Paul Cunnington, The Unintentional Economist

Last week we heard from economist Paul Cunnington, a purveyor of pragmatism.

Several of his pronouncements were as follows:

Steve Barton, Pres. Elect Jim Horrigan, with Paul Cunnington
Steve Barton, Pres. Elect Jim Horrigan, with Paul Cunnington
  • The media are not honest.
  • 95% of what is written or spoken about the economy is either wrong or irrelevant.
  • Nothing should be taken for granted.
  • Money does not disappear; it just changes hands.
  • Those who are informed accumulate fortunes, the actions of Soros, et al, being an example.
  • The movement of money runs through the stock and real estate markets. When one rises, the other declines.
  • When real estate drops, the strength of the US dollar follows.
  • A drop in oil prices was caused by the dollar getting cheaper.
  • Chinese investment in the US is in commercial real estate
  • As money flows in from China, these currents can change and affect many lives.
  • Fluctuations in credit affect the economy more than the supply of money.
  • When mortgages are widespread, money comes “out of the air”. The price of goods and services rises.
  • Sufficient money must be created to pay principals and interests.
  • This cannot go on forever.
  • Debt can be used productively to grow the economy.
  • Debt is non-productive when it is used for spending.
  • Debt cannot pay back principal and interest.
  • When debt creation is large, prices rise.
  • It takes $3 of debt to produce $1 of growth. This is bad for future generations.
  • Rising debt, with people borrowing money to spend it, means higher stock market risk.
  • With money not being paid back, recession results.
  • The times for recovery from recession loom longer and longer, accompanied by a drop in the economy
  • An apparent rise in the stock market does not always mean we are in a favorable growth period.
  • A long -term debt cycle recovery time is 60-80 years.
  • A lot of manufacturing has left us due to government debt policy/trade deficit.
  • With debt rising and the deficit greater, this does not mean we have growth.
  • Subscribe to Paul’s newsletter @ http://mygreencapital.com/

Comment: According to the speaker, things are not exactly looking up

May 6th, UW Rotaract Banquet and Auction

Top (63)Sign up for UW Rotaract’s Annual International Service Scholarship Banquet and Auction on May 6th, 2016. This will be held at the UW Hub Lyceum from 6-9 PM. Tickets are $20 for students and $25 for the general public. There is also an option to sponsor a table (8 seats) for $160. If you sell 2 tickets and if you are a Rotaract member, you get yours for free! All proceeds go toward our student service scholarships and charities!

Your ticket includes access to a live auction, silent auction, raffle, and a buffet dinner catered by Little Thai Kitchen, and one free alcoholic beverage (if you’re over 21)!

If you have not paid yet, please go to tinyurl.com/donateuwrotaract BEFORE the event. Please contact uwhsroto@uw.edu or ssleong@uw.edu for any questions or concerns. See you on May 6th!

April 1st, Services for Rev. David Storm

Parrish PhotoThe memorial service for The Rev. David Storm will be on Friday, April 1, 2016 at 1:00 pm at St. Andrew’s Episcopal Church in Port Angeles, WA.

The Rev. Stephanie Parker is looking into hiring a bus for transport. If you are interested, please sign up on the clipboard in the Narthex of the church. A public graveside service at Lake View Cemetery is Saturday April 2, at 11:00am.


 

The Rev. David Anderson Storm

1928-2016

Born: 2/3/1928 in Seattle , WA

Son of: Jerome Richard Storm and Dorothy Rachel Storm

Education: Broadway High School, Seattle, 1946; BA Whitman College, Walla Walla, WA, 1950;

M Div, Virginia Theological Seminary, Alexandria, VA, 1965

Confirmed in the Episcopal Church, Christmas 1961 at Cathedral of St. John the Evangelist, Spokane, WA

Ordained to the Diaconate: 6/20/1965; Ordained to the Priesthood: 6/24/1966

Business Background:

1950-1958       Department Manager, J.C. Penney Co., Seattle, WA

1958-1962       Credit Manager, Volker Co., Spokane, WA

Service:

