Almost every country in the world has defaulted on its debt or devalued its currency at one time or another—with some notable exceptions being Canada, Denmark, Belgium, Norway, Finland, Holland, Australia, New Zealand and the United States.…
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An earlier column this year asked “Where Did All of the Inflation Come From?” A big myth was busted when we discovered that the origins of recent inflation dated to Trump’s Tax Cut and Jobs Act, which injected $2.3 trillion into an economy with a 4 percent unemployment rate in 2019.…
The Present State of Rural Economies Glimmerglass Film Days this year featured a documentary entitled “Storm Lake” that chronicled the operating of The Storm Lake Times, a small local newspaper in Iowa farm country much like The Freeman’s Journal/Hometown Oneonta. The community of Storm Lake endured profound changes in the last two decades as the local farm economy declined and was replaced by a very large Tyson pork processing plant that now employs 2,500 mostly migrant workers. The town’s population…
EDITORIAL Uncle Sam, Font of Plenty, Thanks To Printing Presses Ain’t Uncle Sam great! At least his ability to print money. After the year-long COVID pandemic, which cost Otsego County government $10.6 million, the federal government is sending it $11 million. That’s $400,000 in profit, from the greatest pandemic in 100 years. The beauty of it is county government, under the guidance of brainy Allen Ruffles, the county treasurer, had already taken steps to stem the bleeding. The Ruffles Plan,…
Column by Adrian Kuzminski for December 14, 2018 Public Banks, ‘Greenbacks,’ Might Close Gap Between Rich And Poor I brought up the Green New Deal in my last column as the only political agenda I’ve seen which, whether we agree with it or not, at least tries to measure up to the magnitude of the two biggest problems we face: climate change and economic insecurity. Let’s take a closer look.…
Column by Tom Morgan for November 9, 2018 Downstate Controls, Doesn’t Care About Upstate Yawn. Upstate’s recovery from the Great Recession is the weakeast of any U.S. region. According to a recent study. You can examine all the nooks of Upstate’s economy. Most every one is daubed with lackluster. Papered with anemic. Writ large with blah. Yawn. Upstaters grew accustomed to this long ago. Our motto should be “We’re Number One at being Number Fifty!” Most of us know what…
Column by Mike Zagata for November 2, 2018. Is Upstate Downbeat? Blame Slow Recovery According to a newly released report from the Empire Center for Public Policy, “New York’s Uneven Economic Recovery: A Tale of Two States,” those of us who live in Upstate New York escaped the real estate/housing bubble that led to the economic crash in 2008. Why? Because our economy was so bad that we didn’t experience a bubble like the rest of the country. How’s that…
Column by Adrian Kuzminski, Friday, September 21, 2018 Let’s Build On Sustainable Assets, Not Unsustainable Liabilities Otsego County needs a new direction for energy and economic development. An important step to that end was taken last week when the county board’s Intergovernmental Affairs Committee endorsed the idea of setting up an energy and economic development task force. Kudos to them! A county-wide task force would give us two things we don’t have now: long-term economic planning and a wide range…
Column by Mike Zagata, August 31, 2018 Rising To The Fly On Natural Gas One of the main reasons that local brook trout don’t get very big is that they tend to rise to and take the first dry fly that is drifted over them. During my professional career, I have avoided “rising to the fly,” but my fellow columnist, Adrian Kuzminski, in his Aug. 23-24, 2018 article, floated one that was just too tempting. He was commenting on my…
Column by Mike Zagata for August 17, 2018 Exotic? Natural Gas As Common As … Manure It’s amazing that the natural gas opponents all talk about wanting to protect the environment by moving from natural gas to “renewables.” Is it that they are misinformed or have an agenda? It’s difficult to tell, but here’s what the science tells us. Natural gas, or methane, is naturally occurring. It is emitted from volcanoes, manure piles and humans. It is the cleanest burning…
