My American Dream

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The Book of the Week is “My American Dream, My True Story As An Undocumented Immigrant Who Became A Wall Street Executive” by Julissa Arce, published in 2016.

The author was born in 1983 in Taxco, Mexico. In 1994, she moved with her parents to San Antonio, Texas on a tourist visa. Because she was going to school (a private one) she was actually living in the U.S. illegally. Her parents (who were legal immigrants) didn’t understand the implications of such a situation. They simply wanted her to get a good education. Americans’ tax dollars weren’t even paying for it.

The upshot, though, was that Arce never got a Social Security Number, and couldn’t get any kinds of government or financial services: healthcare, a driver’s license, a bank account, or financial aid when she applied to go to college.

By living in the United States, Arce’s foreign status became her single biggest life-problem, especially when she was in her late teens. That problem led to others. If she moved back to Mexico, she most likely would be unable to return to the United States for at least ten years, unless laws changed.

Arce needed to earn “off the books” money to support her family, and pay her mother’s medical bills. On top of that, she had a drunk, abusive father. She was accepted to a college at the last minute, based on academic and student-participatory merit, and thanks to a new Texas state law. As is well known, many students are accepted to schools based on “legacy” or alumni-bribery practices, or on athletic rather than academic merits.

After many more hardships, the author got a job in the real world. She initially omitted the inconvenient fact that fake identity papers would allow her to work at the job only until she got caught for having a fraudulent Social Security Number. It appears that both her employer and the IRS turned a blind eye to her situation, as the former was able to pay her less than it would a non-foreign employee. BUT her employer was still withholding taxes from her paycheck. So why should her employer fire her? She was a model worker. She had to be– she was under the constant threat of deportation. She had to try harder than everyone else to please everyone.

Fortunately, several people in Arce’s life gave her good advice:

  • get the best education she could;
  • always strive do be the best at whatever she did– regardless of what it was;
  • be persistent;
  • associate with the appropriate people;
  • be professional at all times; and
  • continually socially network.

Arce was actually a shameless social climber, but she also showed she was a team player– unselfish with her time and talents. When the author achieved the pinnacle of what she perceived to be success, she wrote, “I felt normal– just another drunk Wall Street analyst on Stone Street on a Friday night.” And yet, she realized she still wasn’t truly happy.

Read the book to learn much, much more about Arce’s life experiences, and additional (true!!!) information (not emotionally-charged political propaganda) about immigrants in America.

Jailing – BONUS POST

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As is well known, Donald Trump is forever spewing hatred against all kinds of people other than white Christian males. As the presidential election winds down in the next two months, many people are drooling at the prospect that he might actually be locked up, not just fined. This would still be a tiny amount of punishment if he’s truly guilty of all the crimes of which he’s been accused.

This is the next development in the political soap opera. In politics, turnabout is considered fair play. The ultimate fantasy some people have is that Trump will end up like Jeffrey Epstein. If not, they’ll settle for his ending up like Paul Manafort or Michael Cohen– both of whom were subjected to ugly conditions in jail as revenge.

Here’s a little ditty on the situation.

JAILING

sung to the tune of “Sailing” with apologies to Christopher Cross and Universal Music Mgb.

Well, it’s not rocket science to analyze
Trump’s fall from grace lately.
If adverse winds bite, he’ll lose his way, and know humility.
Oh, political-canvassing can do miracles, just you wait and see.

Study history.

He’s always in never never land,
no reason to pretend.
And if you just wait it out, you’ll see the joy of leaders, working for YOU again.
Oh, political-canvassing can do miracles, just you wait and see.

Study history.

JAIL-ing would take Trump away to where some think he’s always DEserved to be.
His former teams were nobodies. THEY weren’t all sprung free.

Candidacy. It brings out the haters, you see.
But Trump’s jailing…

THAT would show democracy.

His whole world is a cacophony, of all that is SLI-my.

JAIL-ing would take Trump away to where some think he’s always DEserved to be.
His former teams were nobodies. THEY weren’t all sprung free.

Well, this country’s coming back to sanity.
Trump’s fallen from grace lately.
If adverse winds bite, he’ll lose his way, and know humility.
Oh, political-canvassing can do miracles, just you wait and see.

