You gotta feel bad for poor 'ol Kenneth Frazier; having to scrape by on $7,600 dollars per hour...Steve, back in 1962 most jobs didn't include health insurance so we paid the doctor out of pocket for maternity care. Same with the hospital for the delivery. The doctor cost about $200 for 7 months of care and being in the delivery room. The hospital was $360. My weekly income was $60 - $100, depending on the number of jobs I worked - one totaled $60 and three totaled $100.
When I was self employed I paid 15.3% of earnings for Social Security and Medicare. It's 7.65% if you work for someone (who pays 7.65% as well). Now that I'm retired Social Security pays me and Medicare Parts A&B cover 80% of my medical costs (except prescriptions). Prescriptions are covered by private Medicare Part D plans and the amount they cover varies all over the place, as does the premium that goes with that coverage. I pay another private insurance company to take care of the 20% Medicare A&B doesn't cover. One drug I was taking (Xolair) cost $9,000 a month for two shots if you didn't have insurance, $2,400 under Medicare and $480 co-pay that was paid by the extra insurance. I filed my taxes last week and had $25,000 in medical deductions between the two of us (we had some 'minor' dental work done).
One recent overnight hospital stay would have cost a year's income if I didn't have insurance.
Joe, thanks for visiting my weird corner of the GJ.
If the drugs sold in the United States were all developed and manufactured here there might be some justification for higher prices but many of these drugs are developed and manufactured in other countries. The Eliquis I take is manufactured in Turkey, where the The average monthly salary is about 7,830 Turkish Liras ($420.08 USD).
The CEOs (Chief Executive Officers) of the top 15 drug companies have salaries in the $1,500,000 neighborhood. In addition to salaries, they all get performance bonuses, stock options and use of private company jets. Alex Gorsky, CEO of Johnson & Johnson, received a total compensation package of $26,274,000 in 2022. Kenneth Frazier, CEO of Merck & Co. is at the bottom of the 15-company barrel and has to scrape by on $15,200,000. The rest of the executives receive smaller pay packages but way more than the average worker in the company. Drug company CEOs make about 400 times more than their average employee.
Those stock options can be gold mines. Moderna stock was selling for $19 a share three weeks after the first COVID-19 case was confirmed in a man from Washington State on January 21, 2020. On September 10, 2021 Moderna stock was selling for $449.38 a share. Moderna CEO Stephane Bancel sold about 2.8 million shares for approximately $408 million ($146 average per share). You would think that was his whole nest egg because Moderna’s COVID vaccine remains the biotech company’s only commercially available product. The shots have made Bancel a billionaire with an estimated net worth of more than $5.3 billion in company equity alone — based on his reported holdings as of March 1, 2022.
I am not aware of any of the $1,000,000,000.00 (I prefer showing a $1 Billion that way) grant the US government paid Moderna to develop its vaccine being paid back. Our tax dollars paid that along with another $1,500,000,000.00 for the actual coronavirus vaccine shots ordered by the U.S. government (also our tax dollars).
I believe companies should be rewarded for risking their money to develop new products and I don't think they should be punished for making a profit but I do feel like we've been serviced (in the animal husbandry sense).
Drives, thanks for stopping by. It turns out life is a lot shorter than I thought, although I've lived an unexpectedly long time. Life with a few limitations is still something to celebrate and enjoy. Sometimes the links to the past are amazing.Bob if there ever was a miracle to see or hear from it’s you. If I ever have a minute or a day when I think stuff is bad I think of what you’ve accomplished with your life since your meeting with that train. Keep up the good work and hope your AC is working cause as you’ve said before you live in the devil’s waiting room.
I’m pretty sure the devil isn’t going to get his way with you.

@Mr.zippy, I wish I hadn't come across that information as well.Bob, I appreciate your random, and plentiful fun facts…….that being said, I wish I had not read the information on drug company CEO’s salaries.
Joe, I don't get too upset because I know money doesn't necessarily make one happy (and neither does it's absence).As a small business owner I agree with you about risk and reward, but I also agree with the point I think you're making about the C-suite compensation: there's no real risk there - just outrageous reward for maintaining the status quo vs only excessive reward for failing to do so.
Having said that I generally try not to think about it. I'm the type of guy that tries to mind my own business and figure it's not my place to get upset if someone else wins the lottery. I guess that makes me one of the 'scam-ees' that the 'scam-ers' are happy to see, but I have a clear conscience.
Now to end this on a happy note: Let's see... umm... I didn't shovel any snow today...
And the lemon cake I have in the oven smells pretty damn good right now.
I got no complaints...
Joe
@dagofast, his net worth is nowhere near a Billion dollars. Probably in the shabby half-billion range. I bet he's the one who shows up at the Billionaires Sun Valley summer camp with the little private jet.You gotta feel bad for poor 'ol Kenneth Frazier; having to scrape by on $7,600 dollars per hour...

