Financial Panic

In 1988 I had a conversation with my father about the possibility of a credit collapse. I had just finished reading several books on financial instruments, and one thing I took from it was our financial system was a house of cards. Business runs on trust. If a panic occurs it can wreck havoc.

During the years of the Great Depression many people grew their own food. Many lived without indoor plumbing. Now many wouldn’t know how to react if they can’t get soy milk from the market and their toilet will not flush.

When I expressed my concerns about a complete collapse of civilization to my father he was reassuring. He was confident, not in the system, but in me. He reminded me I was resourceful and I had skills. He told me he hoped I would never see things get that bad, but if I did he was sure I would “figure something out”.

In the aftermath of Hurricane Ike people worked together to get by without electricity or water or gasoline. As this area starts to rebuild it has been made stronger by the relationships created among neighbors as they helped each other deal with the storms destruction.

As our credit and financial markets suffer this credit crunch, it is worth remembering as a people we are resourceful and we have skills. Whatever happens we will “figure something out”. And we will probably emerge from the other side made stronger by the relationships we form.

All Hail the Government License

ABC News seems to be headlining the recent crane tragedy in Houston by pointing out Texas to be one of 35 states not requiring crane operators to be licensed achat cialis quebec.

Here is the direct quote:

Texas is one of 35 states that does not require crane operators to be licensed. The Occupational Safety and Health Administration requires cranes to undergo annual inspections, but it is up to crane owners in the state to police themselves.

I note that New York is a state requiring crane operators to be licensed. It hasn’t stopped cranes from collapsing up there. I’m not sure what their point is, besides suggesting we need more regulation driving up the cost of construction here in Texas. Especially since the quote above is prefaced with the following remark:

The crane’s operator, Deep South Crane & Rigging, has an excellent safety record.

I am tired, disgusted and amused, all of that, by the knee jerk reaction to every tragedy calling for more government. More government? As Newt Gingrich points out in this video, our federal government can’t find 10 million illegal immigrants, most of which are not moving, when we can get on the Internet and track 10 million FedEX and UPS packages that are moving in real time every day. More governemt? Why?

More government will not fix crane mishaps. Increasing insurance rates may lead to more safety concerns regarding cranes, and we don’t need government for that.

Artist Reception

Tonight from 6 to 10 pm there will be an artist reception at Eastman-Smith Gallery where my wife, Meilnda Patrick, will be displaying some of her recent works. The gallery is located at 4920 Center Sreet in the Heights area of Houston. Free drinks, snacks, and live music.

An Evening Out

For a chance to see some of the recent work of my wife, Melinda Patrick, visit the Eastman-Smith Gallery this Thursday night, 10 May. A reception is being held from 6-10 pm where you can visit with Melinda as well as other Houston area artists. There will be complementary drinks, hor d’oerves, and live music. The gallery is located at 4920 Center Sreet in the Heights area. Several of her works will be on display included her latest: Green Carnations.


You have about a week left to make it down to the Museum of Fine Art, Houston to see the collection of French Masterpieces on loan from the NY Metropolitan Museum spanning from 1800 to 1920. The exhibition runs through Sunday, May 6. Tickets are $18 and are availible online. This might be described as a “once in a lifetime” event. I plan to be there next Saturday.