Back in April, I had a business trip to London. Lauri came with me as her “bucket list” included High Tea at Kennsington Palace. In spite of the rain and being ringing wet, she enjoyed the Tea. One evening we went to see Phantom of the Opera and thoroughly enjoyed it. We tacked on a couple of days to visit the Cotswolds. We took the train from London Paddington to Bath. What a delightful trip – Bath, Stonehenge, Bourton-on-the-Water! The pictures below are of Bath.
The city was first established as a spa with the Latin name, Aquae Sulis ("the waters of Sulis") by the Romans sometime in the AD 60s about 20 years after they had arrived in Britain (AD43), although verbal tradition suggests that Bath was known before then.[3] They built baths and a temple on the surrounding hills of Bath in the valley of the River Avon around hot springs.[4]Edgar was crowned king of England at Bath Abbey in 973.[5] Much later, it became popular as a spa town during the Georgian era, which led to a major expansion that left a heritage of exemplary Georgian architecture crafted from Bath Stone.
At one time, the city collected taxes based on the number of fireplaces. When home owners refused to allow tax collectors to count, the city changed to windows – the windows tax. Of course, there was splitting of hairs … What constitutes a window – are two glass panes separated by 12 inches of stone one window or two. The answer is one. Therefore, you will see some windows “stoned up” and others moved closer together. Look for the “Window Tax” photo.
Great place to visit! (future pictures to include Stonehenge and Bourton-on-the-Water)
Micro vs. macro framing – The Obama campaign and its allies will focus on micro-issues, telling horror stories of cuts to specific popular government programs. This dovetails with their constituency-based messaging so far. The Romney-Ryan campaign should try to zoom out and highlight (1) the macro effects of the unsustainable current/Obama spending path and (2) the irresponsibility of President Obama’s refusal to propose a long-term fiscal solution and his legislative party’s refusal to pass a budget. Team Obama will highlight the pain the Ryan budget would cause to targeted constituencies. Team Romney-Ryan needs to explain that the Obama budget and a failure to govern would lead to economic disaster for everyone.
Bogus spending cut numbers – Every “cut program X by Y%” quote about the Ryan budget will be relative to an unsustainable spending path. The irresponsible part isn’t the proposed spending cut, it’s the promise to keep spending growth going without specifying how you’ll pay for it. If President Obama were proposing tax increases to match his future spending growth, then this would be a fair attack. But he is not.
Don’t forget the facts. In March I compared the deficit and debt effects of President Obama’s budget proposal with Chairman Ryan’s in both the short and long run. Here are the conclusions from those posts.
In the short run the Ryan budget proposes lower deficits and less debt than President Obama’s budget.
Under the Ryan budget debt would peak at 77.6% of the economy in 2014. Under the President’s budget, debt would peak at 80.4% of the economy in that same year.
The Ryan budget would cause debt to steadily decline to 62.3% of GDP by the end of the decade. Under the Obama budget debt would flatten out by 2018 and end the decade at 76.3% of GDP, 14 percentage points higher than under the Ryan budget.
At the end of 10 years, debt would be declining relative to the economy under the Ryan budget, while it would be flat under the President’s budget.
For comparison the pre-crisis (1960-2007) average debt/GDP was 36.3%.
Chairman Ryan proposes stable deficits of a bit over 1% of GDP, below the historic average deficit, followed by a gradual path to balance and eventually to surplus.
President Obama’s budget would result in deficits that are always greater than the historic average, and that would cause debt/GDP to increase again beginning about 10 years from now.
President Obama’s proposed deficit path is unsustainable. Our economy can tolerate high and even very high deficits for a short time. High and steadily rising deficits like those in the President’s budget cannot be sustained. Something in the economy will break.
Chairman Ryan’s plan would result in debt/GDP steadily declining over time. It would take decades to return to a pre-crisis average.
President Obama’s plan would result in debt/GDP stabilizing by the end of this decade, then growing steadily and forever thereafter. At some point, and no one knows when, that growing debt becomes unsustainable. If we’re lucky the resulting economic decline is gradual. If not, we have a financial crisis.
What we have been living through is a breakdown of the great American jobs machine. Jobs have long been the best social program, the best economic program, and the best family program in America. No longer. The jobs are not there. Unemployment today is the worst since the Great Depression….
Our last stop on our Spanish tour was Sevilla, Spain. We packed up early Thursday morning and took the fast train down to Sevilla – about a 3 hour ride. Weather was ok … on Friday evening, we took the train back to Madrid to fly back to the States. Me to work and Lauri to play with the granddaughter – Camryn.