Study history.

JAIL-ing would take Trump away to where some think he’s always DEserved to be.
His former teams were nobodies. THEY weren’t all sprung free.

Nerves of Steel

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The Book of the Week is “Nerves of Steel, How I Followed My Dreams, Earned My Wings, and Faced My Greatest Challenge” by Tammie Jo Shults, published in 2019.

The author, born at the dawn of the 1960’s, grew up in New Mexico and Colorado. For two years, military men in the recruitment offices of the Air Force and Navy told her she wasn’t allowed to become a pilot in their services because she was female. That was a lie. In March 1985, she was (finally!) inducted into the Navy, due to her chance meetings with honest men. She graduated near the top of her training class. Of course.

Shults was passionate about and good at, piloting aircraft, but she had to endure numerous indignities and conditions perpetrated by her bosses that were even more life-threatening than they should have been, because she was female. She was cool under fire, and her Christian faith saw her through those stressful and traumatic times of her life. Strangely, a religious quote in her book indicated she believed her God is a male!

Anyway, after her Navy service, she transferred her super flying skills to a job fighting wildfires in California. In the mid-1990’s, she learned to fly a piston-engine plane (different from the military aircraft she had been flying). She engaged in surveillance missions to alert firefighters and others on the ground to situations that were more dangerous than usual; dispensed red mud to put out the fires; and spread fertilizer so as to facilitate the growth of new vegetation.

The third leg of the author’s piloting career involved getting a job at a commercial airline. The GI Bill paid for her training in a 737 jet. Compensation and benefits for women in the military and pilots’ union are equivalent to the mens’, but in some quarters, women are still treated as second-class citizens by men who don’t like “girls” to invade their fraternity.

Infuriatingly for American women, Congress is still one such place where there are a bunch of powerful men, so even if a female were to be elected president, those men would automatically smear her, and vote against everything she did.

As is well known, presidents have had to make serious compromises in civil-rights legislation in order to further their own mandates. Attitudes are very, very difficult to change, as almost every facet of American life began with a bunch of white alpha males:

  • the Founding Fathers;
  • Wall Street;
  • the military and law enforcement;
  • professional sports;
  • science and technology;
  • business and industry;
  • most of the licensed professions, etc.,

except for areas involving family, household chores and jobs in the arts and entertainment.

So it should not have been surprising that the author encountered yet more gender discrimination with her new employer– in the late 1990’s. Read the book to learn much, much more about Shults’ ordeals and triumphs that show that America is making slow, slow progress in workplace gender equality. Unfortunately, not fast enough for politics. Not yet.

As is well known, in the 1960’s, there were impatient civil-rights activists who believed that resorting to violence would facilitate the enactment of equality-legislation. After the American Civil War to date, white males have threatened and resorted to violence in order to hinder the enactment of equality-legislation.

Not to worry. There is still plenty of time for progressive historical events this election season. Currently, it’s like the start of the fourth quarter of football games, but fans, like voters, need only check the last five minutes of the games to see the winners. Turning off the idiot box for the next month will prevent a lot of emotional trouble. There’s no need to despair, as there might just be a quarterback such as Tom Brady who will step in late in the game. Thank goodness for the last minute. If it weren’t for the last minute, nothing would ever get done.

The Trading Game

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The Book of the Week is “The Trading Game, A Confession” by Gary Stevenson, published in 2024. This blogger highly encourages the reader to peruse the entire “Wall Street” and Economics categories of this blog in order to gain a better understanding of financial matters and economics.

In March 2007, the 1987-born author began working on the Fixed Income Trading Floor at the Short Term Interest Rates Trading Desk in the Foreign Exchange section of Citibank in its London branch. He had grown up in a tough, poor neighborhood in East London. He beat the odds for someone of his demographic group, considering the fierce competition in both getting accepted to a prestigious university and getting a job in currency trading.

