A reader of my post on the financial crisis sent me a link to this cartoon. While rudimentary in its art and somewhat crude in its language, it provides a succinct scenario of the situation from the perspective of the people who made a lot of money before the credit collapse. […]
When I attended graduate business school in the late 1970’s, the big “change” in finance was examining cash flow instead of earnings. After all, the logic went, how can you make fair assessments on leverage and other ratios if you do not have a basic understanding of the underlying cash flow? A few of us […]
I had planned to followup my article about Apple with an article about the differences between my generation of computer users and my children’s generation. The impetus for my original plan was watching my eight year old daughters search Google the other morning for the term “cute baby animal pictures.” When I saw that Google […]
The first personal computer (PC) that I used was an Apple II, circa 1977. I read about it in an article in Fortune magazine and visited my local ComputerLand store to purchase it. Early adopters of Apple machines had to be comfortable plugging in circuit boards and controllers and handling floppy drives, monitors and other […]
Universal education in the United States is no longer a novel idea; in fact, K-12 education has become something most Americans take for granted. Even with issues of access and affordability in the world of American higher education, the possibility of obtaining a college degree is not out of the question for most Americans. For […]
In October 1960, Senator John Kennedy spoke to graduates of the University of Michigan and encouraged them to “live and work in developing countries around the world, thus dedicating themselves to the cause of peace and development.” On September 22, 1961, the culmination of the efforts Kennedy discussed at the University of Michigan the previous […]
In 1907, the U.S. Army Signal Corps was created to assume responsibility over all matters pertaining to military aviation, and in its earliest days was a fledgling force of only eight aviation balloons, a dozen officers, and only slightly more enlisted men. From that small yet effective force came the modern United States Air Force, […]
Read More… from Happy Birthday to the United States Air Force
Gas prices have fallen about ten percent since the Fourth of July holiday, but they’re still much higher than a year ago. Over the summer, many employers and colleges implemented four day work week schedules in order to relieve the cost of commuting. Some community colleges have reported distance learning enrollment increases of nearly fifty […]
Now that the Presidential conventions of both major parties have concluded, there are two months before Election Day. We’ll have speeches throughout the country, media coverage, and public polls up to the final exit polls during Election Day. For voters whose minds are made up, the coverage is probably overwhelming. For undecided voters, the coverage […]
As an alum of the graduate business school at Tulane, I followed the events in New Orleans during and after Hurricane Katrina. Three years later, it’s not just the weather that seems to have improved. Last Thursday, Tulane cancelled classes for this week and ordered an evacuation of the campus on Saturday, with students who […]
