Powder Blue Report

News, finance, politics, sports, and fun from the west coast

Wednesday, April 27, 2005

Escaping Justice

Friday is the third anniversary of Los Angeles sheriff deputy David March getting shot and killed by Armando Garcia. Mr Garcia fled to Mexico and to this day is till there because of Mexico's intransigence on the issue. They will not extradite Mr Garcia back to US because they know he will get the death penalty and we just can't have that happen according to Mexico. There will be a candlelight vigil Friday at the Irwindale Speedway Grandstand Parking Lot at 5pm in memory of David. Congressman Tom Tancredo will be there as well as John & Ken from KFI. Please write and call your congressman and women and put preasure on them to do something about this. Oh and President Bush, you might want to give your pal Vincinte Fox and ask him WTF is going on. It's been three years and there has been no help coming from the federal government. Please visit
escaping justice to also view all the others that have killed US citizens and have also fled to Mexico for cover.

Los Angeles, Mexico ??????

Apparently some Spanish TV station here in L.A. has taken it upon themselves to drop the CA after Los Angeles on the billboard and instead inserted Mexico in. I think it's a smart marketing campaign for them. Nevermind the fact that it is a complete insult to all legal US citizens. They obviously know that L.A has half the population of Mexico living here, so why not take advantage of it and pander to your demographic. If they had any tact, they would take it down, but they probably won't unless they are forced to. If I were Clear Channel, I would demand that it be taken down(they are the ones who own the billboard). I don't think it's a coincidence either that Antonio "The Mexican socialist" Villaraigosa is going to be the next mayor of LA. Why don't we just give LA back to Mexico. Then they can inherit all their citizens back and give them all the services they want.

Monday, April 25, 2005

Minutemen Go To Washington

After their stunning success keeping watch on the Southeastern Arizona border, the minutemen are in D.C this week to testify before a congressional committee. Their op down on the border was a media circus which was what they were hoping for. They got a huge amount of publicity from all the MSM vultures hoping for that "train wreck" , but it never happened. All the minutemen were well behaved. The media went down there because they thought the minutemen were going to be actively hunting illegal aliens, but all they did was observe and call in tips to the Border Patrol. Joining them in DC are the dynamic duo of John & Ken of Los Angeles powerhouse talk radio station KFI. They are going to be giving the congressmen and women sleepless nights for the next couple of days.

Saturday, April 23, 2005

NFL Draft Day

Since NFL football is still a few months away, it's always nice to get a quick fix by watching their draft this morning. Football is absolutely my favorite sport to watch on TV or to be there in person like I did when I was growing up. We had season tickets to the Rams games for about ten years. I am still a diehard fan to this day even though they happen to play in St Louis now. I get a kick out of watching all the analysts on ESPN handicap the picks like are experts. Mel Kiper Jr acts like a know it all. There haven't been any surprise picks today so far, but the day is young. The best pick of the day so far in my opinion is Detroit picking former SC' wideout Mike Williams. You remember Mike Williams, the guy that got screwed by both the NFL and the NCAA. I think he has a huge chip on his shoulder and is going to have a great career.

Tuesday, April 19, 2005

Joseph Ratzinger ........Habemus Papam

The next Pope of the Catholic church is Cardinal Joseph Ratzinger of Germany. He named himself, Benedict XVI. This selection is going to upset all the liberals because this new Pope is well known to hold very conservative views regarding church doctrine. He was John Paul II right hand man. It is not much of a surprise that he was elected. I and many others considered him the frontrunner from the beginning.

Monday, April 18, 2005

Ted Nugent Unplugged at Annual NRA Meeting

Love him or hate him, Ted Nugent is an outspoken individual. I happen to love him. This past weekend at the NRA's annual meeting in Houston, Ted got up on stage and set the audience on fire. Here is a little of what he said....
"Remember the Alamo! Shoot 'em!" he screamed to applause. "To show you how radical I am, I want carjackers dead. I want rapists dead. I want burglars dead. I want child molesters dead. I want the bad guys dead. No court case. No parole. No early release. I want 'em dead. Get a gun and when they attack you, shoot 'em." ......I happen to agree with that sentiment. Get rid of all those scumbags. He also encouraged people to sign up ten friends with the NRA in the next year..."Let's next year sit here and say, 'Holy smokes, the NRA has 40 million members now,'" he said. "No one is allowed at our barbecues unless they are an NRA member. Do that in your life."

