Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label Bus Econ History. Show all posts
Showing posts with label Bus Econ History. Show all posts

Wednesday, April 18, 2012

Eagle Archive by Kevin Dayhoff: Measuring county's wealth in terms of cash, crops and heritage


Eagle Archive by Kevin Dayhoff: Measuring county's wealth in terms of cash, crops and heritage http://kevindayhoff.tumblr.com/post/21322264022/eagle-archive-by-kevin-dayhoff-measuring-countys



Around 1919, a local newspaper took issue with an article in a Baltimore paper that had credited "Yolo County, Calif., with the record of any county in the United States as being the wealthiest."

The now-defunct Union Bridge Pilot carried an article which took "exception to a recent article in the Baltimore Star… so far as per capita wealth is concerned, the citizens of Carroll county claim that honor themselves, and knowing The Star wants to be fair toward Carroll county, request equal prominence to the latter's claims." … http://www.baltimoresun.com/explore/carroll/news/community/ph-ce-eagle-archive-0415-20120411,0,6968390.story





Dayhoff Media Explore Carroll, History 1910s, Bus Econ History, Dayhoff writing essays history, History,



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Saturday, April 14, 2012

Eagle Archive: Measuring county's wealth in terms of cash, crops and heritage



Around 1919, a local newspaper took issue with an article in a Baltimore paper that had credited "Yolo County, Calif., with the record of any county in the United States as being the wealthiest."

The now-defunct Union Bridge Pilot carried an article which took "exception to a recent article in the Baltimore Star… so far as per capita wealth is concerned, the citizens of Carroll county claim that honor themselves, and knowing The Star wants to be fair toward Carroll county, request equal prominence to the latter's claims." … http://www.baltimoresun.com/explore/carroll/news/community/ph-ce-eagle-archive-0415-20120411,0,6968390.story


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Sunday, January 08, 2012

Kevin Dayhoff ExploreCarroll.com: Carroll County has endured many economic downturns

From bread basket to bread lines, Carroll Co MD has ridden economic waves http://tinyurl.com/7sxr5c9

Carroll County has endured many economic downturns http://tinyurl.com/7sxr5c9

Eagle Archive

By Kevin Dayhoff,


January 8, 2012

We greet 2012 while enduring the beginning of the fifth year of an economic malaise.

Yes, I am well aware that the National Bureau of Economic Research determined that our current recession began December 2007 and was over in June 2009.

Yeah right – tell that to Main Street.

The politics of roads, growth and development, recessions and the cyclical boom and bust of agriculture has always played a prominent role in the history of Carroll County.

The reasons for forming our own county in 1837 were many, but among them was inadequate attention by Annapolis to our road infrastructure and inadequate control over local land use and economics.

Although many may consider the politics of Annapolis to be truly foreign; just as today, many of the difficulties in our history have been a result of national and international economic dynamics from outside of Carroll County – and Maryland… http://www.baltimoresun.com/explore/carroll/news/community/ph-ce-eagle-archive-0108-20120105,0,5395525.story

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Thursday, November 10, 2011

The Heritage Foundation - Derek Scissors, Ph.D. and J.D. Foster, Ph.D.: Avoiding America’s Lost Decades

Avoiding America’s Lost Decades



October 18, 2011


The warning bells were sounded in early 2009: The U.S. government had to act swiftly and forcefully to avoid repeating Japan’s painful experience of sustained economic stagnation.[1]The Obama Administration’s policies have failed to this point, and Japanese-style long-term stagnation may well ensue unless a fundamental course correction and decisive steps are taken. The two most important steps are to halt the federal government’s regulatory onslaught and to put the federal budget on a credible path toward balance by cutting spending quickly and steadily.

Japan’s Fall

It is hard to exaggerate the shift in Japan’s fortunes over the past two decades. The Japanese economic miracle lasted over 40 years and saw the country climb out of true devastation from World War II to have the globe’s second-largest economy, as measured by gross domestic product (GDP). Many observers thought it was only a matter of time before Japan replaced the United States as the world’s leading economy.

