Friday, May 29, 2009

Costco snubs Wall Street

Thumbs up to Costco for disappointing Wall Street analysts like moron David Schick who thinks that the way to run a business in tough times is to cut employees rather than profits. Costco apparently knows better.

The idea that speculator profits come first, and employees and customers second, is what got us into this current mess. America has to move past the idea that traders who merely buy previously owned shares in a company but contribute no new capital or useful work are a privileged class who are entitled to anything. They should be the lowest class, like India's untouchables. Be thankful you get anything when all you did was buy shares that were previously owned. Trading paper is not work and adds no value.

Ignoring fluctuating stock prices and focusing on business fundamentals as Costco and a few other companies are doing is what will get those companies through this recession and out the other side in decent shape.

Monday, May 18, 2009

Family bike ride

Yesterday afternoon we had our first family bike ride of the year.

Before the ride, I had to get down all the bikes, test them out, make adjustments, and mount them on the carrying rack.

We also needed new bike helmets and bike gloves so we stopped by Fred Meyer to pick those up. Then we drove to Soos Creek Park in Kent and started the ride.

The ride started well, and our girls did better than I expected, Caitlin in particular seemed to really enjoy the nature along the trail.

LeAnne had a nasty fall while crossing a bridge, and banged up her elbow. Her bike and mine both have pedal cages which I started using a few years ago when I did a two-day charity ride in Idaho. Cages increase efficiency for long rides, but for stop-and-go riding they are not very helpful. One of the cages caught the ground which caused her fall. I will be removing the pedal cages before our next ride.

LeAnne's elbow was swollen badly yesterday and she was unable to move her arm most of the day. This morning the swelling was down and she was able to move the arm much better. She has a doctor visit scheduled today, but nothing appears to be broken at this point.

Despite the accident, the ride was a success overall. Both Caitlin and Hailey enjoyed it and did well. I also enjoyed getting the bikes ready to go. Next month we will be on a biking vacation for several days in the San Juan Islands, we'll be taking several more bike rides in the coming weeks to get ready for that trip.

Update: LeAnne is now fully recovered from her fall. And the pedal cages are gone.