Wild Pigs Are The Problem

Steve Evans has a great
article,
Free (Market) Verse, over at Third Factory. It weaves the recent history
of the Poetry Foundation with anecdotes about Gioia and Kooser, and observations
on the State of Poetry.
In a story that would be hard to make up, it appears that wild pigs were
responsible for the recent outbreak of E. coli in spinach. I like the
wild pig defense. I wouldn't be surprised if it didn't pop up again as the
core reason for our problems in Iraq, and the culprits behind the corporate
option scandal.
Stocks are on a roll and the Dow hit another high today. Even Nasdaq is
celebrating as their composite index hits its highest point in 5 years.
The folks at Nasdaq seem to have forgotten, however, that their composite was
once over 5,500 — back when everyone was sinking
their retirement money into Pets.com.
I've been thinking about that amazing statistic regarding housing prices and
median income. In many places on both coasts, the median home price is 12
to 15 times the median income. That means that a 6% mortgage,
together with PMI and property taxes, would consume the entire paycheck of the
average homeowner (well, OK, the median homeowner). How in the hell
could that be? It's not like the houses are owned only by the very rich —
70% of all American families own their home. The answer is a) ARM loans
with artificially low payments that are going to explode in the next couple of
years, and b) home ownership isn't 70% in the highest-priced areas (more
like 20% in some pricey locales where speculators account for most of the
housing sales), and c) many Americans have traded in the gains in the last house
to invest in their next house. The remaining ugly truth is that, nowadays,
it takes two incomes for most families to make it. What effect this has on
general family well-being I don't know, but it would be nice if Americans had
the option for mom or dad to stay at home. The irony in all of this is
that the GOP, the people who specialize in corporate welfare and the elimination
of estate taxes, are also the party of family values for God-fearing little
guys. You know, the ones who in large numbers would prefer their wives to
home-school their kids and have dinner on the table at 5:30.

Since you asked, here's the latest poop on my sons: Ky just got back from
Las Vegas in what I hope was at least a break-even excursion (last time, he paid
for the entire trip in poker winnings). He's also co-host of an Internet
radio show, Octale
and Hordak vs The World. Derek is in a killerbee Blues band, busses
tables for spending money, and made the Dean's List. He's totally Chicago
now, along with Frank of Frank's Title Service. I was chatting with Der
today and he asked me how to pronounce gala, which I looked up online and
then with OED. You can pronounce gey-luh or gal-uh, but the
British prefer gal-uh, and it's ultimately from Old French from a word
meaning rejoicing.
Cuisine? Cath asked me to bring greens and bread to dinner on Saturday
with Ky. It occurs to me that I used to remember my favorite jokes via
short mnemonic devices on the punchline (Two Texans pissing off a bridge:
"And deep, too".). Also, my favorite recipes such as Black Bean
Cassoulet ("The French don't recognize black beans, for God's sake"). Cassoulet is the ultimate French peasant stew and
cultural wars have been waged over its ingredients, which is typically duck
parts, garlic sausage, and white beans. Everything else is fought over:
tomatoes, pork, lamb, and various unmentionables. Some have ventured that its provenance is from the
15th-century Hundred Years War and created in Castelnaudary. Some say it
was originally Arabic. Definitive authors demand that haricot blanc
dominate. Cassoulet de Carcassonne features partridge. Some
health-conscious cooks report that Cassoulet is "good for the health and
relatively light", though most recipes call for almost 2 pounds of bacon in a
cassoulet for 8. Also pork knuckles, pieces of preserved goose, up to 7
onions, and the inevitable bouquet garni. All agree that it should
be served bubbling in its clay or porcelain pot with a natural crust, unenhanced
by bread crumbs. Now, if I just had a lot of somebodies to make this for.
I haven't checked recently. Maybe Tony R. is coming to town soon.
More tomorrow.
Comments
Jeff:
My wife and I are lucky in that Nevada schools pay enough for her to stay at home. I am not making a lot, but if say, I worked in a Utah school, or in California, both of us would have to work. In Utah because of low teacher pay, and California because of the cost of living.
As it is, we can live comfortably, save a little in my 403B every month, and not worry about a pension, because Nevada pays for that entirely---being on PERS like the railroad I don't pay Social Security tax. With my next series of raises at the end of t his school year, we will also be able to start a Roth IRA with no real strain on our budget.
On a similar note, every incumbant throws out the statistic of home ownership rising because over time, home ownership will always increase. It's the built in bragging point. Unfortunately, too many people are taking advantage of the Interest Only mortgages, which means they will be forced to move about every 3 years. Soon enough, the bubble is going to burst.
Posted by: Justin | October 27, 2006 07:29 AM
Thanks for the discussion and the link to cnn business yesterday. One answer to your question about "family well being" can be seen on my blog. This is an agonizing problem for anyone on the coasts with kids and no family money.
Posted by: Ange MLINKO | October 27, 2006 11:30 AM
Justin and Ange: thanks for the feedback. I agree wholeheartedly. Ange, I will go read your blog, which is always a pleasure.
Posted by: jbahr | October 30, 2006 06:07 PM