Wednesday, March 30, 2005

Tyrranosaurus Ostrich Lays an Egg

A series of strange events accompanied the ‘discovery’ of 70-million-year-old Tyrannosaurus rex in Montana.
The ‘scientist’ that made this discovery ‘Doctor’ Mary H. Schweitzer has a Bachelor of Science Degree in Communicative Disorders from Utah State University. She got a Certificate in Secondary Education and ‘Broadfield’ Science from Montana State University and a Ph D in Biology from Montana State University.
This Communicative Disorders expert went into what she calls a remote part of the ‘Charles M. Russell National Wildlife Refuge’. The ’remote’ area is accessible by automobile, surrounds a man made lake and attracts over 200,000 visitors a year. That is where they uncovered the bones in the wildlife reserve by blasting them out with dynamite.
‘Doc’ Schweitzer ordered some of the bones broken in half so the helicopter could carry them away.
In Bozeman, Mt, Schweitzer inspected the damaged specimen before applying preserving chemicals and noticed unusual tissue fragments. She concluded fossilization had not completed over the past 70 million years.
She then had a scanning electron microscope examine the bone. ‘Doc’ Schweizeer announced the dinosaur's blood vessels to be "virtually indistinguishable" from those recovered from ostrich bones.
In the last ten years Montana has become a major producer of ostriches and has over 100 ostrich ranches. Bozeman isover 385 miles from the discovery point and deep in Ostrich ranch country.
In my opinion ‘Doc’ Schweizer may either be exhibiting a communicative disorder or may be the brunt of some fossilized Montana humor or may be committing fraud.

Saturday, March 05, 2005

US Navy Plans to Sink America

The United States Navy is planning on taking the aircraft carrier USS America 300 miles off the eastern coast of the United States to sink it in international waters on April 11, 2005.
The navy will attack the aircraft carrier to see how many weapons it will take to sink it. They already know it will cost about 20 million dollars.
The aircraft carrier displaces over 82,200 tons. The total tonnage of steel and specialty metals on the ship are worth well over 70 million dollars - especially in today’s constricted steel market.
The US Navy will spend more than 100 million dollars to sink a ship which cost more than 400 million dollars to build.
This particular ship wasn’t put together very well in the first place.
The ship never went through the Navy's Carrier Service Life Extension Program (SLEP) and was falling apart before it was mothballed in Philadelphia. In the early 1990s one of the flight deck elevators fell with S-3B aircraft and several sailors on it.
The ship also experienced steam and fuel leaks. Also in the early 1990s while returning from a cruise - the captain took a shortcut though a hurricane which destroyed most of the flight deck catwalks.
Our national steel industry is in dire straits. Expenditures on weapons continue to spiral up.
The sinking of the USS America at a cost of 20 million dollars and a total loss to the United States Treasury of more than 100 million dollars is being done against recommendations that include having the ship broken up in an American port in order to salvage the steel.
Facilities for this sort of work exist in all of the states on the eastern seaboard of the United States.
The decision to sink the ship in international waters has been condemned as an act of negligence on the part of the United States.
In 2001 Polio National Immunization Days were instituted in rural areas in Africa and Asia. During the course of that work over 27 million children were immunized against polio at a cost of 60 cents per immunized child.
The money saved by not attacking the ship (20 million) could immunize 33,333,333.33 children.
The potential income by selling the ship for scrap (50 to 70 million dollars) could immunize between 83 million and 116 million children.
The USS Oriskany is due to be sunk off the coast of Florida as an artificial reef to attract fish. Globally 40,000 children under the age of five die each day from malnutrition and vaccine preventable disease.

Wednesday, March 02, 2005

Self Directed Accounts

I have a 401K retirement account.
I have been offered a Self Directed Account.
I looked into it.
I called the company and was told me that I had to call another number. The guy I spoke to didn’t know much about the accounts. I had to read to him the document his company sent me with his phone number on it.
I called the other number looking for some municipal bonds.
I was told that I could not look the bonds up myself. I would need to call on the phone and the clerk would tell me about the bonds in their ‘inventory’.
I asked the fee.
I was told it was ‘built into the cost of the bonds’.
My private account charges 30 dollars.
The clerk told me that the fee for purchasing the bonds ‘varied’.
I asked for 5 triple-A municipal bonds in either West Virginia or Michigan.
He told me that I could get Virginia bonds for 54 hundred dollars.
(I didn’t ask for Virginia bonds.)
He said municipal bonds were not a good idea to put into a retirement fund because they are not federally taxed but that he wasn’t offering advice.
It took 5 minutes to realize that a Self Directed Account would be a rip off.
Individual trades cost $19.95 and dividends go into a money market account. If I didn’t get that cash out fast enough I might lose it all.
What makes you think George Bush’s personal accounts will be better?