Culture Shock
AdventureMan and I have discovered we have lived overseas for so long that we suffer from a little culture shock every time we come back to the United States. We come back two or three times a year, so you would think we’d be keeping up on everything, but things change and we fall behind, especially when we are not living here.
Here are some things – like nobody writes checks anymore. I’m not exactly sure what people do. One time, before I had my burner phone, I went in to Verizon to activate an account, and when I went to pay, the woman looked at my $100 bill (most of which was going to activate my account) and her mouth formed a little “o” and after a pause she said “oh, I don’t think we have change for that here.”
I said “there isn’t going to be that much change!” as I think it was going to come to like $89 something, but she laughed and said “but no-one pays with cash anymore!”
I was really embarrassed. “How do they pay?” I asked, and she said “Everyone pays by credit card.” “No problem,” I responded, “I can pay by credit card,” which I did and everything was cool. Then I started watching, and everyone was paying by credit card, maybe a few with debit cards, but usually the debit card machines were malfunctioning, I don’t know why.
We know a lot of the young people don’t have land lines into their homes anymore, and that makes sense to us. We aren’t sure how people connect for television – it seems there are a lot of different ways, so how do you figure out which is the best? And some have phone, cable and internet all bundled together, and you pay one bill . . . again, how do you know which is the most cost effective?
If people don’t write checks anymore, how do they pay their bills? I have been doing some bill paying online, which sure is convenient when you live in Kuwait and have bills to pay in the USA, but is that how normal people pay their bills, like utility bills? Magazine subscriptions? And if you do that, how do you keep track of things for taxes, when you don’t have checks to back you up?
It’s almost overwhelming, trying to figure all these things out.
In some areas, I feel like I am anti-too-much. Like I don’t want a GPS in my rental car – I know the area, and I know how to use a map to figure out where I need to be. I know how to use GoogleMaps! Sometimes the GPS things are just distracting to me. I have a bad feeling that makes me old fashioned.
This morning, my first back in Seattle, it was raining softly. I was glad; a little rain helps keep Seattle green. On the other hand, I had thought I would go for a walk, and the steady light rain was a little too much rain for walking – for me, anyway. There were a lot of Seattle people out walking – they wear rainhats, lightweight rainproof jackets – and shorts!
Gas is running around $4.59 a gallon, in contrast with 80 cents a gallon in Kuwait. 😦
Love and Money
I love this article, from the July 13 Business Section of the New York Times. The author looks at love from an analytic point of view. Good reading, interesting ideas. Altogether, a delightful and intriguing read.
By BEN STEIN
Published: July 13, 2008
AS my fine professor of economics at Columbia, C. Lowell Harriss (who just celebrated his 96th birthday) used to tell us, economics is the study of the allocation of scarce goods and services. What could be scarcer or more precious than love? It is rare, hard to come by and often fragile.
My primary life study has been about love. Second comes economics, so here, in the form of a few rules, is a little amalgam of the two fields: the economics of love. (I last wrote about this subject 20 years or so ago, and it’s time to update it.)
•
In general, and with rare exceptions, the returns in love situations are roughly proportional to the amount of time and devotion invested. The amount of love you get from an investment in love is correlated, if only roughly, to the amount of yourself you invest in the relationship.
If you invest caring, patience and unselfishness, you get those things back. (This assumes, of course, that you are having a relationship with someone who loves you, and not a one-sided love affair with someone who isn’t interested.)
•
High-quality bonds consistently yield more return than junk, and so it is with high-quality love. As for the returns on bonds, I know that my comment will come as a surprise to people who have been brainwashed into thinking that junk bonds are free money. They aren’t. The data from the maven of bond research, W. Braddock Hickman, shows that junk debt outperforms high quality only in rare situations, because of the default risk.
In love, the data is even clearer. Stay with high-quality human beings. And once you find that you are in a junk relationship, sell immediately. Junk situations can look appealing and seductive, but junk is junk. Be wary of it unless you control the market.