How times have changed. The conventional wisdom now is that Japan suffered a “lost decade.” Actually, it has been almost two decades, and there is no end in sight to the stagnation. In 2010, the Japanese economy looks to have been smaller than it was in 1992, an incredibly poor result. It is not just a matter of a decline in output; it is also a remarkable decline in total wealth. In 1991, excluding micro-states like Luxembourg, Japan was the fourth-richest country in the world as measured by GDP per capita. In 2010, it was no longer in the top 20, was below the OECD average, and would have likely fell further but for Europe’s own economic troubles.[2]http://www.heritage.org/Research/Reports/2011/10/Avoiding-Americas-Lost-Decades

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Wednesday, July 20, 2011

Congressional Research Service: The Debt Limit: History and Recent Increases

Congressional Research Service: The Debt Limit: History and Recent Increases, by D. Andrew Austin, Analyst in Economic Policy and Minday R. Levitt, Analyst in Public Finance, January 28, 2010.  http://assets.opencrs.com/rpts/RL31967_20100128.pdf



July 20, 2011



As the August 2 deadline looms for the U.S. to raise the debt ceiling, many avid Washington-watchers are passing the popcorn as the drama continues to unfold. For those who study economic history, this fight is as old as the Republic itself.

As to whether or not a compromise will be made by the warring Republicans and Democrats – well, that remains to be seen, now doesn’t it. Mega-barrels of ink are being spilled over the issue; wade into it at your own peril but carry a large bottle of aspirin.

Taegan Goddard’s Political Wire calls to our attention some recent commentary by Warren Buffet, who was quoted by NBC News: “‘That’s a level of immaturity that I don’t believe even this Congress is up to’ – ‘predicting Congress will not allow the United States to default on its debt after this ‘little fight in our sandbox.’ ”

Many agree with Mr. Buffet’s comments, according to Kristen Weller: “We cannot go to Aug. 2 and tell the rest of the world, ‘Look because we’re having this little fight in our sandbox back here, that we’re going to essentially default on obligations of the United States for the first time in our history.’ ”

And just what is the history of the national debt?…

[…]

However, debate over the national debt dates to the beginning days of the United States and really marks one of the first instances of acrimonious deadlock in the history of our government.

The year was 1790 and the flashpoint of contention was Treasury Secretary Alexander Hamilton’s “Assumption Plan.”

On September 21, 1789, Congress asked Secretary Hamilton to prepare what has become known as the first “Report on Public Credit” in reference to the huge amount of debt individuals and particular states had run-up during the American Revolution. Just as with today, some of the debt was owed to American citizens; however, much of the money had been borrowed from foreign governments…. http://www.thetentacle.com/ShowArticle.cfm?mydocid=4527

[20100128 CRS RL31967_The Debt Limit History]

National debt, Congress, history, American Revolution, Alexander Hamilton, Assumption Plan,

http://kevindayhoff.blogspot.com/2011/07/congressional-research-service-debt.html

Congressional Research Service: The Debt Limit: History and Recent Increases

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Sunday, March 13, 2011

DAYHOFF: Facing issues of the day, here's an ode to a little pain reliever

DAYHOFF: Facing issues of the day, here's an ode to a little pain reliever


@explorecarroll it was 112 yrs ago last Sun that aspirin 1 of the most widely used drugs in world was patented http://tinyurl.com/4vqxu89

Explore Carroll: DAYHOFF: Facing issues of the day, here's an ode to a little pain reliever http://t.co/IerBQoT via @Digg

DAYHOFF: Facing issues of the day, here's an ode to a little pain reliever

EAGLE ARCHIVE By Kevin Dayhoff Posted 3/13/11

It seems to be cold, flu and sinus season, compounded these days by state and local governments wrangling with budgets, controversial legislation, tax revenue declines and concerns about unemployment and the economy.

With all that in mind, I'm reminded that it was 112 years ago last Sunday that aspirin, one of the most widely used drugs in the world, was patented.

Actually, origins of this medicine, found in most everyone's medicine cabinet -- including our current Board of County Commissioners, I'd wager -- dates back to the beginnings of written history.

In an age when wonder drugs are being formulated in laboratories throughout the world, chances are you may not be aware the active ingredients of aspirin -- acetylsalicylic acid -- were originally discovered as a plant extract from willow and poplar trees, and the shrub spirea.