Friday, April 15, 2005

Keep The Fillibuster

All the talk of "going nuclear" in the Senate is making me nervous. I'm all for moving Bush's judges through the Senate, but it would be a very pyrrhic victory. The democrats are going to shut the Senate down. Why not just leave the rules as is and make sure we get five more GOP senators next election cycle and then we won't have to worry about the rule. I sure as hell want the fillibuster still around the Senate because one day the GOP might be in the minority again(hopefully not) and they will need it to stop all the liberal judges that are sure to be nominated if someone like a Hillary gets elected President with a democrat Senate majority. I am definately not taking the party line on this issue. I understand that it is a huge issue for the base, but that's the way I feel. I don't see how you separate the judicial fillibuster from the legislative one. Most people are stupid and can't understand the difference between the two even though Sen. Frist and others have great arguments on why he wants to push the nuclear button.

The L.A Times Is Fading Fast

I just read on Drudge the story that circulation at the Los Angeles Times is down a big 5%. That is huge for a fishwrap to bleed that many customers. (sarcasm on)It couldn't be happening to nicer organization(sarcasm off). For a good rundown on how horrible this daily is, goto Paterico's page. I grew up reading the Times. Every time I think they're hitting bottom, they come right back and surprise me with more bad reporting/editorials, but these circulation numbers are icing on the cake. I hope they realize one day what really bad paper they are. I won't hold my breath.

Sunday, April 10, 2005

Newsflash.....Tiger Woods is Good

Just another day at the office for Tiger. Chris DiMarco actually made him sweat a little, but Tiger calmly birdied the first sudden death playoff hole and that was the end of it. This is Tiger's first major in about three years or something. Bottom line though is the guy is still good. No one has ever caught him when he has the lead going into the final round. The guy is a closer. He may drink coffee if I may quote Alec Baldwin from "Glengary Glenross". My sister left me a voicemail from Augusta after it was all over. She was at the 18th green to see him win it.

Saturday, April 09, 2005

Modern Portfolio Theory

Modern Portfolio Theory has been around for a long time. It basically says that investors should diversify among asset classes because it will increase your returns while lowering risk. A perfect example of this right now is real estate. Real estate is an asset class. Alot of people(myself included) have made alot of money in real estate the last few years. I know as everyone else should, that this market will not go on forever. With modern portfolio theory, ideally investors will have some of their money in the stock market, some in real estate, some in managed futures/hedge funds, some in bonds, some in cash, and maybe some in precious metals. This type of portfolio will not have the wide swings in equity like if you were in say 100% in stocks or whatever. This type of well allocated portfolio has also been shown that it will produce better returns over time. To learn more about this just click the link at the beginning of this post or call me to discuss it. As always, my number at the office is (888)959-9955. Ask for Allan, thanks.

Interest Rate Futures

In case anyone has been asleep the last year, you might have noticed that short, intermediate, and long term interest rates are really trending higher. As I have said before, this is a great time to jump on the short side(that means to bet that rates will go higher still in the future for those of you in Rio Linda,CA) of the market. Mr Greenspan et al continue to state in their Fed minutes that there bias is to keep raising rates. Just jump on the bandwagon and you will probably make some serious cash(no guarantees however). How do all you people feel with variable rate mortgages feel right now? Did you know that you can hedge your rate exposure on your mortgage with futures? You can, and I will teach you how. Just give me a call at the office(888)959-9955 and ask for Allan.

Thursday, April 07, 2005

Three Cheers For The Minutemen

Jim Gilchrist couldn't have hoped for a better outcome than what is currently happening with his minutemen brigade down on the Arizona/Mexico border. The media are in complete meltdown mode covering his groups lawful activities. They have received a huge amount of publicity in bringing attention to our porous border problem. The plan is working great because the number of illegals coming across the border is way down. Word spreads fast through the illegal immigrant community. I'm sure they are embellishing stories of people being chased, shot or harrassed by the minutemen. The legend grows. President Bush should also apologize to the minutemen for calling them vigilantes. That was a ridiculous statement.

Monday, April 04, 2005

My Favorite Subject...The Lakers

It's time to pull the plug on this experiment Mitch Kupchak. It is just to painful to watch. When a pet has a terminal illness, the only decent thing to do is put it out of its misery. This is what needs to be done to the Lakers. They are beyond repair. They went from having the most dominant player(Shaq), the best GM(Jerry West), the best coach(Phillip) and the best overall player in the league to just having the best player in Kobe. Nice Job Dr. Buss. You couldn't have shot yourself in the foot any better than a firing squad could have. Please I'm begging you, put this team out its misery.

Saturday, April 02, 2005

R.I.P Pope John Paul II

I was saddened today by the death of the Pope. I was born and raised a Catholic. Even though I disagree with a few of the church's teachings(birth control being the biggest), that doesn't mean that I lost respect for the Pope. In fact one could argue that this man has had the greatest impact in the world during his long tenure. Maybe even more than Ronald Reagan. The Pope and President Reagan had great synergy together. They both had the goal of ending communism and we know how successful they were in that endeavor. It is going to be very hard for someone to fill John Paul's shoes, but no one in life is irreplacable, even a Pope like John Paul. So let us go forward and celebrate his life and all of his accomplishments.