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Some Random Thoughts...

By Al Campbell
Tuesday, Dec 30 2008, 04:05 PM

Obama Smoking 'Issue'...

I continue to see little references to the fact that President-Elect Barack Obama has the occasional cigarette, and musings about whether or not he will or even should quit that nasty habit.  (I can say that because I did smoke cigarettes... a lot...and quit many years ago.)

I am amused that these musings probably come from people who were and are adamantly opposed to smoking but who are now being 'forced' to make excuses for the person they favored in the recent election.  Some of the musings have been nothing short of farcical including the comments that he might well make better decisions if he can smoke a cigarette while pondering the weighty issues of the office he occupies come January 20th.

Will this slow the inexorable tide to rid our nation of any and all cigarettes and all other tobacco products, to close any business that has the audacity to think it is a private entity entitled to make decisions as to the customers it will serve, to outlaw all public use of a lawful agricultural product?  I suspect not.

Does anyone detect any hypocrisy?  Does it matter to anyone?  Is this the sound of one hand clapping? 

~~~

More Scientists Join Global Warming Dissenters...

Dr. Will Happer, award winning Princeton University Physicist says, "I am convinced that the current alarm over carbon dioxide is mistaken."  Happer, who was fired by former Vice President Al Gore in 1993, said of that incident, "I was told that science was not going to intrude on policy."

Additional dissenting scientists include:

    • Dr. W.M. Schaffer, Ph.D. who is Professor of Ecology and Evolutionary Biology at the University of Arizona - Tucson.
    • CNN Meteorologist Chad Meyers, a meteorologist for 22 years and certified by the American Meteorological Society.
    • Engineer and Physicist J.K. "Jim" August, formerly of the U.S.Navy nuclear power program and former chair of professional standard committees in both the American Nuclear Society and the American Society of Mechanical Engineering.
    • Biologist and Neuropharmacologist Dr. Doug Pettibone who has authored 120 scientific publications and holds ten patents and is a past member of the American Association for the Advancement of Science.
    • Meteorologist Tom Wysmuller, former weather forecaster at Amsterdam's Royal Dutch Weather Bureau.
    • MIT Scientist Dr. Robert Rose, a professor of Materials Science and Engineering at MIT with approximately fifty years of teaching experience.
    • Climate researcher Dr. Craig Loehle with the National Council for Air and Stream Improvements and who has published more than 100 peer-reviewed scientific papers.
    • German Meteorologist Dr. Gerd-Rainer Weber, a Consulting Meteorologist.
    • Atmospheric Scientist Robert L. Scotto, who has more than 30 years air quality consulting experience and a past member of the American Meteorological Society.
    • Atmospheric Scientist Timothy R. Minnich who has more than thirty years experience in the design and management of a wide range of air quality investigations for industry and government.

The story line of a "consensus agreement" is simply not true as we have come to understand with the more than 650 dissenters who have now made themselves and their views known.  Those who are pushing for rapid adoption of the so-called "consensus" are doing so for fear they are being disproved more with every passing day.  They cannot afford to answer the criticisms since they're hypothesis is riddled with error.

Is there any real need to rush to judgment?  Or is this more a contrived need with those pushing the global warming issue recognizing that once unleashed, the movement will go on and on and on regardless of the validity of the movement.  These things take on a life of their own as we have seen in any number of previous government-backed programs, without regard for facts.

This debate is far too important and far too costly for us to make an incorrect judgment.  We will literally ruin the economy of the United States if this is permitted to take root, and we're already sliding down a very slippery slope created by other government meddling where well enough should've been left to be.

The use of the term "debate" is really a reach since there has been only a one-sided diatribe to date; there has been no true debate. 


 

Is The Journal Sentinel In Play?

By Al Campbell
Monday, Dec 29 2008, 08:25 AM

The Journal Sentinel has been going through the throes faced by virtually all in the print media.  Layoffs have been encountered several times, newspaper size has diminished and now the daily news stand prices have been increased with the daily editions going from $.50 to $.75 and the Sunday edition going from $1.75 to $2.00.

I noted a week or so ago an announcement of the hiring of a senior executive and paid relatively little attention to that item.