1965-1967       Assistant/Curate, St. Stephen Episcopal Church, Spokane, WA

1967-1972       Vicar, St. Hilda-St. Patrick Episcopal Church, Edmonds, WA

1972-1993       Rector, St. Andrew Episcopal Church, Port Angeles, WA

1974-1980       Diocesan Evaluation Committee, Diocese of Olympia

1974-1990       Training and Consulting Services (TACS), Diocese of Olympia

1978-1982       Diocesan Council, Diocese of Olympia

1993                Retired

1995-2016       Assisting Priest, St. Stephen, Seattle

Other:

1962   Spent 5 months traveling in Europe and the near East. Visited 22 countries during that time.

David Storm went into the ministry after a career in business. While working in Spokane for the Volker Company, at one time the largest wholesale distributor of home furnishings in the country, he started attending the Cathedral of St. John the Evangelist and was confirmed there at Christmas 1961. The Very Rev. Richard Coombs, Dean of the Cathedral wrote that, “David was one of our boys who went into the ministry…He graduated from the Virginia Seminary, and went to St. Stephen’s as curate following his ordination.” When St. Stephen’s, Spokane could no longer support a curate, Dean Coombs suggested that David contact “near-by” bishops about employment. One of these “near-by” bishops, Bishop Ivol Ira Curtis of Olympia responded and soon David was on his way back to the Seattle area with an appointment as Vicar at St. Hilda, Meadowdale (now St. Hilda-St. Patrick, Edmonds). St. Hilda’s had only been formed a few years before and shortly after his arrival, St. Hilda’s and St. Patrick’s, Eastmont began share David’s ministry and eventually formed one congregation. After his first visit to Meadowdale,

David wrote,

I had an exciting albeit confusing ride through the Meadowdale area yesterday. The best characterization of the area would be people to people – like wall to wall carpeting. The area seems to have no focal center except the schools so St. Hilda’s (I found a sign on a tree pointing in a nebulous direction with that name on it) meeting there is a good thing. Growth – and rapid at that – would seem to be the order of the day for the area and for the church…

 David served at St. Hilda’s-St. Patrick’s for 5 years during which time ground was broken for a new church building. In September 1972, he wrote to his congregation telling them of his acceptance of a call to St. Andrew, Port Angeles, The writer of the Book of Ecclesiastes rightly says that there is a time and a place for all things. I don’t recall that he says how one deals with such changes in terms of your own feelings…I have been privileged to be a part of your lives as you have been of mine. While I will no longer be your priest, I can still be your friend and I do wish well for each of you… This sentiment is typical of David Storm as he was and is often described as a good friend. In a variety of letters he’s described as ‘amiable and likable,’ ‘ready to build friendships across denominational lines,’ ‘a most likable and engaging person, open, interested, always ready to engage with people..’ and ‘very kind, a gentle man, and a gentleman.’

Fr. Storm served 21 years at St. Andrew’s where he exhibited the qualities of caring and friendship referred to throughout his career.   A conscientious priest and a good administrator – responsible in the matter of expending church funds, he felt that, the Lord’s money must be spent wisely at all times. One parish secretary remarked that this was a ‘comment he makes with sufficient regularity that it might be considered a by-word with him.’

Arriving in Port Angeles on the heels of the Rev. Walter McNeil, Jr., who left to become Archdeacon for the diocese, David had some big shoes to fill. As a new church building had just been completed, he and the congregation could concentrate on pastoral concerns and community outreach – as well as continued development of the church facilities.

In 1983, Fr. Storm suggested an idea to the Port Angeles city council to establish a fund to help people in need pay utility bills. The idea called for those who were able and willing, to contribute money to a fund that would help people truly in distress and unable to pay their bills. A utility relief fund was subsequently established. He also served on the local committee responsible for allocating federal aid funds to those in need of shelter and food.

During his tenure at St. Andrew’s the new Coulter organ was installed and a memorial garden was also established.

Fr. Storm was also active in the diocese serving on the Diocesan Evaluation Committee, tasked with the responsibility of evaluating the effectiveness of diocesan programs, Diocesan Council and as a member of TACS, the diocese’s Training and Consulting Services, with which he served as a senior trainer focusing on leadership development and organizational skills.

