Juggling Dynamite

Paul Volcker, former Federal Reserve Chairman, explains why he believes the Volcker Rule has already been effective and says that regulation does not have to be overly complex. He also opined on current Fed policy and the prospects of a fiscal reform agreement. Here is a direct link.

Albert Einstein is quoted as saying that: “If the bee disappears from the surface of the earth, man would have no more than four years to live. No more bees, no more pollination … no more men!” Gary Shilling is one of my favorite economists and financial authors and I have always been intrigued by his apiaries so I enjoyed this clip.

“Gary Shilling has an unusual hobby: he’s a beekeeper. And for years, the legendary economist has been sharing his homemade honey with clients and close friends.

Harvesting and selling honey is a notoriously money-losing business. As he explains, apiaries make their money by providing pollination services to the agriculture industry.

Shilling neither offers pollination services nor sells his honey.

Business Insider recently spent a day with Shilling at his New Jersey home…or apiary…where he showed us what bees and honey are all about.” Here is a direct link.

This fiscal mess stuff is pretty heavy. In “a message for the Millennial generation” on TheCanKicksBack.org, Alan Simpson, 81 year young, former Republican Senator and co-chair of the Simpson-Bowles committee on fiscal reform, does the “Gangnam Style” dance to get attention for fiscal issues and gave me a chuckle. I think it is important to bring as many young people as possible into awareness of present issues. They definitely have a direct stake in outcomes and obligations undertaken.Here is a direct link.