Arizona

Obama won the last presidential election, but Latinos are facing the political backlash from conservative whites, who see, more clearly than ever, that their days are numbered as the ethnic majority in this country.  That’s one conclusion I can draw from recent news and events.  I am felled by an awful spring flu, with a fever and an achy body and a nose that gushes as if it were the well of the Deepwater Horizon. But this is too important a day to be a bystander.

Arizona’s new law, SB1070, has been given an acceptable façade with the argument that it’s only against illegal immigrants and that it won’t result in racial profiling.  But what is ‘reasonable suspicion’ that someone is an illegal immigrant?  What does an illegal immigrant look like?  Like John McCain?  Sarah Palin?

It’s a law that the rogue cop who already hates all things Mexican, illegal or not, will easily abuse to jail a poor mother and father who don’t happen to be carrying their birth certificates in their back pockets.  I suspect that even if American Latinos have their birth certificates when they sleep, that the Arizona birthers will assume these documents are fraudulent.  They simply don’t like Mexicans, whether they are here illegally or not.

I conclude this not because I am paranoid, or because I see every political issue through an ethnic or racial lens.  I do not.  Read my blog, witness my marriage, see how I raise my children, examine my voting record.  What you will see, I hope, is a person who was given great opportunities in this country, who is conservative on some issues and liberal on others, who is proud of his Mexican heritage, yet still criticizes and tries to change practices within our community to make it more successful, more powerful, more open-minded.

But when I see that yesterday the Arizona state legislature also passed a bill that “prohibits a school district or charter school from including in its program of instruction any courses or classes that promote the overthrow of the United States government, promote resentment toward a race or class of people, are designed primarily for pupils of a particular ethnic group, advocate ethnic solidarity instead of the treatment of pupils as individuals,” I know that this legislative majority in Arizona does not like Mexican-Americans.  Imagine, a Mexican-American studies program in Arizona is being compared to treason.  What kind of mentality makes that irrational link?  The Arizona Department of Education is also trying to fire teachers with accents who teach English classes.  What is happening in this crazy state?  This weekend, the ‘education’ bill is awaiting the governor’s signature.

So I don’t draw my tough conclusions on anything but the evidence of idiocy that are the actions of the Arizona state legislature.  I can only wait for those legislative Caesars in Texas to also take up racist and xenophobic causes, or Oklahoma and Alabama.  Are we about to start a new Confederacy in the South?  What happened to giving opportunity to new strangers to this country, to helping them become Americans, which they so desperately want?  What happened to being open-minded about someone who doesn’t look like you, who doesn’t sound like you?

For Latinos, we must organize.  We must protest.  We must register to vote in huge numbers, and then vote with our neighbors and friends at the ballot box.  We must get involved in politics locally, seek alliances with those who will help us.  We should never stay silent, and allow others to do the work of fighting for causes we care about.  That’s what this country is about: getting involved, gaining our voice, getting a chance to fulfill our highest potential.  These days should prompt a new grito for freedom, respect, and self-determination.

Financial Chess

Tomorrow I will make another financial chess move.  We are refinancing the mortgage on our house, to a super-low interest rate, at a shorter term. We close on the deal in the morning.  My father often criticizes me for “always worrying about money,” but discovering a financial advantage and having the guts to take advantage of it have been the ways in which I have gained my economic freedom.

During the nadir of the financial meltdown in March 2009, I was smart enough not to panic, even though I worried about my investments and what my wife and I had achieved, in stock gains, over many years.  As the market came back over the past year, I vowed to take into account that worry.  I sold stock, and Laura and I decided to use those gains to pay down our mortgage and so shorten the years of our mortgage debt.

When I was younger, I had almost 100 percent of my investment money in stocks, stock mutual funds, and only an emergency fund in bonds.  As I have gotten older, and with the experience of 2009 fresh in my mind, I have realized I want to preserve more of what I have, and not to focus only on growing it.  So I adapted.  Adapt or die, I say, to any would-be investor.