Stevenson nurtured an aspiration to make lots of money. Fortunately, his talent and hard work in mathematics allowed him to score high on standardized exams. He attended the London School of Economics where he rubbed shoulders with mostly male, wealthy elitists whose fathers gave them a leg up in life, and whose futures were almost guaranteed to be bright. At school, when he won a game involving hypothetical securities trading, Stevenson’s life turned around. For, he won an internship which turned into a career.

After a few lucky breaks and bold moves on his part, the author was just hitting his stride in work-experience when he happened to be at the right place at the right time to earn extremely large financial gains from a triple-whammy disaster. In March of 2011, about twenty thousand people died in Japan due to an earthquake, tsunami and nuclear meltdown of three power plants. Amidst the resulting financial turmoil and previous turmoil of the 2008 worldwide financial crises, Stevenson made a percentage of the millions upon millions of dollars he earned in currency trading for Citibank.

Stevenson alone in his department had been correct in gaming the situation. Everyone else had been wrong and they lost money. Nevertheless, he was still emotionally troubled. He bore two major similarities with Alan Turing– another genius: social dysfunctionality, and indifference to how he looked and what he wore.

Stevenson was one of the proverbial three kinds of people (geniuses in the minority)– the kind who knew what was happening and made things happen. The vast majority account for the other two kinds of people– brainwashed, unwashed masses who watched what was happening, and then still wondered what happened.

In the early 2010’s, the author came to the realization that there would NEVER be economic recovery of any financially-struggling countries in the European Union while the Swiss National Bank kept interest rates at or below zero. The other traders in his department optimistically kept repeating that interest rates HAD to rise sooner or later, because they had bet wrong.

But, the tiny percentage of the super-wealthy, super-powerful people of the world sought to maintain the then-status quo, because it made THEM even richer, and the poor, poorer, as the cliche goes. The income inequality of the world would eventually result in a slave-based economy (as existed in ancient times) all over again.

Read the book to learn much more of Stevenson’s personal and professional life, and his times. As is well known, the United States is one of the major economic superpowers of the world, and its politics are part and parcel of that. Here’s a little ditty on its momentary political situation.

LET THE BEST TEAM WIN

sung to the tune of “Let the River Run” with apologies to Carly Simon, BMG Gold Songs C’est Music and Tcf Music Pub Inc.

[Spoken: We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.]

Let the best team win.
Let’s all peaceFULly watch the changes.
Come the new, new Washington.

Brilliant ideas rise.
The media lies, about, and smears them.
And celebs get themselves in your face.

It’s asking for the taking,
blaming, deep-faking.
Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

Through the hate and all.
It’s who we are:
Place a trail of desire
on the White House lawn.

It’s asking for the taking.
Just hold on now.
Democratic convention will be a show
you’ve never even seen in political history.

Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

It’s asking for the taking,
blaming, deep-faking.
Oh, Americans are aching.
We’re all on edge,
waiting for the savior,
gaping with alarm
at the immature behavior.

Let the best team win.
Let’s all peaceFULly watch the changes [watch the changes]
Come the new, new Washington.

Toast at the Borderline – BONUS POST

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This is what Trump will be singing the next three months. It’s ALL he’s got, unluckily for him.

TOAST AT THE BORDERLINE

sung to the tune of “Close to the Borderline” with apologies to Billy Joel.

CrowdStrike-crash, heat wave, D-P-M-S, SHOTS, were fired.
I’m not dead, but Harris made the border-crisis, very dire.
JD was standing there witnessing how the crisis is taking, its toll.
Migrants slip through. They’re all criminals.
It’s Harris’ fault, says every poll.
Just for me, women have-to pretty-their-face,
The black people get, special TREATment for their race.
I get attacked be-cause Secret Service is-n’t around.
They’re a disgrace. Under-my-rule, better-men are found.
Life is rough, but I’m so tough.
I cry no tears at any time.
I survived, I’m still alive, but

with Harris, we’re toast at the borderline, uh huh, toast at the borderline, huh, uh huh.

