Switching gears

March 24, 2020

Maybe The El Paso Times would be well served to follow the lead of the The New-England Courant which in 1721 was a publication that published literary pieces and humorous essays as well as local news.

The Courant was popular because it published content that interested the public.

Unfortunately much of what we read in the Times today was already published by various electronic methods.

They could cover also cover local issues more thoroughly rather than just passing on what the local government agencies want us to see.

Many of the functions of our local governments are shut down right now.

At least we don’t have to worry as much about whatever corrosive action they are taking.

I think I’ll take my own advice and publish some works that you might find interesting.

We deserve better

Brutus

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A lesson in life

March 24, 2020

I wonder if our sudden difficulties will help younger generations understand that what we have can be taken from us without warning and that they should not expect life to always be easy.

We deserve better

Brutus

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A message from Max Grossman

March 23, 2020

This came in from Max Grossman:

Dear Friends,
As long as the media refuses to report this, I will keep repeating this information every few weeks.
On December 10, Moody’s Investment Service announced that in the event of a recession of similar severity to the 2008-09 downtown, El Paso will be one of four cities (including Detroit) in which “adjusted net pension liabilities will rise by more than 100% of revenue.”
Data-Z, a subsidiary of Truth in Accounting, whose mission is “to educate and empower citizens with understandable, reliable, and transparent government financial information,” claims that “El Paso is a Sinkhole City without enough assets to cover its debt.”
Just look at the Dow Jones Industrial Average today. At one point it sank to 20,387, down from the February 16 high of 29,569, a difference of 31%! The talk among the pundits is no longer about whether we are heading into a recession because of the world health crisis, but about how severe it will be.
QUESTION: What will our City do to avert the financial calamity which Moody’s, one of the top financial reporting firms in the world, has explicitly warned El Paso about?
I have stated it many times and will state it again. The City Manager, Mayor, and City Council Representatives have placed us on a financial path that could lead to disaster. Even as our homestead tax burden is second only to Detroit, and even as world markets are plunged into chaos, they still insist that our government should be in the entertainment business, providing us with stadiums and waterparks!
Max
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We deserve better
Brutus

14 Comments | City government | Permalink
Posted by Brutus

Open line, this time Sunday

March 22, 2020

What’s on your mind today?

We deserve better

Brutus

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Saturday

March 21, 2020

Let’s postpone open line this week to Sunday.

There are a lot of employees and businesses hurting right now.

I ask that you consider going to a local restaurant and ordering curbside–they certainly need the business.

Please feel free to send us names of restaurants that you intend to support.

We deserve better

Brutus

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Posted by Brutus

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