Herman Cain

Herman Cain

Herman Cain grew up in Atlanta with loving parents and little else. His father worked three jobs as a janitor, a barber and a chauffeur and his mother was a domestic worker. Thanks to the lessons his parents instilled in him, Herman went on to earn a Bachelor's degree in mathematics from Morehouse College and a Master's in computer science from Purdue University.
Herman has more than 40 years' experience in the private sector, where he balanced budgets, created jobs and rescued failing companies. He served as an analyst for Coca-Cola, an executive at Pillsbury, a regional Vice President with Burger King and CEO of Godfather's Pizza. During his time at Godfather's, he brought the company from near bankruptcy to profitability in just 14 months. Herman's record as "turnaround artist" led to his rise as President and CEO of the National Restaurant Association, which employs more than 14 million people. Additionally, he's been on the boards of directors for several multi-national corporations, including Nabisco, AGCO, Hallmark Cards, Whirlpool, SuperValu, Acquila and Reader's Digest.
Herman also served as Chairman of the Federal Reserve Bank of Kansas City and as a supervisory mathematician for the Department of the Navy, where he developed ballistics and fire control systems for the armed forces.
Herman has been married to his wife, Gloria, for 44 years, and they have two children and four grandchildren. He also serves as an Associate Minister at Antioch Baptist Church North in Atlanta.

SUNBURY CRAB COMPANY

On Feb.22,1862, the 110 ton brigantine Standard sailed from Halifax, Nova Scotia with a crew of 10 and  cargo that included boots, medicine, barrels of fish, fish oil, gun powder, and other various articles.  Their papers cleared them for Mexico but they were really headed for the Georgia coast in an attempt to run the Union blockade.  Two days out they encountered gale force winds in the North Atlantic that lasted for two weeks, blowing them off course 1,000 miles east.  They then enjoyed 10 days of smooth sailing while they patched the ship before 5 days of hurricane force winds came out of the East.  The sails were lowered again, the pilot was tied with rope to the wheel, and everyone held tight to a 100 ft surfboard in 15 ft waves.  All the clothes and bedding were soaking wet and provisions had washed overboard. Drinking water was kept under lock and key with every man issued a half pint a day.  By late March they crossed the Gulf Stream and discovered their position as slightly south of Fernandina Florida.  They crept up the coast with an eye out for gun boats looking for a place to race in to safety.  The navigator on board, a river pilot from Savannah, mistook their position for Darien, but they were actually off the North end of Blackbeard Island where the boat ran aground.  Suddenly exposed, the crew loaded cargo in the lifeboat and made as many trips to the island as possible.  The next day, April 1, the ship came free and most of the cargo was reloaded.  Still thinking they were in Doboy sound, the life boat explored the river to Darien.  It was actually Todd Creek that ran dry after several miles of rowing.  Serious intervention was required to keep some crew members from killing the navigator.  Winding through the marsh on high tide, they came into Johnson Creek and found a house on the South end of St. Catherine’s Island.  It was occupied by slaves escaped from the mainland who fed them and gave them their bearings.  Now it was back to the ship which had also pulled in behind St. Catherine’s to hide.  It was decided to come up the North Newport to try and find a place to unload.  Melon Bluff (so named because of all the melons shipped from there) was far enough inland to be out of sight of the blockaders (Melon Bluff is visible looking east from I-95).  The cargo was driven by oxcart 12 miles to McIntosh (station #3 on the Savannah- Gulf Railroad) where it was loaded on a train to an auction house in Savannah.  The morning paper of April 14 had a listing of the Standard’s cargo that was to be auctioned off at a commission house on Bay Street.  A possible reason the ship was able to slip the Blockade was the concentration of Union assets that attacked Fort Pulaski on April 10.  Makes me wonder what they would think of us for keeping our boat in the garage all winter.

 

Brett Barnard and his ‘HitMan Blues Band’ covers Sunday Music this week….

March2, Midway All-Stars…..March9, Ambrosious.

Sunbury Crab will open Monday, March 17 at 5pm

 

When you find yourself furious at the injustice of the ice dancing judges or your emotions on edge over who’s going to win the Westminster Dog Show…it’s time for Spring Training and the Daytona 500.

