Archive for June, 2011

Grand budget deal eludes parties

Tuesday, June 7th, 2011

For anyone who has studied our country’s debt crisis, it quickly becomes apparent that any real long term solution will require a combination of all of the following; 1. Increased revenues through tax increases or fundamental changes to our tax structure, 2. Fundamental changes to Medicare and 3. Significant defense spending cuts.  Unfortunately, these are the three biggest political hot potatoes and therefore something no politician wants to be associated with.  As a result, it appears that once again both political parties will choose to kick this can a bit further down the road in hopes that there might be some better time in the future to make these tough decisions.  Unfortunately, each time they do this, it exacerbates the problem a little bit more–something we cannot do much longer.  For a well balanced look at this political game is playing out, I encourage you to click the photo to the left and read the Los Angels Times article from the June 6th, 2011 edition.

Working together like hand in glove

Tuesday, June 7th, 2011

Unfortunately for me, my love affair with baseball is relatively new.  Only after several seasons of watching my son play little league have I begun to understand what many already know–baseball is a great sport.  For me, there is nothing better than playing catch with my son on a bright sunny day on top of a field of freshly cut grass.  I have also learned the importance of a good glove as you stretch and dig to catch those balls coming at you.  I guess that is why this article from the Monday, June 6th, 2011  edition of the Los Angeles Times caught my attention.  It talks about professional baseball player’s affection for this simple piece of stitched leather.  It’s a light read and something I think every baseball player will enjoy.  To view this article, please click the photo to the right.

Stocks (still) Rule!

Thursday, June 2nd, 2011

With all the talk of a double-dip recession, the wheels falling off the cart and our country veering off into the abyss, there are still many, including a few billionaires, who are still very bullish.  This article, originally published in the May 23rd, 2011 issue of Fortune magazine gives one bullish investor’s point of view.  To view the entire article, please click the photo to the left of author Becky Quick.