Dennis, for some reason the iguanas, squirrels and birds in our yard are very respectful. Not sure why exactly....Evidently your squirrels have better taste than ours...exposed cable on fence tops lasts a few weeks. They have good fun with our Christmas lights too. Pretty sure they are doing it on purpose....

Kirk, the totes have broken roof tiles in them.What's in the totes? I'll be curious to find out if you go into sticker shock on the PT lumber pricing. I don't buy anything often enough to to notice price increases.

Mat, thanks for stopping by. It appears Bunnings has a wider variety of treated 4x4 fence posts than the big box stores here in Florida. That A$67 post has nicely finished surfaces and I suspect has been carefully dried and packaged (sealed with clear wrap):I haven't bought timber here for a while, so I thought I'd check how many Aussie dollars I'd need to get an 8ft 4x4 post.
Turns out the answer is 67! (Roughly US$45).



Bob,Mat, thanks for stopping by. It appears Bunnings has a wider variety of treated 4x4 fence posts than the big box stores here in Florida. That A$67 post has nicely finished surfaces and I suspect has been carefully dried and packaged (sealed with clear wrap):
Bunnings also offers a rough cut "100 x 100mm 2.4m Post H4 Treated Pine Sawn CCA" post for A$22 (US$14.65) that looks more like the **** we get. From the end grain, it appears to be cut from a large diameter tree:
The 4x4 posts at Home Depot appear to be squared-off relatively small trees as indicated by the end grain, knots and bark remnants. Granted, it's not as rough a finish but I know from experience they are a wet, soggy mess.
Our neighbor in Manly dropped a note in our mailbox, requesting we refrain from feeding the birds on our patio. The Sulphur Crested Cockatoos (made famous here by Baretta TV show) were devouring the "rare and expensive timber" used in the window frames and sills on their house.
Bob,Mat, thanks for stopping by. It appears Bunnings has a wider variety of treated 4x4 fence posts than the big box stores here in Florida. That A$67 post has nicely finished surfaces and I suspect has been carefully dried and packaged (sealed with clear wrap):
Bunnings also offers a rough cut "100 x 100mm 2.4m Post H4 Treated Pine Sawn CCA" post for A$22 (US$14.65) that looks more like the **** we get. From the end grain, it appears to be cut from a large diameter tree:
The 4x4 posts at Home Depot appear to be squared-off relatively small trees as indicated by the end grain, knots and bark remnants. Granted, it's not as rough a finish but I know from experience they are a wet, soggy mess.
Our neighbor in Manly dropped a note in our mailbox, requesting we refrain from feeding the birds on our patio. The Sulphur Crested Cockatoos (made famous here by Baretta TV show) were devouring the "rare and expensive timber" used in the window frames and sills on their house.
Bob, indeed, that is a nice looking post, compared to the rough sawn version!That A$67 post has nicely finished surfaces and I suspect has been carefully dried and packaged (sealed with clear wrap)
Kirk, I vaguely remember (this was 33 years ago) them mentioning Meranti. Here in the US we call it Philippine Mahogany. Even though they are closer to the Philippines than we are, it's expensive.What kind of timber are their sills? Please don't say pine.
Uncle Lenny, that's amazing. I still remember being in Sequoia National Park and having the same crick neck tourists get in Manhattan. That's Mom in her mom jeans, me (blue hat) and my brother (tan hat). The cowboy hats were required headgear when you pass through Texas on the way west. Not a great idea to be wearing a NY Yankees hat outside New York, even in 1955. Back then jeans came in different waist sizes but only one inseam size -- not sure what it was but I never grew into them.Bob,
Thought you might enjoy this story.
A friend of mine is the project manager for an estate in San Marino, CA. The owner is wealthy and very particular. He and his wife is also two of the nicest people I have ever met.
They bought an entire redwood tree that had been logged over 100 years ago. It cost him over $100K. They had it milled into all sizes. The mill was delivering 4x4's to the property and some guy pulled up and asked if he could buy a few. He said he was building a fence and those were the best looking redwood posts he had seen. My friend replied, "None of this redwood would ever be put in to the ground."
The redwood had growth rings of 100 per inch. It was like hardwood.