As I saw the note about price increases, I was reminded about that earlier announcement and recalled that the new hire was given what is commonly called a "Change of Control" agreement.  These agreements typically offer protection of one kind or another to the person hired in the event of a 'change of control', or, in other words, in the event that the company were to change hands.  My recollection was that this agreement carried a term of two years from his date of hire.

I had a personal experience that saw me receiving a similar agreement and that was prompted by inquiries from potential suitors about the availability of the company by which I was then employed.

With this line of thought going, I recalled that there was a recent infusion of cash by an investor who thus increased his stake in the company.

Beyond this, the prices were raised on those things that could bring a more or less immediate increase in income that could cause the 'books' to look better than might've otherwise been the case on top of the decrease in people costs.

As I began to put all these pieces together, I found my self wondering if we're watching the sale of the Journal Sentinel being discussed, or if a suitor or two has or have made themselves known to senior management.

The pattern looks familiar.


 

Economic Trickle-Down...

By Al Campbell
Tuesday, Dec 9 2008, 10:11 AM

There is debate over whether or not the "trickle-down" theory of economics functions as advertised.  I have a friend whom we'll refer to as John Jones for the purposes of this Blog since he prefers to remain anonymous.  He feels that he can attest to the fact that "trickle-down" is alive and well.

John Jones is a small business owner.  He is a professional and sells his services to clients.  That process often finds him traveling and sometimes traveling for several weeks at a time.  This creates, as you can imagine, some pretty hefty travel bills by the time flights, hotels and meals are all totaled up.

John has been a user of his American Express card in good standing for many years, and has had no need for a second card.  The typical AMEX card, as you may know, is not really a credit card in that it requires full payment by the due date that shows on each and every billing statement.  American Express is known to not be very understanding when one misses that due date, so John Jones has been quite meticulous about being sure his payment has been made on a timely basis.  John's card was set at a maximum amount of $10,000 and that had worked well for John over the many years he has been using it.

John tried to use his AMEX card a few weeks ago and was shocked to learn that his card was declined.  Fortunately, this usage occurred at a gas station and he had sufficient cash to pay for the gasoline.  When he called the American Express customer service group, he indicated that his card was well within the limits set by AMEX and that he was within the time period (set by them) for his payment to have been made.

He was even more shocked to learn that his $10,000 card limit had been arbitrarily lowered to $2,000.  He hadn't been notified of this and told them so.  They said that their company policy recently (apparently for about a year) has been to review all accounts and to re-establish credit limits based on the analysis of patterns of use.  Since his card had typically not been at the amount he was carrying at the time, they had decided he didn't need the $10,000 limit, so they thought they'd lower it.  In effect, AMEX was trying to protect itself since it's customers have been getting slower at paying as the economy sours, and AMEX was simply cutting future losses by limiting card exposure one customer at a time.

As stated earlier, John Jones is a small business person and isn't made of money.  He is accustomed to paying his bills and most of his clients are accustomed to paying their bills.  But, they take the full 30 days and sometimes a little more.  As the economy tightens, they are likely to take 45 days or maybe even 60 days.  Some may falter and have to go through the process of bankruptcy.

So, John is now faced with having to make some decisions.  He may need more capital put into his company.  He may need to tighten his credit terms.  He may need to insist on prepayment of some engagements if those are going to be extensive and sure to cost much more than the $2,000 limit, etc. 

John's clients may tell him that they'll find another professional with similar credentials to handle their business.  They may simply use his services much less than today.  This is representative of the "trickle-down" theory of economics, and it really has an impact on each of us whether or not we recognize that. 

We're not crying huge tears for John.  He's a big boy and he knows how the world works.  But, I thought it very interesting to hypothesize about what I would've felt in a similar situation.  What would happen if you or I were traveling on an extended trip only to learn that we can't get a hotel room in New York or Los Angeles or where ever?  Remember that hotels reserve a portion of your credit line for the costs they expect you might run up when you check in or even when you make your reservation, if in the near-term.  What would have happened if a large meal for several members of the client firm had been consumed and then you learned you couldn't cover the cost?  How embarrassing!  And, would that client have remained a client?

