Frugal Librarian #21: YOU: Power broker

Another financial tip the new book, New Frugality.   You’re smarter than a wall-street money manager.

Index funds duplicate the performance of a particular stock market index.  The most famous equity index fund is the S&P 500.  It is made up of stocks of the 500 largest publicly traded U.S. companies.  They’re on that list because they are the 500 BEST COMPANIES!

“Indexing is commonly referred to as passive investing.  No professional money manager is trying to beat the market, rapidly buying and selling stocks. Yet index funds routinely outperform most actively managed funds.  Why?  A big advantage is their low cost.  The annual fee for investing in the S&P 500 is some 0.10 percent versus an average of almost 1.5 percent for actively managed funds.  Index funds have no research analyst costs or multimillion dollar money manager salaries to pay.

Mark Kritzman of Windham Capital Management simulated an imaginary investor using index funds, mutual funds, and hedge funds.  Index funds had the highest rate of return at 8.27 percent, since the actively managed mutual fund’s costs are 3 times higher, and the hedge fund six times higher.

According to millionaire philanthropist Robert Wilson, “I’d say as a general rule put it in index funds.  I don’t see why small investors should horse around with money managers.”

Chariots of Fire

Who can forget the iconic slow-motion Vangelis theme music? Or the race around the courtyard of Trinity College? Or Eric Liddell’s race in which he is tripped and  heroically rallies.

Winning the 1981 Oscar for Best Picture, Chariots of Fire had it all. Stylish 1920’s fashions, beautiful Cambridge buildings (actually Eton), lush British estates, and a glimpse into history. (The main characters do have some basis in fact).

The title is taken from a William Blake poem:

Bring me my Bow of burning gold:                                                                               Bring me my Arrows of desire:                                                                                     Bring me my spear;  O clouds unfold!                                                                         Bring me my chariot of fire.

The film embodies the Olympic spirit and is just what you need to get inspired for marathon Olympic viewing.

Mascot Mania

Vancouver Olympic Mascots

What’s a modern-day Olympics without mascots?

Well, definitely still exciting but perhaps a little less fun.  If you were able to watch any of the opening ceremony for the Vancouver Winter Olympics, the emphasis on the traditional “First Nations” was obvious.  The media and marketing moguls have carried it a bit further by designing some cute, cuddly little mascots inspired by native creatures.  Here’s a few to look for:

  • Sumi — (the mascot for the paralympic games) is an animal spirit with the hat of a whale, Thunderbird wings and the furry legs of a black bear.
  • Quatchi — a friendly, if rather shy, young sasquatch, who wisely wears boots and earmuffs
  • Miga — a mythical sea bear, who’s part orca and part Kermode bear

If you go to the official website you and your kids can play games with Quatchi and the other mascots.  I don’t know about you, but it’s probably the closest I’ll ever get to competing in the Olympics!

The Armchair Traveler – Quebec

Louise Penny , a former  Canadian Broadcasting Corporation reporter, steeps her mysteries in the French culture of Quebec. Her Chief Inspector Gamache  series has been compared to Agatha Christie (a small village setting and large cast of characters and  surprise endings) .  In Brutal Telling, Gamache is called in when an unknown dead  body turns up in  local bistro. Penny’s skill is creating a place that is so appealing that  readers want to move there, bringing to life people you want to spend time with and describing meals that make you salivate.

Kathy Reichs works as a medical examiner in Quebec (and North Carolina). Apparently, the tv show Bones was inspired by Reichs’ work and she also works as a producer on the show.

The  heroine of her mysteries is Temperance Brennan, who, coincidentally, is a  forensic anthropologist who works in both Quebec and North Carolina. Monday Mourning is set in Montreal, where Tempe investigates the skeletons found in a pizzeria.  In this installment, her romance with detective Andrew Ryan is not going well, though the French Canadian setting is as magical as ever.

Canadians You Didn’t Know Were Canadian

Everyone knows Dan Ackroyd and Michael J. Fox. And perhaps you knew that Keanu Reeves and Jim Carrey were Canadian.

But did you know aboot Eric McCormack, of Will and Grace? And Matthew Perry of Friends? And Victor Garber of Alias?

Our very own Field of Dreams is based on Shoeless Joe by W.P. Kinsella, who is, you guessed it, not from Iowa, but from Alberta.

Also…..

Check out these Movies on Ice!

Hollywood must have had some serious Winter Olympic fever in the early Nineties because almost all of my favorite movies featuring skates, ice and attitudes were made between 1992 and 1994–not that surprising when I remember that these were the years of the great split between the Winter and Summer Olympics, and in order to get the new schedule on track the Winter Olympics were held only two years apart (Albertville, France in 1992 and Lillehammer, Norway in 1994). Here are my favorites:

The Cutting EdgeThe Cutting Edge:
I may have only been in elementary school when this movie first came out, but I was apparently woman enough to completely swoon over a tough guy hockey player getting in touch with his figure-skating sensitive side. Note that this movie was an obvious inspiration for the heated relationship between Will Ferrell and Jon Heder in 2007’s Blades of Glory.

