Why are Middle East countries apparently going broke today over the current price of oil when it was selling in this same range as recently as 2004 (when adjusted for inflation)?
They adjusted their budget to match their income. The Saudis are determined to maintain market share. They are selling the same volume of oil accepting a lower price. So their spending budget is now greater than their income. They have plenty of reserves and they are adjusting their budget slowly.
Imagine if you got a promotion, kept the position for 11 years, and during that time period took out a mortgage, bought an expensive car with big payments, and incurred other large expenses that you didn’t have 11 years prior. Now imagine you lost that job and your salary went back down to what you were earning over a decade ago. You would probably have a hard time paying your big mortgage and expensive car off right?
(CavemanCircus.com)
Tuesday, November 3, 2015
The Inspiration For The Hit Song
The lyrics of Bob Marley’s “No Woman, No Cry” are officially credited to his childhood friend Vincent “Tata” Ford, who ran a soup kitchen in the Jamaican ghetto where Marley grew up. Marley gave Ford credit for writing the song so that the royalty payments could keep the soup kitchen open (article)
(CavemanCircus.com)
(CavemanCircus.com)
Monday, November 2, 2015
More Proof On Why We Can't Get Out Of Debt As A Country
The U.S. Gov't Spent $43 Million On A Gas Station That Should've Cost $500,000
Building this gas station should have cost $500,000. Instead, the U.S. military spent $42,718,739 and can’t explain why.
(Jalopnik.com)
Building this gas station should have cost $500,000. Instead, the U.S. military spent $42,718,739 and can’t explain why.
(Jalopnik.com)
This Gullwing Is A Beauty & A Beast
'55 Mercedes Gullwing racer expected to sell for $6 million
RM Sotheby's has a Gullwing up for auction. Not just any Gullwing, but one of just four prepared by the factory for racing. And it's expected to fetch $6,000,000, (give or take a million) when it crosses the auction block next month in New York.
Chassis number 5500640 is billed as "the rarest and most desirable W198 Gullwing ever presented for public auction," and it's not hard to see why. It was used for both racing and testing purposes, including an entry in the notoriously grueling Tour de France by none other than Sir Stirling Moss. He placed it second only to the Marquis de Portago in his Ferrari 250 GT TdF, often outperforming the Ferrari in stages of the event. It was in the possession of one owner since 1966, who stored it for 40 years before passing it on to his son in 2008, who in turn underwrote a comprehensive three-year restoration project and has now put it up for auction.
(AutoBlog.com)
RM Sotheby's has a Gullwing up for auction. Not just any Gullwing, but one of just four prepared by the factory for racing. And it's expected to fetch $6,000,000, (give or take a million) when it crosses the auction block next month in New York.
Chassis number 5500640 is billed as "the rarest and most desirable W198 Gullwing ever presented for public auction," and it's not hard to see why. It was used for both racing and testing purposes, including an entry in the notoriously grueling Tour de France by none other than Sir Stirling Moss. He placed it second only to the Marquis de Portago in his Ferrari 250 GT TdF, often outperforming the Ferrari in stages of the event. It was in the possession of one owner since 1966, who stored it for 40 years before passing it on to his son in 2008, who in turn underwrote a comprehensive three-year restoration project and has now put it up for auction.
(AutoBlog.com)
They See Me Rollin' - Chevrolet Edition
1970 Chevy Camaro gets 650-hp crate engine for SEMA
This Hyper Blue Metallic Camaro should offer neck-snapping performance with its massively powerful engine and a T-56 Super Magnum six-speed manual gearbox. Chevy's show car is about more than just packing copious horsepower into a classic shape, though. The builders also overhaul the suspension with coilovers at the front and rear, in addition to a four-link setup at the back. Behind the 19-inch aluminum wheels, the coupe has Z06-based brakes at both ends. For better visibility, it wears LED headlights and taillights. Plus, the interior gets custom gauges and a six-point roll cage.
