Wisconsin has been a focus in the news, not as the only state with unfunded expenses in their budget, but as one that is the further down the road to the ugly solutions that must be employed by all public servants who have the fiduciary responsibility of managing public money. Those ugly solutions all involve material losses to some segment of the state population or another. Continue reading
Boomers finally learn there aren’t any guarantees
The first species to self-correct?
Standing around the patio fireplace here at the country inn, we talked about the terrible events in Japan and how the world’s economies are affected by the tragedies there, as well as by the social upheaval in north Africa and Arab countries recently. The conclusion one must reach is that economic interdependency is tighter than ever, the web stretched so taught around the world that a pluck of one line causes reverberations to sing across the entire span of the web. Global trade and economic specialization has reached a point that we cannot find peace and prosperity in one part of the world unless it exists significantly in most of the world. Continue reading
Do you talk to your pants?
It’s that time of year. I’m sitting down with my tax accountant, spreading out the papers. This mess is a little messier than usual. I can’t find my “organizer” that Thor had so thoughtfully sent in advance. So he asks a staff member to print it out for us. Jill comes into the conference room a few minutes later and hands us each a copy, hot off the printer. Continue reading
Street economics
It has been interesting and educational to live these last 10 years or so in an urban environment, compared to the pastoral solitude of raising a family in Ramona. Noisier, certainly. But more interconnected. Everyone has a place in the eco-system. Including the homeless. Continue reading