by John Walters
Tweet Me Right
Seems accurate pic.twitter.com/ucr3j1KTSC
— Chris capper Liebenthal (@Cog_Dis) January 24, 2019
Starting Five
Scare Traffic Control
At peak operational times there are approximately 5,000 airplanes in the sky at once (and yet on most cross-country flights you rarely see more than one or two cross your path), more than 2.6 million travelers flying daily in and out of U.S. airports and some 14,000 Air Traffic Control specialists, none of whom have been paid in more than a month. Nor have Air Marshals. Or TSA agents.
This is like some awful statistical probability experiment that, should it continue to run its course, will end in calamity. Catastrophe. The last large-scale domestic commercial air plane crash in the United States took place in 2009 when 49 people perished on a flight from Newark to Buffalo due to ice buildup on the wings. So we are nearing a happy decade anniversary (take a bow, Sully).
Yesterday unions that represent pilots, flight attendants and the ATC (the lone group not being paid), an alliance of more than 130,000 air travel pros, issued the following warning: “In our risk averse industry, we cannot even calculate the level of risk currently at play, nor predict the point at which the entire system will break.”
Then again, maybe they’re overreacting. What could possibly go wrong if people who are not paid to do a very important job (i.e., the ATC and TSA) kept not being paid? I mean, what’s the worst that could happen?
2. And Yet, No Backyard Or Basement
Hedge fund manager Kenneth Griffin just spent $238 million on an apartment at 220 Central Park South (of the two obnoxiously towering residential skyscrapers, it’s the one on the right). That’s by far—by more than double—the most money ever spent on a private residence in U.S. history and it doesn’t even hit .300 or smash 50 home runs.
Griffin’s home has 24,000 feet of space but no backyard (I mean, he has Central Park but then so do you and I) or driveway. Not even a moat. I mean, here’s Seton Castle in Scotland which sold for a fraction of the price ($6,5 million) in 2008
By the way, if you’re wondering what exactly hedge fund managers do to be worth all that money, it’s a little bit like being John Calipari: You recruit, recruit, recruit, except that instead of recruiting talented basketball players, you recruit billionaires and mega-millionaires. You recruit them to put their money into YOUR managed fund.
You have an SEC license (congrats, you passed a couple of tests) which allows you to trade directly with the big banks and who knows, with all that money in your arsenal, maybe (I mean, maybeeeeee) someone on the inside gives you a tip here and there because there could be a kickback in it.
At the end of the year, you keep a percentage (sort of like the vig for gambling) of what you bring in. You may not do better in terms of the market than Walker Capital or the average investor but it doesn’t matter because once upon a time you worked at Goldman or Credit Suisse and that C.V. persuaded enough billionaires to park their cash in your fund. Congrats!
(We may have gone off on a tangent about hedge funds and the people who work at them from what began as a simple item about the most expensive home ever purchased in the U.S.A. Oh, well.)
3. You Go Conway And I’ll Go Mine
In a new book by Cliff Sims, who spent 500 days working in the Trump administration (presumably Sims worked there for as long as he thought he needed in order to secure a high six-figures book deal), Chief Reptile Kellyanne Conway receives a withering review. In an excerpt from Team Of Vipers we found this line: “She seemed to be perennially cloaked in an invisible fur coat, casting an all-knowing smile, as if she’d collected 98 Dalmatians with only 3 more to go.”
MH recommends hitting that hyperlink. The last graf is a keeper.
4. Harden In The Garden*
*The judges who miss Lance Kerwin suggested “James At 61”
He makes it look SOOOO easy, but James Harden, abetted by 25 free throw attempts (22 of which he drained) scored a career-high 61 points and heated up frigid New York City in a 114-110 Rockets win. Only Carmelo Anthony (until last week, Harden’s teammate this season) has ever scored more points (62) at MSG and among Knicks opponents, only Kobe (also 61) had ever scored as much.
It was Harden’s 21st consecutive 30-point game and he also had 15 boards. The MVP race is O-VUH.
5. Wild Moose Chase
Should’ve been at Breckenridge Ski Resort in Colorado last Saturday, where a moose took after snowboarders in the wildest moment involving death-defying ski hijinks since the “Chinese Downhill” scene from Hot Dog, The Movie.
No one was hurt and the moose was excused for not wearing a lift ticket.
Music 101
Reap The Wild Wind
We have no basis for this assertion (when has that ever stopped us?) other than having lived through the era as teens, but we’d call late 1982-early 1983 as the peak of the New Wave era. It was a glorious epoch of synthesizers, androgynous lead singers and kids in our Arizona high school wearing trench coats to school cuz they wanted to pretend they livd in London or Manchester. For this song that was released in September of 1982, Ultravox teamed with producer George Martin. Yes, the guy behind the mixing board for the Beatles. That George Martin.
Remote Patrol
Warriors at Wizards
8 p.m. TNT
Sports creatures you’re watching right now, this month, that you should not take for granted because people will still be talking about them 20, 40 years from now: the New England Patriots and the Golden State Warriors. The Pats are headed to their ninth Super Bowl of the Belichick-Brady era. The Dubs are headed to their fifth straight NBA Finals and if you saw them sweep the Staples Center tenants the last few nights by 18 and 19 points, respectively, you know they’ve shifted to an even higher gear with the addition (UNFAIR, really) of Boogie Cousins. Savor it.