Yet the bonds I have purchased have been on the short-end of the yield curve, because I expect interest rates to go up.  They can hardly go down any further, so the best bet is that they will either stay stable for a while, or go up.  When interest rates go up, the prices of bonds go down: an inverse relationship.  So any bond that is long-term (i.e. greater than ten years) will be hurt more by a one percentage increase in interest rates, than a bond that is short-term (less than three years, or just one year).

Another financial chess move I have made over the past three years is to increase my foreign stock allocation.  When I teach an investment analysis course, I always give my class the current total stock market capitalization of the world, and what portion belongs to the United States.  Since the 1970s, the American share of world stock market capitalization has declined.  The world outside the U.S. is growing faster than the U.S.  Brazil, India, China, and South Korea are great growth stories.

Even individual American companies I purchase for my portfolio I examine in light of their foreign revenues: companies with their eyes on foreign markets will simply have less of their eggs in one (domestic) basket.  If you think our budget and trade deficits will have a negative effect on the dollar (I do), then you will benefit by having companies earning their revenues in Euros, Yuan, Won, and Yen.

I also expect taxes to go up.  Why?  We have these gigantic deficits and lack the political will to tackle spending on entitlements and the military nationally, and on state and city government budgets and bureaucracies locally.  I blame both Republicans and Democrats for this situation, and think they will come together when they are forced to come together.  Crony capitalism on Wall Street and dysfunctional politics in Washington have left us in a mess, but I don’t think it’s the end of the world.  I believe the Tea Party activists are overstating their case.  I see reported profits for S&P 500 companies higher than expected, and perhaps there is a chance we can grow out of this deficit hole.

Right now I would vote for Obama again.  Why?  He has been pragmatic when faced with the economic cleanup of the Bush mess.  Obama has forced consumer protections on credit-card companies and is actually regulating, as the government should, the practices of financial institutions which drove the American economy into a ditch.  The laissez-faire, I’m-a-deregulator philosophy of Bush allowed the powerful to take advantage of the weak and uninformed, and the well-connected to seek a public bailout when their crazy risks exploded in their faces.  And ours.  We can’t let that happen again.

Returning the Blood to Words

At almost every AWP Conference (Association of Writers and Writing Programs) there is a moment, a panel, a writer who reminds you of why you became a writer in the first place.  The annual conference is in Denver this year, and Martín Espada, the master poet, was the man for me this year.  Last year it was Marie Ponsot.

Espada: “Writers should return the blood to words.”

Espada said so many things on his panel, “Justice, Community, and the Republic of Poetry,” with Tara Betts and David Mura.  But that sentence encapsulates his ideas about writers fighting the deadness of language used by politicians and even the deadness of perspective given our busy and often compromised lives.

Espada read and sang in a way only poets do, to uplift the literary sprits, to call us to the social mission of writing, to dethrone the accepted, to criticize the unjust, to delve roughly and humorously into ourselves too, lest we forget that not only is the world the issue, but also the self.

Years ago I had a similar reaction the first time I heard Curbstone’s Alexander Taylor speak at the Hudson Valley Writers’ Center.  Sandy, who died in December of 2007, may he rest in peace, invigorated me and gave me purpose.  I write to change the world, to prod myself, to seek answers to questions often unasked, to lead the good life as Aristotle may have envisioned, which is hard and unrelenting.  And I try to do this with good stories that engage the reader.  Philosophy in literature, some have called it.  So hearing Sandy, just like hearing Martín, captured my soul.

I dropped everything, even the panels I am missing as I type this, to write this entry.  This is what great writers do: they cause you to act.  They don’t just entertain you (although they have to do that if they are storytellers), but they prompt you to do, to change your perspective, to ask yourself tough questions, to believe in a just republic and imagine the impossible.

