Death and Taxes

2016 was a tough year for hedge funds, their managers anyway. The combined income for the top 25 managers was a paltry $11 billion, the lowest since 2005. That’s just a little over half of the $21.2 billion they “earned” in 2014. Don’t feel too sorry for them, though. Most of their income is categorized […]

Remembering Santa Rosa

I recently repatriated from northern California back to Portland. I spent the past twenty-plus years in Santa Rosa, the heart of Sonoma Wine Country. Residing there one becomes accustomed to ever-moving ground and resultant cracked walls and stuck and then unstuck doors. Once a diverse agricultural area, while I was there, Gravenstein apples, hops, prunes […]

Should Presidents Talk to Children?

After the 1988 presidential election and his two terms in office, Ronald Reagan spoke to the nation’s schoolchildren. I would say that the most important thing you can do is to ground yourself in the ideas and values of the American Revolution. And that is a vision that goes beyond economics and politics. It’s also […]

Urban Renewal and the Dreamland Ballroom

As in many cities of segregated America, Little Rock Arkansas had a thriving African-American community. The West 9th Street neighborhood on the eastern edge of downtown was filled with black-owned businesses and professional offices. The Dreamland Ballroom headlined acts such as Duke Ellington, Fats Waller, Etta James, Louis Jordan, Big Joe Turner et cetera. Urban […]

My Baby, the Long-Distance Runner (New York City Marathon Preview)

The route of the first New York City Marathon in 1970 was entirely inside Central Park. Of the 127 entrants, 55 finished. The lone woman entrant dropped out because of illness. The 2017 marathon route meanders through all five boroughs. More than 50,000 runners will finish the course. This year will be special: my daughter, […]