Tuesday, July 30, 2013

Beach Ball Regulation.... Derivatives.


An American Classic !!
Can't imagine that anyone who has grown up in America is unfamiliar with that classic summertime plaything - The Beach Ball. 

Everyone and his cousin have splashed about in a backyard kiddie pool or amidst sand and surf with one of those inexpensive, tri-colored, "couple of puffs" to inflate, plastic orbs.  Great toy - no assembly required, no rules or instructions, easily mastered by young and old alike.

Bought one last week; it had been awhile.  Back in the mode of having some "first time users" around the house.  Still pretty much the same design with the same old challenge of trying to tuck the mouthpiece back under the cover after inflation.  

"Inflation" sounds pretty elitist doesn't it (almost "robust"). We use to "blow up" a beach ball; but with the NSA monitoring everything these days, I don't want to even mention blowing anything up - if you know what I mean.



A word to the wise...

Had a moment of concern after inflation, as one of the white panels appeared to have been damaged in production with black streaks almost covering an entire panel. With the assistance of some half-granny, bifocal glasses, the problem became clearer.


To my astonishment the "black streaks" represented a stern notice to the purchaser, which was printed in 23 - no lie! -  different languages, including  Russian, Chinese, Japanese, Arabic, Greek and Swahili!

The Beach Ball notice crystalized, in six brief words, the concern every credit union member and leader should have over NCUA's "hell-bent" pursuit of derivatives.  Here's what it said:


"WARNING: USE ONLY UNDER COMPETENT SUPERVISION."

(Fair Warning!)

 

3 comments:

Anonymous said...

Who would have thought you were so fluent in so many languages?

Jim Blaine said...

First encountered "the language barrier" on an airline seatback instruction card which read: "If you are seated in an exit row and can not read this card, please contact the stewardess."

And, of course when I did, her offer to "reseat" me also used language which I was not familiar with hearing in polite company.

Anonymous said...

Here's another similarity: the beach ball, like the economy [and derivatives rule?] can blow up in your face with too much inflation.