Sunday, November 23, 2008
The Bailout of the US Auto Industry
I have to admit that I have mixed feelings about this. Given normal circumstances I would say let an industry stand or fall on its own. However, these are not normal circumstances. The US Government has shown that they are willing to bailout industries and now the door is open. Why is AIG any more deserving of being bailed out then GM. GM has probably done more to create middle class wealth than AIG ever did.
However, with the global market place being what it is I am not sure that the current demand justifies the number of brands currently available. Maybe it is time for further consolidation in the market place. Maybe the US auto industry could turn into the big two with GM calling it quits and selling off the brands that are still viable. Would anyone really miss the Hummers?
Maybe GM becomes Chevrolet and sells off everything else. The corvette for car enthusiasts, the Silverado for those who need or want a light truck and a line of mid size and compact cars that provide superior gas mileage. Everything else shutdown or sold. Most of the global competition maintain a couple of brands but only have one brand in each market segment. This makes the most sense. It will be painful though. I suspect that Detroit's current R&D is focused mostly on creating SUV's and has not been able to react to the current change.
The rapid drop in gasoline prices has me concerned as well. This seems to indicate that the demand for SUVs and trucks will continue. The current credit crunch might help to keep the demand down for now. As nice as it is to be able to get change back from a twenty when I fill up my car I was thinking that higher gas prices was good for the country in the long run. The demand for mass transit would increase and trend toward urban light rail would be justified by increase ridership rather than the usual of empty trains passing crowded highways.
I was against the bailout of the Financial Industry even though that was where I made my living. Now that the precedent has been set I say lets bail everyone out. Open up the check book. If you through enough against the wall eventually something will stick.
Thursday, November 20, 2008
Paul Simon on the Colbert Report
I was reminded of the time that both George Harrison and Paul Simon played on Saturday Night Live. I cannot believe that it was in 1976 (I was a freshman in High School). Paul Simon was the guest host and George Harrison was the musical guest but they played together. I always thought it was great. Thanks to YouTube I can confirm my memory.
Here Comes the Sun
Homeward Bound
Paul Simon performing American Tune
Saturday, November 8, 2008
Finally a new President of the United States

Sunday, October 19, 2008
Saturday, October 18, 2008
The Commute

I have not commuted into New York on a regular basis in a couple of years. I have been trying to get to my desk by 7 AM each morning which means I have to take the 5:45 AM Middletown, NJ train. The commute is pretty easy. I drive a short distance to the train station, park my car, and catch the train. An hour later I am walking to the office. It is an easy walk. Cross 7th Ave walk down 34th and then turn north on Broadway. Right next to Macy's. The only thing that could be better would be to work in one of the buildings that are above Penn Station.
The picture above is the closed power station in South Amboy just before the train pulls into the South Amboy station. A couple of years ago there was a high speed ferry that went to NY. It closed down because of the construction but never opened again. I am not sure if it moved to another marina.
This is the building as the train exits the Hudson Tunnel and enters NY Penn Station. It is across the street from Madison Square Garden.

The view out of the window by my desk. One of the first things I noticed on my first trips to NY was the wooden water towers that dot the skyline. They have disappeared over the years and now are often hidden.
I do like working in NY. It is such a different world from where I live in NJ.
Sunday, October 5, 2008
A Saturday Short Ride

