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Yearly Archives: 2016

It’s a Downer Kinda Thang

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“Never forget that the stock market is just a market for stocks.”
– Herman Miller, an old accountant I knew when I was a kid

The bloodletting on Wall Street may have paused, but no one is taking any chances. We’re not technically in a bear market yet – the S&P500 would have to break its resistance around 1863 before that happens. But the world is braced for it. Morgan Stanley has told its investors to hold on at least into the third quarter – exactly what Barataria said a few weeks ago.

Why all the negative sentiment? After all, China’s loss can only be our gain if you believe what you hear in politics. Then again, investors aren’t that gullible. It’s one big financial world and what goes ‘round comes ‘round. While there are some good reasons to take a six month or so pause, most of the reasons for this downturn are indeed lousy. It’s time to run through, and over, these arguments.

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Transit in the Twin Cities

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Since I started serving on the Technical Advisory Committee for the Riverview Corridor transit project, I’ve had a front row seat from which to view the planning process here in St Paul. This isn’t the first time I’ve served on a group like this, but it is the most intensive and serious effort so far.

As a built urban environment, this is not an easy place to plan transit. Traversing the West Seventh neighborhood is only one problem – it has to cross the Mississippi eventually, which will be expensive.

I would like to tell you what I think is the ideal place for transit from Downtown St Paul to the airport and beyond, but it would be inappropriate. The process that we are moving through seems so deeply flawed that jumping to a “solution” is simply not what is needed. Whatever comes out of this is likely to be inadequate and jumbled.

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Skiing the Digital Divide

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You might be forgiven for thinking the World Economic Forum (WEF) is not something you’d be interested in. After all, the annual event better known as “Davos” for its posh ski resort location is not a gathering you were invited to. It’s strictly for the top economic leaders of the world, aka, “The 0.00001%”.

While it may seem reasonable that this is where the great conspiracies to defraud and enslave the masses are hatched, it isn’t. The agenda and discussion is much more like what you’d hear at a Bernie Sanders rally than you might expect. This year’s topic is “The Fourth Industrial Revolution” and there is far less concern about making it happen than the nasty side effects when it does go down – leaving behind billions of starving people and a ruined planet.

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The Democrats’ Year

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With the election about to start winding its way through the nation in primaries and caucuses, can we start predicting who will win mathematically? The surprising answer is yes, we can take a stab at it – or at least lay down what to keep an eye on based on a few models. And the wonks of the nation are responding with perspectives and tools that allow us to do just that.

The short answer? The electoral map still heavily favors Democrats for a lot of reasons. But that doesn’t mean that things can’t change or that the nation will find a way to defy the models. No matter what, however, it doesn’t look good for Republicans based on the 2012 results, Obama’s popularity, and demographics that turn against them every election cycle.

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The Struggle Continues

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Race is the one thing that has bedeviled America from the very beginning. The promise of a truly equitable and free people has always been an intellectual exercise, separated off in the mind of great thinkers like Thomas Jefferson from the obvious but emotionally difficult reality of slavery and separation by race. Equality under the law is somehow separate and not equal to equality in culture and the reality of everyday life.

Dr. Martin Luther King’s birthday is as good a day as any to look back and see what progress we’ve made over the last year. It looks pretty bleak all around. Black America is still separate and in far too many ways not equal. Economic and social change has created a vocal backlash of whites, afraid and angry, who lash out at the very idea that progress towards a united and free society is even desirable.

But there is hope – because at least we are starting to talk about the problem.

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