Saturday, February 3, 2024

3:50 p.m. CT -- US Hits At Least 30 Targets In Yemen -- February 3, 2024

Locator: 46732YEMEN.

Yemen, local time in Yemen: midnight. From the AP and Yahoo!News:

The United States and Britain struck at least 30 Houthi targets in Yemen on Saturday in a second wave of assaults meant to further disable Iran-backed groups that have relentlessly attacked American and international interests in the wake of the Israel-Hamas war.

The latest strikes against the Houthis were launched by ships and fighter jets. The strikes follow an air assault in Iraq and Syria on Friday that targeted other Iranian-backed militias and the Iranian Revolutionary Guard in retaliation for the drone strike that killed three U.S. troops in Jordan last weekend.

The Houthi targets were in 10 different locations and were struck by U.S. F/A-18 fighter jets from the USS Dwight D. Eisenhower aircraft carrier and by American warships firing Tomahawk missiles from the Red Sea.

According to officials, the USS Gravely and the USS Carney, both Navy destroyers, launched missiles.

Nothing like "real" missions for our warfighters to maintain their warfighting skills. 

From Peter Zeihan:

No matter how much bubble wrap and caution tape we slap onto global maritime shipping, the industry has found itself in quite a predicament.

Despite the Ukraine War, a drought impacting the Panama Canal, Houthi attacks in Yemen, widespread piracy, and mounting geopolitical tensions in the South China Sea (yes, that is a lot of disruptions), the maritime shipping system has not cracked yet. However, it is very, very, very fragile.
The main thing propping up shipping in these more problematic regions is the emergence of 'ghost fleets' with alternative insurance policies. This insurance system is untested and unreliable, and as soon as one of the dominos falls, the entirety of the shipping system will follow.

The looming threat of a shipping collapse should terrify you. In case you need a supply chain refresher, manufacturing and global shipping is more interconnected than ever...so if the global shipping system fails, we're in for a world of hurt.

The video here

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The Golf Page

ATT Pebble Beach

Wyndham Clark sets a round record: 60. 


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Memories

Some of my best memories include Pebble Beach -- the California coast from Santa Barbara to Santa Cruz to Fisherman's Wharf. 

I spent as much time along that coast between 1972 and 1983 as I did in north Yorkshire, England, between 2002 and 2004, or thereabouts.

In a parallel universe I would want to live along that California coast between 1955 - 1965, age 18 - 28, with a rich uncle who hated to part with his money but lived his "real" life vicariously through his 20-something nephew. 

Vehicle of choice: a 1960 classic Volkswagen bus.


As long as I'm reminiscing, in another parallel universe
,

  • north Yorkshire, England, specifically Pateley Bridge
  • 1955 - 1965
  • 1955 Land Rover
  • age 38 - 48
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The Book Page


The Book Page -- Simon And Schuster Celebrates Its Centennial Year -- February 3, 2024

Locator: 46731BOOKS.

Note: from 1924-1976, all of the authors listed are white. A handful of Black writers appear from 1977-2000, starting with Ntozake Shange's "for colored girls who have considered suicide / when the rainbow is enuf," before the list broadly diversifies in the 21st century. 

When one reads that, one wonders if the music industry was the "saving grace" for our children and grandchildren, something school boards could not ban. It possibly started with the music in the mid- to late-1960s.

Wiki

Top 100

Goodreads, top 100, 20th century, readers vote.

I graduated from high school in 1969.

It's a sad commentary on my WHS English courses, looking back, looking at the books from the 1920s through the 1960s that I did not read.

It's also a sad commentary which books are currently being removed from high school libraries in Texas and Florida.