Mighty Ducks
D2: The Mighty Ducks
D3: The Mighty Ducks:
From these movies I learned that the best way to deal with a person is to quack at them, flying Vs are unstoppable (unless you are playing the Varsity team), and Joshua Jackson is pretty awesome.

Cool Runnings:
This family comedy may skew the truth a lot from the events surrounding the real 1988 Jamaican bobsled team (I never realized how much until I was reading the Cool Runnings wikipedia post before writing this blog entry), but that won’t stop the tears from streaming down my face every time I watch it. And Doug E. Doug is hilarious! I wonder if I would be funnier if my name was Amber L Amber…

Agony of Defeat

The triumph of the human spirit…pfft.  More like triteness of the human spirit.   I can relate more to putting in a modest amount of effort and then not just coming up short, but failing…catastrophically…in front of a sizable audience.  I think most of us, therefore, are “Agony of Defeat” people.

ABC Wide World of Sports interposed various other symbolic clips and stills of the show’s intro over the course of decades, but they left the footage of “agony of defeat” static because the portrayal was so spot-on.  So, the initial humiliation had interest compounded for a small lifetime, week after week, until the wretched soul epitomized epic failure.

His name is Vinko Bogataj.  He was competing for Yugoslavia in the Ski-flying World Championships in Oberstdorf, West Germany (now Germany) on March 21, 1970 when his third run’s adjustment for excessive speed turned him into a self destructing cyclone of limbs and personal dignity.  He only received a concussion that day, but retired from competition.  According to various Internet sources, he transitioned into coaching, painting, and driving a forklift.

A rare blessing from the Cold War is he was unable to endure a televised lifetime of shame from across the Iron Curtain.  Imagine his surprise in 1991 during the Wide World of Sports’ 30th anniversary show when he was mobbed by such luminaries as Muhammad Ali who wanted HIS autograph.

Vinko Bogataj, we salute you.

YA (Canadian) Spotlight: Little Brother

We’ve been playing a lot of Canadian Spotting in our office as we gear up for the Winter Olympics, so I was gleeful when I came across a list of Canadian Authors which included Cory Doctorow–co-editor of the popular blog BoingBoing and author of several books including the YA bestseller Little Brother.

I will say up front that Little Brother has made me an extremely paranoid little lady. If you ever needed a book to slap you into paying attention to privacy and online security issues, this is it. Little Brother begins when a very technologically savvy high-schooler (aka Hacker) named Marcus skips school with his friends to play their favorite ARG (Alternate Reality Game) when they are interrupted by a bomb blowing up the San Francisco Bay Bridge. Marcus and his friends are picked up by the Department of Homeland Security within minutes of the attack and spend the next several days being interrogated and tortured. Upon his release, Marcus discovers that they are still imprisoning his best friend and have completely stripped San Francisco of personal privacy. So he begins to use those hacking skills the DHS was afraid of in order to create an underground movement to bring down the DHS–actions that soon lead his peers to proclaim him a hero and the American media to declare him a terrorist-supporter.

Check out Cory Doctorow’s website for Little Brother where you can download a free copy of the book and other readers’ remixes (Remixing ain’t just for music anymore, baby!). You’ll also want to mark your calendars for the ICON 35 conference held in Cedar Rapids on Nov. 5-7, 2010 where Doctorow will be the guest of honor!

Frugal Librarian #20: Frozen Credit

Another tip from the new book by NPR personality Chris Farrell, New Frugality… freeze your credit card.  No, not do a security freeze to prevent people from accessing your credit file, another great idea.

He means take the card out of your wallet or purse and put it in a container full of water.  Then give it the ol’ Han Solo treatment in your Frigidaire.

“Put the credit card away when you’re eliminating debt.  One technique is to store the card in the freezer.  That’s right, place the credit card in a container of water and stick it in the freezer.  You have to wait for it to thaw before you can use it again.  It gives you the time to think whether you really want to use it.  Yes, the card will work once it’s thawed.”

Are you ready for some Puppies?!

The Super Bowl means one thing to me: PUPPY BOWL! Why would I want to watch men run into each other aggressively when I can watch puppies roll around together adorably?! This year’s Puppy Bowl VI airs Feb. 7 on Animal Planet at 2 pm central time , and it is going to be awesome–Animal Planet has just announced that in addition to the playful Kitty Halftime Show, there will also be Bunny Cheerleaders and a Hamster Camera Crew! Can’t wait for all the action? Head on over to Animal Planet’s Puppy Bowl website and you can check out the Puppy Starting Line-up (so far my pre-game favorites are Bandit, Kiva and Fava), play puppy puzzle games, learn how to adopt and care for a puppy, and meet the equally adorable Puppy Bowl Ref:

It is nice to know that no matter what happens in the Super Bowl, the puppies always win!