It’s cheaper to lease…

This was a post on craigslist recently:

MORE advice for woman seeking $500k+ earning man

What am I doing wrong?

Okay, I’m tired of beating around the bush. I’m a beautiful
(spectacularly beautiful) 25 year old girl. I’m articulate and classy.
I’m not from New York. I’m looking to get married to a guy who makes at
least half a million a year. I know how that sounds, but keep in mind
that a million a year is middle class in New York City, so I don’t think
I’m overreaching at all.

Are there any guys who make 500K or more on this board? Any wives? Could
you send me some tips? I dated a business man who makes average around
200 – 250. But that’s where I seem to hit a roadblock. 250,000 won’t get
me to central park west. I know a woman in my yoga class who was married
to an investment banker and lives in Tribeca, and she’s not as pretty as
I am, nor is she a great genius. So what is she doing right? How do I
get to her level?

Here are my questions specifically:

– Where do you single rich men hang out? Give me specifics- bars,
restaurants, gyms

-What are you looking for in a mate? Be honest guys, you won’t hurt my
feelings

-Is there an age range I should be targeting (I’m 25)?

– Why are some of the women living lavish lifestyles on the upper east
side so plain? I’ve seen really ‘plain jane’ boring types who have
nothing to offer married to incredibly wealthy guys. I’ve seen drop dead
gorgeous girls in singles bars in the east village. What’s the story
there?

– Jobs I should look out for? Everyone knows – lawyer, investment
banker, doctor. How much do those guys really make? And where do they
hang out? Where do the hedge fund guys hang out?

– How you decide marriage vs. just a girlfriend? I am looking for
MARRIAGE ONLY

Please hold your insults – I’m putting myself out there in an honest
way. Most beautiful women are superficial; at least I’m being up front
about it. I wouldn’t be searching for these kind of guys if I wasn’t
able to match them – in looks, culture, sophistication, and keeping a
nice home and hearth.

it’s NOT ok to contact this poster with services or other commercial
interests

PostingID: 432279810

THE RESPONSE
Dear Pers-431649184:

I read your posting with great interest and have thought meaningfully
about your dilemma. I offer the following analysis of your predicament.
Firstly, I’m not wasting your time, I qualify as a guy who fits your
bill; that is I make more than $500K per year. That said here’s how I
see it.

Your offer, from the prospective of a guy like me, is plain and simple a
crappy business deal. Here’s why. Cutting through all the B.S., what you
suggest is a simple trade: you bring your looks to the party and I bring
my money. Fine, simple. But here’s the rub, your looks will fade and my
money will likely continue into perpetuity…in fact, it is very likely
that my income increases but it is an absolute certainty that you won’t
be getting any more beautiful!

So, in economic terms you are a depreciating asset and I am an earning
asset. Not only are you a depreciating asset, your depreciation
accelerates! Let me explain, you’re 25 now and will likely stay pretty
hot for the next 5 years, but less so each year. Then the fade begins in
earnest. By 35 stick a fork in you!

So in Wall Street terms, we would call you a trading position, not a buy
and hold…hence the rub…marriage. It doesn’t make good business sense
to ‘buy you’ (which is what you’re asking) so I’d rather lease. In case
you think I’m being cruel, I would say the following. If my money were
to go away, so would you, so when your beauty fades I need an out. It’s
as simple as that. So a deal that makes sense is dating, not marriage.

Separately, I was taught early in my career about efficient markets. So,
I wonder why a girl as ‘articulate, classy and spectacularly beautiful’
as you has been unable to find your sugar daddy. I find it hard to
believe that if you are as gorgeous as you say you are that the $500K
hasn’t found you, if not only for a tryout.

By the way, you could always find a way to make your own money and then
we wouldn’t need to have this difficult conversation.

With all that said, I must say you’re going about it the right way.
Classic ‘pump and dump.’
I hope this is helpful, and if you want to enter into some sort of
lease, let me know.

Can you believe this guy?!

