Talk about bank shots! Silicon Valley Bank (SVB) collapsed and was shut down last week, in the biggest bank failure since the 2008 meltdown. New York based Signature Bank soon followed. What’s going on? Bank-A-Geddon? Margin Call 2? So far it seems the line is being held, and some depositors are getting money. But what happened? Here’s how banks work: Mary deposits money in Bob’s Bank. Bob pays you interest using your money. Bob lends the money you…
So, Rep Marjorie Taylor Greene wants a National Divorce? “We need a national divorce. We need to separate by red states and blue states and shrink the federal government,” the Georgia Republican Greene wrote in a separate tweet on Presidents Day. Say what? “Separate by red states and blue states?” “To avoid a civil war?” Hon, the last divorce caused the Civil War: custody dispute over Fort Sumpter. Separate into what? Different countries? Who gets custody of the armed forces?…
I found myself in an area middle school not long ago, and came upon a glass-fronted bulletin board. Actually, two, side by side. The left hand side featured a “Green Club” and it was all Eco-advocacy stuff. The other side was labelled “RIDE CLUB.” Either it was a joke, or they’d run out of Ps. It was clearly an official school Pride Club, and since “Pride” has been claimed, the way “gay” was fifty years ago, and the…
No peaking! “DTE Energy is moving to a time-of-day rate plan in March, which means electricity costs more or less depending on when you’re using it.” What to know about DTE Energy’s new time of day rate (clickondetroit.com) That’s Detroit Edison. Outstate, in the Consumers Power area, it’s more. “Consumers Energy’s 1.6 million residential electricity customers began paying 50% more during peak afternoon hours this week in an effort to reduce energy generation in the future.” Detroit News. Consumers Energy…
“Infiltration, Subversion, Corruption, Institution.” Put ‘Em Together And… Infiltration, subversion, corruption. All interesting words. Add in “institution” and you’ve got a real toxic mix. Dangerous too. How so? Well, take the case of the American College of Surgeons (ACA.) Founded in 1912, it’s been a benign trade association of doctors who cut people open. Its purpose was simple and obvious: through networking, publishing educational articles, defining and advocating for best practices, it works to improve the craft of…
Once you have accepted their language, you have accepted their ideology. Changing language changes how we think. Facts are objective facts, but if you lose the ability to describe and communicate them, reality can get lost in an obscuring mist. When words are redefined to mean something completely opposite to their original meanings, you lose the ability to judge things critically. Reality itself becomes insubstantial. When you accept their language, you accept their ideology. OK: so who’s…
Years ago was another international invasion by balloon. It happened here in Detroit, when Chilly Willy broke loose from the Thanksgiving Parade and headed to the river. “Fly, Chilly, fly!”25 years ago on a windy Thanksgiving morning the 40 foot Chilly Willy balloon came loose and broke free from his moorings, floating away to the delight of a cheering crowd that chanted “Fly Chilly Fly” as he drifted toward Canada and eventually out of sight. The 40 foot tall, wayward…
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Equity. This is a word I’m hearing all the time. In the business/finance sense, equity is a key term meaning the value of an owners’ stake in something. But that’s not what colleges, politicians, HR departments, and activists mean by the word. Equity is a very definite, almost religious term. It means equality of outcomes. That’s it. Very simple. Everybody gets the same outcome, from law, life, and everything. Everybody gets a good grade in school: no one fails….