Education and Freedom

What's wrong with people 
New textbook trashes Reagan and conservatives




A new textbook being used at the University of South Carolina has come under fire for claims it is anti-conservative.

“Introduction to Social Work & Social Welfare: Critical Thinking Perspectives” absolutely eviscerates Reagan and isn’t too kind to conservatives.

The text nonchalantly makes President Reagan appear anti-minority, insensitive to social problems and a man who has ultimately turned conservatives into pessimists.

The book also states that Reagan never appointed any women to prominent positions in his government. Something tells me that the first female Supreme Court judge, Sandra Day O’Connor, would disagree.

Beyond conservatives having a pessimistic view, the book also states that they oppose ”change and prefer tradition due to the fact that “They believe change usually produces more negative than positive consequence.”

While this is certainly correct for some conservatives, it is hardly appropriate or accurate to categorize an entire body of political thinkers into such a formless definition.

Officials for the University of South Carolina did not immediately return a request for comment.

The book offers a much kinder assessment of President Clinton, saying whatever failures the two-term Democrat suffered were due to the GOP opposition.

“Liberals had high hopes for Bill Clinton, but he had a House and Senate dominated by Republicans as early as 1994, so most of his proposals were squelched,” the book states.








Douglas Barclay is an associate content editor at Rare. Follow him on Twitter @douglabarclay17

'Eerie Parallels' Between Current Dow Chart and That of 1929

Hulbert: 'Eerie Parallels' Between 

Current Dow Chart and That of 1929

Tuesday, 11 Feb 2014 11:30 AM

By Dan Weil

A chart of the Dow Jones Industrial Average going back to July 2012 closely matches one from 1928-29, signaling a crash may be coming later this month or in March, if the correlation continues, says Mark Hulbert, editor of Hulbert Financial Digest.

"There are eerie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash," he writes in an article for MarketWatch.

He first wrote about the chart on MarketWatch in early December, questioning its validity. But now that the pattern has continued to repeat, he's turning into a believer.

"One of the biggest objections I heard two months ago was that the chart is a shameless exercise in after-the-fact retrofitting of the recent data to some past price pattern," Hulbert notes.

"But that objection has lost much of its force. The chart was first publicized in late November of last year, and the correlation since then certainly appears to be just as close as it was before."

Another objection Hulbert heard was that the Dow soared more than 100 percent in 1928-29, compared with a gain of less than 50 percent in 2012-13.

"But there’s less to this objection than you might think," he notes. "You can still have a high correlation coefficient between two data series even when their gyrations are of different magnitudes.

"You may still be inclined to dismiss this. But there were many more were laughing last November when this scary chart began circulating. Not as many are laughing now."

One market expert who thinks a stock crash is coming is Marc Faber, publisher of the Gloom, Boom & Doom Report. He believes the Federal Reserve's stimulus has led to an overvalued market.

"I think the market is way overdue for a 20 to 30 percent correction," he tells CNBC. "In fact, I'm hoping for the market to drop 40 percent so stocks will again become — from a value point of view — attractive."

OPINION

Aging America heading for disaster

By Kyle Smith

February 8, 2014 | 9:48pm

Modal Trigger

Photo: Superstock

To really understand what’s going on with the American economy, don’t look at the headlines. Don’t look at the unemployment rate or the trade balance or the deficit. Don’t even look at what’s happening today at all: Look at what happened 46 years ago.

And what happened then? Fewer Americas were being born, points out Harry S. Dent Jr. in “The Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019” (Portfolio).

Modal Trigger

Following the Baby Boom, which peaked in 1961, came the Baby Bust, a long slow decline in the birthrate. Those babies grew up and began spending in accordance with highly predictable patterns.

People tend, for instance, to buy houses at about the same age — age 31 or so. Around age 53 is when people tend to buy their luxury cars — after the kids have finished college, before old age sets in. Demographics can even tell us when your household spending on potato chips is likely to peak — when the head of it is about 42.

Ultimately the size of the US economy is simply the total of what we’re all spending. Overall household spending hits a high when we’re about 46. So the peak of the Baby Boom (1961) plus 46 suggests that a high point in the US economy should be about 2007, with a long, slow decline to follow for years to come.

Anyone find that convincing?

