Am I or Am I Not a Pundit?
Joe Flacco, Raven Quarterback and Superbowl MVP
Take a look at last week's posting on this blog where I commented on how often "pundits" are wrong. Before Sunday's Superbowl, five "experts" voiced their opinion as to the game's outcome. Four said San Francisco would win, with only former Steeler coach Bill Cowher picking the Baltimore Ravens. He agreed with my prediction of a 24-20 Raven victory as stated on this blog. Baltimore won by three points, 34-31. So I was one point off. Ha.
Another Look at European Austerity
So money just sits in banks, which are not eager to lend in an uncertain environment, and the economy stagnates. In such a situation, tax revenues decrease and government has difficulty in paying its bills and honoring its debts. This is the situation in which some European countries find themselves and which can be in the future for the United States.
This is the approach which the European Central Bank would like to see before it bails out countries like Greece which cannot do it on their own. Austerity is not fun. While such a “lean” economy may ultimately lead to a solution of the problem, being “lean” may deteriorate into being emaciated and ultimately into starvation during the process. The illness may be cured, but the patient may have died along the way.
The other day, I heard an expert on Italian food comment (on NPR) that Michaelangelo, who lived to the ripe old age of 89, had a very limited diet. He loved pears and supplemented them with bread from the local bakery, wine made from his personal vineyard's grapes and devoured a particular kind of cheese which was available only during the month of March in his area. This information should debunk the idea that Michaelangelo sent out for pepperoni pizza while he was up there working on the Sistine Chapel ceiling.