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https://preservewm.com
We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
** Your Money
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I almost posted an article last week entitled "Bank failures: Unsettling but not unusual" on the heels of the FDIC's seizure of First Republic Bank in San Francisco, but it had a little too much jargon for this format. However, the bank failure theme continues to be a topic of many newsletters and articles I receive. So, I wanted to pass on their consensus conclusion for those who want to go beneath the headlines.
In short, the broad banking system has negative net capital, similar to the Savings & Loan problems in the 1970s. This isn't good news for banks or borrowers. Still, it's not the 2008-09 Financial Crisis because there aren't any signs of widespread credit problems, and markets are not freezing up.
More bank problems are likely ahead of us, and we anticipate them to be dealt with by policies like these last ones: the Fed takes back government securities at par value, and the FDIC insures all deposits even above the FDIC limit.
Bank Problems Aren't Over, But It's Not 2008 (https://www.ftportfolios.com/Commentary/EconomicResearch/2023/5/8/bank-problems-arent-over,-but-its-not-2008)
by Brian S. Wesbury and Robert Stein
** Your Life
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Grain feeds our world for both humans and animals, provides fuel, and is even traded on stock exchanges. Grain is the harvested seed of grasses such as wheat, oats, rice, and corn, and people first began eating it about 75,000 years ago in Western Asia. Other important grains include sorghum, millet, rye, and barley.
Around the globe, grains, called cereals, are the most important staple food. Humans get 48 percent of their food energy (calories) from grains. It also feeds livestock and manufactures cooking oils, fuels, cosmetics, and alcohol. Almost half of the grains grown worldwide are harvested for people to eat directly. It is important as a good source of essential nutrients called carbohydrates. A third of the world’s grain supply is fed to animals. Most domestic animals, from cattle to dogs, are fed food rich in grains and grain products. The rest of the world’s grain supply is used to manufacture industrial products. Biodiesel is a fuel used for vehicles. One type of biodiesel is ethanol, which can be made from corn.
Whole grains provide fiber, vitamins, minerals, and other nutrients. Whole-grain foods help control cholesterol levels, weight, and blood pressure. These foods also help lower the risk of diabetes, heart disease, and other conditions.
Grain (https://education.nationalgeographic.org/resource/grain/)
source: National Geographic Education
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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Oranges are a citrus fruit cultivated as a hybrid of a pomelo (
Citrus maxima) and a mandarin (Citrus reticulata). It originated in a wide area that includes southern China, parts of Southeast Asia, and parts of India. Today, orange trees can be found in subtropical and tropical climates worldwide. Brazil, China, and India rank as the globe's largest producers. Florida and California are home to the most commercial orange groves in the United States. Here is a list of 11 notable varieties of oranges, how they taste, and how to use them. Also, stay healthy by getting in that Vitamin C!
11 Types of Oranges: How to Use Different Types of Oranges (https://www.masterclass.com/articles/types-of-oranges)
source: Masterclass
** Trivia
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A: The New York Times
Q: What is the real first name of Marilyn Monroe?
https://youtu.be/2Fcjc9TCEjw
** Back in 1961, this song reached #1
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