*I lit out from Reno, I was trailed by twenty hounds
Didn’t get to sleep that night ‘till the morning came around
Set out runnin’ but I take my time
A friend of the devil is a friend of mine
If I get home before daylight, I just might get some sleep tonight…
In preparing for this, our annual “Money Issue,” I couldn’t help but think about the moment I first really learned about money. I was about 5 or 6, on a family vacation in Serbia. Back then, “the old country” was considered the crown jewel of Eastern Europe. Ironically, they had the kind of currency that came with a lot of zeros printed on it. “How much is one dollar worth?” I asked my aunt. I think it was something like ten-thousand dinar. I quickly did the math on my allowance and giggled about what a million dinar worth of ice cream would look like. And then she took me to the store where I found out a single scoop was about 50,000 dinar, 75,000 if I wanted a cone.
That’s the thing about money; it is in fact relative. Five dollars is five dollars, but you value it differently depending on the context of your life. To paraphrase Manfred Max-Neef, the Chilean economist who developed “Barefoot Economics” (and a great humanitarian): Scientists divide things into parts—that’s knowledge—but understanding is wholistic.
This concept is central to our lead feature, Finance High, which looks at where we are in our post-recession economy, the tenor of Wall Street and what the reams of recent legislation are really all about. It seems like everyone knows what happened the last few years, but do we understand anything about why? In doing research for the piece, I interviewed a variety of people operating across all levels of the financial sector—and they all kept pointing back to the same thing. Let me know whether or not you agree with them.
Another person who is passionate about the pursuit of understanding is the subject of our cover story, Soledad O’Brian. In her interview with Aileen Jacobsen, Soledad talks about growing up in Saint James, traveling the world as a CNN correspondent, developing a documentary team and making time for her family. If you haven’t seen her until now, you will probably not miss her again. Following her story is our list of Long Island’s 2011 Top Legal Eagles. The annual compilation, the efforts of our advertising team in partnership with Martindale-Hubbell® (and their Peer Review Ratings™ system), features the top-rated attorneys of our region. Chance are, the next time you’re looking for a lawyer, you’ll want to have this lying around (though you can always search lipulse.com as well). And although we are saving the broader look at the real estate market for our April “Real Estate” issue, Conor Bly’s Real Estate column focuses on The Hamptons this month.
No magazine would be complete without offering worthwhile ways to spend your money, too. As always, we’ve got your best options for enjoying this great sandbar. You could, for instance, check out the Milton Avery show at Nassau County Museum of Art. Nothing is wrong when you’re standing in front of one of Avery’s large scale, brightly rendered panels. See the World’s Fairs exhibit at Long Island Museum, try a new restaurant, attend a charity fundraiser, take in live music or celebrate St. Patrick’s Day at Reese’s 1900 (our local favorite). For those ready to retire old man winter, check out our travel segment on Fiji, Spring Lines fashion spread and Objects of Desire, focused on the coming trends in resort accessories and swimwear. Note: No sunspots=more snow? Check out our astronomy column.
Now, where’s that ice cream?
*You can borrow from the devil, you can borrow from a friend
But the devil’ll give you twenty, when your friend got only ten.
*Friend of the Devil, Grateful Dead