Before the Laemmle came to town, there was another theater, whose intention it was to offer a different fare also. The Village Theatre was located on the southwest corner of Bonita and Harvard. The building today, better known as Harvard Square, has been adaptively reused to house shops and a restaurant.
I really didn’t expect to have to be doing this. Two years ago, I was thrilled to find that I had recovered enough from my surgery that I was able to go out in my wheelchair on my own. It was tremendously liberating to be able to go out on my own, even when I was just tooling around my neighborhood. But over the last year, even as my strolls around the neighborhood were more vital during the lock-downs, I had more and more difficulty on my outings, not being able to get far.
In Part 1, I focused on how the TIPS interest rate, together with the interest rate on standard Treasury bonds, gives us a good idea of consensus inflation expectations. This week, I will discuss how the TIPS yield also can capture: (1) an idea of the long-term outlook for economic growth, and (2) the current risk-free rate of return, against which all other investment returns are calibrated.
Pedaling across Old Route 66 on a bike that logged 115,000 miles and four cross country trips, Oris Barber stopped in Galena, Kansas on his way home to Claremont. He captured a picture of a retired 1951 Harvester Tow Truck. Oris printed and delivered the image to Gina Rodriguez, a waitress for 20 years at the Village Grille who became friends during years serving him.
Again, the debate returns over just how much protection LGBTQ citizens deserve. The Equality Act passed the House of Representatives some weeks ago, but faces a very uncertain future in the Senate due to extreme lack of support on the Republican side. June is LGBTQ Pride Month; what a great gift passage of these new protections would be for so many Americans.
Claremont Heritage continues their mission to "Keep Claremont's History Alive" with another round of a virtual version of their Annual Awards Gala and fundraiser auction. Support your community and bring home a one-of-a-kind Claremont treasure. Bidding for the online auction ends at 12 p.m. on Saturday, May 22 and enjoy the virtual awards ceremony for free at 7 p.m. the same day. Go to ClaremontHeritage.org for more information.
The media bombards us daily with economic and financial statistics. Housing starts were up. Jobless claims were down. Consumer confidence is fluctuating. The purchasing managers index was flat. And so on. It’s enough to make your head spin. But there is a single economic indicator that contains a remarkable amount of information—the interest rate on the 10-year US Treasury Inflation-Protected Securities, or TIPS for short.
This past weekend my wife Grace and I went to a public place along with thousands of strangers, an activity which was unthinkable just a few short months ago. And I am proud to say it felt great. Over the past year we have been pretty strict about staying at home, wearing masks in public and keeping our distance in general.