The news wasn’t exactly earth-shattering. The credit union for employees of the University of St. Thomas said that because of current credit conditions, it no longer will pay interest on account balances above $45,000. Since the credit union reportedly has…
Don’t blame it on forecasts
Consider the following statements made between November 1998 and February 2002: By fiscal year 2003, the balance will grow to $876 million. $1.94 billion budget deficit projected for 2002-03. Minnesota’s budget deficit is now expected to reach $2.29 billion by…
Global pressure to change policies only goes so far
“I’m not here to give advice, I’m here to lend support,” said President Bush about his economic discussions with Japanese Prime Minister Koizumi. That showed unusual tact for a leader not given to diplomatic niceties. Whatever the two leaders said…
Hungry inherit the work
It was 1947. Leo Durocher’s pitchers were complaining because an African-American, Jackie Robinson, was being allowed to play in the major leagues. “He’s just the first. Just the first,” responded Durocher, one baseball’s most famous managers. “They’re all going to…