Martín Espada and Sandy Taylor were great friends.  I also remember hearing Martín speak about reading poetry to Sandy as he lay in the hospital during his final hours.  I knew Sandy, since I had been briefly on the Curbstone Board.  But I do not know Martín except from afar.  I am lucky to have paid attention to their words.

I have been pondering why it is that poets, recently, have been the ones inspiring me.  It is their exceptional use of language, and their thinking beyond the norm and the staid.  This poetic thinking I believe is deeply philosophical.  These writers seem to pose the question of ‘seeing’ without assuming what it means, or what it has meant, or what it can mean.  ‘Seeing’ for these poets is a new act with every poem.

During breaks, I am finishing Walt Whitman’s “Leaves of Grass,” and have already received recommendations from poet-friends on what to read next.  It has been a great conference so far.  But now I need the solitude and quiet that beckon me even in a crowd.

The Loss of Juárez

I am back in El Paso with Laura and the kids, having just been in El Paso two weeks ago for the Juntos Art and Literature Festival.  The kids have spring break at their schools, and we needed a break from New York City.

We visited the Centennial Museum at UTEP, which was closed for César Chávez Day, but the Chihuahuan Desert Garden, around the museum, was open.  We spent a leisurely hour or so marveling at the variety of cacti, giant carpenter bees, and yellow-and-black butterflies of the garden.  The peace of the garden’s nooks, El Fortin, and other hideouts amid the flowers and sun refreshed us unlike anything in recent memory.

But as we drove back to Ysleta on the Border Highway a sense of sadness overtook me.  My kids, for two years, have been clamoring to go to Mexico.  My wife and I have said no, because of the rampant violence in Juárez.  Today we settled for stopping on the shoulder of the freeway, just after the Bridge of the Americas and on top of the Yarbrough overpass, for pictures of Mexico and the infamous border fence my children have studied in school.

The violence and the wall have separated us; it is no compensation to look at Juárez from afar; I wish my children could know the Juárez I knew as child.  But I will never willingly put them in harm’s way.

What others who have not lived on the border may not understand is how close El Paso and Juárez were and are even today.  Close culturally.  Many with families in both cities.  Close in so many ways.  When I was in high school in El Paso, my family always --and I mean every Sunday-- had a family dinner in Juárez at one of my parents' favorite restaurants: Villa Del Mar, La Fogata, La Central, Tortas Nico, and Taqueria La Pila.

It was going back in time, to the city where my father and mother met and were married.  But it was also to experience another set of rules and values, to a mysterious country with more bookstores than I ever saw in El Paso, to tortas and open-air mercados, to primos who would drop everything to show me their horses, and even to my first funeral- the open casket is still vivid in my mind.  A young boy, the son of a friend of my parents, had been run over by a car.  Juárez for me was primal and vivid; it was my history.  I thought I understood it instinctually, even spiritually, and that’s just when it baffled me the most.  After graduating from Harvard, I spent a year in Mexico City to get my fill of this labyrinth of a country.

On Monday just before we came to El Paso, I was trying to explain this to friends in Boston, at a Passover seder.  How Juárez was closer to El Paso, than New York City was to New Jersey.  How people went to lunch in Juárez and were able to return to the United States in a couple of hours.  How we used to go to Waterfil over the Zaragoza International Bridge (on the outskirts of Juárez) for Easter picnics, clinking cases of sodas, or groceries we couldn’t find in Ysleta.  Yes, it was that close, in the most trivial and profound ways, and we took it for granted.

Two years ago that world changed.  Two years ago an unprecedented orgy of drug violence exploded in Juárez.  Two years ago we lost Juárez, as a place to show our kids where their abuelitos came from, and in so many other ways.  It is a deeply felt loss for many of us in El Paso.

I am tired of pointing out that the voracious drug habits of the United States and the millions of dollars of American guns illegally exported to Mexico are root causes of the drug violence.  Not to mention a corrupt local police force in Mexico, and an ineffective national government.  For the moment, the hypocrisy, the idiocy, and the cheapness of life are too much to bear.