I'll be sure to review my credit limit on each monthly AMEX bill since I'm also a user.  I'll try to be sure I have some other alternative 'plastic' just in case.  And I'll continue to try to pay my bills on a timely basis even as the economy softens.

And, I'll continue to be a firm believer in "trickle-down" economics...at least on the ill effects of "trickle-down" economics.


 

A Daily Dose Of "Feel Good"...

By Al Campbell
Monday, Nov 24 2008, 10:29 AM

I wrote about 'slippery slopes' back on October 15th.  It seems that things have gotten progressively worse since then.  We are, if we permit it, deluged with bad news.  That can take a real toll on us if we permit.

I know it isn't happening this often, but seemingly I read about another 'intervention' on a daily basis.  This morning I learned that you and me have bailed out Citibank with $20 billion of our dollars and more to follow that in the form of protecting that company against some $300 billion of bad investments.

We have been pummeled over the subject of the 'big three' automobile companies and what it is we need to do for them and their employees.  This one particularly hits home since we have relatives who could be adversely affected depending upon what is or isn't done.

We know people who have had significant losses in the stock market over the past several months.  Obviously the word 'significant' has a different meaning to each of us.  If we had a million dollars and lost half, that would be 'significant'.  If we had five hundred dollars and lost half of that, that would be just as significant if not more so, as I suspect you'd agree.

I read about our president-elect and a new multi-hundred billion dollar 'bail out' program that he wants ready for his signature by the time he is sworn in as our next president.  I read about the price of turkeys being higher this year. Thanksgiving Day is upon us and I imagine that many are questioning what it is they have for which to be thankful.  Even though we live in the greatest time in history and in 'the land of plenty', we sometimes seem to have problems finding things for which to be thankful.

It really seems that we have to search for our daily dose of "feel good".  Yes; I do believe that we need some "feel good" daily or we risk becoming deadened to the things about us that are good.  Some of us find that dose of "feel good" in the scriptures; some of us find it in the beauty of nature; some of us find it in the kind words of a friend; some of us find it in the giggles of a youngster; some of us find it in books or art or music; some of us find it in the warmth of the touch of a loved one; some of us find it having done a good deed for another.

Some of us, on the other hand, feel good only if we're able to buy things, or if we can dine at the best restaurants, or if we can sip an expensive wine each day, or if we can feel superior to a neighbor because our house is bigger, or our automobile is larger and more expensive.

In our present economic situation, it will be much easier to find our daily "feel good" if we can do that in a non-economic sense.  It isn't always easy to make that transition; I know that from having been on both sides of this equation.  But, it is well worth the effort that is required.  Some of us will find ourselves learning or re-learning how it is to live on less; some of us have already begun that learning process.  Very few of us will be able to avoid some level of 'less' during this period in our nation's history.

But, we don't have to go without that daily dose of "feel good".   


 

Print Newspapers Continue Decline...

By Al Campbell
Thursday, Oct 30 2008, 08:59 AM

The Journal Sentinel released its report for the latest period and the news was a continuation of the trend that has been apparent for many newspapers nationwide.

The Sunday edition dropped 3.8% and the weekday edition dropped 3.9%.  My family has become one of those that dropped the weekday edition at our renewal a week or so ago.  I now find my daily news using JSOnline during the day and settle in with a lap full of newspaper on Sundays.  I have had the tactile sensation of a newspaper in my hands for nearly so long as I can remember, and I confess that I miss that experience.  As stated in a much earlier Blog, I delivered the La Crosse Tribune for several years while growing up near that city so I'm accustomed to having smudged fingertips from the newsprint.

I was frankly surprised during a recent meeting of Bloggers when I asked the group nearest me about their subscriptions.  I was in the minority since most had already dropped their print editions.