Sunday, September 28, 2008
Finally a new post to this blog!!
Here is the list of topics that I could have written about late summer and early fall:
- Lost a job
- Found a job
- The presidential election
- The meltdown of the US Financial Services Industry which contributed to my loosing a job
- The bailout of the US Mortgage Banking Industry
- Bottlenose dolphins in the Navesink River
- I could have wrote about various bike rides but almost everything has been covered by previous posts so the urge to describe the ride is just not there
2008 has been a rough year in the financial services industry. I was lucky enough to have a project for most of the year but I knew that things were getting bad. The project ended in the early part of the summer and I made it know that I would I work on just about anything. I even agreed to work in Hong Kong on a data center relocation. Since the Hong Kong project was scheduled to start August 1 I most of the time leading up to the start date working on small projects and business development. In July I started to get the feeling that the Hong Kong project was not as close to being signed as I thought. August 1 came and went. I started to get sent on interviews for roles at clients such as The Reserve and Lehman Brothers. Not a good sign. In mid August I found myself out looking for a new job.
Being let go from BusinessEdge was both a tragedy and a relief. It was a tragedy that caused a panic because I did not have anything lined up and I did not have much time to work with. It was a relief because I did not really have much of a future at BusinessEdge. I had lost confidence that they would be able to provide me with the kind of projects and career building that I required. It was obvious the the EMC merger was not working out as was expected. The week after I left the head of the Financial Services Industry Practice left as well. This was not the company that I wanted to travel to Hong Kong for six months or even longer.
I was actually laid off on a Monday but I knew it was coming on the previous Friday. The whole process only confirmed what I had long suspected. That I was as important to BusinessEdge as the laptops, chairs and desks. I had spent the week working on business development work and it looked like were getting close to landing a small project migrating an AS400 application. I was asked to take a couple of days off while a couple of projects were signed (one of which at Lehman Brothers). I was then asked go to Lehman and I had a meeting at RBS on Thursday so I agreed to take Friday off (consultants taking a vacation is a way to make the profits or lack off look better because the time gets booked differently). I had a bunch of errands to run on Friday and since it was a vacation day I was not sitting around monitoring my email and cell phone. I noticed that I had missed a call on my cell so when I listened to the message I knew that I was about to become an ex BusinessEdge employee. A meeting was schedule for 4 PM and then rescheduled for Monday at 11 AM.
Lossing a job brings all kinds of emotions. I wanted to be pissed off but who should I be pissed off at? The anger only brings frustration because there is really anything to be angry at. I could only blame myself. However, the BusinessEdge representative did provide me with something that I could use to vent. When I dialed into the meeting on Monday at 11 AM I was kept on hold for almost 15 minutes. I listened to music wondering if it was going to happen now. Had a project been found for me? Did I get a stay of execution? After about 10 minutes I get a call from one of the admins informing me that Alexis would be on the line in about 5 minutes. So at about 11:15 Alexis and the HR representative got on the line. The excuse for being late was that she was parking her car which really did not fly.
This call could have been handled so much better. The first part of the call was spent explaining the tough market place for consulting in the Financial Services Industry. Since this was from a company that was trying to sell to Lehman Brothers and Merrill Lynch right up to the end there was not really much they could say to me. I really wanted to get to the bottom line as soon as possible. They told me what the package was which was a little better than I expected but not even close to being what it should have been. I spent the next couple of minutes negotiating and making the call as uncomfortable as possible while remaining professional. I realized that I was not getting anywhere so I decided to end the conversation and move on to executing my strategy that I had put together over the weekend. They still have not paid me my outstanding expenses.
I understand why companies feel the need to cut resources (otherwise known as people) during economic downturns but in many ways it is the wrong strategy. What actually happens is that it causes a downward spiral. It is not just one company cutting but whole industries. The feeling is that profits can be boosted by less people but in an economy that has been driven by consumer spending the opposite actually happens. Cuts are followed by further cuts. Some companies survive and make to to the next up cycle but many more make the long march to bankruptcy and mergers. I actually think the best strategy is make better hiring decisions on during the good times and hold on to your staff during the down times. Profits will suffer but the death spiral might be avoided because more people are working.
By the end of the first week I had my first face to face interview. At this point I would have taken anything but knew the job was probably not right for me. It was another consulting company that was dedicated to working in the Financial Services Industry. While I was told that they had plenty of work (this seems to be a theme) I suspected that they were starting to see the downturn in the market place as well. In any case I was happy to get an interview under my belt and I made some new contacts.
I spent most of the job search reaching out to contacts. I found this to be the most useful. The recruiters that troll the job boards do not seem to be as useful these days. I started to pick out the ones that I would use. It was not uncommon for me to be hit up for the same position by 6 or 7 recruiters. There was one job that I got recruited for at least twice a week and yet I never got an interview with the client. The fact that I was drawing so many recruiters meant that I was a good fit on paper so I could not understand why I was not getting an interview.
