Tuesday, September 30, 2008
Saturday, September 27, 2008
Friday, September 26, 2008
Although an out of town website designer appears to have been a slow down to the process, finally it's ready to roll.
Thursday, September 25, 2008
I'm going to try and attend this, perhaps even live blog. By the 30th the Congress and President will have made up their minds on the plans being discussed today, but the long term implications will fall to the new President and Congress to manage. I'm sure hoping it's John McCain and that the Senate goes 50-50 so they are deadlocked and can't create more regulations.
Valparaiso, Ind. -- A panel of Valparaiso University business, economic and legal experts will discuss the ongoing crisis afflicting Wall Street and Main Street America and the government’s bailout plan on Sept. 30.
The panel discussion, which will address how the financial crisis and government efforts to bailout financial institutions on the verge of bankruptcy may impact the American public, will take place from 6 to 8 p.m. in the Christopher Center Community Room. The event is free and open to the public.
● Bruce MacLean, director of graduate programs in management. He is an entrepreneur with more than 35 years of executive management experience in large multinational corporations and medium-sized domestic corporations. MacLean founded the start-up education and training technology firm World Class Communication Technologies in 1989
● Alan White, assistant professor of law. He is an expert on
predatory mortgage lending and mortgage foreclosures who recently testified to the U.S. House Committee on Financial Services on the government's response to the foreclosure crisis. White is serving a three-year term as a member of the Federal Reserve Board of Governors Consumer Advisory Committee and in 2004 he was named National Association of Consumer Advocates' Consumer Attorney of the Year.
● Dr. Virginia Shingleton, chair of the Department of Economics.
Her research interests include labor market analysis and the influence of health benefits on labor market participation of various ethnic groups and races. She has been an officer in the Midwest Economics Association.
● Dr. Paul Newsom, associate professor of finance. His research
focuses on asset pricing models, and he won the Distinguished Research Award for his paper “An Aggregate Investigation of the Demand for Home Equity Credit” at the 2005 Allied Academies Conference, as well as the Best Paper in Financial Education at the 2006 Midwest Business Administration Association conference.
Serving as moderator for the discussion is Dr. Jaishankar Raman, associate professor of economics. Those attending the discussion will be invited to ask questions of the experts.
Sponsoring the panel discussion are the University’s chapters of Students in Free Enterprise, Delta Sigma Pi and Delta Epsilon Chi.
Source: Valparaiso University
Thursday, September 18, 2008
We have 38 presidential polls today due to a large number of new ARG polls. The results are given below.
The other day I attended a meeting of the Porter County Commissioners.
This is what sometimes happens to people once they get a job in government. They think all of a sudden that they don't have to be considerate or polite anymore.
Sunday, September 14, 2008
I was asked to teach-moderate a class at Valparaiso University this week (Friday) on blogging. I'm going to try and post my draft slides presentation for input and ideas from our readers.
Be critical, throw me some ideas for sure.
As you can already tell, I'm no graphics or HTML guy, the perfect world would be me writing and someone else doing that stuff. So it won't look as cool as some of you would do it.
Saturday, September 13, 2008
Friday, September 5, 2008
First, Oil has risen in the
The net effect of this huge upswing in oil prices was the obvious increase in gasoline prices to consumers, with gasoline swelling to $4.00. Finally at about $4.00 American consumers got sick of it and began cutting back on consumption. More and more car buyers went to flex fuel autos that allow ethanol blends (85% ethanol and 15% gasoline) with less expensive blends running almost $1.00 less. As 2008 ensued the gasoline prices started to become a political issue with people asking the question: "Are we adequately protecting ourselves as a nation with our dependency on others' oil?"
Consequences though to all decisions, a big move toward ethanol created a run up in prices on corn and grains, causing food prices to jump in early 2008. This isn't good for our economy, causing inflation, and sure isn't good for overseas nations dependent on our supply of low priced meal.
The Democrats have been quietly gleeful that prices have soared, hoping this will cause consumption cut-backs and investment in alternative fuels. My thought is that investment in alternative fuels will happen anyway, and that government ought to keep their hands as far away as possible, they merely tend to waste money and get in the way.
Republicans on the other hand began talking in the early summer about increasing our own oil drilling domestically, either on ANWR or offshore or both. When Nancy Pelosi and House Democrats decided to shut down Congress and go home for five week vacations, Republicans led by Indiana's Mike Pence decided otherwise and began staging the #dontgo home revolt, literally staying on the House floor in the dark demanding that Speaker Pelosi let Congress come back and vote for more oil production.
Now this week we get to meet Governor Sarah Palin, from Alaska, who will accompany Senator John McCain for the next 60 days in an effort to regain the White House. She, more than all the other leaders running for office, appears to have more experience with this issue. She has negotiated with oil companies, she has forced their hands, and she knows the games they play. She also is a huge proponent of drilling and investing in innovative energy resources.
So, I come full circle, what is best for our long term future?
- An immediate release of ANWR and off-shore drilling properties with large rents or profit sharing agreements to increase supply. Though this will take 2-3 years, even the hint of legitimate supply increases in the future will push oil back to $80.00
- Review all current land leases and make sure that oil companies willing to explore are maximizing these leases. If not, while maintaining the legality of the contracts, look to move these leases to oil companies willing to explore.
- Invest in energy innovation, but don't meddle with government oversight
- Pass a Shovel Ready Nuclear Power Act, that would target 50 sites for nuclear power and fast track the government approvals that currently make it impossible to develop
- Tell OPEC to back off, I'm getting a little sick of their monopolistic games. Let the free market rule. It's time to bust up this little group of anti-freemarket countries.
- Eliminate farm subsidies, at least this is a positive part of food price increases from ethanol, let's get rid of one of our blackeyes in international negotitations on free trade.