The Twin Cities of Saint Paul and Minneapolis touch each other, and their Downtowns are just 9 miles apart. The reason that they formed separately is due to the changing needs through their early history as they drew their identities from Mother Mississippi. Saint Paul was located where there was an easy steamboat landing, vital to bringing European people up to the rich land. Once this careful toehold was placed on the rugged land, the powerful falls further upstream were vital to developing industry in what became Minneapolis. Each city went its own way, joined to the other.
Monthly Archives: January 2008
Sacred and Profane
If there’s one thing I’ve learned, it’s that I get a lot of mail when I write about spirituality and the economy. Funny pair, that is. Do I get a lot of mail because it’s something everyone is interested in, or because my take on them is a bit odd? It has to be the former, since these are the hot issues in public debate these days. Oh well, it’s not all about me. Tuesday is mail day, so let me go at ’em all the same:
Making Stuff
For all the hoo-hah and excitement of political campaigns, there is one issue that isn’t being talked about. That’s hardly a surprise, since it’s been a big issue my whole life and no one has really wanted to talk about it. But that doesn’t change the simple reality that a lot of the problems in the USofA today are directly related to the simple fact that we don’t make stuff anymore.
Bill’s World
It’s Bill’s world that we live in. It’s all about Bill.
That may be a harsh thing to say about our former President, Bill Clinton, but I can’t help but think that it’s how he sees it. When he has a score to settle, everyone else had better damned well look out.
Panic!
As I have said before, it was only a matter of who showed signs of panic first – investors or the Fed. It happened almost simultaneously when it finally went down, but the call was for investors to make.
A number of things happened yesterday, but the big news was the emergency 3/4 point cut in interest rates by the Fed. Why did they finally move, and move so boldly? Because stock markets had been down around the world for two straight days, ours having been closed for MLK Day. Our markets showed signs that they would tumble in response, hence the cut.