Acceleration is fierce. The power rush above 4500rpm is especially hard, almost disorienting. I said almost. The second time at wide open throttle you’re used to it. A little bit. However starting in first gear at full throttle, once in third, the scenery is blurring and you realize you’ve just rushed past any national speed limit and potentially going to be in a lot of trouble if there are any witnesses. It was simply glorious, raw and beastly.
Congressional Legislation Introduced By Barney Frank Pre-Approves $4 Trillion For Next Crisis
Barney Frank introduced H. R. 4173 purportedly “To provide for financial regulatory reform, to protect consumers and investors, to enhance Federal understanding of insurance issues, to regulate the over-the-counter derivatives markets, and for other purposes.”
The bill is 1,279 pages long. I did not read it in entirety but Bloomberg columnist David Reilly did. It is amazing the things Barney Frank buried in a bill that is supposed to protect consumers. The bill does nothing for consumers, but does allocate $4 trillion to fighting the next financial crisis.
Please consider Bankers Get $4 Trillion Gift From Barney Frank: David Reilly.
To close out 2009, I decided to do something I bet no member of Congress has done — actually read from cover to cover one of the pieces of sweeping legislation bouncing around Capitol Hill.
Hunkering down by the fire, I snuggled up with H.R. 4173, the financial-reform legislation passed earlier this month by the House of Representatives. I quickly discovered why members of Congress rarely read legislation like this. At 1,279 pages, the “Wall Street Reform and Consumer Protection Act” is a real slog.
Here are some of the nuggets I gleaned from days spent reading Frank’s handiwork:
For all its heft, the bill doesn’t once mention the words “too-big-to-fail,” the main issue confronting the financial system.
Instead, it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule.
Oh, hold on, the Federal Reserve and Treasury Secretary can’t authorize these funds unless “there is at least a 99 percent likelihood that all funds and interest will be paid back.” Too bad the same models used to foresee the housing meltdown probably will be used to predict this likelihood as well.
The bill also allows regulators to “prohibit any incentive-based payment arrangement.” In other words, banker bonuses are still in play.
The bill isn’t all bad, though. It creates a new Consumer Financial Protection Agency, the brainchild of Elizabeth Warren, currently head of a panel overseeing TARP. And the first director gets the cool job of designing a seal for the new agency. My suggestion: Warren riding a fiery chariot while hurling lightning bolts at Federal Reserve Chairman Ben Bernanke.
Best of all, the bill contains a provision that, in the event of another government request for emergency aid to prop up the financial system, debate in Congress be limited to just 10 hours. Anything that can get Congress to shut up can’t be all bad.
There’s much more in Reilly’s article. I was hoping this was a spoof, but sadly it is not. Here is the section of H. R. 4173 allocating up to $4 trillion.
FINANCIAL CRISIS MANAGEMENT
(1) IN GENERAL.In unusual and exigent circumstances, the Board of Governors of the Federal Reserve System, upon the written determination, pursuant to section 1109 of the Financial Stability Improvement Act of 2009, of the Financial Stability Oversight Council, that a liquidity event exists that could destabilize the financial system …. and with the written consent of the Secretary of the Treasury (after certification by the President that an emergency exists), may authorize any Federal reserve bank, ….
Upon making any determination under this paragraph, with the consent of the Secretary of the Treasury, the Financial Stability Oversight Council shall promptly submit a notice of such determination to the Congress. The amounts made available under this subsection shall not exceed $4,000,000,000,000.
Don’t worry there is a 99% chance the money will come back as low quality collateral is excluded.
CLARIFICATION OF ‘SECURED TO THE SATISFACTION OF THE FEDERAL RESERVE BANK’.
No member of the Board of Governors of the Federal Reserve System shall vote to authorize any action permitted under paragraph (1) and the Secretary of the Treasury shall not provide the written consent required by paragraph (1) unless that member believes and the Secretary of the Treasury believes:
‘‘(A) that there is at least a 99 percent likelihood that all funds disbursed or put at risk by such action will be repaid to the Federal Reserve System; and ‘‘(B) that there is at least a 99 percent likelihood that all interest due on any funds disbursed will also be paid to the Federal Reserve System.
‘‘(3) LOW QUALITY ASSETS EXCLUDED.