(Or, as I like to tell college students, the absolutely surest way to ruin your life is to have a relationship with someone with many serious problems, and to think that you can change this person.)
•
Research pays off. The most appealing and seductive (that word again) exterior can hide the most danger and chance of loss. For most of us, diversification in love, at least beyond a very small number, is impossible, so it’s necessary to do a lot of research on the choice you make. It is a rare man or woman who can resist the outward and the surface. But exteriors can hide far too much.
•
In every long-term romantic situation, returns are greater when there is a monopoly. If you have to share your love with others, if you have to compete even after a brief while with others, forget the whole thing. You want to have monopoly bonds with your long-term lover. At least most situations work out better this way. ( I am too old to consider short-term romantic events. Those were my life when Lyndon Johnson and Richard Nixon were in the White House.)
•
The returns on your investment should at least equal the cost of the investment. If you are getting less back than you put in over a considerable period of time, back off.
•
Long-term investment pays off. The impatient day player will fare poorly without inside information or market-controlling power. He or she will have a few good days but years of agony in the world of love.
To coin a phrase: Fall in love in haste, repent at leisure.
•
Realistic expectations are everything. If you have unrealistic expectations, they will rarely be met. If you think that you can go from nowhere to having someone wonderful in love with you, you are probably wrong.
You need expectations that match reality before you can make some progress. There may be exceptions, but they are rare.
•
When you have a winner, stick with your winner. Whether in love or in the stock market, winners are to be prized.
•
Have a dog or many dogs or cats in your life. These are your anchors to windward and your unfailing source of love.
Ben Franklin summed it up well. In times of stress, the three best things to have are an old dog, an old wife and ready money. How right he was.
THERE is more that could be said about the economics of love, but these thoughts may divert you while you are thinking about your future.
And let me close with another thought. I am far from glib about the economy. It has a lot of pitfalls facing it. As workers and investors, we know that many dangers lurk in our paths.
But so far, these things have always worked themselves out and this one will, too. In the meantime, they say that falling in love is wonderful, and that the best is falling in love with what you have.
Ben Stein is a lawyer, writer, actor and economist. E-mail: ebiz@nytimes.com.
“But You Don’t Even Drink Coffee!”
“But you don’t even drink coffee!” I exclaimed to AdventureMan as he utilized the miracle of modern technology to pick up some shares of Starbucks, which had plunged to unbelievable depths.
“No, but they have shown they are quick on their feet,” he responded, clicking away on his online-investing account. “I like the way they cut their losses quickly, and they are always looking for new twists to keep their customer base coming back.”
We have very few investments in individual stocks; most of our money is in funds. When we do invest in individual stocks, we choose stocks we have a personal interest in, like, for me, Amazon. I read books. I buy books. It makes sense to me.
If you have ever studied decision making, you learn that people make decisions – on a personal level, on a financial level, on a national level – based on irrational criteria. We can put together a matrix, we can put together a decision-making process, we can get all the pros and cons – and when the decision has to be made, other factors come into play.
The perfect suitor, good family, good character, hard working and handsome might be rejected because you don’t like his cologne.
The perfect candidate for the job, well qualified, having a magnetic personality, a great track record – may be rejected because the manager has an unidentified fear that the candidate could outshine him/her.
Nations go to war for irrational reasons. We understand rational processes – and then we bypass them.
We have a mental list of how we will rationally make a decision – and then we have the primitive brain undermining our rational choices.
Or that is how I see it.
The truth as I see it is that I am happy he bought shares in Starbucks because it is a Seattle company. I love going into Starbucks, seeing people sitting around drinking coffee, tutoring students, old folks passing the time, couples getting to know one another – on a cold, rainy day in Seattle, a cup of Starbucks tastes great. I vote for Starbucks for emotional reasons.
I have my favorites, and you never see them here in Kuwait. At Thanksgiving / Christmas, they have a Gingerbread Latte, and they have a Peppermint Mocha. I adore them.
