As always, I know it is vacation because my cell phone is locked up in a safe, there’s no TV watching, and I have no keys in my pocket. We began this year’s journey with a short visit to one of our closest allies, Japan – specifically in Tokyo. Tokyo is a city of 14 million, but it works. It is well organized, with unfailingly polite people. It makes you wonder if any of them get neck problems from all the head bowing. One spends a lot of time saying arigato (thank you). It is nice to walk around a major city where the streets are spotless and safe. The world-famous Ginza district is so inviting to visitors. No one is breaking any rules. Even before we get to the Ginza District there are colorful flowers lining the streets. Pansies, Johnny Jump-ups, and tulips brightening our walk and our day. You don’t think of jaywalking in Japan. Everything is orderly. You notice walking the streets that everyone is Japanese. In fact, the population is 97.8% Japanese. Though they learn English in school very few speak the language. It is not a very diverse country, and it really works.

Which brought to mind a current saying amongst… Read More

Those who regularly read my column know that The Beautiful Wife and I are experienced world travelers. We have been to 80 countries together and love to travel to all corners of the world. One of the countries I would really like to go to is Venezuela. At one point not to long ago, Venezuela had the best economy in Latin America and was in the top 20 economies in the world. It has the largest oil reserves in the world. In the last two decades of the 20th century, the economy started to decline. It was still a country with which many people I knew did business and visited regularly. I wanted to vacation there. I heard wonderful things about Caracas, the capital. Then Hugo Chavez became president promising a Bolivian (socialist) revolution. He indeed provided a revolution until he died. A revolution of despair. The current leader, Nicolas Maduro, took over the country and finished destroying any semblance of civilized life. Human Rights Watch has reported there is a full-blown humanitarian crisis lacking safe water, basic nutrition, and healthcare. Whoever can get out has gotten out. We missed our opportunity to visit Venezuela and likely will never be able… Read More

When President Biden and the Democrats raise the subject of white nationalism and white supremacy, many conservatives immediately lurch for the “pivot” — a technique of bridging to another topic.

That’s a mistake.

While many on the left have made it a habit of painting anyone and anything they don’t like as racist, it’s a mistake for conservatives to fall into the trap of conceding leadership on issues of racism to the Democrats.

True conservatives can — and should — be bold and clear on this subject, not reach for the escape hatch.

White supremacy, anti-Semitism, and all other forms of racism are fundamentally incompatible with conservatism.Someone who is a racist cannot be a conservative.The former disqualifies one from being the later.

Conservatism holds each person should be judged on their own conduct, behavior, and character.This is what we mean when we talk about “personal responsibility” — people should be responsible for their own actions, and judged on their own character as an… Read More

During my morning routine prior to work, I was taking a break when the phone rang. At the other end was a gentleman telling me he had found money for me. From there my day changed. I sat up and listened. Who wouldn’t? I am getting free legal money not handed out by a loathsome politician acting like it was theirs in the first place. Of course, it was my money, but it was still a find. The call was from Bernstein, a private wealth management firm. I left there about five years ago when my financial advisor departed unannounced. I promptly moved my accounts elsewhere. It certainly was possible that some earnings/dividends might have been transferred to them after my departure. At any rate, it was nice to hear they had some of my moola. The young man then proudly told me they were sending me a check for 11 cents. Yes, you read that correctly. They had contacted me because they were holding 11 cents of my money to be deposited into my IRA account. He wanted to know if he should send it to me or to my new investment advisor. Then I started to harangue him. “You didn’t really contact me about 11 cents, did you? No, you… Read More

As a rule, columnists generally do not like to riff on other people’s product but rather create one’s own. Sometimes one is just forced to do so because of the message put out by others that have a significant position in the journalistic world. Those people do a disservice by providing misleading information on a subject with which you are well versed, and they must be countered. Catherine Rampell is a staff opinion writer for the Washington Post who is syndicated. She has the same economic background as Jared Bernstein who has been a spokesperson for President Biden and now is the nominee for Chair of Council of Economic Advisers – that is none. Her degree from Princeton was in Anthropology. I don’t know why she is considered an economics “expert.” I don’t know whether she has read The Wealth of Nations by Adam Smith or Capitalism and Freedom by Milton Freedom. Yet she regularly opines on financial subjects and this time she has hit on the IRS and whether we are overtaxed. In her column, Sorry Democrats You Cannot Pay for Everything by Soaking the Rich… Read More

Experienced readers know the Bialoskys are devoted dog lovers who long ago made the transition to adopting rescues rather than getting puppies. I have long said dogs only want a bowl of food, a bowl of water and a lap to sit on and I still maintain that is true. We have had wonderful success with rescues, but we won the lottery with Winnie. Winnie entered our lives after the premature death of Kelly, a Lhasa Apso. She was the most adorably cute puppy and just a wonderful dog. Lhasos tend to take command of the house and Kelly was no different. She was diagnosed with cancer while The Beautiful Wife (BW) was home alone as the kids were at college and I was off working on the 2012 presidential campaign. She was the only doggie we had who did not live a full life, dying at 8 years old. I started looking for a Carin Terrier (think Toto). It was impossible to deal with the Carin Terrier people. At least in California, pick a breed of dogs and there is a group of people who are formed to connect with the dogs they love. The regional head for the Carin Terrier group was very helpful, but she kept leading me to these people very much over the top for my taste. One… Read More

The current attempt to turn our society on its head by establishing equity as the standard for advancement instead of excellence has become quite apparent. The failures are right in front of us. Two shining examples that glare at us daily are visible members of our federal government. The first is our transportation secretary. We all knew he had no qualifications to run this department. His only notable experience is being mayor of a city whose population is less than double the number of transportation department employees (103,353 residents versus 55,000 employees). How could this not be seen as a train wreck (no pun intended) waiting to happen? This is a person who wants to be taken seriously, yet regularly behaves in a non-serious manner. Just the fact that he was caught being driven to work and then getting off at a certain point and riding his bike (notably with a helmet) the remainder of the way tells you how his mind works. Then there was the incident of him disappearing for two months. He is not the only cabinet member to disappear for an extended period as Xavier Becerra, Health and Human Services Secretary, has been known to disappear for… Read More

The economic illiteracy of Americans — including most who have taken one or more college Economics classes — can be breathtaking. But instead of always complaining about this malady, I decided that with this article, I’d here offer a one-lesson business accounting course that SHOULD be taught in high school (if not at home).

Herewith, a cram course on the fundamental math of a retail business — specifically a fast-food establishment. And why almostallsuch culinary establishments will be cutting back their hours of operation — making that late-night fast-food eatery largely a thing of the past.

Every business has two kinds of costs:

1. Fixed Costs— These are costs that don’t change much from month to month. At the top of the list of fixed costs is usually property costs — mortgage (or rent), taxes, insurance. Add to that franchise fees, accounting cost, some insurance costs, etc.

2. Variable Costs— These costs primarily consist of the cost of goods sold, utilities, franchise percentage payments and… Read More