Wednesday, May 7, 2008

You Can Stop the Sox...

You can stop them and contain them.

Funny story. I had an etire post written celebrating the Sox' 7th straight win. A funny thing happened on the way to victory. Julio Fucking Lugo. That's what happened.

Seriously, when is Theo going to get some grief for Lugo (not to mention the short leash on Renteria, A-Gone, etc.)? This guy is a freaking joke. He can't hit. He can't field. He doesn't even tug on his jock anymore so he even FAILS at comic relief.

I mean, seriously:

Anyway.... Might as well get it over and do Three things I noticed: (1) Youkilis is a baby. Nothing new here, but man, get a grip. Going that batshit crazy in the 5th inning over what really was a close pitch is asinine. He's a whiny player generally, but take stock of the situation. Getting thrown out in that situation (and it was close) would be like a defensive lineman getting a stupid unsportmanlike after stopping an offense on third and long.

(2) I think Ortiz's knee is actually o.k. Not sure if he had a cortisone shot and nobody's telling or if he's just working out whatever kinks he had, but he's looking more "normal" at the plate and was definitely hustling down the line tonight on the grounders he had.

(3) [Yes, I actually had the hubris to write this before the game ended] I actually feel a little bad for Tigers fans this year. I was one of the deluded who thought they'd tear through the season with a sick offense (every position player save one a former all star). I didn't realize how much their pitching would regress. D-Train is no surprise, but Verlander and Bonderman becoming (more) average were and that pen is just atrocious. The new guy (Cruetsa) wasn't that impressive tonight either. Shaping up to be a long season for them.

Some linking around:

Jere at Red Sox Fan in Pinstripe Territory has an interesting history lesson on the '04 (that's 1904) Sox. Great blog - very interactive, if a little focused on Yankee misery. He also has the most comprehensive Blogroll of Sox blogs I have seen (although sadly not mine).

Looks like Red Sox Chick had the same thought process I had while writing this post. From "looks like the Sox are taking this one" to "WTF Lugo you !%#^$&!"

Not much else of interest in Red Sox blogdom tonight. So it's on to....

The Taxes Update

I'm a bit late with this, but New York City is looking to tax carried interest in hedge funds and other private equity funds. Right now the "unincorporated business tax", which taxes partnerships and LLCs at a 4% rate, does not apply to profits from investment partnerships, so carried interest is currently not subject to this tax.

Not sure about the Journal's take on this. Most hedge funds already operate out of CT to minimize taxes on the management fee (which the UBT already applies to). Those that remain in NYC do so because they obviously see a business reason to do so, regardless of the already MUCH higher taxes in NYC. Not sure an additional 3 or so % tax on income that, for the most part, makes up less than 1/3 of an investment fund manager's comp is going to spark a massive "head for the hills" response.

The most interesting aspect of this is that it will serve as an incubator for the larger federal initiative of taxing carried interest as comp. If investment funds do not, in fact, leave New York after this tax is applied, that may convince some legislators to back additional federal taxes on carried interest (some legislators are reportedly concerned about driving funds offshore).

The Death Update

Today, a titan who nobody has ever heard of. Morgan Sparks was 91.

He invented the "practical transistor." Why is that a big deal? It's only the precursor technology to basically every electronic device in use today.

An appreciation is here. The obit is here.

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