I just miss Juárez.  It was never a joke for me, as it was for some of my Anglo friends and not a few of my Chicano friends from El Paso.  It was a portal to another world that felt at once deeply familiar and strangely fascinating.  When will this nightmare end?

The Texas Board of Ignorance

I left Texas to educate myself.  At Harvard College, one of my greatest shocks was how little I knew about my heritage and Mexican history.  I was born and lived in Ysleta, less than half a mile from the Zaragoza International Bridge, yet I knew nothing about where I was from.  So I spent four years at Harvard College studying Latin America with visionary teachers like Peter Smith and Terry Karl; I learned Mexican history from John Womack.


I imagined one day life would be different for a young and eager high school student from Ysleta, one who was proud to be an American citizen yet who also wanted to know more about his roots.  But the recent vote on textbook standards from the Texas Board of Education shows that Texas is going backward, not forward.  Close-mindedness is winning.  Ignorance is trumpeted.  Isolation and indoctrination are the new watchwords for those afraid of a changing world.

To recap: last week, the Texas Board of Education, led by a conservative majority, voted to call into question concepts like the separation of church and state and the American Revolution as a secular revolt.  The majority voted to emphasize the political contributions of Phyllis Schlafly, while minimizing Thomas Jefferson, apparently too democratic for their tastes.  In fact, the United States, according to these conservative activists, should not be studied as a ‘democracy’ anymore, but as a ‘constitutionally-based republic.’  Guess who decides what’s in the Constitution?  Previously this conservative majority had attacked the historical contributions of César Chávez and Thurgood Marshall.

This is what happens when people hunker down.  When your state is becoming too Mexican-American and African-American, when you feel you are being left behind, when perhaps you see the day when you will not be the majority anymore, then you retrench and attempt to rewrite history.  But what happened to thinking?  What happened to understanding that many Latinos, including my mother, hold deeply conservative values, yet simply do not want to be mistreated or disrespected?  What happened to studying the fact that the Constitution counted a slave as two-thirds of a person, while also being a unique founding document that created checks and balances between branches of government to control their powers?  Why can’t we study the failures of our history as well as our triumphs, and still appreciate that we live in a great country?

One conservative board member, in an interview, said the majority’s vote was “the return of American exceptionalism.”  But sadly, the conservative vote of the Texas Board of Education shows exactly the opposite.  The United States was an exceptional, historically unique country because it was pluralistic, because you had freedom of speech and freedom from a state-imposed religion, because unlike hierarchical Europe you could achieve whatever you wanted to achieve regardless of class, religion, and then later, race.  We have always been a work-in-progress; that's the root of our greatness.

The United States remains exceptional as long as we correct our mistakes, as long as we keep confronting our problems head on.  That’s what a democracy does, at least when it functions well.  The problems get aired out, confronted, and eventually fixed more or less.

But when you trumpet some weirdly nostalgic ‘America’ that never existed, without the messy conflicts, without the democratic debates, without the will of the people manifesting itself through blood and protest, what you are holding high is an ‘American absolutism.’  You are saying, in effect, stop thinking.  Stop including the newcomers, like Latinos, and stop turning them into Americans.  You are saying stop the potpourri of religions now in America; let’s all be Christians.

You are saying, without saying it, that we are not confident anymore.  We are not pluralistic anymore.  We must close shop.  We must bar the doors.  This scary new world is too much.  Let’s teach our children to hide.

The only saving grace is that I learned about the vote of the Texas Board of Education in El Paso.  At least El Paso is barely part of Texas.  I don’t have to explain myself in El Paso, and I don’t have to endure suspicious stares or seemingly polite comments about my accent in Ysleta.  As Texas becomes more like El Paso, maybe one of these days, before I die, I will feel at home in the rest of Texas too.

