I stopped at a Starbucks Coffee in Montclair, CA last week. I was on the way back from Mexico and needed a restroom break. They had a feature that I’d never seen in a Starbucks before. A b...Read More
“No people in history have ever survived who thought they could protect their freedom by making themselves inoffensive to their enemies.” Dean Acheson US Secretary of State under Harry Tru...Read More
Moral hazard occurs when someone insulated from risk behaves differently than they would behave if they were fully exposed to the risk. An example is people who live in coastal zones where there is a ...Read More
“How are you going to determine what the work is worth unless you begin thinking that a day’s work is worth a certain sum of money.” The quote above was written by Elwood Mead the fa...Read More
Football (soccer) is a great metaphor for life. Showing off my England Shirt but cheering for the USA We just watched the USA play England to a draw in the first round of the World Cup. I forget how...Read More
California is talking about banning trans fats in foods served in Restaurants. I smell Nanny State. A city in Northern California is talking about banning toys in kids meals. Nanny State Alert. A ...Read More
We know about economies of scale from Adam Smith and the famous pin factory. As you make more of something the per unit cost goes down. But when an organization get past the optimum size dis-economi...Read More
I found this mystery pod on the ground outside Huntington Hospital in Pasadena. It turned out to be the dried and twisted seed pod of a Wisteria vine. This is an example of Backyard Scuba. If you ...Read More
Here is a proposal for an economic indicator to consider. When geese are running wild around residential neighborhoods the economy is okay. If they start to vanish it is a sign of a serious recessio...Read More