Credit crunch concept isn't new... just ask the Romans!

http://www.guardian.co.uk/business/2008/nov/28/credit-crunch-roman-republic-lecture

Cicero gave a speech that talks about credit crunch-type events that happened in 88 BCE!! Apparently, Rome had been in an expensive war with Mithridates of Pontus (now modern day Turkey) that wiped out the coffers and caused credit issues all the way back to Rome itself.

The orator told his audience: "Defend the republic from this danger and believe me when I tell you - what you see for yourselves - that this system of monies, which operates at Rome in the Forum, is bound up in, and is linked with, those Asian monies; the loss of one inevitably undermines the other and causes its collapse."

Gee, why am I having a deja-vu moment?

Simple pleasures: Chickpea soup

There's nothing like a hearty, hot soup on a blustery, cold day. A friend introduced me to this soup earlier this autumn, I find it to be delicious and comforting. My friend and I are both "cook-by-feel" kinda gals, so there is no official paper recipe per se. My attempts to reproduce it with the following proportions have been wonderfully successful, but if you are an experienced cook, you can easily "doctor" it to your own tastes.

Chickpea Soup

Saute the following in a dutch oven with a bit of olive oil or butter until the veggies are soft:
one medium onion, diced
two stalks of celery, chopped
two large carrots, sliced into half-inch chunks.

Add 4 cups of soup stock (I use stock I made from the thanksgiving turkey) and bring to a gentle boil
Add the following:
one 14 ounce can of diced tomatoes (don't drain!)
one can of chickpeas (I drain them and rinse them to get rid of the excess starch)
a couple of tablespoons of tomato paste
2 teaspoons of ground cumin (or amount to your taste)
1 teaspoon garum masala (or to taste)

Bring all of these to a boil, then simmer over low heat for an hour or so to let the flavours blend. You may need to add more water (I freeze my homemade soup stock in a rather concentrated form, so I usually have to add 3-4 cups of water).

Simple, easy and tasty, this soup warms from the inside out, is easily doubled, freezes well and is generally loved by anyone who tries it.

Yields 6-8 servings.

Payback: CBC Massey Lectures

I just had the pleasure of reading Margaret Atwood's latest book: "Payback: Debt and the Shadow Side of Wealth". It isn't yet another book about debt management or personal finance. It is, instead, a description of debt as "a human construct".... an academic, literary and sometimes very funny work that every person who reads books of a personal finance, economics, money management, and business genres.

CBC Radio One's show "Ideas" is running the 2008 CBC Massey Lectures. Ms. Atwood is giving these lectures. The five lectures align to the five chapters in the book, which has a large reference section.

Drippychick's view: worth the read and the listen.

For more information about the 2008 CBC Massey Lectures, go
here.

drip, drip....

The fall of dropping water wears away the stone -- Lucretius

This, too, shall pass...

Neatorama has a great article about some of the big financial crises in the American market in the past 100 or so years. We've weathered them in the past, we will weather them again.

Here's the link

Of charity and giving...

BigCajunMan at Canadian Personal Finance Blog posed a good question in today's entry: "What is giving? What is charity to you?"

To me, charity is as much about the gift of time as it is about the gift of dollars. Dollars are the easy part... write a cheque, sign up for auto deduction during the United Way drive or hand twenty bucks to the kids who come to the door looking for sponsorship for their team. The gift of time can be more difficult because it involves getting out there, actually putting hands and heart into action in ways that may be outside our current realm of experience.

Being between jobs is a great time to do some volunteer work, any volunteer work. If working with the Shepherds of Good Hope or The Mission or at one of the women's shelters isn’t within your comfort zone, how about checking out Habitat for Humanity, or one of the local theatre groups, or your local church or service club, or the local animal shelter, or at one of the museums, or Meals on Wheels. There are a bazillion ways to give back to the community, whether for a few hours one time only or for a few hours a week on and ongoing basis. Volunteer Ottawa (http://www.volunteerottawa.ca/vo-clean/) and Charity Village (http://www.charityvillage.com/applicant/volunteer.asp) are two of a number of places to look for a volunteer gig. It feels great to get involved.

I’ve discovered that my project management skills (which are part of, but not the main focus of my for-pay career) are even more valuable when volunteering in the arts and for non-profits than they are when working for pay in high-tech!!! When we work in high-tech, we take certain organizational and office skills necessary for that job for granted... many groups outside of high tech could definitely benefit from these skills. It has certainly been eye-opening for me to discover that something as simple (to me) as a powerpoint presentation can make a big positive impact on the communication channels within a group that doesn't use a lot of powerpoint.

Also, it feels great to come home after a day of volunteering with the satisfaction that you accomplished something for someone else.

And you never know what contacts you will make… you will be exposed to a different cross section of the population than you are currently accustomed to. This is good for the soul, great for the networking, and an interesting topic of discussion at future job interviews when asked how you spent your time “in between”. Sometimes, helping others results in helping yourself, too!

Sour grapes

Every Saturday I read the Financial Facelift column in the Toronto Globe And Mail. I read this column as a combination of a bit of education, entertainment and schadenfreude. This past weekend was no exception.

The article I'm talking about is here

Basically, its about a fairly well-to-do couple who had saved diligently, invested conservatively, amassed substantial wealth, but were concerned that the income that their combined pensions, investments and other sources brought in would not support the retirement lifestyle that they were accustomed to or wanted. They were looking for a professional opinion, and likely some assurances that what they have been doing financially is sound and sensible and will carry them through their retirement.

It was refreshing to see an article that was not a doom and gloom scenario. What surprised me (but perhaps shouldn't have) was the vitriole left by some readers in the comments. The couple basically has had their act together for years, but some of the commenters were griping because it wasn't a hard-luck story. Geez, guys!!! Get a grip!!! Everyone needs advice, reassurance and a second opinion now and then. Personally, I'm happy that the Globe and Mail chose to run this story, because it shows a breadth of possibility, not just the "we've messed up our finances and need help" scenario.

Here's a situation that should be common, but sadly isn't: Imagine if you had maxed out your RRSP in your year of your first job right after university, and did so every year until you were 50. If you invested sensibly during that time, you could have amassed on the order of half a million dollars or more. Would you still need advice on your finances? Possibly . Would you benefit from a second opinion? Likely. Would your story be a appropriate for the Financial Facelift column? Definitely. Should you be abused in print by those who were financially irresponsible, lazy or spendthrift? Definitely not.

The nasty comments by the article's detractors (i.e."boo f'**in hoo") say so much more about the commentors than anything else. To those detractors I say: Why don't you learn from the actions of others instead of being jerks? Sour grapes, dudes. Sour grapes.