The U.S. military calls it the “tooth-to-tail” ratio: The number of rear-echelon troops (or tail) it takes to support a combat soldier (or tooth). In World War II, only 19 percent of soldiers (or Marines or sailors or airmen) ever saw the front...
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Mind on Money: Assuming interest rates will be reduced this year doesn’t mean they will
It’s been 44 years since my alma mater, Purdue University, made it to the Final Four of the NCAA Men’s Basketball Tournament. So long, that I, of course, have no recollection. I do have recollection of many years of heart ache during March...
Mind on Money: As fraud attempts become more sophisticated, it’s time for extreme vigilance
I had another topic in mind for today, but the start of this week has been so disturbing that I had to change gears. Last week was spring break in our family and we took a long-planned trip to the Caribbean (out of the country) with a couple other...
Mind on Money: End of bank ‘band-aid’ could open old wounds
At the start of 2024 I had concerns about a couple of upcoming issues expected to unfold throughout the year. To name a few, items such as movement in interest rates, the unfolding of the pre-election cycle and the election itself were all occupying...
The Magic City
The vision of Gary, Indiana was conceptualized and manifested at the turn of the 20th Century by influential business moguls J.P. Morgan, Charles Schwab, Andrew Carnegie, and Elbert Gary in a boardroom in New York City. Their objective? Building a...
Fighting for the future: Munster Environmental Club meets with State Legislators
On their early morning bus ride to the Indianapolis Statehouse on Feb. 13, Lily Hestjean, Munster senior and environmental club (EC) leader, and Calvin McNulty, junior and EC leader, discuss and write down questions for their scheduled meeting with...
Do you want to be the man, the myth, or the legend?
Observations on Why You Should Emulate the Principle, Not the Person Aristotle had Plato, Nikolai Tesla had Thomas Edison, and even Steve Young had Joe Montana. In today’s world, this generation of players want to be the next LeBron James or...
Mind on Money: Health Savings Accounts offer variety of advantages
In the world of tax preferred savings plans the Health Savings Account is the crème de le crème. These accounts, commonly referred to by the acronym HSA, are the only accounts under IRS rules that allow tax deductible contributions, tax deferred...
Mind on Money: Health Savings Accounts offer variety of advantages
In the world of tax preferred savings plans the Health Savings Account is the crème de le crème. These accounts, commonly referred to by the acronym HSA, are the only accounts under IRS rules that allow tax deductible contributions, tax deferred...
Mind on Money: When kids’ ‘launch time’ arrives
Between the new parents (my oldest daughter), the newlyweds (my second daughter), the college kid (my son Sam), his girlfriend and roommates, the Spanish exchange daughter thrown in just for the enjoyment of it, and the young adult kids of the...
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