With Ramadan coming up, they should put together a Ramadan cup of coffee, for after Ifthar, don’t you think? Maybe a little cardomon in it, maybe a little cinnamon?
Cormac McCarthy and No Country For Old Men
“Did you get a chance to watch the DVD?” I asked my friend, “because I have the book, and the book is SO much better. You understand so much more.”
“No! No! I started, but I could not watch it,” said my friend, “It was too violent!”
No Country For Old Men was a very violent movie, done by the Coen Brothers. I reviewed it HERE. When we finished watching the movie, I called our son and said “what happened? I’m not sure I understood what happened!” and indeed, there was a lot I missed. My son didn’t tell me anything – he bought me the book. On one of those long Seattle – Amsterdam – Kuwait flights I read it, and at the end – WOW.
My friend hit the nail on the head – the movie was violent, because the book is about violence, about violence in our societies, about increasing violence, violence without conscience, violence with no understanding of suffering of the victims, violence for no purpose, violence with no meaning, no goal, violence, literally, at the flip of a coin.
The movie is an indictment of violence, taking a circumstantial event and building an entire plot around it, a drug trade gone bad. There are a lot of deaths in this movie, most of them just for being in the wrong place at the wrong time and tangling with people who have no morals, no scruples, no compass by which they live. Even money matters less to the drug dealers, and their employees, than an arbitrary code that takes tribalism to the limit – us or them.
The main character, a sheriff and grandson of a sheriff, takes on a case that leads him to wonder more and more if his service to his community and fellow human beings is even making a difference. He ponders on the changing character of Texas, of youth, and how we are raising our children. It is thought-provoking and unforgettable.
I understand someone, not the Coens, are currently making a movie of an earlier book I read by Cormac McCarthy, The Road which is another bleak story. There is an elemental relationship between the father and son, the father is all goodness and protection in a world driven to brutality and unimaginable behavior by an apocalyptic event.
In No Country for Old Men there are decent, moral, sweet relationships, faithful marriages, men of honor who serve their fellow-man as law enforcement officers, men who have served their country as soldiers, etc. but the point McCarthy seems to be making is that the decent people in the world have little hope of surviving against those who band together in gangs using brute force to get what they want.
No country For Old Men is available from Amazon.com for $11.20 + shipping or from $6.00 used. Yes, I own stock in Amazon.com. 🙂
Business Magnet
These are all so common I hardly post them any more, but I really liked it that this guy’s dad was a “business magnet.”
From: Sihem Aldouri
Ivory Coast West Africa
Dearest One,
Based on your profile I’m happy to request for your assistance and also to go
into business partnership with you, I believe that you will not betrayed my
trust which I’m going to relay on you.
I am Sihem Aldouri 19 years old and the only daughter of my late parents
Mr. and Mrs David Kouame.My father was a highly reputable business magnet-(a
cocoa merchant)who operated in the capital of Ivory coast during his days. It is
sad to say that he passed away mysteriously in one of his business trips abroad
in Europe year 12th.Febuary 2005.Though his sudden death was linked or rather
suspected to have been masterminded by an uncle of his who travelled with him at
that time.
But God knows the truth! My mother died when I was just 8 years old, and
since then my father took me so special before his death on February 12th 2005
he called the secretary who accompanied him to the hospital and told him that he
has the sum of Ten Million five hundreds thousand United State
Dollars.(USD$10.500.00) left in a security company in a metallic trunk box, but
the security company didn’t know the contents because it was registered as
family valuables items for security reasons.
I am just 19 years old and a university undergraduate and really don’t know
what to do. This is because I have suffered a lot of set backs as a result of
incessant political crisis here in Ivory coast. The death of my late father has
actually brought sorrow to my life.
