Category Archives: Uncategorized

Interview with Nestle’s CEO

The CEO discusses food, energy and water and the challenges we face.  Interesting read.  click on this link

Dick P.

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Boiling Down the Debt Solution

Someone emailed this to me so this is not mine, but I thought it was simple and effective way to make the point:

The U.S. Congress sets a federal budget every year in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective:

*   U.S. income:  $2,170,000,000,000

*   Federal budget: $3,820,000,000,000

*   New debt: $ 1,650,000,000,000

*   National debt: $14,271,000,000,000

*   Recent budget cut: $ 38,500,000,000 (about 1 percent of the budget)

It helps to think about these numbers in terms that we can relate to.   Therefore, let’s remove eight zeros from these numbers and pretend this is the household budget for the fictitious Smith family:

 *   Total annual income for the Smith family: $21,700

*   Amount of money the Smith family spent: $38,200

*   Amount of new debt added to the credit card: $16,500

*   Outstanding balance on the credit card: $142,710

*   Amount cut from the budget: $385

-Billy Ray Valentine

Hoisington’s Analysis on Deficit & Debt Debate

This is fascinating analysis on the economics behind deficit spending and the current US debt levels.  It’s worth the read.

-BRV

Cleveland’s Corporate Airline Activity

http://online.wsj.com/article/SB10001424052702304070104576400073299306118.html?mod=quicklinks_jettracker

Cleveland is #4

– Ty

First to Third World In one lifetime

As currently structured and organized, the U.S. government makes infrastructure and other appropriations in the context of a legion of committees and subcommittees, each of whose chairman can be counted on to fight to the death to maintain oversight and appropriation authority of his/her piece of the budget

Our infrastructure is decaying and we’re going to have a hard time maintaining, let alone improving it.

– Dick

Schiff on the State of the Union

He makes some good points: 1)  The politicians do not understand the gravity of the situation, or at least they do not portray urgency; 2) The deficit continues to grow while there’s only cheap talk of reducing it; 2)  We’re dealing with a fundamental difference of opinion on how value and wealth is created.

-Valentine

Unemployment Calculation

Here’s an informative article describing the method used to calculate the monthly unemployment numbers that have been receiving much attention lately.  The article also comments on what to expect in the near future based on various scenarios.  Interesting stuff.

-BRV