Thursday, November 11, 2010

Happy Veteran's Day; remember 11-11 at 11:11 a. m.

These thoughts are mine. They may be shared by many but I am speaking for myself. If you are offended, it was not intentional. If you continually get offended by my positions and opinions, you should change, I doubt I will.
NOVEMBER 11, 2010

Happy Veteran’s Day. If you see a Veteran today, thank him or her    for their service and sacrifice to and for us all. I know I will. Thank you Harold, Glenn, Michael, Goose, Dome, Judge Tom Doherty-elect, Mickey, Eddie and every Veteran I know and have neglected to name.

Speaking of Judge Tom Doherty-elect, he was quick to point out to me I forgot an important birthday yesterday. His Email read;

Another notable birthday, the U.S. Marine Corps, Tun Tavern,
Philadelphia, PA, 1775. Congrats on the book!   Tom

Thanx Tom.

Also, yesterday was the 35th anniversary of the sinking of the Edmund Fitzgerald in Lake Superior, caused by the cold winds of November. “The Wreck of the Edmund Fitzgerald”, the 1976 song by Gordon Lightfoot made it famous, although those familiar with Great Lakes shipping knew about it. The ship, nicknamed “Big Fitz” and the “Mighty Fitz” broke in two during a winter storm on a voyage from Superior, Wisconsin to a port near Detroit, Michigan. The ‘Big Fitz’ never made it to Detroit. The crew of 29 perished and no bodies were ever recovered The ship had a checkered history of accidents at sea. It had been involved in at least five accidents on the water since it was christened in 1958.

 I will finish the Anheuser-Busch story today. The book I am writing about “Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon.” is a very good read, especially if you like American business history and success stories.

The III thought trusting another person was a flaw. He did not possess that particular flaw. He did not trust his son August IV, The Fourth, although be eventually gave control over to his son. The Fourth was a former party animal enjoying booze, broads and fast cars. As a young man, he routinely broke the cardinal rule for an athlete in training; no booze, broads or bikes. Around the office father and son were referred to as “Crazy and Lazy” When the Fourth showed his dad the Super Bowl commercials of the talking frogs, the III did not get the humor.

Budweiser hired the majority of its junior executives from the St; Louis area. They were down to earth people that enjoyed the perks bestowed upon them. This was returned to the company in loyalty. That turned out to be a one-way street.

When InBev arrived on the scene in 2008, it was known as a no frills operator, the Walmart of brewers.  The III was able to squeeze every dime out of the Brazilian company all the while knowing cost-cutting and layoffs would result from the sale. The powers were not concerned. Most of board, executives, lawyers and bankers would make millions from the deal. They did and the end of an American Icon was realized.

Don’t forget to buy my book. They are going fast.

BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010

Email: brucebrennanlaw@aol.com
www.brucebrennanlaws.com
Go to website below to buy books by Bruce A. Brennan

Wednesday, November 10, 2010

Bruce A. Brennan gets published

These thoughts are mine. They may be shared by many but I am speaking for myself. If you are offended, it was not intentional. If you continually get offended by my positions and opinions, you should change, I doubt I will.
NOVEMBER 10, 2010

BIG NEWS IS COMING FROM BRUCE A. BRENNAN SHORTLY. I WILL ADVISE YOU ONCE IT IS OFFICIAL.

IT IS HERE

I HAVE JUST PUBLISHED MY FIRST COMMERCIAL BOOK. IT HAS BEEN epublished. I am providing you with the webmall you can visit and download the book. It costs only $9.50, quite the bargain if I say so myself.

The name of the book is ‘Holmes the Ripper’ It is historical fiction, based on Jack the Ripper, H. H. Holmes and Lizzie Borden, among others. It is not graphic or pornographic. It is an adult read. Check it out.

As I said, this is my first novel published. I will improve in my skills but now you can get in on the ground floor. I have written for years but for business or my personal enjoyment. I have another full length book coming out in a few months. I have two others in various stages of production. I am a happy man today.

