Some Young People Are Catching On!

The Cambridge University computer crashed when famous physicist, Steven Hawking published his doctoral thesis. He says, “Each generation stands on the shoulders of those who have gone before them, just as I did as a young Ph.D. student in Cambridge, inspired by the work of Isaac Newton, James Clerk Maxwell, and Albert Einstein.” “Each generation goes further than the generation […]

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A Fly (Spy) On The Wall

The conversation started when daughter Holly asked, “Are you really going to drive for over six hours to meet a guy for lunch?” “Yep!” I said. My wife Jo chimed in, “Dennis is good friends with Chuck Butler who retired from EverBank and writes the Daily Pfennig. They will probably spend 1 1/2 hours solving all the problems of the […]

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If you do business with organized crime – Be Careful!

When we last checked, since 2009 the top banks had been fined a total of $204 billion. Bloomberg now reports, “Wells Fargo’s $1 Billion Pact Gives US Power to Fire Managers”: “The settlement covers issues in Wells Fargo’s auto-lending and mortgage units. The bank revealed last year that it had forced unwanted insurance on customers who took out car loans….” […]

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Make Your Milestones Count!

The Florida Keys are a special part of the world. Longtime residents, referred to as conchs (pronounced conks) have a unique and different culture – a much simpler, laid-back, and relaxed lifestyle. The Keys are a series of islands connected by one road, US-1. The drive from the Florida mainland to Key West is a beautiful, memorable one, across 42 […]

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Don’t Buy Green Bananas!

Legendary congressional veteran Claude Pepper was a spokesman for the elderly. One of his often-copied quotes applies today: “A stockbroker urged me to buy a stock that would triple its value every year. I told him, at my age, I don’t even buy green bananas.” Today his comments apply not only to stocks but also bonds and Certificates of Deposit […]

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Does Government Debt Really Matter?

The numbers on the US Debt Clock are spinning at a dazzling pace. US government debt is now over $21 trillion, $174 thousand per taxpayer. Add another $3 trillion for debts of state and local government on the stack. Unfunded federal government promises are almost $113 trillion, $900,000 per taxpayer, not including another $6 trillion in state unfunded pension liabilities. […]

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