Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts

Monday, August 1, 2011

Let's Make a Deal

1 - Well, that wasn't so hard. (Do you note just a touch of sarcasm here?) Late last night, leaders of both parties in Congress finally reached a compromise agreement to raise the federal debt ceiling and cut spending over the next ten years. However, the proverbial fat lady has yet to sing: the legislation still must pass both houses by midnight tomorrow night in order to meet the deadline, and it promises to be a heavy lift in the House of Representatives. So, we continue to wait....

3 - Please make your plans now to attend our August 9 event (that's next Tuesday) entitled "New Realities: Real Estate." Interest is very high in this timely topic. We have three distinguished panelists, each of whom can be considered a real estate expert. One one (Cathy Toomey, president of the Polk County Board of Realtors) is focused on Polk County, one (Madelon Wallace, partner with Walker Wallace and Emerson) the greater foothills region, and the third (Scott Hamilton, CEO of Advantage West) all of Western North Carolina. If you have any interest in discussing the new facts of life as they apply to real estate, I urge you to attend. Libbie will be contacting clients soon to take reservations.

3- Today is the one-year anniversary of Millard & Company as a separate corporate entity. My sincere thanks to Juliet, Libbie, Tabatha, Sharon, Bonnie, and Mike -- as well as many, many others. I am especially grateful to our wonderful clients, who have made this anniversary possible. Success is not achieved in a vacuum, nor is there any such thing as a "self-made man." It is with a sense of joy and thankfulness that I come in to our beautiful office every day, and we look forward to many more anniversaries to come.

Have a cool week!

~Andy

Wednesday, July 27, 2011

A Quiet Day on Wall Street

1 - We just thought last week was crunch time on the debt ceiling issue. Now it really, really is. If you're like me, you've been following this story hour by hour: time and again, the politicians appear to be in the verge of an agreement, and every time, someone gets mad, takes their toys, and goes home. I wonder if everyone in Washington really grasps the magnitude of the issue they are dealing with. At this point, there's little we can do but watch -- and will a deal to get done.

2 - The list of speakers is set for our August 9 event entitled "New Realities: Real Estate." We have three distinguished panelists, each of whom can be considered a real estate expert. One one (Cathy Toomey, president of the Polk County Board of Realtors) is focused on Polk County, one (Madelon Wallace, partner with Walker Wallace and Emerson) the greater foothills region, and the third (Scott Hamilton, CEO of Advantage West) all of Western North Carolina. If you have any interest in discussing the new facts of life as they apply to real estate, I urge you to attend. Libbie will be contacting clients soon to take reservations.

3 - Sharon and I just visited our son Drew in New York City over the weekend, and I took a side trip to Wall Street. Everything was closed, of course, but my purpose was just to take a few photos to show you what can be found in the few blocks surrounding the New York Stock Exchange. I include just three below: (1) the giant brass bull -- a perennially popular photo stop for foreign tourists; (2) Federal Hall, just across the street from the exchange, where George Washington took the oath of office as the first President of the United States in 1789, and (3) one of the ubiquitous vendors that can be found all over Manhattan. How appropriate that, in the shadow of the very symbol of capitalism, you can find entrepreneurs still practicing the simplest form of free enterprise.

Have a great week!

-Andy


Tuesday, July 19, 2011

Unpleasant but Important

1 - This debt ceiling business NEEDS to be resolved -- and soon. While observers have watched with sanguine hopes of an agreement, time continues to slip by. This week's article (following the week's economic news) discusses the ramifications of the situation and what might happen if no agreement is reached by August 2.

2 - Social Security is like the weather: everybody complains about it, but nobody does anything to fix it. Scroll down to read a bonus article that explores the various painful options for dealing with this vital but thorny issue.

3 - Here's a lesson for anyone without a clear-cut estate plan: Even as 94-year-old Zsa Zsa Gabor lies on her deathbed, her ninth (and presumably last) husband is gearing up for a legal battle against heirs from previous marriages. While most of us have had a far more limited array of spouses, it still behooves us to have our wills, trusts, etc. in order.

Have a great week!

-Andy