YOU CAN GO TO THE ADDRESS BELOW FOR FURTHER INFORMATION:

                                    http://ebooks.ebookmall.com/title/holmes-the-ripper-brennan-ebook.htm
Please check the book out. Tell all your friends. It makes a great Christmas gift, a perfect stocking stuffer.

Keith Olberman is a jerk. He thinks the rules do not apply to him. The people at MSNBC apparently do not have the intestinal fortitude to take him on. He rants and raves every night he is on the air against Republicans, FOX News, Bill O’Reilly and every one with money. Then, he secretly donates money to three Democratic candidates. He gets suspended for two whole shows. He then claims he did not know it was against company policy and says other people get away with it. How do you know any one is getting away with anything if you do not know it is prohibited activity?

The arrogant Mr. Olberman has said he is the star of the network and deserves special consideration. He claims he made the network what it is. What is it? The captain of the Titanic was probably a star on the ship also. What does that get you? It shouldn’t force the network into having two sets of standards. Perhaps Keith Olberman, the worst person in the world and MSNBC should look up the definition of standards.


Notable births on this date:

1483 Martin Luther Eisleben, Germany, founded Protestantism
1879 Vachel Lindsay Springfield IL, poet (Johnny Appleseed)
1925 Richard Burton South Wales, actor (Cleopatra, Virginia Woolf)
1935 Roy Scheider Orange NJ, actor (All That Jazz, Jaws)
1944 Dave Loggins singer (Please come to Boston)
1944 Tim Rice lyricist (Chess Moves, 1 Night in Bangkok)
1945 Donna Fargo NC, country singer (Happiest Girl in Whole USA
1948 Greg Lake rock guitarist (Emerson, Lake & Palmer-Tarkus)
1955 Jack Clark Pennsylvania, all star outfielder (Giants, Cards, Yanks, Padres)
1956 Sinbad comedian/actor (Different World, At the Apollo)
1959 MacKenzie Phillips Alexandria VA, actress (Julie-1 Day at a Time)
1961 Junior [Norman Giscombe], R&B singer (Mama used to Say)

Notable deaths on this date:

1982 Leonid I Brezhnev Soviet 1st sect, dies of a heart attack at 75
1984 Sudie Bond actress, dies at 56 of a respiratory ailment
1985 Pelle Lindbergh Philadelphia Flyer's goalie, dies in drunk driving accident

Notable events on this date:

461 St Leo I ends his reign as Catholic Pope
1674 Dutch formally cede New Netherlands (NY) to English
1775 US Marine Corps established by Congress
1801 Kentucky outlaws dueling
1808 Osage Treaty signed
1836 Louis Napoleon banished to America
1864 Austrian Archduke Maximilian became emperor of Mexico
1951 1st long distance telephone call without operator assistance
1989 Germans begin punching holes in the Berlin Wall
1989 Word Perfect 5.1 is shipped
1990 Lebanon releases 2 French hostages (Camille Sontag & Marcel Coudari)
1991 Marty Glickman broadcasts his 1,000th football game
2084 Transit of Earth as seen from Mars


1977 It was announced that Pope Paul VI had ended the automatic excommunication imposed on divorced American Catholics who remarried. (The excommunication was first imposed by the Plenary Council of American Bishops in 1884.)


BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010

Email: brucebrennanlaw@aol.com
www.brucebrennanlaws.com
















Tuesday, November 9, 2010

Good for you Pres. Obama

These thoughts are mine. They may be shared by many but I am speaking for myself. If you are offended, it was not intentional. If you continually get offended by my positions and opinions, you should change, I doubt I will.
NOVEMBER 9, 2010

Apparently Robert Gibbs does have a backbone. He made his point and did not back down from the officials from India who changed the ground rules in the middle of the game. The prior agreement said each nation could have eight reporters in with the heads of state. When India unilaterally changed the number to five, Gibbs would have none of it. He emphatically told the officials from India it was eight or President Obama was leaving NOW. They backed down. Eight reporters were allowed in and so far Pres. Obama has not apologized to India for America. Finally, CHANGE has come to the White House, or at least to Obama.

