musings

The real value of Boomers

The United States is braced for the single biggest transfer of wealth in history.

"Boomers" make up about 45 million households, worth about US $68,4 trillion, according to Cerulli Associates. an asset management research group. As they die over the next 25 years, their heirs will receive most of this, and those heirs are mostly millennials.

The question is, what will those heirs do with the money?

Every so often, the Internet gives us something truly wonderful

Fancy listening to Folk Music of Afghanistan from 1971? Or Afro-Cuban Jazz from 1966?

The Internet Archive has begun digitizing long out-of-print vinyl and making it freely available.

As I write these words, I am listening to "Profiles" by Gary McFarland (1966). It was post bop contemporary jazz at the time. Now, it's a half century old.

Looking for the elevator in the gym?

Ever stop to observe the behaviour of vehicles entering a shopping center parking lot?

They will generally circle close to the entrance of the shop they want to go to. Frequently, they will stop in a row, hazards flashing, waiting for someone to leave their space.

Eventually, when someone does leave and another vehicle approaches from the other side, our driver waiting for the parking space will furiously flash lights or honk or wave or all of the above.

Here's my strategy for parking lots: I will generally grab the first unoccupied parking I find.

Up in my air balloon, air balloon...

Whenever I watch "Indiana Jones and The Last Crusade", I'm filled with longing for the majestic beauty of airships.

Three times longer and twice as tall as a 747 – to put that in perspective, the Hindenburg class machine was as long as the Empire State Building is tall – these magnificent machines had 25 cabins (yes, cabins) holding two passengers each, a dining room, a passenger lounge with a piano, a writing room, a smoking room.

Biting the bullet butter

"Have you got any butter?" I asked the barista at the Slow XS Lounge in Lanseria. He had just passed me a double espresso. "Sure," he said, and passed me a couple of single serve tubs. He then watched in fascination as I tipped both into the espresso.

"I bet you've never seen this before," I said. He shook his head slowly.

"Is that Bullet Coffee?" asked the woman in line behind me. "Sort of a poor man's version," I said.

"Why?" asked the barista.

"It stops you getting hungry," said the woman. "Exactly," said I.

So Ramaphosa delivered, sort of...

Yesterday, I said there are three very simple things President Ramaphosa can do today that will immediately give an uptick to our economy:

  1. Let SAA fail
  2. Take the money that would be spent on SAA and use it to upgrade Metrorail rolling stock and stations
  3. Hand over control of Metrorail to the municipalities of Johannesburg, Cape Town, and Durban

Here's what he said in the State of the Nation address:

The William Nicol interchange looks good, but it sucks

When the Gauteng Freeway Improvement Project trotted out the new interchange at the intersection of the N1 and William Nicol, there were many oohs and aahs around how beautiful it was.

Actually, it's stupid. It is responsible for creating what is possibly the single biggest logjam on the road from Cape Town to Beit Bridge.

Here's the problem: Any intersection with traffic lights can only allow cars to pass through as lomg as the light is green.

(Minibus taxis have their own rules. We're not talking about them.)