Sir/Madam, I am in a sincere desire of your humble assistance in this
regards. Your suggestions and ideas will be highly regarded. For you to assist
me in this transaction I will offer you 15 percent of the total sum. please if
you have any question to ask me about this transaction do not delay to contact
me on my above email address. I await your urgent response as soon as possible.
Thanks and best regards.
Yours Truely.
Sihem Aldouri.
Hmmmm, let’s see, what is 15% of 10.5 million? Hmmm. . . .AdventureMan could retire. . . . and when we get the money from Publisher’s Clearing House . . . we will like like kings!
A Day When Kuwait Looks Really Good
This day started off really early, because Mom and Sparkle are leaving on a two day road trip to the BIG EVENT in Silicon Valley. Yep, I noticed my hotel is just down the street from the Apple Headquarters for the entire world. This is going to be fun!
I wanted to get the documentary shots and I also wanted to get some laundry done before I head for the same wedding, but I am flying, so I have an extra day here. Mom and Sparkle needed to drive, they have significant clothes, clothes for every event, important clothes, important shoes, important make up and accessories, and then more clothes for the road trip drifting along the Pacific Coast all the way back, so they needed to have a wagon to haul all their clothes.
Besides – a road trip . . . road trips are always fun! Sparkle loves to drive, and Mom always loves a trip, especially a trip with a wedding in it.
Bye, Mom! Bye, Sparkle!
I don’t have a lot of laundry, it takes me maybe a couple hours, and then I leave, deciding to fill the tank today as I will drive straight to the airport tomorrow. This Jeep uses more gas than my normal car, even though it seems to be about the same size. When I get to the tank, however, the pump keeps going and going and going and my eyes get bigger and bigger and bigger.
For those of you who do not live in Kuwait, an oil producing country with world class cars, we pay about 80 cents a gallon for our gas. My little SUV, which I fill every now and then, takes about ten gallons when I fill it. So I normally pay around $10.00 max to fill my car, and that is when I drift in on fumes.
This is what I paid today:
And you know how in movies when they open a bank vault, you can hear all kinds of whirrs and levers and things falling into place?
You would have heard that today, as my brain whirred and clicked and chunks of information fell into place:
° The big grin when the car rental guy said he was doing me a big favor and upgrading me to an SUV at no additional cost to me.
° The huge herd of SUV’s waiting in the auto rental pick-up place; not a normal rental car in sight.
° My mother and sister driving to San Jose, overnighting along the way, and God only knows how often they will have to fill the tank – although they ARE driving a hybrid, and that should help a little. Still, it makes my flight a real bargain, especially since I booked and paid back in January before the huge increases hit.
Buying gas in Kuwait is a THRILL! Buying gas in Seattle is heart-stopping!
The second thing I noticed that makes Kuwait look really really good is you know how we have been talking about the beautiful cool weather and the rain?
I took one outfit out of the dryer still very damp; I do it all the time in Kuwait, take them out, shake them, hang them up and they dry beautifully, and I don’t have to iron very much. In Kuwait, things dry really Really REALLY fast. Like a cotton dress, even fresh out of the washer, will be dry in one hour.
Hours later, this little cotton outfit taken from the dryer in Seattle, is still cold and damp around the seams. I’ve even ironed and the seams are still damp. Maybe if I hang the outfit overnight in the warm bathroom it will be dry enough to pack tomorrow. Maybe I should microwave it? Or maybe I can pack it damp and then pull it out of the suitcase as soon as I get to San Jose and hope it will dry before my flight back to Kuwait?
Money Magazine’s Advice to Indiana Jones
I could hear AdventureMan chuckling in the living room and I called out “what’s so funny?” He came into the kitchen and read me a small tongue-in-cheek article from Money Magazine discussing financial and career advice for fictional character Indiana Jones (the new movie will open May 22, WOO HOOOO!)