(AutoBlog.com)
This Hyper Blue Metallic Camaro should offer neck-snapping performance with its massively powerful engine and a T-56 Super Magnum six-speed manual gearbox. Chevy's show car is about more than just packing copious horsepower into a classic shape, though. The builders also overhaul the suspension with coilovers at the front and rear, in addition to a four-link setup at the back. Behind the 19-inch aluminum wheels, the coupe has Z06-based brakes at both ends. For better visibility, it wears LED headlights and taillights. Plus, the interior gets custom gauges and a six-point roll cage.
(AutoBlog.com)
The Initial Investment Has Really Paid Off
How/why are college sports so big in America?
American football was made popular by colleges and universities, then the pro leagues formed, not the other way around. The colleges and universities spent many years and lots of money creating the market for American football. The pro leagues were formed to try to capitalize on that market. In fact, a popular anecdote is when the pro leagues were still in a fledgeling state, a college star named Jim Thorpe mentioned he was thinking of going pro, most thought he was kidding as the pro leagues were considered a joke. By the time the NFL became the powerhouse it is today, the college scene was a well entrenched participant.
(CavemanCircus.com)
American football was made popular by colleges and universities, then the pro leagues formed, not the other way around. The colleges and universities spent many years and lots of money creating the market for American football. The pro leagues were formed to try to capitalize on that market. In fact, a popular anecdote is when the pro leagues were still in a fledgeling state, a college star named Jim Thorpe mentioned he was thinking of going pro, most thought he was kidding as the pro leagues were considered a joke. By the time the NFL became the powerhouse it is today, the college scene was a well entrenched participant.
(CavemanCircus.com)
I Think I'm Ready For A Change In Life
How To Start Living The Life You Really Want
Embracing change, learning to flow
“A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to do. He may as well concern himself with his shadow on the wall. Speak what you think now in hard words, and to-morrow speak what to-morrow thinks in hard words again, though it contradict every thing you said today.—‘Ah, so you shall be sure to be misunderstood.’—Is it so bad, then, to be misunderstood? Pythagoras was misunderstood, and Socrates, and Jesus, and Luther, and Copernicus, and Galileo, and Newton, and every pure and wise spirit that ever took flesh. To be great is to be misunderstood.” – Ralph Waldo Emerson
When you get to a point in life where you feel this way, remind yourself that you should be happy that you feel dissatisfied.
Dissatisfaction means you’re ready for something new. It means that life is about to get a lot more interesting. The feeling of dissatisfaction is meant to be a driving force, urging you to evolve, to change for the better. Becoming aware of that feeling is the first step to any meaningful change in your life.
So be thankful for your current dissatisfaction. Embrace it and start to question aspects of your current life so that you can find the root of the dissatisfaction. Use the negative feelings as motivation to dream up what you really want in your life, and start finding ways to get it.
Life is about growth and change. It’s about reinventing yourself over and over again as you learn more about who you are and who you want to be. It’s not unusual and though it can be intimidating, it’s nothing to be afraid of.
(CavemanCircus.com)
Embracing change, learning to flow
“A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to do. He may as well concern himself with his shadow on the wall. Speak what you think now in hard words, and to-morrow speak what to-morrow thinks in hard words again, though it contradict every thing you said today.—‘Ah, so you shall be sure to be misunderstood.’—Is it so bad, then, to be misunderstood? Pythagoras was misunderstood, and Socrates, and Jesus, and Luther, and Copernicus, and Galileo, and Newton, and every pure and wise spirit that ever took flesh. To be great is to be misunderstood.” – Ralph Waldo Emerson
When you get to a point in life where you feel this way, remind yourself that you should be happy that you feel dissatisfied.
Dissatisfaction means you’re ready for something new. It means that life is about to get a lot more interesting. The feeling of dissatisfaction is meant to be a driving force, urging you to evolve, to change for the better. Becoming aware of that feeling is the first step to any meaningful change in your life.
So be thankful for your current dissatisfaction. Embrace it and start to question aspects of your current life so that you can find the root of the dissatisfaction. Use the negative feelings as motivation to dream up what you really want in your life, and start finding ways to get it.
Life is about growth and change. It’s about reinventing yourself over and over again as you learn more about who you are and who you want to be. It’s not unusual and though it can be intimidating, it’s nothing to be afraid of.
(CavemanCircus.com)
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