Colby Curtin
June 20, 2009
Colby Curtin
Pixar, Poor Grades, and a Lost Sense: Buzz Week In Review
by Mike Krumboltz
14 hours ago
Some weeks in the Buzz are thrilling. Others are inspiring. However, this past week was filled with some sad and discouraging news. Some of the noteworthy stories you may have missed: A child dying of cancer asked for (and received) a private screening of Pixar’s “Up.” A Chicago school announced that 44 of its 77 students won’t graduate. Oh, and you know that nasal spray you’ve been using to help cure your cold? Turns out it might have taken away your sense of smell.
A child’s last wish
10-year-old Colby Curtin died of cancer this week, but before she passed away, her final wish was fulfilled. The child had desperately wanted to see the new Pixar movie, “Up.” Unfortunately, she was too ill to go to the theater. According to various articles within the Buzz, Pixar was told of Colby’s illness. The company sent a representative to deliver a DVD for Colby to watch in her room. Though she could no longer see, her mother narrated the action. Colby died several hours after the movie ended, and searches on “up movie make a wish” and “colby curtin up” both soared.
Tough times at South Side school
A Chicago school made an alarming announcement this week. Close to 60% of its students won’t graduate from the eighth grade. The startling figure sent lookups on “Myra Bradwell Elementary School” spiking. An article from CBS 2 Chicago explains that many in the community are wondering who to blame for the students’ failure. Some are pointing fingers at the parents, while those same parents are claiming they didn’t receive any notice that their children were struggling (the school board claims that written notices were sent).
What’s that smell?
When will companies learn to stop trying to cure the common cold? Perhaps now, after the FDA charged Matrixx, the makers of Zicam, with selling a product that robbed people of their sense of smell. Matrixx called the claim “unwarranted.” Still, the news caused a shockwave in Search as lookups roared on “zicam side effects,” “zicam recall,” and “loss of smell zicam.” An article from CNN Money explains that because Zicam was classified as a homeopathic remedy, it was able to be marketed without “government oversight.” Perhaps that loophole will soon be closed?
Also buzzing this week…
• Al Roker took it to the Spencer Pratt and Heidi Montag on “The Today Show.”
• The highly anticipated, if awkwardly named, iPhone 3G S hit store shelves.
• A rash of alleged UFO abductions struck our friends Down Under.
5 home repairs you shouldn’t ignore
On Friday May 1, 2009, 3:00 am EDT
By the time this home’s owner discovered the water damage, his roof had to be removed down to the rafters.
You might be tempted to put off fixing your home until the economy rebounds. Rebuild the patio? Sure, right after your 401(k) rallies. But some problems, if left unchecked, can lead to thousands of dollars in repairs (rebuilding a foundation wall, for instance) and might even compromise your family’s health, such as mold contamination.
The trouble signs are easy to spot, provided you know what to look for. What’s more, contractors aren’t as busy now, so they’re likely to be more flexible on price. Here are the five biggest red flags of home maintenance, with our advice on how to deal with them. No problems? Check out these Simple spruce-ups.
1. Runaway rainwater
“If there are 10 things that can go wrong with a house, 15 of them have to do with water,” says Bill Loden, a Madison, Ala., home inspector. Gutters, downspouts, and leader pipes collect rainwater and channel it away from the house. In very wet regions, leaders should extend at least 5 feet from the house. Check the entire gutter system seasonally for proper pitch and for clogs, corrosion, broken fasteners, and separation between connections and where gutters meet the fascia board. When inspecting gutters, extend straight ladders 3 feet beyond the roof at a 75-degree angle to the ground.
The soil around the foundation should slope away from the house at least 1 inch per foot for 6 feet or more. If you have planting beds along the foundation, make sure the grading of the bed, its edging, or the edge of the lawn isn’t keeping water from draining away from the house.
2. Roof and siding
Roofs are the most vulnerable to water infiltration, given their exposure to the elements and the laws of gravity. On a sunny day, use binoculars to spot cracked, curled, or missing shingles, which are signs that the roof is near its end of life. Also check flashing around chimneys, skylights, and roof valleys, and the rubber boots around vents for cracks.
Siding is also susceptible to leaks, especially where it meets windows and doors. A $5 tube of caulk might save you thousands of dollars in structural repairs. If you live in a cold climate, check the siding under the roof eaves for water stains, which could be a sign of ice damming. Adding attic insulation and sealing gaps around pipes, recessed lighting, and ducts into the attic might help prevent future damming and lower your heating and cooling bills.
