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John T. Reed’s news blog

My new 2018 Lexus LC 500

Posted by John Reed on

Got my new car today. As I was about to leave, an employee of the dealer saw it and gave me a big thumbs up. Seemed like more than a standard nice gesture to a customer.When my oldest son saw it, he said, “That is a heck of a lot cooler than your old car.” ‘It’s gorgeous!” Later, I was sitting in it on the street in front of my house reading the manuals and trying the various buttons, switches, and dials—871 pages of manuals! Our neighbors came home and stopped in the street instead of going into their garage....

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Food by Fedex is better and CHEAPER than visiting most local restaurants

Posted by John Reed on

My recent post about cream of crab soup and South Jersey cinnamon buns got me to thinking. The East Coast, Gulf Coast, and midwest have lots of local delicacies, most of which can be ordered by FedEx.   Is that ridiculously expensive? Not really. I can get great New England clam chowder at Red Lobster. The closest one is 25.5 miles from me one way, 51 miles roundtrip. AAA says it now costs an average of 60.8¢ a mile to operate a car. That means the cost of commuting to that Red Lobster is 51 x 60.8¢ = $31. Plus,...

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Repeal and replace, etc. do not matter. The U.S. government is headed for entitlement bankruptcy.

Posted by John Reed on

What will the U.S. federal government do in its inevitable financial death throes due to out-of-control entitlements. Probably similar to states and other countries who are farther down that road.   IL, in the worst financial shape of any state, is now raising its maximum income tax rate. Is that the proper solution? Probably not. They need to cut spending especially on pensions and health care for state government employees.   Raising tax rates runs the risk of pushing IL rates past the peak of the Laffer Curve. That is a graph that shows increasing rates increases revenue as the...

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Please help me identify would-be identity thief

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Who owns the phone number 805-421-0325? I ask because my bank said there appeared to be an identity theft attempt from there earlier today. Around 7PM, I got a call from that area code. I saw it appear on my TV because we have Comcast phone service. TV said the caller was in Santa Paula, CA 93060. I was not able to answer it fast enough.About five minutes later, my other line rang. The caller said he had just tried on the first number a few minutes before. Uh huh. Network Solutions? He claimed to be from Network Solutions, the...

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Amazon is a bridge troll, a rent seeker

Posted by John Reed on

The long 6/29/17 Wall Street Journal article about Nike deciding to sell through Amazon is excellent. (“Retail Shift Pushed Nike to Amazon”—Google it).Nike refused for years because they thought the graphics on the Amazon site were too crappy to properly display a branded product like Nike products. I suspect they also did not want to give Amazon such a cut. Unauthorized Amazon sellers The third parties selling Nike products on Amazon without authorization were buying them in tiny batches—to avoid detection by Nike—from authorized Amazon distributors on sale and such then selling them for slightly more. They also bought them...

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