Viejitos

I have really excellent parents.  The only problem is that they drive a new Toyota Camry, and I’m worried it will be a death trap for them.  Of course, I had them take it to the dealer, and the dealer in El Paso said their car wasn’t part of the recall.  But do I trust the dealer or Toyota?  Didn’t I just see a report of a runaway Toyota (which had been given a clean bill of health by a dealer) that had to be stopped with the help of a California highway patrolman?  The driver was so shaken up by the near catastrophe that he needed an ambulance.  I can only imagine what would happen to my elderly parents in that situation.

As our parents grow older, we worry more about them.  My father and mother are both 75-years-old.  My father Rodolfo, who has diabetes, can’t walk more than ten feet without needing to sit down or to lean on his wheeled walker.  He is still ‘there’ mentally, but his body is betraying him.  My mother Bertha has become the boss of the family, and has always possessed an incredible memory.  She is the one who drives, buys the groceries, and keeps my father’s doctor appointments, with him in tow.  Without her, I don’t know what we would do.

Luckily, my brothers live in El Paso, and so they help my parents whenever there is a true emergency.  But in reality, my parents love to be self-sufficient, are beyond intrepid, and will only ask for help as a last resort.  Having unlimited long distance on my home phone helps me keep in touch with my parents.  I am the one who alerted them to the Toyota recall during its initial weeks, who told them to get their H1N1 shots, and who helped them with their taxes.  I also invest their savings (extremely conservatively, given my parents’ preferences).

It is possible I am just bothering them, when I call them once a week.  Perhaps they would have gotten their flu shots anyway.  But I do have lengthy conversations with them about all sorts of topics, which I think sometimes changes their outlook, decisions, or practices.  It is not out of guilt that I call them, and it is not because I believe my way on such-and-such a topic is the only way.  I have a brother who generally listens to me financially, and another one who does not.  (I won’t mention who’s who.)

But this ‘family exchange of information,’ I believe, is the root of good neighborhoods and the root of strengthening communities to do better for themselves.  I think we, particularly Latinos, should do more of it.  I hear on the Upper Westside, mothers and fathers having conversations about which schools are better and why, what scholarships are available, what’s a good summer camp for kids and why, what’s a reliable money market fund, what’s the best kind of mortgage and with which bank,  and so on.

There is probably always a tendency to go it alone, to stay within yourself, to provide for your family, and not to waste time giving advice to others who might not do the same for you.  It’s true: I don’t have all the time in the world, and I’m often in a hurry with six tasks on my to-do-list for the morning.  But if I can help, if someone asks me, and if that day I can offer a practical suggestion, I’ll do it.  I’m certainly more likely to help a friend than a stranger.  And I’m certainly more likely to help someone who I think is a good character, rather than someone who seems to smile at me only when he or she wants something.

So from faraway I try to be a good son.  I simply want my parents to be safe and happy.  Today this is what my excellent parents did for me.  My publisher sent hundreds of flyers to my house, for a reading I’ll be doing in El Paso on Friday.  I won’t be arriving until late Thursday night, so my father and mother volunteered to take the package of flyers to downtown El Paso, to the El Paso Public Library, where they will be distributed by those running the Juntos Art and Literature Festival.

Of course, my parents drove to the other side of town in their Toyota Camry.  Of course, my mother found parking (miracles of miracles!) in the heavily congested area around the library.  Of course, I worried every single minute.  Until she called me on the phone (as they dodged traffic on I-10 on the way back to Ysleta!) and said the lady who picked up the flyers was very nice to them.  I need to tell them about the El Paso City Council's new ban on using cell phones while driving.

228 Miles

Tonight I drove 228 miles, from Lawrence, MA to New York City, through a monsoon for the first 194 miles, and after Greenwich, CT through a snow hurricane that still roars outside my apartment window at midnight.

It was the most treacherous driving I have done for a while; I witnessed the aftermath of at least six accidents.  On the Merritt Parkway, where on a normal night most ignore the 55-mph speed limit and cruise at 70-plus, every inch of the road surface glistened, the lane lines were invisible, and cars were sliding and hydroplaning even at 40 mph.  It was tense, let’s just say, for four and a half hours.

