50,000/year. Well, no, actually. The guy in California gets massive subsidies for his overpriced house that the guy in Georgia has to pay for.

New York has always been messed up. California? What happened to you? You used to be the shining hill. Now you're the whining bankrupt schmuck who's desperate for a bailout from Mom and Dad after your get-rich-quick scheme failed.
Update: The Malthusian AHansen proposes a solution. She's all over the place, but it seems that she wants to ship retired state workers to Baja, declare bankruptcy and then split the state into wealthy coastal areas/Central Valley and everything else. So one state will get all the tech and all the agriculture, the other state gets Death Valley. Here's my idea: shrink state government.

Bump. A reader about my mortgage interest subsidy comment: "Lou this is not accurate, a guy in California who makes 50k a year can only optimistically qualify for a home loan of 150k-200k depending on debt load maybe less."

If this was true, we wouldn't see $600,000 40-year-old tiny tract houses in Garden Grove. It doesn't look like a house a wealthy person would want to live in, does it? In fact, it looks like a house a family with a 50k household income would live in.

But assuming the reader's comment is accurate, it doesn't change the fact that people who buy expensive houses receive fat subsidies from those of us in flyover country. Not to mention from renters.

Wednesday, October 14, 2009

Modern Stereotypes

A typical Californian

A typical American

A typical Rhode Islander

Typical Texans

A typical Scot

A typical German

A typical Alabamian

A typical French

A typical Belgian

A typical Japanese

Typical Australians

Tuesday, October 13, 2009

Single portion macaroni salad

Bon appetite!

Monday, October 12, 2009

Cars I've owned

2000 Rav4. It left the factory 10 years ago as of next week. Still going strong, no problems other than routine maintenance.
1996 Ford Ranger. I miss my truck, warts and all. I drove it off the lot and it already had an oil leak. But the dealer fixed it and I drove it happily for years with no problems. It did like to bounce around a lot, though. It handled like... can't think of an anology. A large mass of Silly Putty on wheels? Had to get rid of it because there's no safe place in it for small children.

A 1993 Toyota Corolla. I never had a problem with this car except for some annoying wind noise around the front right windshield. I will say that it was the most boring car I have ever had. When I bought the house I decided I wanted a truck.

My first new car was a 1988 Honda CRX. I paid $12.5k and mounted a very expensive bike rack on the roof. I put tens of thousands of miles on this car driving to various bike rides around Texas. For a Honda it was a piece of crap. The exhaust system was very prone to rust, and the water pump exploded on IH-610 during rush hour. After less than 40,000 miles.

My first car was a used 1978 Datsun 200-SX. I bought it in Pasadena for $4500 when I was 17 and I got ripped off. Remember those stupid louvers people put over the rear windows? I had 'em. The A/C broke down after a year or so, and it got to a point during my senior year in college where I'd have to park on hills in order to start the car. Nacogdoches is hilly, so I never bothered to get it repaired. (I was also broke.) Come to think of it, the car lasted me through college and many miles of pizza/sandwich shop deliveries, so $4500 was a bargain.

I am an oddity in many ways. One of which is I prefer manual. I've never owned an automatic and don't plan to. I'll probably be forced to go automatic once everything on the road is a hybrid or complete electric.

It's time to stick a fork in Microsoft

I started to write a post about cloud computing:
I just don't trust the Cloud and I bet Sidekick customers no longer trust it either. I want to make my own backups, thanks. I am comfortable with non-critical stuff, like using Gmail as a convenient dump for years of e-mail. But I don't have enough faith in the Cloud to, say, trust Flickr with my only set of pictures.
Then I read more and found out that the T-Mobile/Sidekick/Danger/Microsoft fiasco can't be chalked up to cloud computing, but to the astounding fact that MICROSOFT DIDN'T BACK UP THE DATA. Ballmer needs to go pronto and the entire org structure needs to be rebuilt. Tie this in with the fact that Windows Mobile 6.5 is a turd and there's a recipe for shareholder revolt. Microsoft will soon be Seattle's GM once the cash bleed starts.

Mmm... Whataburger.

Ambrose states the obvious

Bad news for peak oilers:
Energy crisis is postponed as new gas rescues the world
Peak oilers live in a doom world where technological breakthroughs are unheard of. I bet there were "peak longevity" nuts 100 years ago who said that there was no way our average lifespans would exceed 70. Mankind has tapped out its ingenuity!

Sunday, October 11, 2009

Hamster mug shot

I am very sorry to hear about what happened to the girl. But...

Friday, October 9, 2009

Sign Spinner

Obama wins the Nobel Peace Prize

He wins after being nominated just 2 weeks into his presidency? I think that even Obama's most dyed-in-the-wool supporters recognize the absurdity of this. Which is why I think Obama will magnanimously decline, defusing this joke and spinning it to his advantage.

Wednesday, October 7, 2009


Interesting outcome.
A US Way Out?

