The Millionaire Next Door

Millionaire Next DoorThe Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and William D. Danko

The Millionaire Next Door is an old book, first published in 1996, with only the preface updated in 2010.  (“The millionaire next door is still alive and kicking even today in this recession.”)  Given the current slow recovery from our “Great Recession” and the hollowing out of the middle class, I thought it would be fun to read about how people amass unusual wealth.

I enjoyed the book and found the authors’ style easily drew me along in my reading.  The book is based on surveys and face-to-face interviews with over 500 American millionaires.  In addition to statistics there are case studies which add interest and a sense of the real people involved.

The authors feel that popular culture presents the wrong view of wealthy people.  “Americans have no idea about the true inner workings of a wealthy household.”  I can see why Hollywood avoids real life millionaires: they’re boring.  “Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.”  Continue reading

Salad Days

I never warmed to this phrase.  It means a youthful time, accompanied by carefree idealism, though recently in the U.S. it also means when someone is at the peak of their abilities.  People claim this makes sense because salads are fresh and wilt quickly.

Wikipedia says the phrase was coined by Shakespeare in 1606 in Antony and Cleopatra.  Cleo says “My salad days, / When I was green in judgment, cold in blood.”  There are many sites that agree: Shakespeare seems to make a reliable source.

The phrase became popular only from the middle of the 19th century and has had many literary uses.  Phrases.org notes that “Salad Days” was the title of a popular British musical in 1954.

It still leaves me cold.

Atatürk, The Biography of the Founder of Modern Turkey

This book by Andrew Mango intimidated me when I found it in the library. It has over 500 pages of text and is sprinkled with italicized Turkish words and the names of Turk personalities. It looked difficult to read, but I checked it out anyway. I ended the review of the book “Shadow of the Sultan’s Realm” posted last week with the quote, “How Kemal guided the transformation of the Turkish nation is one of the most fascinating stories of the twentieth century—but that is…a story for another time.” I wrote that I couldn’t wait to read that story. I therefore worked my way through a long and difficult book, and I’m glad I did. Continue reading

Filibuster

NPR says the term filibuster “first appeared in the English language in 1591, according to the Oxford English Dictionary. The word was then `flee-booters’ [for ‘pirates’]. Its origins are probably Dutch, with some Spanish and French influences.” The pronunciation changed over time to our modern “filibuster”. In 1890 an obstructionist legislator was called a filibuster, and the word was on the road to our modern usage.

Online Etymology agrees with the origin of the word.

Free Republic offers more detail on the rise of our current usage.  In the early 1800s Senators began making long, irrelevant speeches on the Senate floor, which delayed or even stopped votes on legislation.  Battles over how to deal with the tactic ended in favor of the obstructionists, who were called filibusters by their opponents.  Today the old meaning is lost.  To filibuster is to disrupt and interfere with legislation through delay on the Senate floor.

Genetically Modified Food Risks

I published a previous commentary to introduce the conflict between those who view Genetically Modified Organisms (GMOs) as a danger to the environment and people and supporters who see them as the solution in how to feed an expanding human population. There are several wonderful web sites that discuss the issues in detail, and one of my favorites is one titled “Genetically Modified Foods:  Harmful or Helpful?” by Deborah B. Whitman. I intend to summarize what she and others say about why they may be harmful in this commentary and save the positive side as future material. Continue reading