Geopolitics and War

March 5, 2022 Russia’s invasion of Ukraine has done more to unite Europe and reinvigorate NATO than I could have imagined. Between getting the Swiss to abandon their financial neutrality in support of financial sanctions, Germany rapidly scaling its military spending, and now even rumblings about Finland joining the fold, NATO seems to have a …

End of the Oil Age

02/07/2021 Our economic shift away from fossil fuels to cleaner energy sources has been underway for some time. For me, one key tipping point was when Jim Cramer, the host of CNBC’s Mad Money, a stock market infotainment program, referred to the oil industry as uninvestable. He’s since backtracked a bit, making an exception for …

Money: Investors versus Pension Funds

04/01/2013 Big news in the world of municipal finance today. A federal bankruptcy court gave the thumbs-up to the City of Stockton, California, to file bankruptcy. Not many local governments have availed themselves of that option, so this is an interesting case to watch. The big fight is between the city’s bond holders and employee …