The Herald Bulletin

Morning Update

Columns

October 18, 2013

'Big Joe' Clark: Planning in the aftermath of a government shutdown

Honestly, it's more like a date than a marriage. Congress has agreed to fund the government temporarily but the sides are as far apart as religions from the East and the West.

Love is not on the horizon — and perhaps it shouldn't be — but we will continue to pray that our leaders can reach compromises that makes our nation stronger in the future and stable today.

One thing is for certain: There will be more challenges ahead regarding entitlement programs, tax policy and even national security. Somehow they have to work together to deal with those future issues and our current debt load.

In the meantime what did the shutdown, and now the startup, mean for our economy and ultimately your portfolio? According to economists at Moody’s Analytics, the impact of the shutdown is estimated to be about $20 billion of economic output.

We have no way of calculating the number just yet but what we did witness was a shift in behavior as consumers likely made changes to their spending habits. In the coming weeks we will be able to digest the economic data and determine what the impact on the economy truly was. It clearly wasn't beneficial to companies or economies.

What we do have to pay attention to — especially with Christmas shopping just around the corner — is the disruption to the private sector. Foreign ships are still in boat yards waiting to clear customs and the dock workers have to be called back.

Just because our government went on vacation didn't mean other businesses and nations shut down. Now we have to get caught up and that has its own cost and expense. This example obviously applies to retail but the same is true of backlogged mortgages and many other sectors.

We continually look for disruptions and distortions that interfere with economic growth and corporate earnings. As Congress kicks the can further down the road we can now turn our attention to earnings season as U.S. companies begin to announce their results from the third quarter. As investors we must come to accept the various events that will introduce volatility into the market. It’s our responsibility to create a plan and develop a mindset for handling that volatility.

Text Only
Columns
  • Hamilton, Lee [Duplicate] Lee Hamilton: Government as innovator? You bet! Five years ago, the federal government spent $169 billion to fund basic research and development. This fiscal year, it's down to $134 billion.

    April 24, 2014 1 Photo

  • Jim Bailey: Figuring out how to have the good in life without the bad Most of us have had those faith-shaking episodes in our lives. The tragic episodes that leave us wondering what life is all about.

    April 24, 2014

  • OPN - Mootry column mug [Duplicate] [Duplicate] Primus Mootry: There is a poet in each of us April is National Poetry Month. Throughout the country, colleges and universities, elementary and secondary schools, libraries and various publications have hosted poetry readings or featured unpublished poets.

    April 23, 2014 1 Photo

  • underwood mug [Duplicate] Scott Underwood: Nightmares from high school proms past I wore a salmon-colored tuxedo with a cummerbund and tails to my senior prom. I was 6-foot-6 and 175 pounds. A beanpole.

    April 21, 2014 1 Photo

  • Hayden, Maureen mug Maureen Hayden: Judge in gay marriage decision no activist

    When U.S. District Judge Richard Young recently ruled in favor of a lesbian couple seeking recognition of their out-of-state marriage, opponents of same-sex unions called him an activist judge who was unilaterally trampling the law. The label didn’t resonate with those who know Young well.

    April 20, 2014 1 Photo

  • Charo Boyd mug [Duplicate] Charo Boyd: Social Security goes green on Earth Day and every day For years, Social Security has been at the forefront of offering convenient, easy-to-use, and secure online services. We, along with those we serve, have saved a lot of paper, shipping costs, and fuel — and cut back on a lot of carbon exhaust and pollution — by going online instead of doing things the old-fashioned, less efficient way.

    April 20, 2014 1 Photo

  • Tim Kean: Can we have a 'A New State of Mind?' I have recently read some great articles about people coming together to make a difference in the lives of children facing food insecurity. The collective effort of a group can provide some much-needed food to kids who may not have a meal when they return home from school or during the weekend.

    April 19, 2014

  • SPL - PT041014 - Ken de la Bastide column - Ken sig Ken de la Bastide: County may eliminate Data Processing Board

    Action two weeks ago by the Madison County commissioners to close Data Processing Board meetings to the public might run afoul of the Indiana Open Door law, and a local resident is considering filing a complaint with the Public Access Counselor’s office for a determination.

    April 19, 2014 1 Photo

  • Timmons, Theresa mug Theresa Timmons: Dinosaurs run amok at mamaw's house I love my new job as a grandparent. It includes playing imaginary tennis with imaginary tennis rackets, making elaborate tents in the living room, and hair-pulling.

    April 19, 2014 1 Photo

  • Stringer, Maleah mug Maleah Stringer: Volunteers needed to spend time with shelter animals Shelters can be extremely stressful places for many animals, particularly those who have been in a loving home. This is why we want people to come into the shelter and spend time with our animals — to help keep them adoptable so that when the right person comes along they are ready.

    April 19, 2014 1 Photo

Featured Ads
More Resources from The Herald Bulletin
AP Video
US Proposes Pay-for-priority Internet Standards Wife Mourns Chicago Doctor Killed in Afghanistan FDA Proposes Regulations on E-cigarettes Kerry Warns Russia of Expensive New Sanctions Mideast Peace Talks Stall on Hamas Deal Cody Walker Remembers His Late Brother Paul Grieving South Korea Puts Up Yellow Ribbons Raw: Kerry Brings His Dog to Work Raw: Girls Survive Car Crash Into Their Bedroom Three U.S. Doctors Killed by Afghan Security Yankees' Pineda Suspended 10 Games for Pine Tar Colleagues Mourn Death of Doctors in Afghanistan Ukraine Launches Operation Against Insurgents Obama Reassures Japan on China Raw: Car Crashes Into San Antonio Pool Time Magazine Announces Top Influencers List Raw: Angry Relatives Confront SKorea Officials Bigger Riders Means Bigger Horses Out West Yankees Pineda Ejected for Pine Tar Deadly Fungus Killing Bats, Spreading in US
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Helium debate
Helium
Front page
Poll

How bad is the child abuse and neglect problem in Madison County?

Very bad
Bad
Not that bad
Not sure
     View Results