Archive

Measuring Change

In the financial markets, change tends to be measured in one of two ways, numerically, that is, the Dow Jones was up 100 points today, or, as a percentage, the Dow Jones was up approximately 0.5%.  While both methods of measurement say the same thing, under some circumstances they may not be immediately seen as […]

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“Somewhere West of Laramie”

So began a 1923 magazine advertisement that became legendary.  The ad was developed to sell a car, the Jordan “Playboy”.  Previously, car ads concentrated on practicalities, such as engine size, the number of forward gears and special features.  “Somewhere West of Laramie” changed all that, to highlight the automobile as a path to adventure, as […]

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Corporate Governance/Shareholders’ Rights

According to Wikipedia, corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed.  Governance structures are intended to identify the distribution of rights and responsibilities among different stakeholders, including; boards of directors, management, employees, shareholders, creditors, auditors, regulators and others. Interest in the corporate governance practices of modern […]

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Regulations and Speed Limits

Over the last several months there has been a lot of discussion regarding regulation.  Much of the discussion has tended to focus on regulation as an instrument to further controversial policies.  It is important to recognize that regulation is not inherently bad.  Society needs constructive regulation in order to function and provide all parties with […]

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California Water Conditions Update

California is seeing a marked improvement in the availability of water supplies, which has led several water agencies, including San Diego and Orange counties, to declare an end to drought conditions. The gains are significant.  The early February survey, conducted by the California Department of Water Resources, indicated that the statewide snow pack stood at […]

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“What, Me Worry?”

First, thanks to Alfred E. Newman and Mad magazine. The conventional wisdom among economists has generally held that people don’t like uncertainty and the unknowable.  When faced with the prospect of disruption and changes without clear outcomes, they become less confident and more cautious about making big decisions, particularly as they relate to finances. Over […]

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