Charlie Wells:

In a forthcoming study in the Journal of Marketing Research, Ms. Sussman found that even though people were theoretically earning 1% interest from their savings, they were willing to borrow money at much higher rates to keep their savings at a certain level.
 
 “I’m not at all saying people shouldn’t save,” says Ms. Sussman. “But even people with an appropriate liquidity cushion want to keep more money in their savings accounts because it makes them feel responsible, even though it might lead them to do these behaviors that are potentially economically costly.”

Albert Wenger:

There have been two fundamental scarcities in human history and we are now moving on to the third. Each time the scarcity shifted, due to a new technology, we had a massive dislocation. So yes, this time is the same, scarcity is shifting again and with it we are experiencing another such massive dislocation.
 
 The first scarcity to emerge was land. We started out as hunter gatherers and eventually developed planting and harvesting and domesticated animals. Agriculture is the first massive technological change. We were horrendously bad at agriculture at first — no surprise it was a brand new technology. If you haven’t done so already, I highly recommend reading Sapiens by Yuval Harari. He has a terrific set of chapters on the agricultural revolution that makes clear just how bad we were and how much worse people in early agrarian societies were off compared to their hunter gatherer ancestors.

Joseph Loconte:

Luther also benefited from the era’s discontent: The entanglement of church and state had compromised the spiritual aims of the Catholic Church. Pope Leo X, a kingpin of the powerful Medici family—described by historian Roland Bainton as “elegant and indolent as a Persian cat”—embodied the problem. Luther attacked his policy of indulgences, cash payments in exchange for forgiveness for souls suffering in purgatory.

Leo offered indulgences to finance a new St. Peter’s Church in Rome. The proclamation by church officials—“as soon as the coin in the coffer rings, the soul from purgatory springs”—set Luther ablaze. “Why does not the pope,” he demanded, “whose wealth today is greater than the wealth of the richest Crassus, build the basilica of St. Peter with his own money rather than with the money of poor believers?”

Luther’s challenge might easily have collapsed, however, had he not lived when European territories were acquiring national identities: Germany, France, Spain, Portugal and England. Because the church was the largest landowner in Europe, rulers could seldom avoid a papal dispute over revenue. Luther escaped the hangman’s noose in part because he won the backing of a German prince fed up with Rome. But most important, Luther succeeded because he tapped into the root of revolutionary change: the human desire to know God.

Medieval Catholicism had reduced a vibrant faith to rituals and obligations, mediated by church authorities and performed under the threat of corporal punishment. Luther’s breakthrough was a spiritual achievement: a return to a gospel of grace that brought the believer into a relationship with Jesus. “What man is there whose heart, upon hearing these things, will not rejoice to its depth, and when receiving such comfort will not grow tender so that he will love Christ as he never could by means of any laws or works?” he wrote.

Here is Luther’s contribution to the modern world: a doctrine of freedom of conscience, rooted in a religious view of human nature and the nature of belief. “For faith is a free work, to which no one can be forced. Nay, it is a divine work, done in the Spirit, certainly not a matter which outward authority should compel or create.”

Bob McGinn:

The majority of fans think the Packers can do no wrong, or at the very least deserve the benefit of every doubt. The team’s decision-makers are well aware of this, and thus are able to make whatever moves they want confident they will be supported in the court of public opinion and by the largely benign media corps in Wisconsin.

….

On Monday morning, McCarthy didn’t answer directly when asked when he learned of the criminal charges from domestic violence incidents faced by Guion.

McCarthy used the word “garbage” to describe his reaction to the impeccably reported, balanced account.

On Monday afternoon, the Journal Sentinel’s Michael Cohen, one of the two writers on the Guion story, was on the sidelines covering practice. Rob Davis, the team’s director of player engagement since 2008, continually gestured and stared in Cohen’s direction.

When Cohen was looking down at his roster taking player attendance, Davis came over and placed his head about a foot from Cohen’s head. Startled, Cohen introduced himself to Davis and extended his hand.

“No, we haven’t met,” said Davis, refusing to shake Cohen’s hand. “And I don’t want to know you.”

Later, Davis told me he confused Cohen with another reporter. That’s a reporter he has known for about 20 years and outweighs Cohen by at least 50 pounds.

“I got nothing to say about that,” said Davis. “I wasn’t messing with him … why would I be angry? I’ve got nothing to be angry about.”

Davis, a one-time bouncer for Dennis Rodman, is part of the team’s inner circle and a first contact for players, wives and girlfriends on all types of issues. One interpretation is Davis bullied Cohen, and in a league with many anti-bullying initiatives his actions were regrettable, to say the least.

It’s possible the Packers’ three top decision-makers won’t comment specifically because they’re embarrassed about their vetting practices.

Not a few years ago, a Madison area reporter covering the University of Wisconsin Badgers football team was banished to covering the Milwaukee Brewers after asking what I considered rather mild questions.

It is important to remember that we support this directly and indirectly via tickets, cable tv, advertising and stadium taxes.

Fiscal indulgences play a role as well.

RIP, Grantland.

Of course, this pales in comparison to Madison’s long term disastrous reading results, another matter that lacks attention.

