Monday, August 7, 2006

Chase reluctant to give me my money, part 3

This instance is less important, but this time we also include a comparison to another bank.

Some 12-15 years ago I purchased some state of Illinois bonds from First Chicago (now JP Morgan Chase). At some point, they sold the rights to service some of these bonds to US Bank in Minnesota.  Two bonds matured this year on the same day, August 1, one from JP Morgan Chase and the other from US Bank.

I mailed them both, registered, on Friday July 28. 

I mailed one to US Bank in St. Paul, MN. I received a check Wednesday, August 2, which is as soon as it would be possible to receive a check. That's good service.

I mailed the other to JP Morgan Chase in Chicago.  I just received the check today, August 7th -- 5 days later. Where has this check been? It's been on a long tour. I mailed the bond to Chicago.  The check was issued in Dallas. The check was mailed from zip code 35210, somewhere in Alabama.

The net effect of this cross-country tour is that a bond that should have been paid out August 1 gets paid out August 8th -- one week later (since the banks are already closed tonight -- it won't be credited until tomorrow even if I use an ATM). 

This is called cash flow management.  I know what it's called, but I don't have to like it.

Earlier installments of this series:

http://journals.aol.com/mikekr/ZbicyclistsZlog/entries/2006/07/04/chase-reluctant-to-give-me-my-money-part-2/772

http://journals.aol.com/mikekr/ZbicyclistsZlog/entries/750

The obvious question is: when am I going to move banks? It's a pain to move an account -- especially one with several automated payments.  So, I only want to do it once. The nearest US Bank branch is 3.5 miles away, which is possible. Maybe I've found a candidate.

Saturday, August 5, 2006

Synergy -- or sometimes that pile of parts comes in handy.

Sometimes all that crap in my basement comes in handy.
 
I went into REI to get some camping stuff. They were having their "garage sale", which basically is a bunch of broken stuff cheap.  They had a nice Blackburn floor pump with a built-in gage for $10.
 
The problem was that the head was broken, making the pump useless. I remembered I had kept the hose and head off an old pump. I had once fixed that old pump by getting one of those pump repair kits that comes with the appropriate hardware (e.g. fitting and hose clamp), and had put it "somewhere".
 
Lo and behold, I quickly found the old hose and head, and fixed the pump to working order in less than five minutes. 
 
Now, if only I could figure out what to do with the rest of the crap.

Friday, August 4, 2006

Lest bicyclists get too sanctimonious about drugs

Interestingly, in a Velonews article on Floyd Landis's problems (testing positive for testosterone doping at the Tour de France) there's a Google ad -- for testosterone usable for doping!  Velonews probably just agrees to let Google post ads in this area and has no control over their content. Google just matches up key words. The result is, unfortunately, embarrassing.

The ad's in the lower left corner of the picture. The screen print transferred poorly to this journal page, due to AOL's limits on the size of images.

I wrote Velonews about this, but they didn't reply and it wasn't one of the letters to the editor they posted on the website.

 

Friday, July 28, 2006

Bicyclists are a drain on the environment?? #2

Now I'm actually reading the article, and there are some interesting little
facts along the way.

There's also a discussion on rec.bicycles.misc here:
http://groups.google.com/group/rec.bicycles.misc/browse_frm/thread/a6a739a9a02b0b59/37366830108b9b3a?hl=en#37366830108b9b3a

Some of those facts:


Average automobile in US uses 3.8 MJ/km. This is substantially higher than
the average for the OECD countries of 2.5 MJ/km. So, roughly speaking, if we
drove the smaller, more efficient vehicles common elsewhere in the developed
world we could drive just as far just as often and still use one-third less
gasoline.

A person on a bicycle uses 17kJ/km directly, or 77kJ/km in terms of food
energy (since the ratio of work done to food energy consumed is about 22%).
The energy required to produce, process, and transform the food is 5.75
times greater than the energy in the food, so the total energy cost is about
0.44MJ/km, or about 1/6 to 1/9th that of the automobile.  There's a lot of
difference between 17kj and 440kj, which might explain some of the
discrepancies in some of the discussions on this newsgroup over time over
the food energy cost of cycling.

Several dozen studies show exercise expenditure of 4.2 mJ/wk (about 1000
kcal, or what we usually call 1000 calories) is associated with a reduction
in all-cause mortality.