Dent, a business consultant, stock-market prognosticator and author who says now is the time to sell stocks, has plucked an old argument off the dusty shelves of 1980s political rhetoric (“We’re nothing like Japan! And that’s horrible!”) and given it a new coat of paint: We’re exactly like Japan! And that’s horrible!

Japan’s stock market is still 65% below its 1989 peak. Their spending problem (currently being given a boost by a gigantic stimulus) is really, says Dent, an aging problem.

As the Japanese have hit their 60s and 70s, they became stingier. Artificial, forced spending like government stimulus is not going to spark real voluntary spending because that isn’t what old people do. They’ve already paid for their houses, cars and their children’s schooling. Merchants try to goose lackluster sales by cutting prices, which increases the incentive for people to save their money, expecting things will be cheaper in the future than they are today.

That’s a deflationary spiral, and Dent sees it coming here next, and soon.

Post-crash, the US economy has been limping along for nearly five years despite a series of massive fiscal and monetary stimuli. A principal reason for what growth we have had is the spending pattern of rich people, who tend to put off their big purchases years later in life than the average. Their peak spending year should be, according to Dent, 2014.

And, no, immigration isn’t going to save us; even adjusted for immigration, the overall US population is aging. (Moreover, an anemic economy attracts fewer foreigners: Net new immigration from Mexico dropped to zero between 2005 and 2010).

Lost in the discussion of this week’s Congressional Budget Office report (which said 2.5 million fewer Americans would be working because of Obamacare) was its prediction that aging will be a major drag on growth: “Beyond 2017,” said the report, “CBO expects that economic growth will diminish to a pace that is well below the average seen over the past several decades [due in large part to] slower growth in the labor force because of the aging of the population.”

Economically speaking, winter is nowhere near an end. Spring isn’t due until about 2019, which is when the economy will receive a boost from the spending power of the Echo Baby Boom of the 1980s (which peaked in 1990) and the concurrent wave of immigration. In 2019, these second Baby Boomers will buying their first houses.

Dent’s book is, for all its charts and graphs, startling in its simplicity. Single answers to complex systems aren’t generally very convincing. And statistical models that successfully predict the past may be enticing, but how useful are they? The past never perfectly anticipates the future.

And yet the demographic numbers are so large that they’re bound to play a central economic role.

Implicitly, Dent is saying: Don’t blame politicians, the decline of manufacturing, education or cheap foreign imports for the economic stagnation that has already begun and will continue for many years. Blame your parents and grandparents for losing interest in having children back in the Sixties.

FILED UNDERBABY BOOMERS, ECONOMY, SPENDING

READ NEXT:

We vote with our feet

• Twitter
• Facebook
  
  

From: Elaine Maley [mailto:maley@centurytel.net]
Sent: Thursday, January 30, 2014 9:31 AM
Subject: going 'Coastal"

Some of you have enjoyed the luxury of living on the salt water all of your life.  The rest of us, while disadvantaged, occasionally got the thrill of ’going to the coast’.  Letting that rumor slip, often while getting everyone ready for church, jump started the entire family into a bee hive of cooperation and perfect behavior.  All eyes were then turned to the sky anxiously looking for bad weather that might derail the trip.  Anyone in the back seat who made a boneheaded remark about it ‘looking like rain’ chanced an elbow to the ribs.  We always figured if we could get past Waycross we were in the clear.  We didn’t realize our parents were either as determined to go as we were, or did not have the energy to quell the riot that would have ensued.  After all these years, that experience makes every day on the coast a beautiful day, no matter the weather. Raining sideways across the marsh is a particular favorite.

   

Super Bowl this Sunday.  Several hours of  New Jersey traffic, another two hours of ‘enhanced ‘ security checks, then five hours of 11 degree temps to see a football game.  Ditch those $2,000.00 tickets and watch the game with some comfort food from the Crab Co.

Rhonda and the Relics February 16.  Oldway Mid-Stars next Sunday.

A GREAT VIDEO OF HOW IT WAS IN MY TEENAGE

http://www.youtube.com/watch?v=HJMz2OcFQRk&list=PL02ADD23AD896A4F7

I AM NOT SURE JUST EXACTLY HOW I STUMBLED ON THIS

However I am proud to have discovered it, and I'm glad to add it to the Gazettes collection.

Thanks
Jimmy