Maggie's Farm

Landsberg piece in the WSJ was in Saturday's edition.He missed a few important stats with regard to workweek hours and a few other things.

His main thrust is a kind of epiphany "gee, economically growth occurs, and in the last several hundred years at a faster and faster rate. Thus the statements:

"The moral is that increases in measured income -- even the phenomenal increases of the past two centuries -- grossly understate the real improvements in our economic condition."...and

"The source of this wealth -- the engine of prosperity -- is technological progress."

He never mentions THE one key element that was the foundation for both of the preceding.....the formation of capital for driving the engine of prosperity. Closely behind that key element is that the capital formation allowed us to accelerate our knowledge so that something on the order of 7/8th'sf all the knowledge man has acquired throughout the ages has occured in the past 100 years.

Quite amazing.

Shame on the Bank of America for providing credit cards to illegals.

As a former BofA project manager for three years, working fo the Private Bank's Strategic Initiatives area I can say firsthand that the search for growth within BofA is relentless. So the dividend won't be as big, so our share price has been stuck in a $3.00 range for years ..damn it we're gonna be the biggest.

I believe it all started when NationsBank of Charlotte, a relatively small regional bank bought Barnett Bank of Florida's massive branch system, but in systems trouble and then went about within 18 months of buying Bank of America and changing the name for marketing reasons...the culture clash between the boys on the west coast being acquired by a bunch of rubes fro North Carolina right in the heart of NASCAR country was too much for harmony to prevail...I mean who sees a good Merlot advertised on the hood of a NASCAR machine? Nappa Valley dons got the vapors while Charlottes egos soared ..not a good combo.

SAVING THE WORLD: ONE BEGGAR AT A TIME

Africa was freed from colonialism 100 years too early by the world abolistionists who had no idea what they were going to subject the average African to...this is a great article.