As time went by I started to develop a strategy. Since I did not have much of a severance to fall back on and unemployment was not going to cut it I decided I would try and find an contract as an independent consultant in the short term and look for something more permanent in the long term. I had created an LLC a couple of years ago and I was thinking that this might be a good time to use it. Being let go from BusinessEdge had created an opportunity because I did not have to make the decision to quit a steady paycheck to take on the risk of running my own consulting company. The decision had been made for me. I was now able to be in control of my own destiny.
I had a phone interview with an IBM reseller who was looking for a technical salesman to sell into the financial service area concentrating on Hedge Funds. The product looked interesting and it would have been a great opportunity for me. The interview went well and I was told that I would get an offer the next week when we met face to face. I left next Tuesday open for this. However, on the Monday I was contacted by one of my contacts that had moved to the health care (Life Sciences) industry and he had a role he was looking to fill. He wanted to meet ASAP. So I schedule a meeting for 4 PM on Tuesday with my contact and a 1 PM lunch meeting with the recruiter with the IBM reseller. At the lunch meeting I found out that an offer would not be coming from the IBM reseller due to budget reasons. At least I got a free lunch out if it.
I thought the 4 PM meeting was going to be an interview. However, the offer was made I accepted and we setup a start date. It turns out the project is perfect for me. The company is outside of the Financial Services Industry and the office is close to New York's Penn Station which makes for an easy commute. While I am not completely out of the woods yet things are looking up. For the most part this is a happy ending.
I definitely have an opinion on the Presidential Election. I have not decided who I am going to vote for. I have agreements and disagreements with both candidates. I do feel that each would be an improvement over the current administration. I am not sure why either candidate would want the job but I am glad that at least some one does because it is not going to be easy and there is a good chance that the next president could be a one term president because it is going to require do some very unpopular things to fix the country.
The meltdown of the US economy. I have heard the statement "we never saw this coming" used a lot. I think there are lots of people who saw this coming. I do think that no one has an idea how it will end. The crisis will pass but will it be a complete fix or just some that tides us over until next crisis.
I am finding myself agreeing with the Republican Right Wing on the bailout proposal. I think it is very telling that the Republicans are breaking ranks with the White House. I am not sure of the reasoning for this. However, I think that the bailout will end up not helping anything beyond cleaning up the balance sheets of some badly managed banks. I actually think the money would be better spent buying up the underlying real estate rather than the mortgage obligations themselves. This would most likely help everyone and might turn a profit as well. It would put the US government in the Real Estate business but it is much better than being in the derivative securities business. At least they would understand the assets.
I saw the dolphins in the Navesink River for the first time on last Sunday's 52 mile ride. There is a group that has been hanging out by the Oceanic Bridge. I stopped on the bridge as I was heading over to Atlantic Highlands. It is cool to see them swimming in the river. There were 3 of them in lock with each other. I drove by yesterday and I could see them from my car. Today I parked at the Post Office in Rumson and walked across the bridge. Of course since I had my camera with me they were not around. This week one of the younger ones was found dead on the shore of the Navesink. There are a lot of people pushing for intervention to move them out to the Atlantic before the cold weather arrives. I am not sure this needed. However, the construction that is happening on the Highlands bridge could be trapping them in the river. However, they are swimming close to all the fishing boats so there is no reason that they could not swim under the bridge and out to see in the evening or early morning. My vote would be to leave them alone. They are wild animals that can make there own decisions. Not any different that the wild deer we have running all over.
No bike rides this weekend. The weather was crappy both days. Today was the Twin Lights ride that starts in Highlands. Part of the ride comes through Holmdel. Inspite of the weather there are quite a few riders. They are making me feel like a wimp.
I think this post gets me caught up. I wish I had some pictures to add but it has not worked out.
One last thing. As I was waiting to pick up my dog from the groomers in Red Bank I saw a flier for a fund raiser for the prevention of Breast Cancer called Bowling 4 Boobs. The pink paper and cute title caught my eyes. It sounds like a fun event for a good cause. If you have the opportunity check it out.
Sunday, September 7, 2008
Ended the Summer the same way I started it. Riding the Langster
Monday, September 1, 2008
Spoke Blow Out
As I as making my way back along Middletown Road I broke a spoke on my rear wheel. I thought that I had picked up some junk from the road. This is one of the things I am not prepared to handle on the road. I was not that far from home but it would have been a long walk in road shoes. I made the call home to get a ride back. I still got 38 miles in for the day. It could have been worse and I could have been much further away. I have been carrying enough money to call a cab if I ever do need a ride back. I have to add the phone numbers for some of the local cab companies to my cell phone.
While I was waiting for my ride I made some calls around to the usual bike shops. Since I am unemployed I do not have enough money to buy a new set of wheels. I am a little concerned since I am afraid that some of the other spokes are ready to go as well.
I ended up taking my bike to Bike Haven. It looks like the Tarmac is going to be out of commission all week and I am going to be riding the Langster which has not seen the light of day since late spring.
The hilliest roads in the area are a little rough and I hit a pot hole hard last week so that may have been the root case. Cliff at Bike Haven as me how much I weighed. When I told him 180 lbs he said that I am about 10 lbs too heavy for bike riding. I have actually dropped some weight over the summer. I have been living on Muscle Milk and I am now consistently below 180. I am going to see if I can get below 170 but I am not sure if I can.
All the hurricane activity in the southern part of the US is creating some of the best weather we have had all summer. I should get the Langster out for a couple of good rides. I am even thinking of riding with the Tuesday night group on the single speed.
Sunday, August 31, 2008
My Latest Guilty Pleasure - Burn Notice