THE SIMON & SCHUSTER 100

The 100 books:
  • 1924 The Cross Word Puzzle Book by F. Gregory Hartswick, Prosper Buranelli, and Margaret Petherbridge (Simon & Schuster)
  • 1925 The Great Gatsby by F. Scott Fitzgerald (Scribner)
  • 1926 The Story of Philosophy by Will Durant (Simon & Schuster)
  • 1929 A Farewell to Arms by Ernest Hemingway (Scribner)
  • 1936 Gone with the Wind by Margaret Mitchell (Scribner)
  • 1936 How to Win Friends and Influence People by Dale Carnegie (Simon & Schuster)
  • 1938 The Yearling by Marjorie Kinnan Rawlings (Scribner)
  • 1939 The Good Earth by Pearl S. Buck (Pocket Books)
  • 1940 How to Read a Book by Mortimer J. Adler (Simon & Schuster)
  • 1946 The Common Sense Book of Baby and Child Care by Benjamin Spock (Pocket Books)
  • 1947 Misty of Chincoteague by Marguerite Henry, illustrated by Wesley Dennis (Aladdin/Rand McNally)
  • 1947 Stone Soup by Marcia Brown (Scribner)
  • 1948 Cry, The Beloved Country by Alan Paton (Scribner)
  • 1955 Eloise by Kay Thompson, illustrated by Hilary Knight (Simon & Schuster)
  • 1960 The Last Temptation of Christ by Nikos Kazantzakis (Simon & Schuster)
  • 1960 The Rise and Fall of the Third Reich by William L. Shirer (Simon & Schuster)
  • 1961 Catch-22 by Joseph Heller (Simon & Schuster)
  • 1965 Science and Human Behavior by B.F. Skinner (Free Press)
  • 1966 Mr. Clemens and Mark Twain by Justin Kaplan (Simon & Schuster)
  • 1967 The Chosen by Chaim Potok (Simon & Schuster)
  • 1967 Fahrenheit 451 by Ray Bradbury (Simon & Schuster)
  • 1967 From the Mixed-Up Files of Mrs. Basil E. Frankweiler by E.L. Konigsburg (Atheneum)
  • 1969 Sylvester and the Magic Pebble by William Steig (Windmill Books)
  • 1970 Are You There, God? It's Me, Margaret. by Judy Blume (Macmillan/Bradbury Press)
  • 1970 Time and Again by Jack Finney (Simon & Schuster)
  • 1973 The Dark Is Rising by Susan Cooper (Margaret K. McElderry Books)
  • 1973 The Denial of Death by Ernest Beck (Scribner/Free Press)
  • 1974 On Death and Dying by Elisabeth Kübler-Ross, M.D. (Scribner)
  • 1974 All the President's Men by Carl Bernstein and Bob Woodward (Simon & Schuster)
  • 1975 Looking for Mister Goodbar by Judith Rossner (Simon & Schuster)
  • 1975 Strega Nona by Tomie De Paola (Prentice-Hall)
  • 1975 Where Are the Children? by Mary Higgins Clark (Simon & Schuster)
  • 1977 for colored girls who have considered suicide / when the rainbow is enuf by Ntozake Shange (Macmillan)
  • 1977 The Women’s Room by Marilyn French (Summit Books)
  • 1977 Arnold: The Education of a Bodybuilder by Arnold Schwarzenegger and Douglas Kent Hall (Simon & Schuster)
  • 1978 The Road Less Traveled by M. Scott Peck (Simon & Schuster)
  • 1982 The Going to Bed Book by Sandra Boynton (Boynton Bookworks)
  • 1982 Schindler's List by Thomas Keneally (Simon & Schuster)
  • 1983 Hollywood Wives by Jackie Collins (Simon & Schuster)
  • 1985 Lonesome Dove by Larry McMurtry (Simon & Schuster)
  • 1986 Hatchet by Gary Paulsen (Macmillan/Bradbury Press)
  • 1987 The Closing of the American Mind by Allan Bloom (Simon & Schuster)
  • 1987 The Making of the Atomic Bomb by Richard Rhodes (Simon & Schuster)
  • 1987 Postcards from the Edge by Carrie Fisher (Simon & Schuster)
  • 1988 Parting the Waters by Taylor Branch (Simon & Schuster)
  • 1989 Chicka Chicka Boom Boom by Bill Martin, Jr., and John Archambault, illustrated by Lois Ehlert (Simon & Schuster Books for Young Readers)
  • 1989 The 7 Habits of Highly Effective People by Stephen R. Covey (Simon & Schuster) 1990 Middle Passage by Charles Johnson (Atheneum)