The fatality rate (from accidents) is assumed to be 12 times as high per
kilometer for cycling as for driving. Fatalities, of course, lower future
energy consumption.

Increasing logevity does not change end-of-life healthcare requirements, but
extends the healthy years.

Ulrich's conclusion is that bicycling that replaces automobile use (even if
you still own the automobile) lowers total per capita energy consumption
from all sources by -.005 (i.e. half of 1%), even allowing for the increased
energy used by living longer.  0.5% is well within the error range of his
analysis, so the effect could be zero.

However, if your biking kilometers don't replace automotive use, you don't
save energy, but still live longer. Therefore your energy use increases by
.037 (3.7%)  This makes sense -- many of us have noted that driving to a
ride uses up energy rather than saves it.

Electric scooters or electric bicycles have similar energy patterns and
fatality patterns as a bicycle (they just use electricity instead of food),
but don't increase longevity. Therefore, they have a more positive impact on
energy use over a lifetime.

As others have noted, Ulrich assumes the cyclist still owns the same number
of vehicles so he misses the energy benefits of not manufacturing the car.
Are there a lot of such people with "one less car" in their household (who
aren't posting on this newsgroup)? Is there an estimate somewhere of how
many? If there were such an estimate, this could be factored in.

All in all, the study documents its assumptions and is presented in a clear
manner and is worth a look.

Earl wondered who paid for the research. The paper doesn't say, but Ulrich
does have another bicycle paper in his resume, and this usually doesn't
indicate hostility:

Taylor Randall and Karl Ulrich, "Product Variety, Supply Chain Structure,
and Firm Performance: Analysis of the U.S. Bicycle Industry," Management
Science, Vol. 47, No. 12, December 2001, p. 1588-1604.

There's also this chapter:

Karl Ulrich, Taylor Randall, Marshall Fisher, and David Reibstein, "Managing
Product Variety: A Study of the Bicycle Industry," in Managing Product
Variety, Tech-Hua Ho and Chris Tang (editors), Kluwer Academic Publishers,
1998.

There's a bit of small-world theory involved here, since I just presented a
paper extending one of Reibstein's other models at an INFORMS conference,
(and Management Science is an INFORMS journal).

Thursday, July 27, 2006

Bicyclists are a drain on the environment?? #1

I'm indebted to Richard B for this gem:

"Research by UPenn professor Karl Ulrich came to the conclusion that
bicycles offer little benefit to the environment.

Why you may ask...

Because Cyclists live longer and therefore are more of a drain on energy
and resources!

Here is a link to the research paper in Adobe format.
http://tinyurl.com/eae2d:   or

http://opim.wharton.upenn.edu/~ulrich/documents/ulrich-cycling-enviro-jul06.pdf "

This reminds me of some of the old smoking arguments.
Governments argued that they should be compensated because of the cost of
taking care of sick smokers.
Tobacco companies argued that no compensation was appropriate because, since
smokers died sooner, they collected overall less in government benefits over
their lifetimes.

As I work on retirement planning -- retirement not being imminent, but
planning being necessary -- it's pretty clear that one of the big factors in
how much money I need to save up in retirement is how long I should plan on
living after retirement.

 

Sunday, July 16, 2006

Where to deleted characters go?

Although many of these entries read as though nobody even wrote them, let alone bothered to edit them, there is a certain amount of re-reading and editing going on. In the course of this, the backspace and delete keys are used heavily. 

So, where do those deleted characters go?

The laws of thermodynamics would seem somewhat relevant here. If letters can be neither created nor destroyed, then am I really destroying them? Do they go into some sort of letter sink, waiting to be recycled (self-plagarized) later?

If a humorous sentence is deleted, do the characters go to live in the Old Jokes Home?

What about quantum effects? When I delete something here, does it show up in somebody else's blog in some parallel universe? (In reverse, this effect would explain why sometimes these entries look like they were written by somebody else not in complete contact with this universe.)

More answers here: http://www.JumboJoke.com/ask_the_computer_guy_755.html 

Monday, July 10, 2006

Home bike mechanics prayer

    God, grant me the courage to fix what I can
    The money to let somebody else fix what I can't
    And the wisdom to know the difference.