This time of year is a favorite for children of all ages – I happen to be
one of these kids – in part because of the television programs that are
shown around Christmas.
A Charlie Brown Christmas, Santa Claus is Coming to Town, Rudolph the Red
Nose Reindeer, and How the Grinch Stole Christmas, have been favorites of
mine since TV went from exclusively black and white to poor quality color.
This is no coincidence as these programs were made in the mid 1960’s.
As I was watching this year, it occurred to me that if at this time in
history Christmas had not yet been established, if somehow Christmas needed
to be “started” in 2009, it wouldn’t stand a chance. Christmas would be
doomed before it ever got started.
First of all, the only time you can say Jesus Christ anymore is when you hit
your thumb with a hammer.
You can’t mention Him at City Hall, you can’t display a crè... (more)
Finally the other shoe drops. On the front page of Monday’s USA Today,
research done by Harvard University’s Joint Center for Housing Studies
discovered “Homes that cost less hit the hardest.”
The article details the fact the lowest price homes in markets all across the
US have experienced price drops greater than homes which cost more. This is
no surprise and it is the natural consequence of artificial incentives
instilled into the housing market by the Community Reinvestment Act
originally signed by Jimmy Carter, and subsequently updated in the Gramm
Leach Bliley Act signed by ... (more)
Let’s make clear what is happening today, what relationship this bears to
the Standard & Poor’s downgrade of the U.S. financial system, and how it
affects your plan for retirement.
There is some legitimacy to the concern over the debt rating reduction. For
as long as anyone can remember the United States of American has been the
gilt-edged standard of financial wherewithal and responsibility (70 years to
be exact). To be downgraded, though somewhat symbolic, is a shock to the
S&P’s concern is the amount of debt we now have; in excess of $14.5
trillion today, which is $ 4 ... (more)
I am not sure the origination of this quote, but it certainly is timely:
"Hard work: All hard work brings profit; but mere talk leads only to poverty.
Earnings: Never depend on a single source of income.
Spending: If you buy things you don’t need, you’ll soon sell things you
Savings: Don’t save what is left after spending; Spend what is left after
Borrowings: The borrower becomes the lender’s slave.
Accounting: It’s no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; a small leak can sink a large ship.
Risk-taking: Never test the dept... (more)
Then there is this somewhat political, but no less humorous submission from a