  • 1991 Awaken the Giant Within by Anthony Robbins (Summit)
  • 1991 Shiloh by Phyllis Reynolds Naylor (Atheneum)
  • 1992 Band of Brothers by Stephen E. Ambrose (Simon & Schuster)
  • 1992 Diana: Her True Story by Andrew Morton (Simon & Schuster)
  • 1992 The End of History and the Last Man by Francis Fukuyama (Free Press)
  • 1992 She's Come Undone by Wally Lamb (Pocket Books)
  • 1992 Truman by David McCullough (Simon & Schuster)
  • 1993 The Shipping News by E. Annie Proulx (Scribner)
  • 1994 Diplomacy by Henry Kissinger (Simon & Schuster)
  • 1994 No Ordinary Time by Doris Kearns Goodwin (Simon & Schuster)
  • 1996 Angela's Ashes by Frank McCourt (Scribner)
  • 1996 It Takes a Village by Hillary Rodham Clinton (Simon & Schuster)
  • 1997 Joy of Cooking by Irma S. Rombauer, Marion Rombauer Becker, and Ethan Becker (Scribner)
  • 1997 Term Limits by Vince Flynn (Pocket Books)
  • 1997 Underworld by Don DeLillo (Scribner) 
  • 1999 The Coldest Winter Ever by Sister Souljah (Pocket Books)
  • 2000 Olivia by Ian Falconer (Atheneum)
  • 2000 On Writing by Stephen King (Scribner)
  • 2001 Carry Me Home by Diane McWhorter (Simon & Schuster)
  • 2001 An Hour Before Daylight by Jimmy Carter (Simon & Schuster)
  • 2001 The Noonday Demon by Andrew Solomon (Scribner)
  • 2002 The House of the Scorpion by Nancy Farmer (Atheneum)
  • 2003 Waiting for Snow in Havana: Confessions of a Cuban Boy by Carlos Eire (Free Press)
  • 2004 Chronicles: Volume One by Bob Dylan (Simon & Schuster)
  • 2004 He's Just Not That Into You by Greg Behrendt and Liz Tuccillo (Simon Spotlight Entertainment)
  • 2005 And Tango Makes Three by Justin Richardson and Peter Parnell, illustrated by Henry Cole (Simon & Schuster Books for Young Readers)
  • 2005 The Glass Castle by Jeannette Walls (Scribner)
  • 2006 Pelé: The Autobiography by Pelé (Simon & Schuster UK)
  • 2006 The Secret by Rhonda Byrne (Atria)
  • 2007 City of Bones by Cassandra Clare (Margaret K. McElderry Books)
  • 2009 Dork Diaries by Rachel Renée Russell (Aladdin)
  • 2009 The Summer I Turned Pretty by Jenny Han (Simon & Schuster Books for Young Readers)
  • 2010 The Emperor of All Maladies by Siddhartha Mukherjee (Scribner)
  • 2010 Out of My Mind by Sharon M. Draper (Atheneum)
  • 2011 Steve Jobs by Walter Isaacson (Simon & Schuster)
  • 2012 Aristotle and Dante Discover the Secrets of the Universe by Benjamin Alire Sáenz (Simon & Schuster Books for Young Readers)
  • 2013 Hyperbole and a Half by Allie Brosh (Touchstone)
  • 2014 All the Light We Cannot See by Anthony Doerr (Scribner)
  • 2014 A Man Called Ove by Fredrik Backman (Atria)
  • 2016 It Ends with Us by Colleen Hoover (Atria)
  • 2016 Born to Run by Bruce Springsteen (Simon & Schuster)
  • 2016 The Woman in Cabin 10 by Ruth Ware (Gallery / Scout Press)
  • 2017 Long Way Down by Jason Reynolds (Atheneum / Caitlyn Dlouhy Books)
  • 2017 Mothering Sunday by Graham Swift (Scribner UK)
  • 2017 i by Jesmyn Ward (Scribner)
  • 2018 Frederick Douglass: Prophet of Freedom by David W. Blight (Simon & Schuster)
  • 2018 The Library Book by Susan Orlean (Simon & Schuster)
  • 2019 From the Ashes by Jesse Thistle (Simon & Schuster Canada)
  • 2019 Tell Me Why by Archie Roach (Simon & Schuster Australia)
  • 2019 Three Women by Lisa Taddeo (Avid Reader Press)
  • 2022 I'm Glad My Mom Died by Jeannette McCurdy (Simon & Schuster)
  • 2023 How to Say Babylon by Safiya Sinclair (37 Ink)
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The Gulf
 
