I had a cup of coffee. Black.
Of course, to make the coffee I had to get some water from the tap. And for that, water had to get to the tap (and I had to have a tap).
And I needed electricity to run the coffee maker (and, yes, I […]
BEWARE SUCKY SECTION 529 TUITION PLANS!
Thanks to David Maymudes and several others who forwarded the link to this important Slate story (via MSNBC.com). It shows the outrageous fees many state tuition plans charge, and concludes – as we did as long ago as March 17, 2000 – that Utah probably has […]
Harry Mark: ‘In a follow-up to what you wrote about Republican deficits recently I ask: Isn’t it time to begin calling it Traditional Deficit Republicanism? A generation has grown up under GOP borrow-and-spend. Time to re-frame the debate, eh?’
☞ You know, if we were borrowing to ‘wire the last mile’ with fiber optic cable, […]
DON’T PAY POINTS
Pete Kirby: ‘My work as a loan agent has taught me one thing very clearly: people should very rarely pay points to obtain a mortgage. The reason is that ANY refinance ends the first mortgage and the points paid are then not doing their job anymore. I have clients that have […]
William M: ‘I’m pretty ignorant about mortgages. I know that a point equals one percent, so that on a $300,000 mortgage, one point equals a $3,000 up-front payment. But I’m not sure if I want to pay points to get a lower rate. Which of these six mortgage options I’ve been offered for a 30-year, […]
Mark Kennet: ‘You might also try salt plus chili powder on slightly under-ripe mangos. That’s how they eat them in Thailand, and it’s really surprisingly good! Here in Peru, I’m so happy to have a zillion different types of fresh fruit every day that I don’t bother to put anything on it […]
THE WACO ECONOMIC SUMMIT
John R: ‘On PBS a few minutes ago, Treasury Secretary Paul O’Neill tried to play down criticism that the forum’s attendees aren’t representative of everyday people. He cited attendee Marilyn Carlson, ‘who owns a travel business. She should be able to give us perspective about what it means to be […]
Sold the Citigroup written up at 25.90 last month for 35.77 yesterday. Nothing against Citigroup, but any time I can make 38% on a blue chip in less than a month – i.e., never – I’ll grab it. And I do worry there could be a chance to buy it cheaper […]
Two things going on in Florida, both speaking to the vision of our governor, Jeb Bush.
This is not about the Florida state troopers posted menacingly in black precincts on election day a couple of years ago, or Jeb’s assuring his brother that he would not lose Florida.
This is not about […]
I was on the road, including a mid-afternoon, mid-August drive through the Mojave desert, a red-eye from San Francisco to Des Moines, and then, finally, Saturday morning, a small run-in with security at the Des Moines Airport on the way back home.
(‘But they’re just magazines and newspapers!’ ‘It doesn’t matter, you can have only […]
Quote of the Day
Years ago, in the Carter term, a stockbroker tried to explain what Schlumberger did. 'It goes to 100,' the broker said, exaggerating only a little bit. 'Then it splits three-for-two and goes back to 100 again.'~GRANT'S Interest Rate Observer
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