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Nerves of Steel

[Please note: The word “Featured” on the left side above was NOT inserted by this blogger, but apparently was inserted by WordPress, and it cannot be removed. NO post in this blog is sponsored.]

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

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.

The Rascal King

“He had a stake in leaving basic problems unsolved, the better to manipulate the frustration that meant votes to him.”

-written of James Curley– the Massachusetts politician who labeled the state’s Democratic convention as “crooked” when he wasn’t nominated for governor in June 1934.

The Book of the Week is “The Rascal King, The Life and Times of James Michael Curley (1874-1958), An Epic of Urban Politics and Irish America” by Jack Beatty, published in 1992.

In November 1874, Curley was born into a poverty-stricken family in Boston. He made politics his career. By 1884, organized crime among politicians had become excessive. A good-government group called the Mugwumps sought to return ethical behavior to politics. In Massachusetts they voted for Grover Cleveland rather than James G. Blaine. The former was the presidential candidate with the less dishonest reputation.

Additionally, Massachusetts copied the British in introducing a civil service system by which government workers were hired based on test scores, rather than patronage from politicians. However, the tests were (deliberately given) in the English language– not understood well by immigrants.

In 1902, Curley co-founded a men’s political club with his fellow Irish Catholics that competed with the previous local Party boss’s. They knew all the tricks for winning elections.

One trick consisted of camping out all night at the polling place so that the next day, election day, he and his cronies could get their candidates listed first on the ballot, where immigrant voters would be more likely to check their names. So, third-party candidates would do well to remind all voters repeatedly not to be trigger-happy– to scroll down on the ballot to see the names of candidates for whom they really want to vote.

A reelection trick his administration pulled was to mail cards bearing the alleged signatures of competing candidates of Curley, to voters in a district where numerous voters were to vote against him. Those cards listed the wrong polling location.

In 1914, Curley was elected mayor of Boston. He soon began living high on the hog, despite his low government pay. For instance, his mansion was renovated by sweetheart contractors. He traveled internationally on cruises for long stretches to the West Indies and Europe. In connection therewith, taxpayers paid for his and his family’s luxury transportation.

Curley claimed he was a victim of discrimination against Irish Catholics when his political rivals accused him of corruption. But, unsurprisingly, he was a hypocrite, as he encouraged scapegoating when it was politically expedient for himself.

In the 1930’s, Massachusetts’ Finance Commission investigated Curley for financial crimes. He had become such a powerful Party boss by then, he was able to fire troublesome members of the commission, and replace them with his allies. He did the same with the State Tax Appeal Board.

Curley’s two major accomplishments in his state consisted of creating (patronage) jobs, and beginning construction projects. However, starting with the Great Depression, Massachusetts began losing manufacturing jobs in textiles and shoes.

In June 1947, in one last desperate attempt to beg for the mercy of the court at a sentencing hearing for the criminal case against him, Curley’s lawyers recited a laundry list of medical problems from which Curley suffered. He was a very sick old man at age 72. But he ran for office again and again, anyway.

The author remarked that into the twentieth century, local politicians were able to get votes by handing out patronage jobs and financial assistance. But when the federal government began to administer programs to help the disadvantaged and senior citizens– such as Medicaid, Medicare and Social Security– local officeholders lost that power. The Reagan Era’s cuts to federal entitlements saw the local political bosses regain some of their power. That is one reason low-level politicians are fighting so hard against national healthcare!

Read the book to learn much, much more about Curley’s antics and adventures in various capacities during his long, long political career.

ENDNOTE: From the 1920’s into the 1930’s, some Americans suffered through administrations of at least two elected officeholders who became despots of an entire state: Huey Long of Louisiana, and James Curley of Massachusetts. As of 2020, a formerly elected candidate (Donald Trump) is attempting to become an all-powerful leader over the entire country (and the world).

But– unlike past leaders, Trump has yet to be fully punished for his numerous misdeeds, wasn’t shamed into resigning, and will never be shamed into behaving better. Fortunately, the nation’s economy is doing well enough so that he can’t blame a Great Depression on his successor.

The nation may have economically benefited from all this political fighting, as so many Americans in politics, the law courts, the media and the entertainment industry owe their jobs to it! Secondly, Trump began his political career late in life, during which aging is taking its toll on the functioning of his brain. Enough said.

Toast at the Borderline – BONUS POST

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

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.

Nightline

The Book of the Week is “Nightline, History in the Making and the Making of Television” by Ted Koppel and Kyle Gibson, published in 1996. The TV show Nightline, and this book were aired and published during the Reagan Era and president Bill Clinton’s first term, prior to the historical revisionism and 20 / 20 hindsight of even more modern times– during which politics is even more sophisticated. And when political awareness is higher than ever, due to social media’s pervasiveness.

In November 1979, Koppel began to host on ABC News at 11:30pm, what he thought was slated to be a temporary show, on the Iran hostage crisis. Thanks to videotape and satellites, he was able to feature a few different people who could talk to one another live, simultaneously, halfway around the world. By March 1980, this format had evolved into a news-analyzing talk-show called Nightline.

One of many moments in which viewers got to see major historical events happening right before their eyes, was the April 1980 eruption of Mt. St. Helens in the state of Washington. In 1985, Koppel and his crew televised a week of episodes in South Africa on apartheid, in color, and black and white. Actually. Also in 1985, in simulcasting another set of shows in a violence-prone area, they commemorated the 10th anniversary of the U.S. pullout from Vietnam. “Le Du Tho and Henry Kissinger, co-winners of the 1971 Nobel Prize, together again for the first time.” In 1988, they went to Israel to cover the never-ending dispute between the Israelis and Palestinians.

