Archive for October, 2008

Best Blogs

I started reading Vanity Fair when Tina Brown was editor.  When she switched to The New Yorker I switched too.  I have always liked the content that she puts in magazines.

Now Tina Brown is on the internet with a new website 

I suspect it will be one of my “favorites”.

Welcome Back!

This is just a personal note to welcome my friend and colleague Mike Snyder back to work.

If you have read his blog recently, you know that we were all astonished two weeks ago when Mike’s darling wife Lyn had a heart attack at the age of 37.  Lyn is not only a beautiful woman, but she is in excellent physical shape with no history of heart problems in her family.  You can find out more about what caused her heart attack on Mike’s blog.

The purpose of this is just to say how glad we are to have Mike back at his desk,  and how thankful we are that Lyn is home resting.  It’s going to take some time to recover but she is very spirited and I know she will.

The whole experience really shook Mike, and throughout it all he continually said “I just can’t believe what good friends I have.  I am so thankful for all the people who are helping me and my family through this difficult time”.  He’s still a little quiet and I can tell Lyn is on his mind, but it looks like a story with a happy ending, and for that we are all grateful.

Bail Out Bill?

I am certainly not an economist, but I (probably like you) am very concerned about the so-called “Wall Street Meltdown”.  Like most Americans, I have retirement money and savings tied up in the market.

Thank goodness I don’t need retirement money right now.  I have faith the market will recover.  However, what concerns me a great deal is what could happen to the economy within weeks if Congress does not act. 

I hate the idea of bailing out a bunch of Wall Street “sharpies” who made hay on this mess.  I hope Congress can come up with legislation that punishes the people who knowingly created the problems.  But after talking with a number of politicals, both Republican and Democrat, I don’t think we have any choice but to act quickly.

I know politicans are getting a lot of pressure not to bail out Wall Street.  All members of the House are up for re-election and there is going to be a huge temptation to vote “no” on any bill that appears to bail out the Street. 

But here is the problem.  At this point, what is done is done.  And I think there is a real possibility of a quick downhill slide if Congress doesn’t act.  Banks have already tightened credit to the point that some businesses are in trouble.  The major problem is a lack of trust now —  banks are scared to loan money.  And if businesses can’t borrow money, they can’t pay their bills; they can’t even pay their employees.

The domino effect could be very swift.  I will be watching the next couple of days, and hope Congress puts politics and personal interests aside, and takes some kind of responsible action.