The book I mentioned yesterday, “Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon” by Julie MacIntosh is full of stories about the various father-son combinations who have run the Budweiser empire, mostly without much care for the other. Budweiser is one of the most recognizable brands in the world. It is more recognizable than McDonald’s, Disney or Apple, according to people who track that sort of stuff. The company had an estimated value of between 40 and 50 billion dollars around 2008. That is when an unwanted suitor came calling, looking to buy the company.

At the time of the takeover August Busch III was in charge. He had taken control from his father in 1975. The Busch family has controlled the company since it began. Headquartered in St. Louis, MO, the family ran the theme parks in Virginia and Florida, owned Shamu, the killer whale, employed in Florida. The company kept a stable of over 250 of the famous Clydesdale horses stabled around the country used for company promotions and commercials. The company had a staff of twenty pilots on call to fly the fleet of Dassault Falcon corporate jets. Every office with a refrigerator at corporate headquarters had it full of Bud, Bud Lite and Michelob.

In 2008, a Brazilian company, InBev put Anheuser-Busch in its sights for a takeover. The 40 billion dollar Busch resisted. The Third, as August Busch III is called, wanted more. He argued, negotiated and out maneuvered InBev until they agreed to pay $70.00 a share. That priced the takeover at 52 billion dollar, making it the largest all-cash acquisition in the history of the business world.

The Third, who had become loved in his over 27 years of running the business was a hero, even to his detractors. The Busch family members were already rich when InBev arrived on the scene, now they were super-rich, thanks to the Third. He had always been intimidating to his employees, especially the executives, because he generally knew more than they did and it was their field to be an expert in. At Corporate meetings, he ran the show because he could. In the takeover struggle, he ignored many of his advisors and came out ahead. He won again and everybody was along for the ride.

More to come later.

Notable births on this date:

1731 Benjamin Banneker Ellicott MD, black mathematician/surveyor (Wash DC)
1905 James William Fulbright (Sen-D-Mo
1913 Hedy Lamarr actress (Ecstacy, Samson & Delilah)- NOT HEADLEY
1918 Spiro Theodore Agnew (R) 39th VP (1973-77), crook NICE DESCRIPTION
1931 Whitey Herzog baseball manager (St Louis Cardinals)
1932 Carl Perkins singer (Blue Suede Shoes)
1934 Carl Sagan NYC, astronomer/author/professor (Cosmos, Broca's Brain)
1935 Bob Gibson Cardinal pitcher (Cy Young/NL MVP 1968) there was only 1
1969 Pepa rocker (Salt 'n' Pepa-Shake Ya Thang)
1974 Dah-ve Chodan actress (Tia-Uncle Buck)

Notable deaths on this date:

1953 Abdul-Aziz ibn Sa'ud founder of Saudi Arabia, dies (born c 1880)
1970 Charles DeGaulle French President, dies at 79
1970 William L Dawson (Rep-D-Ill), dies at 84
1988 John Mitchell former Attorney General, dies of heart attack in Washington
1991 Yves Montand actor, dies at 70 from a heart attack

Notable events on this date:

1526 Jews are expelled from Pressburg Hungary by Maria of Hapsburg
1799 Napoleon becomes dictator (1st consul) of France
1861 Battle of Piketon, KY
1862 US Grant issues orders to bar Jews from serving under him
1865 Conf Gen Lee surrenders to Union Gen Grant at Appomattox
1927 Giant Panda discovered, China
1953 Supreme Court rules Major League baseball exempt from anti-trust laws
1961 PGA eliminates Caucasians only rule
1965 5:16 PM, massive power failure in New Engl, & Ontario (NY blackout)
1971 John List kills family & moves to Colorado
1973 Ringo releases "Ringo" album
1982 Sugar Ray Leonard retires for the 1st time
1989 East Berlin opens its borders
1990 President Bush announces DOUBLING of US forces in Gulf


1538 German reformer Martin Luther declared: 'It would be a good thing if young people were wise and old people were strong, but God has arranged things better.'

