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President’s Corner – Necessary Change

Jake Blues (played by John Belushi in the 1980 classic movie “The Blues Brothers”) was covered in mud after a burst of gunfire from his former fiancée (played by the late Carrie Fisher) while he was trying to explain to her why he left her at the altar....

President’s Corner – New Tax Plan and Non-Profits

The year 2017 had no shortage of drama and debate in business, politics, or pop culture. My favorite moment last year happened at the very end of the year and was predictably sports-related. In the last game of the NFL regular season, Andy Dalton, the oft-maligned...

President’s Corner – FOMC, Inflation, and the GDP

My younger nephews, ages 11 and 10, are prime consumers. It did not used to be that way. In the olden days of the late 1960s when I was that age, the actual consumer parents analyzed the cost of kids’ toys and clothes and purchased items based on that analysis,...

President’s Corner – Nobel Prize in Economics

Every year at this time, the Nobel Prize winners are announced. These prestigious honors, which are worth about $1 million to the winners, are awarded in Physics, Chemistry, Medicine, Literature, Economic Sciences, and Peace. Alfred Nobel established a foundation upon...

President’s Corner – Bitcoin

I jumped on Jamie Dimon pretty aggressively earlier this year when he proclaimed in JPMorgan Chase’s recent annual report that a failure of any of the “too big to fail” banks would not harm the U.S. economy. The top ten U.S. banks hold almost $12...

President’s Corner – Personal Finances

Married members came into our office recently to consolidate their debts into a second mortgage loan. They wanted to amortize the loan over fifteen years, but we felt a second mortgage loan based on old debts should not have a term more than five years. We explained...