He’s not really cancelling anything because he’s transferring the debt from the borrowers it benefited to the taxpayers who will finance it with higher taxes or interest payments on the rising national debt.
Student loans are one of the largest types of debt in the U.S., the second largest consumer debt category after home mortgages. This debt stood at nearly $1.8 trillion in the first quarter of 2023, according to the Federal Reserve. Here’s a quick primer on how these loans work.
Ever since Brenda’s shoulder, then spine and replacement hip … sailing for us has been a bit of a “let’s wait and see how her osteoporosis treatment goes.” That said, having Encore out of the water and stored for 3 years hasn’t been one of my better decisions. It is time for me to get serious about letting her go or hoping for a super positive DEXA scan in September. ☹️
Two Grumman F6F Hellcats streaked across the sky above the Philippines. Below them, armadas of ships clashed in an epic battle to control the sea around the island of Luzon, where American and Australian ground forces engaged the Japanese in bitter combat.
It was October 24, 1944, and the Battle of Leyte Gulf—the largest naval engagement in modern history—had just begun. The Hellcat pilots, U.S. Navy Capt. David McCampbell and his wingman Ens. Roy Rushing, were looking for trouble up ahead and they found it—a squadron of 60 Japanese aircraft, including bombers escorted by Zeroes, the feared fighter of the Japanese Imperial Navy.
Despite being overwhelmingly outnumbered, the American pilots never hesitated. Throttling their Hellcats’ powerful 2,000-horsepower engines, they ascended for the attack. From on high, they waded into the enemy on repeated sorties, each blasting away with six .50-caliber machine guns.
“We’d make an attack, keep our altitude advantage and speed, and go down again,” McCampbell recalled in a 1987 interview for the U.S. Naval Institute’s oral history project. “We repeated this over and over till we made about 20 coordinated attacks.”
The American pilots shot down a total of 15 planes—an achievement still unequalled in combat aviation. Both earned “ace in a day” status by downing five or more aircraft each on one mission. That day, McCampbell scored nine “kills”—seven Zeroes, also known as the Mitsubishi A6M Reisin, and two “Oscars,” the Nakajima Ki-43. None of the Japanese bombers reached their targets. With their formation so scattered, the enemy pilots had to abort their mission.
In 2007, our founder Kenton Lee traveled to Nairobi, Kenya after graduating college. He lived and worked at a small orphanage with some incredible kids. One day, he was walking down a dusty road with all the kids when he noticed a little girl in a white dress walking next to him. As he looked down at her feet, he was shocked to see how small her shoes were. They were so small that she had to cut open the front of her shoes to let her toes stick out. That was the day that Kenton thought:
What if there was a shoe that could adjust and expand its size?
As an Apple eater, I’ve personally always wanted a simple way to know which and why I enjoy certain Apples. After seeing this chart, I thought it was worth sharing.
The book is “The Fund” which so far seems to be a less than polite account of famed Wall Street legend Ray Dalio and how he build and ran his business. The author, Rob Copeland, exposes the “intricate workings of the world’s largest hedge fund, Bridgewater Associates.” He interviewed people on the inside and reveals the hiring practices, internal conflict and the uncomfortable work environment experienced by many of those who were part of the company. I was particularly attracted to the word “gripping” when it was used to describe the book.
As a non-lawyer and someone who rarely finds a reason (or interest) in learning about our legal system, discussions arise and certain terms batted around that require more understanding. Last week it was the term“Amicus Brief” so figured it was worth adding to MyDesultoryBlog.com as a “tidbit“… not that anybody reading really wants to know! 🙃
What Is an Amicus Brief?
An amicus brief is a legal document filed in appellate courts intended to assist the court by offering additional relevant information or arguments the court may want to consider before making its ruling. Amicus briefs are filed by amicus curiae—Latin for “friend of the court”—a third party who has a special interest or expertise in a case and wants to influence the court’s decisions in a particular way.
Today’s Music Monday here’s a SiriusXM Yacht Rock pick from the late 60’s rock band Blues Image and their hit “Ride Captain Ride” from 1970. The lyrics pretty much echo’s the band break up after setting sail and relaying that they are “never seen or heard from again. The Captain rides with his crew on a mystery ship, which disappears forever.”
Ok … so perhaps that’s a bit of a stretch … but I enjoyed connecting the dots! 😉
