







Taxes can do all sorts of things. Wow.The [Washington] City Paper reports that the National Transportation Safety Board repeatedly recommended that Metro (more formally known as the Washington Metropolitan Area Transit Authority, or WMATA) retrofit or replace these older cars, but Metro refused. Why? Because “WMATA is constrained by tax advantage leases, which require that WMATA keep the 1000 Series cars in service at least until the end of 2014.”
What are these “tax advantage leases”? They appear to be standard sale-leaseback transactions, in which WMATA sold equipment, including train cars, to another party and now leases it back. The other party gets various tax advantages (depreciation, credits and so forth) associated with owning the equipment, and WMATA, which as a tax-exempt organization cannot use these advantages, gets cash. But apparently the leases did not include language that permits WMATA to break the leases if newer, safer equipment comes along.
Thus sale-leasebacks, which are purely tax-motivated transactions, may have locked Metro into using outdated and unsafe equipment and thus made this crash even more deadly than it might otherwise have been.
We recently got a few pieces of furniture from some friends who were moving and I was telling my brother in-law how it was proving difficult to find a place for everything in our row house. He sent me a link to this video. I hadn't heard this song before, but I loved the words and I guess it made me stop and think twice before resorting to the complaining I wanted to do. Here's to a few more years in our little house!
A little white house, in the heart of town, On a little sad street, just a little run down, Became a home, for Bill and Sue, Two newlyweds, who did the best that they could do. And when they brush each other, passin' in the hall, Sue would smile and say: "This place is pretty small. But you know, love grows best in little houses, With fewer walls to separate, Where you eat and sleep so close together. You can't help but communicate, Oh, and if we had more room between us, think of all we'd miss. Love grows best, in houses just like this. Before too long, Sue and Bill, Were makin' plans, for Jack and Jill. Oh, happy day, when the news came in But what to do, when they found out Sue was having twins. When they could not pass each other in the hall, Well, Sue would smile and say: "This place is really, really small. But you know, love grows best in little houses, With fewer walls to separate, Where you eat and sleep so close together. You can't help but communicate, Oh, and if we had more room between us, think of all we'd miss. Love grows best, in houses just like this. That little white frame house still keeps them warm, Though it's been thirty-two years, since the kids were born, And when they look back now, they hold each other tight, And whisper in each other's ears: "You know you were right. Because love grows best in little houses, With fewer walls to separate, Where you eat and sleep so close together. You can't help but communicate, Oh, and if we had more room between us, think of all we'd miss. Love grows best, in houses just like this. Yeah, love grows best, in houses just like this.
2. Here is great speech that Ronald Regan gave about D-day.
The other day as I was ricocheting slowly
off the pale blue walls of this room,
bouncing from typewriter to piano,
from bookshelf to an envelope lying on the floor,
I found myself in the L section of the dictionary
where my eyes fell upon the word lanyard.
No cookie nibbled by a French novelist
could send one more suddenly into the past --
a past where I sat at a workbench at a camp
by a deep Adirondack lake
learning how to braid thin plastic strips
into a lanyard, a gift for my mother.
I had never seen anyone use a lanyard
or wear one, if that’s what you did with them,
but that did not keep me from crossing
strand over strand again and again
until I had made a boxy
red and white lanyard for my mother.
She gave me life and milk from her breasts,
and I gave her a lanyard.
She nursed me in many a sickroom,
lifted teaspoons of medicine to my lips,
set cold face-cloths on my forehead,
and then led me out into the airy light
and taught me to walk and swim,
and I, in turn, presented her with a lanyard.
Here are thousands of meals, she said,
and here is clothing and a good education.
And here is your lanyard, I replied,
which I made with a little help from a counselor.
Here is a breathing body and a beating heart,
strong legs, bones and teeth,
and two clear eyes to read the world, she whispered,
and here, I said, is the lanyard I made at camp.
And here, I wish to say to her now,
is a smaller gift--not the archaic truth
that you can never repay your mother,
but the rueful admission that when she took
the two-tone lanyard from my hands,
I was as sure as a boy could be
that this useless, worthless thing I wove
out of boredom would be enough to make us even.
This is not uncommon. My children are, for the time being, rather unappreciative and ungrateful as far as their mother goes. However, there will come a time when they will realize, as I have realized, how amazingly blessed and amazingly lucky they are. They have the best mother money could buy* (or that could be traded for, stolen, gifted or bartered for). They have an amazingly smart, talented, and good woman as a mother who loves them unconditionally and will help them grow up to be amazing people. She sets an amazing example for them, takes amazing care of them, and otherwise is an amazing mother. She has actually been recently granted a fairly prestigious award as a result of all this. So, that is that. Here's to these two little kids, who as of yet, have no idea how lucky they are.
*So, I have been thinking about this, and if you are lucky, one day you might get some economics/financy thoughts on the outsourcing of motherhood and the conditions under which such outsourcing is not only rational, but good. As a result of having a mother better anything that money could buy, such conditions do not hold my children's case. Some things cant be bought for money.