Al Campanis had played baseball with Jackie Robinson in 1946. In April 1987, the former became a victim of cancel culture after he made some unpopular comments on Nightline. “The bigger problem for baseball was that Campanis had inadvertently revealed an ugly truth about racial attitudes in the front office, and firing him wasn’t going to end what was now a national debate.”

Read the book to learn of numerous other episodes of an educational late-night TV show that was obsolesced by the changing times in America.

Mr. Republican – EXTRA BONUS POST

Here’s an update on the American political situation.

MR. REPUBLICAN

sung to the tune of “Mrs. Robinson” with apologies to Simon and Garfunkel.

The smear’s on YOU, Mr. Republican.
Females hate you more than you will know.
What do you mean, NO?
Stop the misogyny please, Mr. Republican.
Plenty of legal cases still to play.
Yay, yay, yay.
Yea, yea, yea.

We know all too well, about you and your wives.
With all you do, you hurt yourself.
Look at how others see you. You’ll see no sympathetic eyes.
All your polling hounds
will bring the message home.

Attacking in a sensitive place where every frat boy goes.
Go back to middle school with your behavior.
It’s not a secret. Old-boy Republicans are there.
Worst of all, you’re brainwashing the kids.
Spew, spew, spew, spew, Mr. Republican.
Females hate you more than you will know.
What do you mean, NO?
Stop the misogyny please, Mr. Republican.
Plenty of legal cases still to play.
Yay, yay, yay.
Yea, yea, yea.

Watching the idiot box spout the same old platitudes,
saying the Dems will lose the race.
MouthPIECES of the GOP,
rant and rave on-the-“news.”
Having ONLY angry white male voters, you LOSE.

Where have you gone, good-government intellectuals?
Our nation turns its lonely eyes to you,
muckrakers, too.
You’re still complaining, frat-boy Republicans,
though Sleepy Joe has left and gone away.
Oh, happy day.
You’ve lost your way.

Shadow

“… the isolated and powerful imperial presidency was over. The nation seemed to be falling in love with its new Midwestern president.”

-NOT January 2025, but August 1974. Regardless of where he (or she) is from, though, the absolute best American presidential candidate would have maximum life-experience, knowledge and wisdom, but still be lucid and sane.

The Book of the Week is “Shadow, Five Presidents and the Legacy of Watergate” by Bob Woodward, published in 1999. This primer on presidential power-struggles was written toward the end of the Clinton Era–prior to the historical revisionism and 20 / 20 hindsight of the resurgence of American presidential power.

President Jimmy Carter made a campaign promise that his administration was going to behave morally. Yet, in summer 1977, his budget director Bert Lance got in trouble for personal financial conflicts and hypocrisy. In 1978, Carter signed the Ethics in Government Act, some aspects of which turned out to be a can of worms for later presidents. Pursuant to the Act, an independent counsel was to be appointed to investigate illegal behavior of a president when there was probable cause. However, in the next two decades, overzealous, viciously vengeful, legally wily government officials abused their power to launch witch hunts. Any counsel appointed could never really be “independent.”

The Justice Department has the authority to investigate wrongdoing by a president. Nonetheless, the Department serves under the president, who is presumably considered innocent until proven guilty. But, most of the time, the president’s political enemies clamor for the administration to appoint the “independent” counsel (a prosecutor) whose job is to find wrongdoing.

By the summer of 1995, the above conundrum dogged president Bill and first lady Hillary Clinton. “The FBI couldn’t investigate itself. The White House was at the center, and the Justice Department also would have zero credibility investigating its own bureau or the White House.” “Independent” counsel Ken Starr twisted the Ethics in Government Act for his own purposes in instigating the tabloidy probes into Whitewater business transactions, the White House travel office activities, Vince Foster’s death, and later on, Bill Clinton’s sex life.

In May 1997, the Supreme Court unanimously ruled that a private party could bring a civil suit against a president still in office. Thus, the Paula Jones case could proceed. Even so, at that time, now-Supreme Court justice Brett Kavanaugh believed that Ken Starr was abusing his power as an independent counsel in maximally, mean-spiritedly probing the Clintons. Bill Clinton didn’t help his cause, though, by launching vigorous denials and counterattacks, instead of coming clean.

Anyway, read the book to learn of how post-Watergate presidents handled the changing political times in connection with presidential power amid increasing partisan hostility. As is well known, the more things change, the more they stay the same. Excesses reach a screaming crescendo; dissatisfaction reaches critical mass, and the people say, enough’s enough.

In order to boost their ratings (and profitability), the media incessantly teases Americans with propagandizing, incitement and phoniness. But, not to worry. When the nation is at its breaking point, there will be surprises. Again, DO NOT be fooled by Trump’s “new Nixon” act. Here’s what’s actually going on.

THE MINDS THEY ARE A-CHANGIN’

sung to the tune of “The Times They Are A-Changin’ with apologies to Bob Dylan.

Protect your history books YOU have at home,
beCAUSE revisionists around you have grown.
Stop fretting. Soon our government’s fate will be known.
If you vote, it’s democracy you’ll be saving.
It’ll be really exciting, you’ll see a new tone.