1938 The worst Jewish pogrom in peacetime Germany took place as Nazi thugs led a "spontaneous" campaign of terror. During the night 267 synagogues were plundered, 7,500 shops were wrecked, 91 Jews were killed and 20,000 others were arrested and sent to concentration camps. It was afterward known as "Kristallnacht" because of the thousands of windows broken.

 BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010

Email: brucebrennanlaw@aol.com

 










Monday, November 8, 2010

Bears, Blog changes and Busch beer

These thoughts are mine. They may be shared by many but I am speaking for myself. If you are offended, it was not intentional. If you continually get offended by my positions and opinions, you should change, I doubt I will.
NOVEMBER 8, 2010

Checkout the website below. If you are from the Chicago area, it will bring back some good memories, at least it did for me. Everyone else should just spend a couple of minutes watching the video. You will like it.

I have added a few new links as well as new polls to the blogsite. Please peruse the site for the newest additions. One thing I have added is a link to Pandora.com. It is a Free Music site that allows listeners to setup their choice of music mixes to play. It is like having your own radio station. The site will play what you setup and other music similar in style or timeframe. The program works best from Google Chrome, Firefox or Internet Explorer. It works from aol but not as well. The site is;
                        http://www.pandora.com/
Go to the site, register for free and setup your favorite music. It will remember your stations.
The Bears won bur barely. They were playing a winless team and had to take the lead late in the fourth quarter. An interception with less than two minutes left sealed the victory.
It appears the way Dallas is playing now, the Bears win in week two in Dallas is not that impressive. The Bears have at least three other wins they should not have but they count now.
A very interesting book was released on November 1, 2010. It is “Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon” by Julie MacIntosh. She is a long-time writer for the Financial Times. The book in full of interesting and trivial facts that are fun to read and learn. It is not a feel-good tome about the Busch family. Just as a teaser, the Busch family is so immersed in the beer culture that it is a tradition, one still carried on today, that newborn male Busch babies are anointed with five drops of Budweiser on their lips after delivery.
I will write more about this book tomorrow.
Notable births on this date:
1656 Sir Edmond Halley 1st to calculate comet's orbit (Halley's Comet)
1900 Margaret Mitchell writer (Gone With the Wind)
1922 Esther Rolle Pompano Beach FL, actress (Florida-Good Times, Maude)
1924 Joe Flynn Youngstown Ohio, actor (McHale's Navy)
1927 Patti Page Claremont Oklahoma, singer (Tennessee Waltz)
1931 Morley Safer Toronto Canada, TV newscaster (60 Minutes)
1936 Edward G Gibson Buffalo NY, astronaut (Skylab 4)
1942 Angel Cordero Jr.  jockey (won over 6,000 races)
1949 Bonnie Raitt LA, singer/guitarist (Green Light, The Glow, Thing Called Love)
1951 Mary Hart Sioux Falls SD, TV hostess (Entertainment Tonight)
1952 Christie Hefner daughter of Hugh Hefner, Playboy CEO

Notable deaths on this date:

1308 Duns Scotus who coined the word "dunce", dies TOLD YA GLENN!
1933 King Nadir Shah of Afghanistan, assassinated by Abdul Khallig
1965 Dorothy Kilgallen columnist (What's My Line?), dies at 52
1978 Norman Rockwell artist, dies in Stockbridge, Massachusetts, at 84

Notable events on this date:

