Author Archives: Tom

Final PGA Tour money lists

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PGA_TourLogo110707.gifAfter last weekend’s final PGA Tour tournament of the year, the PGA Tour money list has been finalized for purposes of qualifying for the 2008 PGA Tour events. The top 125 on the list are fully exempt next year and the top 30 gets into the Masters. The Nationwide Tour money list is also finalized. The top 25 on that list earn a PGA Tour card for 2008.
Players not otherwise exempt that finish between 126-150 on the money list usually still get into 16-20 events in the following year, but they have little control over their schedules because they do not know what tournaments will be available for them. Many of these players in that part of the list also rely on past champion and sponsor exemptions. The players who are really in a tough spot are those who finished outside of the top 150 and have no other type of exemption status.

30 year anniversary of the first angioplasty

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angioplasty.JPGAngioplasty has been a common topic on this blog, so it seems fitting to pass along this article and related video about Dolf Bachmann, the first patient to undergo balloon angioplasty. Bachmann was 38 years old when he underwent the procedure on September 16, 1977 and now is a healthy and happy 68 year-old who enjoys an “excellent life” that includes hobbies such as “hiking, Nordic walking, skiing, working in my garden and playing cards.”

Dell quietly complies

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dell_logo110607.pngOne of the fringe benefits of the turmoil at Merrill Lynch and Citigroup last week is that Austin-based Dell Inc quietly filed five 10-Qs, a proxy statement and last yearís 10-K (see this previous post about Dell’s delinquent filings). The filings contain restated financial information stretching from 2003 to the first fiscal quarter of 2007 and brings Dell into compliance with Nasdeq rules regarding filing of periodic financial reporting. Jack Ciesielski in this AAO Blog post does the heavy lifting in analyzing Dell’s filings.

Winning by losing

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Money%20in%20fist.jpgDr. Michael Lewis penned this NY Times op-ed last weekend in which he asserts that Major League Baseball’s present revenue-sharing formula does little to affect the quality of the various teams on average, even though small market teams do well now and then:

The Colorado Rockiesí appearance in the World Series last month may have looked like evidence of success for revenue-sharing. Like the Oakland Athletics, the Minnesota Twins, the Detroit Tigers and the San Diego Padres last year, a small-market team proved competitive enough to reach the playoffs. But revenue sharing, as it is now structured, actually makes lasting success less likely for all five of these teams. [. . .]
Since 1998, millions of dollars have been transferred from richer teams to poorer ones in an attempt to let all teams share in the economic advantages associated with playing in big markets ó a large fan base, lots of press coverage and lucrative local cable television contracts. Last year, more than $300 million was transferred.
Yet since revenue sharing began, at least one team from each of the big four markets ó New York, Los Angeles, Chicago and Boston ó has appeared in every World Series except 2006. In the 10 years before 1998, in contrast, only two Series included one of those big-market teams.
The problem is that the teams receiving payments have come to use them as a primary source of income ó rather than to build winning teams. . .

As John Palmer sums up:

Revenue sharing has little impact on the expected marginal revenue and marginal costs of ticket sales, and it especially has little impact on the expected marginal revenue product and marginal factor costs of hiring more talent for the team. As a result, many teams like, say, Tampa Bay, respond to what is essentially a lump-sum transfer by pocketing the extra cash. [. . .]
So revenue-sharing also reduces the marginal revenue of an expected win, and not just for the big-market teams that are taxed to support the programme; it also reduces the incentive for small market teams, the recipients of revenue-sharing, to win too.

2007 Weekly local football review

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Stoops%20and%20Fran.jpg (Sue Ogrocki/AP photo; previous weekly reviews here)
Texans 24 Raiders 17

The banged-up Texans (4-5) gamely beat a dreadful Raiders (2-6) team in front of a few close friends and relatives in a nearly-empty Oakland Coliseum. Although the Raiders are one of the worst teams in the NFL along with Miami and St. Louis, the Texans played hard and overcame injuries to their starting QB (Matt Schaub), their best defensive back (Dunta Robinson) and their best running back (Ahman Green). The Texans get a badly-needed bye week next weekend before returning weekend to face the revived Saints (4-4) at Reliant.

Oklahoma 42 Texas Aggies 14

As one columnist put it:

Texas A&M chewed up considerable chunks of Owen Field turf with precise execution Saturday night.
And then the Aggie Band left the field.

A comment from an Aggie friend pretty well sums up how far the Aggies (6-4/3-3) football expectations have fallen under Coach Fran: “Well, at least it wasn’t 77-0.”
With less than 9 minutes to go in the 3rd quarter, with the Aggies already down 28-0 and with a first down on the Oklahoma 44, check out the following sequence:
1st and 10 at TA&M 47 — Jorvorskie Lane rush for 9 yards to the Okla 44.
2nd and 1 at OKLA 44 — Stephen McGee pass incomplete.
3rd and 1 at OKLA 44 — Stephen McGee pass incomplete.
4th and 1 at OKLA 44 — Justin Brantly punt for 27 yards, fair catch at the Okla 17.
4th and 1, in Oklahoma territory, down by 28, and Coach Fran doesn’t have the Aggies go for it? My sense is that the Aggies have surrendered. Another lopsided loss is likely at Missouri (8-1/4-1) next week before the Aggies’ regular season mercifully ends on the Friday after Thanksgiving in College Station against UT (8-2/4-2).

