Not A Mystery
Politics
It’s Time To Regulate The Soapbox
I have a modest proposal for the health care debate. Only those of us who have actually shopped for an Individual Health Insurance Policy would be allowed to get up on their soapbox and let fly with their opinions. This leaves out all current member of Congress; any retired members of Congress who served more … Continue reading
Obamacare Gets A Haircut
I usually don’t mind waiting to get my hair cut. But today was a little out of the ordinary. The fellow ahead of me, who I’ll call Randy, felt called upon to deliver a lecture on Obamacare and how the President is directing the government to take over our lives. It was quite a rant, and Randy clearly … Continue reading
Hail The Recluse, A Much Better Citizen
Why would a recluse turn out to be a better citizen than your typical politician? Aside from what’s obvious about politicians, the answer is in the Dunbar Number. Dunbar’s number is a suggested cognitive limit to the number of people with whom one can maintain stable social relationships … It has been proposed to lie between 100 … Continue reading
California Rocking Out, Once Again
It’s not a secret that California is fiscally challenged, with the legislature locked in partisan battles and unable to compromise on a budget. California [began] a new budget year … without a spending plan in place and with no agreement imminent between state legislators and Gov. Arnold Schwarzenegger on how to close a $19.1-billion deficit. … Continue reading
It’s Hard To Argue With Gravity While Ordering A Hamburger
Being an expert must be harder these days. Nobody seems to have any good answers to tough questions about the economy. Morningstar pundits are usually pretty good when it comes to personal financial advice. But in is a recent answer on how to maintain yourself in retirement, they managed to coin the phrase ‘pre-tire’ when … Continue reading
Volcker Rule Gives Investment Banks A “Woodie”
The US Congress is getting close to passing new financial regulation, attempting to rein in our friends on Wall Street. Pending legislation would limit Investment Banks’ ability to trade for their own accounts, and effectively bar them from trading derivatives. The bankers are pushing back. Surprised? The big banks argue that the Volcker proposal is … Continue reading
Some Parts Of Immigration Reform Really Ain’t Rocket Science
Ah, the immigration debate ramps up again. It shouldn’t take a Rocket Scientist to figure out, that by definition, enforcement requires a way to distinguish between the legals and illegals. Common sense should tell you that the only way to do that on a day-to-day basis is with a National Identity Card authenticated by some … Continue reading
Lobbyists Do It In The Dark, Bankers Post It In The Cellar
In a nutshell, the way financial institutions (Big Bank) make their money is by knowing more than the other guy (that would be you). They will famously say that their priority is to serve their customers, and that capitalism depends upon them for the efficient allocation of capital. Also, that they are all in favor … Continue reading
Guess What, ATT Is The New Material Girl
Last week we noted ATT’s whining about a $1 billion [non-cash] charge they were being forced to take because of Obamacare. In fact the new law just eliminated a 7-year old scam allowing them to ‘double-dip’ by taking a tax deduction on healthcare premiums that were actually being paid (for them) by the government. A … Continue reading
Chew Gum And Walk? How About Argue And Laugh.
This teaching moment is in the spirit of our continuing drive for bipartisanship. It was Tip O’Neill who, as Speaker of the House, famously battled President Reagan, but still managed to get along. It would be a positive change if the relationship between Speaker O’Neill and President Reagan became a model for today’s politicians. [The] … Continue reading
Respect For The US Senate, Now An Oxymoron
As we approach April 15th., otherwise known as Tax Day, it’s time once again to mention the staggering corruption of the US Senate, the world’s ‘greatest deliberative body’. For well over three years (!) there has been an attempt to get rid of a loophole in the tax code granting hedge fund managers a lower … Continue reading