For high school seniors planning to major in marine biology in college.
 
For all others who spend their summers and winters on Florida beaches or in Cancun. 

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Goodreads Top 100 -- 20th Century

Goodreads 

  • 1 To Kill a Mockingbird by Harper Lee 
  • 2 1984 by George Orwell 
  • 3 Harry Potter and the Sorcerer's Stone (Harry Potter, #1) by J.K. Rowling
  • 4 The Great Gatsby by F. Scott Fitzgerald 
  • 5 Animal Farm by George Orwell 
  • 6 The Hobbit (The Lord of the Rings, #0) by J.R.R. Tolkien 
  • 7 The Little Prince by Antoine de Saint-Exupéry 
  • 8 Fahrenheit 451 by Ray Bradbury 
  • 9 The Catcher in the Rye by J.D. Salinger
  • 10 The Lion, the Witch and the Wardrobe (Chronicles of Narnia, #1) by C.S. Lewis 
  • 11 The Grapes of Wrath by John Steinbeck 
  • 12 One Hundred Years of Solitude by Gabriel García Márquez 
  • 13 Brave New World by Aldous Huxley 
  • 14 Gone with the Wind by Margaret Mitchell 
  • 15 Of Mice and Men by John Steinbeck 
  • 16 Harry Potter and the Prisoner of Azkaban (Harry Potter, #3) by J.K. Rowling
  • 7 The Giver (The Giver, #1) by Lois Lowry (Goodreads Author) 
  • 18 Lord of the Flies by William Golding 
  • 19 Slaughterhouse-Five by Kurt Vonnegut Jr.
  • 20 Lolita by Vladimir Nabokov 
  • 21 East of Eden by John Steinbeck 
  • 22 The Handmaid’s Tale (The Handmaid's Tale, #1) by Margaret Atwood (Goodreads Author) 
  • 23 The Fellowship of the Ring (The Lord of the Rings, #1) by J.R.R. Tolkien 
  • 24 One Flew Over the Cuckoo's Nest by Ken Kesey 
  • 25 The Stranger by Albert Camus 
  • 26 Memoirs of a Geisha by Arthur Golden 
  • 27 The Ultimate Hitchhiker's Guide to the Galaxy (Hitchhiker's Guide to the Galaxy, #1-5) by Douglas Adams 
  • 28 Charlotte’s Web by E.B. White 
  • 29 Harry Potter and the Chamber of Secrets (Harry Potter, #2) by J.K. Rowling 
  • 30 The Chronicles of Narnia (The Chronicles of Narnia, #1-7) ) by C.S. Lewis
  • 31 A Wrinkle in Time (Time Quintet, #1) by Madeleine L'Engle 
  • 32 The Old Man and the Sea by Ernest Hemingway 
  • 33 Ender’s Game (Ender's Saga, #1) by Orson Scott Card 
  • 34 The Giving Tree by Shel Silverstein 
  • 35 The Return of the King (The Lord of the Rings, #3) by J.R.R. Tolkien 
  • 36 The Two Towers (The Lord of the Rings, #2) by J.R.R. Tolkien 
  • 37 Night (The Night Trilogy, #1) by Elie Wiesel 
  • 38 A Tree Grows in Brooklyn by Betty Smith 
  • 39 The Bell Jar by Sylvia Plath 
  • 40 Watership Down (Watership Down, #1) by Richard Adams 
  • 41 The Alchemist by Paulo Coelho (Goodreads Author)
  • 42 Anne of Green Gables (Anne of Green Gables, #1) by L.M. Montgomery 
  • 43 In Cold Blood by Truman Capote 
  • 44 Green Eggs and Ham by Dr. Seuss 
  • 45 The Color Purple by Alice Walker 
  • 46 Atlas Shrugged by Ayn Rand 
  • 47 The Metamorphosis by Franz Kafka 
  • 48 The Poisonwood Bible by Barbara Kingsolver
  • 49 Love in the Time of Cholera by Gabriel García Márquez 
  • 50 The Secret Garden by Frances Hodgson Burnett 
  • 51 Siddhartha by Hermann Hesse 
  • 52 The Complete Sherlock Holmes by Arthur Conan Doyle 
  • 53 Rebecca by Daphne du Maurier 
  • 54 The Stand by Stephen King (Goodreads Author) 
  • 55 The Unbearable Lightness of Being by Milan Kundera The Name of the Rose by Umberto Eco
  • 57 A Prayer for Owen Meany by John Irving (Goodreads Author) 58 Dune (Dune, #1) by Frank Herbert 
  • 59 Where the Wild Things Are by Maurice Sendak 
  • 60 The Lorax by Dr. Seuss 
  • 61 Charlie and the Chocolate Factory (Charlie Bucket, #1) by Roald Dahl
  • 62 The Pillars of the Earth (Kingsbridge, #1) by Ken Follett (Goodreads Author) 
  • 63 The Master and Margarita by Mikhail Bulgakov 
  • 64 The Outsiders by S.E. Hinton (Goodreads Author) 
  • 65 The Hitchhiker’s Guide to the Galaxy (The Hitchhiker's Guide to the Galaxy, #1) by Douglas Adams 
  • 66 On the Road by Jack Kerouac 
  • 67 The Sun Also Rises by Ernest Hemingway 
  • 68 Ulysses by James Joyce 
  • 69 Beloved by Toni Morrison 
  • 70 All Quiet on the Western Front by Erich Maria Remarque 
  • 71 The Good Earth (House of Earth, #1) by Pearl S. Buck 
  • 72 A Confederacy of Duncesby John Kennedy Toole
  • 73 Angela's Ashes (Frank McCourt, #1) by Frank McCourt 74 The Joy Luck Club by Amy Tan (Goodreads Author) 
  • 75 For Whom the Bell Tolls by Ernest Hemingway 
  • 76 The Fountainhead by Ayn Rand 
  • 77 The Sound and the Fury by William Faulkner 
  • 78 A Clockwork Orange by Anthony Burgess 
  • 79 The World According to Garp by John Irving (Goodreads Author) 
  • 80 Little House on the Prairie (Little House, #3) by Laura Ingalls Wilder 
  • 81 Their Eyes Were Watching God by Zora Neale Hurston 
  • 82 A Farewell to Arms by Ernest Hemingway 
  • 83 Invisible Man by Ralph Ellison
  • 84 Flowers for Algernon by Daniel Keyes 
  • 85 Where the Red Fern Grows by Wilson Rawls 
  • 86 Mere Christianity by C.S. Lewis 
  • 87 Waiting for Godot by Samuel Beckett 
  • 88 Lonesome Dove (Lonesome Dove, #1) by Larry McMurtry 
  • 89 A Game of Thrones (A Song of Ice and Fire, #1) by George R.R. Martin 
  • 90 The Things They Carried by Tim O'Brien 
  • 91 The Red Tent by Anita Diamant (Goodreads Author) 
  • 92 Sophie’s Choice by William Styron 
  • 93 To the Lighthouse by Virginia Woolf 
  • 94 Fear and Loathing in Las Vegas by Hunter S. Thompson 
  • 95 Franny and Zooey by J.D. Salinger 
  •  96 Cat's Cradle by Kurt Vonnegut Jr. 
  • 97 Blindness by José Saramago
  •  98 A Portrait of the Artist as a Young Man by James Joyce 
  •  99 And Then There Were None by Agatha Christie 
  • 100 Winnie-the-Pooh by A.A. Milne