The newest iteration of JSOnline is improved and more easily navigable from my perspective.  I suspect that more and more people will make the decision to discontinue their daily print edition.  The users of JSOnline continue to increase and the new version should assist that migration...if that is desired by the Journal Sentinel organization.  They find themselves in a bit of a fix.  On the one hand, they want to be in a leadership position as the shift continues.  On the other hand, they need to find ways to boost their revenue stream to offset the loss of subscription money and advertising dollars, and the advertising doesn't seem to have kept pace with the shift from print to electronic media.  Part of that is obviously about the economy, but to what effect may be hard to measure.  If GM and Ford and Chrysler continue to become shadows of themselves, and if their major dealers either go out of business or downsize, advertising dollars will get more and more scarce.

I believe that much of this movement has been driven by the rising prices caused in large part by the price of oil and all things related.  Newsprint is among the real cost increase issues for publishers.  That goes away when printed newspapers are no longer printed.  The leap from the historic "paper", though, is not assured to be successful; we see the struggles of the majority of publishers across our nation.  Those that have significantly diversified, as has the Journal Sentinel organization, should have a better outlook as this migration continues, but nothing is certain in today's economy.

People costs are also a significant factor and we've seen the staff cuts that have been made a couple of times so far.  I suspect there is little if any fat left, so that future cuts will be felt in the overall quality of the effort.  There are those who would claim that is already an issue and that this may be hastening the outflow of subscribers.

Milwaukee is by no means an isolated phenomenon in this regard.  The New York Times and the Los Angeles Times both saw continuing declines.  The old stalwart "Christian Science Monitor" has just announced that it is going to end publishing a print paper by next April.  There will be many more casualties before this storm has calmed.


 

Food For Thought...

By Al Campbell
Tuesday, Oct 28 2008, 03:59 PM

I received an e-mail containing the following quotations and thought it simply had to be in front of as many readers as possible as we approach perhaps the most important election in my lifetime.  Much food for thought follows:

      • Suppose you were an idiot.  And suppose you were a member of Congress, but then I repeat myself.---Mark Twain
      • I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.---Winston Churchill
      • A government which robs Peter to pay Paul can always depend on the support of Paul.---George Bernard Shaw
      • Democracy must be something more than two wolves and a sheep voting on what to have for dinner.---James Bovard, Civil Libertarian (1994)
      • Foreign aid must be defined as a transfer of money from poor people in rich countries to rich people in poor countries.---Douglas Casey, classmate of Bill Clinton at Georgetown
      • Giving money and power to government is like giving whiskey and car keys to teenage boys.---P.J. O'Rourke, Civil Libertarian
      • Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.---Frederic Bastiat, French Economist (1801-1850)
      • Government's view of the economy could be summed up in a few short phrases: If it moves, tax it.  If it keeps moving, regulate it.  And, if it stops moving, subsidize it.---Ronald Reagan (1986)
      • I don't make jokes.  I just watch the government and report the facts!---Will Rogers, Humorist (1879-1935)
      • If you think health care is expensive now, wait until you see what it costs when it is free.---P.J. O'Rourke
      • In general, the art of government consists of taking as much money as possible from one party of the citizens to give to the other.---Voltaire (1764)
      • The inherent vice of capitalism is the unequal sharing of the blessings.  The inherent blessing of socialism is the equal sharing of misery.---Winston Churchill (1874-1965)
      • What this country needs are more unemployed politicians.---Edward Langley, Artist (1928-1995)
      • A government big enough to give you everything you want, is strong enough to take everything you have.---Thomas Jefferson, Virginia Patriot (1743-1826)

 Some things, it seems, never change.


 

Powerful Words...Powerful Thoughts

By Al Campbell
Wednesday, Oct 22 2008, 08:53 AM

The following words are variously attributed to both Abraham Lincoln and to Rev. Wm. J.H. Boetcker (circa 1916).  Without debating from whom they flowed, I thought it very important that these be shared during this particularly important election season.

You cannot help the poor by destroying the rich.

You cannot strengthen the weak by weakening the strong.

You cannot bring about prosperity by discouraging thrift.

You cannot lift the wage earner up by pulling the wage payer down.

You cannot further the brotherhood of man by inciting class hatred.

You cannot build character and courage by taking away men's initiative and independence.

You cannot help men permanently by doing for them what they could, and should, do for themselves.

Powerful words and powerful thoughts, indeed!