Though David retired from St. Andrew’s in 1993, he continued to occasionally officiate there and was also soon at work again as Assisting Priest at St. Stephen’s, Seattle – where he continued his ministry.

He will be missed!

Dr. Mike Mallahan, Audiologist: Serving those in need.

IMG_7899On March 17th our speaker: Dr. Mike Mallahan, audiologist par excellence, is wholly committed to an endeavor that brings the prospect of a better life for many.

It concerns hearing loss and its prevention. It involves screening of infants for deafness. It is known that, if the defect extends beyond two years, a child will never catch up and will face a disadvantaged lifetime. Dr. Mallahan has taken his skills, along with those of a corps of associates, to Guatemala. Allied with him are local Rotary clubs and fueling the process are Rotary grants.

In rural areas, where medical facilities and personnel are sparse, he has held screenings of newborns where, indeed, absence of hearing can be detected. At as early a stage as possible, they are fitted with hearing aids. Audiology technicians volunteer to fly in and aid in the screenings. They, in turn, train local personnel in the techniques. He gave three case histories in which children were rescued from deafness and its consequences. These represent a microcosm of the successes that are occurring. It is hoped that ophthalmologists will join the project. For the future, he envisions:

  • A Global Grant to fund more newborn screenings
  • More partner Rotary clubs to aid in funding
  • More audiology training and equipment to be financed
  • Ongoing surgical and medical supply needs to be met
  • Expansion to other Spanish-speaking countries.

Comment: As we often observe, to do a little bit at a time helps make the world a better place. Dedication and its results have a way of expanding. We have witnessed this phenomenon in a number of previous addresses to our club.

 

Coach Jim Lambright joins USR

Dr Hal and Coach Lambright
Dr Hal and Coach Lambright

Jim Lambright was installed as a new  member of the University Sunrise Rotary Club. He is a former member of the Marysville Rotary Club.

Jim had an illustrious career at the University of Washington where he lettered in football his last two playing years, was named  All Conference , All Coast, and Most Inspirational player, voted on by his peers.  Jim coached and taught school in Fife before returning to the University of Washington football program as a coach where he remained for 34 years.  He coached in  394 games; 8 Rose bowls along with 20 other bowl games; participated in two national championships, one as a player and one as a coach, winning 67% of those games.

Jim has two adult  children , Eric and Christine both of whom live in the area.  He has six grandchildren. Dr Hal Ellner will be Jim’s Rotary sponsor. Welcome Coach Lambright!

Alan is wearing his Jim Lambright Celebrity Golf Classic jacket.
Alan is wearing his Jim Lambright Celebrity Golf Classic jacket.

 

TINFA continues to expand

TINFA For All_3It is the beginning of the school year in Guatemala and three new elementary schools are starting this school year (school years go from January to November in Guatemala) full of excitement, with new equipment and the potential that this collaboration with TINFA and with its network of schools and teachers will bring.

These new partners are elementary schools in the Retalhuleu region of Guatemala. They are in the same region the existing ones in their 2nd and 3rd year program, strengthening the collaboration among teachers.

We are exited about closing the loop on this 3 year model, with school partners in year 1, year 2 and year 3. It is going to be a busy year for TINFA and the teachers. It is going to be some fun and deep learning for the students!

On January 28th, University Sunrise Rotary presented TINFA presented with a generous check of $16,500 for the project in Guatemala.

TINFA grant

This was a team effort lead by the University Sunrise (kudos to Mike, Lee, Tim, Ricky and all the members), in partnership with the University Rotaract, the Mill Creek Rotary, the Guatemala Rotary del Este, as well as a generous matching from the District. What an impressive piece of work, and what an impact by the Rotary!  This grant will provide all the equipment, the training and the support for one new school entering in collaboration with TINFA this year, as well as the training and the support for one school on their second year of collaboration.

Dr. Stanley Stamm and Children’s Hospital

President Tim Lenihan and Dr. Stamm
President Tim Lenihan and Dr. Stamm

Our speaker February 4th was Dr. Stanley Stamm, pioneer in cardiology at Children’s Hospital. He gave a concise history of the specialty at that institution. He participated in its growth to its present state, a mecca for sick children from points near and distant. There is now a large staff of pediatric cardiologists in place, as well as three fulltime cardiac surgeons. They are steadily at work. Their success record in heart surgery, particularly transplants, is exemplary.