The notes, drafts, and bills of exchange available for discount for purposes of paragraph (1), and the security for those notes, drafts and bills of exchange may only include any of the following assets if such asset is used to further enhance the security for those notes, drafts and bills of exchange which shall be fully secured with assets that are not any of the following assets: ….
Gee, I sure hope that makes you feel better.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
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Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.
Transportation Communications Newsletter
Wednesday, December 30, 2009 – ISSN 1529-1057
AVIATION
1) Building a Better Pilot
Link to article in The Buffalo News:
http://www.buffalonews.com/home/story/907783.html
GPS / NAVIGATION
2) Why Aren’t GPS Navigation Systems More Reliable?
Link to article in PC World:
http://www.pcworld.com/article/185595/why_arent_gps_navigation_systems_more_reliable.html
SAFETY / SECURITY
3) Ford, MIT to Study Driver Stress
Researchers will look at ways technology can reduce driver stress.
Link to AP article:
http://finance.yahoo.com/news/Ford-MIT-to-study-driver-apf-3349861935.html?x=0&.v=1
TRAVELER INFORMATION / TRANSPORTATION MANAGEMENT
4) New California Traffic Monitoring System Means Jobs
Link to story and video on KXTV-TV:
http://www.news10.net/news/local/story.aspx?storyid=72449&catid=324
5) Message Boards Popping Up Along Chattanooga’s Highways, Interstates
Link to article in the Chattanooga Times Free Press:
http://www.timesfreepress.com/news/2009/dec/30/message-boards-popping-up-along-chattanooga/
6) Nova Scotia’s Cobequid Pass Gets New Webcam and Weather Information Station
Link to article in The Chronicle Herald:
http://thechronicleherald.ca/NovaScotia/1159930.html
7) Smart Highways Taking to the Road via International Initiatives
Link to article in Aftermarket Business:
VEHICLES
Top Ten In-Cabin Technologies of the Decade
Link to article in Edmunds Daily:
News Releases
1) iSuppli Exclusive: The Connected Car Arrives at CES
2) Presidential Executive Order on Distracted Driving Effective Today
Upcoming Events
Transportation Research Board Webinar: Communicating the Value of Transportation Research – January 27
http://www.trb.org/Main/Blurbs/TRB_Webinar_Communicating_the_Value_of_Transportat_162770.aspx
Today in Transportation History
1959 **50th anniversary** – The USS George Washington, the first ballistic nuclear submarine, was commissioned.
http://www.navysite.de/ssbn/ssbn598.htm
======================================================================
The Transportation Communications Newsletter is published electronically Monday through Friday.
To subscribe or unsubscribe, please visit:
http://groups.google.com/group/tcnl/subscribe
If you have any difficulties please contact me at i95berniew@aol.com.
TCN archives: http://groups.yahoo.com/group/transport-communications
Questions, comments about the TCN? Please write the editor, Bernie Wagenblast at i95berniew@aol.com.
© 2009 Bernie Wagenblast www.bwcommunications.net
WheelSTO released a new upgrade program for the BMW 135i, the WSTO Project 1 v1.2. The WheelSTO WSTO Project 1 v1.2 comprise a Bastuck prototype US-spec quad exhaust system for the 135i, a carbon fiber rear diffuser from 3D Design was dispatched in from Japan, attaching perfectly to the stock bumper.
The WheelSTO WSTO Project 1 v1.2 comes with an H&R Sport Springs which is drop the car drastically. Gunmetal-finish Advan RZ wheels measure 19×8 +45 and 19×9 +50 are wrap up with the Yokohama Advan AD08, 225/35/19 and 255/30/19 performance tires.
WheelSTO released a new upgrade program for the BMW 135i, the WSTO Project 1 v1.2. The WheelSTO WSTO Project 1 v1.2 comprise a Bastuck prototype US-spec quad exhaust system for the 135i, a carbon fiber rear diffuser from 3D Design was dispatched in from Japan, attaching perfectly to the stock bumper.
The WheelSTO WSTO Project 1 v1.2 comes with an H&R Sport Springs which is drop the car drastically. Gunmetal-finish Advan RZ wheels measure 19×8 +45 and 19×9 +50 are wrap up with the Yokohama Advan AD08, 225/35/19 and 255/30/19 performance tires.
