June 1, 2026
Good morning! And, just like that, it’s summer! A HOT summer… with no coolness or rain in sight… will this be our forever plight? The grass is already brown…
- If you could eat only one, which one? Potato Salat, Pasta Salat, Hogs, Wata Melon, Homemade Beans, Griddled Chikin, Brauts & Krauts, Ribs, _____________
- Each weed you pull today is two you won’t have to pull tomorrow.
- I’m almost giddy with joy having been back out working in the garden for a few hours each day, nothing overly onerous, but I’m feeling useful while taking a few risks with my spine.
- Looking for something to do this coming D-Day?
- The Tom Hanks documentary on World War II is first-rate. (A+)
- It’s so good it makes you wonder why something this comprehensive took 80 years to produce?
- I mean, it is REALLY excellent.
- Tune in.
- Movie: What Happens Later, Meg Ryan — and do you need any other reasons? (Three years old already, but we only just learned about it.)
- If you love Northwest Arkansas — and who doesn’t?! — you will enjoy the setting for this flick. (Remember when they were called that?)
- It was exactly 30 years ago when I first heard the phrase, intergenerational transfer of wealth.
- I was at a conference in downtown New Jersey and, in addition to learning about Portuguese Bouillabaisse, I learned this phrase.
- Intergenerational Transfer of Wealth
- Wherever it was and whatever it was, I was pretty sure none of it was meant for me, but…
- … thirty years on, we are STILL hearing about this (now, supposedly) $110 trillion pot of money just sitting there waiting to be given to offsprings and taxes.
- It’s an interesting vocabulary phrase: Intergenerational transfer of wealth.
- IF it happens, I suspect it will be somewhere in The Hamptons.
- “When the world feels this uncertain, optimism can look like denial. But that depends upon how broadly you frame the past and the future.” (Atsom)
- Most leaders focus on managing change; the ones getting results focus on the people living through it. (Anderson, Etc., et al.)
- Amidst deepening geopolitical fragmentation, the United States imports ~$3 trillion in manufactured goods annually.
- About 25% of these goods are critically important to national security…
- About 5% of manufacturing imports — overwhelmingly computers and electronic products — put the U.S. highly at-risk if supplies are no longer available.
- What would it take for the U.S. to ramp-up on-shore manufacturing to ameliorate the risks?
- Manufacturing would need to double on average to fully meet domestic demand.
- For some pharmaceutical ingredients, the ramp-up would be about five times…
- And, for artificial intelligence servers (we don’t seem to be hurting!) the ramp-up would be ten times current production.
- Operating today’s U.S. factories at peak capacity would generate ~$660 billion more in output, but would hardly touch the biggest exposures.
- Addressing key vulnerabilities would require a transformed industrial base.
- Building capacity to produce exposed products and their upstream inputs could cost ~$2 trillion.
- Capital might be the easy part…
- … specialized skills, infrastructure, energy, and shovel-ready projects would present greater challenges.
- Nothing will happen without a plan.
- Maintaining competitiveness in the global economy and security in a volatile world may require some domestic ramp-up. (bid.)