Seville is the capital of the autonomous community of Andalusia and the province of Seville, Spain. It is situated on the plain of the River Guadalquivir, with an average elevation of 7 metres (23 ft) above sea level. The inhabitants of the city are known as sevillanos (feminine form: sevillanas) or hispalenses, following the Roman name of the city, Hispalis.
Seville is the fourth largest city of Spain with a municipal population of about 703,000 as of 2011, and a metropolitan population (including satellite towns) of about 1.2 million, making it the 31st most populous municipality in the European Union. Its Old Town is one of the three largest in Europe along with Venice and Genoa (covering almost four square kilometers), which includes three UNESCO World Heritage Sites (the Alcázar palace complex, the Cathedral and the General Archive of the Indies). The Seville harbor, located about 80 km from the Atlantic Ocean, is the only river port in Spain. The Torre del Oro (Tower of Gold) next to the Guadalquivir
Seville was founded as the Roman city of Hispalis. In al-Andalus (Muslim Spain) the city was first the seat of a cora, or territory, of the Caliphate of Córdoba, then made capital of the Taifa, which was incorporated into the Christian Kingdom of Castile under Ferdinand III. After the discovery of the Americas, Seville became one of the economic centres of the Spanish Empire as its port monopolised the trans-oceanic trade and the Casa de Contratación (House of Trade) wielded its power, opening a Golden Age of arts and letters. It was the place of departure of the first circumnavigation of the Earth. Coinciding with the Baroque period of European history, the 17th century in Seville represented the most brilliant flowering of the city's culture; then began a gradual economic and demographic decline as navigation of the Guadalquivir River became increasingly difficult until finally the trade monopoly and its institutions were transferred to Cádiz.
The Cathedral of Saint Mary of the See (Spanish: Catedral de Santa María de la Sede), better known as Seville Cathedral, is a Roman Catholic cathedral in Seville (Andalusia, Spain). It is the largest Gothic cathedral and the third-largest church in the world. After its completion in the early 16th century, Seville Cathedral supplanted Hagia Sophia as the largest cathedral in the world, a title the Byzantine church had held for nearly a thousand years. The cathedral also serves as the burial site of Christopher Columbus.[2] The Archbishop's Palace is located on the northeastern side of the cathedral. The cathedral was built to demonstrate Seville's wealth, as it had become a major trading center in the years after the Reconquista in 1248. In July 1401 it was decided to build a new temple, as the ancient Muslim mosque was in bad shape after a 1356 earthquake. According to the oral tradition of Seville, the decision of members of the chapter was: "Let a church so beautiful and so great that those who see it built will think we were mad". According to the minutes of that day, the new church should be: "a work such as good, which like no other." Construction began in 1402; it continued until 1506. Church workers gave half their salaries to pay for architects, builders and other expenses. Five years after construction ended, in 1511, the dome collapsed and work on the cathedral re-commenced. The dome again collapsed in 1888, and work was still being performed on the dome until at least 1903.[3] The 1888 collapse occurred due to an earthquake and resulted in the destruction of "every precious object below" the dome at that time. The interior has the longest nave in Spain. Its central nave rises to a height of 42 metres and is lavishly decorated, with a large quantity of gold evident. In the main body of the cathedral, only the great boxlike structure of the choir stands out, filling the central portion of the nave. It is also dominated by a vast Gothic retablo of carved scenes from the life of Christ. The altarpiece was the lifetime work of a single craftsman, Pierre Dancart.
Continuing our Spain trip, we took a day trip to Toledo.
Toledo (pronounced: [toˈleðo];) is a municipality located in central Spain, 70 km (40miles) south of Madrid. It is the capital of the province of Toledo. It is also the capital of autonomous community of Castile–La Mancha. It was declared a World Heritage Site by UNESCO in 1986 for its extensive cultural and monumental heritage as one of the former capitals of the Spanish Empire and place of coexistence of Christian, Jewish and Muslim cultures, as well as the place where harsh religious persecutions were held against the Jews by the Visigoths.
Many famous people and artists were born or lived in Toledo, including Al-Zarqali, Garcilaso de la Vega, Eleanor of Toledo, Alfonso X and El Greco. It was also the place of important historic events such as the Visigothic Councils of Toledo. As of 2010, the city has a population of 82,489 and an area of 232.1 km2 (89.6 sq mi).
The old city is located on a mountaintop with a 150 degree view, surrounded on three sides by a bend in the Tagus River, and contains many historical sites, including the Alcázar, the cathedral (the primate church of Spain), and the Zocodover, a central market place.