US Economy -- Yahoo!Finance -- February 3, 2024

Locator: 46730ECON.

Yahoo!Finance: Saturday morning brief; week in review.

Consumer spending accounts for 2/3rd of US GDP

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Productivity

Link here

Re-posting:

How many hundreds of thousands of new jobs = a 25-basis point cut? For earnings, not market action.

  • Wow, talking heads are nuts. Meme investing.
  • let's opine:
    • 100,000 new jobs = a 25-basis point cut
    • 3.5 x 25 = 87.5 basis points

How much of a drop in oil price = a 25-basis point cut? For earnings, not market action.

  • let's opine:
    • every $2.5 drop in WTI = 25-basis point
    • $80 - $7.5 = $72.5-WTI =  another 75-basis point

Sub-total: 87.5 + 75 = 162.5 basis points

Currently

  • 550 - 162.5 = 387.5. Let's call it 3.75%.

Productivity, link here:

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The Fed Rate

... with a few annotations.

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History

The Great Recession

Link here.

The leading indicator: housing prices.  

If JPow was allowed only one chart to watch, what would he watch?

Commercial real estate might come in second.

EVs? Even Germany Is Pushing Back -- February 3, 2024

Locator: 46729EVS.

EVs have definitely been pushed back a few years; the question is will they ever recover, and if they do, how long will it take? 

Link here.