1789 Bourbon Whiskey, 1st distilled from corn (by Elijah Craig, Bourbon KY)
1793 Louvre in Paris, opens
1864 Abraham Lincoln elected to his 2nd term as President
1895 Wilhelm Rontgen discovers x-rays
1932 Franklin Delano Roosevelt (D) elected President for 1st time
1960 JFK (MA-D-Sen) beats VP Richard Nixon (R) for President
1967 Silver hits record $1.951 an ounce in London CHECK THE PRICE OUT TODAY!
1968 Cynthia Lennon is granted a divorce from John YOU THINK SHE WANTS A DO-OVER?
1974 Bundy victim (?) Debi Kent disappears in Salt Lake City, UT
1979 ABC broadcasts "Iran Crisis: American Held Hostage" with Frank Reynolds (the forerunner to "Nightline")
1988 George Bush (R) beats Mike Dukakis (D) for Presidency
1990 100,000 additional US troops are sent to the Persian gulf
1990 Saddam fires his army chief & threatens to destroy Arabian peninsula

BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010

Email: brucebrennanlaw@aol.com

Sunday, November 7, 2010

Don't Blame Zenyatta

These thoughts are mine. They may be shared by many but I am speaking for myself. If you are offended, it was not intentional. If you continually get offended by my positions and opinions, you should change, I doubt I will.
NOVEMBER 7, 2010
Well, well; in the first BC race on Saturday, my pick won. # 13, Pluck won the BC Juvenile Turf. The horse had to avoid trouble near the start when a horse in front of him slipped and fell. The horse had to be put down because of broken shoulder. The rider was fine. My pick, Pluck, paid $14.80 to win. In horse racing, the payout is based on a $2.00 bet. Therefore, I received $148.00 for my $20.00 win ticket.

So, after seven races, where I bet $20.00 each race, I have $148.00 in money returned. I  am up $8.00 for the entire race card. Not bad for being $140.00 down when the last race began.

The BC Sprint is next. I am betting # 11, Atta Boy Roy. He was in it for a while but didn’t win. He was apparently injured in the racer. Now down $12.00. After betting the next race, BC Sprint Turf, Unzip Me, # 4, I will be $32.00 down with the race still to run. I did not win another race until we got to the BC Classic, the Greatest Race of them all. I was at the betting position of having $132.00 on the line after betting the Classic. My betting was complete; I had one race left to watch.

The BC Classic had Zenyatta running in it. She was running her last race, retiring after this race. She was a perfect 19-0 having never finished a race when she didn’t have her picture taken in the winner’s circle. She was running against the boys in the Classic. She had done this before but not that often.

Zenyatta was the heavy favorite. Not only was she the best horse in the race, she has an enormous following of fans. She is based out of California and has a Hollywood personality. She prances and plays in the post-parade march (in horse racing the parade of horses leading from the paddock area-the barns-before the race is called the post-parade). She likes to whiney at the crowd likes to stay close to the other race participants. She is good; she knows she is good and she intimidates the other and their jockeys.

Her racing style is to settle in the rear of the horses, wait for them to tire out and then pour it on down the stretch with her fresh legs. She will race like this regardless of the jockey’s plans. She runs the race her way. Down the stretch, as she catches the leaders, she slows down enough to make sure they see her. She will run stride for stride with a leader, eyeball to eyeball. She stares ‘em down and in every race she has run, it has worked. The other horse always blinks first and slows down as she rushes to the lead. She is generally on the outside meaning her left eye is staring at the horse and the infield. The horse she is staring at is staring back, if it is, with the right eyeball. It is staring at Zenyatta and the crowd of people in the grandstands. The horse on the rail invariably gets intimidated and slows down.

Zenyatta is not the first horse to use its eyes as a weapon. The last Triple Crown winner, Affirmed did the same thing in 1978. It won each of the Triple Crown races by staring down the second place horse in each of the three races, Alydar, down the stretch. All three races were close with Affirmed winning all three. For the final race in the Tripe Crown, the Belmont, the trainer took the blinkers off Alydar hoping he would get a better view of Affirmed. He did but still finished second. These two horses ran against each other nine times through the Belmont with Affirmed having a 7-2 record.