 

He also mentioned the summer camp that bears his name, which he originated years ago. Located near Mr. Rainier, it provides a week of recreation for sick children, inclusive of the seriously ill. They enjoy swimming, horseback transport, games, and do their own skits. Dr. Stamm mentions that, even in cases of children on respirators, horseback rides are provided. Special needs such as diabetes are carefully planned in advance. The endeavor requires volunteers who must do strenuous work. The children are monitored on at least a 3-1 ratio. Some 200 volunteers regularly attend.

Dr. Stamm, although retired, remains active at Children’s, attending a few meetings a week. Quite obviously, his voice is heard and respected. Residencies and fellowships are integral parts of the teaching program.

Comment: Many of those at Children’s as well as numerous teachers and practitioners locally and around the country are Dr. Stamm’s trainees. This confers on him an immortality in his own time and beyond. His residents not only experienced his teaching, but accompanied him in runs, swimming, skiing, and probably more. Anecdotes in numbers resulted from this. Finally, could there be a better place to consider allocating some funds than Dr. Stamm’s camp?

New Year Programs begins with Jim Lambright

At University Sunrise Rotary today, the greatest UW Football Coach, Jim Lambright, spoke on his Life after Football and his participation in the UW Medicine Study on concussions and brain injury after a lifetime of playing football.

Jim Lambright served as the head coach at the University of Washington for six seasons from 1993 to 1998, compiling a record of 44–25–1. The Huskies played in four bowl games during his tenure and were nationally ranked twice. Prior to becoming head coach, Lambright served as an assistant on the Huskies coaching staff for 24 seasons. Lambright was born and raised in Everett, Washington, the son of a fisherman. He earned a scholarship to the UW, where he lettered as an undersized defensive end for head coach Jim Owens, earning all-conference and All-Coast honors as a senior for the Huskies in 1964.

Alan is wearing his Jim Lambright Celebrity Golf Classic jacket.
Alan is wearing his Jim Lambright Celebrity Golf Classic jacket.

 

Jocularity with Dr. Hal

We are honored to have in-residence a true humorist in Dr. Hall Elner, the following is a sample of some of his humor.

Dr Hall
Dr. Hal

#1. “I’m ashamed of you,” the mother said. “Fighting with your best friend is a terrible thing to do.”

“He threw a rock at me!” the boy said, “So I threw one at him.”

The mother stated emphatically, “When he threw a rock at you, you should have come to me.” The boy quickly replied, “What good would that have done?

My aim is much better than yours.”

#2. A newsboy was standing on the corner with a stack of papers, yelling, “Read all about it. Fifty people swindled! Fifty people swindled!”

Curious, a man walked over, bought a paper, and checked the front page. Finding nothing, the man said, “There’s nothing in here about fifty people being swindled.”

The newsboy ignored him and went on, calling out, “Read all about it, Fifty-one people swindled!”

#3. Two elderly gentlemen were talking over coffee.

“I guess you’re never too old,” the first one boasted. “Why just yesterday a pretty college girl said she’d be interested in dating me. But to be perfectly honest, I don’t quite understand it.”

“Well,” said his friend,  “you have to remember that nowadays women are more aggressive. They don’t mind being the one to ask.”

“No, I don’t think it’s that.”

“Well, maybe you remind her of her father.”

“No, it’s not that either. It’s just that she also mentioned something about carbon 14.”

#4.  A man and a woman who had never met before find themselves in the same sleeping carriage of a train.

After the initial embarrassment, they both go to sleep, she on the lower bunk, he on the upper.

In the middle of the night the man leans over and says, “I’m sorry to bother you but I’m cold and I was wondering if you could possibly pass me another blanket.”

The woman leans out and says in a sultry voice, “I’ve got a better idea. Let’s pretend we’re married.”

“Hey, terrific idea!” says the eager man.

“Good!” she replies, “Get your own blanket!”