Saturday, August 30, 2008
Tropic Thunder

Wednesday, August 27, 2008
Generation Kill - HBO Mini Series
HBO recently completed the showing of a mini-series based on the book. I was actually thinking of cancelling my HBO subscription but I was interested in watching this series. I have watched every episode but I may have to go back and watch them again because it is heard to tell who is who. All the characters look the same dressed in their battle gear and took me almost till episode 7 to determine who was who. The scenes in the Humvee are easy to watch since each character is always in the same seat. The characters that come in and out of the story can be confusing.
As is often the case I have been inspired to read the book. Since I am currently unemployed I also have some free time for reading as well. While I have not finished the book I have been impressed with how close the mini series is to the book. This is not usually the case. One of most notable examples is Tom Wolfe's The Right Stuff.
Not every moment of the invasion is captured in the series. Scenes move forward faster than real-time and the highlights are capture with some character development sequences. Generation Kill is definitely not Band of Brothers. In the beginning the soldiers seem more like a heavily armed gang rather than a highly trained group of elite marines. With a few notable exceptions the Officers seem to be incompetent and even the ones that aren't have their moments.
As the show progresses things seem to change. The Marines start to show there training but the realities of fighting a war in a heavily populated area where the enemy has blended in with civilian population well illustrated.
Episode 7 ties everything together. The strategies and some of the thinking that went into the units actions are explained. I was left wanting to know more about the various characters and decided to buy the book.
The Marine concept of going with what you have rather than everything you need is a concept I have probably used for most of my career. This has been especially true in my role as a consultant project manager. Most projects are under scoped for several reasons. The right resources are often not available and the project budget dictates that the time available to complete the project is much shorter than necessary. While a hiring manager might wait until the perfect person materializes before making a final hiring decision a project manager seldom has that ability. The PM needs to get as close as possible and do what needs to be done in order to create the resource that is needed to successfully deliver a completed. My new mantra is "I am going with what I have."
Monday, August 25, 2008
General thoughts on the Olympics and life
I found out on Monday that I need to find a new job. I actually knew it was coming on Friday afternoon so I got the whole weekend to worry about it. Not having a job should free up some time for riding but just the opposite has happened. Looking for work is even more time consuming that actually having a job.
The original goal was to have a job lined up by the end of the week. In reality I probably set my expectations a little to high. The right expectation should have been to have at least one interview by the end of the week. I actually ended up with three. So if I had set the right goal I would have surpassed expectations. It will be interesting to see if they translate in to actual offers.
I watched Michael Phelps get his 8 gold medals. I think I watched every final as well as many of the heats. I also watched many of the other races as well. I only get into swimming during the Olympics but I always come away impressed. I think that I can see how hard it is. The preparation and luck required to win 8 golds in swimming made it an amazing feat.
NBC sandwiched swimming in with Beach Volleyball so I ended up watching a lot of that. I only watched one basketball game which was USA vs. China. I was hoping that China would keep the game close and in the 1st half they did. USA pulled away in the second half and it was not much of a game.
I found myself watching the gymnastics with the same sense of awe that I get from watching the X Games. I am amazed that they can do the routines without killing themselves. I was thinking about how they went about learning to do the exercises. There must be a lot of pain involved. Probably why they all start when when they are young. Kids just seem to bounce. I did get tired of the age controversy. It does not matter 13 or 16 or 18. They still won and to get a gold metal on technicality would be a disappointment. Once the decision was made to let them compete it was a moot point.
As expected the coverage of cycling and weight lifting was minimal. I saw no weight lifting and very little cycling. I was really hoping to see some of the track racing especially the sprints. I did not get to watch a single race. Since US Cycling was not expected to medal I guess that NBC decided not to spend much time on it.
NBC's Olympic coverage was interesting. Other than the early morning events that were broadcast live in US during the evening most of the events were on tape replay. Even if I did not know who won I knew that the US competitors had to have medaled since it was being broadcast. This was the case of the Men's Volleyball final. It looked like Brazil was going to tie things up but I figured that the USA would come back because the closing ceremony was scheduled for the next hour and there would not be enough time to play another match. Sure enough the US came from behind and won.
I can kind of understand the reasoning behind the coverage decisions. In the sports I know I can watch the competitors from other countries. However, in the sports I do not really know such as rowing, boxing or even volleyball I only watch the events that the US teams are competing in. I imagine that most feel the same way.
I was going to watch the closing ceremony to see Jimmy Page play in London. However, the events leading up to Mr. Page bored me and I ended up watching the last episode of Generation Kill. Maybe I can find the video on the Internet.
Sunday, August 17, 2008
Two Weekend Group Rides
Both rides cover a lot of the same roads. The Dorbrook ride heads south and the Allenwood ride heads north so there was a lot of overlapping scenery between the two rides. I am not that familiar with the roads but I do occasionally recognise an road that I have drove my car along.
We had some nasty storms roll through on Thursday and Friday. It was worse in North Jersey but the end result was it made for some good riding weather over the weekend. I rode from my house to the start of the Dorbrook Park ride. The fog was heavy and the roads were damp. My brakes were kind of soggy for the start of the group ride. The fog stayed with us for the first hour of the ride but you could tell we were in for a treat once it burned off.
The pictures above contrast how the day went weatherwise.
The Dorbrook ride is usually about 50 to 60 miles. Since I ride to the start I usually end up with 7o plus miles. At the finish my computer said that I had completed 72 miles. It was a good ride and I am getting the sense of how to ride with a group. I think the real skill is in dealing with the multiple personalities that show up for the rides. I generally try to let the comments roll off me. I find it is better just to keep my mouth shut rather than respond negatively.
I have never rode with the Allenwood group although many of the riders also ride the Holmdel and Dorbrook Park rides. In fact I heard one of the other riders describe me as one of the Dorbrook folks. It is always nice to belong.Before the start of the ride two of the riders who know me took me aside and give me the lay of the land. They told me not to go out too hard and to stay at the back of the pack so that I did not risk the rath of the other regulars. I kind of took it as a compliment since I do have the tendency to go out hard. However, I am learning my lesson and I have embraced the concept of conserving energy.
Both the Dorbrook and Allenwood rides stopped at the same store to fill water bottles. A couple of guys on Honda Sports Motorcyles pulled in and it turned out that everyone was all friends. The picture above shows the all the different bikers coming together.

