Maiello: Where Your Tax Dollars Go
Doc Cleveland: Copyright vs. Truth
I’ve been sending out Christmas cards since I was around 16 years old, when my mom told me I was old enough to start sending out my own cards. The cards I chose over the course of many,many, many years depended on a lot of things, but it never occurred to me—ever–to wonder if my choice of card would offend anyone.
Last Sunday was the first day of Advent, which means in the most traditional sense possible the beginning of the Christmas season. Of course, Retail Christmas Season began five minutes after Halloween ended, prompting me to some bleak reflections in my last post. But the truth is, I love Christmas, no matter how much this year's commercial display may be getting me down. Last Saturday I bought a wreath and a bunch of assorted greenery. My spouse made an Advent wreath from some of it, and decorations from the rest. Christmas lights frame our living room window, and I've got some nice holiday jazz on the stereo. I enjoy this holiday a lot. [Read more]
Until Martin Bashir either resigned or was let go by MSNBC this week, I was a loyal fan. One of the reasons I watched Bashir is because the things that engaged him usually did the same for me. At my house, in the Eastern Time Zone, he was on at 4 PM, which meant whatever had happened that day had largely been dissected to death by the daytime pundits. But he had the ability to find something fresh and insightful and, yes, funny, about what was going on out there. Maybe it's his accent, his enunciation, his eyebrows--I don't know. He is a devilishly clever wordsmith--smarmy, but in a good way. I have been known to hurry things up just so I can get home in time to watch him.
Uberlandia, Minas Gerais, BRAZIL — A warm summer Saturday in Brazil. The field is freshly lined. Fans of both teams take their places, wearing the shirts of their favorite teams. the players stretch and prepare for the match ahead. As anticipation builds to a fever pitch, the game begins. [Read more]
My morning commute these days takes me through a shopping center; the train lets me off underneath it. It's been Christmas in the mall since the first day of November. That's no surprise. Christmas has become the crutch our retail economy leans on. Many stores run in the red for eleven months and see Christmas put them in the black for the year. A bad year calls for a big Christmas, and a string of bad years calls for bigger and bigger Christmases. If shoppers don't keep finding more and more money for Christmas presents, the whole economy shrinks. It doesn't sound sustainable, but I don't blame local merchants for wanting to start Christmas early and hoping to extend that sweet jolt of retail steroid. We are out of other ideas.
Happy Thanksgiving, everyone. Over the river and through the woods to grandson's house we go. I wrote this last night, so if there's confusion about the time line, that's why. Any Vegetarians in the crowd might want to skip this one.
Early in my career at Forbes an editor introduced me to the quotation, "Everybody ought to be right," attributed to a 1929 Ladies Home Journal article by John Jakob Raskob, a financier for General Motors and Dupont and a darned good boom times investor. What Raskob meant was:
"...a man is rich when he has an income from invested capital which is sufficient to support him and his family in a decent and comfortable manner - to give as much support, let us say, as has ever been given by his earnings." [Read more]
On that day I was up in my sewing room, away from the TV. My four-year-old son was napping, and my 7-year-old daughter was in school. My husband was at work. It was early afternoon.
I heard the back door open and before I could start to the stairs, I could hear my neighbor, Gwen, shouting something, sobbing. I thought something must have happened to her mother, who had been ailing. By the time I got to her she could barely speak. "They shot the president! They shot Kennedy!"
Back in 2005, when I was still a financial journalist, I attended the Investment Company Institute's annual gathering in Washington, D.C. The end of retirement was a theme of the event. Ken Dychtwald of Agewave argued that the idea of retirement, wherein you stop working in your sixties and get to live a few decades in pursuit of your own ambitions before dying, was a post World War II prosperity phenomenon and that it played such a brief role in our history that you could count on it enduring no more than you could count on always being able to make money by investing in Internet stocks. [Read more]
A few weeks ago, an NFL player named Jonathan Martin, offensive left tackle for the Miami Dolphins, walked off the team and sought counseling for emotional health issues. This has led to the suspension of his teammate, the incongruously-named Richie Incognito, on charges of outlandish workplace harassment; an official NFL investigation into the team, now reaching to behavior by the coaches; and the kind of publicity you just can't buy. Plenty of NFL players, sports pundits, and armchair tough guys have denounced the 6'5", 312-pound Martin as soft and weak and proclaimed that outsiders just can't understand what goes on in an NFL locker room. [Read more]
Everybody knows the Walton family, the people who put the "Wal" in "Walmart", is the richest family in America. They're so rich you would have to pile up more than 40% of the wealth in the entire United States to even be on the same level. If each member of the family lived to be a thousand years old, they couldn't even begin to spend all of their fortune. So asking them to pay their employees a living wage and a few measly benefits is like asking them to give up, say, 1/10,000th of their fortune. (Don't quote me on that; I don't know that for absolute sure.)
But I'm ever the optimist, so I put these questions to them:
Timothy Geithner is getting what some on Wall Street will jokingly refer to as his first "real job" as a President and Managing Director at private equity house Warburg Pincus. At Business Insider, Joe Weisenthal's take is that it could have been worse from a conflict of interest standpoint -- at least he's not as a Too Big To Fail bank, lobbying against regulations. [Read more]
Yesterday I wrote about Opening Day for Michigan’s deer hunting season. But yesterday was also opening day for a hunting season not seen in Michigan for almost 50 years. Despite pushback from many different organizations, and petitions set up on a whole lot of petition sites, our grand Poobahs in Pure Michigan caved once again to special interests and instituted a hunting season for wolves.
Today marks the opening of hunting season here in Michigan’s north woods. The schools are closed in most upper state communities, including ours.
Opening Day is an annual holiday for the kids, even though only a small percentage of them will be out in the woods with guns. For many of them, today will be their initiation in deer camp, and it’s a day they’ve been waiting for all year. I don’t quite know when it started but I do know that up here it’s one of those holidays that is so sacrosanct nobody questions it.
They’ve elected a new mayor in Detroit, which, in other circumstances, might be a big deal, but since Detroit is under the thumb of a state-appointed emergency manager (who promptly–and probably unconstitutionally–took away all authority from every elected city official), the new mayor, Mike Duggan, will likely be mayor in name only. He’ll be invited to be in the first car in Detroit’s Thanksgiving Day Parade, and, as the city’s Goodwill Embassador, he’ll be entrusted with handing out city souvenirs [Read more]
ocean-kat’s recent blog about secessionists, struck a chord with me and reminded me that I needed to finish writing this piece. It is a topic which has been tumbling around in my mind for a long time.
I was on Facebook a while back, having a discussion with a friend. She is a single mother living in the UK, and doesn't like being told she must get her child vaccinated.  [Read more]
We're an odd bunch, we Americans. We've had a hate-hate relationship with the very rich for as long as we've existed as a country, but, damn their black hides, we can't stop taking care of them.
After all these years we've become used to sparring with the super-rich over how much they get to keep and how much they should share. They want to keep it all, and we know that. We want them to behave like responsible citizens, and they don't think they should have to.