Last evening, Lowell Catholic High School held its third Athletic Hall of Fame Induction ceremony. The eight new members of the Hall of Fame are pictured above. Seated from left, John J. Miller – Keith Academy ’51; Richard P. Howe Sr. – Keith Academy ’51; Katelyn Gys – Lowell Catholic, ’00; Mickey Sullivan – Keith Academy ’64 and Lowell Catholic Athletic Director (deceased, represented by his spouse). Standing from left: Jack Rourke – Keith Academy ’55; Brendan “Mike” Durkin – Keith Academy ’69; Roger Cote – St Joseph ’71; Joseph Stagnone – Keith Academy ’55.
Not only was my dad honored by Lowell Catholic last evening, but it was also he and my mom’s 55th wedding anniversary. Pictured below, Mary and Dick Howe.
John Edward, a resident of Chelmsford who earned his master’s degree at UMass Lowell and who teaches economics at Bentley University and UMass Lowell, contributes the following column.
The 2012 elections are finally over. Over $4 billion spent and it is not clear anything changed. The uncertainty as to what happens next is hurting our economy.
Paul Guzzi is President and CEO of the Greater Boston Chamber of Commerce. It is his job to talk to business owners. He says they are telling him there is too much uncertainty. I do not always agree with Mr. Guzzi. In this case, I am certain he is correct.
Businesses are in the business of making money. For every investment they expect a rate of return. For every expectation there is some uncertainty. If there is too much uncertainty, they will not invest.
A healthy economy requires a healthy level of private investment. In the last half of the 20th century, investment was 16 percent of GDP. In 2000, it was 18 percent.
In the last ten years the investment slice of our economic pie shrank. In 2009, at the depth of the Great Recession, investment was only 11 percent of GDP. It has increased during the recovery, but not by much. In the latest quarter investment was 13 percent of GDP. Continue reading
Frank Rich, illustration by Gary Bedard (web image courtesy of garybedard.blogspot.com)
Read this New York magazine analysis of the election and national political culture by Frank Rich, former columnist at the NYTimes. His acute observations are refreshing compared to the misleading neutrality of so many mainstream media types.
To give my Facebook friends a breather from the permanent campaign, I’m reserving this kind of posting for this blog, whose subhead is “history and politics.” Politics doesn’t stop, but it become tiresome for most people. Unfortunately, there is so much at stake that we cannot divert our attention completely between election seasons. Democracy is a full-time occupation. It works best when we treat it like a relay team, with different people taking turns on obssessive focus and periods of service. Somebody wrote, “Eternal vigilance is the price of liberty,” or words to that effect. It’s unreasonable to expect everyone to be dialed in at the highest level continuously. What’s important is that we have people whom we trust paying attention 24/7. That’s the role of elected representatives, public employees, news reporters, and public interest groups. The voters must keep an eye on what’s boiling in the pot on the civic stove, but voters have their lives to live and families to focus on. In the meantime, we all need accurate information and thoughtful analysis of complex situations and policies to help us fulfill our responsibilities as citizens.