Bush is soon (if not already) to be synonymous with “Cronyism“. So he’s nominated another appointee to the US Supreme Court. I guess to be nominated by George Bush to a political position in his administration, you have to have no qualifications what so ever. Michael Brown is hurting right now, at least he was a judge of Arabian horses…

So in light of another nomination by Bush to a high level political position, I’ve added this article from the Wall Street Journal. Apparently its a requirement for a Bush appointee to have no qualifications what so ever. If you’re lost on this post. Here’s the short history:

On Oct. 3rd, 2005, President Bush recommended for appointment to the US Supreme Court (the highest court for our country) and replacement for a retiring Judge Sandra Day O’Connor, a loyal aide and designated White House counsel Harriet Miers. Ms. Miers, has served as Mr. Bush’s lawyer and has run a law firm in his home state of Texas, however, she has never had ANY experience as a judge in the courts of law. I will say, as to not be totally biased against the nomination, that Rehnquist, whose death paved way for Roberts’ nomination, had not served as a judge before President Richard Nixon put him on the supreme court. Nineteen other justices previously had never served as judges before getting on the high court. As it stands now, both Republicans and Democrats are not happy with the nomination, and all Bush can say is… Well… She’s a woman!

Link to WSJ Article

Posted below in case its no longer available:

Cronyism

By RANDY E. BARNETT
October 4, 2005; Page A26

During the Clinton impeachment imbroglio, Alexander Hamilton’s definition of “impeachable offense” from Federalist No. 65 was plastered from one end of the media to the other. With the nomination of Harriet Miers to the Supreme Court, get ready for another passage from Hamilton to get similar play — this one from Federalist No. 76:

“To what purpose then require the co-operation of the Senate? I answer, that the necessity of their concurrence would have a powerful, though, in general, a silent operation. It would be an excellent check upon a spirit of favoritism in the President, and would tend greatly to prevent the appointment of unfit characters from State prejudice, from family connection, from personal attachment, or from a view to popularity. He would be both ashamed and afraid to bring forward, for the most distinguished or lucrative stations, candidates who had no other merit than that of coming from the same State to which he particularly belonged, or of being in some way or other personally allied to him, or of possessing the necessary insignificance and pliancy to render them the obsequious instruments of his pleasure.” (The italics are mine.)



Harriet Miers is not just the close confidante of the president in her capacity as his staff secretary and then as White House counsel. She also was George W. Bush’s personal lawyer. Apart from nominating his brother or former business partner, it is hard to see how the president could have selected someone who fit Hamilton’s description any more closely. Imagine the reaction of Republicans if President Clinton had nominated Deputy White House Counsel Cheryl Mills, who had ably represented him during his impeachment proceedings, to the Supreme Court. How about Bernie Nussbaum?

As the quote from Hamilton suggests, the core purpose of Senate confirmation of presidential nominees is to screen out the appointment of “cronies,” which Merriam-Webster defines as “a close friend especially of long standing.” Cronyism is bad not only because it leads to less qualified judges, but also because we want a judiciary with independence from the executive branch. A longtime friend of the president who has served as his close personal and political adviser and confidante, no matter how fine a lawyer, can hardly be expected to be sufficiently independent — especially during the remaining term of her former boss.

By characterizing this appointment as cronyism, I mean to cast no aspersions on Ms. Miers. I imagine she is an intelligent and able lawyer. To hold down the spot of White House counsel she must be that and more. She must also be personally loyal to the president and an effective bureaucratic infighter, two attributes that are not on the top of the list of qualifications for the Supreme Court.

To be qualified, a Supreme Court justice must have more than credentials; she must have a well-considered “judicial philosophy,” by which is meant an internalized view of the Constitution and the role of a justice that will guide her through the constitutional minefield that the Supreme Court must navigate. Nothing in Harriet Miers’s professional background called upon her to develop considered views on the extent of congressional powers, the separation of powers, the role of judicial precedent, the importance of states in the federal system, or the need for judges to protect both the enumerated and unenumerated rights retained by the people. It is not enough simply to have private opinions on these complex matters; a prospective justice needs to have wrestled with them in all their complexity before attaining the sort of judgment that decision-making at the Supreme Court level requires, especially in the face of executive or congressional disagreement.