Ancient Sumerians and Egyptians used the plant extract as a remedy for pain, fever and inflammation.
The first modern-day clinical trial for aspirin was reported by… http://www.explorecarroll.com/opinion/5244/facing-issues-day-heres-ode-little-pain-reliever/


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Monday, December 06, 2010

December 7, 1923: Woodbine National Bank - Important Case Decided By The Court Of Appeals

Important Case Decided By The Court Of Appeals

The Court of Appeals of Maryland decided on December 6, 1923, the case of James R. Weer against the Woodbine National Bank, at Woodbine, Carroll County, in favor of the Woodbine Bank, and sustaining the judgment of the Circuit Court for Carroll County against James R. Weer.

Mr. Weer had a safe deposit box in the vault of the Woodbine Bank, which he rented to keep his securities in and yeggmen one night some time ago entered the Bank, and cut a way through the vault doors with an acetylene torch, broke open the safe deposit boxes, and stole the bonds of Mr. Weer and other renters.

Mr. Weer sued the Bank, alleging negligence because the Bank did not have a burglar alarm system, a watchman, insurance of the contents of its safety boxes, and sufficiently thick doors to the vault.

The Circuit Court for Carroll County held that there was no negligence, under all the circumstances, on the part of the Bank and its officials, and by direction of the Court the jury found for the Bank; and this position of the Carroll County Court has been affirmed by the Court of Appeals. The case is important because it determines a number of other claims depending on this suit.

Democratic Advocate, December 7, 1923.

19231207 Important Case Decided By The Court Of Appeals

19231207 Important Case Decided By The Court Of Appeals http://kevindayhoff.blogspot.com/2010/12/december-7-1923-woodbine-national-bank.html


Labels: , , , , , 
History 1920s, History 1920s Carroll Co, Bus Banking Carroll Co, Business Banking, Bus Econ History, Judiciary Carroll County, 
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Wednesday, April 15, 2009

The Panic of 1825 by Brad DeLong This Week

The Panic of 1825 by Brad DeLong This Week

This Week Wednesday, April 15, 2009

The Panic of 1825

If you’re not satisfied with Paul Krugman or Nouriel Roubini as your guide to the current turmoil, you can always rely on E.M. Forster. It was Forster who grasped the essential drawback of the Internet long before anyone else, depicting, in his 1909 story "The Machine Stops" a world in which individuals communicate in isolation via machine. It turns out he’s pretty good on 21st-century financial crises, too, mostly because the underlying processes remain so similar to those of a financial crisis he studied. Only the scale has changed.

Forster’s great-aunt Marianne Thornton helped raise him after his father's death, leaving him 8,000 pounds upon her death, when Forster was 8. That legacy gave him the financial cushion to become a writer. So he wrote Marianne Thornton: A Domestic Biography 1797-1887, stringing her voluminous letters together with scene-setting prose. As it happens, the fortunes of the Thornton family turn on history’s first episode of successful central banking: the Bank of England's intervention in the 1825 financial crisis.


This is fascinating – read the entire piece here: The Panic of 1825 by Brad DeLong

20090415 The Panic of 1825 by Brad DeLong This Week

This Week Wednesday, April 15, 2009

http://www.theweek.com/article/index/95385/The_Panic_of_1825
http://www.theweek.com/home
Kevin Dayhoff www.kevindayhoff.net http://kevindayhoff.blogspot.com/

Monday, March 09, 2009

New York Times – Sept. 30, 1999: Fannie Mae Eases Credit To Aid Mortgage Lending


The New York Times – September 30, 1999: Fannie Mae Eases Credit To Aid Mortgage Lending
Hat Tip: Analog

Fannie Mae Eases Credit To Aid Mortgage Lending

By STEVEN A. HOLMES

Published: September 30, 1999

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

[…]

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.

''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''

[…]

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.

''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''


Read the entire article here: Fannie Mae Eases Credit To Aid Mortgage Lending

19990930 NYT Fannie Mae Eases Credit To Aid Mortgage Lending

http://tinyurl.com/6p5d9j

http://query.nytimes.com/gst/fullpage.html?res=9c0de7db153ef933a0575ac0a96f958260&sec=&spon=&pagewanted=2
Kevin Dayhoff www.kevindayhoff.net http://kevindayhoff.blogspot.com/