I was in Lawrence this morning to give the Daniel Appleton White Fund Lecture, created in 1852 by Judge White, who was a contemporary of Hawthorne and Emerson.  Judge White, whose memoir I discovered through Google Books, was the first president of the Salem Lyceum, and an advocate of democratizing knowledge through public lectures and discussions.

In the memoir, I noticed how open-minded he was, and truly, far-sighted: he believed deeply in his Protestant faith, yet castigated fellow Protestants who instead of possessing a culture of openness and inquiry were of an “opposite spirit” who “judging, censuring, avoiding, and reviling one another” undermined the right of others to be more, or even less devout, than them.  He admired the Puritan immigrants and their search for religious freedom in the new world.  Of course, in the spirit of Judge White, I talked about how Latinos can develop their voice and become full-fledged participants with cultural and political power in our American experiment.

The trip was worth every treacherous mile.  Before the lecture, I conducted a workshop with ESL students at Northern Essex Community College.  The stories the students told me about their lives as Dominicanos in Massachusetts, or immigrants from China and Bangladesh, were hilarious and poignant.  We talked about how we have often been put down for having accents, or why even family members or neighbors might make fun of our dreams to educate ourselves.

We exchanged stories about how to find the right mentors, how to focus on yourself even when the world is hostile, and how to build that sense of self-esteem that keeps you focused on your goals.  I took apart their oral stories, and showed them how naturally they were already excellent storytellers who could make an entire room break down with laughter.  I pointed out the plot climax they so easily crafted and the true-to-life dialogue they inserted into their stories about encounters with police and immigration officials.  The lecture was a great experience, but talking to these students, from twenty- to sixty-years-old, was the highlight of my trip.  They have so much to say, and they do indeed have great teachers in Lawrence helping them say it.

I like an exchange with the audience as much as I like giving a speech to focus on complex points about culture, philosophy, or how I survived throughout the years.  I learn as much from my audience as I feel they learn from me.  These trips, like the trip to Lawrence, energize you and make you believe again that storytelling can make an essential difference in creating a better self, inspiring group self-reflection, and building a community out of individuals.

Camino del Sol

This week a pleasant surprise was dropped into my mailbox: my contributor’s copy of the new anthology, Camino del Sol: Fifteen Years of Latina and Latino Writing, edited by Rigoberto González and published by the University of Arizona Press.  This is a masterful collection of contemporary writing, and I hope it will be used widely in schools.  I have two stories in this book, “Punching Chickens” and “The Snake.”

But what thrills me whenever I appear in an anthology is to read other writers I admire, or to discover new work I am not familiar with.  This collection includes poetry, fiction, and nonfiction published over fifteen years by the award-winning Camino del Sol series, which has been at the forefront of publishing quality American literature written by Latinos.

Virgil Suárez’s “Animalia,” the first poem in front of my eyes as I randomly opened the book, was nothing short of enthralling.  The animals, the casual violence of children against animals, humans killing, eating, pleading with animals- the words and images spurred my memory and arrested the present like a poetic cinema.  Diana Garcia’s “When living was a labor camp called Montgomery” took me back not to Califas, but to Socorro, Texas, to working on a chicken farm, to the dreams of workers amid an awful stench, to muscles that quivered in spasms with the sun, to the choices and accidents that led to an escape.

The personal essay “A Different Border” by Ray Gonzalez, the founder and first editor of the Camino del Sol series, brought me home to contemporary El Paso.  The sleepy, isolated town has a growing military presence, anti-immigrant groups like the Minutemen lurk along the Texas-New Mexico border, and young, educated Chicanos buy into an often vapid, ahistorical existence.  And still, this country uses, abuses, underpays, profits from, and then attempts to deport and even destroy human beings from Mexico.  Not human beings, really.  But ‘cheap labor.’  Or worse, ‘illegal aliens.’  It’s a borderlands’ movie epic: “Be Blind, Rewind.”