 

Newspapers Struggle To Survive...

By Al Campbell
Tuesday, Sep 9 2008, 08:24 AM

I opined a few weeks ago about the state of newspapers across our country.  Much has gone into causing the problems faced by most of the major newspapers in the United States.  Increased costs for much of what makes up a newspaper are largely the fault of this dilemma.

This morning the "new" Milwaukee Journal Sentinel debuted in its 'smaller' size.  The Business section has been reduced largely be eliminating the full financial report in favor of stocks of local interest.  The 'B' section that was formerly tailored to various locales has been changed to the "Local" section providing a little news about most of the outlying area.  Other changes have been made but these struck me as the most visible.

Marty Kaiser, Editor, was featured on the cover page explaining the changes and the reasons for those changes.  The essence is that revenues continue to decline while expenses continue to climb.  That combination obviously cannot be permitted to continue if the newspaper is to have any hope of survival.

My intent is not to "pick on" newspapers in general or the Journal Sentinel in particular.  I believe that Journal Sentinel leaders are doing that which they think will help stem the tide of red ink.  I'm not sure they have any other choices.  Two rounds of voluntary buy-outs and involuntary lay-offs have already come and gone.  I suspect that at least one more will come again before this has been finished.  Whether or not those actions will be good or bad ultimately remains to be seen.

Similarly, the reduction in size/content may or may not be part of the solution.  It could prove to have been part of the problem before all is said and done.

This effort is meant to recognize that much of the content has been available on websites for some time.  It recognizes that advertising dollars are moving to where the readers are and leaving those places where readers are frequenting less and less.

I wonder if the latest changes in content on the printed page will help stem the flow or if it will end up exacerbating the problem by moving more people to the Internet more quickly?

We'll not know that answer for sometime, but I suspect that we will ultimately learn the answer.  I am happy about one thing:  I do not have the responsibilities of trying to operate a newspaper on my shoulders.  I would not wish that on my enemy at this point in time.


 

Olympic Oppression...

By Al Campbell
Sunday, Aug 10 2008, 07:11 AM

As we watch the Summer Olympics, we see the pageantry and the heroics of the athletes from around the world. 

We don't see the oppression that has persisted for centuries in China and that continues to persist under the very noses of those who are walking the streets of Beijing.

TV cameras and microphones have been installed in all the taxi cabs and are remote controlled by the authorities to be sure that no one says or does something threatening to the regime.  130,000 police and soldiers are present ostensibly to protect the attendees.  They also help assure that the opposition will be suppressed during the games.

300,000 Chinese citizens augment the 130,000 people mentioned above as additional eyes and ears.  Reporters are subject to censorship.  Passports are summarily pulled from some reporters who have sought to broadcast by telephone back to their home countries.  That is a subtle form of reminder that the regime is in complete control and that one shouldn't forget it.

Against this backdrop, the President stood aligned with Chinese protestants this morning to deliver a few words of support.  We don't know what kind of persecution will follow when the reporters and TV crews leave, but we can remember the Tienanmen Square episode of a few years ago and draw upon those scenes of brutality to get some idea.

China is China.  Nothing more and nothing less.  It owns a big chunk of America.  It spies on us every day.  It works to find weaponry that can be used against us.  It still wishes to defeat us; if not on an actual battlefield, then in commerce.  We seem to forget these things, but they are critical.


 

2008 State Fair Experience...

By Al Campbell
Saturday, Aug 9 2008, 08:54 AM

Bus Instead of Drive...

The Riteway/WCCE bus to and from the State Fair is a great deal in my estimation.  I have become a convert after this my third year of using this service.  A pleasant ride down and back.  Buses every half-hour.  Clean.  Relatively inexpensive.  And, discounted State Fair tickets courtesy of All American on Mequon Road in G'town.

Future Drop-Out?

