Back in April, Senators Jeff Merkley of Oregon and Maggie Hassan of New asked the GAO to launch a study on “risks that fossil fuel stocks currently present” to those invested in the federal government’s Thrift Savings Plan (TSP). The distinguished senators then go on to imply that the TSP should create funds that “incorporate climate change risk” as part of the 401-k style program’s offerings.
Part of the allure of the TSP is its remarkably small fee structure – it’s very cheap in comparison to many other funds. Fees are low, in part, because TSP is simple. It’s got five basic index funds and five “lifecycle funds” that automatically reallocate participant’s money based on target dates. It’s got an elegant simplicity that’s historically effective at creating wealth for its participants over their long careers.
Look, I accept that climate change is a real thing. I also don’t have any particular love of the energy sector – many leaders in the area are losing value. That’s my real issue with them, though. If we’re going to drop energy companies from a portfolio, do it because they’re not making us money – not because some holier-than-thou senator wants to score a few political points.
Congress never saw a big pot of money sitting around that it didn’t want to stick its whole hand into. With $500 billion in assets under management I can understand why the TSP is an awfully tempting target. That said, the very last thing I want to see is a good thing turned on its ear by driving TSP to respond to whatever political views happen to hold sway at any given moment. Treating retirement funds as just another political football is almost a guaranteed way to manage to take another slug of cash out of my pocket.
There are already fund options out there for just about any special interest that wants to play in the market – whether your “thing” is gender diversity, sustainable energy, human rights, or a laundry list of other causes. TSP should remain a broad-based set of fund options targeted at replicating the market overall and building wealth over time for the wide swath of federal employees. Catering to the few individuals who can’t seem to be satisfied with that just doesn’t make senses… unless of course you’re more interested in enforcing ideological purity than in making good financial decisions. Surely no member in the United States Senate could ever be accused of that.
So I get passed a lot in the morning on my way to the office. First, I’m usually driving a Jeep, which isn’t a vehicle anyone really associates with speed. Second, I’m driving to work. Why the hell would I be in any kind of rush? Ending up with a ticket on my way to work is the very definition of a situation that would just add insult to injury. A stead 60 in a 55 feels like laying on plenty enough speed for the occasion.
The reverse trip away from the office in the afternoon is something altogether different. That, you see, calls for every fraction of extra throttle that prevailing conditions allow. Interestingly enough, it’s during these afternoon drives when everyone else seems to be lackadaisically content with skittering around at or below the posted speed limit.
Maybe you can file this one as just another reason why I don’t really understand people or what motivates them. Given the option between racing to the office or racing home, I have no earthly idea why they’d choose the former over the latter. People are weird, man
There was a time in my career I would have done back flips about the possibility of working 12-hour shifts. The work week that consists of basically three days on four off, the possibility of a steady supply of overtime, night differential, and holiday pay. Now that I’ve over-topped my projected career halfway point, though, the idea is less appealing on just about every level.
I’ve never wanted or expected something for nothing. I don’t mind doing the work in exchange for the pay… but in any duration that stretches on for much more than eight hours, I lose interested and focus at an alarming, perhaps even exponential, rate.
I’m not shy about telling anyone that I’ve long since reached the point in life where, with a handful of possible exceptions, the only place I really want to be is home. I’ve spent a not insignificant amount of money just to have those four walls and a roof. There are dogs and a cat and a tortoise there. The furniture is comfortable. I control the temperature and in a pinch can even make my own electricity. I’ve spent a half a lifetime filling the space with objects of at least personal significance. If it wasn’t the place I most wanted to be, I’d be concerned that I was doing something completely wrong.
I suppose that’s all a long way of saying that I’m going to take a pass at “volunteering” my name for the short list of people who might be willing to sign up for 12-hour days at some indeterminate point in a possible future.
After sixteen years in harness, I’ve more or less lost track of the number of different first-line supervisors I’ve had. It would have to be somewhere north of 10 and even at that I feel like I could be miscounting on the low side just a bit.
The nature of the bureaucracy is that the cogs are more or less interchangeable to a certain degree. It’s perhaps even more true of management positions than those where people need to be technical experts. The fact is, though, that some bosses are just better than others. I’ve had bosses I dearly loved working for and other who I drove a third of the way across the country to get away from. The good ones are to be savored. The bad ones to be endured. The mediocre ones, well, you mostly hope they’re indifferent or are at least willing to stay the hell out of your way.
