Ronald McKinnon has some intelligent things to say over at the FT blog about the falling value of the dollar. It’s interesting, if not a taxing read, so here are a few gems: Regarding the manufacturing sector, he says: “In order to transfer resources in real terms from the rest of the world, the U.S. runs very large trade deficits in manufactures… This ‘real’ transfer of manufactures to cover the shortfall in American savings...
The FDA has decided that it is safe to eat cloned animals, and with all the starvation and suffering in the world today, you’d think that everyone would rejoice at this news. But everyone isn’t: “Meat and milk from cloned animals have no benefit for consumers, and consumers don’t want them in their foods,” Foreman said Meat and milk from naturally conceived animals has no...
A few months back I mentioned the sad situation surrounding the Rackham Golf Course, and I said I’d try to stay up-to-date on the matter. The course lies entirely within the city limits of Huntington Woods, but the fee simple owner of the acreage is the City of Detroit. That said, the Course’s value in terms of cash-flow is only about $3 or $4M, much less* than Premium Golf, LLC’s generousoffer of $11.25M. What’s...