The US, as the country, is economically and militarily powerful enough to declare that it no longer honours its debt and its currency. Effectively the dollar could be written off as a currency. As around two thirds of world reserves are held in dollar they will be written off. The US will have no debt. Along this action, the US will introduce a “new dollar”. Any internal US old dollar liability will be converted into it, possibly with even 1:1 ratio. This will give seamless continuity to the US internal market. Any international debt will be negotiable. Some nations on which the US depends (like critical suppliers of commodities, e.g. crude oil) may get a favourable treatment. Other nations on which the US does not depend and especially those that may be perceived as prospective threat, rival or with conflicting interests may just get nothing. As a result they will be weakened.

Such actions will mark a completely fresh start for the US. Like a company coming out of Chapter 11 with a great deal negotiated (in this case imposed by the US itself). The entire pyramid collapse will become history in the US. The next year's budget will be hugely relieved from massive debt repayments. The Obama’s administration will be awash with cash to spend on any programme, including green energy, social programmes.
The Chinese certainly have it coming after 20+ years of mercantilism. What would they do if we told them to pound sand? Invade Taiwan probably. The Chinese people are very nationalistic and that'll keep the masses occupied for a few months until they start demanding their tons of flesh from the Chinese Communist Party. Knock yourselves out.

Assemble the Illuminati!

Tuesday, October 6, 2009

Shoeshine boy whispers: “Buy gold!”

AM radio show hosts, certain bloggers and all 9/11 truthers agree. Buy gold!

Maybe it's time for GM to move

Like many of us I am watching the tragedy known as Detroit. Right now the city is desperate to keep GM headquartered downtown.

The old rust belt industrial model (high union wages and stupid workrules, political busybodies and really dumb corporate management) broke 30 years ago. Maybe it's time for GM to move its headquarters and rebuild elsewhere. I suggest Texas.

Grandma Spam

That's what most people call those annoying emails forwarded by elderly relatives. In this instance it came from my dad and it actually made me chuckle.

Monday, October 5, 2009

ACORN defends its actions

No, wait. They don't. Instead of addressing the facts and allegations they attack the media outlets airing these facts and allegations. Complete silence about embezzling $5,000,000. Money that ACORN's higher-ups stole from the pockets of the desperately poor and needy.

Subpoena here (PDF file).

Sunday, October 4, 2009

The French love McDonald's

A bunch of people are getting their panties in a wad over a McDonald's franchise in the Louvre. Been there, done that. The Louvre is wonderful, and there's an underground food court that already has a large selection of franchised fast food outlets. If you've never been it looks like your typical mall food court. Last time I went to the Louvre I got a slice of greasy franchise outlet pizza. Why is McDonald's any different?

I have never understood why McDonald's is so feared. People line up wherever McDonald's appears, so it's not like McDonald's is oppressing local culture. People want McDo's all over the Earth. And can we be honest with ourselves? Authentic French food is not healthy. It's laden with fat and grease and cholesterol. Don't push the health angle, because there isn't one. It all boils down to portion size.


Let's just say that this is one movie that is a lot better than the trailer. Woody Harrelson lets fly a line from "Babe" that was completely out of left field. I couldn't breath for about 5 minutes after that and I'm still laughing. I won't spoil the famous cameo.

Saturday, October 3, 2009

Houston auto dealers

I did some car browsing today. Two things stand out:
  • The local Toyota dealers aren't carrying much in the way of stock. Very few cars or trucks.
  • The Honda dealers I went to were loaded. Each had dozens of Fit's on hand.
Don't know what to make of this, if anything.

CalPERS employees get important memo

CalPERS employees received a detailed memo on how to wash their hands. This says to me there is more fat to be cut.

Friday, October 2, 2009

2009 Atlantic Hurricane Season

Al Gore, 2005:
Now, the scientific community is warning us that the average hurricane will continue to get stronger because of global warming. A scientist at MIT has published a study well before this tragedy showing that since the 1970s, hurricanes in both the Atlantic and the Pacific have increased in duration, and in intensity, by about 50 %. The newscasters told us after Hurricane Katrina went over the southern tip of Florida that there was a particular danger for the Gulf Coast of the hurricanes becoming much stronger because it was passing over unusually warm waters in the gulf. The waters in the gulf have been unusually warm. The oceans generally have been getting warmer. And the pattern is exactly consistent with what scientists have predicted for twenty years. Two thousand scientists, in a hundred countries, engaged in the most elaborate, well organized scientific collaboration in the history of humankind, have produced long-since a consensus that we will face a string of terrible catastrophes unless we act to prepare ourselves and deal with the underlying causes of global warming.
Naples, FL News, September 30, 2009:
The 2009 hurricane season has made its mark for its calmness, having yet to reach even the low end of the range of National Hurricane Center predictions for numbers of storms.
Al Gore is a con artist who has made millions off of fear-mongering. Got it yet?

Eine faule Socke

Yesterday's news reminded me of Henrico Frank. You remember him. He has a band now.

Thursday, October 1, 2009

Our collective future rests with them

It's good to know that the next generation to enter the work force is so dedicated. We can all rest easy knowing the future lies with them.