From the 4th century to the 16th century about thirty synods were held at Toledo. The earliest, directed against Priscillian, assembled in 400. At the synod of 589 the Visigothic King Reccared declared his conversion from Arianism; the synod of 633 decreed uniformity of liturgy throughout the Visigothic kingdom and took stringent measures against baptized Jews who had relapsed into their former faith. Other councils forbade circumcision, Jewish rites and observance of the Sabbath and festivals. Throughout the seventh century, Jews were flogged, executed, had their property confiscated, were subjected to ruinous taxes, forbidden to trade and, at times, dragged to the baptismal font.[7] The council of 681 assured to the archbishop of Toledo the primacy of Spain. At Guadamur, very close to Toledo, was dug in 1858 the Treasure of Guarrazar, the best example of Visigothic art in Spain.
As nearly one hundred early canons of Toledo found a place in the Decretum Gratiani, they exerted an important influence on the development of ecclesiastical law. The synod of 1565–1566 concerned itself with the execution of the decrees of the Council of Trent; and the last council held at Toledo, 1582–1583, was guided in detail by Philip II.
Toledo was famed for religious tolerance and had large communities of Muslims and Jews until they were expelled from Spain in 1492 (Jews) and 1502 (Muslims). Today's city contains the religious monuments the Synagogue of Santa María la Blanca, the Synagogue of El Transito, Mosque of Cristo de la Luz and the church of San Sebastián dating from before the expulsion, still maintained in good condition. Among Ladino-speaking Sephardi Jews, in their various diasporas, the family name Toledano is still prevalent—indicating an ancestry traced back to this city (the name is also attested among non-Jews in various Spanish-speaking countries).
In the 13th century, Toledo was a major cultural center under the guidance of Alfonso X, called "El Sabio" ("the Wise") for his love of learning. The Toledo School of Translators, that had commenced under Archbishop Raymond of Toledo, continued to bring vast stores of knowledge to Europe by rendering great academic and philosophical works in Arabic into Latin. The Palacio de Galiana, built in the Mudéjar style, is one of the monuments that remain from that period.
The Cathedral of Toledo (Catedral de Toledo) was built between 1226–1493 and modeled after the Bourges Cathedral, though it also combines some characteristics of the Mudéjar style. It is remarkable for its incorporation of light and features the Baroque altar called El Transparente, several stories high, with fantastic figures of stucco, paintings, bronze castings, and multiple colors of marble, a masterpiece of medieval mixed media by Narciso Tomé topped by the daily effect for just a few minutes of a shaft of light from which this feature of the cathedral derives its name. Two notable bridges secured access to Toledo across the Tajo, the Alcántara bridge and the later built San Martín bridge.
The Monasterio de San Juan de los Reyes is a Franciscan monastery, built 1477-1504, in a remarkable combination of Gothic-Spanish-Flemish style with Mudéjar ornamentation.
Toledo was home to El Greco for the latter part of his life, and is the subject of some of his most famous paintings, including The Burial of the Count of Orgaz, exhibited in the Church of Santo Tomé.
When Philip II moved the royal court from Toledo to Madrid in 1561, the old city went into a slow decline from which it never recovered.
(from a US standpoint, remember that only half the population pays income taxes …)
Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes, it would go something like this The first four men (the poorest) would pay nothing. The fifth would pay £1. The sixth would pay £3. The seventh would pay £7. The eighth would pay £12. The ninth would pay £18. And the tenth man (the richest) would pay £59. So, that's what they decided to do. The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem.
"Since you are all such good customers," he said, "I'm going to reduce the cost of your weekly beer by £20.”
Drinks for the ten men would now cost just £80 The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free but what about the other six men? The paying customers? How could they divide the £20 windfall so that everyone would get his fair share? They realised that £20 divided by six is £3.33 but if they subtracted that from everybody's share then not only would the first four men still be drinking for free but the fifth and sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fairer to reduce each man's bill by a higher percentage.
They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts he suggested that each should now pay. And so, the fifth man, like the first four, now paid nothing (a 100% saving). The sixth man now paid £2 instead of £3 (a 33% saving). The seventh man now paid £5 instead of £7 (a 28% saving). The eighth man now paid £9 instead of £12 (a 25% saving). The ninth man now paid £14 instead of £18 (a 22% saving). And the tenth man now paid £49 instead of £59 (a 16% saving). Each of the last six was better off than before with the first four continuing to drink for free. But, once outside the bar, the men began to compare their savings. "I only got £1 out of the £20 saving," declared the sixth man. He pointed to the tenth man, "but he got £10"
"Yes, that's right," exclaimed the fifth man . "I only saved £1 too. It's unfair that he got ten times more benefit than me. "That's true" shouted the seventh man. "Why should he get £10 back, when I only got £2? The wealthy get all the breaks". "Wait a minute," yelled the first four men in unison, "we didn't get anything at all. This new tax system exploits the poor"
The nine men surrounded the tenth and beat him up. The next week the tenth man didn't show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important - they didn't have enough money between all of them to pay for even half of the bill. And that, boys and girls, journalists and government ministers, is how our tax system works.
