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Subject: Missoula-Community-News Digest, Vol 16, Issue 4

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Today's Topics:

   1. A footnote on growthonomics (Lance Olsen)
   2. Ag in the city/Wild in the city (Lance Olsen)
   3. News Release (Noreen Humes)

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Message: 1
Date: Wed, 3 Aug 2016 13:17:06 -0600
From: Lance Olsen <lance at wildrockies.org>
To: missoula-community-news at bigskynet.org
Subject: [MCN] A footnote on growthonomics
Message-ID: <p06240805d3c7f1181c76@[192.168.0.16]>
Content-Type: text/plain; charset="iso-8859-1"; Format="flowed"

The Economist Jul 30th 2016 | From the print edition

  Financial stability
Minsky's moment
The second article in our series on seminal economic ideas looks at Hyman Minsky's hypothesis that booms sow the seeds of busts

http://www.economist.com/news/economics-brief/21702740-second-article-our-series-seminal-economic-ideas-looks-hyman-minskys

Excerpts

Minsky's conclusion was unsettling.

Minsky was a maverick.

His challenge to the prophets of efficient markets was even more acute.

A new version of the "Handbook of
Macroeconomics", an influential survey that was first published in 1999, is in the works. This time, it will make linkages between finance and economic activity a major component, with at least two articles citing Minsky. As Mr Krugman has quipped: "We are all Minskyites now."

Central bankers seem to agree. In a speech in 2009, before she became head of the Federal Reserve, Janet Yellen said Minsky's work had "become required reading". In a 2013 speech, made while he was governor of the Bank of England, Mervyn King agreed with Minsky's view that stability in credit markets leads to exuberance and eventually to instability. Mark Carney, Lord King's successor, has referred to Minsky moments on at least two occasions.

But in time, memories of the 2008 turmoil will dim. Firms will again race to expand, banks to fund them and regulators to loosen constraints. 
The warnings of Minsky will fade away. The further we move on from the last crisis, the less we want to hear from those who see another one coming. 

http://www.economist.com/news/economics-brief/21702740-second-article-our-series-seminal-economic-ideas-looks-hyman-minskys

-- 
+++++++++++++++++++++++++++++++++++++++++++++++++++++
"Still, the boom of the 1980s was unique. Not only did creditors lend more freely than they had in the past, but the government intervened more actively than it had ever done before to absorb the inevitable losses."

"The fundamental investment question is whether even the government is big enough to underwrite, with good money, the losses born of the lending practices of the 1980s."

"By standing behind good banks and bad banks alike, the government in effect removed the oldest charter in banking -- that is, safekeeping."

"In the early 1990s a number of long-running trends were apparently cresting ?. Tommy Mullaney, eleven, of Crownsville, Maryland, returned home from camp in the summer of 1990 to find his name inscribed on a MasterCard complete with a $5,000 credit line. 'I jumped up and down and said Wow - the hologram was cool,' Tommy told the Washington Post. 'But it sure made me wonder who was running that bank'."

James Grant. Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken. Farrar Straus Giroux. 1992.

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Message: 2
Date: Wed, 3 Aug 2016 15:42:11 -0600
From: Lance Olsen <lance at wildrockies.org>
To: Missoula-community-news at bigskynet.org
Subject: [MCN] Ag in the city/Wild in the city
Message-ID: <p06240808d3c810386008@[192.168.0.16]>
Content-Type: text/plain; charset="iso-8859-1"; Format="flowed"

"Practiced in cities across Europe and with a growing presence in the northern United States, eco-pasture is an alternative and eco-friendly way to maintain urban green spaces with the help of our grass-eating friends. In the case of Biquette ? Montr?al, the herbivores in question are sheep. These helpful ruminants do an amazing job of replacing lawn mowers .... , fertilize the soil naturally and help increase urban biodiversity by making the city more inviting to bird and insect species that usually make themselves scarce ....."

Photo from the Montreal park show urban kids watching sheep

"'People of all ages have told us what it means to them to connect with nature, and how peaceful it is to have animals in the middle of downtown,' 
she says."

http://blog.wwf.ca/blog/2016/07/29/montreal-goes-wild-for-sheep/

-- 
+++++++++++++++++++++++++++++++++++++++++++++++++++++
"Still, the boom of the 1980s was unique. Not only did creditors lend more freely than they had in the past, but the government intervened more actively than it had ever done before to absorb the inevitable losses."

"The fundamental investment question is whether even the government is big enough to underwrite, with good money, the losses born of the lending practices of the 1980s."

"By standing behind good banks and bad banks alike, the government in effect removed the oldest charter in banking -- that is, safekeeping."

