The full impact of the economic recession on our local charities will not be felt until next year. Although the recession has certainly curtailed charitable giving on the part of individuals, foundations, which typically use a rolling average asset calculation as the basis for determining the amount of money they will give for the calendar year, have yet to incorporate the reduction in their assets caused by the financial market…
Whether we like it or not, we need oil (Published in the Santa Barbara News Press in April of 2009)
While attending last week’s County Board of Supervisors meeting I was reminded of a recent newspaper article I read, with a response to a story about a hunter who had killed a deer. Outraged, the writer stated that the hunter should have instead gone to the store and bought their meat where it is made. It seems to me that most people don’t think about all the things we see,…
Correction Coming
It stands to reason that the stock market should experience a significant correction in the short-run. We have seen multiple new yearly, multi-year, and historic highs for stock prices of late, and the overall level of the Dow (12,000), and the S&P 500 (1,300) are at nose bleed levels. Last year we saw stock prices drive strong gains in the Dow (up 11%), the S&P 500 (up 13%), and the…