Soon after arriving, I had an experience that has haunted me since.  I do not mean to be offensive, but I suspect some will be offended.  I heard a man hollering and saw, some distance ahead, a mother and son (about 5 years old).  All were well-dressed and neat in appearance.  They were working on some problem the son was having and the son had dropped a near-life size Spiderman game prize on the street while this went on.  That father was furious that 'Spidey' was on the street (although the street was clean and dry for a street).  The mother, who had been quiet until the hollering began, also commenced to scream and berate the boy.  The boy looked bewildered and then began to cry, only provoking more hollering and the use of epitaphs that refer to one's mother derogatorily.  Both mother and father used this term in addition to telling the boy that he was "stupid".  Then, the father, apparently having done his duty, turned and left to go back in the direction of the inner fairgrounds eating his 'blooming onion' while the mother and son walked toward the exit on 84th street.  Mom continued to berate the son verbally.  I didn't see any physical involvement.  There was no intervention by fairground security if they were even aware.

This was a 'stomach-turning' display.  There is no other way to describe it.  It was so out of the ordinary for me that I was dumbfounded.  It was over very quickly for me (except for the images in my mind) but the little guy lives in that world 24/7.

Frankly, this immediately brought to mind another drop-out at the age of fourteen or so adding to the woes of the Milwaukee Public School system and society some nine years from now, if it takes that long, and if he survives that long.  What kind of future does that young man have if he continues to be raised and educated in his current environment?  Where did society take the wrong turn that created the environment that produced Mom and Dad?

Economic/Political Indicator?

There seemed to be less lugging of mops and brooms and other 'fair goodies' this year than last.  The hawkers had smaller audiences, if an audience at all.  I saw two political party booths: Democrat and Libertarian.  I may've missed the other major party's booth but I don't know where it was.  If it is any consolation, neither were over-populated at the time I passed them.  To think the people were all at the other party's booth is, however, to be naive.  I saw one Obama button being worn and that was by a person who had boarded the bus in West Bend.

That was it for this year's fair experience other than to say the weather couldn't have been better.  We again saw Rhonda and her husband performing at Rupena's renewing a friendship of my wife's.  I guess my overall experience of the fair was over-shadowed by that early encounter with the highly dysfunctional family.  That was a 'downer', to borrow a term from a younger generation, that I'll carry for some time.


 

"Forever Stamps"...A Good Deal?

By Al Campbell
Thursday, Aug 7 2008, 09:04 AM

If you were prescient and stocked up on the Forever Stamp while it was still available at $0.41, you may be able to say "Gotcha!"

A small news item caught my eye this morning.  The U.S. Postal Service (USPS) posted a loss of $1,100,000,000 for the quarter ended June 30th.  Yes, that is $1.1 Billion that was lost by the USPS, now a private organization.

The reasons cited were reduced mail volume (blamed on the slowing economy) and rapidly rising transport costs.

We can all understand that the cost of fuels that go into delivery have gone through the roof.  Everything delivered costs more, or soon will.  And, the economy has slowed.  Given the apparent political stalemate on drilling for oil here and now, fuel costs will likely do nothing but continue to increase.  Your Forever Stamps may prove to have been a really good investment since postage costs will almost certainly have to rise for us consumers.

I wonder, however, if there may be something more at work here.  Is it possible that we are watching the initial death throes of snail mail as we have known it for our lifetimes?  We know that more of us are computer literate today than ten years ago.  I think we would agree that use of computers and other communications devices will continue to accelerate.

Between telephones and other electronic communication media, and with delivery services available that have already taken most of the parcel post market, are we in the process of ending the use of delivered items that we walk to a mailbox to retrieve?  Simply look at the state of newspapers in our country today to get some idea of the potential impact.

Will there continue to be a USPS ten years from now?   Twenty?

If so, what will it look like and what will it do?  What will happen to all the brick and mortar that carries the USPS logo?  What happens to the tens of thousands of employees?

Could this really happen?   Did anyone ever ask that about horses and buggies?  Did anyone ever foresee air travel in the 1850s?  Did anyone ever foresee space travel in the 1930s?


 

NYC Equity Investment Firm & Germantown?

By Al Campbell
Monday, Apr 21 2008, 08:21 AM

It is expected that Corsair Capital, a New York based private equity group will sign a deal with National City today that will affect Germantown.  You've guessed by now, if you're a regular reader, that the effect is to keep our newest bank name, National City Bank, in Germantown, at least for the foreseeable future.  Corsair and some other individual investors will put around $6 billion into National City at a share price of some $5.00.