"In the early 1990s a number of long-running trends were apparently cresting ?. Tommy Mullaney, eleven, of Crownsville, Maryland, returned home from camp in the summer of 1990 to find his name inscribed on a MasterCard complete with a $5,000 credit line. 'I jumped up and down and said Wow - the hologram was cool,' Tommy told the Washington Post. 'But it sure made me wonder who was running that bank'."

James Grant. Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken. Farrar Straus Giroux. 1992.

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Message: 3
Date: Wed, 3 Aug 2016 11:38:07 -0600
From: "Noreen Humes" <noreen at habitatmsla.org>
To: "'Habitat for Humanity of Missoula'" <habmsla at habitatmsla.org>
Subject: [MCN] News Release
Message-ID: <006a01d1edad$cfe6a760$6fb3f620$@org>
Content-Type: text/plain; charset="us-ascii"

T. Linrude

Habitat for Humanity of Missoula

August 3, 2016

Local/State/Regional

For Immediate Release

Pedaling for Affordable Housing - Bike & Build Cyclists Volunteer at Missoula's 50th and 51st Habitat Home 

Members of the Bike and Build organization will be pedaling through Missoula on August 5 to August 7 as part of a cycling trip that started in Providence, Rhode Island and will end in Seattle, Washington. Founded in 2002, Bike & Build's mission is to create fair, decent housing for all Americans. Specifically, it is a service-oriented independent organization that engages young adults in national cycling trips through partnerships with various affordable housing nonprofits - including Habitat for Humanity.

Habitat for Humanity of Missoula (HFHM) has teamed up with the Bike & Build organization for twelve years to help complete Habitat homes. The group of
29 cyclists will volunteer at a total of 13 build sites across the country during their "P2S16" trip, Missoula being just one of 59 stops the team will take during a 4000-mile journey spanning over three months. The P2S16 group is one of eleven Bike & Build routes taking place this summer across the
United States.   

"We are thrilled to have such a long-standing and rewarding partnership with Bike & Build.  These young adults are so passionate about their journey, their varied experiences, and helping to create homeownership for families across the country," states Noreen Humes, HFHM's Executive Director. "We have been reading their blog along their route and look forward to their arrival.  We are grateful for this opportunity and for the community organizations and volunteer help we rely on to make this weekend happen."

HFHM Community partners include St. Paul Lutheran Church to provide all the group meals and St. Anthony Catholic Church to provide the lodging for the Bike & Build team. The cyclists will work at the build site of two Habitat homes, 2215 & 2217 Burlington Avenue on Saturday, August 6. An evening banquet will follow Saturday's build day at St. Paul Lutheran Church.  The evening includes a program in which the cyclists share their trip experience with attendees in addition to answering questions about the Bike & Build organization.  HFHM and Adventure Cycling leadership will be present to provide additional connections to cycling, affordable housing, and our community.  The general public is invited to attend this free program beginning at 6:45pm on Saturday, August 6 at St. Paul's located at 202 Brooks Street in Missoula.

"A cycling trip is a once-in-a-lifetime experience, but it requires a significant commitment" according to the Bike & Build organization.  Each participant is required to spend numerous hours volunteering on a local build site and raise a minimum of $4,500 in order to make the trip. The organization's requirements give trip participants knowledge on affordable housing efforts before embarking on their cycling trips. In addition, the Bike & Build organization provides grant funds to participating organizations around the country, including HFHM.  Bike & Build's partnership with Habitat has been extremely valuable in continuing to eliminate poverty housing in the Missoula community and with other Habitat affiliates throughout Montana.

For more information:

Noreen Humes, Habitat Executive Director 549-8210, Noreen at habitatmsla.org

Morgan Durand, Bike & Build Organization's P2S16 Team Leader 980-322-4882

or Bike & Build main office in Philadelphia, PA - 267-331-8488 or info at bikanadbuild.org

Phil Stouffer, St. Paul's Lutheran Church - 728-8262

Vertical Color small

Noreen Humes

Executive Director

Habitat for Humanity of Missoula

P.O. Box 7181 (59807)

3655 Highway 200 East

Missoula, MT  59802

(406) 549-8210

www.habitatmsla.org

"A home transcends being just a shelter.  It represents the opportunity to unleash potential."  

Rajashree Birla

CONFIDENTIALITY NOTICE:  This email and any attachments are for the sole use of the intended recipient(s) and contain information that may be confidential and/or legally privileged.  If you have received this email in error, please notify the sender by reply email and delete the message.  Any disclosure, copying, distribution or use of this communication by someone other than the intended recipient is prohibited.

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End of Missoula-Community-News Digest, Vol 16, Issue 4
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