Coconut Telegraph,  Corporate Wankers,  Cycling,  Title Insurance

Leave this one horse town like two rebels without a cause

Today used to be a rest day, because class was on Tuesday. Class finished last week and now here I am with no planned workout on Tuesday. That can’t be good. Instead of going down to the gym and doing a HIIT cardio workout, I went to the crossfit website. Today’s workout was:

Run one mile
Two minutes each of:

Rowing
Dumbbell thrusters
Medicine ball cleans
Double unders
Pull ups

I can’t really do the last two at all. So I just jumped rope and did assisted pull-ups. I don’t think I lost much. Basically if you run a 10 minute mile, which is bookin’ for me, and then do two minutes of five exercises, you’ve kicked your own ass in 20 minutes. And that’s exactly what happened. I do think it helped work out my hammies. They’ve been taken turns being tight. Yesterday it was the right leg, the day before it was the left. I got home tonight and found my Fat Cyclist pink jersey in the mail box. It rocked so much that I put it on and road a quick 10…in the blustery wind.

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Coconut Telegraph

It’s been buzzing for quite some time, so I might as well mention a few things…and probably get on a rant. I’m not sure what my problem is, but I think this is three rants in a row. One of the things I keep hearing is that Stewart is leaving California. This one’s been all over for some time. I would hope that this is hogwash. It would be the stupidest move Houston could make. Quite honestly, they stayed here the last 18 months, the worst is over, pulling out now is stupid. It’s gravy moving forward. Just like the Wine Dog predicted, the market stabilized in April 2008. It didn’t run, it just quit circling the drain. It’s not going to be bread and roses going forward, but the worst is over. I thought they were going to cut and run a year ago. If they paid to stay here, I’d hope at this point they’d stay in California and reap the benefits of sticking around. I would hope the rumors are just that. After all, rumors swirled about Alliance Title Company going under for years while things were solidly in the black; long before they even got close to being in trouble. I don’t believe Stewart is in trouble in California. They aren’t exactly counting money with their tongues, but they’re not hanging by a thread. Financial Title Company on the other hand, may be a dead man walking. The rats have been diving off the ship at any opportunity and frankly, after the way the Hauptmans and Mercury handled the Alliance employees, I don’t blame them. Unfortunate for FTC is the fact that the rats that were picked up by the competition were the ones with books of business. When the books leave the business leaves. And then what? I’m hearing that their burn rate is off the hook and Mercury is just about out of money. But we thought the Fat Lady was doing her scales back in March so what does the Wine Dog know? I know that Alliance built a bunch of offices did a bunch of recruiting and expansion in 2005 when they should have been circling the wagons and battening down the hatches for a rough ride. I know who directed all that expansion and I think he’s still on the Mercury payroll if for no other reason than to keep his mouth shut. I know the attorneys for the Labor Commission were trying to track him down to no avail. I know the corporate buck stops there.

I have to wonder why title companies are consistently slow to react and slower to recover to market nuances. They are still dialing everything in but the market is telling us otherwise. Fidelity is rumored to be assimilating the Chicago Title brand. They should have done that a year ago if they were going to do it, not now. I remember having a discussion in 2005 about the market getting ready to adjust with someone way up the food chain from me. I said we weren’t in a real market and we needed to be prepared for the change. He told me the market was happening so it was a real market. Uh, not so much. Six months later he was talking about how the market was adjusting and we had to make adjustments to coincide with that correction. It was a horse, barn gone situation. Title insurance companies are always closing the barn door too late. I don’t get that. I’ve been waiting four days for an updated prelim. The reason I’ve been given is staff reductions, but the market has changed and they haven’t reacted. I’m getting calls from the competition asking me to close deals because their staff can’t handle it. They haven’t reacted to the market either. Yet I sit at my desk, moving commas around for paralegals. I no longer speak to the deaf ears. It’s like teaching a pig to sing. Takes a long time and pisses off the pig.

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