Madison citizens paying (and reading) their water bills likely noticed not insignificant price increases, along with the change from semi-annual billing to monthly invoices….

I thought it time to see how much our rates have increased and compare that information to per capita income and property tax growth.

I emailed water@cityofmadison.com:

Hi:

I hope that you are well.

I am writing to request historical information on Madison water/sewer bills (annual median and average residential costs), operating budgets and the debt supported by those payments from 1995 to 2015.

Thanks much and best wishes,

Jim

Michael Dailey and others kindly provided data, displayed in the chart below.

Per capita income data via the Bureau of Economic Analysis.

Historic inflation rates.

City of Madison budget information.

Extra Credit 1.

While compiling data, I wondered how water rates might vary across the “sprout belt”, that is, Ann Arbor to Madison to Boulder. Ann Arbor’s water rates were not easily found…

Boulder’s 2015 “utility rate increase PDF” features a “Bezos chart”.

Extra Credit 2:

Mr. Dailey also provided borrowing information:

There have not been very many so it is easiest to just list them out…

2003 $3,505,710

2006 $8,725,000

2008 $11,195,000

2010 $13,135,000

2012 $9,500,000

2014 $9,645,000

This is borrowing for the Sewer Utility for the given year. We typically borrow every other year now. Payback is typically 15 year.

Jenn Abelson, Jonathan Saltzman, Liz Kowalczyk and editor Scott Allen.:

Wood, chief of MGH’s orthopedic spine service at the time and a nationally renowned practitioner in his specialty, is a confident, veteran surgeon. He would need all of his talent and confidence this day, and then some, as he planned to tackle two complicated spinal surgeries over the next many hours — two patients, two operating rooms, moving back and forth from one to the other, focusing on the challenging tasks that demanded his special skills, leaving the other work to a general surgeon, who assisted briefly, and two surgeons in training.
 
 In medicine it is called concurrent surgery, and the practice is hardly unique to Wood or MGH. It is allowed in some form at many prestigious hospitals, limited or banned at many others. Hospitals that permit double-booking consider it an efficient way to deploy the talents of their most in-demand specialists while reducing wasted operating room time.
 
 For patients, however, it can come as an unsettling surprise — especially when things go wrong.
 
 Waiting for Wood in operating room 72 that day in 2012 was Tony Meng, a 41-year-old father of two from Westwood who had been diagnosed that summer with a serious degenerative condition that constricted his spinal cord, causing pain, tingling, and numbness. To relieve the symptoms, the surgeon would have to slice through the front of Meng’s neck, navigate around arteries that supply blood to the brain, and remove parts of his vertebrae.

I enjoy quickly putting together videos using my iPhone and occasionally an iPad. I often capture videos using Filmic Pro [1], ProCam 3 [2] or the built in iOS camera app. Sometimes I’ll add a few still images and a bit of music.

Two recent examples:

Turkeys, while cycling, and a Glorious Picnic Point Walk.

However, I’ve been surprised to learn that iMovie on iPhone or iPad lacks important features found on the Mac version.

I find this state of affairs rather surprising while Apple moves iOS upmarket via the new iPad Pro. To wit: Apple CEO Tim Cook at the September, 2015 iPad Pro introduction [3]:

“This is the clearest expression of our vision of the future of personal computing, a simple multitouch piece of glass that instantly transforms into anything you want it to be…”

One would think that iPad Pro’s iMovie would have feature parity, if not superiority over the Mac OS X version… Rather, the current iOS iMove app lacks:

1. White and color balance adjustments. The designers appear to believe that “filters are sufficient”. Occasionally useful, filters are no substitute for real white balance and color adjustments.

2. A deep and wide sound effect and theme music library. The mac version of iMovie includes an extensive sound library. The iOS version is unbearably thin.

Compare the screens:

Mac OS X iMovie

iMovie on iPad

iMovie on iPhone

Extra Credit for iMovie iOS developers:

3. Use the cloud…. iOS users should have access to a great set of royalty free music and video stock footage via iCloud. Apple might offer some interesting commercial tunes to Apple Music subscribers.

4. Think different about visual events. Rather than promoting oldster music in the worst way [4], why not embrace live events? I contemplated this opportunity while listening to Phox [5], after avoiding Melt Banana [6], at the inaugural Eaux Claires Festival [7].

Most “festival people” are too far from the stage to enjoy all aspects of a show – particularly when most venues lack live big screens. Why not expand iMovie so “festival people” can stream and share – p2p style – their experience, live. The band could place iPhones around the stage, near instruments and above the scene. Everything would be available and mixed. A true immersive experience.

The event and interactive views from all iOS users are archived locally and via iCloud.

Make it the best!

Links

[1] Filmic Pro.

[2] ProCam 3

[3] iPad Pro Introduction.

[4] U2’s Bono issues apology for automatic Apple iTunes album download.

[5] Phox

[6] Melt Banana

[7] Eaux Claires

* “Hey Apple” is a play on iOS’s new “Hey Siri” prompt.

** Apple’s track record on sticking with more advanced vertical apps is not promising – see the Aperture debacle.

*** I’ve kept a log of iPhone camera progress: http://www.zmetro.com/i6s/

website

website.