Oh, all-you-see are criminals and the homeless in blue-states these days.
And Biden raised PRICES on gas. He was terrible, so terrible, in SO many ways.
Rich man, poor man, I’ll keep-away the tax man, when I get elected this round.
With the Democrats– well, we’re gonna ALL go to hell with their next big meltdown.
I got remote control and a color TV.
Those troubles at the border, we all can see.
I got real truthful friends. The Democrats LIE.
They don’t know how to lead. On a Marxist-agenda they rely.
I’m so great. I can’t deny.
I started-a-revolution. I didn’t even try.
Don’t know why I’m still a nice guy, but

with Harris, we’re toast at the borderline, uh huh, toast at the borderline, huh, uh huh.

I’ve had to sacrifice so many things. The Democrats are throw-ing it all away.
They don’t know how to do anything.
The border is wide open, it gets worse every day. Whoa, whoa, whoa, whoa, whoa, whoa, whoa.

I need to teach JD my mad skills.
I need a lawyer for my Witch Hunt bills.
I need a banker to finance our debt. But Democrat support, I’ll never get.

Isn’t new what they put me through, but everybody knows I’ll make us great again. Another night I fought the good fight, but

with Harris, we’re toast at the borderline, uh huh, toast at the borderline, huh, uh huh,
toast at the borderline, line, line, line, huh, uh huh…

Cobb

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The Book of the Week is “Cobb, The Life and Times of the Meanest Man Who Ever Played Baseball, A Biography” by Al Stump, published in 1994. Born in December 1886, Cobb grew up in Royston, Georgia.

In 1904, with big-league dreams, Cobb began “paying his dues” in semi-professional baseball. It was employment-at-will. The team paid his travel expenses to away-games at stadiums around southern states via horse-and-buggy in all sorts of weather. The food consisted of bean soup, hog jowls and grits.

Throughout his baseball career, Cobb behaved badly in various ways to get attention and his name known and remembered. He took full advantage of every opportunity to make his own stats look good, although he himself was a social outcast on his own team. He was a man of supernatural ability in both hitting and fielding, and he groomed his legend to the maximum.

Early on, Cobb got himself thrown out of the game for shoving, and spitting on the umpire. He began many a bench-clearing brawl. He repeatedly, anonymously wrote letters of shameless self-promotion to then-famous sports writer Grantland Rice at the Atlanta Journal to get his name in the paper, because his team was too low-level to be covered by the media.

Cobb pioneered various kinds of slides while base-stealing, in ways that would intentionally plant his sharpened metal cleats into basemen’s legs, to injure them, and make them drop the ball. No rule against that dirty trick was imposed during his career. He acted the drama queen– moving the second-base bag closer to third base by kicking it a few inches in mock frustration. Cobb would loudly comment on the game in order to psychologically rattle opposing players.

Americans were shocked when they learned a couple of years after the scheme was executed, that some Chicago White Sox players sought to financially benefit from deliberately losing the 1919 World Series because organized crime figures organized gambling on the games.

In 1921, Cobb simultaneously played for and managed the major league Detroit Tigers. He was a hypocrite, banning his team (except himself) from playing golf, and during spring-training, ordering practice on Sundays. He himself didn’t show up for the latter, as he was visiting the minor league teams he co-owned in Rhode Island and Georgia.

“One corrupt game in every 300? Club owners blanched at that news. They had covered up the rewards systems, allowing it to pervade a game believed by millions of Americans to be on the square. Now, the outcome was shameful disclosure.”

Just as dishonesty waxes and wanes over decades in various areas of American life, it’s time to clean it up again in politics. BUT– only after one big burst of phony outrage spikes media ratings in the next few months, as American society values overpaid noisemakers (talking heads) on the idiot box and sports figures, more than: passionate teachers, sincere public servants, whistleblowers, and muckrakers pushing for social justice.

It is no accident that it’s more expensive than ever to be an idiot these days. Prior to cable TV (beginning in the 1950’s), the price of a TV set included the vast wasteland of entertainment and ads via pure broadcasting. For most Americans, watching TV now entails the purchase of an overpriced monitor and on top of that, payment of a monthly installment forever (!) to receive that vast wasteland (which still includes ads!), for more choices. That installment helps pay the obscene salaries of the said overpaid noisemakers and sports figures. The idiot box and radio pay people to talk. And certain politicians pay people not to talk.

Anyway, read the book to learn much more about Cobb’s family life and career– the man, the myth, the legend.