3. Pest infestations
Termites and carpenter ants gravitate to moist soil and rotting wood, another reason to make sure your gutters are in good shape and soil around your foundation is graded properly. Also keep mulch, firewood, and dense shrubbery away from your foundation.
Once termites infiltrate a home, they can bore through the structure in a few short years. Formosan termites, which are prevalent throughout the South, have been known to rip through studs and floorboards in a matter of months. To detect termites, probe the sill plate (also called a mudsill) that sits on top of the foundation with a screwdriver to check for rotted wood. To check for carpenter ants, look for piles of sawdust along baseboards. Regular termites also shed wings along windowsills, walls, and other entry points.
Rodents gravitate toward disorder and debris, such as leaf piles around the foundation. Plug holes in the siding and the foundation walls with expandable foam. Don’t forget to look up for signs of birds, bees, or squirrels in soffits and attic vents.
4. Mold and mildew
Even houses in arid climates aren’t immune. Hot outdoor temperatures can drive even small amounts of water trapped in the structure to condense on colder interior surfaces, leading to mold. Musty odors, dank air, and family members with chronic runny noses are warning signs. Check under carpets and around windows for visible mold or mildew. Also remove cover plates for cable-TV, phone, and Internet connections, and use a flashlight to peer behind walls and wallpaper for mold.
Avoid mold tests sold at home centers and online. Each of the kits we tested had significant flaws that were serious enough to earn them a Not Recommended Rating in our 2006 tests.
If indoor mold covers less than 10 square feet, treat it yourself with a homemade solution of 1 cup chlorine bleach per gallon of water. Be sure to don an N-95 disposable respirator, goggles, and heavy-duty gloves. Professional remediation is required for larger outbreaks, if the ventilation system is contaminated, or if an allergy sufferer lives in the home.
5. Foundation cracks
Some cracks are harmless, but others can mean trouble. James Katen, a home inspector from Gaston, Ore., suggests walking around the house with a No. 2 pencil in hand. Hairline cracks are probably the result of concrete curing or minor settling, he says, and can be filled with an epoxy-injection system. “But if the pencil can go into the crack up to the yellow paint on the pencil, that’s a pretty wide crack and might be a sign of a major problem,” Katen says. A ruler is another handy tool: Cracks wider than 3/16 inch, even vertical ones, can be a problem. Mark smaller cracks with tape and monitor their progress over the coming months. Also be on the lookout for horizontal cracks or bulging or buckling. Along with expanding cracks, those conditions require the attention of a structural engineer. The longer you wait to correct a problem, the more costly it will probably be.
More red flags
- Cracks at upper corners of windows and doors (uneven foundation settling)
- Mushrooms or fungus growing out of siding (moisture in the walls)
- Soft boards or loose rails on outdoor decks (decaying deck structure)
- Soggy ground and lush vegetation around septic tank or leach fields (overfilled or failing septic tank)
- Missing or torn insulation in attic (pest infiltration)
- Scratches or algae on siding (overgrown trees or plants)
10 Quirky Economic Indicators
by Candice Lee Jones
Friday, June 12, 2009
hese off beat barometers of the economy can give you much needed guidance for your portfolio or simply a good laugh.
Everyone is scrambling to get their fingers on the pulse of the economy. When will it turn around? Have we seen the worst? The answers may not be as elusive as you might think.
In the past, you might have relied on the old Hemline Theory to determine which way the market was heading: As hemlines rose, so did stock prices. Think model Twiggy in her super-short mod dresses of the ’60s, followed by falling hemlines in the ’70s as the economy weakened.
But these days you’ll find all sorts of clues in everyday life to help determine where the economy really stands. Dry cleaners, for instance, may seem a bit more cluttered these days, and it’s true — many people are stalling an extra week before shelling out to pick up their clothes. Eyeliner sales are surging these days, and a cutback in eye makeup may signal a resurgent economy in which people are spending on costlier personal luxuries.
But these days you’ll find all sorts of clues in everyday life to help determine where the economy really stands. Dry cleaners, for instance, may seem a bit more cluttered these days, and it’s true — many people are stalling an extra week before shelling out to pick up their clothes. Eyeliner sales are surging these days, and a cutback in eye makeup may signal a resurgent economy in which people are spending on costlier personal luxuries.
1. Packed Theaters
During the last seven recession years, box office sales have increased in five of them. The new Star Trek movie pulled in more than $200 million in the month of May, just one example of how well cinemas are faring these days. According to the National Association of Theatre Owners, the number of movie tickets sold in the first quarter of 2009 increased more than 9% from last year.
