Thursday, December 31, 2015

The Tail End of 2015


 More things you probably wont mind watching leave below the break.

Tuesday, December 29, 2015

Friday, December 25, 2015

BeCos(play) It's also Friday

 More not safe for festivities below the break, and as always bonus nerd points for recognizing characters.

Merry Christmas

I think this says things better than I would be able to, so Merry Christmas readers.

Friday, December 18, 2015

BeCos(play) It's Friday

 More not safe for recent premiers below the break, and as always bonus nerd points for recognizing characters.

Friday, December 11, 2015

BeCos(play) It's Friday

  
 
 More not safe to ogle three times below the break, and as always bonus nerd points if you recognize characters.

Wednesday, December 9, 2015

Close to the Flag Pole

Large Quantity of Cellphones Bought By “Immigrants” at Rural Missouri Walmart Sets Off Alarms

Another High Cost of Public Pensions

Another moral hazard of defined benefit pension plans are a lack of incentives to control costs.

 

US Pensions Squander Retirees' Cash On Fees For Underperforming Hedge Funds

Underscoring just how poorly these investments have performed especially considering the fee structure, Jeff Hooke, a managing director with Focus Investment Banking in Washington conducted a study with five state pension funds over five years which showed that the median return on hedge-fund investments a full 6 percentage points lower than a 60/40 equity-fixed income index fund managed by Vanguard. The expense ratio on the Vanguard fund: 0.23%. That’s a hell of a long way away from 2 and 20. 
Hooke’s conclusion: “Hedge funds have cost the states tens of billions in opportunity costs the last five years.” 
So amusingly, public pension funds probably could have closed their funding gap by just buying the S&P and watching the Bernanke/Yellen put work its magic, but instead, they went out and plowed retirees’ money into hedge funds that ended up massively underperforming and now, it’s too late to take advantage of the equity gravy train because the FOMC is about the yank the punchbowl. 
We hope someone has learned a lesson here, but we seriously doubt it, because as Donald Boyd, senior fellow at the Nelson A. Rockefeller Institute of Government told Bloomberg, the longer pension fund managers cling to unrealistic return assumptions in a ZIRP and NIRP world, the more they’ll reach and the more they’ll likely lose which means “taxpayers and those who count on government services and investments will pay the price.”

 

The real take away is that absent significant performance differences( that are missing here), conventional wisdom is go with the lower expense ratio.

Tuesday, December 8, 2015

Friday, December 4, 2015

BeCos(play) It's Friday

 More not safe for sanity below the break, and as always bonus nerd points if you recognize characters.

Thursday, December 3, 2015

Actual War On Christmas

I know this is like speculating how fast a Top-fuel car went at the drag strip, but how long do you think it took the self hating narcissists on the left to start blaming the Christmas party for the San Bernardino shooting?

Tuesday, December 1, 2015

Friday, November 27, 2015

BeCos(play) It's Friday

 More not safe to leave out of the Marvel Cinematic Universe below the break, and as always bonus nerd points if you recognize characters

Thursday, November 26, 2015

Happy Thanksgiving

There are many very serious and somber things to be thankful for, but I'd also like to be thankful for moments of lightened mood.

May your thanksgiving calamities be less public or at least less spectacular.

Wednesday, November 25, 2015

Seeing Red

 Leading up to the holiday zone can have you seeing red, more below the break.

Tuesday, November 24, 2015

Friday, November 20, 2015

BeCos(play) It's Friday

 More not safe for gaming below the break, and as always bonus nerd points if you recognize characters.

Thursday, November 19, 2015

Stuck in the Middle with Congestion


Stuck home stick, more things you'd rather be stuck between below the break.

Tuesday, November 17, 2015

Saturday, November 14, 2015

Friday, November 13, 2015

BeCos(play) It's Friday

 More not safe for the hydraphobic below the break, and as always bonus nerd points if your recognize characters.

Military News

The Obama administration demonstrated it's commitment to the army by replacing all of our out modeled tanks with this model.

Thursday, November 12, 2015

Wednesday, November 11, 2015

Armistice

 

I'm not getting a 1914 vibe yet but things are starting to get errily 1900's. I pray that I'm wrong about this and thank those past, present, and future who deal face the unfaceable and do the impossible. Thank you veterans.

Tuesday, November 10, 2015

Tuesday: Tap, Rack, and Bang

Since this young lady got some attention last week, more not safe to field strip below the break.

Friday, November 6, 2015

Thursday, November 5, 2015