There aren’t enough tax dollars in the city, state or even the federal treasuries to keep buying safe communities. At a cost to the city of millions of dollars, what we are really investing in is propping up the real estate around a major employer and tax base. This wasn’t necessary in the fifties, because Read More
Yesterday the market went into a wild tailspin- pulled out- then is back to swinging like a pendulum. This isn’t anything about “investing” in companies- this is all about betting on horses- and that’s a stupid way to manage an economy. Really- horses and stocks aren’t connected to a predictable financial reality- the one that’s Read More
Reading today’s Dayton Daily News, where the obvious gets reported years late, I realized that resistance is futile, we may as well throw in the towel and give up. More than four decades after racial discrimination in home lending was outlawed, lenders in the Dayton area deny a much higher percentage of loans to blacks Read More
If you listen to the pundits and the politicians, you’ll hear all kinds of excuses for why our entire economy collapsed virtually overnight. Lots of blame on sub-prime loans- and even that the government was responsible for pushing people into homes they couldn’t afford. It’s all total BS, but finding someone credible to point out Read More
An interesting thread started in the comments of the post asking if Congressmen should recuse themselves from votes where there is campaign cash involved- and it came down to business vs. union. Jeffrey of Louisville (former publisher of the much missed Daytonology blog) contributed this comment after we’d already taped today’s Dayton Grassroots Daily Show- Read More
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