Unsolicited Advice for a Mid-Career Adventurer
After nearly two decades away, the big screen’s most adventureous archaeologist will once again be dodging bullets and laughing in the face of danter when Indiana Jones and the Kingdom of the Crystal Skull opens on May 22. It’s more fun than the average middle-aged guy gets on the job. Bit in returning to the jungle himself, career coach Cynthis Shapiro says, Indy isn’t exactly being whip-smart. An entrepreneur his age ought to think about taking on more of a management role.
° Be the Boss
Jones ought to delegate the dirty work and manage other treasure hunters for a cut of the take. That leverages his experience and gets him out of the snake pit.
° Choose a Successor
In this flick he gains a young sidekick (Shia LeBeouf) a protege whom he can train to head field ops one day. Meanwhile, he has plenty of contacts in exotic locales to hire as staff.
° Make the case
So clients don’t balk, Jones should play up his staff’s experience and the fact that local help lowers expenses. If he plays it right, profits rise and risk falls. That’s the holy grail. (Kate Ashford)
I always thought Jones was a university professor, so I figured he was funded by grants. And archaeologists – isn’t that what they do for fun, get their hands dirty? Go to the field? We got a good laugh from the Money magazine perspective, and we also think that not all success is to be measured in terms of money and moving up the ladder. Indiana Jones might experience a lot of job satisfaction by being the hands-on guy in the field!
NBK Shines
We complain about our banks and we write about all the goofs and stupid policies, so it is only fair, when a bank does something right, to share that side of the story, too.
I was invited yesterday to the Mother’s Day celebration benefitting Operation Hope and the Animal Friends League. I used to do fundraising, so I am always interested in just how much of the ticket price will actually benefit the charity.
It was a glorious event, from start to finish. More than 160 gathered to celebrate Motherhood and to support Operation Hope and Animal Friends. During the meal, hostess Sheryl Mairza from Operation Hope announced that because NBK had stepped up to the plate and covered the cost of the breakfast, the entire cost of every ticket would go to benefit the two charities.
WAY TO GO! It is every fundraiser’s dream to find generous corporate sponsors, so that not a penny is wasted and every – oops – fils can go toward the intended charity. Bravo,NBK! I don’t know if banks get tax incentives in Kuwait, as they do in the US. In the US, we know that most major corporations have designated charitable funds and it is our job to encourage them to donate those funds our way. It is by far more difficult to get corporate sponsorship in a country where there may not be such significant tax benefits. Again, Bravo NBK. Thank you for sponsoring Operation Hope and Animal Friends, and for covering the cost of the breakfasts.
Who Will Tell the People?
This was the #5 e-mailed article from this week’s New York Times. It is a hard-hitting warning to Americans in an election year, and it has some analogies to election time in Kuwait.
By THOMAS L. FRIEDMAN
Published: May 4, 2008
Traveling the country these past five months while writing a book, I’ve had my own opportunity to take the pulse, far from the campaign crowds. My own totally unscientific polling has left me feeling that if there is one overwhelming hunger in our country today it’s this: People want to do nation-building. They really do. But they want to do nation-building in America.
They are not only tired of nation-building in Iraq and in Afghanistan, with so little to show for it. They sense something deeper — that we’re just not that strong anymore. We’re borrowing money to shore up our banks from city-states called Dubai and Singapore. Our generals regularly tell us that Iran is subverting our efforts in Iraq, but they do nothing about it because we have no leverage — as long as our forces are pinned down in Baghdad and our economy is pinned to Middle East oil.
Our president’s latest energy initiative was to go to Saudi Arabia and beg King Abdullah to give us a little relief on gasoline prices. I guess there was some justice in that. When you, the president, after 9/11, tell the country to go shopping instead of buckling down to break our addiction to oil, it ends with you, the president, shopping the world for discount gasoline.
We are not as powerful as we used to be because over the past three decades, the Asian values of our parents’ generation — work hard, study, save, invest, live within your means — have given way to subprime values: “You can have the American dream — a house — with no money down and no payments for two years.”
