Bring Back the Savings Account
When I was a kid, my father preached the magic of saving and compound interest. “Saving is earning”, he used to say. I saved part of my allowance, along with money that I earned, and opened a savings account at…
Goodbye, Fat City
This cartoon used to hang in my office when I was in banking, and it's hanging in my office now at TABASFUNDING. I don’t think the banks are the ones at risk this time, but other businesses are. Humor couldn't…
Israel- Land of Conflicts; Egypt- Land of Antiquities
We’d been to Israel half a dozen times when Shir Shalom Synagogue of Woodstock, Vermont organized a trip. I hoped that we could get some behind-the-scenes insight. Egypt was on our bucket list, so we extended the trip to travel…
Information Grab
Our cell phone bill seemed expensive. I wondered if there was a more reasonable plan that would suit our needs, so I called ATT, our service provider. The person was friendly, and asked for my password. I gave what I…
Response to an op-ed in the Philadelphia Inquirer
Below is a response to an op-ed in the Philadelphia Inquirer. I think it may be of general interest. Please share your thoughts about it with me. Lee @TABASFUNDING. An op-ed piece in the Thursday, August 8, 2019 Inquirer by…
NYT Article – Real Estate’s Latest Bid: Zillow Wants to Buy Your House
In recent years, there has been much focus on house flipping. The latest is that Zillow is going to buy houses that they think are underpriced and resell them. https://www.nytimes.com/2019/05/07/business/economy/ibuying-real-estate.html I could see big entities coming in a recession and scooping…
2019 Berkshire Hathaway Annual Meeting
I attended, along with 40,000 others, the Berkshire Hathaway Annual Meeting, and encourage anyone interested in business and the economy to buy some shares and do the same. This is a photo of the shareholder “credentials” required for admission. At…
The Importance of Sound Banking Procedures and Reviews by Multiple Sets of Eyes
A recent case in the Eastern District of Pennsylvania (O’Neill, Bragg & Staffin PC v Bank of America Corp) showed that customers and bankers need to have sound procedures in place, or suffer the consequences. The internet is full of…
Tale of Three Cities – Himalayan Travelogue
The Himalayas have been on our bucket list for some time. When we saw photos of the soaring mountain range in the brochure, we were hooked. We voyaged to Nepal (home of 8 of the world’s 10 highest mountains) and…