Zenyatta had never raced against Blame before, until Saturday. Zenyatta started slowly and was in last for over one-half of the race, at one point over thirty lengths back. That is not unusual for a closer in a long race. The Classic is 1 ½ miles long, the classic American horse race distance and the same length as the Belmont.

Zenyatta started to move forward in the pack of horses. She easily caught the pretenders in the race. When Blame made his move for the lead, Zenyatta was in striking distance, about ten lengths behind Blame. With one hundred yards to go, the race was Zenyatta’s to win. She had done this numerous times in her career, catching the leader at the wire. Blame did not blink. Zenyatta caught him with twenty-five yards to go. Blame pushed forward. They were neck-and-neck, eyeball-to-eyeball. As their heads bobbed up and down, the horse with its head up had the lead. It was exciting, thrilling and captivating; a display being staged by animal athletes because they love to run not because they are paid millions of dollars to entertain us.

Zenyatta was not going to retire 19-1 She was going to win. Blame missed that press release. He won the race. Had Zenyatta stuck out her tongue like Michael Jordan famously did, she might have won. Blame was the winner. It was his day not o be denied. All the experts had picked Zenyatta, except me, but that is why we run the races. Experts are only experts when they are right. The last two days of betting showed me that.

Blame paid $12.40 to win. I got $124.00 for my ticket. Since I had $132.00 on the line, I ended up losing $8.00 for the two days. It was well worth it. I was a winner betting against Zenyatta.

BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010

Email: brucebrennanlaw@aol.com
http://www.linkedin.com/in/attorneybruceabrennan

Saturday, November 6, 2010

Breeder's Cup day 2

These thoughts are mine. They may be shared by many but I am speaking for myself. If you are offended, it was not i
NOVEMBER 6, 2010

Do not forget to set your clocks back at 2:00 a.m. Sunday morning. If you do not do it at 2:00 a. m. on Sunday morning, it will not work and you will be one hour off until next spring. Everyone will laugh at you for six months because it will be obvious to everybody why you are behind your time.

Let’s see how I did with yesterdays Breeder’s Cup picks. I bet every race $20.00 to win. Yesterday I bet $120.00 on the six BC races. As in any gambling, you do not count your money until the game is over. You do not want to be betting scared or just to get even. I will make an exception today and count my money.

The Australians cannot fly an airplane safely. The Cubans cannot fly an airplane safely. Many countries seem to be having a problem keeping planes in the air when they should be. The United States does not seem to have that problem, unless someone messes with the plane. The hassle at the airports still doesn’t seem worth it. I just might rather crash than ever have to fly United again.

Thank you, Bill Brady for getting out of the way. Now go back to Bloomington-Normal and stay there. It is obvious the rest of the state does not like you. You won the primary by less than 1,000 votes. Now you couldn’t beat Governor Jello. Your prospects are not real bright. A monkey with ears should have beaten Quinn.

TODAY’S BREEDER’S CUP RACES AND PICKS

I did not win a race yesterday. I am $ 120.00 in the hole starting today. No problem, I will come back strong, I hope. My picks for today are below. I will bet $280.00 in all, for both days and all races. As long as I have $280-.00 or more after the last race, I will have won overall.


  1. BC Juvenile Turf           1 mile               1:50 pm            #13 Pluck
  2. BC Sprint                     6 furlongs         2:30 pm            # 11 Atta Boy Roy
  3. Sentient Jet BC
Turf Sprint                          5 furlongs         3:15 pm            # 4 Unzip Me
  1. Bessemer Trust
BC Juvenile                        1 1/16 miles      3:55 pm            # 4 J P’s Gusto
  1. BC Mile                       1 mile               4:40 pm            # 9 Sydney’s Candy
  2. BC Dirt Mile                1 mile               5:20 pm            # 11 Mine That Bird
  3. Emirates Airline
BC Cup Turf                      1 ½ miles          6:00 pm            # 4 Debussy
  1. BC Classic                   1 ½ miles          6:45 pm            # 5 Blame

Now, take your money, go forth and propagate. If you do not recall the abbreviations or horse lingo, reread yesterday’s blog for a refresher course. GOOD LUCK!