The people who already pay the highest taxes will naturally get the most benefit from a tax reduction.
Tax them too much, attack them for being wealthy and they just might not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D.Professor of Economics. For those who understand, no explanation is needed. For those who do not understand, no explanation is possible
The Palacio Real de Madrid (The Royal Palace of Madrid) is the official residence of the Spanish Royal Family in the city of Madrid, but it is only used for state ceremonies. King Juan Carlos and the Royal Family do not reside in the palace, choosing instead the more modest Palacio de la Zarzuela on the outskirts of Madrid. The palace is owned by the Spanish State and administered by the Patrimonio Nacional, a public agency of the Ministry of the Presidency. The palace is located on Calle de Bailén (Bailén Street), in the Western part of downtown Madrid, East of the Manzanares River, and is accessible from the Ópera metro station. The palace is partially open to public, except when it is being used for official business.
In Spanish it is sometimes incorrectly called "Palacio de Oriente" by confusion with the "Plaza de Oriente", the square which is on the East (Oriental) side of the palace.
The palace is on the site of a 9th-century fortress, called mayrit, constructed as an outpost by Muhammad I of Córdoba and inherited after 1036 by the independent MoorishTaifa of Toledo. After Madrid fell to Alfonso VI of Castile in 1085, the edifice was only rarely used by the kings of Castile. In 1329, King Alfonso XI of Castile convoked the cortes of Madrid for the first time. Philip II moved his court to Madrid in 1561.
The last monarch who lived continuously in the palace was Alfonso XIII, although Manuel Azaña, president of the Second Republic, also inhabited on it, making him the last head of state to do so. During that period the palace was known as "Palacio Nacional". There is still a room next to the Real Capilla, which is known by the name "Office of Azaña".
The palace has 135,000 square metres (1,450,000 sq ft) of floorspace and contains 2800 rooms.[3][4]It is the largest palace in Europe by floor area. The interior of the palace is notable for its wealth of art, in regards to the use of all kinds of fine materials in its construction and the decoration of its rooms with artwork of all kinds, including paintings by artists such as Caravaggio, Velázquez and Francisco de Goya and frescoes by Corrado Giaquinto, Giovanni Battista Tiepolo and Anton Raphael Mengs. Other collections of great historical and artistic importance that are preserved in the building are the Royal Armoury, Porcelain, Watches, Furniture and Silverware.
The Museo del Prado is the main Spanish national art museum, located in central Madrid. It features one of the world's finest collections of European art, from the 12th century to the early 19th century, based on the former Spanish Royal Collection, and unquestionably the best single collection of Spanish art. Founded as a museum of paintings and sculpture, it also contains important collections of other types of works. A new, recently opened wing enlarged the display area by about 400 paintings, and it is currently used mainly for temporary expositions. El Prado is one of the most visited sites in the world, and it is considered to be among the greatest museums of art. The large numbers of works by Velázquez and Francisco de Goya (the artist more extensively represented in the collection), Titian, Rubens and Bosch are among the highlights of the collection.
The collection currently comprises around 7,600 paintings, 1,000 sculptures, 4,800 prints and 8,200 drawings, in addition to a large number of other works of art and historic documents. By 2012 the Museum will be displaying about 1300 works in the main buildings, while around 3,100 works are on temporary loan to various museums and official institutions. The remainder are in storage.[3]
The best-known work on display at the museum is Las Meninas by Velázquez. Velázquez not only provided the Prado with his own works, but his keen eye and sensibility was also responsible for bringing much of the museum's fine collection of Italian masters to Spain.
The Buen Retiro Park (Jardines del Buen Retiro or Parque del Buen Retiro, literally "Gardens" or "Park of the Pleasant Retreat," or simply El Retiro) is the one of the largest parks of the city of Madrid, Spain. The park belonged to the Spanish Monarchy until the late 19th century, when it became a public park.
The Buen Retiro Park is a large and popular 1.4 km2 (350 acres) park at the edge of the city center, very close to the Puerta de Alcalá and not far from the Prado Museum. A magnificent park, filled with beautiful sculpture and monuments, galleries, a peaceful lake and host to a variety of events, it is one of Madrid's premier attractions. The park is entirely surrounded by the present-day city.
