Episode 2: Wizard Of iPhone/Special -- Nashville Writes -- The Sleep Lady
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Opening piano music courtesy of Harpeth Presbyterian Church -- closing banjo music courtesy of Banjo HangOut -- William Tell overeater (used with permission)
An Open Letter to Senator Marsha Blackburn
I know you are busy doing the people's work and running for office, but when the dust settles TVA's recent increase needs a look-see!
Their recent increase was bad math and violates the 10% ceiling.
Any increase of 5 1/2 percent on top of 4 1/2% amounts to 10.1%
When your banking partner pays you interest on the interest you have already earned, it's called “compound” interest. Fractions have rules of their own.
I know Miss Cornwall told me so. We are reaping the benefit of 50 years of outcome-based education. Two plus Two is never Five, no matter how good you feel about it!
PS To illustrate my point, three weeks ago, a Media pudent (supposedly financial) said, “Lowering the Fed rate effects credit card interest”! And that's not true either! My description of credit card interest rates would be usurious’
Or Just as in your local supermarket labeling 1/3 smaller than 1/4!
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