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If you owe the bank $ 1 million, you have a problem. If you owe it $ 1 billion, the bank has the problem. Variations of this banking proverb have been circulating for many years. The two attributions most likely to be true are by John Maynard Keynes and John Paul Getty. It really doesn’t matter who said it, or how long it’s been around, the veracity of the statement has been proven with the obvious caveat that inflation keeps pushing the upper limit boundaries further and further.
The are several real-life scenarios where the proverb applies. For example the over-used phrase “too big to fail” comes to mind. But that’s not the focus of this post, which is: China and the United States have married their futures together for the foreseeable. Read the rest of this entry »

(Left to Right) Rep. Vic Williams, Sen. Russell Pearce, Rep. Sam Crump, LD11 Senate Candidate Rich Davis, Sheriff Joe Arpaio, Rep. Jerry Weiers, JD Hayworth, Sen. Thayer Verschoor, County Attorney Andrew Thomas, Sen. John Huppenthal
The tough guys are at it again. J.D. Hayworth, Joe Arpaio, Russell Pearce and Andrew Thomas all shared the podium for the Arizona Republic photo-op Wednesday. They told the crowd what they wanted to hear: they’d to put more teeth into Arizona’s border security and hunt down the illegal immigrants. The whole immigration issue has lost some of its “hot-button significance” due to the economy (the experts tell us that there has been an exodus of approximately 1 million “illegals” nationally during 2009); however, there’s still considerable animosity among the electorate that boils just under the surface. And, these guys are not only going to the legislature; they’re ready with an initiative campaign if you don’t take them seriously.
So what does this mean for the Republican mainstream? Certainly it’s not nearly as big a problem as what to do about the $2 billion state budget deficit. But should the Party embrace the fight or is it smarter to be more circumspect? Read the rest of this entry »
Nowadays most people scoff at the notion of Columbus Day. The media has recast Columbus’s discovery as primarily a venal event. So why is it still a holiday? The answer seems simply to be: “Because it’s always been done that way.” We humans have a strong propensity to do the same thing over and over again. We’re engineered that way. So Columbus Day is to the calendar what the appendix is to the human body.
But let’s take the opportunity to look at the event from a different angle. The accidental “discovery” of the new world was a major moment on the road to globalization and modernity. It is in the nature of history to yield winners and losers. Even more reason to stop and understand its consequences. Read Jared Diamond’s “Guns, Germs and Steel” to get an unbiased analysis of why European culture became a hegemon. Unfortunately, our tendency to believe that things are either “good” or “bad,” “black” or “white” goes wide of the mark. The accelerated pace of discovery that is marked by Columbus’s voyage can be linked to human kind’s escape from all kinds of tyranny. For example, it led to the rise of such things as democracy, capitalism and medical science.
It’s time to take on a piece of conservative orthodoxy that has stood barely challenged since the early 1980’s. It is a major block lying at the foundation of our spendthrift ways—nearly $12 trillion of accumulated debt by the end of 2008. Truly the economic collapse and the reaction to it have changed the paradigm—these are not ordinary times. President Obama’s first year deficit is reported to be $1.4 trillion (that’s Trillion with a capital T, which stands for trouble). The fact that deficits are growing even more exponentially now is not directly due to Republicans, but our implosion has given the “New Dealers” ammunition, a replay of capitalism’s 1930’s face plant, which led to new and bigger government. Read the rest of this entry »

Was it over when the Germans bombed Pearl Harbor?
The great Sam Cooke song goes like this:
“Don’t know much about history; Don’t know much biology; Don’t know much about a science book; Don’t know much about the French I took…”
I have come across some very interesting data in regards to the education of our young. This data already seems to be making a difference; yet it’s assimilation ought to be accelerated to give kids the tools they need for complex modern living.
In a nutshell, it is known as the marshmallow test, many of you may already have heard of it. It was the brainchild of psychologist Walter Mischel, and was originally performed in the 1960’s at Stanford University. Mischel challenged four year olds to resist eating a marshmallow in order to receive a second marshmallow 15 minutes later. The truly astonishing part of the experiment came years later, after he followed-up with the participants. The 4 year olds who controlled their urge to eat their marshmallow were more successful in school. (They were also more successful on a broad range of life’s challenges, things like avoiding jail and drugs, staying married, and counting themselves as happy). As a matter of fact, the ability to wait correlated even more strongly with academic performance than IQ. This test has been repeated, and so far, the results are holding. And the real good news is that researchers involved with these studies believe that impulse control and other improvements to emotional fitness can be taught. Read the rest of this entry »


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