It was only 12 years ago when a sudden collapse of the housing market caused the fragile house of cards, a.k.a. the financial system, to implode in record time. Back in 2008, the general public was lead to believe that sub-prime mortgages were the culprit that shook the foundation of our entire financial system I am not here to argue about what exactly caused the 2008 financial crisis, other than to point out that only 3% of the total secondary…..
That has now become the multi-trillion dollar question, and the answer depends on whether you listen to the complex advice from the financial world, or you take a look around your own Main Street. While we all thought there was a disconnect between Wall Street and Main Street in 2008 and we were separated by a river, today’s climate would indicate we are now oceans away from each other. To make the comparison even more dramatic, let’s just simply use…..
As experts and not-so-experts keep comparing our current situation to previous events in history, they tend to use statistics and graphs that are missing the most important point. First, there are no comparable case studies for what we are experiencing today. Secondly, the circumstances and the speed with which the Corona virus impacts global financial and economic markets is unprecedented. This is not a crisis! It’s a shock in the supply chain, the production chain, and the demand side; all…..
An Opinion. As we are all getting inundated daily with statistics about the rapid and seemingly unstoppable spread of the Corona virus, compounded by even more bad economic and financial news; it is hard to see the forest for the trees, let alone a positive ray of sunlight. There is a rational approach that can guide us in the right direction if and when we all focus on the solution rather than the problem. I am not exaggerating or proposing…..
Footprints can be misleading, to say the least, and certainly when the sizes look the same but the characteristics and impact are designed to be quite different. Jekyll Island has a well-documented history of preserving the size of the footprints made while obscuring the long-term impact of the brand new shoe that is meant to replace the old one. One only needs to remember two fairly recent events that support this idea, hence, not every footprint is necessarily equal. When…..
The discussion about how Jekyll Island Residents can become part of the decision making process has been a constant point of discussion and contention over the years. So it is not surprising that given the impending major changes that are about to occur on the island, that such a discussion is yet again a hot topic. But before we tackle how, when, and where such input can be, or should be, made available to concerned citizens, it is important to…..
The true history of the amphitheater is slowly being forgotten, as are its early and humble beginnings. This once popular and family-friendly island attraction most definitely deserves its rightfully owned place in history, if not for anything but its perpetual memory in the minds of thousands of early visitors and residents; a memory that slowly fades with time passing by. Once a main attraction of artistic and cultural beauty, it is now unfortunately gently absorbed by natural vegetation; embraced and…..
The title may sound more like the local history or chapter of Area 51, but it is not as dramatic or “alien”. It is however a curious tale that has largely been forgotten or omitted. First, let’s determine where Lot 352 is located on Jekyll Island. It is quietly and neatly “sandwiched” between Villas-by-the-Sea, and The Cottages. Although the lot was staked out and identified by the Authority in 1971, it has never been developed. However, it was disturbed in…..
When the Cherokee Campground first opened in 1958, little did we know that it would leave a trail behind that would again be cause for controversy and concern 61 years later. Wayne Morrow and Julius Bostwick first signed their lease agreement in 1958 of what would become known as the Cherokee Campground. The lease was offered at an annual rate of $1,750 plus 3% of the gross revenue, and effective for 20 years. The duration however included a little caveat,…..
The 65/35 rule on Jekyll Island has been debated for several decades, ever since its inception. And while the discussion may still be ongoing among some admirers and lovers of the island, the rule is no longer in effect and has not been since 2014. There is however a lot of forgotten history that warrants some clarification. When the Jekyll Island Authority was created in 1950, the Authority Act* stipulated that only one third of the island could be offered…..