In a few weeks we’ll be getting the next new boss in my little corner of the bureaucracy – a mercifully known quantity who seems to have good pre-existing relationships with people in other corners of the cube farm who could be helpful in getting things done. It’s an infinite improvement over the grab bag possibilities of someone dropped into the role from somewhere “outside the family.”
I’ve worked for the current boss off and on for various lengths of time over the last four years – making him probably the boss I’ve worked longest for during my entire run as cog #2674323 in this Large Bureaucratic Organization. Settling in with a new hand on the tiller should, be, uhhhh… interesting times for all involved.
Immediately after this small transition we’ll endure the arrival of a new Olympian high atop the org chart, so whatever rumbles and ruffles occur during changes here near the bottom will surely pale to insignificance when compared to the mayhem and chaos that sort of transition can carry with it… so I’ve got that going for me, which is nice.
Mandatory fun is bad. I don’t mean it’s badly intentioned. I’m sure whatever powers that be inflict mandatory fun on the rest of us probably think they’re doing something positive, if not exactly something wonderful. It just seems to me that the forced joviality of people who work together pretending to be the best of friends feels awful in just about every possible way. Consider, if you will, when was the last time you had an unadulterated good time at the office Christmas party or the company picnic? For the record, I don’t consider going because you need to “make an appearance” or because it’s slightly better than spending those hours at your desk to qualify as fun in this instance.
Most people make at least some small effort to have a firewall between what they do for fun and what they do to make a living. Maybe there was a time long ago, before everyone was an easily offended, uptight stick in the mud, when these official organizational celebrations were good times. Today they mostly feel like a formality – just a small nod to that bygone era. Most people will go along with it, of course, because making waves is rarely the best tactic to endear yourself to whatever bosses you serve. Go along. Get along. It’s one of the oldest stories in the working world.
If you insist on mandatory fun, my recommendation is to keep it simple. Make sure there’s lots of food, back up a beer truck, and maybe hire a band. Let people self-select with what and who they choose to engage. That’s probably about as good a situation as you’re likely to manufacture. There are ways to screw that up, though. You could overlay the lukewarm pay as you go food with several mandatory training events and dispense with the beer truck, thus ensuring that even the illusion of a “fun day away from the office” is shattered completely.
It’s easy in cases like this to blame the planners… but I can reasonably assure you that they want to deliver a better product than the specified and implied guidance allows. Experience tells me that the real fault in these cases lies in the realm of leadership and the good idea fairies that dwell with them. I mean if someone really was all that interested in boosting my morale, all they’d have to do was give me a couple of hours off and point me towards the closest used book shop. I don’t expect there would be a line for that, but then again I don’t subscribe to the idea that a good time necessarily has to be a team activity.
It’s fair to assume that my outlook on most things runs somewhere between cynical and completely jaded. I like to think it comes from a lifetime of watching the world around me… or more spificially, the people who inhabit that world. I’ve rarely been disappointed when I ratchet my expectations for them way, way down.
Still, as much of a cynic as I am, I can’t help but understand the allure of finding yourself inside the orbit of the local chieftain or other center of power. Power, even petty power, or someone else’s power, can be intoxicating. I’d be lying if I told you I couldn’t see what might make people give up their personal life and join the cult of personality.
Look, I’m admitting I can see the draw. The attraction is understandable. I’m also 100% sure that there are no circumstances where I’d ever be that guy. Subsuming my own ideas and ways of doing things in the name of some great and powerful Oz-like figure just isn’t me. It isn’t me, but there are occasional moments where I feel the pull and realize how easy it might be to fall into that trap if conditions were otherwise.
One of the issues I have with Large Important Events is that they tend to take months to pull together properly. By the time they arrive, you’re running flat out just to keep from falling behind. They chew up months and it feels like you should be entitled to a big ending.
Independence Day ends with fireworks. A public execution ends with a hanging on the courthouse lawn. There’s a final moment of something that marks the definitive end point.
With us, though, it’s just a whole lot of build up with no pay off. There’s no money shot. The end just kind of dribbles out… and those who endured it limp home with whatever you call the event planning version blue balls.