Question: What is the cost estimate on changing a ’72 Impala Custom Coupe(Hard top) into a convertible top?
-T.D. Wise
____________
Have a question about cars you would like answered? Want to know about performance, racing, modifying, shopping, makes, models, events, etc? Ask me here: AskRobAboutCars@gmail.com and I’ll do my best to answer your question and publish it here on Examiner.com!
Question: What is the cost estimate on changing a ’72 Impala Custom Coupe(Hard top) into a convertible top?
-T.D. Wise
____________
Have a question about cars you would like answered? Want to know about performance, racing, modifying, shopping, makes, models, events, etc? Ask me here: AskRobAboutCars@gmail.com and I’ll do my best to answer your question and publish it here on Examiner.com!
Transportation Communications Newsletter
Tuesday, December 29, 2009 – ISSN 1529-1057
AVIATION
1) ADS-B ‘Critical’ Sites Begin Operating
Link to article in Avionics:
http://www.aviationtoday.com/av/topstories/ADS-B-Critical-Sites-Begin-Operating_65308.html
2) FAA Uses High-Tech Recruiting Tool
Link to story and video on KSAZ-TV:
http://www.myfoxphoenix.com/dpp/money/job_news/faa_jobs_122809
CAMERAS
3) Red Light, Parking Tickets are Growing Revenue Source for New Orleans
Link to article in The Times-Picayune:
http://www.nola.com/politics/index.ssf/2009/12/red_light_parking_tickets_prov.html
CARTOGRAPHY
4) Growing Virginia Satellite Imaging Company has Global View
Link to article in the Loudoun Independent:
5) Mike Siegel, Rutgers Cartographer Puts New Jersey at Our Fingertips
Link to article in The Star-Ledger:
http://blog.nj.com/iamnj/2009/12/mike_siegel_rutgers_cartograph.html
ELECTRONIC TOLLING
6) Transport Companies Ask for Delay in Slovakia’s Electronic Toll System
Link to article in The Slovak Spectator:
GPS / NAVIGATION
7) Cell Phone GPS App Could Help Illegal Immigrants Cross Mexico-US Border
Link to article and video in USA Today:
MARITIME
NOAA Tests Free ‘BookletCharts’ with Boaters
Link to article in the Anchorage Daily News:
http://www.adn.com/news/alaska/rural/story/1071942.html
PUBLIC INFORMATION / EDUCATION
9) Tennessee Anti-drunken Driving Campaign for Latinos Gets Grant Extension
Link to article in The Tennessean:
10) Safety Campaign Spots Worrisome Traffic Trends
Link to article in Fleet Owner:
http://fleetowner.com/news/topstory/1229-operation-safe-driver-campaign/
Link to news release from the Commercial Vehicle Safety Alliance:
http://www.cvsa.org/news/2009_press.aspx
ROADWAYS
11) New York City Street Fair Bureaucracy Goes Digital
Link to article in The New York Times:
http://cityroom.blogs.nytimes.com/2009/12/28/street-fair-bureaucracy-goes-digital/
SAFETY / SECURITY
12) New Call for Faster, More Thorough Airport Body Scans
Link to article in USA Today:
http://www.usatoday.com/news/nation/2009-12-28-airport-body-scan-machines-terror_N.htm
13) Confusion Fills Skies After Attempted Bombing
Link to AP article:
http://finance.yahoo.com/news/Confusion-fills-skies-after-apf-3165802473.html?x=0&.v=2
14) US Government Launches Distracted Driving Web Site to Warn, Inform
Link to article in Motor Trend:
Link to Distraction.gov: http://www.distraction.gov/
15) Police: Twitter Used to Avoid DUI Checkpoints
Link to McClatchy Newspapers article:
http://seattletimes.nwsource.com/html/nationworld/2010618380_twitterdui29.html
TELEMATICS
16) Automotive Aftermarket Shop of Tomorrow May Include Telematics
Link to article from Aftermarket Business:
TRAVELER INFORMATION / TRANSPORTATION MANAGEMENT
17) New Rules Require Better Warnings of Traffic Delays
Link to article in USA Today:
http://www.usatoday.com/news/nation/2009-12-28-traffic-info_N.htm
18) Blizzard Overwhelms South Dakota 511 Hotline
Link to article in the Argus Leader:
http://www.argusleader.com/article/20091229/NEWS/912290327/1001/news
VEHICLES
19) US Environmental Protection Agency Launches Emissions Simulator
Link to article in Environmental Leader:
http://www.environmentalleader.com/2009/12/29/epa-launches-vehicle-emissions-simulator/
News Releases
1) Ford First to Enable iTunes Tagging with Launch of New HD Radio Capability in Its Lineup
2) Connecticut Governor Announces $6 Million for Work on Positive Train Control System for Metro-North
3) Durham, North Carolina Traffic Cameras to be Made Available Online and on Cable TV
4) Passur Launches National Network of Airport Condition Reporting
5) Ford Takes Pragmatic Approach to In-Car Wi-Fi and Internet Access
Upcoming Events
3rd Annual Transportation & Infrastructure Convention – March 10-12 – Washington, DC
http://www.transportationsummit.com/
Today in Transportation History
1939 **70th anniversary** – The Consolidated B-24 made its first flight.
