Inaugural Memories: 1977

Thirty-two years ago: On inauguration day in 1977 I was sick and stayed home from school. Recall, if you will (if you’re that old), that this was a time before cable television. There were three major networks, one public network, and a few independents in the Houston area. An unelected president (Gerald Ford) was running … Read more

Markets Burning

The markets are in a free fall. Friday the Dow swung 1000 points. (18% down for the week) At the end of the day, it rallied to only be 150 down. Hoping positive thoughts for the G7 Financial Ministers meeting this weekend. They think they’re going to get seven pre-eminent economists to agree on a … Read more

Buzz and Bacevich

The juxtaposition of two videos I saw today is eerily representative of the current state of American affairs. The national hero, Buzz Aldrin, speaking on the future of space travel. It all sounds great, unless you listen to more that five contiguous words and try to make a coherent concept out of them. Obviously Xeni … Read more

To Be Free Requires Diligence

The Declaration of Independence is one of the most profound documents in human history. Today is the anniversary of it’s adoption by the American states. Despite it’s prominence in our history, it has no hold in our law. Everyone knows the the main phrase from the Declaration All men are created equal, that they are … Read more

Dark Markets of Enron

If you haven’t noticed, our government hasn’t been regulating things in this country for about eight years. It cuts across almost every agency in the bureaucracy. Mostly they just unfunded the regulators or told them to stop doing their jobs. See recent headlines on airplanes being grounded because they hadn’t been inspected in timely fashion … Read more