Every now and then something is sent my way that not only causes me to think but also puts a smile on my face. And please believe me when I say that I truly appreciate everything I receive. It is a rare day when I don’t get an email, text message or phone call from someone about something that they felt compelled to share. And the something that I am about to share with you … which I received a few days ago from Lou Cerny (Arlington Glass) who apparently had received it from John Shepard (PIW) who probably got it from someone else … is but one of those many things that come my way. So here we go … lean back and in your mind’s eye, picture the great comedy team of Bud Abbott and Lou Costello (think of their great skit “Who’s On First”) sitting on a park bench somewhere in Chicago or New York on a sunny day having the following discussion …
Costello: I want to talk about the unemployment rate in America.
Abbott: Good subject. Terrible times. It’s 7.8 percent.
Costello: That many people out of work?
Abbott: No … that’s 14.7 percent.
Costello: You just said 7.8 percent.
Abbott: Yes. 7.8 percent unemployed.
Costello: Right. 7.8 percent out of work.
Abbott: NO … that’s 14.7 percent.
Costello: Okay, so it’s 14.7 percent unemployed.
Abbott: NO … that’s 7.8 percent.
Costello: WAIT A MINUTE! Is it 7.8 percent or 14.7 percent???
Abbott: 7.8 percent are unemployed … 14.7 percent are out of work.
Costello: If you are out of work, you are unemployed!
Abbott: NO … Congress said that you can’t count the Out of Work as the unemployed. You have to look for work to be unemployed.
Costello: BUT THEY ARE OUT of Work!!!
Abbott: No, you miss the point.
Costello: What point?
Abbott: Someone who doesn’t look for work can’t be counted with those who look for work. It wouldn’t be fair.
Costello: Fair to who???
Abbott: The unemployed.
Costello: But ALL of them are out of work.
Abbott: NO, the unemployed are actually looking for work. Those who are out of work gave up looking and if you give up, you are no longer in the ranks of the unemployed.
Costello: So if you’re off the unemployment rolls that would count as less unemployment?
Abbott: Absolutely! Unemployment would go down.
Costello: The unemployment just goes down because you don’t look for work?
Abbott: Absolutely it goes down. That’s how they get it to 7.8 percent. Otherwise, it would be 14.7 percent and our government does not want you to read about 14.7 percentunemployment!
Costello: That would be tough on those running for re-election?
Costello: Wait … I got a question for you. That means there are two ways to bring down the unemployment number?
Abbott: Correct. Two ways.
Costello: Unemployment can go down if someone gets a job?
Costello: And unemployment can also go down if you stop looking for a job?
Costello: So there are two ways to bring unemployment down and the easier of the two is to have people stop looking for work.
Abbott: Now you’re thinking like an economist.
Costello: But I don’t even know what I just said!
Abbott: Now you’re thinking like Congress!
She Was There
If you have not as yet done so, make sure you read yesterday’s story about Deb Levy who was in Boston with her husband Mike, sister Patty and brother-in-law Vincent (who ran in the marathon) and was an eyewitness to much of what took place there this past Monday. Like everyone else, I am not only thankful that more people were not hurt but also hopeful that the individuals behind this will soon be brought to justice.
Finding Valor Report-Correction
After last week’s blog about my favorite band was published, I was quickly corrected regarding the misinformation I had presented about them. Specifically …Finding Valor has been selected to perform at the Fourth of July Taste of Lombard event in Lombard, Ill. I had the wrong town and I have been informed that this event in Lombard is very big, well-attended and features a fireworks show at its conclusion! Sorry for the mistake!
The Sports Thing
… Yes I know, but thank you anyway to the two readers who sent me emails pointing out the both of my Chicago baseball teams (Sox and Cubs) are now in last place in their respective divisions. But hey, why are we talking about baseball while the hockey season is still in full swing with the playoffs scheduled to start in about two weeks? Oh, and how, you might ask, are my Blackhawks doing? Well, look at that. Not only in first place in their division but best record in the NHL? Hmmmm.
The Quotable Thing
This week’s quote comes from old friend and regular reader Art Lafferty who probably sends something of interest my way at least once a month. Thanks for your contributions A,rt. They are much appreciated.
“The best way to predict the future is to invent it.” -Alan Kay, Apple Computer
Have A Great Week, Everybody!!!