Mark, much as I would love to buy the lumber from a real lumber yard, a 416 mile drive in a rented truck is a non-starter. We do have a lumber yard in Boca Raton but Jones Lumber Co. caters to "NEW HOME BUILDERS, REMODELING CONTRACTORS AND COMMERCIAL BUILDING PROJECTS." At 78, the "Lifetime Warranty" isn't as big a selling point as it once was. I feel the same about "Life without parole" as a deterrent.Bob,
Up here in Orlando I just bought 80 1x6x16 Fence Corral boards for under $14/board and 20 - 4x4x8 posts for about $13.50. They come from a local company that buys the lumber but does all their own pressure treating. Their 4x4's are a bit bigger than the HD posts. In 25 years I've learned that all fence boards (and posts) are not created equal. You might want to check with Outdoor Living Products in Orlando/Apopka if you want the best quality (in my opinion) at a great price. When I checked last week - Tractor Supply is at almost 20 bucks for the 1x6x16...
Mat, thanks for that! I still haveBob, indeed, that is a nice looking post, compared to the rough sawn version!
Excellent, thorough, and articulate analysis of the situation, as usual.
Your technical writing gets 10/10 in your performance appraisal from me (I'm sure you miss those from your corporate days).
I'm the youngest so I got all the hand me downs. Even shirts from my sister.Back then jeans came in different waist sizes but only one inseam size -- not sure what it was but I never grew into them.
Uncle Lenny, amazes me as well. I didn't understand poor and rich growing up but I knew Grandma's braised breakfast lamb kidneys instead of bacon meant something was up. I didn't think my parents were that well off, both being teachers but I remember the second year of royalties (1956) from the book put part of my parents income into the 75% tax bracket. Took my father another 11 years to figure out that including photos from their travels in the revision made the whole 75 day trip to Russia a write-off.I don't know how I survived all my childhood dramas

Ok Bob. What did you do now, to make that kind of comment? Are you becoming a drug lord, reselling your prescriptions?I feel the same about "Life without parole" as a deterrent.
I feel the same way. You hit a certain point and a life sentence is just a few years.Ok Bob. What did you do now, to make that kind of comment? Are you becoming a drug lord, reselling your prescriptions?
Bob,
Thought you might enjoy this story.
A friend of mine is the project manager for an estate in San Marino, CA. The owner is wealthy and very particular. He and his wife is also two of the nicest people I have ever met.
They bought an entire redwood tree that had been logged over 100 years ago. It cost him over $100K.
Steve, I double-checked my pacemaker before visiting the UK's iWood online store (https://www.iwood.co.uk/producttypes/19/meranti-dark-red/). Looks like I can buy one 8-foot 4x4 oak fence post for around £256. They don't list the price of their Maranti because it's special order but the minimum order is £900.00. Home Depot has a limited selection of hardwood in one-by size. A 1x12 Red Oak boards for $12 a foot or $187 for two 8-foot 1x12 boards.Bob, i don’t use any softwood/pine at work as the quality is to low for us, we don’t make fences, i mostly use Maranti/Philippine Mahogany or European Oak. The mahogany has gone up a little in price but the oak, holy cow that really make your eyes water.
Just for you, my local hardwood mill probably about 7 miles.
Steve![]()
Kirk, haven't done anything bad (lately) but I do mention that sentiment to my granddaughters' boyfriends. Might be why only our oldest granddaughter is married (to a gentle giant).Ok Bob. What did you do now, to make that kind of comment? Are you becoming a drug lord, reselling your prescriptions?
@kaymccampbell, it's an attractive option. It's like a nursing home that doesn't kick you out for misbehaving. Also, punishment for misbehaving means room service instead of waiting in line for food and no noisy roommates.I feel the same way. You hit a certain point and a life sentence is just a few years.
Rian, in my youth I did my share of dumpster diving. It isn't a certainty but the chance of being shot for stepping onto the wrong property is high enough that I've given up the practice. Much like driving among the crazies -- no telling who is packing or what might set them off. I smile and wave at the ones who cut me off or pull a stunt. I braked for a yellow light two weeks ago and the driver behind me crossed the double-yellow line and drove through the red light, almost hitting the driver who was making a legal turn on red.The last few exchanges around timber/lumber/wood are interesting.
I hate buying new wood at B&Q/Home Depot types stores, often is comes ready warped, or twists in the days between purchase and application or use.
I always look out for dumpsters or skips where old timber is being discarded, and if you recall, a couple of years ago, I managed to score a load of used wood when a neighbour removed a large extension to his house that was added 20 plus years ago.
Just a different quality.
Oak, as Steve says, is eye wateringly expensive.
Andrew, that's like having a good friend who owns a boat.I have the luxury of renting my shop from a very good lumber yard. Along with the fact that the owner and I are good friends, I actually get reasonable prices on lumber. Although I don't use very much these days it's still welcome.
@Squankum, I don't know how they get the permission or access but there are places selling redwood. The Far West Forest website (https://farwestforest.com/) describes how they get theirs: "The Giant Sequoia Redwood we carry is from windfalls, (trees that came down in a storm) and most of the coastal redwood that we carry is “urban lumber”, these are yard, city or park trees that needed to be removed." News reports describe 15 giant Sequoias falling during a 2021 storm, along with a large number dying in recent wildfires (I thought wildfires were their friend).OK, this only raises questions! Where was it stored this whole time? Just laying on the forest floor like they naturally fall? If they stored it this long, how and why? And are we suuuure this wasn't just a timber poaching situation?
A lot of trees got cut down in the mid 1970's for about a year and a half, no? In preparation for a coming ban, and then they went back and retrieved/hauled/processed. (Where is all that 70's patio furniture now?!) I wonder if it was one of those trees?
Speaking of redwoods, here's a book I highly recommend by a popular science writer. It's about giant trees, and a certain kind of obsessive nerds that made it their quest to find the tallest and climb them (something that had probably never been done before) which then led to biologists climbing up there, too, and find out just how much was doing on up in the canopy of redwood forests. Pockets of old growth survived the logging era because they were tucked away in places too difficult to log, too far from a railroad line, so that's where the nerds searched for the biggest trees.
The Wild Trees: A Story of Passion and Daring: Preston, Richard: 9780812975598: Amazon.com: Books
Buy The Wild Trees: A Story of Passion and Daring on Amazon.com ✓ FREE SHIPPING on qualified orderswww.amazon.com
More trivia: one chapter is about giant eucalpytus trees in Tasmania. And topo maps of redwood country in CA aren't a very reliable way to estimate which tree is tallest, because the maps aren't very accurate because they were based on radar, and there's just too much forest for that radar to work well. Travel on foot is very difficult, given the height of the fallen tree trunks.