We earlier traced the evolution from St. Francis Bank to Mid America Bank to National City Bank in the first Blog that discussed the plight of National City.  It's shares closed at $8.33 on Friday and that marked a 52 week decline in value of 78%.

So, it appears that my friendly, efficient bankers in Germantown will continue to be there when I need them.  I'm happy for them and for me and the rest of their customers.  Changing banks is a nuisance.  If there are direct deposits, those must be changed.  If there are automatic withdrawls, those must be changed.  New checks and bank cards must be obtained, and decisions as to which of the numerous accounts offered is the right account need to be made.  If Internet banking is involved, there is another level of change, and if telephone banking is involved, yet another level.

We sometimes are oblivious to the things that happen on Wall Street and the world but many of those distant happenings directly involve us in one or another ways.  This whole subject has been one that most of us has not followed...and yet it has an impact on our nice little village.  Our economy has truly become a global economy whether for the better or not.  IBM sold its laptop computer business to a company in China.  The Jaguar and Range Rover nameplates are now owned by a company in India.  GM is building a new engine plant in Brazil.  Medical x-rays are read off shore.  When the Far East markets hiccup, Wall Street flinches.  The demand for gasoline and diesel fuel in India and China have thrown our prices into a seemingly unending upward spiral.

Perhaps more important, these changes have occurred in a relatively short span of time..in decades rather than centuries.


 

Congratulations Menomonee Falls...

By Al Campbell
Thursday, Apr 17 2008, 10:27 AM

Our neighbors to the south have just scored a significant new deal that will see a 110 room Radisson Hotel rise up like a Phoenix where the old, run-down motel stands today at the intersection of Main Street and Hwys. 41-45 in the Falls.  The eyesore will begin to be redone quickly according to reports and will include a 'name' restaurant when completed.

The development group doing the Radisson will also construct a total of 82 condominium units across the street from the hotel site apparently in three increments.

Maybe this will be the stimulus necessary to see the closed store fronts reopened, and to see the empty lots populated by farm market wagons in the Summer and Fall put to a more valuable use for the citizens of the Falls. 

And, it can't help but rub off a bit on us Germantown folks.  We'll have ready access to a new hotel for guests, a new restaurant that might be a nice destination and simply the general aura of success that comes from area re-development.

Tax incremental financing is great when used wisely, and the Falls seems to have come alive recently in that regard.  This is the second major deal to be announced in weeks.


 

Wisconsin Losing Population...

By Al Campbell
Tuesday, Feb 12 2008, 09:10 AM

United Van Lines recently released its 2007 survey of migration patterns from state-to-state across the country.  It shows that, while Wisconsin is not yet listed as a 'high outbound' state, it is nearing that designation with 54.6% of moves being out of the state rather than into the state.  55% is the trigger point to move into the high outbound category.  This trend has been evident since United started this survey in 1977.

Given our winter so far this year, we might blame some of these outbound moves on that.  North Carolina was the highest rated inbound state, followed by Alabama, South Carolina, West Virginia and Tennessee.

Great Lakes states were in the high outbound category with Michigan on top, and North Dakota, New Jersey, Indiana, Illinois, Pennsylvania and Ohio included.

The Wall Street Journal carried this a step further in a morning Editorial by establishing a significant link to the outbound states.  Each outbound state is a high tax state.  And, the eight states without an income tax are all inbound states.

The Dakotas are an excellent example of this movement.  North Dakota ranked second worst in outbound migration in 2007.  South Dakota ranked in the top 10 inbound states.  North Dakota has an income tax, and South Dakota does not.

Winter isn't the culprit there, and it isn't the culprit in the rest of the Great Lakes states.

Our politicians need to wake up and recognize that rising tax rates drive people away.  Just as the increase in tobacco taxes will ultimately result in far lower tobacco tax collections, the same holds true for taxes in general.  When tax rates are decreased, actual tax collection increases over time.  Similarly, when tax rates are increased, actual tax collection goes down over time.