http://www.nationalmuseum.af.mil/factsheets/factsheet.asp?id=2461
======================================================================
The Transportation Communications Newsletter is published electronically Monday through Friday.
To subscribe or unsubscribe, please visit:
http://groups.google.com/group/tcnl/subscribe
If you have any difficulties please contact me at i95berniew@aol.com.
TCN archives: http://groups.yahoo.com/group/transport-communications
Questions, comments about the TCN? Please write the editor, Bernie Wagenblast at i95berniew@aol.com.
© 2009 Bernie Wagenblast www.bwcommunications.net
Transportation Communications Newsletter
Tuesday, December 29, 2009 – ISSN 1529-1057
AVIATION
1) ADS-B ‘Critical’ Sites Begin Operating
Link to article in Avionics:
http://www.aviationtoday.com/av/topstories/ADS-B-Critical-Sites-Begin-Operating_65308.html
2) FAA Uses High-Tech Recruiting Tool
Link to story and video on KSAZ-TV:
http://www.myfoxphoenix.com/dpp/money/job_news/faa_jobs_122809
CAMERAS
3) Red Light, Parking Tickets are Growing Revenue Source for New Orleans
Link to article in The Times-Picayune:
http://www.nola.com/politics/index.ssf/2009/12/red_light_parking_tickets_prov.html
CARTOGRAPHY
4) Growing Virginia Satellite Imaging Company has Global View
Link to article in the Loudoun Independent:
5) Mike Siegel, Rutgers Cartographer Puts New Jersey at Our Fingertips
Link to article in The Star-Ledger:
http://blog.nj.com/iamnj/2009/12/mike_siegel_rutgers_cartograph.html
ELECTRONIC TOLLING
6) Transport Companies Ask for Delay in Slovakia’s Electronic Toll System
Link to article in The Slovak Spectator:
GPS / NAVIGATION
7) Cell Phone GPS App Could Help Illegal Immigrants Cross Mexico-US Border
Link to article and video in USA Today:
MARITIME
NOAA Tests Free ‘BookletCharts’ with Boaters
Link to article in the Anchorage Daily News:
http://www.adn.com/news/alaska/rural/story/1071942.html
PUBLIC INFORMATION / EDUCATION
9) Tennessee Anti-drunken Driving Campaign for Latinos Gets Grant Extension
Link to article in The Tennessean:
10) Safety Campaign Spots Worrisome Traffic Trends
Link to article in Fleet Owner:
http://fleetowner.com/news/topstory/1229-operation-safe-driver-campaign/
Link to news release from the Commercial Vehicle Safety Alliance:
http://www.cvsa.org/news/2009_press.aspx
ROADWAYS
11) New York City Street Fair Bureaucracy Goes Digital
Link to article in The New York Times:
http://cityroom.blogs.nytimes.com/2009/12/28/street-fair-bureaucracy-goes-digital/
SAFETY / SECURITY
12) New Call for Faster, More Thorough Airport Body Scans
Link to article in USA Today:
http://www.usatoday.com/news/nation/2009-12-28-airport-body-scan-machines-terror_N.htm
13) Confusion Fills Skies After Attempted Bombing
Link to AP article:
http://finance.yahoo.com/news/Confusion-fills-skies-after-apf-3165802473.html?x=0&.v=2
14) US Government Launches Distracted Driving Web Site to Warn, Inform
Link to article in Motor Trend:
Link to Distraction.gov: http://www.distraction.gov/
15) Police: Twitter Used to Avoid DUI Checkpoints
Link to McClatchy Newspapers article:
http://seattletimes.nwsource.com/html/nationworld/2010618380_twitterdui29.html
TELEMATICS
16) Automotive Aftermarket Shop of Tomorrow May Include Telematics
Link to article from Aftermarket Business:
TRAVELER INFORMATION / TRANSPORTATION MANAGEMENT
17) New Rules Require Better Warnings of Traffic Delays
Link to article in USA Today:
http://www.usatoday.com/news/nation/2009-12-28-traffic-info_N.htm