Steve, you gave me a brilliant idea: use 8-foot 4x4 pre-cast concrete posts to hold up the fence. Then I went looking for a source and it appears they are $150 each. I've replaced a fair number of posts in the past 27 years and ten pressure treated posts for less than the price of one seems like a no-brainer. I can buy the 8-foot long 4x4 posts for 8-foot long, 6-foot high shadow board fence sections for around $80.Morning Bob, just a quick comparison.
4”x4” posts are more of commercial size rather than domestic. Most fence’s have either concrete posts or 3”x3”s. An 8ft treated 3”x3” rough sawn post is £15 with a 6’x6’ close boarded panel £40. Panels have come down in price by£6 each recently.
Remember that our timbers mostly come from Scandinavia or Russia. Difficult times cause price increases.
Hope you’re well.
Steve![]()


Geez Hewey, don't give our national secrets away like that. Bob probably already knows about them but decided to return home anyway but now we'll have a mass migration of his countrymen. Mind you, a clever Presidential candidate could do worse than emulating our democracy sausage arrangements to get people out to vote in a non compulsory voting place.
Damn right we can. Many of the Home Depot stores have a Hot Dog stand right outside under the awning. Some of them are even staffed by good looking girls.
Marc, I thought for sure they would have them in Florida. I tried different search engines but I think there's a conspiracy to hide them, just like those left handed tent wrenches. I prefer the right handed ones.Bob, I've tried to purchase pre-dug post holes at every hardware store/lumber yard I can...they are always sold out.
Hewey and Geoff, you're gonna make me cry. I do miss a good snag, not to mention King and Tiger prawns, Moreton Bay or Balmain bugs, Yabbies and a freshly steamed Mud crab. Sheesh, my tears are turning into slobber. Did I mention the freshly fried chips at Coles? Probably good that I'm not there considering the recent potato famine in Australia. I hear Coles is limiting its chips sales.Geez Hewey, don't give our national secrets away like that. Bob probably already knows about them but decided to return home anyway but now we'll have a mass migration of his countrymen. Mind you, a clever Presidential candidate could do worse than emulating our democracy sausage arrangements to get people out to vote in a non compulsory voting place.

Andrew, the Home Depot store in Long Island City has a pretty fancy stand that sells more than Hot Dogs.Damn right we can. Many of the Home Depot stores have a Hot Dog stand right outside under the awning. Some of them are even staffed by good looking girls.




Bob, I haven't been to you thread in awhile. I've missed a lot especially about the prescriptions, etc.Drives, thanks for stopping by. It turns out life is a lot shorter than I thought, although I've lived an unexpectedly long time. Life with a few limitations is still something to celebrate and enjoy. Sometimes the links to the past are amazing.
Our two great grandsons turn five this year. In 1950, the summer before I turned six, my parents drove their brand new 1950 Chevrolet Bel Air hardtop to my uncle's home. He was a bachelor at the time and his grandmother, Stellie, lived with him in the family's summer cottage on Long Island. She's the lady on the left next to my brother. I'm next to my mother. My great grandmother was a very sharp and funny woman. We had some things in common. I was born on September 18 and she was born on September 19. She was born in 1864, the next to the last year of the Civil War and I was born in 1944, the next to the last year of World War II. I put this photo in my great grandson's birthday card earlier this month to let him know this old man was once a boy like him. My great grandma Stellie died three years after this photo, on the 4th of July. I wasn't allowed to go to her funeral to say goodbye but a little piece of her is still with me today.
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