Texas Longhorns 38 Oklahoma State 35

With under 12 minutes to go, the Cowboys (5-4/3-2) led the Horns (8-2/4-2) 35-14 and had outgained the Horns 495 yards to roughly 300 yards. Less than 8 minutes later, the Longhorns had tied the score and, a couple of minutes later, Longhorn K Ryan Bailey kicked the winning field goal to pull out the victory.
During that 4th quarter, Texas had 311 of its season-high 589 yards of total offense and scored on all four possessions, including drives of 91 and 99 yards. QB Colt McCoy completed all eight of his passes in the 4th quarter for 145 yards and came up with a 14-yard scramble that put the Horns within range of Bailey’s game-winning field goal.
But the real story was RB Jamaal Charles, who had an incredible 4th quarter for the second straight week. Charles had 125 of his 180 rushing yards and two touchdowns in the 4th quarter, which means that he has 340 rushing yards and five TDs in the 4th quarter during the last two games!
As noted a couple of weeks ago, this relatively mediocre Longhorns team remains in the hunt for a BCS bowl game if they can beat Tech (7-3/3-3) at Austin next Saturday and the Aggies in College Station on the Friday after Thanksgiving. On the other hand, this Horns team is eminently capable of losing both games. Now, that’s entertainment!

Houston Cougars 38 SMU 28

The Cougars (6-3/5-1) dodged an inspired bullet in beating the Mustangs (1-8/0-5) in the ESPN Sunday night game at the Rob. The Mustangs, who clearly were playing with enthusiasm for their recently-fired head coach (Phil Bennett), gave the Coogs all they could handle. Only a revived Houston defense in the 4th quarter and the usual 500+ of total offense from the Coog offense pulled this one out. And, oh yeah, the Cougars all-everything RB Anthony Alridge even threw for a TD in this one. The Cougars go on the road for their C-USA showdown game with Tulsa (6-3/4-2) next Saturday.

Rice 56 UTEP 48

How on earth did the Owls (2-7/2-3) manage to win this game despite committing seven turnovers and allowing UTEP to recover two onside kicks? QB Chase Clement was outstanding (395 yards passing and six TDs; 103 yards rushing and two TDs), while WR Jarett Dillard (11 receptions for 168 yards and two TDs) was merely very good (he lost a fumble after a 60 yard catch and run). Ever since last year’s Rice-UH game, I’ve been a big Clement fan, so it would not surprise me if the Owls win their final three games of the season (at SMU (1-7/0-4), at home against Tulane (2-7/1-4) and Tulsa (6-3/4-2)), particularly if the Owls can mount any meaningful defense in those games. Clement and Dillard are the real deal.

Edwards scores

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I’ve criticized John Edwards over the years for his demagogic tendencies. However, I must admit that the video below by the Edwards campaign is darn effective. Don’t you know that Team Hillary will be working on those debating skills in the coming weeks?

Risky business

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ryanshay0303.jpgThe tragic death Saturday morning of 28-year-old veteran marathoner, Ryan Shay, during the United States Olympic trials marathon in Central Park in New York City reminds us of a very important health tip — long-distance running is not particularly healthy.
Update: Another participant in the marathon died afterward.

The Houston-Cleveland connection

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Patriots-Colts.PNG
Other than bad NFL football teams, what do Houston and Cleveland have in common? Not much, except that they are the only U.S. markets in which the Patriots-Colts game this afternoon will not be available for home viewers via network television.
The Browns play the Seahawks on FOX at the same time as the Patriots-Colts game, so the Cleveland market gets that game. Similarly, Houstonians must endure the Raiders-Texans game on CBS rather than the Patriots-Colts game. Oakland area residents wisely didn’t buy enough tickets to sell out the Raiders-Texans game, so that game is mercifully blacked out in the Bay Area, allowing viewers there to watch the Patriots-Colts game.
It’s painful enough having to watch the Texans all the time. Isn’t it about time for the NFL to ditch these absurd rules that prevent the best games from being viewed in certain markets?

Texas Haute Country

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Texas%20Hill%20Country.jpgThe New York Times discovers what we in Texas already know — the Texas Hill Country is wonderful!

Lyle Lovett turns 50

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LyleLovett.jpgWhile the subject of the previous post is a new Houstonian, the subject of this Tennessean.com article is one of my favorite native Houstonians, the humble and multi-talented, Lyle Lovett.
Lovett performed and received the “Trailblazer Award” at the Americana Music Awards and Honors in Nashville last night. He also turned 50. As the article notes, Lovett’s marvelous talent has generated a remarkably consistent musical product throughout his 21 year recording career:

A back-to-back listen to his self-titled debut album and to new album It’s Not Big It’s Large offers evidence that Lovett has broadened but not changed his sound or style during his career. His songs have always been layered, intelligent and emotionally precise, written in moments of inspiration and whittled to marrow. Back then, they called his stuff “country.” Now it’s “Americana.” Go figure.

A marvelous songwriter, Lovett passes along arguably his most important songwriting quality:

“I don’t feel like [songwriting is] harder as you go along,” he said. “I’ve always felt like it’s hard. I’m always blocked as a writer, always. And every time I write something I’m happy with, I have this feeling like, ‘That could be the last one.’ “