1. The office. Days I have to schlep over to the actual office to do things I’ve been successfully doing from my living room for a year are annoying. And not just for the usual reasons surrounding spending a day locked in cubicle hell. A not minor part of the annoyance package on those days is the fact that right out of the gate it means I’m losing 80-90 minutes of quality reading time just to get over there. It just adds insult to injury.
2. Emotional responses. It seems that Ted Cruz flew to Cancun while the power was out in Texas. Sure, the optics aren’t ideal, but if Ted stayed in Texas, do you really think he’d be sitting in the dark just waiting for the lights to come back on? Unless your senator moonlights as a power plant operator, electric lineman, oil well repairman, or LP gas tanker captain, there’s very little role for him beyond making phone calls and prodding the people who run the grid to get their act together, which could be done from Houston, Washington, Cancun, or the International Space Station. Honestly the last thing anyone needs in a disaster situation is one more politician wandering around getting in the way of emergency responders. Having worked a fair amount of my early career in emergency management, I can’t remember a single thing that was improved when the politicians showed up in the room for their photo op.
3. Prediction. Let me start by saying that I recognize that “the weather” is a ludicrously complicated system. Predicting how it’s going to behave at one particular spot on the globe at any given time involves huge assumptions and massive amounts of computing power. With that said, three weeks ago the experts were calling for 4-6 inches of snow. We ended up with two inches of slush. Last week the experts called for 4-8 inches of snow. We ended up with two inches of slush. Today, the experts called for another 4-8 inches of snow. Thus far, the results have been less than an inch of sleet, freezing rain, and snow. I’m not saying the daily weather forecast is absolute hokum, but maybe instead of trying to project exact details, we focus more on whether the storm will produce liquid or frozen precipitation and leave it at that since nailing the details seems awfully problematic.
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.
Look, so here’s the thing about Senator Warren and President Trump… I just don’t care. Arguing the finer points of an Ancestry.com DNA test makes you both look even more ridiculous than usual. That’s no small task given the two pols in question and yet the two of them have managed to yet again exceed exceptions… or is it that they found a way to nudge the bar just a little bit lower?
It doesn’t matter a lick to me if you’re 1/2 Sub-Saharan African, or 1/3 Anglo-Saxon, or 1/4 Pacific Islander, or 1/1024 Native American. Sure, I guess those are all fun factoids to trot out at parties but beyond that they’re mostly irrelevant. It’s the kind of differentiation that feeds into my general eye-rolling when someone defines themselves as Irish-American, or African-American, or Japanese-American. While interesting from the historian’s perspective, or for those who study mass migration, knowing where your 12x great grandparents came from is largely a “so what” kind of declaration. Congrats, your ancestors were Welsh shepherds. Here’s a cookie.
If you say you want to live in a country where people don’t judge or make assumptions based on your background, heritage, skin color, or ancestral place of origin, trying being “just” a plain old American. No hyphen needed. No percentage necessary. Just tell me you are an American and that’s all I need to know.