Who’s still got game?

Sixteen teams remain.  Which of our astute ATiM’ers have the staying power to win?

Current standings:

  1. USF Baby 129 pts. (9 teams left, 3 of this bracket’s FF teams are still in the hunt)
  2. DogJS 120 pts. (11, 4)
  3. Moderately Yello 116 pts. (9, 3)
  4. MIA#2 105 pts. (10, 3)
  5. MIA#4 103 pts. (10, 2)
  6. ashot 91 pts. (10, 3)
  7. Michigoose#2 88 pts. (9, 2)
  8. Blade Warriors 81 pts. (8, 1)

USF Baby and MIA#2 may be hurting a bit now that a key player on their projected champion (Kendall Marshall of UNC) is likely out with a wrist fracture.  Marshall had 18 points and 11 assists in UNC’s victory over Creighton on Sunday.

Others can still move onto the leaderboard list depending on upsets and the like.

The action moves to the women’s tourney, and we’ll resume our coverage of the men’s games on Thursday.

Survivor or not?

From NPR this morning, an interesting question being posed to SCOTUS about survivor benefits from Social Security for children conceived after the beneficiary’s death:

Two eras clash on Monday at the U.S. Supreme Court, when a law written in 1939 is applied to in vitro fertilization. At issue is whether children conceived through in vitro fertilization after the death of a parent are eligible for Social Security survivors benefits.

[snip]

The government concedes the twins are Robert’s biological children. But the Social Security Administration says that it determines eligibility based on the inheritance laws of each state, and in Florida, where the couple lived, children conceived after the death of a parent cannot inherit property, unless specifically provided for in a will.

Karen Capato counters that under the 1939 Social Security Act, survivors benefits go to any child of a covered individual, and the word child is “plainly defined” as the biological offspring of a married couple. She contends that the section of the law dealing with state inheritance statutes only kicks in when the “biological parentage is disputed.”

Is A Baby Conceived After Dad’s Death A ‘Survivor’?

What do you all think?

Mark adds:

The previous post and comments are found at:  https://all-things-in-moderation.com/2011/11/16/do-the-twins-get-ss-survivors-benefits-i-report-you-decide/

Let me add that NPR did a lousy job of presenting the matter.  This is a statutory and not a constitutional case.  The statute requires that the beneficiary must have been dependent upon the deceased individual at the time of his or her death. Citing a case that held that a fetus in esse at the time of its parent’s death had an expectancy of dependency on that lost parent, the Circuit reversed the trial court on the issue of whether these were children, but remanded for a fact finding as to whether they were dependent on their biological father at the time of his death.  I expect a per curiam decision that this is not a contestable fact issue in this case, and a reinstatement of the denial of benefits. There is no way to stretch from a fetal anticipation of support from a parent who dies during gestation to a fetal expectancy of a parent who does not exist at the time of conception.  The Court need not reach the definition of “children”, so minimalism says they should not address that in this case.  I will go out on a limb and say that there is no way these twins can qualify for benefits.

Morning Report

Vital Statistics:

Last Change Percent
S&P Futures 1396.3 -2.2 -0.16%
Eurostoxx Index 2596.8 -11.5 -0.44%
Oil (WTI) 107.29 0.2 0.21%
LIBOR 0.4737 0.000 0.00%
US Dollar Index (DXY) 79.795 0.009 0.01%
10 Year Govt Bond Yield 2.26% -0.03%

Markets are quiet this morning after triple-witching last Friday. S&P futures are down a couple of points while bonds are up half a point. MBS are a up a tick.

Greek credit default swaps fixed at 21.75, which means sellers of protection owe 78.25%. So it appears that when all is said and done, that credit default swaps did in fact work as advertised.  Portugal, you’re up.

Merger Monday is back with a big deal in the logistics space – UPS is buying TNT for 6.8 billion, in a bid to create a Euro logistics company to rival DHL. UPS is paying a 54% premium to the undisturbed stock price, leaving some to question whether UPS is overpaying. But when companies are cash-rich and financing is cheap, you will see deal flow.

Speaking of cash-rich, supposedly Apple will disclose what they intend to do with their 100 billion in cash. Will Apple leave the trio of most-admired companies who don’t pay a dividend (Google, Berkshire Hathaway, and Apple)? The stock is currently halted.

The WSJ has an A1 article on the REO-to-Rental program. Ranieri is interested, as is Paulson.