That’s why Donald Rumsfeld’s infamous defense of why he did not originally send more troops to Iraq is the mantra of our times: “You go to war with the army you have.” Hey, you march into the future with the country you have — not the one that you need, not the one you want, not the best you could have.
A few weeks ago, my wife and I flew from New York’s Kennedy Airport to Singapore. In J.F.K.’s waiting lounge we could barely find a place to sit. Eighteen hours later, we landed at Singapore’s ultramodern airport, with free Internet portals and children’s play zones throughout. We felt, as we have before, like we had just flown from the Flintstones to the Jetsons. If all Americans could compare Berlin’s luxurious central train station today with the grimy, decrepit Penn Station in New York City, they would swear we were the ones who lost World War II.
How could this be? We are a great power. How could we be borrowing money from Singapore? Maybe it’s because Singapore is investing billions of dollars, from its own savings, into infrastructure and scientific research to attract the world’s best talent — including Americans.
And us? Harvard’s president, Drew Faust, just told a Senate hearing that cutbacks in government research funds were resulting in “downsized labs, layoffs of post docs, slipping morale and more conservative science that shies away from the big research questions.” Today, she added, “China, India, Singapore … have adopted biomedical research and the building of biotechnology clusters as national goals. Suddenly, those who train in America have significant options elsewhere.”
Much nonsense has been written about how Hillary Clinton is “toughening up” Barack Obama so he’ll be tough enough to withstand Republican attacks. Sorry, we don’t need a president who is tough enough to withstand the lies of his opponents. We need a president who is tough enough to tell the truth to the American people. Any one of the candidates can answer the Red Phone at 3 a.m. in the White House bedroom. I’m voting for the one who can talk straight to the American people on national TV — at 8 p.m. — from the White House East Room.
Who will tell the people? We are not who we think we are. We are living on borrowed time and borrowed dimes. We still have all the potential for greatness, but only if we get back to work on our country.
I don’t know if Barack Obama can lead that, but the notion that the idealism he has inspired in so many young people doesn’t matter is dead wrong. “Of course, hope alone is not enough,” says Tim Shriver, chairman of Special Olympics, “but it’s not trivial. It’s not trivial to inspire people to want to get up and do something with someone else.”
It is especially not trivial now, because millions of Americans are dying to be enlisted — enlisted to fix education, enlisted to research renewable energy, enlisted to repair our infrastructure, enlisted to help others. Look at the kids lining up to join Teach for America. They want our country to matter again. They want it to be about building wealth and dignity — big profits and big purposes. When we just do one, we are less than the sum of our parts. When we do both, said Shriver, “no one can touch us.”
Rolls Royce and Lamborghini Dumped
From today’s Arab Times:
Rolls Royce and a Lamborghini dumped in a desert
Kuwait : Police found two luxurious cars — a Rolls Royce and a Lamborghini — worth KD 200,000 dumped in a desert area, reports Al-Anba daily. Reportedly, the cars were stolen from a rental office about 20 days ago. Personnel from the Criminal Evidences Department lifted fingerprints to identify the culprits.
Does anyone else find this funny? I mean funny, hahahaha, not funny strange, or weird. I mean it IS weird, it is so weird, but it makes me laugh.
In a little village in Washington State, there was a huge snowstorm a few years ago, and the roofs in the yacht club collapsed from the weight of the snow, collapsed on all those big fine yachts, and the citizens of the little village gathered and laughed. Boat moorage in their own little village had gotten so expensive, they couldn’t afford it, so these were all other people’s boats. And they just laughed.
200,000 KD worth of car in two cars. Just dumped in the desert. Seems kinda wasteful, doesn’t it?
Recent Comments
intlxpatr on Shampoo Ginger tigerbutterya0c5ff1d… on Shampoo Ginger intlxpatr on British Soldier Kidnapped, Esc… John on British Soldier Kidnapped, Esc… intlxpatr on British Soldier Kidnapped, Esc… Wikipedia Donate Button
Amazina
Early Voting in Florida