But the most intriguing work in Camino del Sol was the introductory essay by Rigoberto González.  If you want to know, in a short read, about the history of Latino publishing in the United States, the authors, trends, sub-trends, categories, and publishers, the obscure as well as the well-known, the distant past as well as the future, then this is the essay for you.  It is a survey in the best sense of the word, which is to say it records, examines, and appraises the state of American literature written by Latinos.  You get the sense of a movement, perhaps gaining speed as of late, a flourishing through hard times and obscurity, that will not be denied anymore, that has become its own validation.

I became a writer to tell stories I had not before heard.  I became a writer not to aggrandize myself or my family, nor to provide a false, perhaps romanticized version of Ysleta or El Paso.  I became a writer because these stories, from my community, deserved to be heard.  They deserved to be heard after I read stories in German in Vienna.  They deserved to be heard after I studied Faulkner, O’Connor, Hemingway, and Conrad at Widener Library.

The panoply of stories and poems from the Latino community still deserve to be heard, and read.  I suspect many, if not most, of the writers in this anthology began with a similar motivation: a sense of pride mixed with a sense of strangulation, a belief that I am someone, that we are the people, that time is short, that our voices are just as often clear as faint, that today is the time to release a world.

Between Scylla and Charybdis

As I hunker down for this epic snowstorm that may or may not arrive tomorrow in the City, I have been working on my finances.  I do a few things at the beginning of the year, which I believe should help any investor remain disciplined and focused.

I would call myself an investor who is comfortable with risk, but over the years as I have amassed more capital I have shifted to preserving what I have as much as growing it.  The other issue is that I have always ignored Wall Street research, simply because much of it is momentum-based: if the stock goes up, then it’s a good stock, and if it goes down then it’s a bad one.

Of course, almost no one can tell the direction of a stock before-the-fact (unless you’re cheating).  You can be a lucky investor, but I want to be an intelligent one.  Moreover, not enough attention is paid to the business of a company and the trustworthiness of its management.  You want a company relentlessly focused on building shareholder value, cutting costs and overhead, deploying capital for the benefit of shareholders, not for fat-cat CEOs.  All in a marvelous business where the profit margins are high.  So the ethos of Wall Street, which seems to be “fleece the individual investor and even the taxpayer, if you can get away with it,” is what you want to avoid.

First, I re-balance my portfolios.  That is, if I want 40 percent in bonds, and 60 percent in stocks, if those are my targets, I check at the beginning of the year and move money to regain those targets.  What you are doing is moving money from your successes (say stocks, which climbed to 65 percent of your portfolio) to your failures (say bonds, which declined in relative value to your stocks, to 35 percent of your portfolio).  It’s systematic contrarian investing.  I recently read an article in the New York Times that showed how steadily saving for and re-balancing a diversified portfolio every year would have turned this past decade into an investing success, rather than the dismal failure it was for those who did nothing.

Second, I have been increasing my exposure to international stocks over the years, particularly emerging markets.  It’s simple.  The United States is a mature economy, with a dysfunctional political system which shows no sign of tackling our major problems.  The American share of worldwide stock-market wealth has relentlessly declined: in 1970, the U.S. stock market was 66 percent of world market capitalizations, in 2007 our share was 42 percent, in 2008, 29.9 percent.  It’s no secret that China, Brazil, India, South Korea, and so on are growing faster than we are.

So I invest in foreign-stock mutual funds, particularly index funds covering everything from developed economies to emerging markets.  Also, I make sure the mutual funds I own do not hedge the dollar.  Why?  I want the currency risk, for better or for worse.  That’s part of the diversification of international investing, and it’s also a bet against the dollar and our trade and budget deficits.  Our politicians will blame each other and vie for short-term power, until one day they will discover the mathematical oppression of our spending-beyond-our-means on unnecessary wars and gargantuan entitlements will have weakened us to a regional power, if that.

