Thursday, October 1, 2026

Some Traveling Thoughts



On this day
331 BC
Alexander the Great defeats Darius III of Persia in the Battle of Gaugamela.
959
Edgar the Peaceable becomes king of all England.
1189
Gerard de Ridefort, grandmaster of the Knights Templar since 1184, is killed in the Siege of Acre.
1553
Coronation of Queen Mary I of England
1787
Russians under Alexander Suvorov defeat the Turks at Kinburn.
1791
First session of the French Legislative Assembly.
1880
First electric lamp factory is opened by Thomas Edison.
1903
Baseball: The Boston Americans play the Pittsburgh Pirates in the first game of the modern World Series.
1910
Los Angeles Times bombing: A large bomb destroys the Los Angeles Times building in downtown Los Angeles, California, killing 21.
1918
World War I: Arab forces under T. E. Lawrence, also known as “Lawrence of Arabia” capture Damascus.
1947
The F-86 Sabre flies for the first time.
1949
The People’s Republic of China is established and declared by Mao Zedong.
1975
Thrilla in Manila: Muhammad Ali defeats Joe Frazier in a boxing match in 
Manila, Philippines.
1989
Denmark introduces the world’s first legal modern same-sex civil union called “registered partnership”.

***

Some Traveling Thoughts

Homuz oil traffic is up to 77% of pre-invasion levels. There is no Iranian oil traffic.

*

Auto and housing borrowing is flat, commercial is up. American assets total $542 trillion and, after debt, American net is about $300 trillion. (Assets include value, like pharmacuticals, over time.)
Household net is $187 trillion. 
Does that change your view of the national debt?

*

10,000 industrial job loss per month in Germany because of their crazy handling of energy and competion with the subdized economy in China. German auto and chemical sectors are suffering worst.

*

Michelle Cabrera on AI: A crisis is necessary. The Greek currency virtually evaporated in 2015 qnd it is now more valuable than France's.

*

The average NIL deal is $1700.
Female athletes are vastly preferred by advertisers because the industry thinks they are just better at it.

*

Ten years ago there was a single company in the US worth 1 trillion dollars; now there are ten.