Monthly Archives: August 2017

Still more issues and solutions (con’t)

51 G) Still more issues and solutions (con’t)

Issue: Guns are a problem in this country. Guns for hunting are not an issue and guns for self-protection are less of the issue as long as they are properly registered. The big issue has to do with just about all other forms of firearms. For those who scream “2nd Amendment” I would invite you to actually read it and understand the “intent” of the Founding Fathers. The wide availability of assault weapons that are easily modified into fully automatic mode is alarming.

Solution: This is actually a very easy “benchmarking” exercise. Simply examine other countries where regulations have been instituted without infringing on individual rights. A good model would be the one utilized in New Zealand and another more recently adopted in Australia. The solution is not banning guns, just having more reasonable and effective regulation.

Issue: Our approach to currency is lagging behind most countries. While we did make a smart move early on by converting to a “metric” system of currency completely different from the traditional English system. However, over time we have not kept pace. Examples: A dime today is worth less than a penny was a 100 years ago and a dollar is worth less than the 1916 dime. It interesting that we were able to convert vending machines to accept paper money rather than converting low denomination paper into coinage. That conversion would have been less expensive.

Solution: We need to do away with the penny and the nickel. We need to convert both the $1 and the $5 bill into coinage. This needs to be a federally changed with a future mandated date that allows for a smooth transition (approximately 2-3 years).

Still more issues and solutions (con’t)

51 e) Still more issues and solutions (con’t)

Issue: Incarcerations, prisons, the tax payer rip-off. We seem to have a culture in this country regarding incarceration that is at odds with the rest of the civilized world and the tax payer is the real victim. The national average cost of incarceration is almost $40,000 per year!

Solution: The US has 5% of the world’s population, but incarcerates 25% of the all those in prisons worldwide. Do we just have more criminals than other countries? Perhaps we are just much better at catching the bad guys? Actually neither is true. The issue is that we would much rather spend more money jailing those who have broken laws as opposed to assisting them in becoming tax paying citizens. In Arkansas the typical person released is given $100 and a cell phone. With the majority of crimes committed being drug related you can imagine what the person released does with those two items! The proven solution is to help fund transition facilities that provide temporary housing, counseling, life skills training, transportation and employment access. Some attention is given to this, more funding needs to be allocated to assist with this process with the specific targeted goals of reducing recidivism and saving money. We can reduce the “revolving door” process that we currently experience in our prisons.

Issue: High Frequency Traders are ripping off the traditional investor. This is actually a “legal scam” which has been created through cooperation of the financial markets and the HFTs. The HFTs pay the markets to have nanosecond access to buy and sell orders. This allows them to see gaps between these order and place nanosecond buy and sell orders in the middle of the transaction. What happens is that for most orders there is a duplicate buy/sell transaction that the traditional investor never sees. It is true that the intermediate transaction may only yield the HFT a few cents per transaction, but when you multiply this the volume of transactions the total rip-off is enormous. It can amount to over $5 Billion in profits a year on just the NYSE!

Solution: Read the book “Flash Boys” and/or go to this site:

stay tuned for more issues and solutions next week


Issues & Solutions con’t

Chapter 51 d)

Issue: Life Skills Lacking

Solutions: Educational curriculums do not include the most important life skills required to navigate life. What should be a requirement for a high school Curriculum, in my opinion, are subjects that prepare the young adult with the skills necessary to lead a successful and productive life. What should be a requirement for a school curriculum, in my opinion, are subjects that prepare the young adult with the skills necessary to lead a successful and productive life. What would these be?:                                                                                                                                                                   Financial Skill Set Money management budgeting and savings, balancing a checkbook/checking account, improving/fixing credit issues & scores, practical money management/skills, credit card management, basic bookkeeping, simple (and free) accounting software, Internet Banking & taxes & tax preparation.                                                   Employability Skills Resume formats and content, filling out a job application, interviewing skills, dress & appearance, behavior & attitude, understanding employer expectations, drug testing, payroll items (social security and Medicare taxes) educational requirements and experience.

Parenting & Relationships Healthy Relationships, Family relationships, marital/romantic relationships, friends/co-worker relationships, communication skills, mentoring/role models, sex & financial issues, understanding basic child development, methods of disciplining children and how substance abuse affects parenting skills.                                                               Nutritional Skills Nutrition and cooking, 0utline of a balanced diet, how to read and understand food labels, how unhealthy foods affect the body, meal planning, food shopping/creating a grocery list, carbohydrate restriction (the good and the bad), EBT and eating healthy but economically.

Quality of Life Skill Set Stress and anger management, relaxation techniques, coping skills, involvement in leisure activities, time management, success principles, immune system maintenance and the value of daily exercise.

Accommodation & Transportation Skills Apartment hunting, managing, finances and paying bills, utilities & deposits, property purchases vs renting, up-front costs, property maintenance, insurance (renters/home/auto), property taxes and auto leasing vs. ownership.

These courses could commence as early as middle school, but no later than Jr High.

Issues & solutions continue next week