At first I had a hard time with the concept of stopping in the middle of the ride. However, I am embracing this concept as well. I stayed with the A group (the A- riders turned off and got to the store quicker) and got involved with a group of riders that moved along at a good clip. I ended up dropping off during a series of technical turns that were a little too slipper for me to negotiate at 30 MPH. Another rider was back with me. We were going to make an attempt to catch up but then we ended up riding groupetto.
The Allenwood ride requires me to drive to the start. A concept that I am not that thrilled with but I definitely see the advantage of riding with a group. If I can get out of bed early enough next weekend I am going to try and make both rides. I may even have to join the Atlantic Bicycle Club
Total miles for the weekend was 72 on Saturday and 57 on Sunday. I think this is my upper limit. Monday is going to be a rest (gym) day.
Thursday, August 14, 2008
The Olympics

Friday, August 1, 2008
2008 Specialized Tarmac Comp Review



Tuesday, July 29, 2008
Pedal vs. Metal: A surge in bike ridership spurs a new kind of road rage
I have found that the cars/trucks on the country roads can actually be worse than the busier roads since the drivers are often driving faster than the posted speed limit since they think they are by themselves.
For some reason people change when they get behind the wheel of a car (or maybe it is just the real person coming out). I know that I have less patience when I am driving. A delay of of a minute or two can sometimes feel like an hour. I have been driving slower these days. I usually am right at the speed limit or sometimes below.
Monday, July 28, 2008
Metuchen police take to bikes, foot patrols to save gas

METUCHEN — Borough police officers are taking to cycling this summer — not as a sport, but as a conscious effort to conserve gas during their daily patrol.
It is a part of conservation measures issued by Police Chief Jim Keane in a memo to his department as soaring gas prices threaten to dent the budget.Officers are asked to shut down their vehicles to prevent excessive idling and to rely more on two-legged transportation.
During their shifts, officers are asked to park their cruisers in the downtown business district and walk and talk to business owners and residents for a short amount of time per shift or per hour."Walking not only saves gas but is also good public relations," Keane said.
Officers are also encouraged to use bicycles for patrol, he said. Keane added that there is a downside to using bikes. He explained that police officer's cars are like traveling offices and contain oxygen tanks, first-aid kits, fire extinguishers, laptops and everything else that they need to be effective first responders."Guys on bikes won't have access to all the tools, and the same applies to walking on the beat," he said.But when it comes to high gas prices, patroling a 2.7 square-mile borough in a car is a luxury.
Other steps taken to conserve energy include ensuring that the closest units respond to a call and checking vehicles more often, especially for tire pressure.Keane also discourages backing up officers, unless requested.Officers are asked to reduce return trips to headquarters and complete most reports in the field.
Sunday, July 27, 2008
Not a bad tour for the teams riding Specialized Bikes

2008 Tour de France Time Trial and a late afternoon ride