Tomorrow’s blog will be back to normal, if I have a normal.

BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010

Email: brucebrennanlaw@aol.com




ntentional. If you continually get offended by my positions and opinions, you should change, I doubt I will.

Friday, November 5, 2010

FED, 'Sparky' and the Breeder's Cup

These thoughts are mine. They may be shared by many but I am speaking for myself. If you are offended, it was not intentional. If you continually get offended by my positions and opinions, you should change, I doubt I will.
NOVEMBER 5, 2010

Upland game hunting season starts Saturday, November 6, 2010, which also happens to be day two of the Breeder’s Cup Horse Racing Championships. I will not be around to write on Saturday but I will tout some horses later in today’s column.

The Federal Reserve is getting back into the economy, shaking up free enterprise. Isn’t it funny how Obama had the Fed wait until after the election but that is probably just a coincidence.

David Cassidy waited until after the election to get arrested in Florida. Said he was tired from an early morning funeral he attended. It must have been an Irish Wake.

George “Sparky” Anderson , rest in peace. You were a class act. He was the first Major League Baseball manager to win a World Series in both leagues. Tony LaRussa has since matched that feat. ‘Sparky’ was a class act in an industry filled with classless people. ‘Sparky’ you will be missed. The great ones are leaving us fast.

Let me get a grip on this. The FED, which does not manufacture anything and, therefore, its only source of revenue is borrowing, is going to buy up 600 billion dollars of its own debt.  So, the FED borrowed money by issuing bonds; it is now going to buy back some of those bonds to free money up for Wall Street firms. The FED borrowed money, paying interest, to buy its own securities thereby paying itself interest. This sounds like a bailout in the making. Leave the free enterprise system alone. Wall Street should live or die on its own dime not taxpayers dime.

The stock market is doing just fine. It usually does around election time. As I remember it, from my days at Illinois Wesleyan University, so the memory could be fuzzy, the first time the stock market broke 1,000 was the day before the 1976 election when Wall Street thought Gerald Ford would beat Jimmy Carter in the presidential election. Wall Street lived through that mistake and the country survived the Carter Administration, so I think we will survive this without the FED artificially propping up the markets.

The World Championships in horse racing begin today. The Breeder’s Cup has six races today. They will be shown on ESPN 2 starting at 3:30 p. m. eastern time. Today’s races and my picks are; (post times are projected Eastern Time)

1.      Breeder’s Cup Marathon  1 3/4 miles       4:10 pm           #12 A.U. Miner
2.      Breeder’s Cup Juvenile
Fillies Turf                               1 Mile              4:50 pm           # 10 New Normal
3.      Sentinent BC* Filly
and Mare Sprint                      7 Furlongs       5:30 pm           # 3 Secret Gypsy
4.      Grey Goose BC* Juvenile
Fillies                                       1 1/16 miles     6:10 pm           #7 Izshelegal
5.      Emirates Airline BC*
Filly and Mare Turf                 1 3/8 miles       6:50 pm           #7 Midday
6.      BC* Ladies Classic                       1 1/8 miles       7:45 pm           #10 Blind Luck
* Means Breeder’s Cup

Occasionally, horses get scratched before a race even though they are entered in the race. That will not change the rest of the rest of the horse’s numbers but the scratched horse will not run. The post positions will be moved but not the lineup order of the horses. Turf means the race is on the grass. Sometimes races are moved off the grass if the grass is too slippery. Fillies and Mares are female horses. A furlong is 1/8 of a mile.

The remainder of the Breeder’s Cup Races will be run on Saturday beginning at 1:50 pm Eastern Time. They will be televised on ESPN and ABC. I will post my picks by 1:00 pm tomorrow.


BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010

Email: brucebrennanlaw@aol.com