One sure way to reduce tax collection is to drive people away from our state.  And it seems we're in that mode based on United's study over the years.


 

Plethora Of Points...

By Al Campbell
Monday, Jan 28 2008, 09:41 AM

Earmarks...

The Republicans are fighting amongst themselves over whether or not to try to control their budget 'earmarks', and if so, how to proceed.  The party's elected members met over the week-end and failed to take any real steps to end earmarks.  The President is expected to address earmarks in his State of the Union address this evening.  It is reported that he will tell Congress that he'll veto any appropriation bills for 2009 that have greater than 50% as much in the way of earmarks as the same bill in 2008 carried.

That is a start, but until we have convinced our elected officials that they are spending our money and not their money, we will make little if any real progress.

And, this may well be the only true bipartisan area we have.  It is an affliction of both major parties as well as the small group calling themselves independents.

Limits On The WCCA...

WCCA stands for Wisconsin Consolidated Court Automation and it has a website that you can access here.

This site permits any citizen to locate information about court decisions, charges filed, cases scheduled and so on by county.  If you have an interest in where the case involving John and Jane Doe stands, you would access the site, pick the county (if you know it) and key in one of the names.  You'll then see the actions that have been taken, dismissals if that is the case, etc.

For some strange reason there have been two recent attempts to limit public access.  Last summer, two Democrats (Schneider of Wisconsin Rapids and Kessler of Milwaukee) mounted such an effort.  They would've permitted access only for court officials, law enforcement personnel, attorneys and journalists.  Now Rep. Vos (R-Racine) and Sen. Lassa (D-Stevens Point) want to limit access by removing certain cases from this site.  Those cases or charges would include a civil forfeiture or misdemeanor within 90 days after dismissal, a finding of not guilty or if the case has been overturned on appeal and then dismissed.  Felonies would carry the same requirement except the time frame would be extended to 120 days.

Both of these efforts are misguided at best and an assault on our rights at worst.  Wouldn't the accused rather have the information there for all to see if he or she had been absolved or if the case had been dismissed.  Why would we be concerned about those convicted? 

An example of the significance can be found in articles now running in the Journal Sentinel concerning physicians who have been involved in numerous complaints alledging malpractice over the course of time.  Many of those records would become unavailable under these efforts to wipe the slate clean.  This is not only an assault on our rights but it is also potentially going to endanger lives.

Anti-Gun Proposals...

Many in the group that would outlaw ownership of guns, or the group that wants to ban the carrying of guns (that is legal in 47 other states) would have us believe that their solution is the answer.

Here are some snippets that seem to point in the other direction:

  • New Jersey adopted a very strict gun law in 1966 and by 1968 the murder rate was up 46% and the robbery rate was up nearly 100%.
  • Hawaii adopted a series of anti-gun laws and its murder rate tripled over the next ten years.
  • Washington, D.C. imposed strict gun control laws in 1976; its murder rate has grown by 134% since.
  • England banned handgun ownership in 1997, and the number of citizens injured by firearms has more than doubled since.
  • Prior to these actions, the statistics cited had been falling.

When guns are banned, only the bad guys have guns.  In states where concealed carry laws are in place, the bad guys really have to think hard about trying anything.

Miller Executive Dies In Walkers Point Shooting...

The Director of Compensation and Benefits for Miller Brewing was killed at about 1:10AM on Sunday morning after leaving a bar in Walkers Point.  He was accosted by a robber, gave the person his wallet and was then shot to death as he sat in his auto.

The concern immediately arose over whether Milwaukee would suffer as the result of this in the process that is now ongoing as to where the headquarters of the new combined Miller Coors will be located.  It is reported that crime and homicide rates rank first in the equation that most corporations use to determine quality of life rankings.  The Journal Sentinel reported this morning, and I paraphrase, that Milwaukee is 2.3% larger in population than Denver, has 228% more violent crime including 263% more homicides.  This is extrapolated from the FBI's statistics for the first half of 2007 that were recently released.

Would you think about that if you were making the decision?  Would you add in the fact that MPS is graduating 50% or fewer of all students that start as freshmen?


 
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