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I was born and mostly raised in Kentucky but I now live in Indiana. I have always been disappointed and somewhat ashamed of my birth state for their backward views on social change and economic progress. For example it was proposed over thirty years ago that Louisville should have an interstate bypass similar to most other major cities. Indiana agreed and built their half of what would ultimately become I 265 but Kentucky stalled on the last bridge to complete the project with the East end bridge. So for nearly thirty years we have had to put up with a two thirds finished project.
Why? Because the East end is where a great deal of the local money lives and they did not want an Interstate Highway passing through their neighborhoods. So we studied a ten million dollar bridge project until it became a hundred million dollar bridge project. Stupidity 101. Then there is the issue of gambling revenue. Kentucky is surrounded by gambling states except for Tennessee which is almost as backward as Kentucky.
Why? Because the horse racing industry that has been ensconced in this state for over a hundred years opposed the introduction of other forms of gambling because it could potentially reduce the revenues at their various race venues in the state. We were among the last ones to adopt a state lottery and that was only after they realized that revenues were being drained off to our neighboring states for lottery tickets. Once again though the Kentucky legislature fails to recognize how much of their state's potential revenues is going to Illinois, Ohio, Indiana, Virginia, and West Virginia.
I enjoy visiting casinos and one of my hobbies if you will is taking note of license plates in the parking areas at these facilities. It is really rather interesting to see that on some days the majority of the out of state plates in their garages and parking areas are TaDa from Kentucky. Well La De Da. Imagine that. Stupidity 101 again. Oh well.
Don't get me wrong. I love my birth state. It has some of the most beautiful and diverse landscape to be found anywhere. It is also the home of Bluegrass music which is one of my favorite forms of music. The horse racing, the whiskey, and the women are among the best to be found in the nation. But somehow we always tend to elect those who either don't or can't do the best for this fair state.
Indiana on the other hand is a very progressive and forward looking state. I lived in Indianapolis for seventeen years. I watched it go from a rough and tumble hard bitten and crime ridden town to a very progressive and vibrant city mostly under the leadership of former Mayor and later Senator Richard Lugar. Even though I was and still am a Democrat at heart I certainly recognize and appreciate a solid leader regardless of their party affiliation. Our Current governor is also a Republican but I feel that he is doing a fine job for the state of Indiana.
Sometimes you just have to shake off the past and get on with the future.
I bet Vegas and they took my clothes...
I bet Monte Carlo I was showin' my stuff...
I bet on you baby, now ain't that enough? ♫
Take a look at Atlantic City and see what it did for the city after over 40 years. It is a slum. Only safe places are in the casinos. And not even real safe there. And worst of all, it brought Trump to town with his sleaze and bad comb-over.
And note that since gambling was instituted, our taxes continued to climb despite all the promises I mean lies about the windfall our State would realize.
Gambling is for cretins and assorted scum.
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[BRIEFING.COM] The stock market punctuated July with a broad-based retreat that sent the S&P 500 lower by 2.0% with all ten sectors ending in the red. The benchmark index posted a monthly decline of 1.5%, while the Russell 2000 (-2.3%) underperformed to end the month lower by 6.1%.
To get a better feel for what led to today's retreat, we'd like to look back to Wednesday, when the market had ample reason to rally, but did not. Instead, it ended basically flat after a sloppy day of ... More
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