Even a star quarterback with years of high school and college football under his belt takes years of experience and hard knocks to develop the knowledge and instincts needed to survive in the NFL. The Supreme Court is the big league of the legal profession, and Ms. Miers has never even played the judicial equivalent of high school ball, much less won a Heisman Trophy.

Ms. Miers would be well qualified for a seat on a court of appeals, where she could develop a grasp of all these important issues. She would then have to decide what role text and original meaning should play in constitutional interpretation in the context of close cases and very difficult decisions. The Supreme Court is no place to confront these issues for the very first time.

Given her lack of experience, does anyone doubt that Ms. Miers’s only qualification to be a Supreme Court justice is her close connection to the president? Would the president have ever picked her if she had not been his lawyer, his close confidante, and his adviser? Of course, Hamilton also thought that the existence of Senate confirmation would deter the nomination of cronies:

“The possibility of rejection would be a strong motive to care in proposing. The danger to his own reputation, and, in the case of an elective magistrate, to his political existence, from betraying a spirit of favoritism, or an unbecoming pursuit of popularity, to the observation of a body whose opinion would have great weight in forming that of the public, could not fail to operate as a barrier to the one and to the other.”

While the Senate once successfully resisted President Lyndon Johnson’s attempt to nominate his own highly able crony, Abe Fortas, to be chief justice, perhaps the performance of senators during the Roberts nomination reduced the deterrent effect of “advise and consent.” Judiciary Committee Democrats spent half their time making speeches rather than questioning. What questions they did ask were not carefully designed to ferret out the nominee’s judicial philosophy, favoring instead to inquire about his feelings, or whether he would stand up for the “little guy,” or bemoaning his refusal to telegraph how he would rule on particular cases likely to come before the court.

For their part, Senate Republicans were content to parrot the empty line that a judge “should follow the law and not legislate from the bench.” Sit tight and vote seemed to be their approach. By refusing to demand a nominee with a judicial philosophy of adherence to the text of the Constitution — the whole text, including the parts that limit federal and state powers — Republicans did nothing to induce the White House to send up a nominee who was at least as committed to limits on federal power as Chief Justice William Rehnquist and Justice Sandra Day O’Connor had been.

Times like these demand a justice with a firm grasp on constitutional text, history and principles. Someone who can resist the severe pressure brought by Congress, by the executive branch, by state and local governments, and also by fellow justices to exceed the Constitution’s limits on government power. Does anything in her record suggest that Harriet Miers will be that sort of justice? We do not need to wait for Senate hearings to answer this question. What hearings will tell us, however, is whether the Senate, too, will succumb, in Hamilton’s words, to “a spirit of favoritism.”

Mr. Barnett is the Austin B. Fletcher Professor of Law at Boston University and the author of “Restoring the Lost Constitution: The Presumption of Liberty” (Princeton, 2004).
“To what purpose then require the co-operation of the Senate? I answer, that the necessity of their concurrence would have a powerful, though, in general, a silent operation. It would be an excellent check upon a spirit of favoritism in the President, and would tend greatly to prevent the appointment of unfit characters from State prejudice, from family connection, from personal attachment, or from a view to popularity. He would be both ashamed and afraid to bring forward, for the most distinguished or lucrative stations, candidates who had no other merit than that of coming from the same State to which he particularly belonged, or of being in some way or other personally allied to him, or of possessing the necessary insignificance and pliancy to render them the obsequious instruments of his pleasure.” ~ Alexander Hamilton

Scientology in the Subway

I came across a blog from a local here and I wanted to repost an interesting point Maximus makes on the recent rash of MTA commemorated posters for the 100th anniversary of the subway. This particular case is the artist, Kathy Jakobsen, is a committed Scientologist. She not only used the poster to promote her own religion, but also to plug a children’s book she wrote and a museum that exhibits her work. Sneaky and obnoxiously self-promoting.

(The Scientologists have a track record of dishonest self-promotion… e.g., secretly buying huge quantities of their own books to get them on the best-seller lists.)

Check out “Scientology in the Subway” post for pictures of the posters and additional comments