Third, I have diversified my portfolio to include things like raw land in Texas, where the demographics are excellent, and TIPS, or Treasury inflation-protected securities.  Although there is scant inflation now, and TIPS seem overbought because of the worries about the deficit, I believe you need a smattering of unconventional assets that will help you fight inflation when it rears its ugly head again, especially after we have printed truckloads of dollars.  There could also be a scenario in which interest rates are high, because of our weakened dollar and jittery creditors, and the American economy stagnant, our stand-of-living in a deleveraging decline.  Unconventional assets mean uncorrelated assets, and will mean less panic for you in whatever scary environment you find yourself in.

Over the past two years, I do feel something fundamental has changed.  The politicians in Washington have stopped working together; our democracy seems more ambush-demagogy than the voices of the people; the way we talk to each other, through TV and radio, in ten-second sound bytes, prevents us from understanding each other.  I just want my family to survive.

The Poetry of HTML

I like fiddling with the inner workings of web pages.  Over the years I have created my website, instead of farming it out to a web-page developer.  True, my website is not as spectacular as many I have seen on the Internet.  But I have extensive and ever-changing content, pictures, text, audio, video, podcasts, and now this blog.

There were many reasons why I began to develop my own website years ago.  First, I really like to tinker.  Second, I’m a bit of a control freak, at least as far as my work is concerned.  Third, yes, I’m a cheapskate.  Fourth, I believe a certain amount of my work should be available free, particularly for those who don’t have much money.  Finally, I love to understand by myself how things work.  This gives me a sense of being autarchic, a country under its own rule.  Tinkering is about curiosity, in my mind, whereas independence is about enjoying being alone and working on a problem.  These traits certainly reinforce each other.

It’s a similar feeling I get when I chop my own wood in Connecticut, instead of buying it in neat bundles at the supermarket. When I am finished with a task, and I have done a good job, either by splitting the wood right so that it fits into my woodstoves and fireplaces, or by seeing the effect I wanted on my blog or website after tinkering with HTML, I know I have accomplished this feat.  I’ve learned something new.  I gain enough confidence to try something a bit more complex next time, to expand my expertise.

I’ll give you an example.  Although I have loved the different layout possibilities of Blogger’s blogs and templates, when I created a short video of reading my story, “The Abuelita,” for an anthology in which the story appeared, there was a problem.  I was able to embed the YouTube video at the bottom of my blog’s front page (with the latest three entries), but whenever anyone clicked on individual blog entries the video would remain at the bottom of the blog, out of sight of readers.  An enormous amount of white space was always left between an individual blog entry and the embedded video.  The Blogger template did not adapt to single blog entries, but remained the ‘long layout’ of the three latest entries even when readers clicked on separate entries.

I popped the hood of the template HTML, and began tinkering.  I found, after trial and error, I could override and then simply delete the right HTML instructions that pushed my video to the bottom.  Now as you can see, individual entries as well as the ‘long layout’ of the latest three entries both have the video immediately after the last words of any blog text.  For Garage Band podcasts, iMovie videos, favicons, sitemaps, slideshows, and so on, the story has been the same.  How do you do that?  Let’s try this.  I want to give up!  My head hurts.  Oh, my God.  Yes!  Hey, guys, look at this!  True, it’s not always a happy ending, but so often, as long as I’ve stayed on the case, I have figured it out.

Why am I this tinkering fool?  It really gives me a deep pleasure to figure it out.  There is a certain grammar to HTML, and once you begin to understand this grammar you can manipulate it to your heart’s content.  Strangely, I have begun to read poetry on my iPhone, Emily Dickinson’s collected works, and I have found a kinship between my tinkering with HTML and figuring out the lady of Amherst’s grammar, so to speak.  Invariably, every second and fourth lines in her quatrains rhyme and are trimeter, like a poetic hammer.  I have so much to learn, but in discovery there is an infinite joy.