E C GLENN

4 decades in the Texas Capitol. What a Ride! Baseball is Life! when I leave this building I'm going to write a tell-all!!

[E C GLENN @IBeLobbyN]

@JasonVillalba 😂

[E C GLENN @IBeLobbyN]

@JasonVillalba It's another year for the Cowboys to give you this again!!

[Brian Lilley @brianlilley]

Thank you @DanielJHannan I had never seen this.

[Just Rock Content @JustRockContent]

One of the all-time great Rock Hall moments: Dolly’s “Jolene” with Rob Halford (Judas Priest), Pat Benatar, Annie Lennox, Simon Le Bon (Duran Duran), Pink, and Sheryl Crow. Zac Brown Band held it down as the house band.

Rest easy, Dolly 🤘

[E C GLENN @IBeLobbyN]

@Super70sSports

[E C GLENN @IBeLobbyN]

@leevalueroach Moloch is the "House" and the "house" never loses. If you don't know who the "mark" is....you're the "mark"!

[E C GLENN @IBeLobbyN]

@EricCHenry_ RIP!

[Ken James @openshutter21]

Sometimes for a good photo you don't need dramatic skies, or an elaborate subject, or foreground. Sometimes just the way simple comes together just right can make exceptional beauty. I suppose there's a life lesson in there somewhere.

[E C GLENN @IBeLobbyN]

How to know it's almost College Football season!! Let the Rivalry trash talk begin! 🤘

[E C GLENN @IBeLobbyN]

There aren't many 1st's left in baseball! What a feat!

[Jeff Passan @JeffPassan]

Since this, Joshua Báez has homered two more times. Three major league plate appearances, three home runs -- the first player in big league history to go deep three times in his first game. One to left, one to center, one to right. Best debut for a hitter in big league history.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US Government officially posts its largest July budget deficit in history, at -$432 billion, due to an acceleration in federal spending.

Interest on US debt rose +$26 billion from last July's levels to an alarming $118 billion for the month.

This puts total interest expense for FY2026 up to $1.17 trillion in FY2026.

As a result, interest expense has officially surpassed both National Defense and Medicare spending.

In other words, the US government now spends more money just on interest than it does to fund the entire US Military or to provide healthcare for seniors.

We cannot afford higher interest rates.

[Marvin L James II @sportsguymarv]

Heard a story of an AAU coach who put all 10 of his players on the floor at tip off. The refs told him that 5 needed to get off the court. He didn't and got a tech. He turned to the parents behind the bench and said, "See, I told you that they all couldn't start!"

[Barnaby Breaks History 🇺🇸 @BarnabyHistory]

🇺🇸 There were 80 Doolittle Raiders who risked their lives on the Tokyo Raid on April 18, 1942. They would hold a reunion every year after the war.

On the 17th reunion, the city of Tucson, Arizona did something special. They presented the Raiders with 80 Silver Goblets. Each goblet is engraved twice with the Raider's name. Once right side up and once upside down. Why?

At every reunion, the survivors would gather around the case and pour a glass of 1896 Hennessy Cognac, chosen because 1896 was Jimmy Doolittle’s birth year, and toast their fallen comrades.

When a Raider passed, his goblet would be turned upside down, but his name could still be read perfectly.

The Raiders agreed that when only two survivors remained, they would open the final bottle of 1896 cognac and drink a final toast to all their fallen friends.

The final goblet was turned upside down on April 18, 2019, after Lt. Col. Richard “Dick” Cole passed at 103 years old. He was Jimmy Doolittle's co-pilot on plane #1.

Today, the goblets are on permanent display at the National Museum of the United States Air Force in Dayton, Ohio.

[E C GLENN @IBeLobbyN]

@SomeAnonStaffer Big Bend is indeed a beautiful and special place! FULL STOP.

[E C GLENN @IBeLobbyN]

@mcuban I'd welcome and love to hear your thoughts on direct to consumer advertising of pharmaceuticals and if it has a place on your list of cost containment in healthcare!

[E C GLENN @IBeLobbyN]

could easily be applied to the current state of politics!

[🧬Maxpein🧬 @maximumpain333]

What nobody talks about. "The curse of awareness.." 👁️😳

[Lee Roach @leevalueroach]

A boomer household that saved 10% of its paycheck starting in 1980 and put it in an S&P 500 index fund would have about $4.1 million today.

The median boomer 401(k) balance is $93,200.

They didn't have to be smart to get the first number. No stock picking, no market timing, no finding the next Apple. Put a tenth of the paycheck in, don't touch it, wait.

Total out of pocket over those 45 years was roughly $207,000. Everything above that was compounding. Even in today's dollars it's still around $2.4 million.

And this wasn't a cherry-picked window. They lived through the best sustained equity run in modern history. The 1990s returned 18.2% a year. The 1980s topped 17%. The 2000s were a lost decade, and the math above already absorbs the dot-com crash and 2008. It still lands at $4 million.

What actually happened is that the US savings rate went from 12% in the 1970s to 10.2% in the 80s, 7.5% in the 90s, and 4% in the 2000s. It hit a record low of 1.4% in July 2005, which was also the peak of Americans pulling equity out of their houses and spending it.

So what do they have now?

Median boomer household net worth is $432,200, which sounds fine until you ask what form it's in. The typical 65 to 74 year old owns a $320,000 home and has $200,000 in retirement savings. The house is the portfolio.

A house is a bad retirement account. You can't withdraw 4% from a kitchen. Turning home equity into cash means one of three things: sell it and then go find somewhere to live in the same market that made your house expensive, take a HELOC and service debt on a fixed income, or take a reverse mortgage and pay fees to slowly hand the asset back to a bank.

A $4 million portfolio pays about $160,000 a year at a 4% withdrawal rate and you never touch the principal.

Also worth knowing: 43% of Americans aged 55 to 64 had nothing saved for retirement in 2022.

The version of this that usually goes viral is wrong, though, so here's the caveat.

Boomers are not broke. As a group they hold 51.6% of all US household wealth, roughly $85 trillion. Measured at the same age and adjusted for inflation they're the wealthiest cohort ever recorded.

But 71% of that sits with the top 10% of boomer households. And boomers without a college degree are no richer than the Silent Generation was at the same age. Only the college educated ones beat their parents.

So it was never going to be a generation of multimillionaires. It's a thin slice of one, plus a very large group whose entire net worth is a house they can't spend.

[E C GLENN @IBeLobbyN]

@hcolombi_3 ALL DOGS GO TO HEAVEN!!

[E C GLENN @IBeLobbyN]

@TomOliverson He also did a very smart thing by seeking out a “Center of Excellence” for his procedure. It’s in the name. The article notes-“he traveled to the Affordable Hernia Surgery center”! I’m betting they’ve seen it all as it relates to hernia surgery!

[E C GLENN @IBeLobbyN]

we are ALL Paco!!

[El Marqués de las Zorreras @EZorreras]

Cuando tengas un mal año, acuérdate de Paco.