Better films? Hot new actors? People continue to fill theater seats, NATO says, because movies are one of the least expensive entertainment options out of the house. The average ticket price in 2008 was $7.18. So when the lines get shorter, go buy some stock.
2. Green Thumbs
The National Gardening Association finds that the number of households who will grow their own fruits, berries, vegetables and herbs this year is 19% higher than in 2008.
That makes 43 million gardeners in the United States this year. It’s fun and relaxing, no doubt, but 54% of the respondents say the prospect of saving money on groceries motivates them to till the soil.
3. First Dates
Misery loves company, eh? Online dating service Match.com notices a pattern in its site activity during tough times. The fourth quarter of 2008 was their busiest in seven years (the site has been around since 1995). Match had a similar surge in late 2001, right after 9/11.
The company believes people are looking for someone with whom to try to forget about money troubles — or share the pain. When the Dow Jones industrial average dropped to a five-year low last November, Match.com had its second busiest weekend of the year.
4. Romance Novels
The economy has broken your heart and stomped it to pieces and now you need to put it back together. At least that’s what Harlequin, the giant romance novel publisher, says is happening. In 2008, Harlequin’s sales were up 32% from the year before. In 2009, its sales are still rising.
The publisher credits this its uplifting stories that offer a haven, and to the low prices of the books relative to other entertainment. This theory has stood the test of time. Harlequin saw a similar sales increase during the recession of the early 90’s. So if these stories start piling up unwanted on the discount table at the bookstore, alongside all those mis-timed guides to real estate riches, better news is on the way.
5. Droopy Eyes I
America is all tuckered out. A poll by the National Sleep Foundation found that nearly one-third of Americans lost sleep because they were worried about their finances. The 2009 Sleep in America Poll also found that 10% of those people tossed and turned specifically worrying about their jobs — roughly the same percentage of Americans who are out of work.
6. Droopy Eyes II
Americans spent $10.3 billion in 2008 to endure 1.7 million cosmetic surgeries, which is 9% less than in 2007. The American Society of Plastic Surgeons cites the bad economy.
Without as much extra cash — and facing depleted retirement funds and much less home equity — fewer people can spend freely on plastic surgery. The number of liposuction procedures was down 19% in 2008 and tummy tucks down 18%. If you can get an appointment with a top surgeon without much of a wait, that’s a sour sign for the economy. But, then again, maybe you can strike a deal.
7. Goopy Eyes
You’ve got that recession look in your eye. Total eye makeup sales at supermarkets and drugstores were up 8.5% in the one-year period that ended on March 22, compared to the previous year. In that time period, more than $260 million was spent on eye makeup — in particular, eye liner was up 9% and mascara almost 13%.
The leading lipstick indicator — the idea that lipstick sales rise in economic downturn as consumers settle for inexpensive luxuries — is not holding up. Lipstick sales are down 11%. But eye make-up has replaced lipstick as the indicator, so the principle is the same.
8. Gators
What do 100,000 alligators have to do with the economy? The gators are all residents at Savoie’s Alligator Farm, one of the largest alligator farms in Louisiana. The farm, which sells gator skin hides to tanners who in turn sell them to luxury designers like Louis Vuitton, has not sold a single hide since November, according to Savoie’s.
This business is awful because people are not buying alligator skin handbags and luggage. The makers of designer labels therefore don’t need to buy hides. This is tough on the gator farmers who are losing money fast and trying to keep the hides they already have in stock from spoiling. But it’s good news for alligators everywhere — if they only knew.
9. Dry Cleaning
The International Drycleaning and Laundry Institute is hearing gripes from many of its 5,000 members. The poor economy has customers are visiting less frequently and leaving clothes for longer. Weekly customers visit every two weeks, monthly customers visit bi-monthly, and some people delay their pickups even longer to avoid the bill. This has been a staple indicator of hard times before.
10. Mosquito Bites
We know the real estate bust has done a number on the economy, but did you know it can actually make you itch? In Maricopa County, Ariz., enormous numbers of foreclosed or abandoned homes have vacant swimming pools and unattended ponds. The stagnant waters — known as green pools — are a hotbed for mosquito breeding.
Maricopa County Environmental Services Department’s Johnny Diloné says crews have treated more than 4,000 green pools already in 2009. During the same period in 2007, before metropolitan Phoenix’s housing market collapsed, they had treated only 2,500. While most of the “green pools” are on vacant properties, some do belong to residents who just cannot afford to maintain their pools and ponds.