18) Blizzard Overwhelms South Dakota 511 Hotline
Link to article in the Argus Leader:
http://www.argusleader.com/article/20091229/NEWS/912290327/1001/news
VEHICLES
19) US Environmental Protection Agency Launches Emissions Simulator
Link to article in Environmental Leader:
http://www.environmentalleader.com/2009/12/29/epa-launches-vehicle-emissions-simulator/
News Releases
1) Ford First to Enable iTunes Tagging with Launch of New HD Radio Capability in Its Lineup
2) Connecticut Governor Announces $6 Million for Work on Positive Train Control System for Metro-North
3) Durham, North Carolina Traffic Cameras to be Made Available Online and on Cable TV
4) Passur Launches National Network of Airport Condition Reporting
5) Ford Takes Pragmatic Approach to In-Car Wi-Fi and Internet Access
Upcoming Events
3rd Annual Transportation & Infrastructure Convention – March 10-12 – Washington, DC
http://www.transportationsummit.com/
Today in Transportation History
1939 **70th anniversary** – The Consolidated B-24 made its first flight.
http://www.nationalmuseum.af.mil/factsheets/factsheet.asp?id=2461
======================================================================
The Transportation Communications Newsletter is published electronically Monday through Friday.
To subscribe or unsubscribe, please visit:
http://groups.google.com/group/tcnl/subscribe
If you have any difficulties please contact me at i95berniew@aol.com.
TCN archives: http://groups.yahoo.com/group/transport-communications
Questions, comments about the TCN? Please write the editor, Bernie Wagenblast at i95berniew@aol.com.
© 2009 Bernie Wagenblast www.bwcommunications.net
Big discounts on remaining Pontiacs and Saturns, but you have to find one first

Plymouth Rock in a Saturn Astra: Plymouth, Saturn and this chicken are all gone
The Wall Street Journal ran an article today about General Motor’s generous cash allowances to Pontiac and Saturn dealers to help in cleaning out remaining inventory.
View some of my favorite Pontiac and Saturn models in this linked slideshow.
Naturally, visions of tremendous discounts off highly desirable models danced in buyers’s heads on boards like Slickdeals. However, if you think the world is going to hand you a fully loaded Astra for $13,000, you had better realign your sense of reality: Most of the highly desirable models are already gone.
I ran Pontiac’s inventory checker to see what was left here in the San Francisco Bay Area, here is what I found:
One 2009 G6 GT Convertible
Three 2009 G5 Coupes
That’s right folks, no G8 sedans, Solstice coupes or Vibes are left in the immediate area. That is not to say that a dealer could not locate one for you, there are more Pontiacs available if you look further beyond your zip code, but obviously there is less incentive to offer a cut throat price on a vehicle a dealer has to get from somewhere else.
At the beginning of December, there were only 14,500 Pontiacs and Saturns left system wide. Spread out over the United States, that yields a pretty slim selection for buyers to pick from. For California buyers looking to perhaps score an extra good deal from a hard hit dealer in another state, factor in that all cars with less than 7,500 miles need to meet California emissions standards, so make absolutely sure that the emissions sticker states that it meets California standards.
All of this is not to say that an enterprising buyer cannot score one heck of a deal, but keep in mind that most of the low hanging fruit has been picked.










